The Alaska Community Foundation

EIN: 920155067 501(c)(3) Philanthropy & Grantmaking

Anchorage, AK

Total Revenue
$27,187,413
Total Expenses
$24,507,039
Total Assets
$213,695,226
Net Assets
$210,427,810
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
AK
Principal Officer
Alexandra McKay
Phone
9072746703
Tax Period
2023-01-01 to 2023-12-31

The Alaska Community Foundation, founded in 1995, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $27.2M in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $24.5M left a modest 10% surplus.

Mission

TOGETHER WITH OUR ELEVEN LOCAL COMMUNITY FOUNDATIONS, WE CONNECT PEOPLE WHO CARE WITH CAUSES THAT MATTER, BY ENCOURAGING AND NURTURING PHILANTHROPY, AND PROVIDING DONORS WITH GRANT OPTIONS THAT ARE STRATEGIC TO THEIR PHILANTHROPIC OBJECTIVES. ALASKA COMMUNITY FOUNDATION (ACF) IS COMPRISED OF MORE THAN 2,500 FUNDS AND MANAGES APPROXIMATELY $200 MILLION IN PHILANTRHOPIC ASSETS. IN THE PAST TWO DECADES, ACF HAS AWARDED MORE THAN $200 MILLION IN GRANTS TO IMPROVE THE LIVES OF ALASKANS.

Program Service Accomplishments

Program 1
Expenses: $17,618,544 Revenue: $2,471,332

PHILANTHROPIC FUNDS - DONATIONS AND/OR GRANTS EXPENDED FROM THE HOLDINGS OF ENDOWED OR NON-ENDOWED CHARITABLE FUNDS FOR THE SOLE PURPOSE OF MAKING GRANTS TO 501(C)(3) CHARITABLE ORGANIZATIONS IN...

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PHILANTHROPIC FUNDS - DONATIONS AND/OR GRANTS EXPENDED FROM THE HOLDINGS OF ENDOWED OR NON-ENDOWED CHARITABLE FUNDS FOR THE SOLE PURPOSE OF MAKING GRANTS TO 501(C)(3) CHARITABLE ORGANIZATIONS IN PERPETUITY OR OTHERWISE.

Program 2
Expenses: $3,072,486 Revenue: $3,192,282

PICK.CLICK.GIVE - THIS PROGRAM ALLOWS ALASKANS TO DONATE A PORTION OF THEIR PERMANENT FUND DIVIDEND (PFD) TO CAUSES THEY CARE ABOUT STATEWIDE. ALASKA COMMUNITY FOUNDATION (ACF) RUNS THIS PROGRAM...

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PICK.CLICK.GIVE - THIS PROGRAM ALLOWS ALASKANS TO DONATE A PORTION OF THEIR PERMANENT FUND DIVIDEND (PFD) TO CAUSES THEY CARE ABOUT STATEWIDE. ALASKA COMMUNITY FOUNDATION (ACF) RUNS THIS PROGRAM TOGETHER WITH THE STATE OF ALASKA TO SUPPORT NON-PROFITS, TO WHICH PFD RECIPIENTS CAN DONATE. IN 2023, 22,690 PEOPLE GAVE $3,218,075 TO 614 NON-PROFIT ORGANIZATIONS STATEWIDE THROUGH THIS PROGRAM

Program 3
Expenses: $1,000,524 Revenue: $1,358

SUPPORT CAMP ORGANIZATIONS STATEWIDE. THE ALASKA COMMUNITY FOUNDATION HAS PARTNERED WITH RASMUSON FOUNDATION, MAT-SU HEALTH FOUNDATION, AND THE GEORGE AND STEPHANIE SUDDOCK FOUNDATION TO PROVIDE...

