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← UNIVERSITY OF ALASKA FOUNDATION

Form 990 for tax year 2022

Filed by UNIVERSITY OF ALASKA FOUNDATION.

Totals

Total revenue
$16,970,419
Total expenses
$28,940,654
Contributions and grants received
$20,369,177
Grants paid
$22,437,103
Program service revenue
$0
Investment income
-$3,403,498
Other revenue
$4,740
Total assets, end of year
$547,534,007
Total liabilities, end of year
$179,425,098
Net assets or fund balances, end of year
$368,108,909
Program services expenses (Part IX)
$22,437,103
Management and general expenses
$3,217,221
Fundraising expenses
$3,286,330
Program service expenses (Part III)
$22,437,103

Program services were 77.5% 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.

  • 1b · Membership dues

    $237

  • 1c · Fundraising events

    $280,892

  • 1d · Related organizations

    $1,722,784

  • 1f · All other contributions, gifts and grants

    $18,365,264

  • 1g · Noncash contributions included above

    $477,292

  • 3 · Investment income

    total $4,598,917 · unrelated business $624,542 · excluded $3,974,375

  • 5 · Royalties

    total $1,674 · excluded $1,674

  • 7a · Gross sales of assets other than inventory

    securities $95,400,453

  • 7b · Less cost or other basis and sales expenses

    securities $103,402,868

  • 7c · Gain or loss

    securities -$8,002,415

  • 7d · Net gain or loss

    total -$8,002,415 · excluded -$8,002,415

  • 8a · Fundraising events: gross income

    $101,665

  • 8a · Fundraising events: contributions included on line 1c

    $280,892

  • 8b · Fundraising events: direct expenses

    $118,599

  • 8c · Net income from fundraising events

    total -$16,934 · excluded -$16,934

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $20,000 · excluded $20,000

  • 11e · Other revenue, total

    $20,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $18,244,756 · program services $18,244,756

  • 2 · Grants to domestic individuals

    total $4,192,347 · program services $4,192,347

  • 5 · Compensation of officers, directors and key employees

    total $387,193 · management and general $376,411 · fundraising $10,782

  • 7 · Other salaries and wages

    total $1,802,541 · management and general $205,267 · fundraising $1,597,274

  • 8 · Pension plan contributions

    total $201,508 · management and general $16,859 · fundraising $184,649

  • 9 · Other employee benefits

    total $839,182 · management and general $201,104 · fundraising $638,078

  • 10 · Payroll taxes

    total $137,300 · management and general $33,986 · fundraising $103,314

  • 11b · Fees: legal

    total $1,673 · management and general $1,673

  • 11c · Fees: accounting

    total $175,638 · management and general $175,638

  • 11e · Fees: professional fundraising services

    total $196,674 · fundraising $196,674

  • 11f · Fees: investment management

    total $1,744,603 · management and general $1,744,603

  • 11g · Fees: other

    total $7,160 · management and general $6,223 · fundraising $937

  • 12 · Advertising and promotion

    total $43,497 · management and general $37,802 · fundraising $5,695

  • 13 · Office expenses

    total $49,973 · management and general $44,160 · fundraising $5,813

  • 14 · Information technology

    total $479,599 · management and general $40,415 · fundraising $439,184

  • 16 · Occupancy

    total $105,243 · management and general $93,001 · fundraising $12,242

  • 17 · Travel

    total $118,381 · management and general $86,338 · fundraising $32,043

  • 19 · Conferences, conventions and meetings

    total $125,185 · management and general $97,661 · fundraising $27,524

  • 23 · Insurance

    total $8,377 · management and general $7,280 · fundraising $1,097

  • 24a · Other expenses: MEMBERSHIPS, DUES & SUB

    total $48,356 · management and general $42,025 · fundraising $6,331

  • 24b · Other expenses: FUNDRAISING EXPENSES

    total $23,673 · fundraising $23,673

  • 24c · Other expenses: LICENSES, TAXES & FEES

    total $3,799 · management and general $3,302 · fundraising $497

  • 24e · All other expenses

    total $3,996 · management and general $3,473 · fundraising $523

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $10,269,004 · end of year $4,015,825

