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Sequoyah Fund Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Economic Development (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$2.64M (2023)

Expenses
$1.75M (2023)

Total Assets
$11.5M (2023)

Total Liabilities
$1.1M (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,636,239
Expenses
$1,747,904
Net Income
$888,335
Net Assets
$10,396,336
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,120,444
80.4%
Program Services $533,681
20.2%
Investment Income $20,275
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$38,571
Net Inventory Sales $0
Other Revenue $410
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $300,435
17.2%
Professional Fundraising Fees $0
Other Salaries and Wages $551,160
31.5%
Assets/Debt
Total Assets $11,495,161
Total Liabilities $1,098,825
Net Assets $10,396,336
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Russ Seagle (Executive Di) $149,416 $0 $28,131
Amber H Huskey (Coo) $103,923 $0 $17,301
Ashford Smith (Cfo) $57,808 $0 $3,808
Tonya Carroll (Secretary) $7,219 $0 $0
Jimmy Burns (Treasurer) $6,600 $0 $0
Julie E Painter (Board Member) $6,040 $0 $0
Keyonna Hornbuckle (Board Member) $5,800 $0 $0
Ray Rose (Vice Preside) $5,600 $0 $0
Maggie Jackson (Board Member) $5,500 $0 $0
Bradley Letts (Board Member) $5,500 $0 $0
M Eddie Swimmer (President) $4,100 $0 $0
Megan Brown (Board Member) $4,000 $0 $0
Michell Hicks (Board Member) $2,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,001,520
Expenses
$1,580,932
Net Income
-$579,412
Net Assets
$9,496,350
Notable Sources of Revenue Percent of Total Revenue
Contributions $425,807
42.5%
Program Services $552,998
55.2%
Investment Income $19,913
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,802
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $168,972
10.7%
Professional Fundraising Fees $0
Other Salaries and Wages $376,344
23.8%
Assets/Debt
Total Assets $10,921,580
Total Liabilities $1,425,230
Net Assets $9,496,350
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Russ Seagle (Executive Di) $157,829 $0 $11,143
Julie Extine Painter (Board Member) $7,150 $0 $0
Michell Hicks (Board Member) $6,700 $0 $0
Ray Rose (Vice Preside) $6,600 $0 $0
Tonya Carroll (Secretary) $6,600 $0 $0
Keyonna Hornbuckle (Board Member) $6,600 $0 $0
Megan Brown (Board Member) $6,500 $0 $0
Maggie Jackson (Board Member) $6,500 $0 $0
Eddie Swimmer (President) $6,000 $0 $0
Jimmy Burns (Treasurer) $6,000 $0 $0
Bradley Letts (Board Member) $5,700 $0 $0
Bruce Martin Jr (Brd Mber Thr) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,285,697
Expenses
$787,716
Net Income
$1,497,981
Net Assets
$10,040,434
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,820,447
79.6%
Program Services $446,475
19.5%
Investment Income $13,526
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,249
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $205,661
26.1%
Professional Fundraising Fees $0
Other Salaries and Wages $230,905
29.3%
Assets/Debt
Total Assets $11,859,875
Total Liabilities $1,819,441
Net Assets $10,040,434
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Russ Seagle (Executive Di) $135,250 $0 $20,911
Yona Wade (President) $6,000 $0 $0
Eddie Swimmer (Vice Preside) $6,000 $0 $0
Jimmy Burns (Treasurer) $6,000 $0 $0
Tonya Carroll (Secretary) $6,000 $0 $0
Michell Hicks (Board Member) $6,000 $0 $0
Bradley Letts (Board Member) $6,000 $0 $0
Ray Rose (Board Member) $6,000 $0 $0
Emily Breedlove (Treasurer Th) $4,500 $0 $0
Bruce Martin Jr (Board Member) $3,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,512,849
Expenses
$1,061,720
Net Income
$1,451,129
Net Assets
$8,553,402
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,112,500
84.1%
Program Services $369,486
14.7%
Investment Income $16,408
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $14,455
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $199,867
18.8%
Professional Fundraising Fees $0
Other Salaries and Wages $253,896
23.9%
Assets/Debt
Total Assets $9,594,111
Total Liabilities $1,040,709
Net Assets $8,553,402
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Russ Seagle (Executive Di) $125,320 $0 $8,935
Emily Breedlove (Treasurer) $17,012 $0 $0
Bradley Letts (Board Member) $6,300 $0 $0
Nancy Martin (Board Member) $6,300 $0 $0
Yona Wade (President) $6,000 $0 $0
Jimmy Burns (Vice Preside) $6,000 $0 $0
Tonya Carroll (Secretary) $6,000 $0 $0
Michell Hicks (Board Member) $6,000 $0 $0
Ray Rose (Board Member) $6,000 $0 $0
Eddie Swimmer (Board Member) $6,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,776,825
Expenses
$954,225
Net Income
$822,600
Net Assets
$7,098,984
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,381,875
77.8%
Program Services $384,284
21.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $450
0.0%
Net Inventory Sales $0
Other Revenue $10,216
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $202,592
21.2%
Professional Fundraising Fees $0
Other Salaries and Wages $208,737
21.9%
Assets/Debt
Total Assets $8,029,861
Total Liabilities $930,877
