First Alaskans Endowment Fund
- Assets
- $19.9m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 06/2001
- Data as of
- 12/2021
- EIN
- 92-0174163
Organization Overview
First Alaskans Endowment Fund is located in Anchorage, AK. The organization was established in 2001. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. First Alaskans Endowment Fund 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, First Alaskans Endowment Fund generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $733.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRUE TO IDENTITY, HERITAGE, AND VALUES, ALASKA NATIVES ARE INFORMED AND ENGAGED IN LEADING THE DECISIONS THAT SHAPE THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST ALASKANS ENDOWMENT FUND SUPPORTS FIRST ALASKANS INSTITUTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willie Iggiagruk Hensley Chair | OfficerTrustee | 1 | $0 |
Sam Kito Jr Vice Chair | OfficerTrustee | 1 | $0 |
Valerie Davidson Secretary/tr | OfficerTrustee | 1 | $0 |
Elizabeth David Finance Dire | Officer | 40 | $0 |
Elizabeth Medicine Crow President/ce | Officer | 40 | $0 |
Albert Kookesh Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $558,355 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,001,442 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,559,797 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $650,621 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $82,954 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $733,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,558 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,563 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $19,857,181 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,926,302 |
| Accounts payable and accrued expenses | $17,200 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $17,200 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $19,909,102 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,926,302 |
Endowment Analysis
| Beg. Balance | $17,825,343 |
| Earnings | $2,031,838 |
| Ending Balance | $19,857,181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kawerak Inc Nome, AK | $61,502,576 | $32,064,437 |
Water First International Seattle, WA | $2,744,455 | $2,323,784 |
Fsc I&p Seattle, WA | $1,490,592 | $1,381,330 |
Ikatu Foundation Coupeville, WA | $8,280,121 | $112,583 |
Arches Alaska Homer, AK | $372,766 | $923,380 |
First Alaskans Endowment Fund Anchorage, AK | $19,926,302 | $1,559,797 |
Central Washington Catholic Foundation Yakima, WA | $5,528,844 | $913,088 |
300sl Foundation Fox Island, WA | $175,326 | $622,398 |
For The Kids Foundation Inc Anchorage, AK | $481,450 | $584,045 |
Jewish Day School Supporting Fndn Bellevue, WA | $0 | $0 |
Heed Uganda Edmonds, WA | $177,842 | $412,442 |
Nick And Michele Keller Family Foundation Seattle, WA | $5,488,877 | $413,833 |