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SUPPORT CAMP ORGANIZATIONS STATEWIDE. THE ALASKA COMMUNITY FOUNDATION HAS PARTNERED WITH RASMUSON FOUNDATION, MAT-SU HEALTH FOUNDATION, AND THE GEORGE AND STEPHANIE SUDDOCK FOUNDATION TO PROVIDE SUPPORT TO SUMMER CAMPS ACROSS ALASKA. SUMMER CAMPS ARE A RITE OF PASSAGE FOR ALASKAN YOUTH AND ESSENTIAL CHILDCARE INFRASTRUCTURE FOR ALASKAN FAMILIES. THE CAMP INITIATIVE SUPPORTS SUMMER ENRICHMENT PROGRAMMING FOR ALASKAN YOUTH, INCLUDING BOTH OVERNIGHT AND DAY CAMPS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $16,068,797
Program Service Revenue $5,570,317
Investment Income $5,562,657
Other Revenue $-14,358
TOTAL REVENUE $27,187,413

Expense Breakdown

Grants Paid $14,003,731
Salaries & Benefits $2,496,753
Fundraising Expenses $683,797
Program Expenses $21,691,554
Other Expenses $8,006,555
TOTAL EXPENSES $24,507,039

Year-over-Year Comparison

2023 2022 Change
Revenue $27,187,413 $62,719,512 -0.6%
Expenses $24,507,039 $48,051,839 -0.5%
Net Income $2,680,374 $14,667,673 -0.8%
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
17
Independent Members
17
Employees
44
Volunteers
400

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
$425,762
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN GRAY CFO 45.0
Officer
$209,981 $23,312 $233,293
NINA KEMPPEL CEO 40.0
Officer
$187,930 $4,539 $192,469
KATHRYN KAVANAUGH VP INNOVATION & ADMIN 45.0
Highest
$147,750 $25,539 $173,289
ELIZABETH MILLER VP DEVELOPMENT & COMMUNICATION 45.0
Highest
$140,750 $20,124 $160,874
Megan Cacciola VP of Program & Grants 45.0
Highest
$125,750 $27,866 $153,616
Janel Hodge Director of Finance 45.0
Highest
$109,212 $19,208 $128,420
Jessie Lavoie Director of Program & Grants 45.0
Highest
$102,712 $25,063 $127,775
GABE KOMPKOFF Chair 1.0
Officer Director
$0 $0 $0
JIM PALMER Past Chair 1.0
Officer Director
$0 $0 $0
CAROL GORE Vice Chair 1.0
Officer Director
$0 $0 $0
AARON KUSANO Secretary 1.0
Officer Director
$0 $0 $0
Tom Barrett Treasurer 1.0
Officer Director
$0 $0 $0
BARBARA DONATELLI DIRECTOR 1.0
Director
$0 $0 $0
ANTHONY MALLOTT DIRECTOR 1.0
Director
$0 $0 $0
Kristine NOROSZ DIRECTOR 1.0
Director
$0 $0 $0
KIM REITMEIER DIRECTOR 1.0
Director
$0 $0 $0
DAVE SHAFTEL DIRECTOR 1.0
Director
$0 $0 $0
MONICA SHAH DIRECTOR 1.0
Director
$0 $0 $0
Jessica Graham Director 1.0
Director
$0 $0 $0
Bernard Gatewood Director 1.0
Director
$0 $0 $0
Katie Carrigan Director 1.0
Director
$0 $0 $0
Margo Bellamy Director 1.0
Director
$0 $0 $0
Luke Blomfield Director 1.0
Director
$0 $0 $0
Haven Harris Director 1.0
Director
$0 $0 $0
Shauna Hegna Director 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
2024 No data No data No data No data
2023 $27,187,413 $24,507,039 $213,695,226 $2,680,374
2022 $62,719,512 $48,051,839 $191,830,219 $14,667,673
2021 $57,285,947 $33,049,473 $208,758,552 $24,236,474
2020 $93,626,867 $65,118,850 $168,147,953 $28,508,017
2019 $43,201,039 $19,680,848 $127,597,913 $23,520,191
2018 $25,976,542 $13,833,920 $92,916,203 $12,142,622
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