Ilisagvik College
- Assets
- $32.5m
- Revenue
- $20.3m
- Investments
- $0.0
- Employees
- 176
- Location
- Barrow, AK
- Founding
- 12/1996
- Data as of
- 06/2023
- EIN
- 92-0158414
Organization Overview
Ilisagvik College is located in Barrow, AK. The organization was established in 1996. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Ilisagvik College employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ilisagvik College 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 06/2023, Ilisagvik College generated $20.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $17.5m during the year ending 06/2023. While expenses have increased by 1.3% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HIGH QUALITY EDUCATION AND VOCATIONAL/TECHNICAL TRAINING THAT HELPS STUDENTS GAIN EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justina Wilhelm President | Officer | 37.5 | $234,666 |
Caitlin Walls Executive Director Of Inst. Ad | Officer | 37.5 | $162,451 |
Ann Marie J Clark CFO | Officer | 37.5 | $148,181 |
Hal Haynes Dean Of Students | 37.5 | $140,358 | |
Monica Lugo Director Of It | 37.5 | $121,979 | |
Linda Nicholas-Figueroa Associate Professor | 37.5 | $121,568 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Industrial Training Teaching | 6/29/23 | $122,884 |
Ess Support Services Worldwide Food Services | 6/29/23 | $613,660 |
Bdo Usa Accounting Services | 6/29/23 | $101,498 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $8,726,755 |
| Government grants | $7,781,118 |
| All other contributions, gifts, grants, and similar amounts not included above | $890,993 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,398,866 |
| Total Program Service Revenue | $1,645,934 |
| Investment income | $328,369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,480 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,252,760 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $420,548 |
| 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. | $826,826 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,005,115 |
| Pension plan accruals and contributions | $1,123,379 |
| Other employee benefits | $1,892,533 |
| Payroll taxes | $584,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,603 |
| Fees for services: Accounting | $101,498 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,889 |
| Fees for services: Other | $1,241,902 |
| Advertising and promotion | $24,490 |
| Office expenses | $56,943 |
| Information technology | $163,300 |
| Royalties | $0 |
| Occupancy | $596,481 |
| Travel | $680,946 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,969 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $577,556 |
| Insurance | $213,478 |
| All other expenses | $95,208 |
| Total functional expenses | $17,506,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,289,681 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,185,120 |
| Accounts receivable, net | $617,667 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $181,706 |
| Prepaid expenses and deferred charges | $263,879 |
| Net Land, buildings, and equipment | $2,640,752 |
| Investments—publicly traded securities | $19,567,125 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,705,315 |
| Total assets | $32,451,245 |
| Accounts payable and accrued expenses | $1,268,989 |
| Grants payable | $0 |
| Deferred revenue | $3,870,207 |
| 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 | $10,331,198 |
| Total liabilities | $15,470,394 |
| Net assets without donor restrictions | $16,980,851 |
| Net assets with donor restrictions | $0 |
| 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 | $32,451,245 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ilisagvik College Barrow, AK | $32,451,245 | $20,252,760 |
Mukogawa Fort Wright Institute Spokane, WA | $15,617,394 | $5,843,140 |
Highline College Foundation Des Moines, WA | $14,979,362 | $4,809,616 |
South Puget Sound Community College Foundation Olympia, WA | $13,787,718 | $2,719,862 |
Community Colleges Of Spokane Foundation Spokane, WA | $36,448,183 | $3,124,227 |
Walla Walla Community College Foundation Walla Walla, WA | $26,635,328 | $3,581,528 |
Everett Community College Foundation Everett, WA | $8,253,848 | $1,458,935 |
Foundation Of Yakima Valley Community College Yakima, WA | $13,628,882 | $814,305 |
South Seattle Community College Foundation Seattle, WA | $21,839,917 | $1,340,259 |
Tacoma Community College Foundation Tacoma, WA | $9,516,618 | $2,238,933 |
Wenatchee Valley College At Omak Foundation Omak, WA | $693,017 | $200,604 |