Civic Intelligence

Homer Foundation

990 • Fiscal year 2016 • EIN 92-0139183

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 27, 2017

Organization Profilewww.homerfoundation.org
PO Box 2600Homer, AK 99603-2600

(907) 235-0541

Siviq Scores

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

Liabilities / Assets

55th percentile

0.14x

Higher debt load relative to assets than 55% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

1.54x

Higher debt load relative to revenue than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

58th percentile

5.0%

Higher net margin than 58% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

43rd percentile

$45,000

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 17.1% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

89th percentile

37%

Faster asset growth than 89% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

96th percentile

165%

Faster revenue growth than 96% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$2,911,390

Up $780,836 (+37%) from 2015

Net Assets

Up

$2,507,336

Up $731,020 (+41%) from 2015

Liabilities

Up

$404,054

Up $49,816 (+14%) from 2015

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin58th percentile

Revenue

Up

$262,982

Up $163,585 (+165%) from 2015

Expenses

Down

$249,800

Down $22,636 (-8.3%) from 2015

Net Income

Up

$13,182

Up $186,221 (+108%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,219,651Liabilities 2011: $397,648Net Assets 2011: $1,822,0032011Assets 2012: $2,445,620Liabilities 2012: $395,063Net Assets 2012: $2,050,5572012Assets 2013: $2,056,567Liabilities 2013: $305,346Net Assets 2013: $1,751,2212013Assets 2014: $2,576,721Liabilities 2014: $395,173Net Assets 2014: $2,181,5482014Assets 2015: $2,130,554Liabilities 2015: $354,238Net Assets 2015: $1,776,3162015Assets 2016: $2,911,390Liabilities 2016: $404,054Net Assets 2016: $2,507,3362016Assets 2017: $2,552,281Liabilities 2017: $332,167Net Assets 2017: $2,220,1142017Assets 2018: $2,520,903Liabilities 2018: $332,459Net Assets 2018: $2,188,4442018Assets 2019: $2,977,547Liabilities 2019: $310,077Net Assets 2019: $2,667,4702019Assets 2020: $3,202,250Liabilities 2020: $303,848Net Assets 2020: $2,898,4022020Assets 2021: $5,466,034Liabilities 2021: $383,680Net Assets 2021: $5,082,3542021Assets 2022: $5,061,813Liabilities 2022: $397,454Net Assets 2022: $4,664,3592022Assets 2023: $5,932,058Liabilities 2023: $352,170Net Assets 2023: $5,579,8882023Assets 2024: $7,101,020Liabilities 2024: $431,900Net Assets 2024: $6,669,1202024

Highlighted filing

2016

Assets$2,911,390
Liabilities$404,054
Net Assets$2,507,336
Open 2016 Filing

Operations Trend

Revenue Growth96th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $922,451Expenses 2011: $345,818Net Income 2011: $576,6332011Expenses 2012: $532,2822012Revenue 2013: $483,495Expenses 2013: $344,519Net Income 2013: $138,9762013Revenue 2014: $273,081Expenses 2014: $354,446Net Income 2014: -$81,3652014Revenue 2015: $99,397Expenses 2015: $272,436Net Income 2015: -$173,0392015Revenue 2016: $262,982Expenses 2016: $249,800Net Income 2016: $13,1822016Revenue 2017: $672,887Expenses 2017: $527,463Net Income 2017: $145,4242017Revenue 2018: $399,372Expenses 2018: $444,609Net Income 2018: -$45,2372018Revenue 2019: $715,245Expenses 2019: $317,833Net Income 2019: $397,4122019Revenue 2020: $646,179Expenses 2020: $492,846Net Income 2020: $153,3332020Revenue 2021: $1,921,165Expenses 2021: $478,221Net Income 2021: $1,442,9442021Revenue 2022: $1,139,520Expenses 2022: $635,043Net Income 2022: $504,4772022Revenue 2023: $1,174,483Expenses 2023: $680,341Net Income 2023: $494,1422023Revenue 2024: $2,079,032Expenses 2024: $1,130,176Net Income 2024: $948,8562024

Highlighted filing

2016

Revenue$262,982
Expenses$249,800
Net Income$13,182
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 27, 2017
Return Version
2015v3.0
Gross Receipts
$553,640
Mission and Program Overview

Mission

To enhance the quality of life for the citizens of the greater homer area by promoting philanthropic and charitable activities.

