2026-07-29T15:55:04-04:00 2025-09-30 463916466 Jaramillo Accounting Group LLC 4700 Lincoln Road NE Albuquerque NM 87109 990 2024-10-01 320377684 INSTITUTE OF AMERICAN INDIAN ARTS FOUNDATION % MICHAEL PETTIT INST 5054245730 83 AVAN NU PO ROAD SANTA FE NM 87508 MICHAEL PETTIT CHAIR 5054245730 2026-07-29 true true SCOTT ELIASON P02372673 5053232035 2026-07-29 2024 2025-03-06 01:10:19Z KARA CLEM 83 AVAN NU PO ROAD SANTA FE NM 87508 2469803 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 60 0 0 2406860 2287033 0 1054 3345 -128942 -88327 2278972 2202051 2312704 2041706 0 0 0 45512 119751 146867 2432455 2188573 -153483 13478 2222049 2486896 760431 1011800 1461618 1475096 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 2041706 2041706 PROVIDE SUPPORT FOR THE INSTITUTE OF AMERICAN INDIAN AND ALASKA NATIVE CULTURE AND ARTS DEVELOPMENT, ALSO KNOWN AS INSTITUTE OF AMERICAN INDIAN ARTS. 2041706 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 false false false false false false false false false false false true true false false false true false false true false true 17 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 X X IAIA FOUNDATION 5054245730 83 AVAN NU PO SANTA FE NM 87508 SUZETTE SHERMAN EXECUTIVE DIRECTOR THROUGH 3425 40.00 0.00 X 0 101539 0 PAUL HULTIN BOARD MEMBER 2.00 0.00 X 0 0 0 GAIL SHAWE BERNSTEIN BOARD MEMBER 2.00 0.00 X 0 0 0 NICHOLAS CARLOZZI BOARD MEMBER 2.00 0.00 X 0 0 0 JILL COOPER BOARD MEMBER 2.00 0.00 X 0 0 0 DAVID YOUNG BOARD MEMBER 2.00 0.00 X 0 0 0 CHERYL DEMMERT FAIRBANKS BOARD MEMBER 2.00 0.00 X 0 0 0 CONNIE TSOSIE GAUSSOIN BOARD MEMBER 2.00 0.00 X 0 0 0 ELLEN BOOZER BOARD MEMBER 2.00 0.00 X 0 0 0 MONTE YELLOW BIRD Jr BOARD MEMBER 2.00 0.00 X 0 0 0 PETER IVES VICE CHAIR 2.00 0.00 X X 0 0 0 LORRAINE GALA LEWIS SECRETARY 2.00 0.00 X X 0 0 0 MICHAEL PETTIT CHAIR 2.00 0.00 X X 0 0 0 EDWARD GALE TREASURER 2.00 0.00 X X 0 0 0 KARA CLEM EXECUTIVE DIRECTOR 40.00 0.00 X 0 0 0 0 101539 0 0 false false false 922146 1364887 87600 2287033 3345 3345 179425 922146 267752 -88327 -88327 2202051 0 0 -84982 2041706 2041706 27646 27646 4847 4847 54783 14382 40401 1174 1174 906 906 3039 3039 3223 3223 BANK FEES 37392 37392 TAXES AND LICENSES 5722 5722 8135 7871 264 2188573 2041706 101355 45512 1343524 1602647 789672 815722 19950 68903 68527 2222049 2486896 16995 1624 743436 1010176 760431 1011800 X 1461618 1475096 1461618 1475096 2222049 2486896 13478 0 X false true X true false X 4073384 4589731 6113307 2135641 2287033 19199096 4073384 4589731 6113307 2135641 2287033 19199096 7342534 11856562 134 610 1083 1054 3345 6226 19205322 0.61740 0.58560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED DUE TO IAIA TRUST 1010176 1010176 X 2443753 2443753 -241702 -241702 2202051 2456325 267752 267752 2188573 2188573 Part XI, Line 4b-Other revenue not included on Sch D but on 990 DIRECT EXPENSES OF FUNDRAISING $(267,752)CURRENT YEAR CHANGE OF PLEDGE RECEIVABLE BALANCE $26,050TOTAL $(241,702) Part XII, Line 2d-Other expenses included on Sch D but not on 990 DIRECT EXPENSES OF FUNDRAISING $267,752 Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740) 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 2023 THROUGH 2025 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 2025 1006880 827455 179425 49484 2000 216268 GALA 2024 18953 18953 1025833 846408 179425 49484 2000 216268 267752 -88327 true IAIA TRUST 83 AVAN NU PO SANTA FE NM 87508 850377670 501C3 2041706 TO PROVIDE SUPPORT TO THE INSTITUTE X 62 179425 FMV PER DONOR X 3 87593 STOCK SELLING PRICE X GALA AUCTIOM 2 8100 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. General explanation attachment SINCE INCEPTION OF THE IAIA FOUNDATION THROUGH SEPTEMBER 30, 2025, THE IAIA FOUNDATION HAS RECEIVED AND TRANSFERRED DONOR FUNDS OF $28,090,623 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 1992210 FMV IAIA b 49496 FMV IAIA o 101539 COMPENSATION PER W-2