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Nonprofiteer
← ALASKA CHRISTIAN COLLEGE

Form 990 for tax year 2022

Filed by ALASKA CHRISTIAN COLLEGE.

Totals

Total revenue
$5,993,184
Total expenses
$5,156,187
Contributions and grants received
$4,462,360
Grants paid
$598,712
Program service revenue
$1,348,613
Investment income
$105,043
Other revenue
$77,168
Total assets, end of year
$12,975,594
Total liabilities, end of year
$782,932
Net assets or fund balances, end of year
$12,192,662
Program services expenses (Part IX)
$2,517,941
Management and general expenses
$2,233,455
Fundraising expenses
$404,791
Program service expenses (Part III)
$2,517,941

Program services were 48.8% 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)

    $1,814,451

  • 1f · All other contributions, gifts and grants

    $2,647,909

  • 1g · Noncash contributions included above

    $2,350

  • 2a · Program service revenue: TUITION AND FEES

    total $1,324,506 · related or exempt $1,324,506

  • 2b · Program service revenue: SUMMER OPERATIONAL INC

    total $24,107 · related or exempt $24,107

  • 3 · Investment income

    total $83,159 · excluded $83,159

  • 6a · Gross rents

    real property $105,028

  • 6b · Less rental expenses

    real property $67,545

  • 6c · Rental income or loss

    real property $37,483

  • 6d · Net rental income or loss

    total $37,483 · related or exempt $28,800 · unrelated business $8,683

  • 7a · Gross sales of assets other than inventory

    securities $120,100 · other assets $2,154

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

    securities $100,370 · other assets $0

  • 7c · Gain or loss

    securities $19,730 · other assets $2,154

  • 7d · Net gain or loss

    total $21,884 · related or exempt $2,154 · excluded $19,730

  • 10a · Gross sales of inventory

    $22,515

  • 10b · Cost of goods sold

    $6,703

  • 10c · Net income from sales of inventory

    total $15,812 · related or exempt $15,812

  • 11a · Other revenue: DF ADMINISTRATIVE FEE

    total $17,305 · related or exempt $17,305

  • 11b · Other revenue: CATERING SERVICE

    total $5,273 · related or exempt $5,273

  • 11d · All other revenue

    total $1,295 · related or exempt $1,295

  • 11e · Other revenue, total

    $23,873

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $598,712 · program services $598,712

  • 5 · Compensation of officers, directors and key employees

    total $293,897 · management and general $166,806 · fundraising $127,091

  • 7 · Other salaries and wages

    total $1,955,630 · program services $830,187 · management and general $1,039,383 · fundraising $86,060

  • 8 · Pension plan contributions

    total $63,013 · program services $35,067 · management and general $18,943 · fundraising $9,003

  • 9 · Other employee benefits

    total $224,135 · program services $122,180 · management and general $70,585 · fundraising $31,370

  • 10 · Payroll taxes

    total $134,607 · program services $52,984 · management and general $68,019 · fundraising $13,604

  • 11c · Fees: accounting

    total $37,000 · management and general $37,000

  • 11f · Fees: investment management

    total $13,594 · management and general $13,594

  • 11g · Fees: other

    total $270,577 · program services $210,128 · management and general $44,207 · fundraising $16,242

  • 13 · Office expenses

    total $46,786 · program services $18,714 · management and general $23,393 · fundraising $4,679

  • 16 · Occupancy

    total $213,026 · management and general $213,026

  • 17 · Travel

    total $188,442 · program services $47,111 · management and general $56,532 · fundraising $84,799

  • 20 · Interest

    total $17,780 · management and general $17,780

  • 22 · Depreciation, depletion and amortization

    total $368,512 · program services $368,512

  • 23 · Insurance

    total $64,469 · management and general $64,469

  • 24a · Other expenses: UBIT

    total $3,716 · management and general $3,716

  • 24b · Other expenses: FOOD

    total $170,831 · program services $102,499 · management and general $51,249 · fundraising $17,083

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $137,159 · program services $70,438 · management and general $66,721 · fundraising $0

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $125,601 · program services $0 · management and general $125,601 · fundraising $0

  • 24e · All other expenses

    total $228,700 · program services $61,409 · management and general $152,431 · fundraising $14,860

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,296,889 · end of year $1,325,435

  • 2 · Savings and temporary cash investments

    beginning of year $2,280,548 · end of year $2,054,791

  • 3 · Pledges and grants receivable

    beginning of year $569,586 · end of year $331,817

  • 4 · Accounts receivable

    beginning of year $417,156 · end of year $7,772

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,628 · end of year $0

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

    $10,872,163

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

    $3,750,646

  • 10c · Land, buildings and equipment, net

    beginning of year $6,522,384 · end of year $7,121,517

  • 11 · Investments: publicly traded securities

    beginning of year $1,696,839 · end of year $2,134,262

  • 17 · Accounts payable and accrued expenses

    beginning of year $462,881 · end of year $335,665

  • 19 · Deferred revenue

    beginning of year $95,432 · end of year $111,917

  • 23 · Secured mortgages and notes payable

    beginning of year $831,312 · end of year $335,350

  • 27 · Net assets without donor restrictions

    beginning of year $8,627,226 · end of year $8,910,298

  • 28 · Net assets with donor restrictions

    beginning of year $2,768,179 · end of year $3,282,364

Mission and programs · 2022

Mission

TO EMPOWER ALASKA NATIVES THROUGH BIBICALLY BASED HIGHER EDUCATION AND CHRISTIAN FORMATION TO PURSUE EXCELLENCE IN CHARACTER, LEARNING, AND SERVICE AS FOLLOWERS OF CHRIST.

Activities or mission (Part I)

POST-SECONDARY BIBLICALLY BASED HIGHER EDUCATION

  • PROVIDE STUDENTS WITH A THEOLOGICALLY BASED POST-SECONDARY EDUCATION INCLUDING ON CAMPUS SERVICES SUCH AS ROOM AND BOARD, AND OTHER SERVICES SUCH AS TRANSPORTATION.

    Expenses $2,517,941 · Grants $598,712 · Revenue $1,419,252

As filed on the 2022 return.

Listed in Part VII

  • Keith Hamilton

    PRESIDENT/CEO

    Total calculated
    $157,533
    From this org
    $73,119
    From related orgs
    $0
    Other
    $84,414
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $73,119
    Bonus
    $0
    Other
    $0
    Deferred
    $14,515
    Nontaxable benefits
    $69,899
    Filer's total
    $157,533

  • Tim Ciccone

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Bethany Nyboer

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Nora Nagaruk

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Sam Trotzke

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Michael Emerson

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Tom Mute

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Joelle Peelgren

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Curtis Ivanoff

    SUPERINTENDANT, AK CONFERENCE

    Total calculated
    $0
    Hours/week
    3

  • Jimmy Andrew

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Jason Battiest

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Janella Kamai

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Shawn Aspelund

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Brent Cunningham

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Loren Leman

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Luke Ringenberg

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Stan Van Amburg

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Jessica Hanneman

    MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Jeffrey Siemers

    CFO

    Total calculated
    $123,423
    From this org
    $94,733
    From related orgs
    $0
    Other
    $28,690
    Hours/week
    40

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2022
Filed
5 April 2024
IRS schema version
2022v5.0
Source object
202411039349300611

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