Net Assets $7,098,984
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Russ Seagle (Executive Di) $124,950 $0 $20,576
Emily Breedlove (Treasurer) $7,725 $0 $0
John L Burgess (President) $6,450 $0 $0
Nancy Martin (Board Member) $6,450 $0 $0
Brad Letts (Board Member) $6,300 $0 $0
Yona Wade (Vice Preside) $6,100 $0 $0
Tonya Carroll (Secretary) $6,040 $0 $0
Jimmy Burns (Board Member) $6,000 $0 $0
Michell Hicks (Board Member) $6,000 $0 $0
Eddie Swimmer (Board Member) $6,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,575,379
Expenses
$931,510
Net Income
$643,869
Net Assets
$6,276,384
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,165,500
74.0%
Program Services $411,933
26.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $240
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$2,294
Notable Expenses Percent of Total Expenses
Executive Compensation $184,002
19.8%
Professional Fundraising Fees $0
Other Salaries and Wages $159,178
17.1%
Assets/Debt
Total Assets $7,251,217
Total Liabilities $974,833
Net Assets $6,276,384
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Russ Seagle (Executive Di) $120,420 $0 $12,546
Emily Breedlove (Treasurer) $6,662 $0 $0
Nancy Martin (Board Member) $6,575 $0 $0
John L Burgess (President) $6,450 $0 $0
Yona Wade (Vice Preside) $6,320 $0 $0
Richard Sneed Sr (Secretary) $6,000 $0 $0
Jimmy Burns (Board Member) $6,000 $0 $0
Brad Letts (Board Member) $6,000 $0 $0
Nathan Robinson (Board Member) $6,000 $0 $0
Eddie Swimmer (Board Member) $1,028 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$847,774
Expenses
$907,530
Net Income
-$59,756
Net Assets
$5,622,787
Notable Sources of Revenue Percent of Total Revenue
Contributions $410,000
48.4%
Program Services $423,858
50.0%
Investment Income $182
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $360
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,374
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $153,762
16.9%
Professional Fundraising Fees $0
Other Salaries and Wages $131,863
14.5%
Assets/Debt
Total Assets $6,662,143
Total Liabilities $1,039,356
Net Assets $5,622,787
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Russ Seagle (Executive Di) $100,928 $0 $13,162
Emily Breedlove (Treasurer) $8,471 $0 $0
John L Burgess (President) $6,600 $0 $0
Edwin R Rose (Board Member) $6,600 $0 $0
Richard Sneed Sr (Secretary) $6,000 $0 $0
Nathan Robinson (Board Member) $6,000 $0 $0
Yona Wade (Board Member) $6,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,038,574
Expenses
$641,341
Net Income
$397,233
Net Assets
$5,682,543
Notable Sources of Revenue Percent of Total Revenue
Contributions $620,000
59.7%
Program Services $310,447
29.9%
Investment Income $893
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $420
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $15,096
1.5%
Other Revenue $91,718
8.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $211,326
33.0%
Professional Fundraising Fees $0
Other Salaries and Wages $77,313
12.1%
Assets/Debt
Total Assets $6,827,499
Total Liabilities $1,144,956
Net Assets $5,682,543
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Russ Seagle (Executive Di) $98,551 $0 $19,285
Michael Bruce (Finance Dire) $34,666 $0 $0
Edwin R Rose (Board Member) $15,864 $0 $0
Emily Breedlove (Treasurer) $13,410 $0 $0
John L Burgess (Vice Preside) $6,600 $0 $0
Richard Sneed Sr (Secretary) $6,000 $0 $0
Nathan Robinson (Board Member) $6,000 $0 $0
Yona Wade (Board Member) $6,000 $0 $0
Ellison Rudd (President) $4,950 $0 $0
Joseph Lakatos (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,552,224
Expenses
$1,197,816
Net Income
$354,408
Net Assets
$5,285,310
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000,000
64.4%
Program Services $270,165
17.4%
Investment Income $832
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $63,774
4.1%
Other Revenue $217,453
14.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $186,160
15.5%
Professional Fundraising Fees $0
Other Salaries and Wages $148,299
12.4%
Assets/Debt
Total Assets $6,399,850
Total Liabilities $1,114,540
Net Assets $5,285,310
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Russ Seagle (Executive Di) $98,551 $0 $16,901
Edwin R Rose (Board Member) $41,008 $0 $0
Ellison Rudd (President) $6,600 $0 $0
John L Burgess (Vice Preside) $6,600 $0 $0
Richard Sneed Sr (Secretary) $6,000 $0 $0
Nathan Robinson (Board Member) $6,000 $0 $0
Emily Breedlove (Treasurer) $1,500 $0 $0
Joseph Lakatos (Board Member) $1,500 $0 $0
Yona Wade (Board Member) $1,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$329,891
Expenses
$686,597
Net Income
-$356,706
Net Assets
$4,979,981
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $266,130
80.7%
Investment Income $776
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $59,962
18.2%
Other Revenue $3,023
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $160,634
23.4%
Professional Fundraising Fees $0
Other Salaries and Wages $201,797
29.4%
Assets/Debt
Total Assets $6,074,840
Total Liabilities $1,094,859
Net Assets $4,979,981

