Overview
What is The Alaska Community Foundation?
The Alaska Community Foundation is a nonprofit organization dedicated to inspiring generosity and fostering connections between Alaskans, organizations, and causes, with the ultimate goal of enhancing the wellbeing of Alaska's communities for generations to come. Through their mission, they convert donations from Alaskans into significant impactful contributions for the state's future.
Official website here: www.alaskacf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
The Alaska Community Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicative of a strong commitment to accountability and transparency. With a score of 99 in the Accountability & Finance category, the organization demonstrates excellent financial management practices, including a fully independent board and robust oversight mechanisms. The absence of any material diversion of assets and comprehensive policies in place reflects a high level of integrity in operations.
The foundation excels in its financial ratios, showcasing a 95.81% program expense ratio and a fundraising efficiency ratio of just $0.01, signaling that the majority of funds are directed towards its programs rather than administrative costs. Additionally, the working capital ratio of 3.89 years suggests sustainable financial health. While the score for culture and community as well as equity strategies is strong, it indicates room for improvement in fostering diversity and inclusiveness within its practices.
One noted limitation is the missing donor privacy policy, which resulted in a score of 0 out of 2 points in that area. While this is a minor shortcoming in an otherwise robust evaluation, it highlights an area for potential growth. Overall, The Alaska Community Foundation stands out as a well-managed nonprofit with a genuine commitment to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is The Alaska Community Foundation legitimate?
The Alaska Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Alaska Community Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $435,325
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,448,297
For more financial information, click here
Official website here: www.alaskacf.org
What is the mission statement of The Alaska Community Foundation?
The Alaska Community Foundation inspires the spirit of giving and connects people and causes to enhance the communities of Alaska. Their mission is centered on transforming donations from Alaskans into substantial benefits for the state's future. By accepting and managing charitable funds, the foundation supports a wide range of initiatives and organizations that contribute to the betterment of Alaska's communities. Through strategic grantmaking and community leadership, the foundation aims to foster long-term growth and development in various sectors, ultimately improving the lives of Alaskans.
Official website here: www.alaskacf.org
Who is the CEO of The Alaska Community Foundation?
Ken Osterkamp is the President & Ceo of The Alaska Community Foundation. The CEO's salary of The Alaska Community Foundation is $226,000 and their total compensation is $238,198.
Official website here: www.alaskacf.org
What is the revenue of The Alaska Community Foundation?
The Alaska Community Foundation's revenue in 2022 was $62,719,512.
Official website here: www.alaskacf.org
Who are the executives of The Alaska Community Foundation and what are their salaries?
The average compensation at The Alaska Community Foundation during 2022 was $44,848. There are 42 employees and 400 volunteers at The Alaska Community Foundation.
Here are 23 key members and their salaries (The Alaska Community Foundation's CEO's salary is $226,000 and their total compensation is $238,198):
- Compensation: $226,000
- Related: $0
- Other: $12,198
- Compensation: $176,000
- Related: $0
- Other: $21,127
- Compensation: $133,038
- Related: $0
- Other: $24,115
- Compensation: $125,926
- Related: $0
- Other: $23,866
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Official website here: www.alaskacf.org
Where can I find the form 990 for The Alaska Community Foundation?
The Alaska Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alaskacf.org
Learn more at the official website: www.alaskacf.org
Mission Statement of The Alaska Community Foundation
The Alaska Community Foundation, headquartered in Alaska, is dedicated to inspiring the spirit of giving and connecting people, organizations, and causes to strengthen Alaska's communities for generations to come. In simple terms, the mission of this esteemed organization is to convert donations from Alaskans into significant investments for the long-term benefit of the state.
The Alaska Community Foundation serves as a bridge between generous Alaskans and the causes that matter most to them. Through its transformative work, the Foundation amplifies the impact of individual contributions, ensuring that they create a ripple effect throughout the community. In doing so, it fosters a culture of philanthropy that not only addresses immediate needs but also invests in the future.
The organization's steadfast commitment to the people and communities of Alaska is evident in its mission to transform gifts into extraordinary contributions. By bringing together the collective power of donors, nonprofits, and community partners, the Alaska Community Foundation plays a vital role in fostering sustainable growth and positive change within the state. In this way, it embodies the spirit of generosity and collaboration, forever shaping the future of Alaska.
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Impact
October, 2024
The Alaska Community Foundation inspires a culture of giving and fosters connections among individuals, organizations, and causes to bolster the well-being of communities across Alaska. By transforming gifts from Alaskans into impactful contributions, it strengthens the state's future and enriches the lives of its residents. Through various initiatives, the foundation supports a wide range of programs and projects that address critical needs and promote sustainable growth in local communities. Its efforts are essential in building a resilient and vibrant Alaska, ensuring that the spirit of philanthropy thrives now and for generations to come.
This information is meant to be a general summary of The Alaska Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,115,325
- Program Service Revenue: $5,850,693
- Gross Receipts: $77,051,369
Assets and Liabilities:
- Total Assets: $191,830,219
- Total Liabilities: $2,401,447
- Net Assets: $189,428,772
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PICK.CLICK.GIVE. PROGRAM REVENUE
Revenue
$2,880,126
FUND ADMINISTRATION FEES
Revenue
$2,970,567
Organization Details
Founding Year
1995
Phone
(907) 274-6703Principal Officer
Ken Osterkamp
Main Address
3201 C Street Suite 110, Anchorage, AK, 99503
Website
www.alaskacf.orgNTEE Category
Code: T31 - Philanthropy
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