Civic Intelligence

Alaska Charr Educational Fund Inc.

990 • Fiscal year 2016 • EIN 06-1663010

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 16, 2016

1503 W 31st Ave Suite 202Anchorage, AK 99503

(907) 274-8133

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.08x

Higher debt load relative to assets than 75% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

81st percentile

0.10x

Higher debt load relative to revenue than 81% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

62nd percentile

8.9%

Higher net margin than 62% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

61st percentile

8.7%

Faster asset growth than 61% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

65th percentile

11%

Faster revenue growth than 65% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$186,185

Up $14,966 (+8.7%) from 2015

Net Assets

Up

$170,854

Up $13,343 (+8.5%) from 2015

Liabilities

Up

$15,331

Up $1,623 (+12%) from 2015

Revenue

Up

$150,234

Up $15,425 (+11%) from 2015

Expenses

Down

$136,891

Down $15,847 (-10%) from 2015

Net Income

Up

$13,343

Up $31,272 (+174%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2011: $188,602Liabilities 2011: $627Net Assets 2011: $187,9752011Assets 2012: $191,919Liabilities 2012: $307Net Assets 2012: $191,6122012Assets 2013: $201,870Liabilities 2013: $503Net Assets 2013: $201,3672013Assets 2014: $182,075Liabilities 2014: $2,480Net Assets 2014: $179,5952014Assets 2015: $171,219Liabilities 2015: $13,708Net Assets 2015: $157,5112015Assets 2016: $186,185Liabilities 2016: $15,331Net Assets 2016: $170,8542016Assets 2017: $207,221Liabilities 2017: $20,120Net Assets 2017: $187,1012017Assets 2018: $216,605Liabilities 2018: $27,940Net Assets 2018: $188,6652018Assets 2019: $238,760Liabilities 2019: $20,023Net Assets 2019: $218,7372019Assets 2020: $171,806Liabilities 2020: $0Net Assets 2020: $171,8062020Assets 2021: $220,522Liabilities 2021: $3,196Net Assets 2021: $217,3262021Assets 2022: $221,500Liabilities 2022: $3,757Net Assets 2022: $217,7432022Assets 2023: $304,695Liabilities 2023: $74,405Net Assets 2023: $230,2902023Assets 2024: $287,261Liabilities 2024: $41,719Net Assets 2024: $245,5422024

Highlighted filing

2016

Assets$186,185
Liabilities$15,331
Net Assets$170,854

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2011: $142,457Expenses 2011: $122,373Net Income 2011: $20,0842011Revenue 2012: $111,356Expenses 2012: $107,219Net Income 2012: $4,1372012Revenue 2013: $148,049Expenses 2013: $139,542Net Income 2013: $8,5072013Revenue 2014: $152,457Expenses 2014: $173,979Net Income 2014: -$21,5222014Revenue 2015: $134,809Expenses 2015: $152,738Net Income 2015: -$17,9292015Revenue 2016: $150,234Expenses 2016: $136,891Net Income 2016: $13,3432016Revenue 2017: $119,388Expenses 2017: $103,141Net Income 2017: $16,2472017Revenue 2018: $69,104Expenses 2018: $0Net Income 2018: $69,1042018Revenue 2019: $86,100Expenses 2019: $56,497Net Income 2019: $29,6032019Revenue 2020: $35,684Expenses 2020: $84,800Net Income 2020: -$49,1162020Revenue 2021: $145,040Expenses 2021: $99,520Net Income 2021: $45,5202021Revenue 2022: $105,342Expenses 2022: $104,925Net Income 2022: $4172022Revenue 2023: $308,226Expenses 2023: $295,678Net Income 2023: $12,5482023Revenue 2024: $146,609Expenses 2024: $143,199Net Income 2024: $3,4102024

Highlighted filing

2016

Revenue$150,234
Expenses$136,891
Net Income$13,343
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 16, 2016
Return Version
2015v3.0
Gross Receipts
$203,838
Mission and Program Overview

Mission

To encourage and assist qualified persons in developing a career in the alaska hospitality industry through financial assistance, continuing education, on-the-job training, mentoring and job placement.

To encourage and assist qualified persons in developing a career in the alaska hospitality industry through financial assistance, continuing education, on the job training, mentoring and job placement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$160,654$176,429▲ $15,775
Inventories for Sale or Use$3,233$5,632▲ $2,399
Accounts Receivable$5,200$2,550▼ $2,650
Land, Buildings, and Equipment, Net$2,132$1,574▼ $558
Total Assets$171,219$186,185▲ $14,966
Liabilities
Accounts Payable and Accrued Expenses$13,708$15,331▲ $1,623
Total Liabilities$13,708$15,331▲ $1,623
Net Assets / Fund Balance
Unrestricted Net Assets$157,511$170,854▲ $13,343
Total Net Assets Fund Balance$157,511$170,854▲ $13,343
Total Liabilities and Net Assets / Fund Balance$171,219$186,185▲ $14,966

