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Alaska Charr Educational Fund INC FY2023 filing

Tax-deductible

Anchorage, AK501(c)(3)Community Development EIN 06-1663010Revenue $308K in FY2023

On file with the IRSalaskacharr.com/scholarships1503 W 31st Ave Ste 102, 99503-3682 · Anchorage, AKTax-exempt since Aug 2003Publicly supported charity — 170(b)(1)(A)(vi)

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To encourage and assist qualified persons in developing a career in the Alaska hospitality industry through financial assistance, continuing education, on-the-job training, mentoring and job placement.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $12K a year · 4% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $37K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$74K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$308K
+193% vs prior year
Spent
$296K
To programs
95%
Net assets
$230K
By yearFY2020–FY2024
Revenue
$308K
FY2023▲ +193%
Tap a bar for its year
Revenue by fiscal year
FY2020$36K
FY2021$145K
FY2022$105K
FY2023$308K
FY2024$315K
FY2024$147K
Expenses
$296K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$296K
FY2024$305K
FY2024$143K
Net assets
$230K
FY2023▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$172K
FY2021$217K
FY2022$218K
FY2023$230K
FY2024$242K
FY2024$246K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $280K Management & general 5% · $16K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Sarah Mulligan
Vice President
$0Pt VII · Sec A
Jodi Blakley
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Dennis
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Glenn Brady
Director
$0Pt VII · Sec A
Don Grasse
Director
$0Pt VII · Sec A
Sarah Oates
President
$0Pt VII · Sec A
See Alaska Charr Educational Fund INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps people build careers in Alaska's hospitality industry with training, financial aid, and job placement.

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Provided by the organization

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1 program · $280K · in their own filed words · FY2022
01

Provide scholarship and training opportunities forhospitality industry students.

$280Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
The National Restaurant Association Educational FoundationFY2024$20K
The Community Foundation INCFY2024$16K
Total grants receivedfrom 2 funders$37K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$308K
Ln 12
Gifts and grantsLn 1h$252K
Other incomeLn 4–11$56K
Money outPt IX
$296K
Ln 25
Programscol B$280K
Managementcol C$16K
Owns and owesPt X
$230K
net assets · Ln 32
Cash and savingsLn 1–2$210K
Total assetsLn 16$305K
LiabilitiesLn 26$74K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$252K
Government grantsLn 1e$200K
Other incomeLn 4–11$56K
Total revenueLn 12$308K
Assets in detailPt X, end of year
CashLn 1$210K
Cash and savings togetherLn 1–2$210K
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$305K
LiabilitiesLn 26$74K
Net assetsLn 32$230K
OperationsPt I, VI
EmployeesI 50
VolunteersI 635
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$194K$210K
Land, buildings, equipmentLn 10c$0$1K
Total assetsLn 16$221K$305K
LiabilitiesLn 26$4K$74K
Net assetsLn 32$218K$230K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$71K$71K
Management feesLn 11a$12K$12K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$761$761
Advertising and promotionLn 12$519$519
Conferences, conventions and meetingsLn 19$442$442
Other expenses (24a–d)Ln 24$209K$209K
All other expensesLn 24e$402$402
Total functional expensesLn 25$296K$280K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $315K$305K$11K$242K 990 PDF
FY2023 Viewing $308K$296K$13K$230K 990 PDF
FY2022 $105K$218K 990 PDF
FY2021 $145K$217K 990 PDF
FY2020 $36K$172K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $308,226 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $27$251,929
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $105,315$56,297
I-12 Total revenuePrior year $105,342$308,226
I-13 Grants and similar amounts paidPrior year $27,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$70,744
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $77,925$224,934
I-18 Total expensesPrior year $104,925$295,678
I-19 Revenue less expensesPrior year $417$12,548
Part VI · Governance no flags
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $308,226 across 6 lines filed
Lines not itemized here account for $56,045 of total revenue; see the IRS return.
VIII-1b Membership dues$50,632
VIII-1e Government grants$200,000
VIII-1f All other contributions, gifts and grants$1,297
VIII-1h Total contributions, gifts and grants$251,929
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $252$252
VIII-12 Total revenueRelated to mission $252 · Unrelated business $56,045 · Excluded from tax $0$308,226
Part IX · Statement of functional expenses $295,678 across 8 lines filed
IX-7 Other salaries and wagesPrograms $70,744$70,744
IX-11a Management feesManagement $11,806$11,806
IX-11c Accounting feesManagement $1,858$1,858
IX-11g Other fees for servicesManagement $761$761
IX-12 Advertising and promotionManagement $519$519
IX-19 Conferences, conventions and meetingsManagement $442$442
IX-24 Other expenses (24a–d)Programs $209,146$209,146
IX-24e All other expensesManagement $402$402
IX-25 Total functional expensesPrograms $279,890 · Management $15,788 · Fundraising $0$295,678
Part X · Balance sheet $304,695 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $193,635$209,819
X-4 Accounts receivableStart of year $17,258$67,173
X-8 Inventories for sale or use$1,571
X-9 Prepaid expenses and deferred chargesStart of year $10,606$25,026
X-10c Land, buildings and equipment, netStart of year $0$1,106
X-16 Total assetsStart of year $221,499$304,695
X-17 Accounts payable and accrued expensesStart of year $3,757$74,405
X-26 Total liabilitiesStart of year $3,757$74,405
X-27 Net assets without donor restrictionsStart of year $217,742$230,290
X-32 Total net assets or fund balancesStart of year $217,742$230,290
X-33 Total liabilities and net assetsStart of year $221,499$304,695
Part XI · Reconciliation of net assets $230,290 net assets at year end
XI-1 Total revenue$308,226
XI-2 Total expenses$295,678
XI-3 Revenue less expenses$12,548
XI-4 Net assets at start of year$217,742
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$230,290

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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