The Foraker Group
- Assets
- $6.0m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 34
- Location
- Anchorage, AK
- Founding
- 06/2002
- Data as of
- 06/2022
- EIN
- 92-0177787
Organization Overview
The Foraker Group is located in Anchorage, AK. The organization was established in 2002. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Foraker Group employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foraker Group 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, Foraker Group generated $6.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $5.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. 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
FORAKER PROVIDES FISCAL SPONSORSHIP TO NEW PROGRAMS THAT ARE IN THE PRELIMINARY STAGES OF THEIR DEVELOPMENT. THE SERVICES ARE INTENDED TO PROVIDE AN OPPORTUNITY TO INCUBATE PROGRAMS THAT ARE SHORT-TERM AND/OR WILL EVENUTALLY BECOME THEIR OWN 501(C) ORGANIZATION.
THE FORAKER SHARED FINANCIAL SERVICES SERVES OVER 80 NONPROFITS RANGING BETWEEN $100,000 - $5,000,000 WITH ACCOUNTING AND BOOKKEEPING SERVICES. THE SERVICES PROVIDED INCLUDE PAYROLL PROCESSING, CASH DISBURSEMENTS, GRANT REPORTING, FINANCIAL STATEMENT PREPARATION AND AUDIT PREPARATION.
A MAJOR FOCUS OF THE FORAKER GROUP IS TO HELP ORGANIZATIONS PREPARE FOR LEADERSHIP CHANGE, CONDUCT EXECUTIVE SEARCHES AND SUPPORT THE NEW HIRE. OUR OBJECTIVE IS TO ASSIST ORGANIZATIONS MOVE THROUGH EACH PHASE AND POSITION THEM TO ACHIEVE ITS GOALS. THE SERIVCE ARE DESIGNED TO HELP ORGANIZAITONS ASK CRITICAL QUESTIONS ABOUT STRUCTURE, FINANCIAL STABILITY, MISSION RESULTS AND COMMITMENT TO DIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Wolf CEO | Officer | 40 | $270,463 |
Raju Shankar CFO | Officer | 40 | $181,384 |
Chellie Skoog VP Of Programs | Officer | 40 | $129,105 |
Mike Walsh VP Of Public Policy | Officer | 40 | $129,617 |
Tiffany Hall Program Manager | 40 | $130,215 | |
Jaeleen Kookesh Board Chair | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tor Daley Accounting Services | 6/29/20 | $114,038 |
The Allen Group Hr Consulting | 6/29/20 | $107,274 |
Blue Skies Solutions Llc Consulting | 6/29/20 | $121,830 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,400,214 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,882,695 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,282,909 |
| Total Program Service Revenue | $2,757,757 |
| Investment income | $11,994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,067,756 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $879,508 |
| Compensation of current officers, directors, key employees. | $200,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,495,679 |
| Pension plan accruals and contributions | $73,347 |
| Other employee benefits | $234,570 |
| Payroll taxes | $135,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $5,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,329,664 |
| Advertising and promotion | $32,450 |
| Office expenses | $64,563 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $193,531 |
| Travel | $60,794 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,420 |
| Insurance | $3,224 |
| All other expenses | $903 |
| Total functional expenses | $5,654,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,027,206 |
| Savings and temporary cash investments | $1,143,248 |
| Pledges and grants receivable | $239,478 |
| Accounts receivable, net | $358,522 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $180,834 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,782 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,121 |
| Total assets | $5,970,191 |
| Accounts payable and accrued expenses | $561,469 |
| Grants payable | $0 |
| Deferred revenue | $566,667 |
| 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 | $1,128,136 |
| Net assets without donor restrictions | $4,839,255 |
| Net assets with donor restrictions | $2,800 |
| 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 | $5,970,191 |
Grants Awarded
Over the last fiscal year, The Foraker Group has awarded $601,224 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ALASKA VILLAGE ELECTRIC COOPERATIVE INC PURPOSE: COMMUNITY BUILDING | $40,000 |
ADESCO PURPOSE: COMMUNITY BUILDING | $175,374 |
BRISTOL BAY BRAILER LLC PURPOSE: COMMUNITY BUILDING | $116,589 |
DIAMOND O FISH HOUSE PURPOSE: COMMUNITY BUILDING | $36,800 |
MARITIME INDUSTRIES PURPOSE: COMMUNITY BUILDING | $36,477 |
JODIES IDEAS PURPOSE: COMMUNITY BUILDING | $33,204 |