Alaska Airlines Foundation
- Assets
- $9.5m
- Revenue
- $1.5m
- Investments
- $7.9m
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 09/1999
- Data as of
- 12/2021
- EIN
- 92-0166198
Organization Overview
Alaska Airlines Foundation is located in Anchorage, AK. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Airlines 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, Alaska Airlines Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $766.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Alaska Airlines Foundation has awarded 184 individual grants totaling $2,255,000. 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.
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $600,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $197,130 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $722,004 |
| Capital Gain Net Income | $722,004 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,831 |
| Total Revenue | $1,525,965 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,918 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $72 |
| Total operating and administrative expenses | $10,990 |
| Contributions, gifts, grants paid | $755,000 |
| Total expenses and disbursements | $765,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,079 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,500,000 |
| Total assets | $9,466,696 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Alaska Airlines Foundation has awarded $755,000 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: EQUIP UNDERREPRESENTED AND LOW-INCOME STUDENTS WITH THE TOOLS, ACCESS, & EXPOSURE NEEDED TO ACHIEVE THEIR ASPIRATIONS OF ATTENDING COLLEGE. THE FOCUS AREAS ARE: -COLLEGE ADMISSIONS REQUIREMENTS -COLLEGE ESSAY DEVELOPMENT -COMPLETING FINANCIAL AID FORM -APPLYING FOR SCHOLARSHIPS - PSAT PREP -MENTOR ASSISTANCE -PUBLIC SPEAKING | $100,000 |
HIGHLINE SCHOOLS FOUNDATION PURPOSE: THIS DONATION WOULD BE DIRECTED TO OUR GREATEST NEED FUND WHICH ALLOWS THE FOUNDATION THE FLEXIBILITY TO IDENTIFY AND MEET THE AREA(S) OF GREATEST NEED WITHIN THE HIGHLINE SCHOOL DISTRICT POPULATION. WE ANTICIPATE USING A PORTION OF THE FUNDS TO SUPPORT OUR EXCEL AND IMPACT GRANT PROGRAM IN THE FALL OF 2022, AND MAY ALSO UTILIZE A PORTION OF THE FUND TO AWARD ADDITIONAL SCHOLARSHIPS IN THE SPRING OF 2022. | $100,000 |
ALASKA DEVELOPMENT COUNCIL PURPOSE: ADC, THROUGH JEDC, IS THE DELIVERY ORGANIZATION FOR ALASKA, PROVIDING ROBOTICS PROGRAMS TO K-12TH GRADE STUDENTS IN OVER 70 COMMUNITIES. TEAMS AT EACH LEVEL END THEIR SEASON WITH AN IN-PERSON OR REMOTE TOURNAMENT OR SHOWCASE WITH THE EXCITEMENT OF A SPORTING EVENT RUN BY HUNDREDS OF VOLUNTEERS STATEWIDE. | $50,000 |
COVENANT HOUSE ALASKA PURPOSE: CHA SERVES YOUNG PEOPLE FROM ALL ACROSS ALASKA WHO COME TO ANCHORAGE LOOKING FOR OPPORTUNITIES THEY OFTEN DO NOT FIND, AND WITHOUT A SUPPORT NETWORK, HAVE NOWHERE SAFE TO GO. CHA SERVES TEENS AND YOUNG ADULTS WITH SHELTER, HOUSING, EDUCATION AND EMPLOYMENT SUPPORT, A PRIMARY CARE CLINIC, SUBSTANCE ABUSE AND MENTAL HEALTH COUNSELING, HELP NAVIGATING COMMUNITY RESOURCES, AND SO MUCH MORE. OUR GOAL IS TO ENSURE THAT NO YOUNG PERSON WHO BECOMES HOMELESS MUST EVER BE FORCED TO SLEEP ON THE STREETS OR MAKE IMPOSSIBLE CHOICES TO SURVIVE. THROUGH OUR PHILOSOPHY OF RELENTLESS ENGAGEMENT, WE MAKE SURE NO YOUTH MUST FACE THEIR CHALLENGES ALONE. WE WALK ALONGSIDE THEM, THROUGH SUCCESSES OR FAILURES, WITH THE CONSISTENCY THAT ALL KIDS NEED IN CARING ADULTS. | $20,000 |
San Jose, CA PURPOSE: FOCUSED ON BREAKING DOWN BARRIERS, SAN JOS ASPIRES ENABLES STUDENTS IN UNDERSERVED NEIGHBORHOODS TO SET GOALS AND CHART A PATH TO ACADEMIC SUCCESS FROM 9TH GRADE TO GRADUATION BY PROVIDING A PERFORMANCE-BASED SCHOLARSHIP PROGRAM THAT EDUCATES THEM ABOUT COLLEGE AND CAREER CHOICES, AS WELL AS INDIVIDUAL MENTORING AND COUNSELING. | $20,000 |
San Francisco, CA PURPOSE: LARKIN STREET YOUTH SERVICES PROVIDES HIGH-QUALITY, COMPREHENSIVE EDUCATIONAL AND EMPLOYMENT SERVICES SO THAT ANY YOUNG PERSON, REGARDLESS OF THEIR SITUATION OR HISTORY, CAN RE-ENTER EDUCATION OR THE WORKFORCE AND CREATE A VIABLE, PERMANENT PATHWAY OUT OF HOMELESSNESS. | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thrive Causemetics Foundation Bellevue, WA | $5,555,942 | $8,797,196 |
Mount Baker Foundation Bellingham, WA | $42,225,548 | $9,346,004 |
Craig And Susan Mccaw Foundation Kirkland, WA | $12,162,493 | $989,970 |
Mona Foundation Bellevue, WA | $4,431,589 | $2,318,161 |
Allen Institute For Artificial Intelligence Seattle, WA | $34,288 | $1,296,035 |
Sunbridge Foundation Seattle, WA | $16,943,375 | $1,420,322 |
Evertrust Foundation Everett, WA | $7,898,804 | $1,055,005 |
Washington Federal Foundation Seattle, WA | $444,132 | $1,000,247 |
Alaska Airlines Foundation Anchorage, AK | $9,466,696 | $1,525,965 |
Rei Cooperative Action Fund Sumner, WA | $1,772,720 | $1,772,720 |
Lily Pointe Family Foundation Snoqualmie, WA | $2,860,497 | $620,864 |
Johnson & Haefling Family Foundation Bainbridge Island, WA | $0 | $10,802 |