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$724,029
Expenses
$993,203
Net Income
-$269,174
Net Assets
$6,166,807
Notable Sources of Revenue Percent of Total Revenue
Contributions $362,710
50.1%
Program Services $311,623
43.0%
Investment Income $1,462
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $43,070
5.9%
Other Revenue $5,164
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $206,164
20.8%
Professional Fundraising Fees $0
Other Salaries and Wages $200,569
20.2%
Assets/Debt
Total Assets $7,614,526
Total Liabilities $1,447,719
Net Assets $6,166,807

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$558,151
Expenses
$1,512,999
Net Income
-$954,848
Net Assets
$6,435,981
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $511,332
91.6%
Investment Income $2,613
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $28,678
5.1%
Other Revenue $15,528
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $156,701
10.4%
Professional Fundraising Fees $0
Other Salaries and Wages $171,305
11.3%
Assets/Debt
Total Assets $8,003,129
Total Liabilities $1,567,148
Net Assets $6,435,981

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,261,010
Expenses
$867,046
Net Income
$393,964
Net Assets
$6,777,510
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000,000
79.3%
Program Services $255,310
20.2%
Investment Income $4,696
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,004
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $130,553
15.1%
Professional Fundraising Fees $0
Other Salaries and Wages $125,866
14.5%
Assets/Debt
Total Assets $8,519,971
Total Liabilities $1,742,461
Net Assets $6,777,510

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,517,365
Expenses
$1,178,777
Net Income
$338,588
Net Assets
$6,383,546
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,241,004
81.8%
Program Services $267,352
17.6%
Investment Income $7,516
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,493
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $126,053
10.7%
Professional Fundraising Fees $0
Other Salaries and Wages $120,834
10.3%
Assets/Debt
Total Assets $8,124,700
Total Liabilities $1,741,154
Net Assets $6,383,546

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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