2025-03-18T16:19:40-04:00 2024-09-30 463916466 Jaramillo Accounting Group LLC 4700 Lincoln Road NE Albuquerque NM 87109 990 2023-10-01 320377684 INSTITUTE OF AMERICAN INDIAN ARTS FOUNDATION INST 83 AVAN NU PO ROAD SANTA FE NM 87508 MICHAEL PETTIT CHAIR 5054245730 2025-03-18 true true SCOTT ELIASON P02372673 5053232035 2025-03-18 2023 2025-03-06 01:10:19Z SUZETTE SHERMAN 2445261 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. 13 13 0 33 0 0 6113307 2406860 0 1083 1054 14246 -128942 6128636 2278972 5616254 2312704 0 0 0 47143 274881 119751 5891135 2432455 237501 -153483 2080077 2222049 464976 760431 1615101 1461618 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 2312704 2312704 PROVIDE SUPPORT FOR THE INSTITUTE OF AMERICAN INDIAN AND ALASKA NATIVE CULTURE AND ARTS DEVELOPMENT, ALSO KNOWN AS INSTITUTE OF AMERICAN INDIAN ARTS. 2312704 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 9 0 0 false false false false true true true true false false false false false false false false X 13 13 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 5054245730 83 AVAN NU PO SANTA FE NM 87508 SUZETTE SHERMAN EXECUTIVE DIRECTOR 40.00 0.00 X 0 99459 0 ELLEN BOOZER BOARD MEMBER 2.00 0.00 X 0 0 0 LORRAINE GALA LEWIS BOARD MEMBER 2.00 0.00 X 0 0 0 MICHAEL PETTIT 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 CHERYL DEMMERT FAIRBANKS BOARD MEMBER 2.00 0.00 X 0 0 0 PETER IVES BOARD MEMBER 2.00 0.00 X 0 0 0 MARK BAHTI BOARD MEMBER 2.00 0.00 X 0 0 0 DAVID RETTIG BOARD MEMBER 2.00 0.00 X 0 0 0 GAIL SHAWE BERNSTEIN VICE CHAIR 2.00 0.00 X X 0 0 0 STOCKTON COLT CHAIR 2.00 0.00 X X 0 0 0 CONNIE TSOSIE GAUSSOIN SECRETARY 2.00 0.00 X X 0 0 0 LEA ANN KNIGHT TREASURER 2.00 0.00 X X 0 0 0 0 99459 0 0 false false false 828920 1577940 338840 2406860 1054 1054 37347 828920 166289 -128942 -128942 2278972 0 0 -127888 2312704 2312704 8126 8126 21183 21183 6710 6301 409 41176 1231 39945 3505 3505 1650 1650 558 558 1395 1395 BANK FEES 27797 27797 TAXES AND LICENSES 862 862 6789 6789 2432455 2312704 72608 47143 1053853 1343524 960162 789672 19950 66062 68903 2080077 2222049 1558 16995 463418 743436 464976 760431 X 1615101 1461618 1615101 1461618 2080077 2222049 -153483 0 X X false true X true false X 949318 4073384 4589731 6113307 2135641 17861381 949318 4073384 4589731 6113307 2135641 17861381 7399806 10461575 133 134 610 1083 1054 3014 17864395 0.58560 0.56300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED DONATED ASSETS HELD FOR AUCTION 68903 68903 DUE TO IAIA TRUST 743436 743436 X 2615751 2615751 -336779 -336779 2278972 2598745 166289 166289 2432456 2432456 Other revenues included on Form 990 (Part XI, line 4b) DIRECT EXPENSES OF FUNDRAISING $(166,289)CURRENT YEAR CHANGE OF PLEDGE RECEIVABLE BALANCE $(170,490)TOTAL $(336,779) Other expenses not included on Form 990 (Part XII, line 2d) DIRECT EXPENSES OF FUNDRAISING $166,289 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 2022 THROUGH 2024 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 2024 960398 923051 37347 44987 2821 118481 GALA 2023 68723 68723 1029121 991774 37347 44987 2821 118481 166289 -128942 true IAIA TRUST 83 AVAN NU PO SANTA FE NM 87508 850377670 501C3 2312704 TO PROVIDE SUPPORT TO THE INSTITUTE X 30 37242 FMV PER DONOR X 105 FMV PER DONOR X 5 300542 STOCK SELLING PRICE X GALA AUCTION 2 823 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, 2023. General explanation attachment SINCE INCEPTION OF THE IAIA FOUNDATION THROUGH SEPTEMBER 30, 2024, THE IAIA FOUNDATION HAS RECEIVED AND TRANSFERRED DONOR FUNDS OF $26,048,917 TO THE SUPPORT THE INSTITUTE OF AMERICAN INDIAN ARTS. 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 733185 FMV IAIA b 1579519 FMV IAIA o 99459 COMPENSATION PER W-2