Best Beginnings
- Assets
- $371.4k
- Revenue
- $585.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Anchorage, AK
- Founding
- 05/2013
- Data as of
- 06/2022
- EIN
- 45-5066055
Organization Overview
Best Beginnings is located in Anchorage, AK. The organization was established in 2013. 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 06/2022, Best Beginnings employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Best Beginnings 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, Best Beginnings generated $585.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $623.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Best Beginnings has awarded 42 individual grants totaling $846,764. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BEST BEGINNINGS MOBLIZIES PEOPLE AND RESOURCES TO ENSURE ALL ALASKA CHILDREN BEGIN SCHOOL READY TO SUCCEED. FREE, QUALITY BOOKS TO MORE THAN 18,000 CHILDREN 0-5 IN OVER 100 COMMUNITIES. PARENT EDUCATION AND COMMUNITY CAMPAIGNS ON EARLY CHILDHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITERACY AND LANGUAGE DEVELOPMENT - BEST BEGINNINGS IS THE STATEWIDE SPONSOR OF IMAGINATION LIBRARY IN ALASKA AND PROVIDES TRAINING, TECHNICAL ASSISTANCE, AND SOME FUNDING TO AFFILIATES IN ALASKA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abbe Hensley Executive Di | Officer | 40 | $93,923 |
Amie Collins Current Executive Di | Officer | 0 | $0 |
Selena Hopkins-Kendall Chair | OfficerTrustee | 1.5 | $0 |
Neisha Jones Secretary | OfficerTrustee | 1 | $0 |
Jesse Kreger Treasurer | OfficerTrustee | 1 | $0 |
Stefanie O'brien Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $390,080 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,187 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $556,267 |
| Total Program Service Revenue | $28,423 |
| Investment income | $1,214 |
| 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 | $585,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $83,127 |
| 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. | $93,922 |
| Compensation of current officers, directors, key employees. | $20,610 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,574 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,185 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40 |
| Fees for services: Accounting | $18,082 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,269 |
| Advertising and promotion | $0 |
| Office expenses | $8,984 |
| Information technology | $7,926 |
| Royalties | $0 |
| Occupancy | $16,313 |
| 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 | $5,029 |
| All other expenses | $0 |
| Total functional expenses | $623,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $358,032 |
| 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 | $10,379 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,987 |
| Total assets | $371,398 |
| Accounts payable and accrued expenses | $30,876 |
| 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 | $47,665 |
| Total liabilities | $78,541 |
| Net assets without donor restrictions | $64,218 |
| Net assets with donor restrictions | $228,639 |
| 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 | $371,398 |
Grants Awarded
Over the last fiscal year, Best Beginnings has awarded $70,310 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH STAR IMAGINATION LIBRARY PURPOSE: IMAGINATION LIBRARY | $22,250 |
MAT-SU IMAGINATION LIBRARY PURPOSE: IMAGINATION LIBRARY | $17,800 |
AEYC SOUTHEAST ALASKA PURPOSE: IMAGINATION LIBRARY | $16,020 |
SPROUT FAMILY SERVICES PURPOSE: IMAGINATION LIBRARY | $5,340 |
BRIDGES COMMUNITY RESOURCES NETWORK PURPOSE: IMAGINATION LIBRARY | $8,900 |