MINNESOTA INDIGENOUS BUSINESS ALLIANCE

EIN: 815041824 501(c)(3) Community Improvement

Saint Paul, MN

Total Revenue
$218,661
Total Expenses
$301,925
Total Assets
$357,104
Net Assets
$355,513
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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MN
Principal Officer
Pamela Standing
Phone
6124311804
Tax Period
2023-01-01 to 2023-12-31

MINNESOTA INDIGENOUS BUSINESS ALLIANCE, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $219K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $302K exceeded revenue, resulting in a 38% operating deficit.

Mission

ACT: Align Partners, Connect Businesses to Resources and Transform Native Economies.

Program Service Accomplishments

Program 1
Expenses: $5,887 Revenue: $0

Education and Outreach - Trade and exchange has not fully returned to normal in 2023. MNIBA continues to assist businesses transition to a virtual platform. MNIBA continued its role as a reviewer and...

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Education and Outreach - Trade and exchange has not fully returned to normal in 2023. MNIBA continues to assist businesses transition to a virtual platform. MNIBA continued its role as a reviewer and commentor on the Building Tribal Economies Toolkit - National Congress of American Indians. MNIBA engaged with partner organizations to look at what is needed to create equitable parity inaccessing resources, tools, technical assistance, and equitable access to affordable financial resources. MNIBA worked with a National team, funders and foundation to develop the Native Community Cooperative Developers Certification program. Phase II was launched in 2023, and and plans to launch Phase III, IV, and V in 2024-2025. MNIBA has become a national leader in the area of Indigenous/Native cooperative development and is called upon frequently to present and speak with communities. Over 400 native entrepreneurs and artists received direct business supports including review of market, financial and business plans, network connections and introductions, and referrals to financial resources. MNIBA's new brandig and website to have continuity in messaging in all communication platforms. RESULTS Over 20,000 people were touched through email and phone communications, virtual presentations, newsletter, statewide work groups, website, and social media platforms. Over 2000 hours of time-based giving throughout all MNIBA's programs on behalf of the board of directors, ED, statewide working groups, organizational partners, and volunteers.

Program 2
Expenses: $11,433 Revenue: $950

Buy Native Statewide Campaign - MNIBA continues its Buy Native Campaign messages to keep our native business and artists in the public eye and continues testing different models to get them...

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Buy Native Statewide Campaign - MNIBA continues its Buy Native Campaign messages to keep our native business and artists in the public eye and continues testing different models to get them introduced to new customers/clients and created tools that entrepreneurs are using to diversify their marketing strategies. MNIBA launched its Buy Native online interactive business directory. MNIBA continues to deploy a marketing strategy locally, regionally, and nationally.

Program 3
Expenses: $91,172 Revenue: $0

NATIVE ARTS - hosted three Native arts events, Art Attack (5,000 vistors), Art A Whirl (20,000 visitors, Native Winter Art Gift Boxes (1,000 visitors) Hosted nine Art Talks and Tea (over 32,900...

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NATIVE ARTS - hosted three Native arts events, Art Attack (5,000 vistors), Art A Whirl (20,000 visitors, Native Winter Art Gift Boxes (1,000 visitors) Hosted nine Art Talks and Tea (over 32,900 people watched the livestream event, and continue to watching the videos on YouTube and FaceBook) Hosted two Indian Arts and Crafts Revision conversations focused on artists and Native businesses, and the other on proposed agricultural reviions (over 7,000 people watched the livestream events and continue watching via Facebook and YouTube.). MNIBA participated in the national event of Artist Sunday and Small Business Saturday events to draw attention to and promote Native business and artists in Mni Sota. MNIBA is being called upon as a trusted resource to recruit artists for gallery events, boothing, art demonostrations, art educatio, abd funding opportunitie, and have referred over 500 Native artists throughout the state in response to these inquiries. the Native arts are led by Native artists and redesigned in a way that decentralizes institutional modes of power and systemic racism. MNIBA pubished a two year research report on MN's Legacy Fund. RESULTS Over 1,000 Native artists, Native-led organizations serving artists, and creatives have been touched through surveys, attending virtual presentations, giftboxes, referrals, email and telephone communiques, interviews, photoshoots, newsletter, website, and social media platforms. Over 1500 hours of time-based giving on behalf of MNIBA's board of directors, staff, volunteers, organizatitional partners and their staff.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $214,538
Program Service Revenue $950
Investment Income $1,602
Other Revenue $1,571
TOTAL REVENUE $218,661

Expense Breakdown

Grants Paid $0
Salaries & Benefits $189,269
Fundraising Expenses $17,946
Program Expenses $259,306
Other Expenses $112,656
TOTAL EXPENSES $301,925

Year-over-Year Comparison

2023 2022 Change
Revenue $218,661 $369,689 -0.4%
Expenses $301,925 $193,736 +0.6%
Net Income $-83,264 $175,953 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
8
Volunteers
24

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$92,781
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Pamela Standing Executive Director 40
Officer
$59,280 $0 $59,280
Jeanine Burnette Co Executive Director 32
Officer
$18,302 $0 $18,302
Michael Roberts Co Executive Director 32
Officer
$15,199 $0 $15,199
Wayne L Ducheneauz II Chair 10
Officer Director
$0 $0 $0
Shanne Soulier Vice Chair 5
Officer Director
$0 $0 $0
Elaine Hansen Treasurer 6
Officer Director
$0 $0 $0
Danielle Pieratos Secretary 6
Officer Director
$0 $0 $0
Jesse Sixkiller Board Member 4
Director
$0 $0 $0
Veronica Veaux Board Member 4
Director
$0 $0 $0
Rebecca Graces Board Member 4
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $218,661 $301,925 $357,104 $-83,264
2022 $369,689 $193,736 $446,026 $175,953
2021 $277,236 $101,922 $269,126 $175,314
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