2026-05-14T17:34:37-07:00 2025-06-30 920143182 ALTMAN ROGERS & CO 3000 C ST STE 201 ANCHORAGE AK 99503 990 2024-07-01 920139183 Homer Foundation HOME 9072350541 3733 Ben Walters Lane Suite 7 Homer AK 99603 Stacey Schultz Executive Director 2026-05-14 true true Sterling Gillon CPA P02428406 9072742992 2024 2025-03-06 01:10:19Z Stacey Schultz 3733 Ben Walters Lane Suite 7 Homer AK 996032600 2318266 false X www.homerfoundation.org X 1991 AK To enhance the quality of life for the citizens of the greater Homer area by promoting philanthropic and charitable activities. 10 10 4 80 0 776626 2011253 0 50760 224039 18475 30994 845861 2266286 456314 707209 0 169671 213766 0 58768 120677 209756 746662 1130731 99199 1135555 6890452 8998883 432900 574171 6457552 8424712 X To enhance the quality of life for the citizens of the greater Homer area by promoting philanthropic and charitable activities. false false 611830 555009 9000 ALL OTHER PROGRAMS. 65200 65200 SCHOLARSHIPS: SCHOLARSHIPS TO SUPPORT AREA STUDENTS IN THEIR POSTSECONDARY EDUCATION. THESE SCHOLARSHIPS VARIED BETWEEN 1,0008,000 51000 51000 Impact Grants: Year round grants program to support large capital projects or staff development activities in the community. These grants are reviewed by the Board of Trustees and are meant to exhibit the following criteria: Demonstrate substantial and measurable impact on the quality of life of the service area.Demonstrate needs which arose due to a sudden, unexpected change in funding.Demonstrate substantial collaborationLeverage significant other fundingBe a lasting benefitDemonstrate sustainability 36000 36000 QUICK RESPONSE GRANTS: YEAR ROUND GRANTS PROGRAM TO SUPPORT CHARITABLE ACTIVITIES IN THE COMMUNITY. 86 GRANTS WERE AWARDED TO 43 DIFFERENTPROFITS IN OUR AREA. 36000 36000 764030 true true false false false true false false false true false false false false true true false false false false false false false false true false false true true false false false false false false false true false true false false false false false false false false true 0 0 true 4 true false false false false false false true 3 false false false false false false false X 10 10 false false false false false false true true true false false true true true true true true true true false X Stacey Schultz 9072350551 3733 Ben Walters Lane Suite 7 Homer AK 996032600 Stacey Schultz Executive Dir. 40.00 0.00 X 40153 0 1160 Douglas Baily Trustee 1.00 0.00 X 0 0 0 Van Hawkins Trustee 1.00 0.00 X 0 0 0 Paula Martin Vice President 2.00 0.00 X X 0 0 0 Denise Pitzman President 2.00 0.00 X X 0 0 0 Sara Reinert Trustee 1.00 0.00 X 0 0 0 Paul Seaton Trustee 2.00 0.00 X 0 0 0 Ken Taylor Secretary 1.00 0.00 X X 0 0 0 Tom Zitzmann Trustee 1.00 0.00 X 0 0 0 William Bell Treasurer 2.00 0.00 X X 0 0 0 Christopher Kincaid Trustee 1.00 0.00 X 0 0 0 Kenneth Schneider Trustee 1.00 0.00 X 0 0 0 40153 1160 0 false false false 0 13653 25000 1972600 47400 2011253 0 220699 220699 0 0 0 40672 37332 3340 3340 3340 23647 13653 2653 20994 20994 0 12995 11995 1000 1000 Admin Fee 900099 9000 9000 9000 2266286 9000 246033 642009 642009 65200 65200 0 0 87000 43500 35857 7643 0 90386 45193 37252 7941 0 15810 7905 6516 1389 20570 10285 8478 1807 91875 71666 20209 0 6000 822 4248 930 0 0 30000 23401 6599 19550 2678 13843 3029 20048 20048 17049 3614 7849 5586 0 0 0 2915 318 2497 100 0 0 0 0 2385 506 1098 781 3865 3865 Inventory 11995 11995 Dues and Subs 3013 2841 172 Supplies 2490 2490 Training 1224 1224 -2653 -155557 155557 -2653 1130731 764030 307933 58768 65694 19867 12 128834 58550 20350 0 0 0 0 11995 0 0 0 6663094 8732717 0 0 0 91107 97115 6890452 8998883 30536 7734 22005 24487 380359 541950 432900 574171 X 5848465 7764829 609087 659883 6457552 8424712 6890452 8998883 1135555 831605 X false false false X 568085 1808340 1019802 1056538 2011253 6464018 0 0 568085 1808340 1019802 1056538 2011253 