Oklahoma Native Assets Coalition Inc
- Assets
- $2.8m
- Revenue
- $1.0m
- Investments
- $193.3k
- Employees
- 2
- Location
- Oklahoma City, OK
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-5103221
Organization Overview
Oklahoma Native Assets Coalition Inc is located in Oklahoma City, OK. The organization was established in 2014. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Oklahoma Native Assets Coalition Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Native Assets Coalition Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Oklahoma Native Assets Coalition Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $844.4k during the year ending 12/2023. While expenses have increased by 24.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Oklahoma Native Assets Coalition Inc has awarded 57 individual grants totaling $640,600. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION ASSISTS IN THE DEVELOPMENT AND SUPPORT OF A NETWORK OF NATIVE PEOPLE WHO ARE DEDICATED TO INCREASING THE SELF-SUFFICIENCY AND PROSPERITY OF THEIR COMMUNITIES. THIS IS BEING ACCOMPLISHED THROUGH COMPREHENSIVE FINANCIAL INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ADMINISTERS SEVEN PROGRAMS: 1) NATIVE ASSET BUILDER PROFESSIONAL DEVELOPMENT AND PROGRAM DEVELOPMENT (INCLUDING NATIVE BANK ON ONAC/NATIONAL GET BANKED INDIAN COUNTRY CAMPAIGN, FINANCIAL EDUCATION TRAIN-THE-TRAINERS, MULTIPLE NATIVE ASSET BUILDING RESEARCH PAPERS AND PRESENTATIONS, THE NATIONAL NATIVE EITC/VITA NETWORK, AND FUNDING OF BANK ON ACCOUNTS), 2) MINI GRANTS AND LARGER GRANTS TO FUND NATIVE ASSET-BUILDING PROJECTS, 3) ESTABLISHING AND FUNDING EDUCATIONAL SAVINGS ACCOUNTS FOR AMERICAN INDIAN AND ALASKA NATIVE CHILDREN, 4) FUNDING EMERGENCY SAVINGS ACCOUNTS FOR NATIVE FAMILIES, 5) CASH ASSISTANCE INCENTIVES FOR NATIVE FAMILIES BUILDING AND REPAIRING CREDIT AND PURCHASING A HOME, 6) ONE-ON-ONE FINANCIAL COACHING, AND 7) DOWN PAYMENT ASSISTANCE. IN 2023, THE ORGANIZATION SERVED AN ESTIMATED 15,329 CONSTITUENTS WITH THE NATIVE ASSET BUILDER PROFESSIONAL DEVELOPMENT PROGRAM, MINI GRANTS, SUPPORT OF NATIVE VITA PROGRAMS, CHILDREN'S SAVINGS ACCOUNTS, EMERGENCY SAVINGS ACCOUNTS, CASH ASSISTANCE INCENTIVES, BANK ON INCENTIVES, FINANCIAL COACHING, AND DOWN PAYMENT ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Finsel President | OfficerTrustee | 2 | $192,781 |
Anna Knight Vice President | OfficerTrustee | 2 | $0 |
Cynthia Logsdon Secretary | OfficerTrustee | 2 | $0 |
Kelly Brame Director | Trustee | 2 | $0 |
Christy Estes Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $350 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $966,842 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $967,192 |
| Total Program Service Revenue | $0 |
| Investment income | $66,685 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,040,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $245,000 |
| Grants and other assistance to domestic individuals. | $249,108 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,931 |
| Compensation of current officers, directors, key employees. | $28,541 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,169 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $32,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,701 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10 |
| Fees for services: Other | $117,541 |
| Advertising and promotion | $1,369 |
| Office expenses | $1,457 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $380 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,516 |
| All other expenses | $0 |
| Total functional expenses | $844,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,778,913 |
| Savings and temporary cash investments | $806,698 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $193,302 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,778,913 |
| Accounts payable and accrued expenses | $12,120 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,120 |
| Net assets without donor restrictions | $1,736,054 |
| Net assets with donor restrictions | $1,030,739 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,778,913 |
Grants Awarded
Over the last fiscal year, Oklahoma Native Assets Coalition Inc has awarded $243,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
OSAGE FINANCIAL RESOURCES INC PURPOSE: VITA PROGRAM | $8,500 |
PEOPLE'S PARTNER FOR COMMUNITY DEVELOPMENT PURPOSE: VITA PROGRAM | $14,500 |
FOUR BANDS COMMUNITY FUND PURPOSE: VITA PROGRAM | $10,000 |
TLINGIT HAIDA REGIONAL HOUSING AUTHORITY PURPOSE: VITA PROGRAM | $10,000 |
CHEROKEE NATION COMMERCE SERVICES PURPOSE: VITA PROGRAM | $10,000 |
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION OF THE TOHONO OODHAM NATION PURPOSE: VITA PROGRAM | $10,000 |