First Alaskans Institute
- Assets
- $1.8m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 25
- Location
- Anchorage, AK
- Founding
- 03/1991
- Data as of
- 12/2023
- EIN
- 92-0174854
Organization Overview
First Alaskans Institute is located in Anchorage, AK. The organization was established in 1991. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, First Alaskans Institute employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Alaskans Institute 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 12/2023, First Alaskans Institute generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. While expenses have increased by 3.3% 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 2020, First Alaskans Institute has awarded 31 individual grants totaling $785,433. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRUE TO IDENTITY, HERITAGE, AND VALUES, ALASKA NATIVES ARE INFORMED AND ENGAGED IN LEADING THE DECISIONS THAT SHAPE THE FUTURE.
Describe the Organization's Program Activity:
INDIGENOUS LEADERSHIP CONTINUUM: HELPING TO DEVELOP THE NEXT GENERATION OF ALASKA NATIVE LEADERSHIP AND ENSURING THEY ARE CONNECTED TO THEIR CULTURE AND EACH OTHER.
ALL OTHER PROGRAMS.
ALASKA NATIVE POLICY CENTER: CONNECTING PEOPLE AND IDEAS PRODUCING KNOWLEDGE THAT CAN BE USED TO UNDERSTAND AND IMPROVE THE LIVES OF ALASKA NATIVES AND ALASKANS. HOSTING DIALOGUE AND CONVERSATIONS WITH OUR COMMUNITY CONETERED AROUND RACIAL EQUITY AND SOCIAL JUSTICE.
ADVANCEMENT: UTILIZING VALUES BASED APPROACH TO GROW AND SUSTAIN THE FINANCIAL FOUNDATION TO SUPPORT EFFORTS THROUGH STRATEGIC PARTNERSHIPS AND RELATIONSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Medicine Crow President/ce | Officer | 40 | $140,000 |
Ayyu Qassataq Director Org | 40 | $116,911 | |
Elizabeth David Finance Dire | Officer | 40 | $96,475 |
Willie Iggiagruk Hensley Chair | OfficerTrustee | 1 | $0 |
Sam Kito Jr Vice Chair | OfficerTrustee | 1 | $0 |
Valerie Davidson Secretary/tr | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cange Group Space Lease | 12/30/23 | $120,640 |
Atcg Media Llc Marketing | 12/30/23 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $11,573 |
| Membership dues | $0 |
| Fundraising events | $35,205 |
| Related organizations | $968,068 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,510,683 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,525,529 |
| Total Program Service Revenue | $309,418 |
| Investment income | $22,359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,615 |
| Net Income from Gaming Activities | $26,391 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,870,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $237,970 |
| Grants and other assistance to domestic individuals. | $59,810 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $280,179 |
| Compensation of current officers, directors, key employees. | $139,277 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $774,797 |
| Pension plan accruals and contributions | $20,677 |
| Other employee benefits | $113,626 |
| Payroll taxes | $76,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,002 |
| Fees for services: Accounting | $29,464 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $411,665 |
| Advertising and promotion | $1,829 |
| Office expenses | $328,704 |
| Information technology | $18,704 |
| Royalties | $0 |
| Occupancy | $120,448 |
| Travel | $319,565 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,180 |
| All other expenses | $0 |
| Total functional expenses | $2,930,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,351,142 |
| Savings and temporary cash investments | $228,202 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $169,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,116 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,417 |
| Total assets | $1,768,877 |
| Accounts payable and accrued expenses | $289,754 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $289,754 |
| Net assets without donor restrictions | $1,250,921 |
| Net assets with donor restrictions | $228,202 |
| 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 | $1,768,877 |
Grants Awarded
Over the last fiscal year, First Alaskans Institute has awarded $224,520 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ALASKA FEDERATION OF NATIVES PURPOSE: ANNUAL CONTRIBUTION | $110,000 |
CRAIG TRIBAL ASSOCIATION PURPOSE: CULTURE GRANT | $20,000 |
ARCTIC EDUCATION FOUNDATION PURPOSE: CULTURE GRANT | $15,000 |
CHIGNIK LAKE VILLAGE COUNCIL PURPOSE: CULTURE GRANT | $15,000 |
NATIVE VILLAGE OF AFOGNAK PURPOSE: CULTURE GRANT | $11,000 |
GOLDBELT HERITAGE FOUNDATION PURPOSE: CULTURE GRANT | $10,000 |