Cherokee Preservation Foundation Inc
- Assets
- $54.3m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Cherokee, NC
- Founding
- 08/2002
- Data as of
- 09/2023
- EIN
- 56-2272253
Organization Overview
Cherokee Preservation Foundation Inc, operating under the name Inc, is located in Cherokee, NC. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2023, Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 09/2023, Inc generated $8.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $6.4m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Inc has awarded 302 individual grants totaling $33,447,735. 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
TO PROTECT AND PRESERVE OUR NATIVE CULTURE. ENHANCE THE QUALITY OF LIFE AND THE OVERALL WELL-BEING OF THE LIVES OF THE EASTERN BAND OF CHEROKEE INDIANS (EBCI) AND OUR NEIGHBORS IN WESTERN NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHEROKEE PRESERVATION FOUNDATION IS A 501(C)(3) PUBLICLY SUPPORTED ORGANIZATION THAT ACCOMPLISHES ITS EXEMPT PURPOSE AND MISSION AS A GRANTMAKER, CONVENER, PARTNERSHIP BROKER AND COMMUNITY BUILDER. PLEASE SEE OUR EXTENDED STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS IN SCHEDULE O.THE ORGANIZATION MAINTAINS AND PRESERVES A COLLECTION OF CULTURAL ARTWORK FOR FUTURE GENERATIONS TO ENJOY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Smith Board Member-Chief Appointed | Trustee | 1 | $0 |
Catcuce Tiger Board Member-Chief Apointed | Trustee | 1 | $0 |
April Ross Board Member-Rnschool Nurse | Trustee | 1 | $0 |
Louise Goings Board Member | Trustee | 1 | $0 |
David Anderson Board Member-Chairman | Trustee | 1 | $0 |
Debora Foerst Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,500,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,500,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,118,882 |
| 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 | $8,618,882 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,795,028 |
| 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. | $174,758 |
| Compensation of current officers, directors, key employees. | $174,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $699,034 |
| Pension plan accruals and contributions | $76,032 |
| Other employee benefits | $182,044 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $159,978 |
| Advertising and promotion | $0 |
| Office expenses | $29,216 |
| Information technology | $9,588 |
| Royalties | $0 |
| Occupancy | $83,789 |
| Travel | $54,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,662 |
| Interest | $945 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,077 |
| Insurance | $7,380 |
| All other expenses | $0 |
| Total functional expenses | $6,370,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,904,874 |
| 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 | $166,175 |
| Net Land, buildings, and equipment | $366,606 |
| Investments—publicly traded securities | $41,856,390 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,294,045 |
| Accounts payable and accrued expenses | $256,331 |
| Grants payable | $18,830 |
| 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 | $275,161 |
| Net assets without donor restrictions | $54,018,884 |
| Net assets with donor restrictions | $0 |
| 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 | $54,294,045 |
Grants Awarded
Over the last fiscal year, Cherokee Preservation Foundation Inc has awarded $4,985,836 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
EASTERN BAND OF CHEROKEE INDIANS PURPOSE: CULTURAL PRESERVATION | $362,500 |
WESTERN NC REGIONAL EDUCATION PURPOSE: CULTURAL PRESERVATION | $171,007 |
CHEROKEE BOYS CLUB PURPOSE: CULTURAL PRESERVATION | $280,830 |
NORTH CAROLINA STATE UNIVERSITY PURPOSE: CULTURAL PRESERVATION | $101,055 |
CHEROKEE HISTORICAL ASSOCIATION PURPOSE: CULTURAL PRESERVATION | $418,395 |
COMMUNITY FOUNDATION OF WNC PURPOSE: CULTURAL PRESERVATION | $114,500 |