Community Foundation To enhance the quality of life for the citizens of the greater Homer area by promoting philanthropic and charitable activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,406,226$2,166,609▲ $760,383
Savings and Temporary Cash Investments$440,547$475,375▲ $34,828
Cash and Non-Interest-Bearing Accounts$213,156$231,310▲ $18,154
Accounts Receivable$40,400--
Prepaid Expenses and Deferred Charges-$15,795-
Total Assets$2,130,554$2,911,390▲ $780,836
Other Assets Total$30,225$22,301▼ $7,924
Liabilities
Other Liabilities$288,025$320,602▲ $32,577
Grants Payable$22,662$45,004▲ $22,342
Accounts Payable and Accrued Expenses$43,551$38,448▼ $5,103
Total Liabilities$354,238$404,054▲ $49,816
Net Assets / Fund Balance
Unrestricted Net Assets$1,630,410$2,172,166▲ $541,756
Temporarily Rstr Net Assets$52,322$230,902▲ $178,580
Permanently Rstr Net Assets$93,584$104,268▲ $10,684
Total Net Assets Fund Balance$1,776,316$2,507,336▲ $731,020
Total Liabilities and Net Assets / Fund Balance$2,130,554$2,911,390▲ $780,836

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$14,815$14,815
Other Assets Org$17,433--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$93,584-▲ $10,684-$104,268
2014$114,139$1,200▼ $21,755-$93,584
2013$90,329$11,200▲ $12,610-$114,139
2012$101,846$11,950▼ $23,467-$90,329
2011$89,635$20,600▼ $8,389-$101,846
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Joy StewardExecutive DirectorFT$45,000$45,000

Board Members and Trustees

NameTitle
Ken CastnerChair
Carol SwartzVice Chair
Bonnie JasonTrustee
Buck LaukitisTrustee
Denise PitzmanTrustee
Flo LarsonTrustee
John MouwTrustee
Lindsay WolterTrustee
Phil MorrisTrustee
Terri SpigelmyerTrustee
Polly Prindle-hessSecretary
Steve AlbertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$502,902
Program Service Revenue
$1,053
Investment Income
$-240,973
Other Revenue
$0
All Other Contributions
$448,855
Change in Net Assets
$13,182
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$142,746
Other Expenses$54,840
Salaries, Compensation, and Employee Benefits$52,214
Total Fundraising Expense$7,832
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$122,596--$122,596
Current Officers, Directors, Trustees, and Key Employees$15,750$22,500$6,750$45,000
Grants to Domestic Individuals$20,150--$20,150
Office Expenses$0$15,127$0$15,127
Payroll Taxes$1,571$2,246$673$4,490
Fees for Services Accounting$0$3,265$0$3,265
Other Salaries and Wages$953$1,362$409$2,724
Advertising$0$1,775$0$1,775
Conferences and Meetings$0$1,396$0$1,396
Insurance$0$400$0$400
Other Expenses$0$300$0$300
Total Functional Expenses$161,020$80,948$7,832$249,800
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Homer Community Food PantryHomer, AK501(c)(3)Ops & Program$22,420
Kachemak Heritage Land TrustHomer, AK501(c)(3)Ops & Programs$11,609
Homer Council on the ArtsHomer, AK501(c)(3)Ops & Program$9,433
Cook InletkeeperHomer, AK501(c)(3)Ops & Program$8,000
Homer Kachemak Bay Rotary ClubHomer, AK501(c)(3)Spit Pavillion$7,000
Center for Alaskan Coastal StudiesHomer, AK501(c)(3)Ops & Programs$6,805
KBBI BroadcastingHomer, AK-Eq Replacement$6,420
Hospice of HomerHomer, AK501(c)(3)Ops & Programs$5,235
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$25,429
Fundraising Gross Income$25,429
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Halibut Cove$54,601$25,429$2,012$23,417
Total Events$54,601$25,429$25,429-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Managed for Others$320,602
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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
Filing and Contact Details

