UNIVERSITY OF ALASKA FOUNDATION

EIN: 237394620 501(c)(3) Education

ANCHORAGE, AK

Total Revenue
$39,406,773
Total Expenses
$34,970,608
Total Assets
$609,537,299
Net Assets
$411,610,683
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
AK
Principal Officer
TLISA NORTHCUTT
Phone
9077861111
Tax Period
2024-07-01 to 2025-06-30

UNIVERSITY OF ALASKA FOUNDATION, founded in 1974, is a mid-sized nonprofit in the Education sector that reported $39.4M in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $35.0M left a modest 11% surplus.

Mission

THE UNIVERSITY OF ALASKA FOUNDATION SEEKS, SECURES, AND STEWARDS PHILANTHROPIC SUPPORT IN PARTNERSHIP WITH THE UNIVERSITY OF ALASKA SYSTEM TO HELP SHAPE ALASKA'S FUTURE.

Program Service Accomplishments

Program 1
Expenses: $14,096,147 Revenue: $0

ACADEMIC PROGRAM SUPPORT: THE FOUNDATION ACCEPTS, MANAGES, AND ACTS AS FIDUCIARY FOR ALL MONETARY GIFTS RECEIVED ON BEHALF OF THE UNIVERSITY OF ALASKA (UA). OVER 50% OF PROGRAM EXPENSES GO TO SUPPORT...

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ACADEMIC PROGRAM SUPPORT: THE FOUNDATION ACCEPTS, MANAGES, AND ACTS AS FIDUCIARY FOR ALL MONETARY GIFTS RECEIVED ON BEHALF OF THE UNIVERSITY OF ALASKA (UA). OVER 50% OF PROGRAM EXPENSES GO TO SUPPORT ACADEMIC SERVICES, FACILITIES, AND RELATED INFRASTRUCTURE ACROSS THE UA SYSTEM.

Program 2
Expenses: $6,780,505 Revenue: $0

STUDENT FINANCIAL AID: THE FOUNDATION RECEIVES MONETARY CONTRIBUTIONS FROM DONORS FOR THE BENEFIT OF THE UNIVERSITY OF ALASKA STUDENTS. SCHOLARSHIPS ARE AVAILABLE TO STUDENTS BASED ON MERIT...

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STUDENT FINANCIAL AID: THE FOUNDATION RECEIVES MONETARY CONTRIBUTIONS FROM DONORS FOR THE BENEFIT OF THE UNIVERSITY OF ALASKA STUDENTS. SCHOLARSHIPS ARE AVAILABLE TO STUDENTS BASED ON MERIT, FINANCIAL NEED, OUTSTANDING ACHIEVEMENT IN SPECIALIZED FIELDS, OR ANY COMBINATION OF THESE CRITERIA. IN FY25, THE FOUNDATION AWARDED 3,673 SCHOLARSHIPS TO 2,366 STUDENTS.

Program 3
Expenses: $5,694,863 Revenue: $0

STUDENT & PUBLIC SUPPORT: THE FOUNDATION ADMINISTERS CHARITABLE GIFTS INTENDED BY DONORS TO ENHANCE STUDENT LIFE, COMMUNITY ENGAGEMENT, AND PUBLIC LEARNING. THESE INCLUDE UA ATHLETICS, RADIO/TV...

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STUDENT & PUBLIC SUPPORT: THE FOUNDATION ADMINISTERS CHARITABLE GIFTS INTENDED BY DONORS TO ENHANCE STUDENT LIFE, COMMUNITY ENGAGEMENT, AND PUBLIC LEARNING. THESE INCLUDE UA ATHLETICS, RADIO/TV STATIONS, LIBRARY, MUSEUM, AND COOPERATIVE EXTENSION SERVICES AMONG OTHERS. SUPPORT IS ACCOMPLISHED THROUGH REIMBURSEMENT OF UA PERSONNEL COSTS, TRAVEL, OPERATING EXPENSES, AND CAPITAL EXPENDITURES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $23,266,465
Program Service Revenue $0
Investment Income $16,181,751
Other Revenue $-41,443
TOTAL REVENUE $39,406,773

Expense Breakdown

Grants Paid $26,571,515
Salaries & Benefits $4,556,461
Fundraising Expenses $5,029,595
Program Expenses $26,571,515
Other Expenses $3,642,774
TOTAL EXPENSES $34,970,608

