Helen E Snedden Foundation
- Assets
- $9.2m
- Revenue
- $5.4m
- Investments
- $1.4m
- Employees
- 0
- Location
- Fairbanks, AK
- Founding
- 07/2014
- Data as of
- 12/2019
- 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.
For the year ending 12/2019, Helen E Snedden Foundation generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 69.5% each year . All expenses for the organization totaled $6.3m during the year ending 12/2019. While expenses have increased by 59.8% per year over the past 5 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
2019
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 | $122,299 | |
Kathryn A Strle General Mana | 30 | $75,693 | |
Tury M Anderson Plant & Prod | 40 | $73,831 | |
Rod C Boyce Editor | 40 | $71,134 | |
Brian Webster Digital Mana | 40 | $70,576 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41,020 |
| Dividends & Interest | $47,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $560,458 |
| Capital Gain Net Income | $26,291 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,745,263 |
| Total Revenue | $5,394,499 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $104,700 |
| Other employee salaries and wages | $3,050,090 |
| Pension plans, employee benefits | $729,473 |
| Interest | $86,231 |
| Taxes | $75,792 |
| Depreciation | $0 |
| Occupancy | $244,341 |
| Travel, conferences, and meetings | $14,570 |
| Printing and publications | $0 |
| Other expenses | $1,938,107 |
| Total operating and administrative expenses | $6,288,529 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $6,288,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,106 |
| Savings and temporary cash investments | $6,340 |
| Net Accounts receivable | $556,848 |
| 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 | $221,010 |
| Prepaid expenses and deferred charges | $54,766 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $606,799 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,841,382 |
| Total assets | $9,152,347 |
| Accounts payable and accrued expenses | $566,798 |
| Grants payable | $0 |
| Deferred revenue | $511,291 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,430,093 |
| Total liabilities | $2,508,182 |
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Samis Foundation Seattle, WA | $94,569,987 | $11,606,495 |
The Russell Family Foundation Gig Harbor, WA | $150,979,015 | $6,860,810 |
Helen E Snedden Foundation Fairbanks, AK | $9,152,347 | $5,394,499 |
Gary E Milgard Family Foundation - Mark Tacoma, WA | $107,759,492 | $3,709,897 |
Gary E Milgard Family Foundation-Cari Tacoma, WA | $103,349,007 | $2,819,850 |
Vatheuer Family Foundation Inc Hobart, WA | $35,751,175 | $3,774,819 |
David And Amy Fulton Foundation Seattle, WA | $71,105,945 | -$65,059 |
Brotman Family Foundation Seattle, WA | $0 | $0 |
Nick And Leslie Hanauer Foundation Seattle, WA | $13,553,045 | $1,813,892 |
Aldarra Foundation Seattle, WA | $0 | $405,075 |
Colson Family Foundation Ridgefield, WA | $7,045,580 | $2,857,617 |
Paul Lauzier Estate Ephrata, WA | $15,309,449 | $2,059,006 |