2025-11-17T16:31:36+00:00 2024-12-31 440160260 Forvis Mazars LLP 14221 Dallas Parkway Suite 400 Dallas TX 75254 990 2024-01-01 922247773 Sovereign Equity Fund SOVE 7013908088 120 West Thayer Bismark ND 58501 Justin Wilson President 4794456226 2025-11-17 true Andrew Gray P01517705 9727028262 2025-11-17 2024 2025-03-06 01:10:19Z Justin Wilson 120 West Thayer Bismark ND 58501 1623093 false X N/A X 2024 ND Sovereign Equity Fund (SEF) provides grants to eligible entities to provide assistance and services to improve the social, environmental, health, and economic development opportunities of American Indians, Alaska Natives, and Native Hawaiians. The goal is to advance Native food security to strengthen Tribal sovereignty through advancements in agricultural infrastructure by utilizing transformative mission investment strategies. 3 0 2 0 0 3368170 1623093 0 0 0 0 0 0 3368170 1623093 1468170 1941517 0 0 0 159310 0 0 0 37886 80109 1506056 2180936 1862114 -557843 6130540 5076081 4268426 3771810 1862114 1304271 To advance Native food security to strengthen Tribal sovereignty through advancements in agricultural infrastructure by utilizing transformative mission investment strategies. false false 2017634 1941517 0 Providing donations, gifts, grants, contributions, loans, guarantees, or subsidies to support American Indians, Alaska Natives, and Native Hawaiians. 2017634 true true false false false false false false false false false false false false false true true false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 3 0 true 2 true false false false false false false false false false false false false X 3 0 false true false false false false false true true false false false true true true true false true false false false false X Courtney Chavis 4794456226 120 West Thayer Bismark ND 58501 JoAnn Kauffman Secretary 2.0 X X 2000 0 0 Justin Wilson President 2.0 X X 2000 0 0 Richard Luarkie Treasurer 2.0 X X 2000 0 0 Christy Walker Controller 10.0 X 0 0 0 Courtney Chavis Executive Director 40.0 X 100000 0 0 106000 0 0 0 false false false 0 1623093 1623093 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1623093 0 0 0 1941517 1941517 106000 54992 51008 28442 13934 14508 24868 5542 19326 117 117 34000 500 33500 11450 0 11450 0 5060 358 4702 10146 10146 6736 6736 10219 10219 Dues & Subscriptions 1962 791 1171 Bank Fees 419 419 0 0 0 0 2180936 2017634 163302 0 3880540 4574506 2250000 500000 0 0 0 0 1575 0 0 0 0 0 0 0 0 6130540 5076081 16477 600000 900000 3668426 2855333 0 0 0 0 4268426 3771810 X 962114 944271 900000 360000 1862114 1304271 6130540 5076081 -557843 0 X false true true false X 3368170 1623093 4991263 0 0 0 0 0 3368170 1623093 4991263 3810524 1180739 0 0 0 0 0 0 0 0 4991263 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X 1656897 33804 0 33804 1623093 0 0 1623093 2214740 33804 0 33804 2180936 0 0 2180936 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true Fort Peck Community College 605 Indian Avenue PO Box 398 Poplar MT 59255 810374399 501(c)(3) 100000 Food Sovereignty / Cultural Foodways Initiative Iisavik College 100 Stevenson Street PO Box 749 Utqiavik Barrow AL 99723 920158414 501(c)(3) 100000 Food Sovereignty / Cultural Foodways Initiative Lac Courte Oreilles Ojibwe University 13466 W Trepania Road Hayward WI 54843 391453493 501(c)(3) 100000 Food Sovereignty / Cultural Foodways Initiative Nebraska Indian Community College (NICC) 1111 Highway 75 PO Box 428 Macy NE 68039 470623553 501(c)(3) 100000 Food Sovereignty / Cultural Foodways Initiative Nueta Hidatsa Sahnish College (NHS College) 301 College Drive PO Box 490 New Town ND 58763 450322990 501(c)(3) 100000 Food Sovereignty / Cultural Foodways Initiative Nebraska Indian Community College (NICC) 1111 Highway 75 PO Box 428 Macy NE 68039 470623553 501(c)(3) 90000 USDA NIFA Subgrantee University of Alaska Fairbanks (UAF) 1731 South Chandalar Drive Fairbanks AK 99775 926000147 501(c)(3) 90000 USDA NIFA Subgrantee 7 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds Grant Agreements: Each grant recipient enters into a formal grant agreement that specifies the terms and conditions of the funding, including reporting requirements, budgetary guidelines, and compliance obligations. Progress Reporting: Grant recipients are required to provide periodic progress reports. These reports include financial statements, updates on project milestones, and an assessment of progress towards objectives. Site Visits and Monitoring: SEF conducts regular site visits and remote monitoring to verify that grant funds are used in accordance with the agreed-upon terms and to assess the status of the project. Site visits also provide opportunities to offer support and address any challenges faced by the recipient. Financial Review: SEF performs financial reviews to ensure that grant expenditures are in line with the approved budget and grant agreement. This includes examining financial reports and receipts submitted by the recipient. Impact Evaluation: At the end of the grant period, recipients submit a final report detailing the project's outcomes and impact. SEF evaluates these reports to measure the success of the project and to learn from the experiences for future grant-making. Feedback and Adjustments: Based on monitoring and evaluation findings, SEF provides feedback to grant recipients. If necessary, adjustments to the project or funding may be made to address unforeseen issues or optimize project outcomes. Form 990, Part VI, Line 3 Delegation of management duties The Organization will enter into a management agreement with Native American Agriculture Fund to supply administrative and back office employees for the Organization. These services are donated in kind and there is no payment to the contracted officer under this agreement. Per IRS Guidance, no compensation is shown on the Form 990, Part VII for this individual: Christy Walker Form 990, Part VI, Line 11b Review of form 990 by governing body A COPY OF THE FORM 990 WILL BE PROVIDED TO ALL DIRECTORS FOR REVIEW AND COMMENTS PRIOR TO THE FILING OF THE RETURN. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION MONITORS COMPLIANCE AND ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY BY HAVING EACH BOARD MEMBER AND OFFICER SIGN AN ANNUAL STATEMENT. THE EXECUTIVE DIRECTOR AND BOARD PRESIDENT CONDUCT PERIODIC REVIEWS TO CHECK OF POTENTIAL CONFLICTS. IF A CONFLICT IS FOUND TO EXIST, THE CONFLICTED MEMBER ABSTAINS FROM VOTING ON THE TRANSACTION. Form 990, Part VI, Line 19 Required documents available to the public THE OGANIZATION MAKES ITS GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.