Atwood Foundation Incorporated
- Assets
- $47.0m
- Revenue
- $965.5k
- Investments
- $44.2m
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 06/1965
- Data as of
- 12/2022
- EIN
- 92-6002571
Organization Overview
Atwood Foundation Incorporated is located in Anchorage, AK. The organization was established in 1965. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Atwood Foundation Incorporated 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 12/2022, Atwood Foundation Incorporated generated $965.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Atwood Foundation Incorporated has awarded 653 individual grants totaling $18,021,097. 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 |
|---|---|---|---|
David Tobin Chairman | 0.5 | $0 | |
Carolyn Heyman Vice Chair | 0.5 | $0 | |
Spencer Shroyer Treasurer/secretary | 1.5 | $0 | |
Maria Downey Director | 0.5 | $0 | |
Natasha Von Imhof Director | 0.5 | $0 | |
Tim Thompson Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Latash Investments Llc | 12/30/20 | $196,251 |
Newsbank Inc | 12/30/20 | $125,405 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7 |
| Interest on Savings | $30 |
| Dividends & Interest | $228,640 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $167,035 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $569,824 |
| Total Revenue | $965,536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $130,250 |
| Depreciation | $141 |
| Occupancy | $26,967 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $67,214 |
| Total operating and administrative expenses | $670,993 |
| Contributions, gifts, grants paid | $1,905,799 |
| Total expenses and disbursements | $2,576,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,623,246 |
| Net Accounts receivable | $150,000 |
| 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 | $28,120,659 |
| Net Land, buildings, and equipment | $5,195 |
| Other assets | $16,557 |
| Total assets | $46,993,471 |
| Accounts payable and accrued expenses | $35,893 |
| 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 | $35,893 |
Grants Awarded
Over the last fiscal year, Atwood Foundation Incorporated has awarded $2,140,799 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
49 WRITERS PURPOSE: VISIT BY JUDITH HEFLAND DOCUMENTARY FILMAKER | $2,500 |
ALASKA ARTS & CULTURE FOUNDATION PURPOSE: STATEWIDE ARTS SUMMIT:SPRING 2023 | $15,000 |
ALASKA ARTS SOUTHEAST INC PURPOSE: SCHOLARSHIPS FOR ANCHORAGE STUDENTS TO 2022 SUMMER CAMP | $20,000 |
ALASKA CHAMBER SINGERS PURPOSE: GENERAL SEASON SUPPORT | $9,000 |
ALASKA CENTER FOR THE PERFORMING ARTS PURPOSE: SUMMER OUTDOOR CONCERT SERIES | $15,000 |
ALASKA COMMUNITY FOUNDATION PURPOSE: THIRD YEAR OF 3 YEAR EXPERIMENT IN IN-DEPTH REPORTING | $235,000 |