Gracealaska
- Assets
- $511.7k
- Revenue
- $775.3k
- Investments
- $0.0
- Employees
- 11
- Location
- Anchorage, AK
- Founding
- 12/2002
- Data as of
- 08/2024
- EIN
- 72-1525990
Organization Overview
Gracealaska, operating under the name Lovealaska, is located in Anchorage, AK. The organization was established in 2002. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2024, Lovealaska employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lovealaska 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 08/2024, Lovealaska generated $775.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $614.9k during the year ending 08/2024. While expenses have increased by 6.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
GRACEALASKA IS A LIFE-CHANGING COALITION OF CORPORATIONS, BUSINESSES, FAITH-BASED ORGANIZATIONS AND CHURCHES THAT DEMONSTRATE GOD'S HEART TO ALASKANS BY MEETING PRACTICAL NEEDS. GRACEALASKA MEETS PRACTICAL NEEDS PRIMARILY THROUGH VOLUNTEER SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRICELESS PROGRAM IS AN ANTI-SEX TRAFFICKING ORGANIZATION THAT WALKS WITH VICTIMS TO FIND NEW LIFE WHILE MEETING PRACTICAL NEEDS. THIS PROGRAM HELPS THESE WOMEN CONNECT TO RESOURCES RANGING FROM EMERGENCY AND LONG-TERM HOUSING, COUNSELING, MEDICAL AND LEGAL SERVICES, JOB TRAINING, EDUCATION COMPLETION, RELOCATIONS SERVICES, AND MOBILE FOOD PANTRY CONNECTIONS.
REFUGE COFFEE - AN INITIATIVE TO DEVELOP WORK SKILLS FOR VICTIMS OF HUMAN TRAFFICING AND SEXUAL ABUSE.
CHOSEN IS AN INITIATIVE DESIGNED TO PAIR KIDS THAT ARE AGING OUT OF FOSTER CARE IN ALASKA WITH TRAINED MENTORS. WE WANT THESE KIDS TO KNOW THEY MATTER, HAVE VALUE, AND ARE WANTED OUR MENTORS WILL CONNECT WITH THEIR MENTEE ON A REGULAR BASIS, AND BE AN ONGOING AND CONSISTENT FORCE FOR GOOD IN THEIR LIFE.
ALASKA NATIVE WOMEN'S RESOURCE GRANT FOR SURVIVORS OF DOMESTIC VIOLENCE AND SEXUAL ASSAIULT FROM CULTURAL SPECIFIC POPULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Legg Executive Di | Officer | 40 | $74,000 |
Rob Fischer V President/ | OfficerTrustee | 2 | $0 |
Sue Floyd President | OfficerTrustee | 4 | $0 |
Bonnie Gregory Director | Trustee | 2 | $0 |
Dave Kester Treasurer/di | OfficerTrustee | 2 | $0 |
Susan Stuart-Kuelper Director/sec | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $224,681 |
| All other contributions, gifts, grants, and similar amounts not included above | $550,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $775,305 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $775,305 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $74,000 |
| Compensation of current officers, directors, key employees. | $30,592 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,851 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,308 |
| Payroll taxes | $33,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,274 |
| Office expenses | $10,397 |
| Information technology | $2,718 |
| Royalties | $0 |
| Occupancy | $56,473 |
| Travel | $19,516 |
| 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 | $18,830 |
| All other expenses | $10,078 |
| Total functional expenses | $614,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,525 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $49,378 |
| 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 | $8,554 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $417,243 |
| Total assets | $511,700 |
| Accounts payable and accrued expenses | $212,932 |
| 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 | $5,161 |
| Total liabilities | $218,093 |
| Net assets without donor restrictions | $37,451 |
| Net assets with donor restrictions | $256,156 |
| 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 | $511,700 |
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