Nonprofit · EIN 54-1970097
OWEESTA CORPORATION
Tax-exempt · LONGMONT, CO 80501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $19,066,595 | $11,086,330 | $7,980,265 | $117,750,208 | $82,611,927 | $35,138,281 |
| June 30, 2024 | 990 | $16,385,342 | $12,306,007 | $4,079,335 | $98,925,404 | $71,767,388 | $27,158,016 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $17,041,574
- of which government grants
- $5,875,874
- Program service revenue
- $1,772,842
- Investment income
- $252,179
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,140,834
- Compensation of officers, directors and key employees
- $584,418
- Other salaries and wages
- $2,321,068
- Salaries, compensation and benefits (total)
- $3,515,441
- Professional fundraising fees
- $0
- Occupancy
- $7,370
- Travel
- $311,670
- Program services (functional)
- $8,945,214
- Management and general (functional)
- $1,702,775
- Fundraising (functional)
- $438,341
Balance sheet and other
- Total assets, start of year
- $98,925,404
- Total assets, end of year
- $117,750,208
- Total liabilities, end of year
- $82,611,927
- Net assets, end of year
- $35,138,281
- Publicly traded securities
- $460,182
- Net assets without donor restrictions
- $31,286,796
- Net assets with donor restrictions
- $3,851,485
- Gross receipts
- $19,066,595
- Employees
- 27
- Volunteers
- 6
- Year formed
- 1999
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRYSTEL CORNELIUS | CEO Officer | 40 | $255,487 | $17,468 |
| FLORENCE LUDKA | CFO Officer | 40 | $243,337 | $19,051 |
| HEATHER TAYLOR | COO Highest-paid employee | 40 | $186,249 | $17,450 |
| JAMIE OLSON | DIRECTOR OF Highest-paid employee | 40 | $126,614 | $15,747 |
| DEBBIE POWERS | ACCOUNTANT Highest-paid employee | 40 | $120,784 | $3,956 |
| ALEXANDRA SHAUGHNESSY | DIR INVESTME Highest-paid employee | 40 | $104,306 | $15,101 |
| ROBIN DANNER | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DEREK VALDO | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| SUSAN HAMMOND | SECRETARY/TR Trustee or director, Officer | 2 | $0 | $0 |
| JEFF BOWMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| FRAN LUTZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RODGER BOYD | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRYSTEL CORNELIUS | EXECUTIVE DI Officer | 40 | $213,527 | $16,841 |
| FLORENCE LUDKA | CFO Officer | 40 | $200,342 | $17,476 |
| FERN ORIE | COO Highest-paid employee | 40 | $140,205 | $10,914 |
| DANIEL SHARP | DIRECTOR OF Highest-paid employee | 40 | $111,764 | $12,417 |
| HEATHER TAYLOR | DIR OF PROGR Highest-paid employee | 40 | $105,668 | $12,556 |
| LANALLE SMITH | SR PRGM OFFI Highest-paid employee | 40 | $101,409 | $14,707 |
| DEBBIE POWERS | ACCOUNTANT Highest-paid employee | 40 | $105,006 | $3,749 |
| ROBIN DANNER | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DEREK VALDO | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| SUSAN HAMMOND | SECRETARY/TR Trustee or director, Officer | 2 | $0 | $0 |
| JEFF BOWMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| FRAN LUTZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RODGER BOYD | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2432 MAIN ST 1ST FLOOR, LONGMONT, CO 80501-1101
- In care of
- % FNDI
- Principal officer (990 for 2024)
- FLORENCE LUDKA, 2432 MAIN STREET 1ST FLOOR, LONGMONT, CO 80501
- Signed the 990
- FLORENCE LUDKA, CFO
- Phone
- (303) 774-8838
- Website
- WWW.OWEESTA.ORG
- Return prepared by
- KUNDINGER CORDER & MONTOYA PC
Mission
OWEESTA CORPORATION ("OWEESTA") SUPPORTS ECONOMIC GROWTH IN NATIVE AMERICAN COMMUNITIES THROUGH THE CREATION, DEVELOPMENT AND CAPITALIZATION OF COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS.
Program accomplishments
- INSITUTIONAL DEVELOPMENT - THE PRIMARY GOAL IS TO HELP CREATE, DEVELOP, EXPAND AND STRENGTHEN NATIVE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). ACTIVITIES REFLECT THE PROVISION OF REGIONAL AND LOCAL CDFI WORKSHOPS, PARTICIPATION AND ATTENDANCE AT OTHER INDUSTRY CONFERENCES, PARTICIPATION ON THE CDFI COALITION, AND FOLLOW-UP OUTREACH, TECHNICAL ASSISTANCE AND TRAINING TO TRIBES WHO HAVE EXPRESSED AN INTEREST IN OR ARE IN THE PROCESS OF FORMING A CDFI.Expenses $7,705,797 · grants $2,140,834 · revenue $574,559
- LENDING AND OTHER - OWEESTA PROVIDES CAPITALIZATION TO QUALIFYING ORGANIZATIONS, ENABLING THEM TO REINVEST THE CAPITAL BACK INTO THEIR COMMUNITIES AND PROGRAMS AND/OR TO USE AS LEVERAGE TO ATTRACT OTHER CAPITAL. OWEESTA MAKES LOANS TO VARIOUS TYPES OF NATIVE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS SUCH AS SMALL BUSINESS LOAN FUNDS AND CREDIT ASSOCIATIONS TO MAKE CONSUMER, BUSINESS AND HOUSING LOANS. OWEESTA ALSO LENDS TO HOUSING LOAN FUNDS FOR CAPITALIZING CONSTRUCTION LOAN FUNDS OR FOR MORTGAGE LENDING.Expenses $1,239,417 · revenue $1,198,283
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1970097
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $117,750,208
- Income (IRS master file)
- $19,066,595
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $19,066,595 | $11,086,330 | $117,750,208 | XML |
| 990 | June 2024 | $16,385,342 | $12,306,007 | $98,925,404 | XML |
| 990 | June 2023 | $11,519,423 | $7,536,427 | $81,341,285 | IRS |
| 990 | June 2022 | $8,550,611 | $6,993,861 | $63,460,575 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1970097).
Questions about OWEESTA CORPORATION
- What is the EIN of OWEESTA CORPORATION?
- The employer identification number (EIN) of OWEESTA CORPORATION is 54-1970097.
- Is OWEESTA CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to OWEESTA CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OWEESTA CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OWEESTA CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OWEESTA CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of OWEESTA CORPORATION?
- The 990 for the year ended June 30, 2025 names FLORENCE LUDKA.
- Who are the officers and directors of OWEESTA CORPORATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 6 received compensation from the organization, the highest $255,487 (CHRYSTEL CORNELIUS, CEO).
- How much revenue does OWEESTA CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $19,066,595, expenses of $11,086,330 and total assets of $117,750,208 at year end.
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