Civic Intelligence

Trustees for Alaska Endowment Fund

990 • Fiscal year 2014 • EIN 26-4023792

Oct 01, 2013 to Sep 30, 2014 • Filed on Jul 30, 2015

1026 W 4th AveSuite 20199501

(907) 276-4244

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

89th percentile

41%

Higher net margin than 89% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

74th percentile

12%

Faster asset growth than 74% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$4,307,666

Up $460,290 (+12%) from 2013

Net Assets

Up

$4,307,666

Up $460,290 (+12%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

$237,084

No earlier filing loaded for comparison.

Expenses

Up

$139,027

Up $53,039 (+62%) from 2013

Net Income

$98,057

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $3,508,844Liabilities 2010: $0Net Assets 2010: $3,508,8442010Assets 2011: $3,191,850Liabilities 2011: $79Net Assets 2011: $3,191,7712011Assets 2012: $3,639,739Liabilities 2012: $0Net Assets 2012: $3,639,7392012Assets 2013: $3,847,376Liabilities 2013: $0Net Assets 2013: $3,847,3762013Assets 2014: $4,307,666Liabilities 2014: $0Net Assets 2014: $4,307,6662014Assets 2015: $4,225,807Liabilities 2015: $0Net Assets 2015: $4,225,8072015Assets 2016: $5,675,097Liabilities 2016: $0Net Assets 2016: $5,675,0972016Assets 2017: $6,369,505Liabilities 2017: $55Net Assets 2017: $6,369,4502017Assets 2018: $6,924,065Liabilities 2018: $138Net Assets 2018: $6,923,9272018Assets 2019: $7,006,418Liabilities 2019: $0Net Assets 2019: $7,006,4182019Assets 2020: $6,240,754Liabilities 2020: $0Net Assets 2020: $6,240,7542020Assets 2021: $7,264,957Liabilities 2021: $0Net Assets 2021: $7,264,9572021Assets 2022: $6,512,784Liabilities 2022: $0Net Assets 2022: $6,512,7842022Assets 2023: $6,985,338Liabilities 2023: $9,534Net Assets 2023: $6,975,8042023Assets 2024: $8,148,620Liabilities 2024: $11,300Net Assets 2024: $8,137,3202024

Highlighted filing

2014

Assets$4,307,666
Liabilities$0
Net Assets$4,307,666

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $23,0262010Expenses 2011: $120,7362011Expenses 2012: $86,4442012Expenses 2013: $85,9882013Revenue 2014: $237,084Expenses 2014: $139,027Net Income 2014: $98,0572014Revenue 2015: $164,168Expenses 2015: $447,928Net Income 2015: -$283,7602015Revenue 2016: $1,333,848Expenses 2016: $62,928Net Income 2016: $1,270,9202016Revenue 2017: $399,633Expenses 2017: $335,399Net Income 2017: $64,2342017Revenue 2018: $310,929Expenses 2018: $313,960Net Income 2018: -$3,0312018Revenue 2019: $205,587Expenses 2019: $316,923Net Income 2019: -$111,3362019Revenue 2020: $1,628,343Expenses 2020: $293,972Net Income 2020: $1,334,3712020Revenue 2021: $231,263Expenses 2021: $49,318Net Income 2021: $181,9452021Revenue 2022: -$96,874Expenses 2022: $156,642Net Income 2022: -$253,5162022Revenue 2023: $53,727Expenses 2023: $95,185Net Income 2023: -$41,4582023Revenue 2024: $258,313Expenses 2024: $333,876Net Income 2024: -$75,5632024

Highlighted filing

2014

Revenue$237,084
Expenses$139,027
Net Income$98,057
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Jul 30, 2015
Return Version
2013v4.0
Gross Receipts
$950,136
Mission and Program Overview