Year-over-Year Comparison

2024 2023 Change
Revenue $39,406,773 $23,112,587 +0.7%
Expenses $34,970,608 $40,059,313 -0.1%
Net Income $4,436,165 $-16,946,726 -1.3%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
26
Independent Members
21
Employees
N/A
Volunteers
26

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$531,886
Total Directors
28
$1,835,831
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAT PITNEY DIRECTOR 0.50
Director
$0 $75,611 $483,243
SEAN PARNELL DIRECTOR 0.50
Director
$0 $120,813 $426,262
DAN WHITE DIRECTOR 0.50
Director
$0 $50,712 $393,215
APARNA DILEEP-NAGESWARAN PALMER DIRECTOR 0.50
Director
$0 $77,091 $320,853
TOD BURNETT FORMER OFFICER 20.00
$0 $23,191 $270,553
MEGAN REIBE VP OF DEVELOPMENT (THROUGH 12/31/24) 20.00
Highest
$0 $72,028 $269,282
ALEX SLIVKA CHIEF FINANCIAL OFFICER 40.00
Officer
$0 $87,721 $267,830
TLISA NORTHCUTT PRESIDENT AND CHIEF DEVELOP. OFFICER 20.00
Officer
$0 $104,167 $264,056
DAVID WOODLEY CHIEF DATA OFFICER 40.00
Highest
$0 $97,944 $234,030
EMILY DRYGAS DIRECTOR OF PRINCIPLE GIFTS 40.00
Highest
$0 $90,832 $229,741
CHERYL SIEMERS DIRECTOR 0.50
Director
$0 $63,099 $212,258
HARRY NEED SR DIR OF PHILANTHROPIC SERVICES 40.00
Highest
$0 $63,680 $203,007
MELINDA SEEVERS SR DIR OF STRATEGIC PARTNERSHIPS 40.00
Highest
$0 $51,979 $179,528
LAURA BRUCE CHAIR (THROUGH 12/31/24) 0.50
Officer Director
$0 $0 $0
MEG NORDALE CHAIR 1.00
Officer Director
$0 $0 $0
JENNIFER SCHRAGE VICE CHAIR 0.50
Officer Director
$0 $0 $0
STEPHANIE ERICKSON SECRETARY 0.50
Officer Director
$0 $0 $0
ROALD HELGESEN TREASURER 0.50
Officer Director
$0 $0 $0
DALE ANDERSON DIRECTOR 0.50
Director
$0 $0 $0
ANNA ATCHISON DIRECTOR 0.50
Director
$0 $0 $0
ANDREA CANFIELD DIRECTOR 0.50
Director
$0 $0 $0
STEVE COLLIGAN DIRECTOR 0.50
Director
$0 $0 $0
LAURA EDMONDSON DIRECTOR 0.50
Director
$0 $0 $0
JASON GOOTEE DIRECTOR 0.50
Director
$0 $0 $0
ELLA GOSS DIRECTOR 0.50
Director
$0 $0 $0
TODD GREIMANN DIRECTOR 0.50
Director
$0 $0 $0
SHAUNA HEGNA DIRECTOR 0.50
Director
$0 $0 $0
BRIAN HOLST DIRECTOR 0.50
Director
$0 $0 $0
MARY K HUGHES DIRECTOR 0.50
Director
$0 $0 $0
DAVID KARP DIRECTOR 0.50
Director
$0 $0 $0
STEPHANIE MADSEN DIRECTOR 0.50
Director
$0 $0 $0
RHONDA OLIVER DIRECTOR (THROUGH 12/31/24) 0.50
Director
$0 $0 $0
MELISSA REISER DIRECTOR 0.50
Director
$0 $0 $0
BENJAMIN ROTH DIRECTOR 0.50
Director
$0 $0 $0
TIMOTHY THOMPSON DIRECTOR 0.50
Director
$0 $0 $0
ALESHA TOWNS-BAIN DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $39,406,773 $34,970,608 $609,537,299 $4,436,165
2024 $23,112,587 $40,059,313 $571,219,798 $-16,946,726
2023 $16,970,419 $28,940,654 $547,534,007 $-11,970,235
2022 $78,947,787 $22,369,561 $526,923,123 $56,578,226
2021 $105,406,373 $19,687,574 $564,787,306 $85,718,799
2020 $30,048,910 $18,272,128 $433,420,168 $11,776,782
2019 $28,807,520 $22,577,554 $427,215,676 $6,229,966
2018 $23,110,219 $20,504,365 $410,291,827 $2,605,854
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