Civic Intelligence

Homer Foundation

990 • Fiscal year 2024 • EIN 92-0139183

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 04, 2026

Organization ProfileWWW.HOMERFOUNDATION.ORG
PO Box 2600Homer, AK 99603-2600

(907) 235-0541

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$6,890,452

Up $958,394 (+16%) from 2023

Net Assets

Up

$6,457,552

Up $877,664 (+16%) from 2023

Liabilities

Up

$432,900

Up $80,730 (+23%) from 2023

Revenue And Expenses

Revenue

Down

$845,861

Down $328,622 (-28%) from 2023

Expenses

Up

$746,662

Up $66,321 (+9.7%) from 2023

Net Income

Down

$99,199

Down $394,943 (-80%) from 2023

Historical Trend

Balance Sheet Trend

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: $6,669,1202024Assets 2024: $6,890,452Liabilities 2024: $432,900Net Assets 2024: $6,457,5522024

Highlighted filing

2024

Assets$6,890,452
Liabilities$432,900
Net Assets$6,457,552
Open 2024 Filing

Operations Trend

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: $948,8562024Revenue 2024: $845,861Expenses 2024: $746,662Net Income 2024: $99,1992024

Highlighted filing

2024

Revenue$845,861
Expenses$746,662
Net Income$99,199
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 4, 2026
Return Version
2023v6.0
Gross Receipts
$846,505
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$5,684,953$6,663,094▲ $978,141
Cash and Non-Interest-Bearing Accounts$31,697$65,694▲ $33,997
Pledges and Grants Receivable$52,000$58,550▲ $6,550
Inventories for Sale or Use$12,639$11,995▼ $644
Prepaid Expenses and Deferred Charges$2,250--
Savings and Temporary Cash Investments$148,519$12▼ $148,507
Total Assets$5,932,058$6,890,452▲ $958,394
Other Assets Total-$91,107-
Liabilities
Other Liabilities$337,037$380,359▲ $43,322
Accounts Payable and Accrued Expenses$5,128$30,536▲ $25,408
Grants Payable$10,005$22,005▲ $12,000
Total Liabilities$352,170$432,900▲ $80,730
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,946,513$5,848,465▲ $901,952
Net Assets With Donor Restrictions$633,375$609,087▼ $24,288
Total Net Assets Fund Balance$5,579,888$6,457,552▲ $877,664
Total Liabilities and Net Assets / Fund Balance$5,932,058$6,890,452▲ $958,394

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$531,482$26,750▲ $56,170-$609,087
2022$494,447$2,800▲ $49,561-$531,482
2021$534,909$57,775▼ $90,216-$494,447
2020$90,813$423,781▲ $22,977-$534,909
2019$88,062$971▲ $4,488-$90,813
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael MillerExecutive DiFT$74,320$2,973$77,293

Board Members and Trustees

NameTitle
Paul SeatonCGC Chair
Denise PitzmanPresident
Van HawkinsDirector
Doug BailyTrustee
Liz DowningTrustee
Sara ReinertTrustee
Tom ZitzmannTrustee
William BellTrustee
Ken TaylorSecretary
Paula MartinTreasurer, V
Revenue and Support

Revenue Composition

Contributions and Grants
$776,626
Program Service Revenue
$0
Investment Income
$50,760
Other Revenue
$18,475
All Other Contributions
$776,626
Change in Net Assets
$99,199
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$456,314
Salaries, Compensation, and Employee Benefits$169,671
Other Expenses$120,677
Total Fundraising Expense$3,589
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$260,943--$260,943
Grants to Domestic Individuals$195,371--$195,371
Current Officers, Directors, Trustees, and Key Employees-$77,573-$77,573
Other Salaries and Wages-$65,228-$65,228
Fees for Services Other-$34,625-$34,625
Advertising-$25,988$3,589$29,577
Payroll Taxes-$26,482-$26,482
Fees for Service Investment Mgmnt Fees$22,500--$22,500
Conferences and Meetings-$12,739-$12,739
Office Expenses$16$10,668-$10,684
Fees for Services Accounting-$4,500-$4,500
Insurance-$3,902-$3,902
Other Expenses-$2,150-$2,150
Other Employee Benefits-$388-$388
Total Functional Expenses$478,830$264,243$3,589$746,662
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Homer Community Food PantryHomer, AK501c3Emergency Aid$41,045
Homer Hockey AssociationHomer, AK501c3Operating Support$32,063
Anchor Point Food PantryAnchor Point, AK501c3Operating Support$25,046
Kachemak Nordic Ski ClubHomer, AK501c3Operations$25,000
City of HomerHomer, AKGovSkate Park$20,364
Anchor Point Public LibraryAnchor Point, AK501c3Operations$15,250
Homer Council on the ArtsHomer, AK501c3Arts Education$11,345
Homer OpusHomer, AK501c3Program Dir Support$8,000
West Homer ElementaryHomer, AKGovtOperations$8,000
KbbiHomer, AK501c3Operating Support$7,700
Pier One Theatre IncHomer, AK501c3Operations$7,334
Homer Animal FriendsHomer, AK501c3Operations$6,500
Homer Trails AllianceHomer, AK501c3Trail Maintenance$5,916
City of KachemakHomer, AKGovOperating Support$5,500
Kachemak Heritage Land TrustHomer, AK501c3Conserving Heritage$5,400
Homer Senior CitizensHomer, AK501c3Operating Support$5,050
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Lauren SeatonFamily of BoardEmployeeNo$26,020
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Managed for Others$378,854
Refundable Advances$1,505
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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

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

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 constituients 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
Stacey Schultz
Title
Executive Director
Phone
9072350541
Signed
2026-02-04

Organization Details

Principal Officer
Stacey Schultz
Formed
1991
Legal Domicile
Ak
Voting Board Members
10
Independent Board Members
9
Employees
4
Volunteers
12

Preparer

Firm
Foster and Company LLC
Address
2801 E PALMER WASILLA HWY, WASILLA, AK 99654-7339
Preparer
Michael Foster
Phone
9072905555
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

“Reviewed financial statements were issued subsequent to 990 filing.”

