Old Harbor Scholarship Foundation Inc
- Assets
- $305.1k
- Revenue
- $37.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 03/1996
- Data as of
- 12/2021
- EIN
- 92-0154160
Organization Overview
Old Harbor Scholarship Foundation Inc is located in Anchorage, AK. The organization was established in 1996. 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. Old Harbor Scholarship Foundation Inc 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, Old Harbor Scholarship Foundation Inc generated $37.7k 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 (17.3%) each year. All expenses for the organization totaled $58.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Old Harbor Scholarship Foundation Inc has awarded 348 individual grants totaling $455,746. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST STUDENTS WHO ARE RESIDENTS OF OLD HARBOR ALASKA, WHO ARE SHAREHOLDERS OR THE DEPENDENTS OR LINEAL DESCENDANTS OF SHAREHOLDERS OF OLD HARBOR NATIVE CORPORATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrell Bernsten President | 1 | $0 | |
Freddie Christiansen Secretary | 1 | $0 | |
Melissa Marvin Treasurer | 1 | $0 | |
Darrell Robbins Trustee | 1 | $0 | |
Tarrissa Christiansen Trustee | 1 | $0 | |
Corissa Philemonof Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $37,666 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $65 |
| Total Revenue | $37,731 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,424 |
| Total operating and administrative expenses | $2,424 |
| Contributions, gifts, grants paid | $55,979 |
| Total expenses and disbursements | $58,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,091 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $305,091 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Old Harbor Scholarship Foundation Inc has awarded $78,229 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
TORSTEN DAYN LUND PURPOSE: VOCATIONAL SCHOLARSHIP | $10,000 |
EVA JOY SLATON PURPOSE: VOCATIONAL SCHOLARSHIP | $5,000 |
NICOLE MARTIN PURPOSE: VOCATIONAL SCHOLARSHIP | $5,000 |
HEIDI ALMERIA CHRISTENSEN PURPOSE: TRADITIONAL SCHOLARSHIP | $2,500 |
SCOTT THOMAS LARIONOFF-MELOVEDOFF PURPOSE: TRADITIONAL SCHOLARSHIP | $1,750 |
SCOTT THOMAS LARIONOFF-MELOVEDOFF PURPOSE: TRADITIONAL SCHOLARSHIP | $1,750 |
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 |