Tapestry Institute

What it reported doing in 2024

Tapestrys IKhana Fund team had met in May 2023 to continue planning a Land-based program of support for Indigenous Knowledge and during the fiscal year that followed this we Tapestry staff started major research and writing to develop three reports about the insights that emerged during that meeting. These reports reach out to funders of the dominant culture who want to support Indigenous projects that improve the health and well-being of everything from city parks and waterways to wilderness areas and scenic rivers -- and the healthy well-being of all the people who engage with these places too. But funders from the dominant culture often dont understand the Indigenous people theyre trying to engage and support in mutually beneficial ways. So they have a hard time knowing how to proceed when trying to establish collaborative relationships with Indigenous communities. The reports from our second IKhana Fund meeting explain certain fundamentals of Indigenous ways that can help non-Indigenous allies better understand and relate with us to our mutual benefit. In addition to this the variety of different ways of knowing and learning that Indigenous people still use are valuable to every person and the impact of people remembering how to learn this way benefits the planet itself. Those ways of knowing and learning which are used and explained in the 2023 report publications reconnect even metropolitan urbanites with the outdoors in ways that are essential to the mutual health and well-being of both people and places. By the end of the 2024 fiscal year rough drafts of all three reports had been written and the first two were being finalized for publication in early 2025. Each of those first two reports is about 50,000 words long and contains original photos taken by Tapestry staff.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 95.7%; rating input score 96
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: 0 of 8 controls in place; rating input score 0
  • Claims monitoring procedures: Fail
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 66.7%; rating input score 67; 18th percentile among comparable filings
• Governance controls: 1 of 8 controls in place; rating input score 12
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Fail
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -22%; rating input score 13; 13th percentile among comparable filings
• Total-asset coverage ratio: 6.61; rating input score 84; 84th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 47%; rating input score 4; 4th percentile among comparable filings

Growth

• Program expense growth: -154.4% per year; rating input score 0; 0th percentile among comparable filings
• Revenue growth: -162.3% per year; rating input score 0; 0th percentile among comparable filings
• Asset growth: -4.6% per year; rating input score 0; 11th percentile among comparable filings