Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $311,062

• 1c · Fundraising events

  $82,936

• 1e · Government grants (contributions)

  $258,679,856

• 1f · All other contributions, gifts and grants

  $7,963,092

• 2a · Program service revenue: 3rd Party Billings

  total $103,058,117 · related or exempt $103,058,117

• 2b · Program service revenue: Fees & Contracts Gov Agencies

  total $219,102,065 · related or exempt $219,102,065

• 2c · Program service revenue: Self Pay

  total $1,610,479 · related or exempt $1,610,479

• 3 · Investment income

  total $35,873,423 · excluded $35,873,423

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6a · Gross rents

  real property $1,327,882

• 6b · Less rental expenses

  real property $811,367

• 6c · Rental income or loss

  real property $516,515

• 6d · Net rental income or loss

  total $516,515 · excluded $516,515

• 7a · Gross sales of assets other than inventory

  securities $978,841,213

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

  securities $974,200,832 · other assets $32,914

• 7c · Gain or loss

  securities $4,640,381 · other assets -$32,914

• 7d · Net gain or loss

  total $4,607,467 · excluded $4,607,467

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

  $82,936

• 8b · Fundraising events: direct expenses

  $86,592

• 8c · Net income from fundraising events

  total -$86,592 · excluded -$86,592

• 9c · Net income from gaming

  total $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: Other Income

  total $2,021,944 · related or exempt $2,021,944

• 11e · Other revenue, total

  $2,021,944

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,992,514 · program services $1,992,514

• 2 · Grants to domestic individuals

  total $2,602,784 · program services $2,602,784

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $1,920,621 · management and general $1,920,621

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $249,800,390 · program services $197,023,210 · management and general $52,777,180

• 8 · Pension plan contributions

  total $14,597,507 · program services $11,229,484 · management and general $3,368,023

• 9 · Other employee benefits

  total $31,192,416 · program services $24,027,481 · management and general $7,164,935

• 10 · Payroll taxes

  total $16,520,709 · program services $12,949,565 · management and general $3,571,144

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $1,058,579 · management and general $1,058,579

• 11c · Fees: accounting

  total $70,391 · management and general $70,391

• 11d · Fees: lobbying

  total $233,838 · management and general $233,838

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $1,224,164 · management and general $1,224,164

• 11g · Fees: other

  total $131,627,658 · program services $119,511,055 · management and general $12,116,603

• 12 · Advertising and promotion

  total $420,834 · program services $199,579 · management and general $221,255

• 13 · Office expenses

  total $2,346,975 · program services $1,109,514 · management and general $1,237,461

• 14 · Information technology

  total $0

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $8,096,452 · program services $7,341,503 · management and general $754,949

• 17 · Travel

  total $3,190,264 · program services $2,542,326 · management and general $647,938

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $0

• 20 · Interest

  total $2,081,286 · program services $1,488,096 · management and general $593,190

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $19,607,321 · program services $16,211,307 · management and general $3,396,014

• 23 · Insurance

  total $1,121,253 · program services $368 · management and general $1,120,885

• 24a · Other expenses: Program Materials and Supplies

  total $8,560,427 · program services $7,635,219 · management and general $925,208

• 24b · Other expenses: Housekeeping

  total $2,787,702 · program services $2,397,325 · management and general $390,377

• 24c · Other expenses: Education and Training

  total $2,663,447 · program services $2,132,834 · management and general $530,613

• 24d · Other expenses: Minor Equipment

  total $2,401,127 · program services $1,618,753 · management and general $782,374

• 24e · All other expenses

  total $5,331,682 · program services $94,432,181 · management and general -$89,100,499

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $617,752 · end of year $13,933,926

• 2 · Savings and temporary cash investments

  beginning of year $67,136,081 · end of year $76,599,522

• 3 · Pledges and grants receivable

  beginning of year $22,753,035 · end of year $35,711,096

• 4 · Accounts receivable

  beginning of year $14,619,077 · end of year $15,304,138

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  beginning of year $2,165,807 · end of year $2,126,055

• 8 · Inventories for sale or use

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,888,448 · end of year $6,489,655

• 10a · Land, buildings and equipment: cost or other basis

  $529,146,191

• 10b · Land, buildings and equipment: accumulated depreciation

  $202,840,764

• 10c · Land, buildings and equipment, net

  beginning of year $323,953,348 · end of year $326,305,427

• 11 · Investments: publicly traded securities

  beginning of year $786,320,391 · end of year $884,025,849

• 12 · Investments: other securities

  beginning of year $30,541 · end of year $30,495

• 13 · Investments: program-related

  end of year $0

• 14 · Intangible assets

  end of year $0

• 15 · Other assets

  beginning of year $44,798,740 · end of year $55,731,223

• 17 · Accounts payable and accrued expenses

  beginning of year $13,028,809 · end of year $20,189,677

• 19 · Deferred revenue

  beginning of year $36,464,773 · end of year $15,783,903

• 20 · Tax-exempt bond liabilities

  beginning of year $12,944,670 · end of year $10,597,477

• 23 · Secured mortgages and notes payable

  beginning of year $72,772,302 · end of year $66,667,211

• 25 · Other liabilities

  beginning of year $40,820,276 · end of year $49,718,694

• 27 · Net assets without donor restrictions

  beginning of year $1,090,756,441 · end of year $1,252,787,840

• 28 · Net assets with donor restrictions

  beginning of year $495,949 · end of year $512,584

The filer's explanations (Part III)

Part I, Line 1a: Relevant information in regards to selections on 1a.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• Novarupta LLC

  Member in another LLC to develop Real Estate · AK · income -$45 · assets $32,299

  Directly controlled by Southcentral Foundation

• Coltsfoot LLC

  Member in another LLC to buy & sell C-Corp Stock · AK · income -$113 · assets $132,232

  Directly controlled by Southcentral Foundation

Related partnerships

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

• SCF-JL Investor LLC

  Buy and sell Stock · AK · 98.02% owned · share of income -$113 · share of assets $83,369 · general or managing partner

  Directly controlled by Coltsfoot LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Cook Inlet Region Inc

  C Corp · Native Corp · AK

  Directly controlled by NA