Alaska Pacific University Foundation

EIN: 920150193 501(c)(3)

Anchorage, AK

Total Revenue
$1,748,804
Total Expenses
$779,562
Total Assets
$22,332,962
Net Assets
$22,320,841
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
AK
Principal Officer
John C Swalling
Phone
9075648310
Tax Period
2024-07-01 to 2025-06-30

Alaska Pacific University Foundation, founded in 1994, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $969K, a strong 55% operating margin.

Mission

TO ACCEPT, SOLICIT, RECEIVE, ADMINISTER, AND DISBURSE GIFTS, BEQUESTS, LEGACIES, DEVISES, AND CONVEYANCES OF REAL AND PERSONAL PROPERTY FOR THE BENEFIT OF ALASKA PACIFIC UNIVERSITY.

Program Service Accomplishments

Program 1
Expenses: $597,473

Carried on fundraising activities and managed assets for the benefit of Alaska Pacific University

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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 $639,717
Program Service Revenue $0
Investment Income $1,109,087
Other Revenue $0
TOTAL REVENUE $1,748,804

Expense Breakdown

Grants Paid $597,473
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $597,473
Other Expenses $182,089
TOTAL EXPENSES $779,562

Year-over-Year Comparison

2024 2023 Change
Revenue $1,748,804 $3,906,244 -0.6%
Expenses $779,562 $791,102 0.0%
Net Income $969,242 $3,115,142 -0.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
7

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
3
$0
Total Directors
7
$276,058
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANELLE VANASSE Member 1.0
Director
$0 $36,837 $276,058
John C Swalling Chair 1.0
Officer Director
$0 $0 $0
Jan Sieberts Vice Chair / Treasurer 1.0
Officer Director
$0 $0 $0
Jeff Leonard Secretary 1.0
Officer Director
$0 $0 $0
Trigg Davis member 1.0
Director
$0 $0 $0
ERIC WOHLFORTH MEMBER 1.0
Director
$0 $0 $0
LeeAnn Garrick Member 1.0
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 $1,748,804 $779,562 $22,332,962 $969,242
2024 $3,906,244 $791,102 $20,133,975 $3,115,142
2023 $1,032,482 $701,657 $16,436,093 $330,825
2022 $1,803,995 $748,090 $15,133,771 $1,055,905
2021 $1,619,955 $811,448 $17,382,604 $808,507
2020 $692,046 $954,466 $13,530,796 $-262,420
2019 $707,124 $826,026 $14,383,958 $-118,902
2018 $856,271 $793,827 $14,647,708 $62,444
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