Form 990 for tax year 2023
Filed by HOMER FOUNDATION.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2023 , filed 4 February 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total revenue
- $2,079,032 changed to $845,861
- Total expenses
- $1,130,176 changed to $746,662
- Contributions and grants received
- $798,255 changed to $776,626
- Grants paid
- $424,884 changed to $456,314
- Investment income
- $684,408 changed to $50,760
- Other revenue
- $596,369 changed to $18,475
- Total assets, end of year
- $7,101,020 changed to $6,890,452
- Total liabilities, end of year
- $431,900 changed to $432,900
- Net assets or fund balances, end of year
- $6,669,120 changed to $6,457,552
- Program services expenses
- $875,137 changed to $478,830
- Management and general expenses
- $251,357 changed to $264,243
- Fundraising expenses
- $3,682 changed to $3,589
- Program service expenses (Part III)
- $875,137 changed to $478,830
Totals
- Total revenue
- $2,079,032
- Total expenses
- $1,130,176
- Contributions and grants received
- $798,255
- Grants paid
- $424,884
- Program service revenue
- $0
- Investment income
- $684,408
- Other revenue
- $596,369
- Total assets, end of year
- $7,101,020
- Total liabilities, end of year
- $431,900
- Net assets or fund balances, end of year
- $6,669,120
- Program services expenses (Part IX)
- $875,137
- Management and general expenses
- $251,357
- Fundraising expenses
- $3,682
- Program service expenses (Part III)
- $875,137
Program services were 77.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$25,000
-
1f · All other contributions, gifts and grants
$773,255
-
3 · Investment income
total $684,408 · excluded $684,408
-
10a · Gross sales of inventory
$1,874
-
10b · Cost of goods sold
$644
-
10c · Net income from sales of inventory
total $1,230 · excluded $1,230
-
11a · Other revenue: TRANSFERS TO BETWEEN FUNDS
total $595,139 · related or exempt $595,139
-
11e · Other revenue, total
$595,139
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $229,513 · program services $229,513
-
2 · Grants to domestic individuals
total $195,371 · program services $195,371
-
5 · Compensation of officers, directors and key employees
total $77,573 · management and general $77,573
-
7 · Other salaries and wages
total $60,833 · management and general $60,833
-
9 · Other employee benefits
total $388 · management and general $388
-
10 · Payroll taxes
total $26,482 · management and general $26,482
-
11c · Fees: accounting
total $4,500 · management and general $4,500
-
11f · Fees: investment management
total $22,500 · program services $22,500
-
11g · Fees: other
total $34,146 · program services $3,423 · management and general $30,723
-
12 · Advertising and promotion
total $21,340 · management and general $21,340
-
13 · Office expenses
total $10,279 · management and general $6,597 · fundraising $3,682
-
19 · Conferences, conventions and meetings
total $12,739 · management and general $12,739
-
23 · Insurance
total $8,032 · management and general $8,032
-
24a · Other expenses: ALLOWANCE FOR MNGD FUNDS
total $424,330 · program services $424,330
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $2,150 · management and general $2,150
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $31,697 · end of year $65,594
-
2 · Savings and temporary cash investments
beginning of year $148,519 · end of year $13
-
3 · Pledges and grants receivable
beginning of year $52,000 · end of year $103,350
-
8 · Inventories for sale or use
beginning of year $12,639 · end of year $11,995
-
9 · Prepaid expenses and deferred charges
beginning of year $2,250
-
11 · Investments: publicly traded securities
beginning of year $5,684,953 · end of year $6,920,068
-
17 · Accounts payable and accrued expenses
beginning of year $5,128 · end of year $30,536
-
18 · Grants payable
beginning of year $10,005 · end of year $22,005
-
19 · Deferred revenue
end of year $1,505
-
25 · Other liabilities
beginning of year $337,037 · end of year $377,854
-
27 · Net assets without donor restrictions
beginning of year $4,946,513 · end of year $6,669,120
-
28 · Net assets with donor restrictions
beginning of year $633,375
Mission and programs · 2023
Mission
TO ENHANCE THE QUALITY OF LIFE FOR THE CITIZENS OF THE GREATER HOMER AREA BY PROMOTING PHILANTHROPIC AND CHARITABLE ACTIVITIES.
-
QUICK RESPONSE GRANTS: YEAR ROUND GRANTS PROGRAM TO SUPPORT CHARITABLE ACTIVITIES IN THE COMMUNITY. 51 GRANTS WERE AWARDED TO 44 DIFFERENT NONPROFITS IN OUR AREA.
Expenses $228,914 · Grants $228,914
-
CITY OF HOMER GRANTS PROGRAM: THE CITY OF HOMER AND THE HOMER FOUNDATION HAVE AN AGREEMENT TO ALLOCATE GENERAL OPERATING DOLLARS TO AREA NONPROFITS THROUGH A COMPETETIVE GRANTS RPOCESS. THIS YEAR, 13 ORGANIZATIONS RECEIVED SUPPORT THROUGH THIS PROGRAM WITH GRANTS BETWEEN 4,500 AND 1,000.
Expenses $34,170 · Grants $34,170
-
SCHOLARSHIPS: 19 SCHOLARSHIPS TO SUPPORT AREA STUDENTS IN THEIR POST- SECONDARY EDUCATION. THESE SCHOLARSHIPS VARIED BETWEEN 1,000-7,000.
Expenses $46,000 · Grants $46,000
-
ALL OTHER PROGRAMS.
Expenses $566,053 · Grants $115,800
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael MillerMICHAEL MILLER
EXECUTIVE DI
- Total calculated
- $77,293
- From this org
- $74,320
- From related orgs
- $0
- Other
- $2,973
- Hours/week
- 40
-
Denise PitzmanDENISE PITZMAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Paula MartinPAULA MARTIN
TREASURER, V
- Total calculated
- $0
- Hours/week
- 2
-
Ken TaylorKEN TAYLOR
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Doug BailyDOUG BAILY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Liz DowningLIZ DOWNING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Van HawkinsVAN HAWKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Paul SeatonPAUL SEATON
CGC CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Tom ZitzmannTOM ZITZMANN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sara ReinertSARA REINERT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William BellWILLIAM BELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$41,045
EMERGENCY AID
-
$32,063
OPERATING SUPPORT
-
$25,046
OPERATING SUPPORT
-
$25,000
OPERATIONS
-
CITY OF HOMER
$20,364
SKATE PARK
-
$15,250
OPERATIONS
-
$11,345
ARTS EDUCATION
-
WEST HOMER ELEMENTARY
$8,000
OPERATIONS
-
$8,000
PROGRAM DIR SUPPORT
-
$7,700
OPERATING SUPPORT
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531329349306083
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