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 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/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010668
IRS990/OfficeExpensesGrp/ProgramServicesAmt016
IRS990/OfficeExpensesGrp/TotalAmt010684
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt091107
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0388
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0388
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02150
IRS990/OtherExpensesGrp/TotalAmt02150
IRS990/OtherLiabilitiesGrp/BOYAmt0337037
IRS990/OtherLiabilitiesGrp/EOYAmt0380359
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0CHANGE IN ENDOWMENT FUNDS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt017245
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt017245
IRS990/OtherRevenueTotalAmt017245
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt065228
IRS990/OtherSalariesAndWagesGrp/TotalAmt065228
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026482
IRS990/PayrollTaxesGrp/TotalAmt026482
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt052000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt058550
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02250
IRS990/PrincipalOfficerNm0STACEY SCHULTZ
IRS990/PriorPeriodAdjustmentsAmt0-41817
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0CITY OF HOMER GRANTS PROGRAM: THE CITY OF HOMER AND THE HOMER FOUNDATION HAVE AN AGREEMENT TO ALLOCATE GENERAL OPERATING DOLLARS TO AREA NONPROFITS THROUGH A COMPETETIVE GRANTS RPOCESS. THIS YEAR, 13 ORGANIZATIONS RECEIVED SUPPORT THROUGH THIS PROGRAM WITH GRANTS BETWEEN 4,500 AND 1,000.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt034170
IRS990/ProgSrvcAccomActy2Grp/GrantAmt034170
IRS990/ProgSrvcAccomActy3Grp/Desc0SCHOLARSHIPS: 19 SCHOLARSHIPS TO SUPPORT AREA STUDENTS IN THEIR POST- SECONDARY EDUCATION. THESE SCHOLARSHIPS VARIED BETWEEN 1,000-7,000.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt046000
IRS990/ProgSrvcAccomActy3Grp/GrantAmt046000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ALL OTHER PROGRAMS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0169746
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt0115800
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01056538
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0291304
IRS990/PYInvestmentIncomeAmt0118333
IRS990/PYOtherExpensesAmt0237221
IRS990/PYOtherRevenueAmt0-388
IRS990/PYRevenuesLessExpensesAmt0494142
IRS990/PYSalariesCompEmpBnftPaidAmt0151816
IRS990/PYTotalExpensesAmt0680341
IRS990/PYTotalRevenueAmt01174483
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt099199
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0148519
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0REFUNDS, REBATES, REIMBURSEMENTS 12,493
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0776626
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01056538
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01019802
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01808340
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0568085
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05229391
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt050760
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0120314
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0118353
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0111130
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt076599
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0477156
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt018751
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt012493
IRS990ScheduleA/OtherIncome170Grp/TotalAmt012493
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.73100
IRS990ScheduleA/PublicSupportPY170Pct00.70730
IRS990ScheduleA/PublicSupportTotal170Amt04182192
IRS990ScheduleA/SubstantialContributorsTotAmt01047199
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0776626
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01056538
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01019802
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01808340
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0568085
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05229391
IRS990ScheduleA/TotalSupportAmt05721092
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt0687
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt01365
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt02052
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/AdministrativeExpensesAmt0-5315
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0531482
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt026750
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0609087
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt056170
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0-15326
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0494447
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02800
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0531482
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt049561
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0-8021
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0534909
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt057775
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0494447
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-90216
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt02662
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt090813
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0423781
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0534909
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt022977
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt02709
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt088062
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0971
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt090813
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04488
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsHeldCnt018
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt01987966
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0378854
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11505
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS MANAGED FOR OTHERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REFUNDABLE ADVANCES
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 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
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalLiabilityAmt0380359
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0195371
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt023
IRS990ScheduleI/RecipientTable/CashGrantAmt025046
IRS990ScheduleI/RecipientTable/CashGrantAmt120364
IRS990ScheduleI/RecipientTable/CashGrantAmt25500
IRS990ScheduleI/RecipientTable/CashGrantAmt341045
IRS990ScheduleI/RecipientTable/CashGrantAmt411345
IRS990ScheduleI/RecipientTable/CashGrantAmt532063
IRS990ScheduleI/RecipientTable/CashGrantAmt68000
IRS990ScheduleI/RecipientTable/CashGrantAmt75050
IRS990ScheduleI/RecipientTable/CashGrantAmt85916
IRS990ScheduleI/RecipientTable/CashGrantAmt95400
IRS990ScheduleI/RecipientTable/CashGrantAmt1025000
IRS990ScheduleI/RecipientTable/CashGrantAmt117700
IRS990ScheduleI/RecipientTable/CashGrantAmt1215250
IRS990ScheduleI/RecipientTable/CashGrantAmt136500
IRS990ScheduleI/RecipientTable/CashGrantAmt147334
IRS990ScheduleI/RecipientTable/CashGrantAmt158000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc2GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501C3

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,890,452
Liabilities
$432,900
Net assets
$6,457,552
Revenue
$845,861
Expenses
$746,662
Net income
$99,199
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
2024Detailed filing. Detailed filing data is available for this year.$6.89$0.43$6.46$0.85$0.75$0.10
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
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $5M-$10M nonprofits