Southcentral Foundation
- Assets
- $1.3b
- Revenue
- $562.9m
- Investments
- $30.5k
- Employees
- 3,058
- Location
- Anchorage, AK
- Founding
- 12/1982
- Data as of
- 09/2023
- EIN
- 92-0086076
Organization Overview
Southcentral Foundation is located in Anchorage, AK. The organization was established in 1982. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 09/2023, Southcentral Foundation employed 3,058 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southcentral 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 09/2023, Southcentral Foundation generated $562.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $471.9m during the year ending 09/2023. While expenses have increased by 6.0% 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 2015, Southcentral Foundation has awarded 172 individual grants totaling $181,637,154. 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
SEE PART III, LINE 1 AND SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEDERAL FUNDS - ACTIVITIES RELATED TO CONTRACTS WITH IHS, US DHSS, AND DEPT OF AGRICULTURE.
OTHER PROGRAM FUNDS TO IMPROVE HEALTH, EDUCATIONAL, SOCIAL, CULTURAL, AND ECONOMIC CONDITIONS OF ALASKA NATIVE PEOPLE.
STATE FUNDS - ACTIVITIES RELATED TO CONTRACTS WITH THE STATE OF ALASKA DEPARTMENT OF HEALTH AND SOCIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Satow Dentist Specialist | 40 | $958,547 | |
Douglas Eby Vp, Medical Svc | 40 | $747,048 | |
April Kyle President CEO | Officer | 40 | $750,780 |
Ronald Olson Evp CFO | Officer | 40 | $620,715 |
Natalie Tierney Evp Of Org And Dev | 40 | $613,333 | |
Steve Tierney Senior Director | 40 | $506,009 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Roger Hickel Contracting Inc Construction | 9/29/23 | $7,283,333 |
Watterson Construction Co Construction | 9/29/23 | $6,912,072 |
First American Title Insurance Company Construction | 9/29/23 | $3,001,631 |
Ukpeagvik Inupiat Corporation Construction | 9/29/23 | $2,812,708 |
Neeser Construction Inc Construction | 9/29/23 | $1,608,918 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,396 |
| Related organizations | $0 |
| Government grants | $265,209,573 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,318,321 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $267,587,290 |
| Total Program Service Revenue | $272,305,401 |
| Investment income | $21,353,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $235,176 |
| Net Gain/Loss on Asset Sales | -$357,708 |
| Net Income from Fundraising Events | -$117,788 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $562,873,299 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,003,555 |
| Grants and other assistance to domestic individuals. | $2,653,412 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,855,050 |
| Compensation of current officers, directors, key employees. | $1,855,050 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $233,584,837 |
| Pension plan accruals and contributions | $13,331,216 |
| Other employee benefits | $26,628,400 |
| Payroll taxes | $15,405,940 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,743,021 |
| Fees for services: Accounting | $62,679 |
| Fees for services: Lobbying | $99,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,133,477 |
| Fees for services: Other | $116,479,812 |
| Advertising and promotion | $339,125 |
| Office expenses | $2,500,854 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,377,261 |
| Travel | $2,432,238 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,384,994 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,115,937 |
| Insurance | $1,032,171 |
| All other expenses | $5,367,596 |
| Total functional expenses | $471,898,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $617,752 |
| Savings and temporary cash investments | $67,136,081 |
| Pledges and grants receivable | $22,753,035 |
| Accounts receivable, net | $14,619,077 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,165,807 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,888,448 |
| Net Land, buildings, and equipment | $323,953,348 |
| Investments—publicly traded securities | $786,320,391 |
| Investments—other securities | $30,541 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,798,740 |
| Total assets | $1,267,283,220 |
| Accounts payable and accrued expenses | $13,028,809 |
| Grants payable | $0 |
| Deferred revenue | $36,464,773 |
| Tax-exempt bond liabilities | $12,944,670 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $72,772,302 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,820,276 |
| Total liabilities | $176,030,830 |
| Net assets without donor restrictions | $1,090,756,441 |
| Net assets with donor restrictions | $495,949 |
| 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 | $1,267,283,220 |
Grants Awarded
Over the last fiscal year, Southcentral Foundation has awarded $2,003,554 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
F5 PROJECT INC PURPOSE: Health & Behavioral Services | $602,758 |
COOK INLET TRIBAL COUNCIL INC PURPOSE: Health & Behavioral Services | $298,000 |
UNIVERSITY OF WASHINGTON PURPOSE: Health Services | $262,992 |
NORTHERN ARIZONA UNIVERSITY PURPOSE: Health Services | $158,586 |
UNIVERSITY OF ALASKA ANCHORAG PURPOSE: Health Services | $119,272 |
MAYO CLINIC PURPOSE: Health Services | $116,434 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southcentral Foundation Anchorage, AK | $1,267,283,220 | $562,873,299 |
Covenant Medical Group Renton, WA | $128,517,327 | $174,081,657 |
Bethel Family Clinic Bethel, AK | $5,272,341 | $4,347,942 |
Alaska Medical Group Management Association Anchorage, AK | $85,080 | $0 |
Providence Health Assurance Renton, WA | $369,981,271 | -$1,390,552 |