Alaska Airlines Foundation
- Assets
- $8.7m
- Revenue
- $851.6k
- Investments
- $7.2m
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 09/1999
- Data as of
- 12/2020
- EIN
- 92-0166198
Organization Overview
Alaska Airlines Foundation is located in Anchorage, AK. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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 12/2020, Alaska Airlines Foundation generated $851.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $765.0k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Alaska Airlines Foundation has awarded 65 individual grants totaling $750,000. 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 |
|---|---|---|---|
Megan Oullette Vice President And Director | 1 | $0 | |
Tim Horn Director | 1 | $0 | |
Daniel Chun Assistant Secretary & Director | 2 | $0 | |
Timothy Thompson Executive Director | 8 | $0 | |
Marilyn F Romano Vice President And Director | 1 | $0 | |
Beth Fleury Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $357,250 |
| Interest on Savings | $0 |
| Dividends & Interest | $183,570 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $307,329 |
| Capital Gain Net Income | $307,329 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,475 |
| Total Revenue | $851,624 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,948 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $57 |
| Total operating and administrative expenses | $15,005 |
| Contributions, gifts, grants paid | $750,000 |
| Total expenses and disbursements | $765,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,099 |
| Savings and temporary cash investments | $0 |
| 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 | $1,500,000 |
| Total assets | $8,706,721 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Alaska Airlines Foundation has awarded $750,000 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
ALASKA DEVELOPMENT COUNCIL PURPOSE: FUNDING FROM THE ALASKA AIRLINES FOUNDATION WILL SUPPORT STAFF AND SUPPLIES NEEDED FOR EVENTS. EVENT SUPPLIES INCLUDE VOLUNTEER SUPPLIES (T-SHIRTS, FOOD, ETC), VENUE RENTAL, TROPHIES & MEDALS, PRINTING, AND AUDIO-VISUAL SUPPORT. | $50,000 |
THE ALASKA COMMUNITY FOUNDATION PURPOSE: THE FUNDING FROM THE ALASKA AIRLINES FOUNDATION WILL BE USED TO SUPPORT THE AK CAN DO-ALASKA COVID-19 RESPONSE FUND. THE FUNDING FROM THE AK CAN DO RESPONSE FUND WILL PROVIDE IMMEDIATE AND LONG-TERM SUPPORT TO NONPROFITS THAT SERVE ALASKANS WHOSE LIVES HAVE BEEN DEVASTATED BY THE PANDEMIC. | $30,000 |
Seattle, WA PURPOSE: FUNDING FROM THE ALASKA AIRLINES FOUNDATION WILL GO DIRECTLY INTO THE WA FOOD FUND FOR THE PURCHASE OF FOOD, PROTECTIVE EQUIPMENT FOR WORKERS, AND/OR DELIVERY OF FOOD TO FOOD BANKS AND FOOD BANK CUSTOMERS. THE WA FOOD FUND IS A RELIEF FUND THAT SUPPORTS FOOD BANKS AND PANTRIES ACROSS THE STATE. | $25,000 |
Seattle, WA PURPOSE: THE GRANT FROM THE ALASKA AIRLINES FOUNDATION WILL BE ALLOCATED TO EXPENSES TO COVER THE LOW TO NO-COST CHILDCARE FOR ESSENTIAL WORKERS THAT THE Y OFFERED TO THE COMMUNITY. THE YMCA IS COMMITTED TO LEADING SYSTEMS COORDINATION AND/OR PROVIDING DIRECT SERVICES THAT HAVE ADAPTED TO MEET, SERVE, AND SUPPORT CHILDREN OUTSIDE OF TRADITIONAL CENTER-BASED CHILDCARE AT OUR RECREATION CENTERS WHILE THEY ARE CLOSED. THIS PROGRAM OPERATED FROM MARCH - JUNE 2020, IN RESPONSE TO THE ABRUPT SCHOOL CLOSURES, WHICH LEFT FAMILIES WITH FEW OPTIONS FOR CHILDCARE. | $20,000 |
COVENANT HOUSE ALASKA PURPOSE: FUNDING FROM THE ALASKA AIRLINES FOUNDATION SUPPORTS EDUCATION AND EMPLOYMENT SERVICES STAFF, INCLUDING JAG SPECIALISTS, TO IMPLEMENT THE JAG CURRICULUM, AND WILL HELP FUND OTHER OUTLAYS FOR THE PROGRAM INCLUDE EDUCATIONAL SUPPLIES FOR GED TESTING; PROGRAM SUPPLIES INCLUDING FOOD, WORK CLOTHES, BUS PASSES, AND TRAINING FUNDS FOR YOUTH. | $20,000 |
Mountain View, CA PURPOSE: THE FUNDING FROM THE ALASKA AIRLINES FOUNDATION WILL BE USED TO ADDRESS ECONOMIC IMPACTS CAUSED BY THE COVID-19 PANDEMIC. THE SILICON VALLEY STRONG FUND WILL HELP THREE KEY GROUPS: RESIDENTS, BUSINESSES AND COMMUNITY- BASED ORGANIZATIONS. | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thrive Causemetics Foundation Bellevue, WA | $20,524,869 | $56,548,768 |
Craig And Susan Mccaw Foundation Kirkland, WA | $28,302,101 | $3,779,056 |
Charles And Lisa Simonyi Fund For Arts And Sciences Bellevue, WA | $280,771 | $4,496,286 |
Washington Federal Foundation Seattle, WA | $432,898 | $1,750,388 |
Mona Foundation Bellevue, WA | $3,492,593 | $2,286,412 |
Sunbridge Foundation Seattle, WA | $17,388,870 | $784,850 |
Allen Institute For Artificial Intelligence Seattle, WA | $27,885 | $1,097,960 |
Alaska Airlines Foundation Anchorage, AK | $8,706,721 | $851,624 |
Lily Pointe Family Foundation Snoqualmie, WA | $2,848,571 | $159,619 |
Richard And Francine Loeb Family Foundation Seattle, WA | $12,463,398 | $857,355 |
Pemco Foundation Inc Seattle, WA | $0 | $804,414 |
Sarah M Hughes Foundation Seattle, WA | $4,923,296 | $286,514 |