First Peoples Fund

What it reported doing in 2024

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.

Financial Efficiency

• Mission deployment rate: 60.3%; rating input score 60
• Program expense ratio: 77%; rating input score 77
• Fundraising efficiency: $64.15 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 22.9%; rating input score 79; 79th percentile among comparable filings
• Total-asset coverage ratio: 2.27; rating input score 66; 66th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 89; 89th percentile among comparable filings
• Officer compensation ratio: 13.9%; rating input score 21; 21st percentile among comparable filings

Growth

• Program expense growth: 14.9% per year; rating input score 100; 77th percentile among comparable filings
• Revenue growth: 15.9% per year; rating input score 100; 83rd percentile among comparable filings
• Asset growth: 21.2% per year; rating input score 100; 85th percentile among comparable filings