2025-10-08T09:01:42-07:00 2024-12-31 823726482 Rising Sun Accounting PO Box 25726 Seattle WA 98165 990 2024-01-01 842093790 UNIVERSITY OF THE ARCTIC FOUNDATION UNIV 9074552310 PO Box 80367 Fairbanks AK 99708 Brian Rogers Treasurer 9074600969 2025-10-08 1 1 Kirea LaRue P03331196 4074465408 2025-10-08 2024 2025-03-06 01:10:19Z X Morgan Dulian 910 Yukon Drive Suite 206D Fairbanks AK 99775 1687989 0 X https://uarcticfoundationus.org/ X 2019 WA The Corporation is organized exclusively for the charitable, scientific, and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), including, without limitation: to support Arctic higher education efforts of the University of the Arctic, also known as UArctic, and UArctic ry, a cooperative forum of universities, colleges, research institutes and other organizations in matters regarding northern regions, organized and headquartered in Rovaniemi Finland, including participation by US higher education institutions and their students, faculty and staff, in activities of the University of the Arctic. 3 3 2 3 0 0 372670 1638826 0 0 0 29163 0 -4578 372670 1663411 0 1160000 0 0 97505 306964 0 0 167916 46252 62915 143757 1529879 228913 133532 249485 383927 1802 7117 247683 376810 The Corporation is organized exclusively for the charitable, scientific, and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), including, without limitation: to support Arctic higher education efforts of the University of the Arctic, also known as UArctic, and UArctic ry, a cooperative forum of universities, colleges, research institutes and other organizations in matters regarding northern regions, organized and headquartered in Rovaniemi, Finland, including participation by US higher education institutions and their students, faculty and staff, in activities of the University of the Arctic. 0 0 1185957 1160000 0 Funds raised to support educational and research activities of US institutions participating in the University of the Arctic and the Arctic higher education efforts of the University of the Arctic 0 0 0 1185957 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X Dustin Bawcom 9074552310 PO Box 80367 Fairbanks AK 99708 Morgan Dulian Executive Director 40 0 X 161514 0 33262 Lars Kullerud President 5 0 X X 0 0 0 Krista Amason Secretary 1 0 X X 0 0 0 Brian Rogers Treasurer 1 0 X X 0 0 0 161514 0 33262 1 0 1 0 0 0 0 9000 0 0 1629826 0 1638826 0 29163 0 0 29163 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20000 9000 24578 -4578 0 -4578 0 0 0 0 0 0 0 0 0 0 0 0 0 1663411 0 0 24585 250000 250000 0 0 910000 910000 194776 97388 97388 72658 36329 36329 7440 3720 3720 13672 6836 6836 18418 9209 9209 1400 1400 1670 1670 7837 7837 1250 1250 6045 6045 5228 2611 2617 746 746 35505 25957 4162 5386 771 385 386 2463 2463 1529879 1185957 176006 167916 249485 54808 299119 30000 249485 383927 1802 7117 1802 7117 X 208156 357283 39527 19527 247683 376810 249485 383927 X 133532 0 0 0 -4405 0 X 0 0 0 X 1000 16950 1401 372670 1638826 2030847 6000 12000 18000 1000 16950 1401 378670 1650826 2048847 676880 1371967 29163 29163 2078010 0.66023 0.102 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 Europe (including Iceland and Greenland) 0 0 Fundraising 26869 Europe (including Iceland and Greenland) 0 0 Program Services Discover UArctic event in Lofoten,Norway and other program-related travels outside of the US. 25957 Europe (including Iceland and Greenland) 0 0 Grantmaking Grant to be used for the 2023 Arctic Entrepreneurship Fund awardees. The UArctic Entrepreneurship Fund supports the development of new services or products in the incubator stage that have a direct, beneficial impact to the Arctic environment or Arctic communities. 20000 Europe (including Iceland and Greenland) 0 0 Grantmaking Grant to be used for the UArctic Seabed Curtain Project, a project of the Thematic Networks on Ice Sheet Conservation led by Dr. John Moore." 890000 0 0 962826 Europe (including Iceland and Greenland) Grant to be used for the 2023 Arctic Entrepreneurship Fund awardees. The UArctic Entrepreneurship Fund supports the development of new services or products in the incubator stage that have a direct, beneficial impact to the Arctic environment or Arctic communities. 20000 Wire 0 FMV Europe (including Iceland and Greenland) To be used for the UArctic Seabed Curtain Project, a project of the Thematic Networks on Ice Sheet Conservation led by Dr. John Moore." 890000 Wire 0 FMV 2 2 0 0 0 0 0 0 Schedule F, Part I, Line 2 In our standard grant letters, we state that we may monitor use and conduct evaluations of the grant use, and also ask for a written report within 30 days of the end of the grantee's fiscal year providing a narrative and financial accounting of their usage of the grant funds. Other gift agreement language includes clauses about requiring the gift to be used for its intended purposes, and in the event that is not possible, to be used for a related purpose that will most closely accomplish the donor's (our) intent. Lofoten Event 29000 9000 20000 0 0 0 0 0 24578 0 0 29000 9000 20000 0 0 0 0 0 24578 24578 -4578 1 New York University 251 Mercer Street New York NY 100121185 135562308 501c(3) 250000 0 FMV To establish a fully expendable fund entitled Greenland Curtain Project, which will be used on an expendable basis to provide financial support for Professor David Holland's research fund at the Courant Institute of Mathematical Sciences. 1 1 Schedule I, Part I, Line 2 In our standard grant letters, we state that we may monitor use and conduct evaluations of the grant use, and also ask for a written report within 30 days of the end of the grantee's fiscal year providing a narrative and financial accounting of their usage of the grant funds. Other gift agreement language includes clauses about requiring the gift to be used for its intended purposes, and in the event that is not possible, to be used for a related purpose that will most closely accomplish the donor's (our) intent. X X X 0 0 0 0 0 0 0 0 0 Morgan Dulian Executive Director 161514 0 0 0 0 0 0 0 33262 0 194776 0 0 0 Form 990, Part VI, Section A, Line 8b There are no committees with the authority to act on behalf of the governing body. Form 990, Part VI, Section B, Line 11b University of the Arctic Foundation provides a full draft of Form 990 to all board members prior to filing. Board members have an opportunity to provide input and ask questions about the 990 prior to filing. Form 990, Part VI, Section B, Line 12c The written Conflict of Interest Policy is reviewed and signed by board members annually. Form 990, Part VI, Section B, Line 15 The Executive Director's compensation is determined by the Board of Directors using comparable salaries of positions in similar organizations. The board last reviewed and approved the Executive Director's salary in 2024. There are no other paid officers or key employees. Form 990, Part VI, Section C, Line 19 University of the Arctic Foundation makes its Form 990, Form 1023, governing documents, conflict of interest policy, and financial statements available to the public upon request. In addition, copies of Form 990 are available on public websites such as guidestar.org Form 990, Part XI A prior period adjustment totaling ($4,405) was recorded due to previously unrecognized liabilities. This adjustment was due to a $309 increase in professional fees and a $4,096 increase in payroll-related expenses, both related to the prior reporting period but identified during the current tax year. In accordance with Generally Accepted Accounting Principles (GAAP), this adjustment was made to ensure the financial statements accurately reflect the organization's financial position.