Arctic Slope Community Foundation
- Assets
- $9.3m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Anchorage, AK
- Founding
- 12/2010
- Data as of
- 12/2023
- EIN
- 27-2247740
Organization Overview
Arctic Slope Community Foundation is located in Anchorage, AK. The organization was established in 2010. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Arctic Slope Community Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arctic Slope Community 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 12/2023, Arctic Slope Community Foundation generated $4.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $5.4m during the year ending 12/2023. While expenses have increased by 9.2% per year over the past 8 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.
Since 2014, Arctic Slope Community Foundation has awarded 122 individual grants totaling $14,499,117. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHEN OUR CULTURE OF GIVING AND IMPROVE THE QUALITY ON LIFE AMONG THE PEOPLE OF THE ARCTIC SLOPE REGION OF ALASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AND ADMINISTERING GRANTS TO SUPPORT THE COMMUNITY HEALTH AND ECONOMIC STABILITY OF THE VILLAGES OF POINT HOPE, POINT LAY, WAINWRIGHT, ATQASUK, UTQIAGVIK, NUIQSUT, ANAKTUVUK PASS, AND KAKTOVIK. THE ARCTIC SLOPE COMMUNITY FOUNDATION WILL LEVERAGE THE CHARITABLE RESOURCES OF INDIVIDUALS, BUSINESS, PUBLIC AND PRIVATE FOUNDATIONS, AND OTHER CHARITIES TO MAKE GRANTS TO SUPPORT COMMUNITY-BASED SOLUTIONS AND SERVE THE PEOPLE OF THE ARCTIC SLOPE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patuk Glenn Executive Dir. | Officer | 40 | $157,499 |
Ronald Panigeo CFO | Officer | 40 | $148,321 |
Laura Patkotak President | OfficerTrustee | 1 | $0 |
Aqquilluk Hank Board Member | Trustee | 1 | $0 |
Edna Ahmaogak Board Member | Trustee | 1 | $0 |
Rex Rock Sr Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boys And Girls Club Of Ak Subcontractor | 12/30/23 | $1,339,478 |
Icas Contractor | 12/30/23 | $136,500 |
Mcac Contractor | 12/30/23 | $158,125 |
University Of Kansas Subcontractor | 12/30/23 | $422,694 |
Dr Dale Cope Contractor | 12/30/23 | $110,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,135 |
| Related organizations | $0 |
| Government grants | $3,325,990 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,218 |
| Noncash contributions included in lines 1a–1f | $31,135 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,448,343 |
| Total Program Service Revenue | $0 |
| Investment income | $235,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $269,357 |
| Net Income from Fundraising Events | -$10,772 |
| Net Income from Gaming Activities | $104,693 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,054,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,001,249 |
| 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. | $366,756 |
| Compensation of current officers, directors, key employees. | $172,229 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $644,446 |
| Pension plan accruals and contributions | $40,619 |
| Other employee benefits | $182,422 |
| Payroll taxes | $84,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,825 |
| Fees for services: Accounting | $59,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,738 |
| Fees for services: Other | $2,576,401 |
| Advertising and promotion | $1,446 |
| Office expenses | $3,620 |
| Information technology | $29,686 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $279,848 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,211 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,223 |
| Insurance | $4,282 |
| All other expenses | -$89,230 |
| Total functional expenses | $5,438,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,951 |
| Savings and temporary cash investments | $264,570 |
| Pledges and grants receivable | $589,634 |
| 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 | $34,373 |
| Net Land, buildings, and equipment | $22,433 |
| Investments—publicly traded securities | $8,309,860 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,620 |
| Total assets | $9,299,441 |
| Accounts payable and accrued expenses | $582,794 |
| Grants payable | $0 |
| Deferred revenue | $68,518 |
| 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 | $93,075 |
| Total liabilities | $744,387 |
| Net assets without donor restrictions | $8,123,878 |
| Net assets with donor restrictions | $431,176 |
| 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 | $9,299,441 |
Grants Awarded
Over the last fiscal year, Arctic Slope Community Foundation has awarded $993,533 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
UTQIAGVIK PRESBYTERIAN CHURCH PURPOSE: Food security | $233,000 |
CITY OF NUIQSUT PURPOSE: Search & rescue equipment | $29,194 |
VILLAGE OF WAINWRIGHT PURPOSE: Tax services, Jamboree, Little Drib | $20,000 |
NAGSRAGMIUT TRIBAL COUNCIL PURPOSE: Food Security | $44,244 |
CITY OF WAINWRIGHT PURPOSE: Community Events | $44,175 |
ALASKA ESKIMO WHALING COMMISS PURPOSE: Whaling equipment | $58,200 |