Alaska Community Foundation
- Assets
- $168.1m
- Revenue
- $93.6m
- Investments
- $0.0
- Employees
- 31
- Location
- Anchorage, AK
- Founding
- 10/1996
- Data as of
- 12/2020
- EIN
- 92-0155067
Organization Overview
Alaska Community Foundation is located in Anchorage, AK. The organization was established in 1996. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Alaska Community Foundation employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Community 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 12/2020, Alaska Community Foundation generated $93.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 42.7% each year . All expenses for the organization totaled $65.1m during the year ending 12/2020. While expenses have increased by 37.2% per year over the past 6 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.
Since 2014, Alaska Community Foundation has awarded 1,452 individual grants totaling $102,243,339. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRING THE SPIRIT OF GIVING AND CONNECTING PEOPLE, ORGANIZATIONS, AND CAUSES TO STRENGTHEN ALASKA'S COMMUNITIES NOW AND FOREVER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILANTHROPIC FUNDS - DONATIONS AND/OR GRANTS EXPENDED FROM THE HOLDINGS OF ENDOWED OR NON-ENDOWED CHARITABLE FUNDS FOR THE SOLE PURPOSE OF MAKING GRANTS TO 501(C)(3) CHARITABLE ORGANIZATIONS IN PERPETUITY OR OTHERWISE.
CARES AND ARPA ACT DISTRIBUTIONS - IN CONJUNCTION WITH THE STATE OF ALASKA, DEPARTMENT OF HEALTH & SOCIAL SERVICES, AND PRIVATE PARTNERS, THE ALASKA COMMUNITY FOUNDATION DISTRIBUTED GRANTS OF $16 MILLION IN SUPPORT TO 314 ORGANIZATIONS ACROSS THE STATE. IN THE MIDST OF A CONTINUING PANDEMIC, ALASKANS WERE ASKED TO FIND NEW WAYS TO CONFRONT THE HEALTH AND ECONOMIC CRISES THAT THREATENED OUR COMMUNITIES. THE ALASKA COMMUNITY FOUNDATION, IN CONJUNCTION WITH PUBLIC AND PRIVATE PARTNERS CREATED FUNDS DEDICATED TO SUPPORTING THOSE PROVIDING CRITICAL FRONTLINE SERVICES, PANDEMIC-RELATED COMMUNITY SERVICES, RECOVERY EFFORTS, AND TO PROVIDE SAFE PROGRAM DELIVERY.
PICK.CLICK.GIVE - THIS PROGRAM ALLOWS ALASKANS TO DONATE A PORTION OF THEIR PERMANENT FUND DIVIDEND (PFD) TO CAUSES THEY CARE ABOUT STATEWIDE. ALASKA COMMUNITY FOUNDATION (ACF) RUNS THIS PROGRAM TOGETHER WITH THE STATE OF ALASKA TO SUPPORT NON-PROFITS TO WHICH PFD RECIPIENTS CAN DONATE. IN 2021, 25,534 PEOPLE GAVE $3,033,050 TO 611 NON-PROFIT ORGANIZATIONS STATEWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nina Kemppel President & CEO | Officer | 50 | $225,000 |
Kevin Gray CFO | Officer | 45 | $179,615 |
Elizabeth Miller VP Development & Communication | 40 | $128,615 | |
Kathryn Kavanaugh VP Innovation & Admin | 40 | $123,019 | |
Eleanor Huffines VP Program & Grants | 40 | $120,000 | |
Sharon Samuels VP Admin & Hr | 40 | $116,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sjjl Calais Office I Llc Rent | 12/30/21 | $173,720 |
Nana Management Services Llc Building Management | 12/30/21 | $162,232 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,136,664 |
| Investment income | $2,367,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,015,262 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,626,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $402,163 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $456,520 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,169,873 |
| Pension plan accruals and contributions | $18,586 |
| Other employee benefits | $154,627 |
| Payroll taxes | $122,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,379 |
| Fees for services: Accounting | $37,500 |
| Fees for services: Lobbying | $9,590 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $246,945 |
| Fees for services: Other | $305,182 |
| Advertising and promotion | $244,526 |
| Office expenses | $72,435 |
| Information technology | $90,181 |
| Royalties | $0 |
| Occupancy | $222,111 |
| Travel | $17,187 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,414 |
| Insurance | $16,977 |
| All other expenses | $0 |
| Total functional expenses | $65,118,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,942,496 |
| Savings and temporary cash investments | $10,937,148 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $358,105 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $83,206 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $141,263,098 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $168,147,953 |
| Accounts payable and accrued expenses | $665,450 |
| Grants payable | $621,080 |
| Deferred revenue | $2,116,577 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,403,107 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $164,744,846 |
Grants Awarded
Over the last fiscal year, Alaska Community Foundation has awarded $22,193,303 in support to 403 organizations.
| Grant Recipient | Amount |
|---|---|
Anchorage, AK PURPOSE: Operational Support | $594,950 |
Fairbanks, AK | | $501,000 |
Anchorage, AK | | $466,100 |
Nome, AK | | $434,935 |
Soldotna, AK | | $431,000 |
CITY OF EMMONAK | | | $396,878 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alaska Community Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
The Wilson Family Foundation High Point, NC PURPOSE: CHARITABLE CONTRIBUTION | $50,000 |
Endowment Analysis
| Beg. Balance | $102,066,976 |
| Earnings | $9,650,222 |
| Admin Expense | $1,127,923 |
| Net Contributions | $8,947,937 |
| Grants | $2,740,755 |
| Ending Balance | $116,796,457 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alaska Community Foundation Anchorage, AK | $168,147,953 | $93,626,867 |
Community Foundation For Southwest Washington Vancouver, WA | $320,798,451 | $21,245,317 |
Innovia Foundation Spokane, WA | $167,789,472 | $30,081,757 |
Greater Tacoma Community Foundation Tacoma, WA | $166,592,589 | $24,675,694 |
Community Foundation Of North Central Washington Wenatchee, WA | $129,475,587 | $18,614,873 |
Whatcom Community Foundation Bellingham, WA | $61,418,992 | $32,311,600 |
Blue Mountain Community Foundation Walla Walla, WA | $59,624,094 | $14,162,735 |
Yakima Valley Community Foundation Yakima, WA | $80,915,823 | $19,701,329 |
Juneau Community Foundation Juneau, AK | $82,810,614 | $6,137,568 |
Community Foundation Of Snohomish County Everett, WA | $51,296,885 | $18,033,036 |
Grays Harbor Community Foundation Hoquiam, WA | $92,662,393 | $9,054,377 |
Community Foundation Of South Puget Sound Olympia, WA | $40,148,755 | $4,208,918 |