HOMER FOUNDATION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
HOMER FOUNDATION (EIN 92-0139183)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-13
IRS object ID
202431349349306253
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-13T14:52:54-04:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN371709475PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FOSTER AND COMPANY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12801 E PALMER WASILLA HWYAddressLine1Txt
CityWASILLACityNm
State AbbreviationAKStateAbbreviationCd
ZIP996547339ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN920139183EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HOMER FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHOMEBusinessNameControlTxt
Phone9072350541PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 2600AddressLine1Txt
CityHOMERCityNm
State AbbreviationAKStateAbbreviationCd
ZIP996032600ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL MILLERPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone9072350541PhoneNum
Signature2024-05-13SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMICHAELPersonFirstNm
Person LastMILLERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL FOSTERPreparerPersonNm
PTINP02392370PTIN
Phone9072905555PhoneNum
Preparation2024-05-13PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMICHAEL MILLERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13733 BEN WALTERS LANE SUITE 7AddressLine1Txt
CityHOMERCityNm
State AbbreviationAKStateAbbreviationCd
ZIP99603ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,191,025GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.HOMERFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1991FormationYr
Legal Domicile StateAKLegalDomicileStateCd
Activity Or MissionTO ENHANCE THE QUALITY OF LIFE FOR THE CITIZENS OF THE GREATER HOMER AREA BY PROMOTING PHILANTHROPIC AND CHARITABLE ACTIVITIES.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee4TotalEmployeeCnt
Total Volunteers12TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,019,802PYContributionsGrantsAmt
CY Contributions Grants$1,056,538CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$118,353PYInvestmentIncomeAmt
CY Investment Income$118,333CYInvestmentIncomeAmt
PY Other Revenue$1,365PYOtherRevenueAmt
CY Other Revenue-$388CYOtherRevenueAmt
PY Total Revenue$1,139,520PYTotalRevenueAmt
CY Total Revenue$1,174,483CYTotalRevenueAmt
PY Grants And Similar Paid$289,212PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$291,304CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$91,604PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$151,816CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$334CYTotalFundraisingExpenseAmt
PY Other Expenses$254,227PYOtherExpensesAmt
CY Other Expenses$237,221CYOtherExpensesAmt
PY Total Expenses$635,043PYTotalExpensesAmt
CY Total Expenses$680,341CYTotalExpensesAmt
PY Revenues Less Expenses$504,477PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$494,142CYRevenuesLessExpensesAmt
Total Assets BOY$5,061,813TotalAssetsBOYAmt
Total Assets EOY$5,932,058TotalAssetsEOYAmt
Total Liabilities BOY$397,454TotalLiabilitiesBOYAmt
Total Liabilities EOY$352,170TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,664,359NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,579,888NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO ENHANCE THE QUALITY OF LIFE FOR THE CITIZENS OF THE GREATER HOMER AREA BY PROMOTING PHILANTHROPIC AND CHARITABLE ACTIVITIES.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$207,054ExpenseAmt
Grant$207,054GrantAmt
DescQUICK RESPONSE GRANTS: YEAR ROUND GRANTS PROGRAM TO SUPPORT CHARITABLE ACTIVITIES IN THE COMMUNITY. 86 GRANTS WERE AWARDED TO 43 DIFFERENT NONPROFITS IN OUR AREA.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$34,250ExpenseAmt
Grant$34,250GrantAmt
DescCITY 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 COMPETITIVE GRANTS RPOCESS. THIS YEAR, 13 ORGANIZATIONS RECEIVED SUPPORT THROUGH THIS PROGRAM WITH GRANTS BETWEEN 3,500 AND 1,000.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$50,000ExpenseAmt
Grant$50,000GrantAmt
DescSCHOLARSHIPS: 23 SCHOLARSHIPS TO SUPPORT AREA STUDENTS IN THEIR POST- SECONDARY EDUCATION. THESE SCHOLARSHIPS VARIED BETWEEN 1,000-8,000Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$168,517ExpenseAmt
DescALL OTHER PROGRAMS.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$168,517TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$459,821TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundYes (true)DonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (true)BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document4IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee4EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMICHAEL MILLERPersonNm
Phone9072350541PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 2600AddressLine1Txt
CityHOMERCityNm
State AbbreviationAKStateAbbreviationCd
ZIP996032600ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
MICHAEL MILLER
EXECUTIVE DI40.00Yes (X)$64,160$0$683
VAN HAWKINS
PRESIDENT3.00Yes (X)$0$0$0Yes (X)
DENISE PITZMAN
VICE PRESIDE2.00Yes (X)$0$0$0Yes (X)
PAULA MARTIN
TREASURER2.00Yes (X)$0$0$0Yes (X)
KEN TAYLOR
SECRETARY1.00Yes (X)$0$0$0Yes (X)
PAUL SEATON
CGC CHAIR2.00$0$0$0Yes (X)
TERRI SPIGELMYER
TRUSTEE1.00$0$0$0Yes (X)
DAVE DERRY
