Chenega Future Incorporated
- Assets
- $771.1k
- Revenue
- $150.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 10/1990
- Data as of
- 12/2022
- EIN
- 94-3111730
Organization Overview
Chenega Future Incorporated is located in Anchorage, AK. The organization was established in 1990. 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. Chenega Future 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, Chenega Future Incorporated generated $150.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.5%) each year. All expenses for the organization totaled $438.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Chenega Future Incorporated has awarded 63 individual grants totaling $457,409. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AND OTHER EDUCATIONAL, TRAINING AND INTERNSHIP PROGRAMS
MEDICAL, TREATMENT AND FUNERAL EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lloyd Kompkoff Executive Director | 40 | $0 | |
Michael Pipkin Chairman | 1 | $2,500 | |
Joseph Kompkoff Jr Vice President | 1 | $1,800 | |
Leann Higgins Secretary/treasurer | 1 | $4,000 | |
Rami Paulson Board Member | 1 | $3,300 | |
Michael Vigil Board Member | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $150,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $52,194 |
| Occupancy | $117,747 |
| Travel, conferences, and meetings | $31,935 |
| Printing and publications | $0 |
| Other expenses | $89,157 |
| Total operating and administrative expenses | $321,673 |
| Contributions, gifts, grants paid | $116,494 |
| Total expenses and disbursements | $438,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2,402 |
| 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 | $7,721 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $756,741 |
| Other assets | $8,999 |
| Total assets | $771,059 |
| 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 | $10,291 |
| Total liabilities | $10,291 |
Grants Awarded
Over the last fiscal year, Chenega Future Incorporated has awarded $116,494 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AVAILABLE UPON REQUEST PURPOSE: FUNERAL EXPENSES | $15,407 |
AVAILABLE UPON REQUEST PURPOSE: FUNERAL EXPENSES | $19,334 |
AVAILABLE UPON REQUEST PURPOSE: FUNERAL EXPENSES | $2,584 |
AVAILABLE UPON REQUEST PURPOSE: FUNERAL EXPENSES | $7,058 |
AVAILABLE UPON REQUEST PURPOSE: FUNERAL EXPENSES | $15,315 |
JEAN SHANAGIN PURPOSE: EDUCATION | $4,500 |