Alaska Village Initiatives

EIN: 920036144 501(c)(3) Philanthropy & Grantmaking

Anchorage, AK

Total Revenue
$1,416,684
Total Expenses
$1,711,073
Total Assets
$2,335,635
Net Assets
$-123,275
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
AK
Principal Officer
Charles Parker
Phone
9072745400
Tax Period
2023-10-01 to 2024-09-30

Alaska Village Initiatives, founded in 1968, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 21% operating deficit.

Mission

Alaska Village Initiatives AVI, a self-supporting corporation organized in 1968 by and for rural Alaskans, promotes the economic well-being of rural Alaskans through economic development, assistance, networking, advocacy, and education.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,268,581
Program Service Revenue $147,111
Investment Income $145
Other Revenue $847
TOTAL REVENUE $1,416,684

Expense Breakdown

Grants Paid $0
Salaries & Benefits $717,100
Fundraising Expenses $0
Program Expenses $1,337,325
Other Expenses $993,973
TOTAL EXPENSES $1,711,073

Year-over-Year Comparison

2023 2022 Change
Revenue $1,416,684 $1,695,848 -0.2%
Expenses $1,711,073 $1,674,491 +0.0%
Net Income $-294,389 $21,357 -14.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
17
Volunteers
N/A

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
6
$164,054
Total Directors
10
$3,788
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charles Parker CEO 40.00
Officer
$121,733 $0 $121,733
Lazaro George Quinto Vice President 25.00
Officer
$40,433 $0 $40,433
Myron Naneng Chairman 1.50
Officer Director
$788 $0 $788
Robert Stephan Sr Vice President 1.50
Officer Director
$600 $0 $600
Karen Linnell Director 1.50
Director
$500 $0 $500
Alfred Tellman Director 1.50
Director
$400 $0 $400
Shirley Ann Smelcer Director 1.50
Director
$400 $0 $400
Wassillie Gust Sr Secretary 3.00
Officer Director
$300 $0 $300
Jimmy Coopchiak Director 1.50
Director
$300 $0 $300
Kenneth Allen White Director 1.50
Director
$300 $0 $300
Joseph Ahmaogak Treasurer 1.50
Officer Director
$200 $0 $200
Andrew Miller Jr Director 1.50
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
2024 $1,416,684 $1,711,073 $2,335,635 $-294,389
2023 $1,695,848 $1,674,491 $1,532,146 $21,357
2022 $1,101,847 $1,005,677 $1,146,220 $96,170
2021 $539,424 $721,473 $590,536 $-182,049
2020 $857,700 $1,035,844 $720,683 $-178,144
2019 $1,096,975 $1,138,958 $1,178,230 $-41,983
2018 $564,990 $567,562 $2,372,060 $-2,572
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