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,574$3,312$4,886
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chip DugganPresident
Alicia MaltbyDirector
Dick EllsworthDirector
Glenn BradyDirector
Stan SelmanDirector
Sara BridgesTreasurer
Jodi BlakleyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$116,141
Program Service Revenue
$2,320
Investment Income
$65
Other Revenue
$31,708
All Other Contributions
$92,403
Change in Net Assets
$13,343
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$55,518
Salaries, Compensation, and Employee Benefits$54,623
Grants and Similar Amounts Paid$26,750
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$48,370--$48,370
Grants to Domestic Individuals$26,750--$26,750
Payroll Taxes$4,220--$4,220
All Other Expenses$2,301$1,157-$3,458
Office Expenses-$3,141-$3,141
Fees for Services Accounting-$2,523-$2,523
Other Expenses$2,506--$2,506
Fees for Services Other-$2,500-$2,500
Other Employee Benefits$2,033--$2,033
Depreciation Depletion$469$89-$558
Total Functional Expenses$127,481$9,410$0$136,891
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$46,950
Fundraising Direct Expenses$41,997
Fundraising Gross Income$38,362
Gaming Direct Expenses$11,607
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raffle$25,900$25,900$1,644$24,256
Golf Tournament$36,200$12,462$19,306$-6,844
Total Events$62,100$38,362$41,997$-3,635
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is distributed to any board member if it is requested.

Form 990, Page 6, Part VI, Line 12C

Before each meeting, members acknowledge any conflicts of interest with a written statement.

Form 990, Page 6, Part VI, Line 19

All public documents are made available as stated in the bylaws, and in accordance with alaska statute 10.20.131.

Filing and Contact Details

Filer

Filer Name
Alaska Charr Education Fund Inc
EIN
06-1663010
Phone
9072748133
Address
1503 W 31ST AVE SUITE 202, ANCHORAGE, AK 99503

Signing Officer

Name
Sara Bridges
Title
Treasurer
Phone
9072748133
Signed
2016-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chip Duggan
Formed
2003
Legal Domicile
Ak
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
75

Preparer

Firm
BLANK & SMITH CPA'S
Address
2600 DENALI ST STE 410, ANCHORAGE, AK 99503-2746
Preparer
Wayne Blank
Phone
9075627170
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04886
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01574
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt023738
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt023738
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt041997
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0RAFFLE
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02490
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02490
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt025900
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt012462
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-3635
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IRS990ScheduleG/GamingInformationGrp/GrossRevenuePullTabsAmt046950
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IRS990ScheduleG/GamingWithNonmembersInd0true
IRS990ScheduleG/IndividualWithBooksNm0ALASKA CHARR
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IRS990ScheduleG/ThirdPartyPersonNm0ALASKA HOTEL LODGING ASSN
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IRS990ScheduleG/ThirdPartyUSAddress/CityNm0ANCHORAGE
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt026750
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS DISTRIBUTED TO ANY BOARD MEMBER IF IT IS REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BEFORE EACH MEETING, MEMBERS ACKNOWLEDGE ANY CONFLICTS OF INTEREST WITH A WRITTEN STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL PUBLIC DOCUMENTS ARE MADE AVAILABLE AS STATED IN THE BYLAWS, AND IN ACCORDANCE WITH ALASKA STATUTE 10.20.131.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0116141
IRS990/TotalEmployeeCnt02
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09410
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0127481
IRS990/TotalFunctionalExpensesGrp/TotalAmt0136891
IRS990/TotalGrossUBIAmt044099
IRS990/TotalLiabilitiesBOYAmt013708
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IRS990/TotalLiabilitiesGrp/EOYAmt015331
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0157511
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IRS990/TotalProgramServiceExpensesAmt0127481
IRS990/TotalProgramServiceRevenueAmt02320
IRS990/TotalRevenueGrp/ExclusionAmt0-11035
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01029
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0150234
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt044099
IRS990/TotalVolunteersCnt075
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0186185
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0157511
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0170854
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.87$0.42$2.46$1.47$1.43$0.03
2023Detailed filing. Detailed filing data is available for this year.$3.05$0.74$2.30$3.08$2.96$0.13
2022Detailed filing. Detailed filing data is available for this year.$2.22$0.04$2.18$1.05$1.05$0.00
2021Detailed filing. Detailed filing data is available for this year.$2.21$0.03$2.17$1.45$1.00$0.46
2020Detailed filing. Detailed filing data is available for this year.$1.72$0.00$1.72$0.36$0.85$0.49
2019Detailed filing. Detailed filing data is available for this year.$2.39$0.20$2.19$0.86$0.56$0.30
2018Summary only. Only limited summary data is available for this year.$2.17$0.28$1.89$0.69$0.00$0.69
2017Detailed filing. Detailed filing data is available for this year.$2.07$0.20$1.87$1.19$1.03$0.16
2016Detailed filing. Detailed filing data is available for this year.$1.86$0.15$1.71$1.50$1.37$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.71$0.14$1.58$1.35$1.53$0.18
2014Summary only. Only limited summary data is available for this year.$1.82$0.02$1.80$1.52$1.74$0.22
2013Summary only. Only limited summary data is available for this year.$2.02$0.01$2.01$1.48$1.40$0.09
2012Summary only. Only limited summary data is available for this year.$1.92$0.00$1.92$1.11$1.07$0.04
2011Summary only. Only limited summary data is available for this year.$1.89$0.01$1.88$1.42$1.22$0.20