TRUSTEE1.00$0$0$0Yes (X)
LIZ DOWNING
TRUSTEE2.00$0$0$0Yes (X)
CHRISTINE THENO
TRUSTEE1.00$0$0$0Yes (X)
LAWRENCE RADCLIFFE
TRUSTEE1.00$0$0$0Yes (X)
SARA REINERT
TRUSTEE1.00$0$0$0Yes (X)
DOUG BAILY
TRUSTEE1.00$0$0$0Yes (X)
TOM ZITZMANN
TRUSTEE1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$64,160TotalReportableCompFromOrgAmt
Total Other Compensation$683TotalOtherCompensationAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Federated Campaigns$5,687FederatedCampaignsAmt
Fundraising$29,168FundraisingAmt
Government Grants$25,808GovernmentGrantsAmt
All Other Contributions$995,875AllOtherContributionsAmt
Total Contributions$1,056,538TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$120,314TotalRevenueColumnAmt
Exclusion$120,314ExclusionAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,981SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$1,981SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$1,981TotalRevenueColumnAmt
Related Or Exempt Func Income-$1,981RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$12,493FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$29,168ContriRptFundraisingEventAmt
Fundraising Direct Expenses$13,568FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$1,075TotalRevenueColumnAmt
Exclusion-$1,075ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$1,680GrossSalesOfInventoryAmt
Cost Of Goods Sold$993CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$687TotalRevenueColumnAmt
Exclusion$687ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,174,483TotalRevenueColumnAmt
Related Or Exempt Func Income-$1,981RelatedOrExemptFuncIncomeAmt
Exclusion$119,926ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$240,704TotalAmt
Program Services$240,704ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$50,600TotalAmt
Program Services$50,600ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$70,370TotalAmt
Management And General$70,370ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$67,078TotalAmt
Management And General$67,078ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,417TotalAmt
Management And General$1,417ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$389TotalAmt
Management And General$389ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$12,562TotalAmt
Management And General$12,562ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$4,100TotalAmt
Management And General$4,100ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$30,000TotalAmt
Program Services$30,000ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$35,975TotalAmt
Program Services$29,066ProgramServicesAmt
Management And General$6,909ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$20,053TotalAmt
Management And General$20,053ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$37,184TotalAmt
Program Services$14,288ProgramServicesAmt
Management And General$22,896ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$667TotalAmt
Management And General$667ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$8,171TotalAmt
Management And General$7,837ManagementAndGeneralAmt
Fundraising$334FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,543TotalAmt
Management And General$3,543ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
ALLOWANCE FOR MNGD FUNDS$95,163$95,163
DUES AND SUBSCRIPTIONS$2,365$2,365

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$680,341TotalAmt
Program Services$459,821ProgramServicesAmt
Management And General$220,186ManagementAndGeneralAmt
Fundraising$334FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$5,669BOYAmt
EOY$31,697EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$316,998BOYAmt
EOY$148,519EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$52,000EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$13,968BOYAmt
EOY$12,639EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$2,250EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,185LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,185LandBldgEquipAccumDeprecAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$4,725,178BOYAmt
EOY$5,684,953EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,061,813BOYAmt
EOY$5,932,058EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,702BOYAmt
EOY$5,128EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$60,002BOYAmt
EOY$10,005EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$38,400BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$297,350BOYAmt
EOY$337,037EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$397,454BOYAmt
EOY$352,170EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,915,471BOYAmt
EOY$4,946,513EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$748,888BOYAmt
EOY$633,375EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,664,359BOYAmt
EOY$5,579,888EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,061,813BOYAmt
EOY$5,932,058EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$494,142ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$421,387NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (true)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedfalseFSAuditedInd
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$650,564CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$568,085CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,808,340CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,019,802CurrentTaxYearMinus1YearAmt
