Civic Intelligence

Homer Foundation

990 • Fiscal year 2021 • EIN 92-0139183

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 29, 2022

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

40th percentile

0.07x

Higher debt load relative to assets than 40% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

55th percentile

0.20x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

95th percentile

75%

Higher net margin than 95% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

27th percentile

$53,500

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

93rd percentile

71%

Faster asset growth than 93% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

94th percentile

197%

Faster revenue growth than 94% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$5,466,034

Up $2,263,784 (+71%) from 2020

Net Assets

Up

$5,082,354

Up $2,183,952 (+75%) from 2020

Liabilities

Up

$383,680

Up $79,832 (+26%) from 2020

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin95th percentile

Revenue

Up

$1,921,165

Up $1,274,986 (+197%) from 2020

Expenses

Down

$478,221

Down $14,625 (-3.0%) from 2020

Net Income

Up

$1,442,944

Up $1,289,611 (+841%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth93rd 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

2021

Assets$5,466,034
Liabilities$383,680
Net Assets$5,082,354
Open 2021 Filing

Operations Trend

Revenue Growth94th 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

2021

Revenue$1,921,165
Expenses$478,221
Net Income$1,442,944
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 29, 2022
Return Version
2020v4.0
Gross Receipts
$1,921,726
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$2,806,255$4,302,136▲ $1,495,881
Savings and Temporary Cash Investments$375,181$1,133,464▲ $758,283
Cash and Non-Interest-Bearing Accounts$2,574$15,373▲ $12,799
Inventories for Sale or Use$15,056$14,495▼ $561
Prepaid Expenses and Deferred Charges$726--
Accounts Receivable$420--
Total Assets$3,202,250$5,466,034▲ $2,263,784
Other Assets Total$2,038$566▼ $1,472
Liabilities
Other Liabilities$291,690$357,173▲ $65,483
Grants Payable$11,400$25,400▲ $14,000
Accounts Payable and Accrued Expenses$758$1,107▲ $349
Total Liabilities$303,848$383,680▲ $79,832
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,671,509$4,234,916▲ $1,563,407
Net Assets With Donor Restrictions$226,893$847,438▲ $620,545
Total Net Assets Fund Balance$2,898,402$5,082,354▲ $2,183,952
Total Liabilities and Net Assets / Fund Balance$3,202,250$5,466,034▲ $2,263,784

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$90,813$423,781▲ $22,977-$534,909
2019$88,062$971▲ $4,488-$90,813
2018$83,475$3,250▲ $4,320-$88,062
2017$83,523$500▼ $548-$83,475
2016$104,268$430▼ $21,175-$83,523
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael MillerExecutive DiFT$53,500$53,500

Board Members and Trustees

NameTitle
Paul SeatonCGC Chair
Terri SpigelmyerPresident
Bonnie JasonTrustee
Carol SwartzTrustee
Chris ThenoTrustee
Dave DerryTrustee
Flo LarsonTrustee
Ken TaylorTrustee
Liz DowningTrustee
Phil MorrisTrustee
Denise PitzmanDev Committe
Tom KizziaSecretary
Paula MartinTreasurer
Van HawkinsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,808,340
Program Service Revenue
$0
Investment Income
$111,130
Other Revenue
$1,695
All Other Contributions
$1,722,761
Change in Net Assets
$1,442,944
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$276,583
Other Expenses$118,163
Salaries, Compensation, and Employee Benefits$83,475
Total Fundraising Expense$3,219
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$242,317--$242,317
Current Officers, Directors, Trustees, and Key Employees$37,450$16,050-$53,500
Grants to Domestic Individuals$34,266--$34,266
Other Salaries and Wages$14,699$8,221-$22,920
Fees for Service Investment Mgmnt Fees$16,409--$16,409
Office Expenses$2,210$11,514$831$14,555
Advertising$2,818$5,876-$8,694
Payroll Taxes$4,705$2,099-$6,804
Fees for Services Accounting-$3,900-$3,900
Insurance$875$2,011-$2,886
Fees for Services Other$450$1,173-$1,623
Other Expenses$65,337$1,303$2,388$1,303
Conferences and Meetings-$1,068-$1,068
Other Employee Benefits-$251-$251
Total Functional Expenses$421,536$53,466$3,219$478,221
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Homer Community Food PantryHomer, AK501c3Emrgy Non-food Aide$69,914
City of HomerHomer, AKGovSkate Park$12,606
Kachemak Bay Conservation SocietyHomer, AK501c3Peatland Awareness$12,000
Homer Farmers MarketHomer, AK501c3Operating Support$7,000
Anchor Point Food PantryAnchor Point, AK501c3Operating Support$5,500
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Managed for Others$355,543
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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 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. At the time of completing this questionnaire, board members are asked if any have occurred. In addition, all committee meetings regarding grants review the conflict of interest policy with all present members and ask for disclosures. The committee chair ensures this policy is followed.”

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. We purchased the foraker compensation guide to determine a comparable salary rate from around the state of alaska.”

