Civic Intelligence

Project Grad Kenai Peninsula

EIN 30-0212786 • 501(c)3 • Homer, AK

Profile

Our mission at Project GRAD Kenai Peninsula

PO Box 1725Homer, AK 99603

www.projectgradkenai.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

50th percentile

0.06x

Higher debt load relative to assets than 50% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.02x

Higher debt load relative to revenue than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

68th percentile

16%

Higher net margin than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

71st percentile

$110,449

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

95th percentile

103%

Faster asset growth than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

50th percentile

7.3%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$346,020

Up $19,049 (+5.8%) from 2020

Liabilities

Down

$13,520

Down $5,717 (-30%) from 2020

Net Assets

Up

$332,500

Up $24,766 (+8.0%) from 2020

Revenue

Up

$1,231,405

Up $257,133 (+26%) from 2020

Expenses

Up

$1,206,639

Up $213,747 (+22%) from 2020

Net Income

Up

$24,766

Up $43,386 (+233%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2013: $170,189Liabilities 2013: $13,445Net Assets 2013: $156,7442013Assets 2014: $226,208Liabilities 2014: $5,936Net Assets 2014: $220,2722014Assets 2015: $247,423Liabilities 2015: $3,441Net Assets 2015: $243,9822015Assets 2016: $300,757Liabilities 2016: $11,000Net Assets 2016: $289,7572016Assets 2017: $350,269Liabilities 2017: $17,713Net Assets 2017: $332,5562017Assets 2018: $412,294Liabilities 2018: $18,114Net Assets 2018: $394,1802018Assets 2019: $334,603Liabilities 2019: $8,249Net Assets 2019: $326,3542019Assets 2020: $326,971Liabilities 2020: $19,237Net Assets 2020: $307,7342020Assets 2021: $346,020Liabilities 2021: $13,520Net Assets 2021: $332,5002021

Highlighted filing

2021

Assets$346,020
Liabilities$13,520
Net Assets$332,500

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2013: $870,1012013Revenue 2014: $816,651Expenses 2014: $753,123Net Income 2014: $63,5282014Revenue 2015: $819,879Expenses 2015: $796,169Net Income 2015: $23,7102015Revenue 2016: $962,479Expenses 2016: $916,704Net Income 2016: $45,7752016Revenue 2017: $1,124,269Expenses 2017: $1,081,470Net Income 2017: $42,7992017Revenue 2018: $998,837Expenses 2018: $937,213Net Income 2018: $61,6242018Revenue 2019: $538,987Expenses 2019: $606,813Net Income 2019: -$67,8262019Revenue 2020: $974,272Expenses 2020: $992,892Net Income 2020: -$18,6202020Revenue 2021: $1,231,405Expenses 2021: $1,206,639Net Income 2021: $24,7662021

Highlighted filing

2021

Revenue$1,231,405
Expenses$1,206,639
Net Income$24,766

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.0
Gross Receipts
$1,231,405
Mission and Program Overview

Mission

Our mission is to impact generational change by enhancing the educational experience of under-served alaskan students.

To facilitate high school graduation and beyond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$212,866$194,872▼ $17,994
Savings and Temporary Cash Investments$49,148$86,453▲ $37,305
Pledges and Grants Receivable$44,082$45,467▲ $1,385
Prepaid Expenses and Deferred Charges$14,240$13,611▼ $629
Land, Buildings, and Equipment, Net$5,087$4,069▼ $1,018
Inventories for Sale or Use$1,548$1,548→ $0
Total Assets$326,971$346,020▲ $19,049
Liabilities
Accounts Payable and Accrued Expenses$19,237$13,520▼ $5,717
Total Liabilities$19,237$13,520▼ $5,717
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$307,734$332,500▲ $24,766
Total Net Assets Fund Balance$307,734$332,500▲ $24,766
Total Liabilities and Net Assets / Fund Balance$326,971$346,020▲ $19,049

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,069$49,414$53,483
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jane BeckExecutive DiFT$91,388$91,388

Board Members and Trustees

NameTitle
Bob MooreChair
Conrad WoodheadVice Chair
Alexandra HetrickDirector
Danielle MalchoffDirector
Millie JohnsonDirector
Vide KrotoDirector
Rayna HartzAlternate Vi
Revenue and Support

Revenue Composition

Contributions and Grants
$1,111,313
Program Service Revenue
$120,000
Investment Income
$92
Other Revenue
$0
All Other Contributions
$16,609
Change in Net Assets
$24,766

