FIRST PEOPLES FUND

EIN: 820583682 501(c)(3) Arts, Culture & Humanities

RAPID CITY, SD

Total Revenue
$9,154,077
Total Expenses
$7,059,129
Total Assets
$16,057,786
Net Assets
$15,981,740
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Financial Trends

Organization Details

Formation Year
1995
Principal Officer
LARA EVANS
Phone
6053480324
Tax Period
2024-01-01 to 2024-12-31

FIRST PEOPLES FUND, founded in 1995, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.2M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 23% operating margin.

Mission

TO HONOR AND SUPPORT THE COLLECTIVE SPIRIT OF FIRST PEOPLES ARTISTS AND CULTURE BEARERS.

Program Service Accomplishments

Program 1
Expenses: $3,070,759

TRAININGS, WORKSHOPS, AND RE-GRANTS: FIRST PEOPLES FUND COMMUNITY DEVELOPMENT WORK INCLUDES SEVERAL SUB-PROGRAMS DESIGNED TO BUILD THE CAPACITY OF COMMUNITY-BASED ORGANIZATIONS TO SUPPORT THE...

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TRAININGS, WORKSHOPS, AND RE-GRANTS: FIRST PEOPLES FUND COMMUNITY DEVELOPMENT WORK INCLUDES SEVERAL SUB-PROGRAMS DESIGNED TO BUILD THE CAPACITY OF COMMUNITY-BASED ORGANIZATIONS TO SUPPORT THE DEVELOPMENT OF CREATIVE, LEADERSHIP, AND ENTREPRENEURIAL SKILLS OF INDIVIDUALS UNDER OUR CATEGORY OF NATIVE ARTS ECOLOGY BUILDING GRANTS. THESE GRANTS PROVIDE FUNDING AND TECHNICAL ASSISTANCE TO COMMUNITY-BASED ORGANIZATIONS, SUPPORTING THEM TO ASSIST NATIVE ARTISTS TO GROW AS ENTREPRENUERS AND LEADERS IN THEIR LOCAL INDIGENOUS ARTS ECOSYSTEM. THROUGH THE INDIGENOUS ARTS ECOLOGY PROGRAM, FPF PARTNERS PRIMARILY WITH NATIVE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS. THE COHORT-BASED PROGRAM BUILDS AN UNDERSTANDING OF THE CRITICAL ROLE OF ARTISTS AND CULTURE BEARERS IN TRIBAL COMMUNITIES AND HELPS BUILD CAPACITY TO BETTER SUPPORT ARTISTS WITH SERVICES, TRAINING, AND MENTORING.

Program 2
Expenses: $1,418,715 Revenue: $63,114

FIRST PEOPLES FUND IS A PRINCIPAL PARTNER IN INTERCULTURAL LEADERSHIP INSTITUTE, ALSO KNOWN AS ILI, ALONG WITH THREE OTHER ORGANIZATIONS. THESE FOUR CORE PARTNERS HAVE SHARED A COMMITMENT TO PURSUE...

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FIRST PEOPLES FUND IS A PRINCIPAL PARTNER IN INTERCULTURAL LEADERSHIP INSTITUTE, ALSO KNOWN AS ILI, ALONG WITH THREE OTHER ORGANIZATIONS. THESE FOUR CORE PARTNERS HAVE SHARED A COMMITMENT TO PURSUE SUPPORT FOR ARTISTS, CULTURE BEARERS, AND OTHER ARTS PROFESSIONALS AS CHANGE-MAKERS IN THEIR COMMUNITIES. THE INITIATIVE ANNUALLY SELECTS A COHORT OF ARTISTS AND ARTS ADMINISTRATORS FROM COMMUNITIES OF COLOR AND CONVENES THEM THROUGHOUT THE YEAR TO LEARN ABOUT THEIR SHARED HISTORIES, BUILD NETWORKS, AND GAIN LEADERSHIP SKILLS.

Program 3
Expenses: $943,392

ARTIST IN BUSINESS LEADERSHIP: CULTURAL CAPITAL FELLOWSHIPS ARE SIMILAR PROGRAMS WHICH ARE GROUPED TOGETHER FOR REPORTING PURPOSES. CULTURAL CAPITAL IS DESIGNED SPECIFICALLY FOR MASTER ARTISTS WHO...

