Homer Foundation

Address
PO Box 2600
Homer, AK 996032600
Contact
Website: http://www.homerfoundation.org
Phone: +1 (907) 235-0541
Nonprofit
NTEE: T31 - Community Foundations
EIN: 92-0139183

Mission

Community Foundation
 20172016201520142013
Basic features of the organization
Year of formation1991
Subsection code03
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$46,500.00$45,000.00 $45,175.00$32,404.00
Sum of reportable (W2/1099) compensation$46,500.00$45,000.00$45,000.00$37,404.00$40,350.00
Number of employees33333
Number of volunteers1515151515
Personnel
Albert, Steve
TitleTreasurerTreasurerTreasurerTreasurerTreasurer
Name of key/compensated personSTEVE ALBERTSTEVE ALBERTSTEVE ALBERTSTEVE ALBERTSTEVE ALBERT
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.000.751.001.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Castner, Ken
TitleChairChairInv. Manager and Board ChairInv. Manager and Board ChairInv. Manager and Board Chair
Name of key/compensated personKEN CASTNERKEN CASTNERKEN CASTNERKEN CASTNERKEN CASTNER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org2.002.0015.0015.0015.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Grantier, Elaine
Title  TrusteeTrusteeTrustee
Name of key/compensated person  ELAINE GRANTIERELAINE GRANTIERELAINE GRANTIER
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.000.501.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Jason, Bonnie
TitleTrusteeTrusteeYAC AdvisorYAC AdvisorYAC Advisor
Name of key/compensated personBONNIE JASONBONNIE JASONBONNIE JASONBONNIE JASONBONNIE JASON
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.750.751.501.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Kizzia, Tom
TitleTrustee    
Name of key/compensated personTOM KIZZIA    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.75    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Larson, Flo
TitleTrusteeTrusteeTrusteeTrusteeTrustee
Name of key/compensated personFLO LARSONFLO LARSONFLO LARSONFLO LARSONFLO LARSON
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.750.750.500.501.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Laukitis, Buck
Title TrusteeTrustee, Co-chair Audit CommitteeTrusteeTrustee
Name of key/compensated person BUCK LAUKITISBUCK LAUKITISBUCK LAUKITISBUCK LAUKITIS
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 0.500.500.501.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Morris, Phil
TitleTrusteeTrusteeInvestment Committee ChairInvestment Committee ChairInvestment Committee Chair
Name of key/compensated personPHIL MORRISPHIL MORRISPHIL MORRISPHIL MORRISPHIL MORRIS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.501.002.001.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Mouw, John
TitleTrusteeTrusteeDistributions Committee ChairDistributions Committee ChairDistributions Committee Chair
Name of key/compensated personJOHN MOUWJOHN MOUWJOHN MOUWJOHN MOUWJOHN MOUW
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.501.003.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Pate, Mike
Title  TrusteeTrusteeTrustee
Name of key/compensated person  MIKE PATEMIKE PATEMIKE PATE
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  0.500.501.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Pitzman, Denise
TitleTrusteeTrusteeDevelopment Committee ChairDevelopment Committee Chair 
Name of key/compensated personDENISE PITZMANDENISE PITZMANDENISE PITZMANDENISE PITZMAN 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org0.750.751.501.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Prindle-Hess, Polly
Title SecretarySecretarySecretarySecretary
Name of key/compensated person POLLY PRINDLE-HESSPOLLY PRINDLE-HESSPOLLY PRINDLE-HESSPOLLY PRINDLE-HESS
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Current officer TrueTrueTrueTrue
Average hours per week working for org 0.751.001.002.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Robinson, Chris
TitleTrustee    
Name of key/compensated personCHRIS ROBINSON    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.50    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Spigelmyer, Terri
TitleTrusteeTrusteeTrustee  
Name of key/compensated personTERRI SPIGELMYERTERRI SPIGELMYERTERRI SPIGELMYER  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org0.750.750.50  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Steward, Joy
TitleExecutive DirectorExecutive DirectorExecutive DirectorExecutive DirectorExecutive Director
Name of key/compensated personJOY STEWARDJOY STEWARDJOY STEWARDJOY STEWARDJOY STEWARD
Position of compensated person
Current officerTrueTrueTrueTrue 
Average hours per week working for org40.0040.004040.0040.00
Reportable compensation from org$46,500.00$45,000.00$45,000.00$37,404.00$40,350.00
Other comp, non-reportable, from org and related orgs$0.00$0.00 $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 $0.00$0.00
Swartz, Carol
TitleVice ChairVice ChairVice ChairVice ChairVice Chair
Name of key/compensated personCAROL SWARTZCAROL SWARTZCAROL SWARTZCAROL SWARTZCAROL SWARTZ
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.501.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Wolter, Lindsay
TitleSecretaryTrusteeTrustee  
Name of key/compensated personLINDSAY WOLTERLINDSAY WOLTERLINDSAY WOLTER  
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrue True  
Average hours per week working for org0.750.750.50  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Purpose: mission, activities, & accomplishments
Mission or significant activitiesCommunity Foundation To enhance the quality of life for the citizens of the greater Homer area by promoting philanthropic and charitable activities.Community Foundation To enhance the quality of life for the citizens of the greater Homer area by promoting philanthropic and charitable activities.Community Foundation To enhance the quality of life for the citizens of the greater Homer area by promoting philanthropic and charitable activities.Community Foundation To enhance the quality of life for the citizens of the greater Homer area by promoting philanthropic and charitable activities.Community Foundation To enhance the quality of life for the citizens of the greater Homer area by promoting philanthropic and charitable activities.