6464018 1057307 5406711 76599 111130 118353 120314 220699 647095 1365 687 2052 12493 9000 21493 7134658 0.75780 0.70730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16 1363273 124402 3069588 true true 531482 176830 -152627 22966 532719 494447 2800 49561 -15326 531482 534909 57775 -90216 -8021 494447 90813 423781 22977 2662 534909 88062 971 4488 2709 90813 1.00000 true false false Accrued Leave 9231 Funds Managed for others 532719 541950 X 3104544 831605 4000 2653 838258 2266286 2266286 1137384 4000 2653 6653 1130731 1130731 Part X : FIN48 Footnote The 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. The Foundations tax returns are subject to possible examination by the Internal Revenue Service until the expiration of the related statute of limitations on those tax returns, generally three years. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Fundraising Exp on part VIII $2653 Part XII, Line 2d: Other expenses and losses per audited F/S Fundraising Exp on part VIII $2653 false Breakfast 37300 13653 23647 2184 469 37300 13653 23647 2184 469 2653 20994 true Homer Community Food Pantry 770 East End Road Homer AK 99603 920153030 3 25500 0 Community Chest and operations Homer Cycling Club 4658 Tamara St Homer AK 99603 273189396 3 100000 0 Eastland Trails Homer OPUS 355 E Pioneer Ave Homer AK 99603 843921663 3 25000 0 New Director IACE Travel 1177 Ave of the Americas New York NY 10036 14960 0 Japanese Fiscal Sponsorship Kachemak Bay Family Planning 3959 Ben Walters Lane Homer AK 99603 920106486 3 9968 0 Kachemak Nordic Ski Club PO Box 44 Homer AK 99603 920143362 3 25220 0 Baycrest Equipment Shed and Equipme Paul Banks Elementary PTA 1340 East End Road Homer AK 99603 542159374 3 16000 0 After School Program South Peninsula Hospital PO Box 2548 Homer AK 99603 830354063 3 10451 0 Closing non-endowed fund 9 10 Scholarships 24 65200 Grantmaker's Description of How Grants are Used The Homer Foundation moitors all United States grant funds through a formal Letter of Agreement (LOA) issued for every grant. The LOA outlines the approved purpose of the award and clearly defines all reporting and evaluation requirements. Grantee organizations must sign and return the LOA before funds are released, confirming their agreement to use the funds solely for the stated purpose. As part of the required evaluation process, grantees must submit an online grant report that includes a summary of the completed project and an explanation of how grant funds were expended and required public recognition of the fund(s) supporting the grant. All reporting requirements must be completed within sixty days of project completion. Foundation staff review each submitted evaluation to verify project completion, appropriate use of funds and compliance with all LOA requirements. The Foundation may follow up with grantees if additional clarification or documentation is needed. This process ensures accountability and proper stewardship of all grant funds. Lauren Seaton Employee 31981 Payroll false Schedule L, Part V Supplemental Information Lauren Seaton is the daughter of Paul Seaton. X 1 45000 FMV X Supplies 6 2400 false false false Form 990, Part VI, Section A, Line 7b All governance decisions are made through concensus decisions by the board of trustees. Form 990, Part VI, Section B, Line 11b THE FINANCE COMMITTEE REVIEWS THE COMPLETED 990, THEN PRESENTS IT TO THE BOARD WITH THEIR RECOMMENDATION FOR ACCEPTANCE AT A REGULAR BOARD MEETING. Form 990, Part VI, Section B, Line 12c AT 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, Part VI, Section B, Line 15a We purchased the Foraker Compensation guide to determine a comparable salary rate from around the state. We also utilized the Council on Foundations Grantmaker Salary and Benefits Report. Form 990, Part VI, Section C, Line 19 GOVERNING 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