Civic Intelligence

Homer Foundation

990 • Fiscal year 2019 • EIN 92-0139183

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 16, 2020

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

54th percentile

0.10x

Higher debt load relative to assets than 54% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

77th percentile

0.43x

Higher debt load relative to revenue than 77% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

93rd percentile

56%

Higher net margin than 93% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

44th percentile

$48,000

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

78th percentile

18%

Faster asset growth than 78% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

92nd percentile

79%

Faster revenue growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$2,977,547

Up $456,644 (+18%) from 2018

Net Assets

Up

$2,667,470

Up $479,026 (+22%) from 2018

Liabilities

Down

$310,077

Down $22,382 (-6.7%) from 2018

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin93rd percentile

Revenue

Up

$715,245

Up $315,873 (+79%) from 2018

Expenses

Down

$317,833

Down $126,776 (-29%) from 2018

Net Income

Up

$397,412

Up $442,649 (+979%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth78th 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

2019

Assets$2,977,547
Liabilities$310,077
Net Assets$2,667,470
Open 2019 Filing

Operations Trend

Revenue Growth92nd 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

2019

Revenue$715,245
Expenses$317,833
Net Income$397,412
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 16, 2020
Return Version
2018v3.2
Gross Receipts
$735,228
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,113,260$2,487,833▲ $374,573
Savings and Temporary Cash Investments$353,329$442,860▲ $89,531
Cash and Non-Interest-Bearing Accounts$28,922$24,055▼ $4,867
Inventories for Sale or Use$16,021$15,690▼ $331
Prepaid Expenses and Deferred Charges$607$4,139▲ $3,532
Accounts Receivable-$364-
Total Assets$2,520,903$2,977,547▲ $456,644
Other Assets Total$8,764$2,606▼ $6,158
Liabilities
Other Liabilities$262,986$286,802▲ $23,816
Grants Payable$14,685$22,750▲ $8,065
Accounts Payable and Accrued Expenses$54,788$525▼ $54,263
Total Liabilities$332,459$310,077▼ $22,382
Net Assets / Fund Balance
Unrestricted Net Assets$2,023,774$2,431,529▲ $407,755
Temporarily Rstr Net Assets$96,526$147,879▲ $51,353
Permanently Rstr Net Assets$68,144$88,062▲ $19,918
Total Net Assets Fund Balance$2,188,444$2,667,470▲ $479,026
Total Liabilities and Net Assets / Fund Balance$2,520,903$2,977,547▲ $456,644

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$14,815$14,815

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$83,475$3,250▲ $4,320-$88,062
2017$83,523$500▼ $548-$83,475
2016$104,268$430▼ $21,175-$83,523
2015$93,584$500▲ $10,184-$104,268
2014$114,139$1,200▼ $21,755-$93,584
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Joy StewardPrevious ExeFT$48,000$48,000

Board Members and Trustees

NameTitle
Bonnie JasonChair
Terri SpigelmyerVice Chair
Carol SwartzTrustee
Denise PitzmanTrustee
Flo LarsonTrustee
Liz DowningTrustee
Matt ClarkeTrustee
Paul SeatonTrustee
Paula MartinTrustee
Phil MorrisTrustee
Van HawkinsTrustee
Mike MillerExecutive Di
Tom KizziaSecretary
Steve AlbertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$650,564
Program Service Revenue
$799
Investment Income
$62,453
Other Revenue
$1,429
All Other Contributions
$583,195
Change in Net Assets
$397,412
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$176,632
Salaries, Compensation, and Employee Benefits$80,706
Other Expenses$60,495
Total Fundraising Expense$20,619
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$142,182--$142,182
Current Officers, Directors, Trustees, and Key Employees$15,755$26,259$10,504$52,518
Grants to Domestic Individuals$34,450--$34,450
Other Salaries and Wages-$13,402$8,071$21,473
Office Expenses$3,246$10,572$428$14,246
Fees for Service Investment Mgmnt Fees$9,375--$9,375
Payroll Taxes$1,370$3,450$1,616$6,436
Advertising$360$5,487-$5,847
Fees for Services Accounting-$3,700-$3,700
Conferences and Meetings-$1,647-$1,647
Fees for Services Other-$1,360-$1,360
Other Expenses$1,337$730-$730
Insurance-$552-$552
Travel-$500-$500
Other Employee Benefits-$279-$279
Total Functional Expenses$208,075$89,139$20,619$317,833
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Homer Community Food PantryHomer, AK501c3Emergency Aid$26,269
Kbp School DistrictSoldotna, AKGovtEducation$10,956
Homer Community Free ClinicHomer, AK501c3Medical$9,268
Center for Alaskan Coastal StudiesHomer, AK501c3Ocean Science$6,000
Kenai Peninsula OrchestraHomer, AK501c3Music$5,075
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$19,652
Fundraising Gross Income$19,545
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Halibut Cove Li$61,914$19,545$5,531$14,014
Total Events$61,914$19,545$19,652$-107
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$284,188
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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 finance committee reviews the completed 990, then presents it to the board with their recommendation for acceptance at a regular board meeting.”

Form 990, Page 6, Part 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.”

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

“Compensation is reviewed by the board at the time of the executive director'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 to the foraker group's alaska nonprofits salary and benefits survey and to the local employment opportunities of similar scope and responsibility.”

