2024-02-15T09:50:58-05:00 2023-09-30 463916466 Jaramillo Accounting Group LLC 4700 Lincoln Road NE Albuquerque NM 87109 990 2022-10-01 320377684 INSTITUTE OF AMERICAN INDIAN ARTS FOUNDATION INST 83 AVAN NU PO ROAD SANTA FE NM 87508 STOCKTON COLT CHAIR 5054245730 2024-02-15 true STOCKTON COLT SCOTT ELIASON P02372673 5053232035 2024-02-15 0 00 AAL1 IAL1 2022 2023-04-26 12:10:37Z SUZETTE SHERMAN 6251093 false X N/A X 2010 NM TO SUPPORT THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE INSTITUTE OF AMERICAN AND ALASKA NATIVE CULTURE AND ARTS DEVELOPMENT, ALSO KNOWN AS INSTITUTE OF AMERICAN INDIAN ARTS. 14 14 0 24 0 0 4589731 6113307 0 610 1083 25130 14246 4615471 6128636 4183700 5616254 0 0 0 0 189865 274881 4373565 5891135 241906 237501 1499180 2080077 973035 464976 526145 1615101 TO SUPPORT THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE INSTITUTE OF AMERICAN AND ALASKA NATIVE CULTURE AND ARTS DEVELOPMENT, ALSO KNOWN AS INSTITUTE OF AMERICAN INDIAN ARTS. false false 5819482 5616254 PROVIDE SUPPORT FOR THE INSTITUTE OF AMERICAN INDIAN AND ALASKA NATIVE CULTURE AND ARTS DEVELOPMENT, ALSO KNOWN AS INSTITUTE OF AMERICAN INDIAN ARTS. 5819482 true true false false false false false false false false false false false false true true false true false false false false false false true false false true false false false false false false false false false false true true false false false true false false true false true 5 0 0 false false false false true true true true false false false false false false false false X 14 14 false false false false false false false true true false false true true true true false false true false false false X X IAIA FOUNDATION 5054248730 83 AVAN NU PO SANTA FE NM 87508 SUZETTE SHERMAN EXECUTIVE DIRECTOR 40.00 0.00 X 0 97817 0 JANE FRANK BOARD MEMBER 2.00 0.00 X 0 0 0 CONNIE TSOSIE GAUSSOIN BOARD MEMBER 2.00 0.00 X 0 0 0 LORRAINE GALA LEWIS BOARD MEMBER 2.00 0.00 X 0 0 0 EDWARD GALE BOARD MEMBER 2.00 0.00 X 0 0 0 MONTE YELLOW BIRD Jr BOARD MEMBER 2.00 0.00 X 0 0 0 MICHAEL PETTIT BOARD MEMBER 2.00 0.00 X 0 0 0 CHERYL DEMMERT FAIRBANKS BOARD MEMBER 2.00 0.00 X 0 0 0 MARK BAHTI BOARD MEMBER 2.00 0.00 X 0 0 0 JEAN MCINTOSH BOARD MEMBER 2.00 0.00 X 0 0 0 DAVID RETTIG BOARD MEMBER 2.00 0.00 X 0 0 0 PETER IVES BOARD MEMBER 2.00 0.00 X 0 0 0 STOCKTON COLT CHAIR 2.00 0.00 X X 0 0 0 GAIL SHAWE BERNSTEIN VICE CHAIR 2.00 0.00 X X 0 0 0 LEA ANN KNIGHT TREASURER 2.00 0.00 X X 0 0 0 0 97817 0 0 false false false 515173 5598134 148732 6113307 1083 1083 136703 515173 122457 14246 14246 6128636 0 0 15329 5616254 5616254 7650 7650 9179 9179 23065 23065 6982 6982 558 558 761 761 3861 3861 1395 1395 IN-KIND EXPENSE 203228 203228 BANK FEES 18190 18190 TAXES AND LICENSES 12 12 5891135 5819482 71653 0 1369313 1053853 960162 129867 66062 1499180 2080077 1558 973035 463418 973035 464976 X 526145 1615101 526145 1615101 1499180 2080077 237501 851455 0 X X false true X true false X 1351977 949318 4073384 4589731 6113307 17077717 1351977 949318 4073384 4589731 6113307 17077717 7462570 9615147 193 133 134 610 1083 2153 17079870 0.56300 