Alaska Community Foundation
- Assets
- $191.8m
- Revenue
- $62.7m
- Investments
- $41.3m
- Employees
- 42
- Location
- Anchorage, AK
- Founding
- 10/1996
- Data as of
- 12/2022
- EIN
- 92-0155067
Organization Overview
Alaska Community Foundation is located in Anchorage, AK. The organization was established in 1996. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Alaska Community Foundation employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Community 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 12/2022, Alaska Community Foundation generated $62.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $48.1m during the year ending 12/2022. While expenses have increased by 25.3% per year over the past 7 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 2014, Alaska Community Foundation has awarded 2,259 individual grants totaling $137,864,903. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRING THE SPIRIT OF GIVING AND CONNECTING PEOPLE, ORGANIZATIONS, AND CAUSES TO STRENGTHEN ALASKA'S COMMUNITIES NOW AND FOREVER.
Describe the Organization's Program Activity:
PHILANTHROPIC FUNDS - DONATIONS AND/OR GRANTS EXPENDED FROM THE HOLDINGS OF ENDOWED OR NON-ENDOWED CHARITABLE FUNDS FOR THE SOLE PURPOSE OF MAKING GRANTS TO 501(C)(3) CHARITABLE ORGANIZATIONS IN PERPETUITY OR OTHERWISE.
FINAL ARPA ACT DISTRIBUTIONS - IN CONJUNCTION WITH THE STATE OF ALASKA, DEPARTMENT OF COMMERCE, COMMUNITY AND ECONOMIC DEVELOPMENT THE ALASKA COMMUNITY FOUNDATION DISTRIBUTED GRANTS OF $8.7 MILLION IN SUPPORT OF 97 ORGANIZATIONS ACROSS THE STATE. THESE FUNDS WERE UTILIZED TO ASSIST NONPROFITS AROUND THE STATE IN THEIR RECOVERY FROM THE COVID 19 PANDEMIC.
PICK.CLICK.GIVE - THIS PROGRAM ALLOWS ALASKANS TO DONATE A PORTION OF THEIR PERMANENT FUND DIVIDEND (PFD) TO CAUSES THEY CARE ABOUT STATEWIDE. ALASKA COMMUNITY FOUNDATION (ACF) RUNS THIS PROGRAM TOGETHER WITH THE STATE OF ALASKA TO SUPPORT NON-PROFITS TO WHICH PFD RECIPIENTS CAN DONATE. IN 2022, 23,672 PEOPLE GAVE $3,033,725 TO 635 NON-PROFIT ORGANIZATIONS STATEWIDE THROUGH THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nina Kemppel President & CEO | Officer | 50 | $226,000 |
Kevin Gray CFO | Officer | 45 | $176,000 |
Elizabeth Miller VP Development & Communication | 40 | $133,038 | |
Kathryn Kavanaugh VP Innovation & Admin | 40 | $125,926 | |
Gabe Kompkoff Chair | OfficerTrustee | 2 | $0 |
Jim Palmer Past Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Happy Trails Inc Construction | 12/30/22 | $201,440 |
Roger Hickel Contracting Inc Construction | 12/30/22 | $2,000,000 |
Mash Property Management Building Management | 12/30/22 | $225,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,420,270 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,652,066 |
| Noncash contributions included in lines 1a–1f | $445,509 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,072,336 |
| Total Program Service Revenue | $5,850,693 |
| Investment income | $4,110,467 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,858 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,719,512 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,927,923 |
| 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. | $435,325 |
| Compensation of current officers, directors, key employees. | $221,928 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,448,297 |
| Pension plan accruals and contributions | $198,845 |
| Other employee benefits | $32,964 |
| Payroll taxes | $143,222 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,952 |
| Fees for services: Accounting | $55,568 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $329,365 |
| Fees for services: Other | $2,902,450 |
| Advertising and promotion | $234,634 |
| Office expenses | $63,694 |
| Information technology | $104,566 |
| Royalties | $0 |
| Occupancy | $100,599 |
| Travel | $70,008 |
| 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 | $197,815 |
| Insurance | $34,584 |
| All other expenses | $31,006 |
| Total functional expenses | $48,051,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $796,329 |
| Savings and temporary cash investments | $29,876,347 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,760 |
| 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 | $144,981 |
| Net Land, buildings, and equipment | $13,197,736 |
| Investments—publicly traded securities | $105,796,223 |
| Investments—other securities | $41,343,012 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $617,831 |
| Total assets | $191,830,219 |
| Accounts payable and accrued expenses | $288,264 |
| Grants payable | $631,143 |
| Deferred revenue | $862,501 |
| 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 | $619,539 |
| Total liabilities | $2,401,447 |
| Net assets without donor restrictions | $165,495,091 |
| Net assets with donor restrictions | $23,933,681 |
| 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 | $191,830,219 |
Grants Awarded
Over the last fiscal year, Alaska Community Foundation has awarded $35,621,564 in support to 807 organizations.
| Grant Recipient | Amount |
|---|---|
ARCTIC SLOPE NATIVE ASSOCIATION PURPOSE: Operational Support | $340,000 |
KYUK PURPOSE: Operational Support | $318,147 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: Operational Support | $271,218 |
FAIRBANKS NATIVE ASSOCIATION PURPOSE: Operational Support | $250,600 |
EASTERN ALEUTIAN TRIBES INC PURPOSE: Operational Support | $250,000 |
COMMUNITY CONNECTIONS PURPOSE: Operational Support | $245,831 |