Mission

To support the charitable activities, projects and programs of trustees for alaska.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$3,072,788$3,599,378▲ $526,590
Savings and Temporary Cash Investments$764,645$699,463▼ $65,182
Cash and Non-Interest-Bearing Accounts$8,880$8,825▼ $55
Prepaid Expenses and Deferred Charges$1,063$0▼ $1,063
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$3,847,376$4,307,666▲ $460,290
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$3,847,376$4,207,666▲ $360,290
Temporarily Rstr Net Assets$0$100,000▲ $100,000
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$3,847,376$4,307,666▲ $460,290
Total Liabilities and Net Assets / Fund Balance$3,847,376$4,307,666▲ $460,290

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$3,599,378--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$3,847,376$119,700▲ $479,617-$4,307,666
2012$3,639,739-▲ $294,136-$3,847,376
2011$3,191,771-▲ $534,412-$3,639,739
2010$3,508,844-▼ $196,337-$3,191,771
2009$3,054-▲ $477,618-$457,646
Compensation and Service Providers

Board Members and Trustees

NameTitle
James SpitzerPresident
Robert ChildersVice President/secretary
Stephen E CottonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$119,700
Program Service Revenue
$0
Investment Income
$117,384
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$98,057

Audited Revenue Reconciliation

Revenue per Audited Statements
$214,084
Revenue Not Reported on Financial Statements
$23,000
Revenue Not Reported on Form 990
$362,233
Total Revenue per Audited Statements
$576,317
Total Revenue per Form 990
$237,084
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$104,919
Other Expenses$34,108
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$104,919--$104,919
Fees for Service Investment Mgmnt Fees$23,000--$23,000
Fees for Services Accounting$5,683--$5,683
Insurance$3,003--$3,003
Fees for Services Legal$2,272--$2,272
Other Expenses$150--$150
Total Functional Expenses$139,027$0$0$139,027

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$139,027
Expenses per Audited Statements$116,027
Total Expenses per Audited Statements$116,027
Expenses Not Reported on Financial Statements$23,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
92-6010379-501(c)(3)To Support the Mission of Trustees for Alaska.$104,919
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 7A:

Trustees for alaska has the right to appoint the directors of trustees for alaska endowment fund.

FORM 990, PART VI, SECTION A, LINE 7B:

Trustees for alaska has the right to approve any amendments to the articles of bylaws of trustees for alaska endowment fund.

FORM 990, PART VI, SECTION B, LINE 11:

The form 990s for both trustees for alaska and the trustees for alaska endowment fund are reviewed by the full board of trustees for alaska (which includes all members of the board of the trustees for alaska endowment fund) and the executive director of trustees for alaska before filing.

FORM 990, PART VI, SECTION B, LINE 12C:

Each year the board members sign a disclosure statement, and are asked to advise the full board of any changes.

FORM 990, PART VI, SECTION C, LINE 19:

All documents are available for review during regular business hours at the organization's address.

Filing and Contact Details

Filer

EIN
26-4023792
In Care Of
% VICTORIA CLARK
Phone
9072764244

Signing Officer

Name
Stephen E Cotton
Title
Treasurer
Phone
9072764244
Signed
2015-07-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Spitzer
Formed
2008
Legal Domicile
Ak
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Preparer
Key E Getty CPA
Phone
9072764244
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The endowment fund is intended to support the charitable activities, projects and programs of trustees for alaska.

PART X LINE 2:

