Fairbanks Concert Association
- Assets
- $1.2m
- Revenue
- $365.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Fairbanks, AK
- Founding
- 10/1982
- Data as of
- 06/2021
- EIN
- 92-0094139
Organization Overview
Fairbanks Concert Association is located in Fairbanks, AK. The organization was established in 1982. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Fairbanks Concert Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairbanks Concert Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Fairbanks Concert Association generated $365.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $187.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (15.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT, PROMOTE, AND SPONSOR ARTISTICALLY AND CULTURALLY DIVERSE PERFORMING ARTS EVENTS AND EDUCATIONAL OPPORTUNITIES OF THE HIGHEST QUALITY FROM STAGES AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER THE PAST YEAR, FCA FOUND WAYS TO BENEFIT THE COMMUNITY THROUGH THE ARTS, ENGAGING IN NUMEROUS ACTIVITIES FALLING INTO PROGRAMMING, PROJECTS, EDUCATION, AND ADMINISTRATION. WHILE WE WERE SHUT DOWN, WE MOVED OUR COMMUNITY ENGAGEMENT PROJECT, FAIRBANKS FLIES, ONLINE. WE HOSTED THE "FCA FANTASY SEASON" A SOCIAL MEDIA TAKEOVER. WE PRESENTED A VIRTUAL SEASON INCLUDED THE WINDSOR SYMPHONY ORCHESTRA'S (WSO) ENTIRE SEASON, AND BODYVOX'S "BLOODYVOX". WE PRODUCED A SERIES OF 20 VIDEOS, #MUSICIANLIFE SERIES, WITH PROFESSIONAL MUSICIANS AND A SIX PART DOCUSERIES WITH JAZZREACH. WE ARE PARTNERING WITH THE UNIVERSITY ALASKA FAIRBANKS AND THE NORTHERN ALASKA ENVIRONMENTAL CENTER FOR AN ART/SCIENCE FESTIVAL FOCUSED ON ARCTIC CLIMATE CHANGE. THE FIRST EVENT IS PLANNED FOR SEPTEMBER 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Biberman Executive Director | Officer | 48 | $81,331 |
Paul Krejci Vice President - Artist Se | OfficerTrustee | 1 | $0 |
Paul Ewers Vice President - Admin | OfficerTrustee | 0.5 | $0 |
Joseph O'connor Treasurer | OfficerTrustee | 0.5 | $0 |
Mike Powers President | OfficerTrustee | 2 | $0 |
Cindy Wentworth Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $210,177 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,581 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $285,758 |
| Total Program Service Revenue | $0 |
| Investment income | $54,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,280 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $365,122 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,040 |
| Compensation of current officers, directors, key employees. | $85,040 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,688 |
| Pension plan accruals and contributions | $3,709 |
| Other employee benefits | $27,872 |
| Payroll taxes | $10,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,500 |
| Advertising and promotion | $504 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,122 |
| Travel | $685 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $281 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,191 |
| All other expenses | -$39,598 |
| Total functional expenses | $187,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,912 |
| Savings and temporary cash investments | $200,073 |
| Pledges and grants receivable | $17,503 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $450 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $987,211 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,243,149 |
| Accounts payable and accrued expenses | $8,415 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $158,415 |
| Net assets without donor restrictions | $1,074,734 |
| Net assets with donor restrictions | $10,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,243,149 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fairbanks Concert Association has recieved totaling $17,643.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,000 |
Fairbanks Arts Association 483 Fairbanks, AK PURPOSE: SUPPORTING THE ARTS | $7,600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle Chamber Music Festival Seattle, WA | $3,300,530 | $1,735,052 |
Washington Music Educators Association Renton, WA | $323,514 | $851,362 |
Seattle Jazzed Seattle, WA | $4,256,285 | $2,089,197 |
Music Center Of The Northwest Inc Seattle, WA | $2,802,841 | $1,300,374 |
Spokane American Youth Hockey Club Inc Spokane, WA | $411,285 | $808,966 |
Earshot Jazz Society Of Seattle Seattle, WA | $1,491,052 | $947,117 |
Acoustic Sound Inc Milton, WA | $517,851 | $803,908 |
Soundview Uniserv Council Lakewood, WA | $662,629 | $619,022 |
Sitka Music Festival Inc Sitka, AK | $4,570,554 | $833,930 |
Pacific Northwest School Of Music Bellevue, WA | $356,935 | $667,760 |
Orcas Island Chamber Music Festival Eastsound, WA | $3,923,887 | $556,003 |
Holy Names Center At Fort Wright Spokane, WA | $316,845 | $514,185 |