Ilisagvik College Foundation

Organization Overview

Ilisagvik College Foundation is located in Barrow, AK. The organization was established in 2013. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ilisagvik College Foundation 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 06/2022, Ilisagvik College Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $51.0k during the year ending 06/2022. While expenses have increased by 4.2% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE AND ENHANCE PROGRAMS AND OPERATIONS OF ILISAGVIK COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MANAGE ASSETS AND DEVELOP FINANCIAL SUPPORT FOR ILISAGVIK COLLEGE.


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Board, Officers & Key Employees

Name (title)Compensation
Ann Marie Clark
Treasurer
$0
Angela Cox
President
$0
Lisa Pekich
Secretary
$0
Ida Angasan
Trustee
$0
Amos Aguvluknashookpuk
Trustee
$0
Deborah Edwardson
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$424,868
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$16,337
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$441,205
Total Program Service Revenue$0
Investment income $303,646
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $605,707
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,350,558

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Ilisagvik College Foundation has recieved totaling $27,850.

Awarding OrganizationAmount
Rasmuson Foundation

Anchorage, AK

PURPOSE: RECREATION CENTER IMPROVEMENTS

$25,000
Romo Family Foundation

Wilmington, DE

PURPOSE: K-12 SUMMER CAMPS

$2,500
Rasmuson Foundation

Anchorage, AK

PURPOSE: GENERAL SUPPORT

$300
Rasmuson Foundation

Anchorage, AK

PURPOSE: GENERAL SUPPORT

$50
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$10,469,806
Earnings-$1,009,269
Admin Expense$50,990
Net Contributions$441,205
Ending Balance$9,850,752

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