Helen E Snedden Foundation
- Assets
- $8.6m
- Revenue
- $4.4m
- Investments
- $1.1m
- Employees
- 0
- Location
- Fairbanks, AK
- Founding
- 07/2014
- Data as of
- 12/2022
- 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 12/2022, Helen E Snedden Foundation generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 35.6% each year . All expenses for the organization totaled $4.9m during the year ending 12/2022. While expenses have increased by 30.0% per year over the past 8 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
2022
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 | $111,931 | |
Kevin Bumgarner Kdm Publishe | 40 | $80,888 | |
Thomas P Gilligan Advertising | 40 | $61,020 | |
Tury M Anderson Plant & Prod | 40 | $71,293 | |
Brian Webster Digital Mana | 40 | $61,436 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,110 |
| Interest on Savings | $10,516 |
| Dividends & Interest | $24,072 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,622 |
| Capital Gain Net Income | $18,851 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,329,060 |
| Total Revenue | $4,417,380 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $96,667 |
| Other employee salaries and wages | $2,042,206 |
| Pension plans, employee benefits | $555,142 |
| Interest | $0 |
| Taxes | $75,983 |
| Depreciation | $0 |
| Occupancy | $251,184 |
| Travel, conferences, and meetings | $11,970 |
| Printing and publications | $0 |
| Other expenses | $1,873,704 |
| Total operating and administrative expenses | $4,921,932 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,921,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,599 |
| Savings and temporary cash investments | $47,990 |
| Net Accounts receivable | $653,283 |
| 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 | $103,249 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $712,156 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,514,432 |
| Total assets | $8,640,177 |
| Accounts payable and accrued expenses | $312,194 |
| Grants payable | $0 |
| Deferred revenue | $169,749 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,384,029 |
| Total liabilities | $1,865,972 |
Grants Awarded
Over the last fiscal year, Helen E Snedden Foundation has awarded $393,700 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF NORTH POLE PURPOSE: OUTDOOR MUSIC PARK EQUIPMENT & INSTA | $25,000 |
ALASKA RUSH SOCCER CLUB PURPOSE: SUPPORT YOUTH SPORTS | $1,000 |
FAIRBANKS NORTH STAR BOROUGH PURPOSE: SNEDDEN MEMORIAL PARK IMPROVEMNT | $2,400 |
SNEDDEN FAMILY FOUNDATION PURPOSE: PROGRAM RELATED EQUIPMENT PURCHASES | $365,300 |