Filer

Filer Name
Homer Foundation
EIN
92-0139183
Phone
9072350541
Address
PO Box 2600, Homer, AK 99603-2600

Signing Officer

Name
Ken Castner
Title
Board Chair
Phone
9072350541
Signed
2017-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ken Castner
Formed
1991
Legal Domicile
Ak
Voting Board Members
12
Independent Board Members
12
Employees
3
Volunteers
15

Preparer

Firm
Foster and Company LLC
Address
PO BOX 872194, WASILLA, AK 99687-2194
Preparer
Karen Foster
Phone
9073766901
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The Treasurer reviews the completed 990, then presents it to the board with their recommendation for acceptance.”

Pt VI, Line 12C

“At the beginning of the year, Board members complete a disclosure statement listing any personal interests that could lead to potential conflicts. At the time of completing this questionnaire, Board members are asked if any have occurred.”

Pt VI, Line 15A

“Compensation is reviewed by the Board at the time of the ED's review. Any increase in compensation is based on that review. Salary, benefits, and bonuses are determined to be as appropriate and sustainable, and compared the The Foraker Group's Alaska Nonprofits Salary and Benefits Survey and to the local employment opportunities of similar scope and responsibility.”

Pt VI, Line 19

“Governing documents, policies, and financial statements are available to the public upon request. In addition, financial reports are presented in the annual report which is mailed out to 750 constituients and posted on our website: www.homerfoundation.org”

