Trustees For Alaska Endowment Fund
- Assets
- $7.3m
- Revenue
- $231.3k
- Investments
- $7.3m
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 07/2009
- Data as of
- 09/2021
- EIN
- 26-4023792
Organization Overview
Trustees For Alaska Endowment Fund is located in Anchorage, AK. The organization was established in 2009. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees For Alaska Endowment Fund 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 09/2021, Trustees For Alaska Endowment Fund generated $231.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (25.3%) each year. All expenses for the organization totaled $49.3k during the year ending 09/2021. 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
TO SUPPORT THE CHARITABLE ACTIVITIES PROJECTS AND PROGRAMS OF TRUSTEES FOR ALASKA
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED THE CHARITABLE ACTIVITIES, PROJECTS AND PROGRAMS OF TRUSTEES FOR ALASKA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M James Spitzer Jr President | OfficerTrustee | 0.3 | $0 |
James Stratton VP Secretary | OfficerTrustee | 0.3 | $0 |
Chase Hensel Treasurer | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,734 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,734 |
| Total Program Service Revenue | $0 |
| Investment income | $148,187 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $73,342 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $231,263 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,186 |
| Fees for services: Other | $25 |
| Advertising and promotion | $0 |
| Office expenses | $10 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,322 |
| All other expenses | $0 |
| Total functional expenses | $49,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,330 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,261,627 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,264,957 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $7,105,956 |
| Net assets with donor restrictions | $159,001 |
| 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 | $7,264,957 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trustees For Alaska Endowment Fund has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Semrod Family Private Foundation Naples, FL PURPOSE: QUALIFYING DISTRIBUTION | $2,000 |
Endowment Analysis
| Beg. Balance | $6,240,754 |
| Earnings | $1,063,788 |
| Admin Expense | $46,319 |
| Net Contributions | $9,734 |
| Grants | $3,000 |
| Ending Balance | $7,264,957 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arboretum Foundation Seattle, WA | $5,481,104 | $1,607,358 |
Friends Of Eagle River Nature Center Inc Eagle River, AK | $558,732 | $1,472,347 |
Friends Of Lakewood Lakewood, WA | $2,245,343 | $1,016,543 |
Bellevue Botanical Garden Society Bellevue, WA | $3,036,634 | $855,722 |
Oregonians In Action Fund Tukwila, WA | $0 | $7,160 |
Katmai Conservancy Anchorage, AK | $327,216 | $549,706 |
B & L Woodwaste Custodial Trust Olympia, WA | $3,926,353 | $191,827 |
Friends Of The Conservatory Seattle, WA | $110,116 | $0 |
Friends Of Chugach National Forest Avalanche Information Center Anchorage, AK | $266,985 | $220,000 |
Mount Vernon Parks Foundation Mount Vernon, WA | $68,264 | $0 |
Trustees For Alaska Endowment Fund Anchorage, AK | $7,264,957 | $231,263 |
Yakima Arboretum Foundation Yakima, WA | $2,049,847 | $2,157,546 |