Copper Mountain Foundation
- Assets
- $2.3m
- Revenue
- $138.9k
- Investments
- $2.2m
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 03/1997
- Data as of
- 12/2023
- EIN
- 92-0137461
Organization Overview
Copper Mountain Foundation is located in Anchorage, AK. The organization was established in 1997. 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. Copper Mountain 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, Copper Mountain Foundation generated $138.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $116.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Totemoff President | 10 | $0 | |
Sheri Buretta Director, Chairman | 1 | $0 | |
Kristel Dawn Komakhuk Vice President | 1 | $0 | |
Nanci Lee Robart Secretary & Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $66,466 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,649 |
| Capital Gain Net Income | $15,649 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $56,791 |
| Total Revenue | $138,906 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $6,697 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $819 |
| Depreciation | $7,352 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $44,337 |
| Printing and publications | $0 |
| Other expenses | $43,942 |
| Total operating and administrative expenses | $116,822 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $116,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,621 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,548 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | -$467 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,973,131 |
| Net Land, buildings, and equipment | $57,775 |
| Other assets | $0 |
| Total assets | $2,302,515 |
| Accounts payable and accrued expenses | $2,388 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,388 |
Grants Awarded
Over the last fiscal year, Copper Mountain Foundation has awarded $57,307 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
AMBER TOTEMOFF PURPOSE: SCHOLARSHIP - PORTLAND STATE UNIVERSITY | $3,250 |
ASHLEY BRINK PURPOSE: SCHOLARSHIP - UNIVERSITY OF ALASKA, ANCHORAGE | $2,000 |
BETH PIPKIN PURPOSE: SCHOLARSHIP - EARTHSHIP BIOTECTURE ACADEMY | $750 |
AUSTIN SAMAKIN PURPOSE: SCHOLARSHIP - COWLEY COUNTY COMMUNITY COLLEGE | $2,000 |
CASSI SEPTIEN PURPOSE: SCHOLARSHIP - UNIVERSITY OF ALASKA, ANCHORAGE | $2,000 |
CHRISTOPHER BOSKOFSHY JR PURPOSE: SCHOLARSHIP - NORTHER INDUSTRIAL TRAINING | $2,000 |