Native Cdfi Network Inc
- Assets
- $1.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Rapid City, SD
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-3526004
Organization Overview
Native Cdfi Network Inc is located in Rapid City, SD. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Native Cdfi Network 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 12/2021, Native Cdfi Network Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $485.8k during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO BE A NATIONAL VOICE AND ADVOCATE THAT STRENGTHENS AND PROMOTES NATIVE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS), CREATING ACCESS TO CAPITAL AND RESOURCES FOR NATIVE PEOPLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR FOUR MAIN FOUNDATIONAL GOALS ARE AS FOLLOWS:- BUILD STRONG MEMBERSHIP NETWORK AND INFRASTRUCTURE- COMMIT TO GATHERING MEMBERS ANNUALLY- CREATE CDFI-TO-CDFI PEER MENTORING AND SHARING OPPORTUNITIES- IDENTIFY POLICY PRIORITIESUNDER OUR GRANT FUNDING, WE HAVE FOCUSED ON ACHIEVING THESE GOALS BY WORKING TO EDUCATE LENDERS, TRIBES, SERVICE PROVIDERS, AND NATIVE AMERICAN ENTREPRENEURS ABOUT THE NATIVE AMERICAN GAP FINANCING REVOLVING LOAN PROGRAM; STRENTHEN FINANCIAL INCLUSION THROUGHT EDUCATION AND OUTREACH; GROW THE ADVOCACY SKILLS AND CAPACITY OF OUR STAFF AND PARTNERS; AND DRIVE ECONOMIC DEVELOPMENT IN RURAL AND REMOTE NATIVE AMERICAN COMMUNITIES THAT ARE CURRENTLY UNDERSERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fern Orie Vice Chairperson | OfficerTrustee | 1 | $0 |
Pete Upton Chairperson | OfficerTrustee | 10 | $0 |
Cindy Mittlestadt Secretary | OfficerTrustee | 1 | $0 |
Cindy Logsdon Treasurer | OfficerTrustee | 1 | $0 |
Dave Tovey Director | Trustee | 1 | $0 |
Christopher Coburn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,763 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,113,578 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,131,341 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,131,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,792 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,197 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,714 |
| Fees for services: Accounting | $5,728 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,157 |
| Advertising and promotion | $93,285 |
| Office expenses | $3,266 |
| Information technology | $16,219 |
| Royalties | $0 |
| Occupancy | $400 |
| Travel | $22,643 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,602 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,010 |
| All other expenses | $161,527 |
| Total functional expenses | $485,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,603,366 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,603,366 |
| Accounts payable and accrued expenses | $17,318 |
| Grants payable | $0 |
| Deferred revenue | $8,603 |
| 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 | $3,886 |
| Total liabilities | $29,807 |
| Net assets without donor restrictions | $1,260,654 |
| Net assets with donor restrictions | $312,905 |
| 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 | $1,603,366 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Native Cdfi Network Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Neighborhood Reinvestment Corp Washington, DC PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Entertainment & Omaha, NE | $158,635,208 | $95,451,675 |
Southern Minnesota Initiative Foundation Owatonna, MN | $74,043,196 | $20,001,758 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Great Plains Institute For Sustainable Development Minneapolis, MN | $9,896,004 | $8,891,636 |
Minneapolis - St Paul Regional Economic Development Partnership Saint Paul, MN | $5,371,081 | $6,502,146 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |
Center For Economic Inclusion Saint Paul, MN | $9,315,769 | $9,776,985 |
Nextstage Bloomington, MN | $2,654,997 | $4,431,008 |
Grow South Dakota Sisseton, SD | $70,205,734 | $6,159,440 |
Wolf Run Village Inc Watford City, ND | $13,751,715 | $5,775,669 |