WHITE EARTH INVESTMENT INITIATIVE
516 MAIN STREET, OGEMA, MN 56569 www.whiteearthinvestmentinitiative.com

Total Revenue
$505,478
Total Expenses
$461,074
Net Assets
$4,818,275

Organizations Filed Purposes: TO ENGAGE IN COMMUNITY, ECONOMIC AND HOUSING DEVELOPMENT ON THE WHITE EARTH INDIAN RESERVATION, WITH THE AIM OF ALLEVIATING POVERTY AND ENHANCING THE STANDARD OF LIVING FOR RESIDENTS THERE.

BUSINESS LOAN FUND - THE WHITE EARTH INVESTMENT INITIATIVE ENGAGES IN COMMUNITY ECONOMIC DEVELOPMENT SERVICES, TARGETING RESIDENTS OF THE WHITE EARTH RESERVATION AND OTHER NATIVE AMERICANS STATEWIDE. IN 2018, 11 COMMERCIAL LOANS TOTALING $850,433 WERE PROVIDED FOR NATIVE COMMUNITY BUSINESSES AND FACILITIES.

DEVELOPMENT SERVICES - WEII OFFERS HOMEBUYER EDUCATION, HOUSING COUNSELING AND TAXPAYER ASSISTANCE TO RESIDENTS OF THE WHITE EARTH RESERVATION AND SURROUNDING COMMUNITIES TO SUPPORT FINANCIAL LITERACY AND ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND SERVICES. IN 2018, 403 TAX RETURNS WERE FILED FREE OF CHARGE THROUGH THE TAX PREPARATION PROGRAM. THIRTY HOUSEHOLDS PARTICIPATED IN HOMEBUYER EDUCATION CLASSES AND COUNSELING AND AN ADDITIONAL NINE HOUSEHOLDS COMPLETED FINANCIAL EDUCATION, HELPING TO PREPARE THEM FOR ASSET-BUILDING THROUGH HOMEOWNERSHIP.

CONSUMER LOAN FUND - 204 CONSUMER LOANS TOTALING $565,513 WERE CLOSED IN 2018. THE VAST MAJORITY WERE NATIVE AMERICAN CLIENTS LIVING WITHIN THE BOUNDARIES OF THE WHITE EARTH RESERVATION. COMMON USES OF FUNDS INCLUDED DEBT CONSOLIDATION, CAR REPAIR OR PURCHASE, CHRISTMAS AND SCHOOL LOANS, AND BILL PAYMENT. CONSUMERS MAY FACE BARRIERS TO MAINSTREAM CREDIT AND MAY HAVE TOO MUCH DEBT, HAVE DEBT THAT IS POORLY STRUCTURED OR MAY HAVE PROBLEMS MANAGING THEIR DEBT; FAVORABLE TERMS MAY INCLUDE LOWER-THAN STANDARD DOWN-PAYMENT, HIGHER LOAN-TO-VALUE RATIO, ETC.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Dan StevensDIRECTOR0.5$1,750
Dean JohnsonSECRETARY0.5$1,750
Doug FabreDIRECTOR0.5$1,500
Joan LavoyDIRECTOR0.5$750
Kevin ShipleyCHIEF EXECUTIVE OFFICER5$0
Arlen KangasBOARD CHAIRMAN2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201943189349303674_public.xml