Current Tax Year$1,056,538CurrentTaxYearAmt
Total$5,103,329TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$650,564CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$568,085CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,808,340CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,019,802CurrentTaxYearMinus1YearAmt
Current Tax Year$1,056,538CurrentTaxYearAmt
Total$5,103,329TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,137,771SubstantialContributorsTotAmt
Public Support Total170$3,965,558PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$62,453CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$76,599CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$111,130CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$118,353CurrentTaxYearMinus1YearAmt
Current Tax Year$120,314CurrentTaxYearAmt
Total$488,849TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$1,365CurrentTaxYearMinus1YearAmt
Current Tax Year$687CurrentTaxYearAmt
Total$2,052TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$12,493CurrentTaxYearAmt
Total$12,493TotalAmt
FieldValueIRS element (for citing)
Total Support$5,606,723TotalSupportAmt
Gross Receipts Rltd Activities$19,543GrossReceiptsRltdActivitiesAmt
Public Support CY1700.70730PublicSupportCY170Pct
Public Support PY1700.76080PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, LINE 10FormAndLineReferenceDesc
ExplanationREFUNDS, REBATES, REIMBURSEMENTS 0ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Donor Advised Funds Held15DonorAdvisedFundsHeldCnt
Donor Advised Funds Contri$25,307DonorAdvisedFundsContriAmt
Donor Advised Funds Grants$12,880DonorAdvisedFundsGrantsAmt
Donor Advised Funds Vl EOY$337,037DonorAdvisedFundsVlEOYAmt
Disclosed Org Leg CtrlYes (true)DisclosedOrgLegCtrlInd
Disclosed For Charitable PrpsYes (true)DisclosedForCharitablePrpsInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$494,447BeginningYearBalanceAmt
Contributions$2,800ContributionsAmt
Investment Earnings Or Losses$49,561InvestmentEarningsOrLossesAmt
Administrative Expenses-$15,326AdministrativeExpensesAmt
End Year Balance$531,482EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$534,909BeginningYearBalanceAmt
Contributions$57,775ContributionsAmt
Investment Earnings Or Losses-$90,216InvestmentEarningsOrLossesAmt
Administrative Expenses-$8,021AdministrativeExpensesAmt
End Year Balance$494,447EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$90,813BeginningYearBalanceAmt
Contributions$423,781ContributionsAmt
Investment Earnings Or Losses$22,977InvestmentEarningsOrLossesAmt
Administrative Expenses$2,662AdministrativeExpensesAmt
End Year Balance$534,909EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$88,062BeginningYearBalanceAmt
Contributions$971ContributionsAmt
Investment Earnings Or Losses$4,488InvestmentEarningsOrLossesAmt
Administrative Expenses$2,709AdministrativeExpensesAmt
End Year Balance$90,813EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$83,475BeginningYearBalanceAmt
Contributions$3,250ContributionsAmt
Investment Earnings Or Losses$4,320InvestmentEarningsOrLossesAmt
Administrative Expenses$2,983AdministrativeExpensesAmt
End Year Balance$88,062EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (true)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,185OtherCostOrOtherBasisAmt
Depreciation$1,185DepreciationAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescFUNDS MANAGED FOR OTHERSDesc
Amt$337,037Amt
FieldValueIRS element (for citing)
Total Liability$337,037TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 2, PART V, LINE 4PERMANENTLY RESTRICTED NET ASSETS CONSIST OF AN ENDOWMENT THAT MUST BE MAINTAINED IN PERPETUITY BY THE FOUNDATION. IN ACCORDANCE WITH DONOR RESTRICTIONS, THE FOUNDATION MAY USE THE INVESTMENT INCOME FROM THIS ENDOWMENT TO SUPPORT OPERATIONS.
SCHEDULE D, PAGE 3, PART XTHE FOUNDATION IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION AS DEFINED UNDER SECTION 509(A)(1). THE FOUNDATION IS EXEMPT FROM STATE INCOME TAXES UNDER THE ALASKA NONPROFIT CORPORATION ACT. THEREFORE, THE ACCOMPANYING STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES. ALTHOUGH THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES, ANY INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES IS SUBJECT TO THE REQUIREMENT OF FILING FEDERAL INCOME TAX FORM 990-T AND A TAX LIABILITY MAY BE DETERMINED ON THESE ACTIVITIES. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1HALIBUT COVE LVEvent1Nm
Gross Receipts Event1$41,661GrossReceiptsEvent1Amt
Charitable Contri Event1$29,168CharitableContriEvent1Amt
Gross Revenue Event1$12,493GrossRevenueEvent1Amt
Food And Beverage Event1$2,498FoodAndBeverageEvent1Amt
Entertainment Event1$3,000EntertainmentEvent1Amt
Other Direct Expenses Event1$8,070OtherDirectExpensesEvent1Amt
Gross Receipts Total$41,661GrossReceiptsTotalAmt
Charitable Contributions Tot$29,168CharitableContributionsTotAmt
Gross Revenue Total Events$12,493GrossRevenueTotalEventsAmt
Food And Beverage Total Events$2,498FoodAndBeverageTotalEventsAmt
Entertainment Total Events$3,000EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$8,070OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$13,568DirectExpenseSummaryEventsAmt
Net Income Summary-$1,075NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable (12 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
