Helen E Snedden Foundation
- Assets
- $8.8m
- Revenue
- $5.0m
- Investments
- $1.2m
- Employees
- 0
- Location
- Fairbanks, AK
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-6702453
Organization Overview
Helen E Snedden Foundation is located in Fairbanks, AK. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Helen E Snedden Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Helen E Snedden Foundation generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.2% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 34.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE AND PROVIDE THE RESIDENCE OF ALASKA WITH LOCAL NEWS, EVENTS, AND ACTIVITIES. ALSO, TO EDUCATE THE PUBLIC ABOUT THEIR LOCAL GOVERNMENT ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard E Harris Publisher | 40 | $126,250 | |
Kevin Bumgarner Kdm Publishe | 40 | $83,000 | |
Alan Hoover Audience Dir | 40 | $75,618 | |
Brian Webster Digital Mana | 40 | $70,000 | |
Thomas P Gilligan Advertising | 40 | $59,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $794,727 |
| Interest on Savings | $11,072 |
| Dividends & Interest | $28,221 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,782 |
| Capital Gain Net Income | $27,849 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,149,681 |
| Total Revenue | $5,012,483 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $105,000 |
| Other employee salaries and wages | $2,124,677 |
| Pension plans, employee benefits | $585,300 |
| Interest | $5,123 |
| Taxes | $76,511 |
| Depreciation | $0 |
| Occupancy | $236,283 |
| Travel, conferences, and meetings | $6,365 |
| Printing and publications | $0 |
| Other expenses | $1,630,074 |
| Total operating and administrative expenses | $4,785,259 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,785,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,067 |
| Savings and temporary cash investments | $36,956 |
| Net Accounts receivable | $676,940 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $121,464 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $832,311 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,514,432 |
| Total assets | $8,832,360 |
| Accounts payable and accrued expenses | $179,484 |
| Grants payable | $0 |
| Deferred revenue | $349,557 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,145,855 |
| Total liabilities | $1,674,896 |
Grants Awarded
Over the last fiscal year, Helen E Snedden Foundation has awarded $393,700 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Fairbanks, AK PURPOSE: PROGRAM RELATED EQUIPMENT PURCHASES | $365,300 |
CITY OF NORTH POLE PURPOSE: OUTDOOR MUSIC PARK EQUIPMENT & INSTA | $25,000 |
FAIRBANKS NORTH STAR BOROUGH PURPOSE: SNEDDEN MEMORIAL PARK IMPROVEMNT | $2,400 |
ALASKA RUSH SOCCER CLUB PURPOSE: SUPPORT YOUTH SPORTS | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Helen E Snedden Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Alaska Community Foundation Anchorage, AK | | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gary E Milgard Family Foundation-Cari Tacoma, WA | $114,220,911 | $3,602,287 |
Samis Foundation Seattle, WA | $93,922,239 | $13,751,752 |
The Russell Family Foundation Gig Harbor, WA | $102,077,149 | $6,093,203 |
Gary E Milgard Family Foundation - Mark Tacoma, WA | $117,467,534 | $7,345,386 |
The Sarkowsky Family Charitable Foundation Seattle, WA | $565,957 | $3,012,734 |
David And Amy Fulton Foundation Seattle, WA | $63,197,245 | $1,065,965 |
Helen E Snedden Foundation Fairbanks, AK | $8,832,360 | $5,012,483 |
Sahsen Foundation Seattle, WA | $120,057,207 | $11,828,075 |
Vatheuer Family Foundation Inc Hobart, WA | $0 | $3,733,677 |
Crystal Spring Foundation Seattle, WA | $0 | $2,197,015 |
Mooney Charitable Trust Seattle, WA | $0 | $134,132 |
Hoveida Family Foundation Bainbridge Island, WA | $72,514,243 | $1,071,136 |