Copper Mountain Foundation
- Assets
- $2.4m
- Revenue
- $98.1k
- Investments
- $2.2m
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 03/1997
- Data as of
- 12/2021
- 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 12/2021, Copper Mountain Foundation generated $98.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $40.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 7 years. 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
2021
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 |
|---|---|---|---|
Sheri Buretta Director, Chairman | 1 | $0 | |
Angela Totemoff President | 10 | $0 | |
Kristel Dawn Komakhuk Vice President | 1 | $0 | |
Nanci Lee Robart Secretary & Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,698 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,481 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,517 |
| Capital Gain Net Income | $56,517 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $395 |
| Total Revenue | $98,091 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $4,200 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $932 |
| Printing and publications | $0 |
| Other expenses | $30,303 |
| Total operating and administrative expenses | $40,560 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $40,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,016 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $939 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,040,990 |
| Net Land, buildings, and equipment | $46,028 |
| Other assets | $0 |
| Total assets | $2,357,293 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $20,770 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,770 |
Grants Awarded
Over the last fiscal year, Copper Mountain Foundation has awarded $57,307 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
JANSSEN FUNERAL HOMES PURPOSE: BURIAL ASSISTANCE | $5,000 |
TONYA KOMAKHUK PURPOSE: SCHOLARSHIP - UNIVERSITY OF ALASKA, ANCHORAGE | $3,500 |
WITZLEBEN FUNERAL SERVICES PURPOSE: BURIAL ASSISTANCE | $3,336 |
AMBER TOTEMOFF PURPOSE: SCHOLARSHIP - PORTLAND STATE UNIVERSITY | $3,250 |
EDWARD OLSEN PURPOSE: SCHOLARSHIP - WESTERN GOVERNOR'S UNIVERSITY | $2,625 |
EVERGREEN CHAPEL PURPOSE: BURIAL ASSISTANCE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Spark Washington Seattle, WA | $104,693,147 | $3,230,019 |
Pwh Educational Foundation Inc Spokane, WA | $62,473,304 | $11,260,767 |
Arctic Education Foundation Anchorage, AK | $36,876,877 | $4,892,952 |
Calista Education And Culture Inc Anchorage, AK | $4,627,713 | $2,487,452 |
Kmr Group Foundation Vancouver, WA | $32,236,591 | $1,808,486 |
Aleut Foundation Anchorage, AK | $925,739 | $1,724,058 |
R Merle Palmer Minority Scholarship Foundation Tacoma, WA | $1,801,300 | $1,443,994 |
Greater Seattle Business Assoc Scholarship Fund Seattle, WA | $4,889,386 | $1,584,416 |
Clementina Foundation Point Roberts, WA | $0 | $984,643 |
Becu Foundation Tukwila, WA | $6,512,431 | $1,024,328 |
Blakemore Foundation Bellevue, WA | $7,042,231 | $805,895 |
Harvey Samuelsen Scholarship Tr Dillingham, AK | $17,904,495 | $1,624,940 |