Nonprofit · EIN 83-2623463
SITKA FINE ARTS ENDOWMENT
Tax-exempt · SITKA, AK 99835
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $648,966 | $51,466 | $597,500 | $1,751,722 | $0 | $1,751,722 |
| December 31, 2024 | 990 | $26,957 | $49,000 | -$22,043 | $1,303,127 | $0 | $1,303,127 |
| December 31, 2023 | 990 | $2,740 | $48,164 | -$45,424 | $1,166,137 | $0 | $1,166,137 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $250,900
- Program service revenue
- $0
- Investment income
- $398,066
- Net gain from sales of assets
- $361,424
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $50,702
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $51,466
Balance sheet and other
- Total assets, start of year
- $1,303,127
- Total assets, end of year
- $1,751,722
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,751,722
- Publicly traded securities
- $1,599,847
- Net assets without donor restrictions
- $1,751,722
- Gross receipts
- $1,365,305
- Employees
- 0
- Year formed
- 2018
- State of legal domicile
- AK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAM SKAGGS | PRESIDENT Trustee or director, Officer | – | $0 |
| OSKAR YAO | VICE PRESIDE Trustee or director, Officer | – | $0 |
| W SCOTT DAVIS | SECRETARY Trustee or director, Officer | – | $0 |
| ELIZABETH BAGLEY | TREASURER Trustee or director, Officer | – | $0 |
| ROGER SCHMIDT | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAM SKAGGS | PRESIDENT Trustee or director, Officer | – | $0 |
| OSKAR YAO | TREASURER Trustee or director, Officer | – | $0 |
| W SCOTT DAVIS | VICE PRESIDE Trustee or director, Officer | – | $0 |
| ROGER SCHMIDT | SECRETARY Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAM SKAGGS | PRESIDENT Trustee or director, Officer | – | $0 |
| OSKAR YAO | VICE-PRESIDE Trustee or director, Officer | – | $0 |
| W SCOTT DAVIS | CO-TREASURER Trustee or director, Officer | – | $0 |
| STAN BARGE | CO-TREASURER Trustee or director, Officer | – | $0 |
| ROGER SCHMIDT | SECRETARY Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3086, SITKA, AK 99835-3086
- Principal officer (990 for 2025)
- SAM SKAGGS
- Signed the 990
- ELIZABETH BAGLEY, TREASURER
- Phone
- (907) 747-3085
- Return prepared by
- CHRISTINE E HARRINGTON CPA LLC
Mission
TO BUILD AND MANAGE AN ENDOWMENT FOR ALASKA ARTS SOUTHEAST, INC.
Program accomplishments
- OVERSEE THE MANAGEMENT OF AN INVESTMENT PORTFOLIO TO GENERATE INCOME TO ASSIST THE OPERATIONS OF ALASKA ARTS SOUTHEAST.Expenses $51,466 · grants $50,702
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-2623463
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A11)
- Assets (IRS master file)
- $1,751,722
- Income (IRS master file)
- $1,365,305
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $648,966 | $51,466 | $1,751,722 | IRS |
| 990 | December 2024 | $26,957 | $49,000 | $1,303,127 | XML |
| 990 | December 2023 | $2,740 | $48,164 | $1,166,137 | XML |
| 990 | December 2022 | $169,434 | $48,491 | $1,033,722 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-2623463).
Questions about SITKA FINE ARTS ENDOWMENT
- What is the EIN of SITKA FINE ARTS ENDOWMENT?
- The employer identification number (EIN) of SITKA FINE ARTS ENDOWMENT is 83-2623463.
- Is SITKA FINE ARTS ENDOWMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to SITKA FINE ARTS ENDOWMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does SITKA FINE ARTS ENDOWMENT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SITKA FINE ARTS ENDOWMENT due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SITKA FINE ARTS ENDOWMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SITKA FINE ARTS ENDOWMENT?
- The 990 for the year ended December 31, 2025 names SAM SKAGGS.
- Who are the officers and directors of SITKA FINE ARTS ENDOWMENT?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does SITKA FINE ARTS ENDOWMENT have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $648,966, expenses of $51,466 and total assets of $1,751,722 at year end.
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All nonprofits in SITKA · Alaska · Arts, culture and humanities