2024-10-13T16:42:14+00:00 2023-12-31 440160260 Forvis Mazars LLP 14221 Dallas Parkway Suite 400 Dallas TX 75254 990 2023-01-24 922247773 Sovereign Equity Fund SOVE 7013908088 120 West Thayer Bismark ND 58501 Justin Wilson President 4794456226 2024-10-13 true true Noelle Alberto P01704142 9727028262 2024-11-15 2023 2024-10-15 13:58:12Z X Justin Wilson 120 West Thayer Bismark ND 58501 3368170 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 3 0 3 0 0 0 3368170 0 0 0 0 0 0 0 3368170 0 1468170 0 0 0 0 0 0 0 0 37886 0 1506056 0 1862114 0 6130540 0 4268426 0 1862114 To advance Native food security to strengthen Tribal sovereignty through advancements in agricultural infrastructure by utilizing transformative mission investment strategies. false false 1481445 1468170 Providing donations, gifts, grants, contributions, loans, guarantees, or subsidies to support American Indians, Alaska Natives, and Native Hawaiians. 1481445 true true false false false false false false false false false false false false false 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 true 0 0 0 false false false false false false false false false false false false false X 3 3 false true false false false false false true true false false true true true true false true false false false X Christy Walker 4794456226 120 West Thayer Bismark ND 58501 X JoAnn Kauffman Secretary 2.0 X X 0 0 0 Justin Wilson President 2.0 X X 0 0 0 Richard Luarkie Treasurer 2.0 X X 0 0 0 Christy Walker Controller 10.0 X 0 0 0 0 0 0 0 false false false 2 268170 3100000 3368170 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3368170 0 0 0 1468170 1468170 1000 1000 0 0 6833 6275 558 22323 22323 632 632 Board Fees 6000 6000 Filing Fees 599 599 Dues & Subscriptions 481 481 Bank Fees 18 18 0 0 0 0 1506056 1481445 24611 0 0 3880540 0 0 2250000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6130540 0 0 600000 0 3668426 0 0 0 0 0 4268426 X 0 962114 0 900000 0 1862114 0 6130540 1862114 0 X false true X true false X 3368170 3368170 0 0 0 0 0 0 3368170 3368170 2965273 402897 0 0 0 0 0 0 0 0 3368170 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3467558 99388 0 99388 3368170 0 0 3368170 1605444 99388 0 99388 1506056 0 0 1506056 Schedule D, Part X, Line 2 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 College of Menominee Nation N172 State Hwy 47-55 Keshena WI 54135 391773613 501(C)(3) 200000 The project aims to weave together food, material, and spiritual culture through workshops. Fort Peck Community College PO Box 398 605 Indian Ave Poplar MT 59255 810374399 501(C)(3) 200000 The project synthesizes both traditional and modern practices to revitalize cultural foodways in their communities. Lac Courte Oreilles Ojibwe University 13466 W Trepania Rd Hayward WI 54843 391456135 501(C)(3) 200000 The project is designed to foster 10 new traditional Anishinaabe harvesters in their communtiy. Red Lake Nation College 15480 Migiza Drive Red Lake MN 56671 263031521 501(C)(3) 200000 The project focuses on gathering original seeds to the area and traditional ricing, ice fishing, sugar maple camps, and food foraging. Sisseton Wahpeton College 12572 BIA Hwy 700 Sisseton SD 57262 460357254 501(C)(3) 200000 The project aims to create a demonstration of how healthy food systems are established using three families each year. Sitting Bull College 9299 Hwy 24 Fort Yates ND 58538 237373765 501(C)(3) 290000 1) The project aims to increase access to food and cultural opportunities within the communities by providing workshops and resources on traditional skills. 2) The project focuses on vegetable production, providing produce and advertising for a farmers' market, and horsemanship opportunities. Nebraska Indian Community College PO Box 428 Macy NE 68039 470623553 501(C)(3) 88170 The project aims to offer educational seminars that cover food supply, ag productivity, environmental quality, and more. University of Alaska Fairbanks 1751 Tanana Loop Fairbanks AK 99775 926000147 501(C)(3) 90000 This project focuses on food systems, human nutrition, native language, traditional ecological knowledge sharing, and more. 8 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.