Program service expenses, total$312,000.00$161,020.00$212,022.00$289,730.00$284,896.00
Programs, including revenue & expenses
CITY OF HOMER GRANTS PROGRAM TO SUPPORT TAX EXEMPT ORGANIZATIONS PROVIDING PROGRAMS AND SERVICES WITHIN THE CITY OF HOMER.
Program expenses$21,750.00$21,750.00$31,020.00$31,180.00$34,500.00
Grants and allocations made$21,750.00$21,750.00$31,020.00$31,180.00$34,500.00
Program revenue  $31,020.00$31,180.00$34,500.00
Program descriptionCITY OF HOMER GRANTS PROGRAM TO SUPPORT TAX EXEMPT ORGANIZATIONS PROVIDING PROGRAMS AND SERVICES WITHIN THE CITY OF HOMER.CITY OF HOMER GRANTS PROGRAM TO SUPPORT TAX EXEMPT ORGANIZATIONS PROVIDING PROGRAMS AND SERVICES WITHIN THE CITY OF HOMER.CITY OF HOMER GRANTS PROGRAM TO SUPPORT TAX EXEMPT ORGANIZATIONS PROVIDING PROGRAMS AND SERVICES WITHIN THE CITY OF HOMER.CITY OF HOMER GRANTS PROGRAM TO SUPPORT TAX EXEMPT ORGANIZATIONS PROVIDING PROGRAMS AND SERVICES WITHIN THE CITY OF HOMER.CITY OF HOMER GRANTS PROGRAM TO SUPPORT TAX EXEMPT ORGANIZATIONS PROVIDING PROGRAMS AND SERVICES WITHIN THE CITY OF HOMER.
SCHOLARSHIPS PROGRAM TO SUPPORT HOMER AREA STUDENTS PURSUING HIGHER EDUCATION.
Program expenses$21,550.00$20,150.00$20,150.00$15,500.00$10,400.00
Grants and allocations made$21,550.00$20,150.00$20,151.00$15,500.00$10,400.00
Program revenue  $20,150.00$15,500.00$10,400.00
Program descriptionSCHOLARSHIPS PROGRAM TO SUPPORT HOMER AREA STUDENTS PURSUING HIGHER EDUCATION.SCHOLARSHIPS PROGRAM TO SUPPORT HOMER AREA STUDENTS PURSUING HIGHER EDUCATION.SCHOLARSHIPS PROGRAM TO SUPPORT HOMER AREA STUDENTS PURSUING HIGHER EDUCATION.SCHOLARSHIPS PROGRAM TO SUPPORT HOMER AREA STUDENTS PURSUING HIGHER EDUCATION.SCHOLARSHIPS PROGRAM TO SUPPORT HOMER AREA STUDENTS PURSUING HIGHER EDUCATION.
YEAR-ROUND GRANTS PROGRAM TO SUPPORT CHARITABLE ACTIVITIES IN THE COMMUNITY.
Program expenses$145,887.00$119,120.00$151,472.00$96,837.00$127,724.00
Grants and allocations made  $151,472.00$96,837.00$127,724.00
Program revenue $54,481.00$151,472.00$96,837.00$127,724.00
Program descriptionYEAR-ROUND GRANTS PROGRAM TO SUPPORT CHARITABLE ACTIVITIES IN THE COMMUNITY.YEAR-ROUND GRANTS PROGRAM TO SUPPORT CHARITABLE ACTIVITIES IN THE COMMUNITY.YEAR-ROUND GRANTS PROGRAM TO SUPPORT CHARITABLE ACTIVITIES IN THE COMMUNITY.YEAR-ROUND GRANTS PROGRAM TO SUPPORT CHARITABLE ACTIVITIES IN THE COMMUNITY.YEAR-ROUND GRANTS PROGRAM TO SUPPORT CHARITABLE ACTIVITIES IN THE COMMUNITY.
