Alaska Christian College
- Assets
- $12.3m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 138
- Location
- Soldotna, AK
- Founding
- 05/2002
- Data as of
- 05/2021
- 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 05/2022, Alaska Christian College employed 138 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 05/2021, Alaska Christian College generated $4.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $4.3m during the year ending 05/2021. While expenses have increased by 7.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
POST-SECONDARY BIBLICALLY BASED HIGHER EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 | OfficerTrustee | 40 | $79,616 |
Nora Nagaruk Secretary | OfficerTrustee | 3 | $0 |
Andy Stemp Former Treasurer | OfficerTrustee | 3 | $0 |
Bethany Nyboer Vice Chair | OfficerTrustee | 3 | $0 |
Paul Hawkinson Chair | OfficerTrustee | 3 | $0 |
Jr Wilcox Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $983,226 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,145,637 |
| Noncash contributions included in lines 1a–1f | $43,327 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,128,863 |
| Total Program Service Revenue | $1,676,785 |
| Investment income | $57,834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,420 |
| Net Gain/Loss on Asset Sales | $19,854 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,270 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,929,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $393,458 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,500 |
| Compensation of current officers, directors, key employees. | $40,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,492,591 |
| Pension plan accruals and contributions | $94,578 |
| Other employee benefits | $290,346 |
| Payroll taxes | $106,094 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,435 |
| Fees for services: Other | $560,494 |
| Advertising and promotion | $0 |
| Office expenses | $56,209 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $150,836 |
| Travel | $83,324 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $324,258 |
| Insurance | $51,007 |
| All other expenses | $131,236 |
| Total functional expenses | $4,312,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,109,449 |
| Savings and temporary cash investments | $2,347,698 |
| Pledges and grants receivable | $658,309 |
| Accounts receivable, net | $311,307 |
| 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 | $1,628 |
| Net Land, buildings, and equipment | $6,457,126 |
| Investments—publicly traded securities | $1,380,999 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,266,516 |
| Accounts payable and accrued expenses | $33,807 |
| Grants payable | $0 |
| Deferred revenue | $202,801 |
| 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 | $1,576,201 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,812,809 |
| Net assets without donor restrictions | $7,620,582 |
| Net assets with donor restrictions | $2,833,125 |
| 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 | $12,266,516 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Alaska Christian College has recieved totaling $857,102.
| Awarding Organization | Amount |
|---|---|
M J Murdock Charitable Trust Vancouver, WA PURPOSE: NEW FACILITY CONSTRUCTION | $250,000 |
Rasmuson Foundation Anchorage, AK PURPOSE: CONSTRUCT AN ATHLETIC CENTER IN SOLDOTNA | $200,000 |
M J Murdock Charitable Trust Vancouver, WA PURPOSE: VISION AND CALL INTERNSHIP PROGRAM (PHASE 9 - GRANT CYCLE 1) | $176,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $50,000 |
Servant Foundation Overland Park, KS PURPOSE: EDUCATION | $40,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $39,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Gospel Mission Of Yakima Wash Yakima, WA | $12,139,044 | $14,954,134 |
Lynden Christian School Lynden, WA | $25,367,637 | $13,182,296 |
Alaska Christian College Soldotna, AK | $12,266,516 | $4,929,517 |
Black Diamond Camps Auburn, WA | $11,118,087 | $4,787,824 |
Serving Usa Inc Camas, WA | $2,399,183 | $3,743,258 |
Gospel Outreach College Place, WA | $2,908,412 | $3,734,664 |
Interfaith Works Olympia, WA | $6,843,935 | $4,685,238 |
Jubilee Foundation Pasco, WA | $185,597,086 | $13,515,823 |
Love In Action Ketchikan, AK | $166,852 | $2,613,775 |
Missionary Aviation Repair Center Soldotna, AK | $2,156,713 | $2,522,941 |
Firs Bible & Missionary Conference Bellingham, WA | $5,152,803 | $2,538,744 |
Urban Impact Seattle, WA | $3,204,660 | $2,168,990 |