The Organization applies the provisions of Topic 740 of the FASB Accounting Standards Codification relating to accounting for uncertainty in income taxes. The Organization annually reviews its return and positions taken in accordance with the recognition standards. The Organization believes that it has no uncertain tax positions taken in accordance with the recognition standards that would require disclosure or adjustment in these financial statements.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0119700
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04307666
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IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0479617
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt036499
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03847376
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0294136
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt031444
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03191771
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt020736
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0100000
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt023026
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03054
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0457646
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IRS990ScheduleD/InvestmentExpensesNotIncldAmt023000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0362233
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03599378
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MORGAN STANLEY INVESTMENT ACCT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0362233
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt023000
IRS990ScheduleD/RevenueSubtotalAmt0214084
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUND IS INTENDED TO SUPPORT THE CHARITABLE ACTIVITIES, PROJECTS AND PROGRAMS OF TRUSTEES FOR ALASKA.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Organization applies the provisions of Topic 740 of the FASB Accounting Standards Codification relating to accounting for uncertainty in income taxes. The Organization annually reviews its return and positions taken in accordance with the recognition standards. The Organization believes that it has no uncertain tax positions taken in accordance with the recognition standards that would require disclosure or adjustment in these financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.02321
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IRS990ScheduleD/TotalExpensesPerForm990Amt0139027
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0237084
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0576317
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IRS990ScheduleI/RecipientTable/CashGrantAmt0104919
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT THE MISSION OF TRUSTEES FOR ALASKA.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10TRUSTEES FOR ALASKA
IRS990ScheduleI/RecipientTable/RecipientEIN0926010379
IRS990ScheduleI/RecipientTable/USAddress/AddressLine101026 W 4TH AVENUE
IRS990ScheduleI/RecipientTable/USAddress/City0ANCHORAGE
IRS990ScheduleI/RecipientTable/USAddress/State0AK
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode099501
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF TRUSTEES FOR ALASKA ENDOWMENT FUND IS TO SUPPORT TRUSTEES FOR ALASKA. NO MONITORING OF USE IS NECESSARY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Description of Procedure for Monitoring Use of Funds
IRS990ScheduleI/Total501c3OrgCnt01
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRUSTEES FOR ALASKA HAS THE RIGHT TO APPOINT THE DIRECTORS OF TRUSTEES FOR ALASKA ENDOWMENT FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TRUSTEES FOR ALASKA HAS THE RIGHT TO APPROVE ANY AMENDMENTS TO THE ARTICLES OF BYLAWS OF TRUSTEES FOR ALASKA ENDOWMENT FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990S FOR BOTH TRUSTEES FOR ALASKA AND THE TRUSTEES FOR ALASKA ENDOWMENT FUND ARE REVIEWED BY THE FULL BOARD OF TRUSTEES FOR ALASKA (WHICH INCLUDES ALL MEMBERS OF THE BOARD OF THE TRUSTEES FOR ALASKA ENDOWMENT FUND) AND THE EXECUTIVE DIRECTOR OF TRUSTEES FOR ALASKA BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH YEAR THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT, AND ARE ASKED TO ADVISE THE FULL BOARD OF ANY CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS ARE AVAILABLE FOR REVIEW DURING REGULAR BUSINESS HOURS AT THE ORGANIZATION'S ADDRESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19:
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0926010379
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0AK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SEE STATEMENT
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0ANCHORAGE
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IRS990ScheduleR/PaidEmployeesSharingInd0true
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0TO SERVE THE PUBLIC WITH LEGAL COUNSEL.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R, PART II, LINE 1B, PRIMARY ACTIVITY:
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0104919
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10TRUSTEES FOR ALASKA
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0100000
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03847376
IRS990/TotalAssetsEOYAmt04307666

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.15$0.01$8.14$0.26$0.33$0.08
2023Detailed filing. Detailed filing data is available for this year.$6.99$0.01$6.98$0.05$0.10$0.04
2022Detailed filing. Detailed filing data is available for this year.$6.51$0.00$6.51$0.10$0.16$0.25
2021Detailed filing. Detailed filing data is available for this year.$7.26$0.00$7.26$0.23$0.05$0.18
2020Detailed filing. Detailed filing data is available for this year.$6.24$0.00$6.24$1.63$0.29$1.33
2019Detailed filing. Detailed filing data is available for this year.$7.01$0.00$7.01$0.21$0.32$0.11
2018Detailed filing. Detailed filing data is available for this year.$6.92$0.00$6.92$0.31$0.31$0.00
2017Detailed filing. Detailed filing data is available for this year.$6.37$0.00$6.37$0.40$0.34$0.06
2016Detailed filing. Detailed filing data is available for this year.$5.68$0.00$5.68$1.33$0.06$1.27
2015Detailed filing. Detailed filing data is available for this year.$4.23$0.00$4.23$0.16$0.45$0.28
2014Detailed filing. Detailed filing data is available for this year.$4.31$0.00$4.31$0.24$0.14$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.85$0.00$3.85$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.64$0.00$3.64$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$0.00$3.19$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.51$0.00$3.51$0.02