Form 990, Page 6, Part 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 950 constituents and posted on our website: www.homerfoundation.org”

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
Bonnie Jason
Title
Chair
Phone
9072350541
Signed
2020-04-16

Organization Details

Principal Officer
Bonnie Jason
Formed
1991
Legal Domicile
Ak
Voting Board Members
13
Independent Board Members
13
Employees
7
Volunteers
15

Preparer

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

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Permanently restricted net assets consist of an endowment that must be maintained in perpetuity by the foundation. In accordance with donor restrictions, the foundation may use the investment income from this endowment to support operations.”

Schedule D, Page 3, Part X

“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/GrantsToDomesticIndividualsGrp/ProgramServicesAmt034450
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt034450
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0142182
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0142182
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0735228
IRS990/GrossSalesOfInventoryAmt01867
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt013
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0552
IRS990/InsuranceGrp/TotalAmt0552
IRS990/InventoriesForSaleOrUseGrp/BOYAmt016021
IRS990/InventoriesForSaleOrUseGrp/EOYAmt015690
IRS990/InvestmentIncomeGrp/ExclusionAmt062453
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt062453
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02113260
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02487833
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014815
IRS990/LandBldgEquipCostOrOtherBssAmt014815
IRS990/LegalDomicileStateCd0AK
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO ENHANCE THE QUALITY OF LIFE FOR THE CITIZENS OF THE GREATER HOMER AREA BY PROMOTING PHILANTHROPIC AND CHARITABLE ACTIVITIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02188444
IRS990/NetAssetsOrFundBalancesEOYAmt02667470
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-107
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-107
IRS990/NetIncomeOrLossGrp/ExclusionAmt01536
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01536
IRS990/NetUnrlzdGainsLossesInvstAmt081614
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt0428
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010572
IRS990/OfficeExpensesGrp/ProgramServicesAmt03246
IRS990/OfficeExpensesGrp/TotalAmt014246
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08764
IRS990/OtherAssetsTotalGrp/EOYAmt02606
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0279
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0279
IRS990/OtherExpensesGrp/Desc0ALLOWANCE FOR MANAGED FUN
IRS990/OtherExpensesGrp/Desc1INV EXP-LIFE INS/ANNUITY
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021201
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1730
IRS990/OtherExpensesGrp/ProgramServicesAmt01337
IRS990/OtherExpensesGrp/TotalAmt021201
IRS990/OtherExpensesGrp/TotalAmt11337
IRS990/OtherExpensesGrp/TotalAmt2730
IRS990/OtherLiabilitiesGrp/BOYAmt0262986
IRS990/OtherLiabilitiesGrp/EOYAmt0286802
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08071
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013402
IRS990/OtherSalariesAndWagesGrp/TotalAmt021473
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01616
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03450
IRS990/PayrollTaxesGrp/ProgramServicesAmt01370
IRS990/PayrollTaxesGrp/TotalAmt06436
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt068144
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt088062
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0607
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04139
IRS990/PrincipalOfficerNm0BONNIE JASON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM FEES - R&R
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0799
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0799
IRS990/ProgSrvcAccomActy2Grp/Desc0CITY OF HOMER GRANTS PROGRAM TO SUPPORT TAX EXEMPT ORGANIZATIONS PROVIDING PROGRAMS AND SERVICES WITHIN THE CITY OF HOMER.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt031443
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0799
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0390863
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0107093
IRS990/PYInvestmentIncomeAmt04042
IRS990/PYOtherExpensesAmt0239513
IRS990/PYOtherRevenueAmt03514
IRS990/PYProgramServiceRevenueAmt0953
IRS990/PYRevenuesLessExpensesAmt0-45237
IRS990/PYSalariesCompEmpBnftPaidAmt098003
IRS990/PYTotalExpensesAmt0444609
IRS990/PYTotalRevenueAmt0399372
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0397412
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0353329
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0442860
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0REFUNDS, REBATES, REIMBURSEMENTS 1,381
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0650564
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0390863
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0641525
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0502902
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0220552
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02406406
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt062453
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04042
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt027906
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt094401
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt013389
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01381
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01381
IRS990ScheduleA/PublicSupportCY170Pct00.84240
IRS990ScheduleA/PublicSupportPY170Pct00.82690
IRS990ScheduleA/PublicSupportTotal170Amt02107957
IRS990ScheduleA/SubstantialContributorsTotAmt0298449
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0650564
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0390863
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0641525
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0502902
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0220552
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02406406
IRS990ScheduleA/TotalSupportAmt02502188
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/AdministrativeExpensesAmt02983
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt083475
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt03250
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt088062
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt04320
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt083523
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt083475
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-548
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0104268
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0430
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt083523
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-21175
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt093584
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0104268
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt010184
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0114139
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01200
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt093584
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-21755
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt030280
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt09078
IRS990ScheduleD/DonorAdvisedFundsHeldCnt012
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0284188
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014815
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014815
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt02614
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0284188
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS MANAGED FOR OTHERS
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PERMANENTLY RESTRICTED NET ASSETS CONSIST OF AN ENDOWMENT THAT MUST BE MAINTAINED IN PERPETUITY BY THE FOUNDATION. IN ACCORDANCE WITH DONOR RESTRICTIONS, THE FOUNDATION MAY USE THE INVESTMENT INCOME FROM THIS ENDOWMENT TO SUPPORT OPERATIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE 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/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,977,547
Liabilities
$310,077
Net assets
$2,667,470
Revenue
$715,245
Expenses
$317,833
Net income
$397,412
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
2019Detailed filing. Detailed filing data is available for this year.$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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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