UNIVERSITY OF THE ARCTIC FOUNDATION

EIN: 842093790 501(c)(3) Education

Fairbanks, AK

Total Revenue
$1,663,411
Total Expenses
$1,529,879
Total Assets
$383,927
Net Assets
$376,810
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
WA
Principal Officer
Morgan Dulian
Phone
9074552310
Tax Period
2024-01-01 to 2024-12-31

UNIVERSITY OF THE ARCTIC FOUNDATION, founded in 2019, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 346% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 8% surplus.

Mission

The Corporation is organized exclusively for the charitable, scientific, and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), including, without limitation: to support Arctic higher education efforts of the University of the Arctic, also known as UArctic, and UArctic ry, a cooperative forum of universities, colleges, research institutes and other organizations in matters regarding northern regions, organized and headquartered in Rovaniemi Finland, including participation by US higher education institutions and their students, faculty and staff, in activities of the University of the Arctic.

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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 $1,638,826
Program Service Revenue $0
Investment Income $29,163
Other Revenue $-4,578
TOTAL REVENUE $1,663,411

Expense Breakdown

Grants Paid $1,160,000
Salaries & Benefits $306,964
Fundraising Expenses $167,916
Program Expenses $1,185,957
Other Expenses $62,915
TOTAL EXPENSES $1,529,879

Year-over-Year Comparison

2024 2023 Change
Revenue $1,663,411 $372,670 +3.5%
Expenses $1,529,879 $143,757 +9.6%
Net Income $133,532 $228,913 -0.4%
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
3
Independent Members
3
Employees
2
Volunteers
3

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
4
$194,776
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Morgan Dulian Executive Director 40
Officer
$161,514 $33,262 $194,776
Lars Kullerud President 5
Officer Director
$0 $0 $0
Krista Amason Secretary 1
Officer Director
$0 $0 $0
Brian Rogers Treasurer 1
Officer 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
2024 $1,663,411 $1,529,879 $383,927 $133,532
2023 $372,670 $143,757 $249,485 $228,913
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