Choggiung Educational Endowment Foundation
- Assets
- $428.1k
- Revenue
- $45.5k
- Investments
- $416.6k
- Employees
- 0
- Location
- Dillingham, AK
- Founding
- 03/1996
- Data as of
- 09/2022
- EIN
- 92-0155519
Organization Overview
Choggiung Educational Endowment Foundation is located in Dillingham, 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. Choggiung Educational Endowment 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 09/2022, Choggiung Educational Endowment Foundation generated $45.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.0%) each year. All expenses for the organization totaled $34.9k during the year ending 09/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, THE FOUNDATION GRANTED 12 SCHOLARSHIPS TOSHAREHOLDERS OF CHOGGIUNG LIMITED & THEIR DECENDANTS.THE SCHOLARSHIPS WERE USED FOR TUITION PAYMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Inez Bielefeld Officer | 0.75 | $0 | |
Sheila Schroeder Officer | 0.75 | $0 | |
Jean Barrett Chairman | 0.75 | $0 | |
Ida Backford Officer | 0.75 | $0 | |
Marina Hiratsuka Officer | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,391 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,498 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,639 |
| Capital Gain Net Income | $14,639 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,528 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $420 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,643 |
| Total operating and administrative expenses | $12,363 |
| Contributions, gifts, grants paid | $22,500 |
| Total expenses and disbursements | $34,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,535 |
| 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 | $416,611 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $428,146 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $3,780 |
| 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 | $3,780 |
Grants Awarded
Over the last fiscal year, Choggiung Educational Endowment Foundation has awarded $21,688 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
DAISY BARNES PURPOSE: EDUCATION SCHOLARSHIP | $4,438 |
DAVID WETTER PURPOSE: EDUCATION SCHOLARSHIP | $2,520 |
KAIYA GOTO PURPOSE: EDUCATION SCHOLARSHIP | $2,100 |
KRISTIAN NUDLASH-BARGER PURPOSE: EDUCATION SCHOLARSHIP | $2,100 |
AMANDA LUITEN PURPOSE: EDUCATION SCHOLARSHIP | $1,890 |
MORGAN LAROCQUE PURPOSE: EDUCATION SCHOLARSHIP | $1,890 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Choggiung Educational Endowment Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Bristol Bay Native Corporation Education Foundation Anchorage, AK PURPOSE: SPECIAL INITIATIVE | $5,000 |
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 |