Ilisagvik College
- Assets
- $34.2m
- Revenue
- $21.9m
- Investments
- $0.0
- Employees
- 170
- Location
- Barrow, AK
- Founding
- 12/1996
- Data as of
- 06/2022
- 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 06/2022, Ilisagvik College employed 170 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 06/2022, Ilisagvik College generated $21.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $16.9m during the year ending 06/2022. While expenses have increased by 0.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 | $214,927 |
Birgit Meany Dean Of Instruction | 37.5 | $147,565 | |
Mischiell Barrera Controller | 37.5 | $127,619 | |
Daniel Wall Assistant Professor, Social Sc | 37.5 | $121,092 | |
Caitlin Walls Executive Director Of Inst. Ad | 37.5 | $113,457 | |
David Rice Assistant Professor, Business | 37.5 | $111,037 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Statewide Services Inc Dba Ess Food Services | 6/29/22 | $200,733 |
Kd Pendleton Enterprises Accounting Services | 6/29/22 | $111,436 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,655,754 |
| All other contributions, gifts, grants, and similar amounts not included above | $532,844 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,188,598 |
| Total Program Service Revenue | $1,307,972 |
| Investment income | $193,360 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,345 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,867,798 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $424,868 |
| 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. | $562,724 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,702,692 |
| Pension plan accruals and contributions | $1,710,786 |
| Other employee benefits | $466,902 |
| Payroll taxes | $588,248 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,610 |
| Fees for services: Accounting | $93,686 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,987 |
| Fees for services: Other | $1,152,931 |
| Advertising and promotion | $43,154 |
| Office expenses | $52,453 |
| Information technology | $364,157 |
| Royalties | $0 |
| Occupancy | $575,379 |
| Travel | $424,729 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,195 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $491,617 |
| Insurance | $182,503 |
| All other expenses | $413,594 |
| Total functional expenses | $16,850,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,470,031 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,363,748 |
| Accounts receivable, net | $269,893 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $149,699 |
| Prepaid expenses and deferred charges | $198,999 |
| Net Land, buildings, and equipment | $2,248,446 |
| Investments—publicly traded securities | $18,907,938 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,578,795 |
| Total assets | $34,187,549 |
| Accounts payable and accrued expenses | $1,205,984 |
| Grants payable | $0 |
| Deferred revenue | $6,059,262 |
| 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 | $15,090,471 |
| Total liabilities | $22,355,717 |
| Net assets without donor restrictions | $11,831,832 |
| 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 | $34,187,549 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Ilisagvik College has recieved totaling $291,680.
| Awarding Organization | Amount |
|---|---|
American Indian College Fund Denver, CO PURPOSE: OPERATIONAL/PROGRAM SUPPORT | $92,742 |
Arctic Slope Community Foundation Anchorage, AK PURPOSE: ASRC Donor Advised Fund | $75,000 |
Achieving The Dream Inc Silver Spring, MD PURPOSE: IMPLEMENTATION GRANTS | $41,666 |
Alaska Community Foundation Anchorage, AK | | $35,000 |
Rasmuson Foundation Anchorage, AK PURPOSE: MAINTENANCE VAN IN UTQIAGVIK | $20,000 |
First Nations Development Institute Longmont, CO PURPOSE: ECONOMIC DEVELOPMENT | $10,000 |
Endowment Analysis
| Beg. Balance | $10,469,806 |
| Earnings | -$1,009,269 |
| Admin Expense | $50,990 |
| Net Contributions | $441,205 |
| Ending Balance | $9,850,752 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ilisagvik College Barrow, AK | $34,187,549 | $21,867,798 |
Highline College Foundation Des Moines, WA | $8,034,941 | $3,335,719 |
Mukogawa Fort Wright Institute Spokane, WA | $14,184,098 | $2,781,309 |
South Puget Sound Community College Foundation Olympia, WA | $16,405,251 | $11,563,000 |
District 17 Community Colleges Foundation Spokane, WA | $33,198,124 | $3,322,447 |
Everett Community College Foundation Everett, WA | $7,096,357 | $1,978,153 |
Walla Walla Community College Foundation Walla Walla, WA | $26,263,368 | $2,469,058 |
Tacoma Community College Foundation Tacoma, WA | $9,516,618 | $2,238,933 |
South Seattle Community College Foundation Seattle, WA | $25,867,934 | $1,580,679 |
Foundation Of Yakima Valley Community College Yakima, WA | $11,954,892 | $731,017 |
Seattle Community College Parent Cooperative Preschool Seattle, WA | $260,269 | $0 |
Wenatchee Valley College At Omak Foundation Omak, WA | $568,341 | $26,428 |