Alaska Christian College
- Assets
- $13.0m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 129
- Location
- Soldotna, AK
- Founding
- 05/2002
- Data as of
- 05/2023
- EIN
- 92-0174205
Organization Overview
Alaska Christian College is located in Soldotna, AK. The organization was established in 2002. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 05/2023, Alaska Christian College employed 129 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Alaska Christian College 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 05/2023, Alaska Christian College generated $6.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $5.2m during the year ending 05/2023. While expenses have increased by 8.0% per year over the past 8 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
POST-SECONDARY BIBLICALLY BASED HIGHER EDUCATION
Describe the Organization's Program Activity:
PROVIDE STUDENTS WITH A THEOLOGICALLY BASED POST-SECONDARY EDUCATION INCLUDING ON CAMPUS SERVICES SUCH AS ROOM AND BOARD, AND OTHER SERVICES SUCH AS TRANSPORTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Hamilton President/ceo | OfficerTrustee | 40 | $73,119 |
Tim Ciccone Chair | OfficerTrustee | 3 | $0 |
Bethany Nyboer Vice Chair | OfficerTrustee | 3 | $0 |
Nora Nagaruk Secretary | OfficerTrustee | 3 | $0 |
Sam Trotzke Treasurer | OfficerTrustee | 3 | $0 |
Michael Emerson Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,814,451 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,647,909 |
| Noncash contributions included in lines 1a–1f | $2,350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,462,360 |
| Total Program Service Revenue | $1,348,613 |
| Investment income | $83,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,483 |
| Net Gain/Loss on Asset Sales | $21,884 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,812 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,993,184 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $598,712 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $293,897 |
| Compensation of current officers, directors, key employees. | $166,806 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,955,630 |
| Pension plan accruals and contributions | $63,013 |
| Other employee benefits | $224,135 |
| Payroll taxes | $134,607 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,594 |
| Fees for services: Other | $270,577 |
| Advertising and promotion | $0 |
| Office expenses | $46,786 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $213,026 |
| Travel | $188,442 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,780 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $368,512 |
| Insurance | $64,469 |
| All other expenses | $228,700 |
| Total functional expenses | $5,156,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,325,435 |
| Savings and temporary cash investments | $2,054,791 |
| Pledges and grants receivable | $331,817 |
| Accounts receivable, net | $7,772 |
| 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 | $7,121,517 |
| Investments—publicly traded securities | $2,134,262 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,975,594 |
| Accounts payable and accrued expenses | $335,665 |
| Grants payable | $0 |
| Deferred revenue | $111,917 |
| 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 | $335,350 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $782,932 |
| Net assets without donor restrictions | $8,910,298 |
| Net assets with donor restrictions | $3,282,364 |
| 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 | $12,975,594 |