Alaska Airlines Foundation
Nonprofit profile at a glance
- EIN
- 920166198
- IRS 990-PF coverage
- 2020–2024
- Forms available
- Form 990-PF 2024
- Location
- Anchorage, AK, USA
- Phone
- 2063925719
- Rating
- 95
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Corporate Foundations
Reported finances
- Revenue
- $1,312,867
- Expenses
- $579,531
Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.
Overview
Mission
Corporate Foundations
What it reported funding in 2024
The foundation reported 66 grants totaling $572,500. The stated grant purposes included the chicas youth development program provides year-round, culturally specific services to address prevailing educational and racial disparities for latine youth throughout washington county. the program works in partnership with the hillsboro, forest grove, and beaverton school districts and is provided at 29 public school sites across washington county, with a focus on the crucial transition periods between middle and high school, and between high school and post-secondary pathways. it currently provides services to over 700 latine girls in grades 3-12 and in 12 universities for over 110+ college students., the `o ke ala maluhia is a project that combines the components of leadership development, self-empowerment, critical thinking, and soft skills such as social-emotional learning and healthy coping strategies. the concept of the project started as a pilot that allowed afy youth to travel outside of hawaii and be exposed to different cultures and ways of life and thinking. ways of life and thinking., and asas puget sound "academic readiness"career exploration opportunities (ceo)" program initiatives, which provide educational enrichment and workforce development programming for approximately 600 low-income, underrepresented students at three middle school sites in south king county. academic readiness and career exploration are integrated into our comprehensive after-school programs, which typically run monday through thursday for two hours after the bell rings. to encourage consistent student engagement, we align our program schedule with the school calendar and structure it around three enrollment sessions throughout the year., plus 63 other reported purposes.
Operating model
- Revenue model
- Donor-supported. 73% of the foundation's positive operating resources came from contributions.
- Distribution model
- Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.
- Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.
The verdict
STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. Assets provide a limited cushion relative to annual grants.
Rating breakdown
- Grant Deployment: 97
- Cost Efficiency: 99
- Transparency: 100
- Compliance: 100
- Endowment Health: 57
Detailed rating inputs
Grant Deployment
- Grant deployment ratio: 96.6%; rating input score 97; 44th percentile among comparable filings
Cost Efficiency
- Grant expense ratio: 98.8%; rating input score 99; 96th percentile among comparable filings
Transparency
- Grant recipient disclosure: Yes; rating input score 100
Compliance
- Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
- Property sale or exchange with a disqualified person: Pass
- Borrowing from or lending to a disqualified person: Pass
- Goods, services, or facilities involving a disqualified person: Pass
- Compensation paid to a disqualified person: Pass
- Assets transferred to a disqualified person: Pass
- Payment to a government official: Pass
- Uncorrected prior self-dealing: Pass
- Prior-year undistributed income: Pass
- Excess business holdings: Pass
- Investments that may jeopardize charitable purposes: Pass
- Uncorrected prior-year jeopardizing investments: Pass
- Attempt to influence legislation: Pass
- Attempt to influence an election: Pass
- Grants to individuals: Pass
- Grants to organizations: Pass
- Spending for a noncharitable purpose: Pass
- Funds received for a personal-benefit contract: Pass
- Premiums paid on a personal-benefit contract: Pass
- Prohibited tax-shelter transaction: Pass
- Filing consistency checks: 9; rating input score 100
Endowment Health
- Endowment-health comparison: 19.58; rating input score 57; 57th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Grants: 100% of grant recipient detail disclosed
- Payout: 96.6% grant deployment rate
- Trustees: Filed trustees detail
- Self-dealing: 100% of reviewed questions answered “No”
- Investments: 57th percentile for endowment coverage
- Consistency: 9 of 9 current checks pass
- Schedules: 1 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 66 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Endowment Health: Endowment-health comparison scored 57/100.