+According to Alaska Nonprofit Sector: Generating Economic Impact, the fourth iteration of the report and published in January 2018, 44,100 people were directly employed by nonprofit organizations in 2015—and counting indirect and induced...
+In both examples, it doesn’t matter if the organization offering the service is for profit or not. The non-monetary profit is shared by members of the community. We can simply that three pronged term by referring all value gained as profit.
+For example, we all know oil and gas drives Alaska, but do you know what our second biggest economic driver is? Turns out it's Alaska's nonprofits.
+"Something in the neighborhood of $3 billion comes into the state, and that number is primarily dependent on what we know from the census," said Mike Walsh, the Director of Public Policy at the non-profit consulting company, The Foraker Group.
+Among the others who echoed DeWitt's concerns were Eileen Arnold with the Tundra Women’s Coalition, Buck Bukowski of the Veterans of Foreign Wars, and Mike Walsh of The Foraker Group.
+But as the season of charitable giving kicks off, experts are advising to give more this year.
+State Office of Management and Budget Director Pat Pitney laid out Alaska’s $3 billion-plus budget shortfall with Alaska North Slope crude selling for less than $50 per barrel.
+Nonprofit organizations play an integral role in Alaska’s economy.
That was the message from Dennis McMillian, CEO of The Foraker Group, on Wednesday at the joint Kenai-Soldotna Chamber of Commerce luncheon held in Kenai.
+State budget cuts are a topic of concern throughout Alaska because of a big drop in oil tax revenue. McMillan said Foraker researchers predicted this drop in income several years ago, and sounded the alarm to the nonprofit sector.
+A nonprofit consulting group is encouraging other Alaska nonprofits to take a cue from falling oil prices and government funding.
