Anchorage Alumni Foundation Inc
- Assets
- $1.4m
- Revenue
- $87.3k
- Investments
- $1.4m
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 08/1993
- Data as of
- 12/2022
- EIN
- 92-0140338
Organization Overview
Anchorage Alumni Foundation Inc is located in Anchorage, AK. The organization was established in 1993. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Anchorage Alumni Foundation Inc 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, Anchorage Alumni Foundation Inc generated $87.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $81.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Anchorage Alumni Foundation Inc has awarded 154 individual grants totaling $577,858. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES GRANTS AND SCHOLARSHIPS TO BENEFIT THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johnny Gibbons Secretarytreasurer | 4 | $0 | |
Bernard Gatewood President | 4 | $0 | |
Darryl K Sample Assistant Secretary | 2 | $0 | |
Hennies Mcconnell Vice President | 4 | $0 | |
Christopher Gay Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,269 |
| Dividends & Interest | $51,425 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,619 |
| Capital Gain Net Income | $10,619 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $87,313 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $944 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,521 |
| Printing and publications | $0 |
| Other expenses | $485 |
| Total operating and administrative expenses | $19,416 |
| Contributions, gifts, grants paid | $61,712 |
| Total expenses and disbursements | $81,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,710 |
| Savings and temporary cash investments | $49,244 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,409,310 |
| Accounts payable and accrued expenses | $0 |
| 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 | $944 |
| Total liabilities | $944 |
Grants Awarded
Over the last fiscal year, Anchorage Alumni Foundation Inc has awarded $61,712 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA STATE UNIVERSITY PURPOSE: COMMUNITY PRGRAM | $1,000 |
BENEDICT COLLEGE PURPOSE: COMMUNITY PROGRAM | $1,500 |
DELTA RHO BOULE FOUNDATION PURPOSE: COMMUNITY SUPPORT | $1,500 |
FAIRBANKS CHILDRENS MUSEUM PURPOSE: PROGRAM SUPPORT | $1,000 |
THE EAGLE ACADEMY FOUNDATION PURPOSE: PROGRAM SUPPORT | $6,000 |
ST JUDES CHILDRENS HOSPITAL PURPOSE: COMMUNITY SUPPORT | $1,000 |