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The Sequoyah Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311619784 ✦ Cherokee, NC ✦ Designated as a 501(c)(3)

Overview

What is The Sequoyah Fund Inc?

The Sequoyah Fund Inc is a nonprofit organization dedicated to fostering economic and social development within the Eastern Band of Cherokee Indians. Located in Cherokee, North Carolina, this organization operates primarily in the seven far western counties of North Carolina and on the Qualla Boundary. Its mission is multifaceted, encompassing support for new business ventures, business expansion, and overall community development. The Sequoyah Fund Inc provides essential business training and technical assistance to local entrepreneurs through workshops and classes, aiming to empower and uplift the community. With a workforce of nine dedicated individuals, this nonprofit organization plays a significant role in the economic growth and social improvement of the Eastern Band of Cherokee Indians.


Official website here: www.sequoyahfund.org

Is The Sequoyah Fund Inc legitimate?

The Sequoyah Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Sequoyah Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $168,972
Professional Fundraising Fees: $0
Other Salaries and Wages: $376,344

For more financial information, click here


Official website here: www.sequoyahfund.org

What is the mission statement of The Sequoyah Fund Inc?

The Sequoyah Fund Inc is dedicated to promoting economic and social improvement for the Eastern Band of Cherokee Indians. To achieve this, the organization supports new business start-ups, encourages business expansion, and contributes to overall community development in specific regions. In addition, they provide business training and technical assistance to entrepreneurs through workshops and classes.


Official website here: www.sequoyahfund.org

Who is the CEO of The Sequoyah Fund Inc?

Eddie Swimmer is the President of The Sequoyah Fund Inc.


Official website here: www.sequoyahfund.org

What is the revenue of The Sequoyah Fund Inc?

The Sequoyah Fund Inc's revenue in 2022 was $1,001,520.


Official website here: www.sequoyahfund.org

Who are the executives of The Sequoyah Fund Inc and what are their salaries?

The average compensation at The Sequoyah Fund Inc during 2022 was $60,591. There are 9 employees and 10 volunteers at The Sequoyah Fund Inc.

Here are 12 key members and their salaries:

    Russ Seagle (Executive Di)
  • Compensation: $157,829
  • Related: $0
  • Other: $11,143

    • Julie Extine Painter (Board Member) [Trustee/Director]
  • Compensation: $7,150
  • Related: $0
  • Other: $0

    • Michell Hicks (Board Member) [Trustee/Director]
  • Compensation: $6,700
  • Related: $0
  • Other: $0

    • Ray Rose (Vice Preside) [Trustee/Director]
  • Compensation: $6,600
  • Related: $0
  • Other: $0

    • Tonya Carroll (Secretary) [Trustee/Director]
  • Compensation: $6,600
  • Related: $0
  • Other: $0

    • Keyonna Hornbuckle (Board Member) [Trustee/Director]
  • Compensation: $6,600
  • Related: $0
  • Other: $0

    • Megan Brown (Board Member) [Trustee/Director]
  • Compensation: $6,500
  • Related: $0
  • Other: $0

    • Maggie Jackson (Board Member) [Trustee/Director]
  • Compensation: $6,500
  • Related: $0
  • Other: $0

    • Eddie Swimmer (President) [Trustee/Director]
  • Compensation: $6,000
  • Related: $0
  • Other: $0

    • Jimmy Burns (Treasurer) [Trustee/Director]
  • Compensation: $6,000
  • Related: $0
  • Other: $0

    • Bradley Letts (Board Member) [Trustee/Director]
  • Compensation: $5,700
  • Related: $0
  • Other: $0

    • Bruce Martin Jr (Brd Mber Thr) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.sequoyahfund.org

    Where can I find the form 990 for The Sequoyah Fund Inc?

    The The Sequoyah Fund Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.sequoyahfund.org

    Learn more at the official website: www.sequoyahfund.org

    Mission Statement of The Sequoyah Fund Inc

    The Sequoyah Fund Inc is committed to fostering economic and social growth within the Eastern Band of Cherokee Indians. This nonprofit organization plays a significant role in supporting new business ventures, facilitating business expansion, and promoting overall community development in the seven far western counties of North Carolina and on the Qualla Boundary. To further empower the community, The Sequoyah Fund Inc offers business training and technical assistance to entrepreneurs through workshops and classes. By providing these resources, the organization aims to equip local business owners with the necessary skills and knowledge to thrive and contribute to the overall betterment of their community.

    Impact

    This information is meant to be a general summary of The Sequoyah Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Sequoyah Fund Inc has a significant impact on the economic and social improvement of the Eastern Band of Cherokee Indians. By supporting new business start-ups, business expansion, and overall community development in the seven far western counties of North Carolina and on the Qualla Boundary, the organization plays a vital role in fostering economic growth and sustainability in the region. Additionally, by providing business training and technical assistance to business owners through workshops and classes, The Sequoyah Fund Inc is actively empowering individuals and strengthening the local economy. Overall, the organization's efforts contribute to the enhancement of the quality of life and well-being of the Eastern Band of Cherokee Indians community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $19,913
  • Program Service Revenue: $552,998
  • Gross Receipts: $1,001,520

    • Assets and Liabilities:
  • Total Assets: $10,921,580
  • Total Liabilities: $1,425,230
  • Net Assets: $9,496,350
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST ON LOANS

    Revenue

    $360,153

    LOAN FEES

    Revenue

    $65,993

    TRAINING PROGRAMS

    Revenue

    $55,342

    SALES ART MARKET AND FASHION

    Revenue

    $46,325

    TICKET SALES

    Revenue

    $9,938

    Organization Details

    Founding Year

    1998

    Principal Officer

    Eddie Swimmer

    Main Address

    PO BOX 1200, CHEROKEE, NC, 28719

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of The Sequoyah Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.