0.69380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED DONATED ASSETS HELD FOR AUCTION 66062 66062 DUE TO IAIA TRUST 463418 463418 X 6142386 6142386 -13750 -13750 6128636 6013592 122457 122457 5891135 5891135 Other revenues included on Form 990 (Part XI, line 4b) DIRECT EXPENSES OF FUNDRAISING $(122,457)PRESENT VALUE OF PLEDGED CONTRIBUTIONS NOT RECOGNIZED IN THE GAAP FINANCIAL STATEMENTS BUT ARE RECOGNIZED FOR TAX RETURN PURPOSES $108,707 TOTAL $(13,750) Other expenses not included on Form 990 (Part XII, line 2d) DIRECT EXPENSES OF FUNDRAISING $122,457 Footnote for uncertain tax position under FIN 48 (Part X) IAIA FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE AND THE STATUTES OF NEW MEXICO. THE FOUNDATIONS OPEN AUDIT PERIODS ARE FISCAL YEARS 2020 THROUGH 2023 GENERALLY THREE YEARS AFTER FILING. IN ADDITION, IAIA FOUNDATION HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. THE FINANCIAL ACCOUNTING STANDARDS BOARD HAS ISSUED ASC 740-10, WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR HOW AN ORGANIZATION SHOULD MEASURE, RECOGNIZE, PRESENT AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT AN ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. IAIA FOUNDATION HAS NO UNCERTAIN TAX POSITIONS. GALA 2023 637246 500543 136703 33292 29615 59550 GALA 2022 14630 14630 651876 515173 136703 33292 29615 59550 122457 14246 true IAIA TRUST 83 AVAN NU PO SANTA FE NM 87508 850377670 501C3 5616254 TO PROVIDE SUPPORT TO THE INSTITUTE X 38 136703 FMV PER DONOR X 1 9309 STOCK SELLING PRICE X GALA AUCTION - OTHER ITEM 2 2720 FMV PER DONOR Form 990 governing body review Part VI line 11 THE FOUNDATION FINANCE COMMITTEE WILL REVIEW AND APPROVE THE TAX RETURN PRIOR TO FILING. ALL BOARD MEMBERS WILL RECEIVE COPIES EITHER ELECTRONICALLY OR BY MAIL. Conflict of interest policy compliance Part VI line 12c THE ORGANIZATIONS OFFICERS, DIRECTORS AND KEY EMPLOYEES ANNUALLY SIGN THE CONFLICT OF INTEREST POLICY ACKNOWLEDGMENT FORM WITH UPDATED INFORMATION. THE PROCESS REQUIRES THE ORGANIZATION TO MONITOR ALL CONFLICTS AND A PERSON WITH A CONFLICT IS NOT ALLOWED TO VOTE ON THE TRANSACTION. CEO executive director top management comp Part VI line 15a THE EXECUTIVE DIRECTORS COMPENSATION IS ESTABLISHED BASED ON COMPENSATION DATA FOR SIMILAR POSITIONS IN THE SANTA FE, NEW MEXICO AREA. THE EXECUTIVE DIRECTOR COMPENSATION IS PAID BY A RELATED ORGANIZATION, THE INSTITUTE OF AMERICAN INDIAN AND ALASKAN NATIVE CULTURE AND ARTS DEVELOPMENT (IAIA). Governing documents etc available to public Part VI line 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Part XII Response or note to any line in Part XII PRIOR PERIOD ADJUSTMENTS (LINE 08) PERTAIN TO THE PRESENT VALUE OF THE PLEDGES RECEIVABLE ON OCTOBER 1, 2022. IAIA TRUST 83 AVAN NU PO ROAD Santa Fe NM 87508 850377670 SUPPORT FOR THE IAIA NM 501c3 7 N/A false IAIA PO BOX 5310 Santa Fe NM 875025310 850365964 AMERICAN INDIAN ARTS EDUCATION & INSTRUCTION NM 501c3 2 N/A false false true false false false false false false false false false false false false true false false false false IAIA TRUST b 1375764 FMV IAIA b 4240490 FMV IAIA o 97817 COMPENSATION PER W-2