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ARTIST IN BUSINESS LEADERSHIP: CULTURAL CAPITAL FELLOWSHIPS ARE SIMILAR PROGRAMS WHICH ARE GROUPED TOGETHER FOR REPORTING PURPOSES. CULTURAL CAPITAL IS DESIGNED SPECIFICALLY FOR MASTER ARTISTS WHO HAVE BEEN PRACTICING THEIR ART FOR 10 YEARS OF MORE. ARTISTS; 1) SHARE A COMMITMENT TO TEACHING THEIR CRAFT IN THEIR COMMUNITY TO KEEP CULTURAL EXPRESSION ALIVE; 2) HAVE A PLAN TO DOCUMENT THEIR ANCESTRAL KNOWLEDGE FOR THE NEXT GENERATIONS; AND 3) SEEK WAYS TO SUSTAIN CULTURAL SHARING AS A WAY OF LIFE WITHIN THEIR TRIBAL COMMUNITY. GRANTS OF 10,000 OFFER ARTISTS AN OPPORTUNITY TO DELVE DEEPER INTO THEIR ART - SHARING THEIR ARTISTRY WILL ALL WHO TO LEARN. EACH YEAR, CULTURAL FELLOWS TEACH AND SHARE THEIR KNOWLEDGE WITH MORE THAN 100 COMMUNITY MEMBERS. BENEFITS OF THE FELLOWSHIPS: FIRST PEOPLES FUND'S ARTIST IN BUSINESS LEADERSHIP FELLOWSHIP DOES NOT JUST HELP ARTISTS GROW A BUSINESS, IT HELPS INSPIRE THEM TO FULLY HONOR THEIR CULTURAL CREATIVITY AND GROW THE IMPACT IT HAS ON THEIR PEOPLE. ARTIST APPLICANTS FOR THE FELLOWSHIP PROGRAMS MUST BE NATIVE HAWAIIAN OR A MEMBER OF A UNITED STATES TRIBAL NATION. EACH ARTIST RECEIVES INDIVIDUALIZED TECHNICAL ASSISTANCE AND PROFESSIONAL DEVELOPMENT GUIDANCE, AS WELL AS A GRANT TO OFFSET CAPITAL EXPENSES ASSOCIATED WITH GROWING A BUSINESS. IMPACT OF THE FELLOWSHIP: OUR ARTIST ALUMNI TELL US THE PROGRAM DOES MORE THAN JUST SUPPORT AN ENTREPRENEURIAL SPIRIT - IT STIMULATES A RENEWED ENERGY TO CHALLENGE THEMSELVES AND EACH OTHER TO CREATE NEW WORK. YEEGO ACTION PROVIDES SMALL GRANTS FOR ARTISTS ENCOUNTERING UNANTICIPATED COSTS REQUIRED TO TAKE FULL ADVANTAGE OF A PROFESSIONAL OPPORTUNITY, OR WHO HAVE BEEN IMPACTED BY AN EMERGENCY OR REGIONAL DISASTER. MONTHLY APPLICATION DEADLINES PROVIDE TIMELY ASSISTANCE WITH A QUICK TURN-AROUND.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,878,557
Program Service Revenue $63,114
Investment Income $208,258
Other Revenue $4,148
TOTAL REVENUE $9,154,077

Expense Breakdown

Grants Paid $2,461,228
Salaries & Benefits $2,634,008
Fundraising Expenses $138,400
Program Expenses $5,432,866
Other Expenses $1,963,893
TOTAL EXPENSES $7,059,129

Year-over-Year Comparison

2024 2023 Change
Revenue $9,154,077 $6,027,659 +0.5%
Expenses $7,059,129 $5,799,519 +0.2%
Net Income $2,094,948 $228,140 +8.2%
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
9
Independent Members
9
Employees
30
Volunteers
N/A

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
6
$211,082
Total Directors
10
$211,082
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VICKIE OLDMAN CO-CHAIR 2.00
Officer Director
$0 $0 $0
KALIMA ROSE CO-CHAIR 2.00
Officer Director
$0 $0 $0
ALFRED BUD LANE VICE-CHAIR 2.00
Officer Director
$1,000 $0 $1,000
PAUL LUMLEY SECRETARY 2.00
Officer Director
$0 $0 $0
CARLTON TURNER TREASURER 2.00
Officer Director
$0 $0 $0
MARIA LOPEZ DE LEON DIRECTOR 1.00
Director
$0 $0 $0
SHANNON MARTIN DIRECTOR 1.00
Director
$0 $0 $0
TERRY PECHOTA DIRECTOR 1.00
Director
$0 $0 $0
DALLIN MAYBEE DIRECTOR 1.00
Director
$0 $0 $0
LORI POURIER FOUNDER/PRES 40.00
$198,035 $30,586 $228,621
JUSTIN HUENEMANN PRESIDENT 40.00
Officer Director
$196,999 $13,083 $210,082
SONYA PAUL VP, ADVANCE 40.00
Highest
$140,376 $13,389 $153,765
LARA EVANS VP, PROGRAMS 40.00
Highest
$132,580 $10,900 $143,480
TRESHA MORELAND VP, OPERATIO 40.00
Highest
$114,442 $11,178 $125,620
JAREN BONILLO PROGRAM DIRE 40.00
Highest
$105,984 $12,684 $118,668
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 $9,154,077 $7,059,129 $16,057,786 $2,094,948
2023 $6,027,659 $5,799,519 $13,307,205 $228,140
2022 $4,047,749 $4,589,637 $10,337,595 $-541,888
2021 $11,058,456 $3,329,515 $11,478,942 $7,728,941
2020 $2,828,537 $2,591,629 $4,292,173 $236,908
2019 $2,959,048 $2,365,495 $3,083,727 $593,553
2018 $2,309,507 $2,412,687 $2,500,220 $-103,180
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