  • 3 · Pledges and grants receivable

    beginning of year $12,741,869 · end of year $13,718,060

  • 8 · Inventories for sale or use

    beginning of year $133,982 · end of year $133,982

  • 9 · Prepaid expenses and deferred charges

    beginning of year $139,227 · end of year $152,563

  • 11 · Investments: publicly traded securities

    beginning of year $104,909,073 · end of year $120,852,550

  • 12 · Investments: other securities

    beginning of year $395,929,420 · end of year $407,218,896

  • 13 · Investments: program-related

    beginning of year $1,803,322

  • 15 · Other assets

    beginning of year $997,226 · end of year $1,442,131

  • 17 · Accounts payable and accrued expenses

    beginning of year $686,694 · end of year $1,017,893

  • 18 · Grants payable

    beginning of year $3,852,255 · end of year $3,268,127

  • 19 · Deferred revenue

    beginning of year $20,990 · end of year $5,000

  • 25 · Other liabilities

    beginning of year $170,219,695 · end of year $175,134,078

  • 27 · Net assets without donor restrictions

    beginning of year $27,455,155 · end of year $28,096,951

  • 28 · Net assets with donor restrictions

    beginning of year $324,688,334 · end of year $340,011,958

Mission and programs · 2022

Mission

THE UNIVERSITY OF ALASKA FOUNDATION SEEKS, SECURES, AND STEWARDS PHILANTHROPIC SUPPORT IN PARTNERSHIP WITH THE UNIVERSITY OF ALASKA SYSTEM TO HELP SHAPE ALASKA'S FUTURE.

Activities or mission (Part I)

SEEK, SECURE, AND STEWARD PHILANTHROPIC SUPPORT TO BUILD EXCELLENCE AT UNIVERSITY OF ALASKA.

  • ACADEMIC PROGRAM SUPPORT: THE FOUNDATION ACCEPTS, MANAGES, AND ACTS AS FIDUCIARY FOR ALL MONETARY GIFTS RECEIVED ON BEHALF OF THE UNIVERSITY OF ALASKA (UA). OVER 50% OF PROGRAM EXPENSES GO TO SUPPORT ACADEMIC SERVICES, FACILITIES, AND RELATED INFRASTRUCTURE ACROSS THE UA SYSTEM.

    Expenses $12,362,666 · Grants $12,362,666

  • STUDENT & PUBLIC SUPPORT: THE FOUNDATION ADMINISTERS CHARITABLE GIFTS INTENDED BY DONORS TO ENHANCE STUDENT LIFE, COMMUNITY ENGAGEMENT, AND PUBLIC LEARNING. THESE INCLUDE UA ATHLETICS, RADIO/TV STATIONS, LIBRARY, MUSEUM, AND COOPERATIVE EXTENSION SERVICES AMONG OTHERS. SUPPORT IS ACCOMPLISHED THROUGH REIMBURSEMENT OF UA PERSONNEL COSTS, TRAVEL, OPERATING EXPENSES, AND CAPITAL EXPENDITURES.

    Expenses $5,882,090 · Grants $5,882,090

  • STUDENT FINANCIAL AID: THE FOUNDATION RECEIVES MONETARY CONTRIBUTIONS FROM DONORS FOR THE BENEFIT OF THE UNIVERSITY OF ALASKA STUDENTS. SCHOLARSHIPS ARE AVAILABLE TO STUDENTS BASED ON MERIT, FINANCIAL NEED, OUTSTANDING ACHIEVEMENT IN SPECIALIZED FIELDS, OR ANY COMBINATION OF THESE CRITERIA. IN FY23, THE FOUNDATION AWARDED 2,249 SCHOLARSHIPS TO 1,823 STUDENTS.

    Expenses $4,192,347 · Grants $4,192,347

As filed on the 2022 return.

Listed in Part VII

  • PAT PITNEY

    DIRECTOR

    Total calculated
    $454,010
    From this org
    $0
    From related orgs
    $392,568
    Other
    $61,442
    Hours/week
    0.5 + 54.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $331,126 related
    Bonus
    $0
    Other
    $0 + $61,442 related
    Deferred
    $0 + $45,913 related
    Nontaxable benefits
    $0 + $15,529 related
    Filer's total
    $0 + $454,010 related

  • DAN WHITE

    DIRECTOR

    Total calculated
    $394,164
    From this org
    $0
    From related orgs
    $323,378
    Other
    $70,786
    Hours/week
    0.5 + 54.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $252,592 related
    Bonus
    $0
    Other
    $0 + $70,786 related
    Deferred
    $0 + $45,913 related
    Nontaxable benefits
    $0 + $24,873 related
    Filer's total
    $0 + $394,164 related

