Kea Educational Foundation Inc

Organization Overview

Kea Educational Foundation Inc is located in Kodiak, AK. The organization was established in 2010. 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. Kea Educational Foundation Inc 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 12/2023, Kea Educational Foundation Inc generated $64.5k 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 (25.0%) each year. All expenses for the organization totaled $52.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE KEA EDUCATIONAL FOUNDATION GENERATED $36,772 IN FUNDS IN 2023. THIS REVENUE WAS DERIVED FROM THREE SOURCES: 1) CONTRIBUTIONS FROM KODIAK ELECTRIC ASSOCIATION MEMBERS THAT ELECTED TO ROUND UP THEIR MONTHLY BILL AS A DONATION OR ELECTED TO DONATE THEIR CAPITAL CREDITS TO THE KEA EDUCATIONAL FOUNDATION. THESE DONATIONS TOTALED $16,772. 2) COBANK SHARING SUCCESS PROGRAM. COBANK WILL MATCH UP TO $10,000 TO 501(C)3 ORGANIZATIONS. KODIAK ELECTRIC ASSOCIATION AND COBANK EACH DONATED $10,000 IN 2023. 3) INVESTMENT GAIN OF $42,235 WAS GENERATED IN 2023. THE KEA EDUCATIONAL FOUNDATION PAID 12 SCHOLARSHIPS FOR A TOTAL AMOUNT OF $42,500 IN 2023.


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Board, Officers & Key Employees

Name (title)Compensation
Daniel Menth
Executive Director
$0
Linda Freed
Secretary/treasurer
$0
Ron Acarregui
Chairman
$0
Ben Millstein
Vice Chairman
$0
Cliff Davidson
Director
$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$36,772
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$36,772
Total Program Service Revenue$0
Investment income $27,707
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $64,479

Peer Organizations

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