Nonprofit · EIN 92-0139183
HOMER FOUNDATION
Tax-exempt · HOMER, AK 99603
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,266,286 | $1,130,731 | $1,135,555 | $8,998,883 | $574,171 | $8,424,712 |
| June 30, 2024 | 990 (amended) | $845,861 | $746,662 | $99,199 | $6,890,452 | $432,900 | $6,457,552 |
| June 30, 2023 | 990 | $1,174,483 | $680,341 | $494,142 | $5,932,058 | $352,170 | $5,579,888 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,011,253
- of which government grants
- $25,000
- Program service revenue
- $0
- Investment income
- $224,039
- Net gain from sales of assets
- $3,340
- Net income from fundraising events
- $20,994
- Net income from sales of inventory
- $1,000
- Other revenue
- $30,994
Expenses
- Grants and similar amounts paid
- $707,209
- Compensation of officers, directors and key employees
- $87,000
- Other salaries and wages
- $90,386
- Salaries, compensation and benefits (total)
- $213,766
- Professional fundraising fees
- $0
- Accounting fees
- $6,000
- Travel
- $2,915
- Depreciation
- $2,385
- Program services (functional)
- $764,030
- Management and general (functional)
- $307,933
- Fundraising (functional)
- $58,768
Balance sheet and other
- Total assets, start of year
- $6,890,452
- Total assets, end of year
- $8,998,883
- Total liabilities, end of year
- $574,171
- Net assets, end of year
- $8,424,712
- Publicly traded securities
- $8,732,717
- Net assets without donor restrictions
- $7,764,829
- Net assets with donor restrictions
- $659,883
- Gross receipts
- $2,318,266
- Employees
- 4
- Volunteers
- 80
- Year formed
- 1991
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Stacey Schultz | Executive Dir. Officer | 40 | $40,153 | $1,160 |
| Douglas Baily | Trustee Trustee or director | 1 | $0 | $0 |
| Van Hawkins | Trustee Trustee or director | 1 | $0 | $0 |
| Paula Martin | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Denise Pitzman | President Trustee or director, Officer | 2 | $0 | $0 |
| Sara Reinert | Trustee Trustee or director | 1 | $0 | $0 |
| Paul Seaton | Trustee Trustee or director | 2 | $0 | $0 |
| Ken Taylor | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Tom Zitzmann | Trustee Trustee or director | 1 | $0 | $0 |
| William Bell | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Christopher Kincaid | Trustee Trustee or director | 1 | $0 | $0 |
| Kenneth Schneider | Trustee Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL MILLER | EXECUTIVE DI Officer | 40 | $74,320 | $2,973 |
| DENISE PITZMAN | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| PAULA MARTIN | TREASURER, V Trustee or director, Officer | 2 | $0 | $0 |
| KEN TAYLOR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DOUG BAILY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LIZ DOWNING | TRUSTEE Trustee or director | 2 | $0 | $0 |
| VAN HAWKINS | DIRECTOR Trustee or director | 3 | $0 | $0 |
| PAUL SEATON | CGC CHAIR Trustee or director | 2 | $0 | $0 |
| TOM ZITZMANN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SARA REINERT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM BELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL MILLER | EXECUTIVE DI Officer | 40 | $64,160 | $683 |
| VAN HAWKINS | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| DENISE PITZMAN | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| PAULA MARTIN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| KEN TAYLOR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| PAUL SEATON | CGC CHAIR Trustee or director | 2 | $0 | $0 |
| TERRI SPIGELMYER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVE DERRY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LIZ DOWNING | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CHRISTINE THENO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LAWRENCE RADCLIFFE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SARA REINERT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DOUG BAILY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TOM ZITZMANN | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3733 BEN WALTERS LANE SUITE 7, HOMER, AK 99603-7739
- Principal officer (990 for 2024)
- Stacey Schultz, 3733 Ben Walters Lane Suite 7, Homer, AK 996032600
- Signed the 990
- Stacey Schultz, Executive Director
- Phone
- (907) 235-0541
- Website
- www.homerfoundation.org
- Return prepared by
- ALTMAN ROGERS & CO
Mission
To enhance the quality of life for the citizens of the greater Homer area by promoting philanthropic and charitable activities.
Program accomplishments
- ALL OTHER PROGRAMS.Expenses $611,830 · grants $555,009 · revenue $9,000
- SCHOLARSHIPS: SCHOLARSHIPS TO SUPPORT AREA STUDENTS IN THEIR POSTSECONDARY EDUCATION. THESE SCHOLARSHIPS VARIED BETWEEN 1,0008,000Expenses $65,200 · grants $65,200
- 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 sustainabilityExpenses $51,000 · grants $51,000
- QUICK RESPONSE GRANTS: YEAR ROUND GRANTS PROGRAM TO SUPPORT CHARITABLE ACTIVITIES IN THE COMMUNITY. 86 GRANTS WERE AWARDED TO 43 DIFFERENTPROFITS IN OUR AREA.Expenses $36,000 · grants $36,000
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 92-0139183
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O40Z)
- Assets (IRS master file)
- $8,998,883
- Income (IRS master file)
- $2,318,266
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,266,286 | $1,130,731 | $8,998,883 | IRS |
| 990 | June 2024 | $845,861 | $746,662 | $6,890,452 | XML |
| 990 | June 2023 | $1,174,483 | $680,341 | $5,932,058 | XML |
| 990 | June 2022 | $1,139,520 | $635,043 | $5,061,813 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 92-0139183).
Questions about HOMER FOUNDATION
- What is the EIN of HOMER FOUNDATION?
- The employer identification number (EIN) of HOMER FOUNDATION is 92-0139183.
- Is HOMER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to HOMER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOMER FOUNDATION 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 HOMER FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOMER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HOMER FOUNDATION?
- The 990 for the year ended June 30, 2025 names Stacey Schultz.
- Who are the officers and directors of HOMER FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 1 received compensation from the organization, the highest $40,153 (Stacey Schultz, Executive Dir.).
- How much revenue does HOMER FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,266,286, expenses of $1,130,731 and total assets of $8,998,883 at year end.
Other nonprofits in HOMER
- HOWL INC EIN 27-2315974 · last filed 990-EZ for 2024
- ALASKA CHESS EIN 82-5004241 · last filed 990-N for 2025
- SOUTH PENINSULA HOSPITAL INC EIN 92-0037099 · last filed 990 for 2025
- HOMER ELECTRIC ASSOCIATION INC EIN 92-0014079 · last filed 990 for 2024
- ALASKA ELECTRIC AND ENERGY COOPERATIVE INC EIN 92-0177236 · last filed 990 for 2024
- SOUTH PENINSULA BEHAVIORAL HEALTH SERVICES INC EIN 92-0072562 · last filed 990 for 2025
- KENAI PENINSULA HOUSING INITIATIVES INCORPORATED EIN 91-1823180 · last filed 990 for 2025
- HOMER SENIOR CITIZENS INCORPORATED EIN 92-0077789 · last filed 990 for 2025