The Eyak Foundation
- Assets
- $3.1m
- Revenue
- $118.4k
- Investments
- $3.0m
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 92-0161386
Organization Overview
The Eyak Foundation is located in Anchorage, AK. The organization was established in 1998. 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. Eyak 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 12/2021, Eyak Foundation generated $118.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $98.9k during the year ending 12/2021. While expenses have increased by 21.4% 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 2015, Eyak Foundation has awarded 202 individual grants totaling $266,841. 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
VOCATIONAL, TECHNICAL, AND HIGHER EDUCATION SCHOLARSHIPS TOTALING 49,887 WERE DISTRIBUTED FOR ALASKA NATIVE YOUTH EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Ujioka President | 2 | $0 | |
Nicholaus Tiedeman Trustee | 1 | $0 | |
Rikki Addy Trustee | 1 | $0 | |
Martin Parsons Vice Preside | 1 | $0 | |
Todd Lilleness Secretary | 1 | $0 | |
Rockele Jones Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,723 |
| Interest on Savings | $2 |
| Dividends & Interest | $44,570 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,079 |
| Capital Gain Net Income | $51,079 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,374 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $494 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $757 |
| Total operating and administrative expenses | $50,552 |
| Contributions, gifts, grants paid | $48,387 |
| Total expenses and disbursements | $98,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,267 |
| Savings and temporary cash investments | $23,359 |
| 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 | $3,075,892 |
| Accounts payable and accrued expenses | $11,541 |
| 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 | $11,541 |
Grants Awarded
Over the last fiscal year, The Eyak Foundation has awarded $49,887 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
THE NATIVE VILLAGE OF EYAK PURPOSE: CULTURAL/HERITAGE CLASS SPONSORSHIP | $8,000 |
UNIVERSITY OF ALASKA PURPOSE: SCHOLARSHIPS | $6,553 |
SAGE GALLOWAY PURPOSE: SCHOLARSHIP | $2,500 |
PATRICIA ELIE-WOLKOFF PURPOSE: SCHOLARSHIP | $2,000 |
JESSICA CRUMP PURPOSE: SCHOLARSHIP | $2,000 |
EMILY CREED PURPOSE: SCHOLARSHIP | $2,000 |
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 |