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,231,405
Revenue Not Reported on Form 990
$63,896
Total Revenue per Audited Statements
$1,295,301
Total Revenue per Form 990
$1,231,405
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$844,457
Other Expenses$357,535
Total Fundraising Expense$51,436
Grants and Similar Amounts Paid$4,647
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$400,044$160,959$51,436$612,439
Fees for Services Other$41,611$106,291-$147,902
Current Officers, Directors, Trustees, and Key Employees$45,899$45,899-$91,798
Office Expenses$48,818$40,947-$89,765
Other Employee Benefits$37,163$39,871-$77,034
Fees for Services Accounting-$63,310-$63,310
Payroll Taxes$39,890$21,268-$61,158
Occupancy$7,985$6,862-$14,847
Insurance-$14,476-$14,476
Conferences and Meetings$2,344$10,703-$13,047
Travel$4,719$4,008-$8,727
Grants to Domestic Individuals$4,647--$4,647
Other Expenses$3,290$1,154-$4,444
Pension Plan Contributions-$2,028-$2,028
Depreciation Depletion-$1,017-$1,017
Total Functional Expenses$636,410$518,793$51,436$1,206,639

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,270,535
Expenses per Audited Statements$1,206,639
Total Expenses per Form 990$1,206,639
Expenses Not Reported on Form 990$63,896
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Yes
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 executive director and board chair review the documents for accuracy. The 990 is available for review to all of the board. It is available in the office and distributed as requested.

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

Due to the nature of the organization, there are rarely conflicts of interest. Any potential conflict of interest would be discussed at a board meeting.

Form 990, Page 6, Part VI, Line 15A

We compare our salaries to those comparable positions in the community to determine correct rates.

Form 990, Page 6, Part VI, Line 19

They are available in our office. The public is always welcome to view them.

Filing and Contact Details

Filer

Filer Name
Project Grad Kenai Peninsula
EIN
30-0212786
Phone
9072355612
Address
PO BOX 1725, HOMER, AK 99603

Signing Officer

Name
Bob Moore
Title
Chair
Phone
9072355612
Signed
2022-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bob Moore
Formed
2003
Legal Domicile
Ak
Voting Board Members
7
Independent Board Members
7
Employees
17

Preparer

Firm
Foster and Company LLC
Address
804 E FAIRVIEW LOOP, WASILLA, AK 99654
Preparer
Karen Foster
Phone
9073766901
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Program assistants 3,666 0 0 brightways 13,458 3,690 0 staff training 3,489 5,700 0 computer services 0 3,155 0 conference stipends 3,000 450 0 positive youth development ap 0 6,183 0 21st cclc 16,763 0 0 native education services 784 87,113 0 professional fees 451 0 0 total 41,611 106,291 0

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from federal and state income taxes as a nonprofit corporation under section 501(c)(3) of the internal revenue code and is classified as other than a private foundation. Although the organization is exempt from federal income taxes, any income derived from unrelated business activities is subject to the requirement of filing federal income tax form 990-t and a tax liability may be determined in these activities. However, none of the organization's activities were subject to this tax in fy21 or fy20. The organization believes that it has appropriate support for any tax positions taken, and as such does not have any uncertain tax positions that are material to the 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/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AS A NONPROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. ALTHOUGH THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES, ANY INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES IS SUBJECT TO THE REQUIREMENT OF FILING FEDERAL INCOME TAX FORM 990-T AND A TAX LIABILITY MAY BE DETERMINED IN THESE ACTIVITIES. HOWEVER, NONE OF THE ORGANIZATION'S ACTIVITIES WERE SUBJECT TO THIS TAX IN FY21 OR FY20. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR AND BOARD CHAIR REVIEW THE DOCUMENTS FOR ACCURACY. THE 990 IS AVAILABLE FOR REVIEW TO ALL OF THE BOARD. IT IS AVAILABLE IN THE OFFICE AND DISTRIBUTED AS REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DUE TO THE NATURE OF THE ORGANIZATION, THERE ARE RARELY CONFLICTS OF INTEREST. ANY POTENTIAL CONFLICT OF INTEREST WOULD BE DISCUSSED AT A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WE COMPARE OUR SALARIES TO THOSE COMPARABLE POSITIONS IN THE COMMUNITY TO DETERMINE CORRECT RATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THEY ARE AVAILABLE IN OUR OFFICE. THE PUBLIC IS ALWAYS WELCOME TO VIEW THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROGRAM ASSISTANTS 3,666 0 0 BRIGHTWAYS 13,458 3,690 0 STAFF TRAINING 3,489 5,700 0 COMPUTER SERVICES 0 3,155 0 CONFERENCE STIPENDS 3,000 450 0 POSITIVE YOUTH DEVELOPMENT AP 0 6,183 0 21ST CCLC 16,763 0 0 NATIVE EDUCATION SERVICES 784 87,113 0 PROFESSIONAL FEES 451 0 0 TOTAL 41,611 106,291 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BOB MOORE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum09072355612
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROJECT GRAD KENAI PENINSULA
ReturnHeader/Filer/BusinessNameControlTxt0PROJ
ReturnHeader/Filer/EIN0300212786
ReturnHeader/Filer/PhoneNum09072355612
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1725
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0AK
ReturnHeader/Filer/USAddress/ZIPCd099603
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371709475
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FOSTER AND COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0804 E FAIRVIEW LOOP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASILLA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd099654
ReturnHeader/PreparerPersonGrp/PhoneNum09073766901
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAREN FOSTER
ReturnHeader/ReturnTs02022-05-13T14:37:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BOB
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MOORE
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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