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← FIRST ALASKANS ENDOWMENT FUND

Form 990 for tax year 2024

Filed by FIRST ALASKANS ENDOWMENT FUND.

Totals

Total revenue
$1,082,097
Total expenses
$1,044,767
Contributions and grants received
$0
Grants paid
$965,076
Program service revenue
$0
Investment income
$1,082,097
Other revenue
$0
Total assets, end of year
$18,274,863
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$18,274,863
Program services expenses (Part IX)
$965,076
Management and general expenses
$79,691
Fundraising expenses
$0
Program service expenses (Part III)
$965,076

Program services were 92.4% 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.

  • 3 · Investment income

    total $498,730 · excluded $498,730

  • 7a · Gross sales of assets other than inventory

    securities $4,848,532

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

    securities $4,265,165

  • 7c · Gain or loss

    securities $583,367

  • 7d · Net gain or loss

    total $583,367 · related or exempt $583,367

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $965,076 · program services $965,076

  • 11f · Fees: investment management

    total $79,691 · management and general $79,691

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $531,027 · end of year $596,472

  • 4 · Accounts receivable

    beginning of year $23,087 · end of year $12,670

  • 11 · Investments: publicly traded securities

    beginning of year $16,965,163 · end of year $17,665,721

  • 27 · Net assets without donor restrictions

    beginning of year $17,519,277 · end of year $18,274,863

Mission and programs · 2024

Mission

TRUE TO IDENTITY, HERITAGE, AND VALUES, ALASKA NATIVES ARE INFORMED AND ENGAGED IN LEADING THE DECISIONS THAT SHAPE THE FUTURE

  • THE FIRST ALASKANS ENDOWMENT FUND SUPPORTS FIRST ALASKANS INSTITUTE

    Expenses $965,076 · Grants $965,076

As filed on the 2024 return.

Listed in Part VII

  • Willie Iggiagruk Hensley

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sam Kito Jr

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Valerie Davidson

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • Sven Haakanson Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sylvia Lange

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Georgianna Lincoln

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rosita Kahaani Worl

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Roy Agloinga

    PRESIDENT/CE

    Total calculated
    $183,747
    From this org
    $169,615
    From related orgs
    $0
    Other
    $14,132
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,615
    Bonus
    not reported
    Other
    not reported
    Deferred
    $2,492
    Nontaxable benefits
    $11,640
    Filer's total
    $183,747

  • Elizabeth Medicine Crow - Outgoing

    PRESIDENT/CE

    Total calculated
    $109,577
    From this org
    $106,503
    From related orgs
    $0
    Other
    $3,074
    Hours/week
    40

  • Joyce Field

    FINANCE DIRE

    Total calculated
    $16,617
    From this org
    $12,314
    From related orgs
    $0
    Other
    $4,303
    Hours/week
    40

  • Elizabeth David - Outgoing

    FINANCE DIRE

    Total calculated
    $34,230
    From this org
    $29,807
    From related orgs
    $0
    Other
    $4,423
    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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 7
BONUSES ARE OCCASIONALLY PAID TO EMPLOYEES BASED ON PERFORMANCE. ALL SUCH PAYMENTS ARE APPROVED BY THE BOARD PRIOR TO PAYMENT.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.0
Source object
202513149349303476

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