Kea Educational Foundation INC EIN 27-0897796 Form 990 (PDF) Claim this org

Kea Educational Foundation INC

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Provides charitable, educational, and scientific support. For fiscal year 2024 it reported $128K in revenue, $56K in expenses.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Kodiak, AK
Website
kodiakelectric.com/ed-foundation
Filings
5 on file (2020–2024)
Revenue
$128KFY2024
Expenses
$56K
Net assets
$0
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-0897796 Unknown exempt organization Kodiak, AK
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides charitable, educational, and scientific support.
Leadership
Daniel Menth · Executive Director
Money in and out
$128K revenue, $56K expenses
Bottom line
+56% surplus margin
Reported financial activity · FY2024
Total revenue
$128K
Pt VIII · Ln 12
Total expenses
$56K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $72K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Surplus margin
+56%
revenue over expenses, this year▲ +198% vs prior filing year
Program spending
84%
of expenses reach programs▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$128K
FY2024▲ +98%
Expenses
$56K
FY2024▲ +7%
Total assets
$0
FY2024▼ -100%
Total liabilities
$0
FY2024
Total revenue
$128K
Pt VIII · Ln 12
Total expenses
$56K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$72K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKea Educational Foundation INC
EINHdr · item D27-0897796
Principal addressHdr · item CKodiak, AK
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
Secretary Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $47K of program spending, described in the organization's own filed words · FY2024.
01

The KEA Educational Foundation generated $29,896 in funds in 2024. Revenue was derived from three sources: 1 Contributions from Kodiak Electric Association members that elected to round up their monthly bill as a donation or elected to donate their capital credits to the KEA Educational Foundation. These donations totaled $9,896.

$47Kprogram expense

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Statement of Revenue

Part VIII
Investment income$98K · 77%
Contributions & grants$30K · 23%
Investment income77%$98K
Contributions & grants23%$30K
Total revenueLn 12$128K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$47K
Management & general16%$9K
Total functional expensesLn 25$56K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $56K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $47K · Total expenses $56K
84%
Management & General
Management & general $9K · Total expenses $56K
16%
Fundraising
Fundraising $0 · Total expenses $56K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $35K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $30K · Total revenue $128K
23%
Government reliance
Government grants $0 · Total revenue $128K
0%
Earned-income share
Program service revenue $0 · Total revenue $128K
0%
Investment reliance
Investment income $98K · Total revenue $128K
+77%
Program self-sufficiency
Program service revenue $0 · Total expenses $56K
0%
Growth & trend
Revenue growth (YoY)
This year $128K · Prior year $64K
+98%
Revenue CAGR
FY2020 $190K · FY2024 $128K
-9%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $128K · Expenses $56K
+56%
Liabilities-to-Assets
Total liabilities — · Total assets $0
Net-asset ratio
Net assets $0 · Total assets $0
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Daniel Menth · Reported title Executive Director · Highest reported compensation $0 · Total expenses $56K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $56K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Fundraising cost ratio 0%
Revenue growth 98%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 5 grants · $252K · 2020–2024
Unitemized GrantFY2024$46,667
Unitemized GrantFY2023$42,500
Unitemized GrantFY2022$65,582
Unitemized GrantFY2021$47,709
Unitemized GrantFY2020$49,458

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$128K revenue · viewing · ⤓ 990 PDF
FY2023$64K revenue · ⤓ 990 PDF
FY2022$38K revenue · ⤓ 990 PDF
FY2021$63K revenue · ⤓ 990 PDF
FY2020$190K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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