Arctic Education Foundation
- Assets
- $36.9m
- Revenue
- $4.9m
- Investments
- $33.0m
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 01/1979
- Data as of
- 12/2021
- EIN
- 92-0068447
Organization Overview
Arctic Education Foundation is located in Anchorage, AK. The organization was established in 1979. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arctic Education 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, Arctic Education Foundation generated $4.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Arctic Education Foundation has awarded 2,127 individual grants totaling $9,260,391. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Solomon Director | 1 | $0 | |
Thomas Napageak Jr Chairman/president | 1 | $0 | |
Avaiyak Burnell Treasurer/secretary | 1 | $0 | |
Julius Rexford Vice President | 1 | $0 | |
Lillian Stone Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,018,777 |
| Interest on Savings | $145 |
| Dividends & Interest | $756,842 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,117,188 |
| Capital Gain Net Income | $3,117,188 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,892,952 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $162,294 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $36,540 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $424,352 |
| Total operating and administrative expenses | $730,970 |
| Contributions, gifts, grants paid | $2,874,384 |
| Total expenses and disbursements | $3,605,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,400,908 |
| Savings and temporary cash investments | $1,482,909 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $26,135 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,566,637 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,000,000 |
| Total assets | $36,876,877 |
| Accounts payable and accrued expenses | $36,685 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $155,016 |
| Total liabilities | $191,701 |
Grants Awarded
Over the last fiscal year, Arctic Education Foundation has awarded $2,874,384 in support to 913 organizations.
| Grant Recipient | Amount |
|---|---|
PATRICIA RICE PURPOSE: SCHOLARSHIP | $15,365 |
ANGELICA DAWN TELFAIR PURPOSE: SCHOLARSHIP | $15,166 |
KELSEY C HAAKE PURPOSE: SCHOLARSHIP | $14,640 |
IRIS GRACE LANE SOUTHON PURPOSE: SCHOLARSHIP | $13,375 |
SAMANTHA JUNE WADE PURPOSE: SCHOLARSHIP | $11,694 |
JAMIE LYNN CHRISTENSEN PURPOSE: SCHOLARSHIP | $10,750 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arctic Education Foundation has recieved totaling $2,836.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,836 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Spark Washington Seattle, WA | $104,693,147 | $3,230,019 |
Pwh Educational Foundation Inc Spokane, WA | $62,473,304 | $11,260,767 |
Arctic Education Foundation Anchorage, AK | $36,876,877 | $4,892,952 |
Calista Education And Culture Inc Anchorage, AK | $4,627,713 | $2,487,452 |
Kmr Group Foundation Vancouver, WA | $32,236,591 | $1,808,486 |
Aleut Foundation Anchorage, AK | $925,739 | $1,724,058 |
R Merle Palmer Minority Scholarship Foundation Tacoma, WA | $1,801,300 | $1,443,994 |
Greater Seattle Business Assoc Scholarship Fund Seattle, WA | $4,889,386 | $1,584,416 |
Clementina Foundation Point Roberts, WA | $0 | $984,643 |
Becu Foundation Tukwila, WA | $6,512,431 | $1,024,328 |
Blakemore Foundation Bellevue, WA | $7,042,231 | $805,895 |
Harvey Samuelsen Scholarship Tr Dillingham, AK | $17,904,495 | $1,624,940 |