Ilisagvik College Foundation
Ilisagvik College Foundation consistently grows endowment with minimal expenses and no officer compensation.
EIN: 201650054 · Barrow, AK · NTEE: B82 · Updated: 2026-03-28
Is Ilisagvik College Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ilisagvik College Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ilisagvik College Foundation
Ilisagvik College Foundation (EIN: 201650054) is a nonprofit organization based in Barrow, AK, classified under NTEE code B82. The organization reported total revenue of $4.3M and total assets of $12.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ilisagvik College Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ilisagvik College Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Ilisagvik College Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization operates with volunteer leadership or that compensation is covered by the college itself, which is highly favorable for a nonprofit of its size with assets exceeding $11 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Ilisagvik College Foundation:
- Consistent and significant asset growth, from $3.4M in 2013 to $11M in 2023.
- Extremely low operating expenses relative to revenue and assets (e.g., $48,880 expenses vs. $663,360 revenue in 2023).
- 0% officer compensation reported across all filings, indicating high efficiency and volunteer leadership.
- No reported liabilities across all filings, demonstrating strong financial stability.
- Strong focus on endowment building for long-term support of Ilisagvik College.
Frequently Asked Questions about Ilisagvik College Foundation
Is Ilisagvik College Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ilisagvik College Foundation (EIN: 201650054) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Ilisagvik College Foundation spend its money?
Ilisagvik College Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ilisagvik College Foundation tax-deductible?
Ilisagvik College Foundation is registered as a tax-exempt nonprofit (EIN: 201650054). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Ilisagvik College Foundation a good charity?
Yes, the Ilisagvik College Foundation appears to be a very good charity, particularly for those interested in supporting long-term educational endowments. Its consistent asset growth, extremely low expenses, and 0% officer compensation demonstrate strong financial management and a clear focus on its mission.
How does the foundation use its revenue?
The foundation primarily uses its revenue to grow its endowment, as evidenced by its substantial asset growth from $3.4 million in 2013 to over $11 million in 2023, while keeping expenses very low (e.g., $48,880 in 2023).
What is the trend in the foundation's assets?
The foundation's assets have shown a consistent and significant upward trend, growing from $3,410,778 in 2013 to $11,039,523 in 2023, indicating successful endowment building.
Filing History
IRS 990 filing history for Ilisagvik College Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2023), Ilisagvik College Foundation's revenue has grown by 31.1%, moving from $506K to $663K. Total assets increased by 298.9% over the same period, from $2.8M to $11.0M. Total functional expenses rose by 41.7%, from $34K to $49K. In its most recent filing year (2023), Ilisagvik College Foundation reported a surplus of $614K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $663K | $49K | $11.0M | $0 | — | View 990 |
| 2022 | $1.4M | $51K | $9.9M | $0 | — | View 990 |
| 2021 | $904K | $45K | $10.5M | $0 | — | View 990 |
| 2020 | $617K | $37K | $7.8M | $0 | — | View 990 |
| 2019 | $647K | $35K | $7.5M | $0 | — | View 990 |
| 2018 | $611K | $32K | $6.9M | $0 | — | View 990 |
| 2017 | $905K | $34K | $6.0M | $0 | — | View 990 |
| 2016 | $403K | $38K | $5.1M | $0 | — | View 990 |
| 2015 | $476K | $46K | $4.8M | $0 | — | View 990 |
| 2013 | $539K | $42K | $3.4M | $0 | — | View 990 |
| 2012 | $506K | $34K | $2.8M | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $663K, expenses of $49K, and assets of $11.0M (revenue -50.9% year-over-year).
- 2022: Revenue of $1.4M, expenses of $51K, and assets of $9.9M (revenue +49.4% year-over-year).
- 2021: Revenue of $904K, expenses of $45K, and assets of $10.5M (revenue +46.5% year-over-year).
- 2020: Revenue of $617K, expenses of $37K, and assets of $7.8M (revenue -4.6% year-over-year).
- 2019: Revenue of $647K, expenses of $35K, and assets of $7.5M (revenue +5.9% year-over-year).
- 2018: Revenue of $611K, expenses of $32K, and assets of $6.9M (revenue -32.5% year-over-year).
- 2017: Revenue of $905K, expenses of $34K, and assets of $6.0M (revenue +124.8% year-over-year).
- 2016: Revenue of $403K, expenses of $38K, and assets of $5.1M (revenue -15.4% year-over-year).
- 2015: Revenue of $476K, expenses of $46K, and assets of $4.8M (revenue -11.8% year-over-year).
- 2013: Revenue of $539K, expenses of $42K, and assets of $3.4M (revenue +6.6% year-over-year).
- 2012: Revenue of $506K, expenses of $34K, and assets of $2.8M.
Data Sources and Methodology
This transparency report for Ilisagvik College Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.