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 900 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
Michael Miller
Title
Executive Director
Phone
9072350541
Signed
2022-03-29

Organization Details

Principal Officer
Michael Miller
Formed
1991
Legal Domicile
Ak
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
12

Preparer

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

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“ALL OTHER PROGRAMS.”

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/ProgramServicesAmt034266
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt034266
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0242317
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0242317
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01921726
IRS990/GrossSalesOfInventoryAmt02256
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt011
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02011
IRS990/InsuranceGrp/ProgramServicesAmt0875
IRS990/InsuranceGrp/TotalAmt02886
IRS990/InventoriesForSaleOrUseGrp/BOYAmt015056
IRS990/InventoriesForSaleOrUseGrp/EOYAmt014495
IRS990/InvestmentIncomeGrp/ExclusionAmt0111130
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0111130
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02806255
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04302136
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
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/NetAssetsOrFundBalancesBOYAmt02898402
IRS990/NetAssetsOrFundBalancesEOYAmt05082354
IRS990/NetIncomeOrLossGrp/ExclusionAmt01695
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01695
IRS990/NetUnrlzdGainsLossesInvstAmt0741008
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02671509
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04234916
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt0831
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011514
IRS990/OfficeExpensesGrp/ProgramServicesAmt02210
IRS990/OfficeExpensesGrp/TotalAmt014555
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02038
IRS990/OtherAssetsTotalGrp/EOYAmt0566
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0251
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0251
IRS990/OtherExpensesGrp/Desc0ALLOWANCE FOR MANAGED FUN
IRS990/OtherExpensesGrp/Desc1DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt02388
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01303
IRS990/OtherExpensesGrp/ProgramServicesAmt065337
IRS990/OtherExpensesGrp/TotalAmt065337
IRS990/OtherExpensesGrp/TotalAmt12388
IRS990/OtherExpensesGrp/TotalAmt21303
IRS990/OtherLiabilitiesGrp/BOYAmt0291690
IRS990/OtherLiabilitiesGrp/EOYAmt0357173
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt08221
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt014699
IRS990/OtherSalariesAndWagesGrp/TotalAmt022920
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02099
IRS990/PayrollTaxesGrp/ProgramServicesAmt04705
IRS990/PayrollTaxesGrp/TotalAmt06804
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0726
IRS990/PrincipalOfficerNm0MICHAEL MILLER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0HOMER FOUNDATION COMMUNITY CHEST, BENEFITING HOMER COMMUNITY FOOD PANTRY'S EMERGENCY NON FOOD AIDE TO INDIVIDUALS IN OUR COMMUNITY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt069914
IRS990/ProgSrvcAccomActy2Grp/GrantAmt069914
IRS990/ProgSrvcAccomActy3Grp/Desc0CITY OF HOMER GRANTS PROGRAM TO SUPPORT TAX EXEMPT ORGANIZATIONS PROVIDING PROGRAMS AND SERVICES WITHIN THE CITY OF HOMER.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt028000
IRS990/ProgSrvcAccomActy3Grp/GrantAmt028000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ALL OTHER PROGRAMS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0227045
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt082092
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0568085
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0356268
IRS990/PYInvestmentIncomeAmt076599
IRS990/PYOtherExpensesAmt058483
IRS990/PYOtherRevenueAmt01495
IRS990/PYRevenuesLessExpensesAmt0153333
IRS990/PYSalariesCompEmpBnftPaidAmt078095
IRS990/PYTotalExpensesAmt0492846
IRS990/PYTotalRevenueAmt0646179
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01442944
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0375181
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01133464
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0REFUNDS, REBATES, REIMBURSEMENTS 1,381
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0980124
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0568085
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0650564
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0390863
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0641525
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03231161
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0111130
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt076599
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt062453
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04042
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt027906
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0282130
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt013592
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01381
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01381
IRS990ScheduleA/PublicSupportCY170Pct00.84530
IRS990ScheduleA/PublicSupportPY170Pct00.84910
IRS990ScheduleA/PublicSupportTotal170Amt02971046
IRS990ScheduleA/SubstantialContributorsTotAmt0260115
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0980124
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0568085
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0650564
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0390863
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0641525
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03231161
IRS990ScheduleA/TotalSupportAmt03514672
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/AdministrativeExpensesAmt02662
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt090813
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0423781
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0534909
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt022977
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt02709
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt088062
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0971
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt090813
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04488
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt02983
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt083475
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt03250
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt088062
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04320
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt083523
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt083475
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-548
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0104268
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0430
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt083523
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-21175
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt073845
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt08500
IRS990ScheduleD/DonorAdvisedFundsHeldCnt012
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0355551
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt01630
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/FundsAndOtherAccountsHeldCnt07384
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0355543
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS MANAGED FOR OTHERS
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

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,466,034
Liabilities
$383,680
Net assets
$5,082,354
Revenue
$1,921,165
Expenses
$478,221
Net income
$1,442,944
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
2021Detailed filing. Detailed filing data is available for this year.$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
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