Financial Statement Notes

Pt X, Line 2

“The Foundation is recognized as exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code (the Code) and has been determined not to be a private foundation as defined under Section 509(a)(1). The Foundation is exempt from State income taxes under the Alaska Nonprofit Corporation Act. Therefore, the accompanying statements do not reflect a provision for income taxes. Although the Foundation 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 on these activities. The Foundation 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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IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014815
IRS990/LandBldgEquipCostOrOtherBssAmt014815
IRS990/LegalDomicileStateCd0AK
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0265229
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Community Foundation
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01776316
IRS990/NetAssetsOrFundBalancesEOYAmt02507336
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-265229
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-265229
IRS990/NetUnrlzdGainsLossesInvstAmt0717838
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015127
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt015127
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt030225
IRS990/OtherAssetsTotalGrp/EOYAmt022301
IRS990/OtherExpensesGrp/Desc0Allowance for Managed Funds
IRS990/OtherExpensesGrp/Desc1Dues and Subscriptions
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IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt032577
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1300
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IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/TotalAmt032577
IRS990/OtherExpensesGrp/TotalAmt1300
IRS990/OtherLiabilitiesGrp/BOYAmt0288025
IRS990/OtherLiabilitiesGrp/EOYAmt0320602
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0409
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01362
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0953
IRS990/OtherSalariesAndWagesGrp/TotalAmt02724
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0673
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02246
IRS990/PayrollTaxesGrp/ProgramServicesAmt01571
IRS990/PayrollTaxesGrp/TotalAmt04490
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt093584
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0104268
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015795
IRS990/PrincipalOfficerNm0KEN CASTNER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Fiscal Agent Fees
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01053
IRS990/ProgSrvcAccomActy2Grp/Desc0CITY OF HOMER GRANTS PROGRAM TO SUPPORT TAX EXEMPT ORGANIZATIONS PROVIDING PROGRAMS AND SERVICES WITHIN THE CITY OF HOMER.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt021750
IRS990/ProgSrvcAccomActy2Grp/GrantAmt021750
IRS990/ProgSrvcAccomActy3Grp/Desc0SCHOLARSHIPS PROGRAM TO SUPPORT HOMER AREA STUDENTS PURSUING HIGHER EDUCATION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt020150
IRS990/ProgSrvcAccomActy3Grp/GrantAmt020150
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0220552
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0193619
IRS990/PYInvestmentIncomeAmt0-190875
IRS990/PYOtherExpensesAmt025938
IRS990/PYOtherRevenueAmt068086
IRS990/PYProgramServiceRevenueAmt01634
IRS990/PYRevenuesLessExpensesAmt0-173039
IRS990/PYSalariesCompEmpBnftPaidAmt052879
IRS990/PYTotalExpensesAmt0272436
IRS990/PYTotalRevenueAmt099397
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt013182
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt054481
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0440547
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0475375
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: Other income 2011: 0. 2012: 0. 2013: 0. 2014: 0. 2015: 0. Description: Allowance for managed funds 2011: 0. 2012: 0. 2013: 0. 2014: 66592. 2015: 0. Description: Inventory Sales 2011: 0. 2012: 0. 2013: 0. 2014: 1494. 2015: 0.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0502902
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0220552
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0335128
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0413124
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0627488
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02099194
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0-240973
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0-122789
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0168095
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0143285
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0293731
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0241349
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt013024
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt068086
IRS990ScheduleA/OtherIncome170Grp/TotalAmt068086
IRS990ScheduleA/PublicSupportCY170Pct00.70870
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.57130
IRS990ScheduleA/PublicSupportTotal170Amt01706970
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt0392224
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0502902
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0220552
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0335128
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0413124
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0627488
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02099194
IRS990ScheduleA/TotalSupportAmt02408629
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt093584
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0104268
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt010684
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0114139
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01200
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt093584
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-21755
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt090329
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt011200
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0114139
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012610
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0101846
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt011950
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt090329
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-23467
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt089635
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt020600
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0101846
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-8389
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt032577
IRS990ScheduleD/DonorAdvisedFundsHeldCnt01
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0320602
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014815
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014815
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04868
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt117433
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Cash Surrender Value Life Ins.
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Investments-Land, Buildings & Equipment
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0320602
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Funds Managed for Others
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation is recognized as exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code (the Code) and has been determined not to be a private foundation as defined under Section 509(a)(1). The Foundation is exempt from State income taxes under the Alaska Nonprofit Corporation Act. Therefore, the accompanying statements do not reflect a provision for income taxes. Although the Foundation 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 on these activities. The Foundation 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/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalBookValueOtherAssetsAmt022301
IRS990ScheduleD/TotalLiabilityAmt0320602
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt029172
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt029172
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt025429
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt07725
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt07725
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Halibut Cove

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,911,390
Liabilities
$404,054
Net assets
$2,507,336
Revenue
$262,982
Expenses
$249,800
Net income
$13,182
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.10$0.43$6.67$2.08$1.13$0.95
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.93$0.35$5.58$1.17$0.68$0.49
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.06$0.40$4.66$1.14$0.64$0.50
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.47$0.38$5.08$1.92$0.48$1.44
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.20$0.30$2.90$0.65$0.49$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.98$0.31$2.67$0.72$0.32$0.40
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.52$0.33$2.19$0.40$0.44$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.33$2.22$0.67$0.53$0.15
2016Detailed filing. Detailed filing data is available for this year.$2.91$0.40$2.51$0.26$0.25$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.13$0.35$1.78$0.10$0.27$0.17
2014Detailed filing. Detailed filing data is available for this year.$2.58$0.40$2.18$0.27$0.35$0.08
2013Summary only. Only limited summary data is available for this year.$2.06$0.31$1.75$0.48$0.34$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$0.40$2.05$0.53
2011Summary only. Only limited summary data is available for this year.$2.22$0.40$1.82$0.92$0.35$0.58