Chugiak Senior Citizens Foundation
- Assets
- $2.4m
- Revenue
- $137.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Eagle River, AK
- Founding
- 07/1992
- Data as of
- 09/2021
- EIN
- 94-3061374
Organization Overview
Chugiak Senior Citizens Foundation is located in Eagle River, AK. The organization was established in 1992. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chugiak Senior Citizens 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 09/2021, Chugiak Senior Citizens Foundation generated $137.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FINANCIAL SUPPORT OF THE CHUGIAK SENIORS' HOUSING FACILITY, FUNDED BY DONATIONS FROM THE GENERAL PUBLIC. DONATIONS ARE INVESTED, AND MARKET TRADING OF THE SECURITIES GENERATES INCOME/DIVIDENDS TO BE USED TO PROVIDE AID TO THE SENIOR LIVING FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT OF A SENIORS' HOUSING FACILITY, FOR THE SENIORS THERE WITH LOWER FINANCIAL CIRCUMSTANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Burns Trustee | OfficerTrustee | 2 | $0 |
Kerry C Jones President/tr | OfficerTrustee | 4 | $0 |
Dan Hall Secretary | OfficerTrustee | 4 | $0 |
William Carlton Trustee | Trustee | 2 | $0 |
Gil Chambers Trustee | Trustee | 2 | $0 |
John Kehr Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Investment income | $47,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,615 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,091 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $35,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,915 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $2,382,142 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,439,057 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $2,439,057 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pike Market Senior Center Seattle, WA | $2,519,729 | $3,936,536 |
Senior Services Of Island County Freeland, WA | $2,695,130 | $3,988,811 |
Northshore Senior Center Bothell, WA | $1,561,597 | $2,734,728 |
Palmer Senior Citizens Center Inc Palmer, AK | $14,399,628 | $2,893,048 |
Mt Si Senior Center North Bend, WA | $8,204,852 | $2,877,456 |
Filipino Community Of Seattle Senior Services Seattle, WA | $9,050,294 | $2,925,406 |
Okanogan County Transportation & Nutrition Okanogan, WA | $1,288,540 | $2,445,522 |
Senior Services For South Sound Olympia, WA | $4,100,459 | $2,636,023 |
Whatcom Council On Aging Bellingham, WA | $6,602,512 | $5,963,085 |
Edmonds Senior Center Edmonds, WA | $16,950,345 | $2,824,809 |
Senior Citizens Of Kodiak Kodiak, AK | $2,036,656 | $1,967,825 |
Anchor-Age Center Inc Anchorage, AK | $6,421,680 | $1,975,023 |