  • KAREN CAREY

    DIRECTOR

    Total calculated
    $258,743
    From this org
    $0
    From related orgs
    $228,601
    Other
    $30,142
    Hours/week
    0.5 + 54.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,459 related
    Bonus
    $0
    Other
    $0 + $30,142 related
    Deferred
    $0 + $30,142 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $258,743 related

  • SEAN PARNELL

    DIRECTOR

    Total calculated
    $378,669
    From this org
    $0
    From related orgs
    $280,505
    Other
    $98,164
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,341 related
    Bonus
    $0
    Other
    $0 + $98,164 related
    Deferred
    $0 + $66,298 related
    Nontaxable benefits
    $0 + $31,866 related
    Filer's total
    $0 + $378,669 related

  • LAURA BRUCE

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MEGAN NORDALE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • JULEE FARLEY

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • STEPHANIE MADSEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • DALE ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ANNA ATCHISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CYNTHIA CARTLEDGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • HEATHER CAVANAUGH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • STEPHANIE ERICKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • TODD GREIMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JASON GOOTEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ELLA GOSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JO HECKMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ROALD HELGESEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BRIAN HOLST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MARY K HUGHES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • LINDA HULBERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CARY KELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • RHONDA OLIVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JENNIFER SCHRAGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ALEX SLIVKA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • JOHNATHON TAYLOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • TIMOTHY THOMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ALESHA TOWNS-BAIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • TOD BURNETT

    PRESIDENT

    Total calculated
    $289,076
    From this org
    $0
    From related orgs
    $251,636
    Other
    $37,440
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,196 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $37,440 related
    Deferred
    $0 + $32,890 related
    Nontaxable benefits
    $0 + $4,550 related
    Filer's total
    $0 + $289,076 related

  • STAN MISHIN

    DIRECTOR OF FINANCE

    Total calculated
    $181,483
    From this org
    $0
    From related orgs
    $130,908
    Other
    $50,575
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $130,908 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,699 related
    Nontaxable benefits
    $0 + $30,876 related
    Filer's total
    $0 + $181,483 related

  • MEGAN REIBE

    VP OF DEVELOPMENT

    Total calculated
    $225,482
    From this org
    $0
    From related orgs
    $174,416
    Other
    $51,066
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $123,350 related
    Bonus
    $0
    Other
    $0 + $51,066 related
    Deferred
    $0 + $24,540 related
    Nontaxable benefits
    $0 + $26,526 related
    Filer's total
    $0 + $225,482 related

  • TLISA NORTHCUTT

    CHIEF DONOR RELATIONS OFFICER

    Total calculated
    $195,174
    From this org
    $0
    From related orgs
    $122,499
    Other
    $72,675
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $122,499 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $31,893 related
    Nontaxable benefits
    $0 + $40,782 related
    Filer's total
    $0 + $195,174 related

  • DAVID WOODLEY

    CHIEF DATA OFFICER

    Total calculated
    $197,328
    From this org
    $0
    From related orgs
    $125,325
    Other
    $72,003
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $125,325 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $31,418 related
    Nontaxable benefits
    $0 + $40,585 related
    Filer's total
    $0 + $197,328 related

  • EMILY DRYGAS

    DIRECTOR PRINCIPAL GIFTS

    Total calculated
    $195,369
    From this org
    $0
    From related orgs
    $129,517
    Other
    $65,852
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $129,517 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $31,820 related
    Nontaxable benefits
    $0 + $34,032 related
    Filer's total
    $0 + $195,369 related

  • HARRY NEED

    SENIOR DIR. OF PHILANTHROPIC SERVICES

    Total calculated
    $172,075
    From this org
    $0
    From related orgs
    $121,083
    Other
    $50,992
    Hours/week
    40 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $121,083 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,214 related
    Nontaxable benefits
    $0 + $32,778 related
    Filer's total
    $0 + $172,075 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE UA FOUNDATION'S COMPENSATION SYSTEM IS ADMINISTERED BY THE UNIVERSITY OF ALASKA'S HUMAN RESOURCES DEPARTMENT IN ACCORDANCE WITH THE UNIVERSITY'S POLICIES AND PROCEDURES. THE UNIVERSITY OF ALASKA IS CONSIDERED AN UNRELATED ORGANIZATION AS THEY ARE INDEPENDENT OF THE UNIVERSITY OF ALASKA FOUNDATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2022
Filed
15 March 2024
IRS schema version
2022v5.0
Source object
202400999349300640

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