BUNNELL STREET ART
106 W BUNNELL AVEHOMERAK99603943220880501C3$7,000HOMER'S HEART RES.
CENTER FOR ALASKAN COASTAL STUDIES
708 SMOKEY BAY WAYHOMERAK99603920086250501C3$7,600OCEAN SCIENCE
GIRL SCOUTS OF ALASKA
3911 TURNAGAIN BLVD EASTANCHORAGEAK99517926000179501C3$7,154TRAVEL, RECRUITING
HOMER COMMUNITY FOOD PANTRY
770 EAST END RDHOMERAK99603920153030501C3$32,086EMERGENCY AID
HOMER COUNCIL ON THE ARTS
355 W PIONEER AVE STE 100HOMERAK99603510152554501C3$7,000ARTS EDUCATION
HOMER FARMERS MARKET
PO BOX 2274HOMERAK99603920176052501C3$8,000OPERATING SUPPORT
HOMER TRAILS ALLIANCE
PO BOX 2215HOMERAK99603871748161501C3$7,000TRAIL MAINTENANCE
HOSPICE OF HOMER
PO BOX 4174HOMERAK99603920115943501C3$8,500OPERATING SUPPORT
KACHEMAK BAY BROADCASTING INC
3913 KACHEMAK WAYHOMERAK99603920060366501C3$10,000TRANSMITTER
KENAI PENINSULA FAIR ASSOCATION
PO BOX 39210NINILCHIKAK99669270502341501C3$10,000SOUND UPGRADE
PRATT MUSEUM
3779 BARTLETT STHOMERAK99603926002856501C3$9,500OPERATING SUPPORT
SPARC ALASKA
PO BOX 698HOMERAK99603462829828501C3$36,000FLOORING
FieldValueIRS element (for citing)
Total501c3 Org12Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Recipient19RecipientCnt
Cash Grant$50,600CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE I, PAGE 1, PART I, LINE 2FormAndLineReferenceDesc
ExplanationGRANTS: THOSE REQUESTING GRANTS COMPLETE AN APPLICATION WHICH IS REVIEWED BY HOMER FOUNDATION STAFF. GRANTS ARE AWARDED TO NONPROFIT ORGANIZATIONS IN HOMER THAT SERVE THE NEEDS OF HOMER RESIDENTS. GRANT REQUESTS OVER 2,500 ARE REVIEWED BY THE ENTIRE BOARD. SCHOLARSHIPS: THE HOMER FOUNDATION DISTRIBUTES SEVERAL SCHOLARSHIPS WITH VARYING REQUIREMENTS. STUDENTS SUBMIT APPLICATIONS WITH REQUESTED MATERIALS, WHICH ARE REVIEWED BY HOMER FOUNDATION STAFF FOR ELIGIBILITY.ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

FieldValueIRS element (for citing)
PersonLAUREN SEATONPersonNm
FieldValueIRS element (for citing)
Relationship DescriptionFAMILY OF BOARDRelationshipDescriptionTxt
Transaction$23,075TransactionAmt
TransactionEMPLOYEETransactionDesc
Sharing Of RevenuesfalseSharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 2, PART III, LINE 4DALL OTHER PROGRAMS.
FORM 990, PAGE 6, PART VI, LINE 11BTHE FINANCE COMMITTEE REVIEWS THE COMPLETED 990, THEN PRESENTS IT TO THE BOARD WITH THEIR RECOMMENDATION FOR ACCEPTANCE AT A REGULAR BOARD MEETING.
FORM 990, PAGE 6, PART VI, LINE 12CAT THE BEGINNING OF THE YEAR, BOARD MEMBERS COMPLETE A DISCLOSURE STATEMENT LISTING ANY PERSONAL INTERESTS THAT COULD LEAD TO POTENTIAL CONFLICTS. AT THE TIME OF COMPLETING THIS QUESTIONNAIRE, BOARD MEMBERS ARE ASKED IF ANY HAVE OCCURRED. IN ADDITION, ALL COMMITTEE MEETINGS REGARDING GRANTS REVIEW THE CONFLICT OF INTEREST POLICY WITH ALL PRESENT MEMBERS AND ASK FOR DISCLOSURES. THE COMMITTEE CHAIR ENSURES THIS POLICY IS FOLLOWED.
FORM 990, PAGE 6, PART VI, LINE 15AWE PURCHASED THE FORAKER COMPENSATION GUIDE TO DETERMINE A COMPARABLE SALARY RATE FROM AROUND THE STATE
FORM 990, PAGE 6, PART VI, LINE 19GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, FINANCIAL REPORTS ARE PRESENTED IN THE ANNUAL REPORT WHICH IS MAILED OUT TO 900 CONSTITUENTS AND POSTED ON OUR WEBSITE: WWW.HOMERFOUNDATION.ORG

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