Financial data
Revenue
Total revenue$672,887.00$262,982.00$99,397.00$273,081.00$483,495.00
Revenue from contributions (total)$641,525.00$502,902.00$220,552.00$335,128.00$413,124.00
Revenue from noncash contributions$70.00 $98.00  
Investment income, current yr$27,906.00-$240,973.00-$190,875.00-$64,963.00$67,673.00
Total revenue from grants, etc., current yr$641,525.00$502,902.00$220,552.00$335,128.00$413,124.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$3,456.00$0.00$68,086.00$1,069.00$1,958.00
Program service revenue (total) $1,053.00$1,634.00$1,847.00$740.00
Gross receipts$693,311.00$553,640.00$1,954,813.00$2,151,525.00$1,965,385.00
Sources of contributions
Revenue from fundraising events$46,451.00$29,172.00$16,951.00$1,516.00$1,875.00
Revenue from gov't grants$262,537.00$24,875.00$19,000.00$95,364.00$170,434.00
Revenue from all other contributions$332,537.00$448,855.00$184,601.00$238,248.00$240,815.00
Other types of revenue
Miscellaneous revenue (total)  $66,592.00  
Income from dividends, interest, and similar investments$23,797.00$24,256.00$68,243.00$168,095.00$143,285.00
Net rental income  $0.00$0.00$50.00
Net inventory sales (total)$3,456.00 $1,494.00$1,069.00$1,908.00
Expense categories (totals)
Total functional expenses: sum of all$527,463.00$249,800.00$272,436.00$354,446.00$344,519.00
Total functional expenses: program service $312,000.00$161,020.00$212,022.00$289,730.00$284,896.00
Total functional expenses: management and general$206,989.00$80,948.00$52,378.00$56,505.00$52,846.00
Total functional expenses: fundraising$8,474.00$7,832.00$8,036.00$8,211.00$6,777.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$2,552,281.00$2,911,390.00$2,130,554.00$2,576,721.00$2,056,567.00
Total assets, beginning of year$2,911,390.00$2,130,554.00$2,576,721.00$2,056,567.00$2,445,620.00
Total liabilities$332,167.00$404,054.00$354,238.00$395,173.00$305,346.00
Total liabilities, beginning of year$404,054.00$354,238.00$395,173.00$305,346.00$395,063.00
Unrestricted net assets, end of yr$1,875,788.00$2,172,166.00$1,630,410.00$1,994,360.00$1,562,650.00
Temporarily restricted net assets$260,803.00$230,902.00$52,322.00$73,049.00$98,242.00
Permanently restricted net assets, end of yr$83,523.00$104,268.00$93,584.00$114,139.00$90,329.00
Net assets$2,220,114.00$2,507,336.00$1,776,316.00$2,181,548.00$1,751,221.00
Net assets, beginning of year$2,507,336.00$1,776,316.00$2,181,548.00$1,751,221.00$2,050,557.00
Other liabilities$262,817.00$320,602.00$288,025.00$347,673.00$287,356.00
Other assets$14,225.00$22,301.00$30,225.00$113,509.00$143,875.00
Investments: publicly traded securities$1,456,803.00$2,166,609.00$1,406,226.00$2,049,864.00$1,842,203.00
Cash: non-interest bearing$2,572.00$231,310.00$213,156.00$22,133.00$1,278.00
Cash: non-interest bearing, beginning of year$231,310.00$213,156.00$22,133.00$1,278.00$1,663.00
Grants payable$37,850.00$45,004.00$22,662.00$17,154.00$14,900.00
Inventories for sale or use$16,423.00  $1,175.00$1,922.00
Other financial variables
Revenue less expenses$145,424.00$13,182.00-$173,039.00-$81,365.00$138,976.00
Advertising (total)$7,051.00$1,775.00$3,025.00$5,231.00$4,575.00
Savings & temp cash investment$1,036,054.00$475,375.00$440,547.00$339,040.00$66,645.00
Accounts receivable, net$26,204.00 $40,400.00$51,000.00$112.00
Prepaid expenses & deferred charges $15,795.00   
Accounts payable & accrued expenses$31,500.00$38,448.00$43,551.00$30,346.00$3,090.00
Total net assets or fund balances$2,220,114.00$2,507,336.00$1,776,316.00$2,181,548.00$1,751,221.00
Depreciation, depletion, amortization   $532.00$1,064.00
Governance and accountability
Number of voting members1212121212
Number of independent voting members1212121212
Financial sheets audited   TrueTrue
Relationships among key personnel  True  
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-07-012015-07-012014-07-012013-07-012012-07-01
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Indicators for schedules (selected)
Business transaction with entity owner   TrueTrue
Business transaction with employee   True 
Grants to domestic org/gov't >$5kTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-04-032017-09-062016-07-202015-05-262014-06-18
IRS schema version2016v3.02015v3.02014v6.02013v4.02012v2.0
Filing identifier201820629349300822201741189349300234201600639349300530201521139349300542201411019349301121
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