Doyon Foundation
- Assets
- $44.6m
- Revenue
- $3.9m
- Investments
- $42.2m
- Employees
- 0
- Location
- Fairbanks, AK
- Founding
- 11/1988
- Data as of
- 06/2023
- EIN
- 94-3089624
Organization Overview
Doyon Foundation is located in Fairbanks, AK. The organization was established in 1988. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Doyon 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 06/2023, Doyon Foundation generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $3.3m during the year ending 06/2023. While expenses have increased by 9.6% per year over the past 8 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, Doyon Foundation has awarded 5,885 individual grants totaling $8,814,658. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ISSUED OVER 750 SCHOLARSHIPS TO NATIVE ALASKAN STUDENTS WHO ARE SHAREHOLDERS OR DECENDANTS OF SHAREHOLDERS OF DOYON LIMITED. THESE SCHOLARSHIPS ALLOW STUDENTS TO PURSUE HIGHER EDUCATION OR VOCATIONAL TRAINING. THROUGH THE SCHOLARSHIP PROGRAM, THE FOUNDATION IS HELPING STUDENTS DEVELOP THE KNOWLEDGE AND SKILLS THEY NEED TO "BE THE CHANGE THEY WISH TO SEE IN THE WORLD."
THE FOUNDATION OPERATES A LANGUAGE REVITALIZATION PROGRAM TO ENSURE THE ENDANGERED LANGUAGES OF THE DOYON REGION SURVIVE AND THRIVE FOR FUTURE GENERATIONS. ONLINE LESSONS CAN BE ACCESSED FOR FREE THROUGH "DOYON LANGUAGES ONLINE".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Fate-Velaise President | 4 | $5,000 | |
Benjamin Schwartz Secretary/treasurer | 2 | $3,000 | |
Jennifer Adams Vice President | 2 | $3,500 | |
Orie Williams Board Member | 1 | $1,750 | |
Matthew Calhoun Board Member | 1 | $3,000 | |
Marie Cleaver Board Member | 1 | $2,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alaska Permanent Capital Mgmt Co | 6/29/23 | $149,165 |
7000 Languages Inc | 6/29/23 | $73,299 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,926,677 |
| Interest on Savings | $0 |
| Dividends & Interest | $988,791 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$211,479 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $168,571 |
| Total Revenue | $3,872,560 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $138,697 |
| Other employee salaries and wages | $542,157 |
| Pension plans, employee benefits | $250,213 |
| Interest | $9,358 |
| Taxes | $9,949 |
| Depreciation | $4,496 |
| Occupancy | $37,541 |
| Travel, conferences, and meetings | $111,057 |
| Printing and publications | $0 |
| Other expenses | $119,437 |
| Total operating and administrative expenses | $1,881,147 |
| Contributions, gifts, grants paid | $1,395,300 |
| Total expenses and disbursements | $3,276,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $510,939 |
| Savings and temporary cash investments | $969,309 |
| Net Accounts receivable | $31,947 |
| 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 | $760 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,924,301 |
| Net Land, buildings, and equipment | $860,162 |
| Other assets | $72,261 |
| Total assets | $44,648,504 |
| Accounts payable and accrued expenses | $174,193 |
| 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 | $174,193 |
Grants Awarded
Over the last fiscal year, Doyon Foundation has awarded $1,395,300 in support to 607 organizations.
| Grant Recipient | Amount |
|---|---|
TEJA ABBOTT PURPOSE: SCHOLARSHIP | $2,400 |
CESA AGNES PURPOSE: SCHOLARSHIP | $1,600 |
CESA AGNES SAM PURPOSE: SCHOLARSHIP | $1,600 |
DAAZHRAII ALEXANDER PURPOSE: SCHOLARSHIP | $2,400 |
MACAYLA ALEXANDER PURPOSE: SCHOLARSHIP | $1,600 |
LAWRENCE ALEXIA PURPOSE: SCHOLARSHIP | $400 |