Alaska Committee Inc 05-19-95
- Assets
- $287.4k
- Revenue
- $391.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Juneau, AK
- Founding
- 01/1997
- Data as of
- 06/2021
- EIN
- 92-0156873
Organization Overview
Alaska Committee Inc 05-19-95 is located in Juneau, AK. The organization was established in 1997. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Committee Inc 05-19-95 is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2021, Alaska Committee Inc 05-19-95 generated $391.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $338.7k during the year ending 06/2021. While expenses have increased by 16.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
DEDICATED TO MAKING STATE GOVERNMENT WORK BETTER FOR ALL ALASKANS BY IMPROVING AND ENHANCING JUNEAU AS ALASKAS CAPITAL CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING IMPROVED STATEWIDE COMMUNICATIONS AND ACCESS TO ENHANCE JUNEAU AS ALASKAS BEST CAPITAL CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Win Gruening Board Secret | OfficerTrustee | 1 | $0 |
Rosemary Hagevig Board Vice P | OfficerTrustee | 1 | $0 |
Wayne Jensen Board Presid | OfficerTrustee | 1 | $0 |
Connie Hulbert Board Treasu | OfficerTrustee | 1 | $0 |
Brian Holst Board Member | Trustee | 1 | $0 |
Jesse Kiehl Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $388,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,626 |
| Noncash contributions included in lines 1a–1f | $575 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391,626 |
| Total Program Service Revenue | $0 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $391,646 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $294,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $565 |
| Office expenses | $193 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,474 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,461 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $338,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,864 |
| Savings and temporary cash investments | $201,116 |
| Pledges and grants receivable | $0 |
| 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 | $1,399 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $287,379 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $12,000 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,000 |
| Net assets without donor restrictions | $272,590 |
| Net assets with donor restrictions | $2,789 |
| 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 | $287,379 |
Grants Awarded
Over the last fiscal year, Alaska Committee Inc 05-19-95 has awarded $294,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YC RIVERGOLD HOTEL LLC PURPOSE: HOUSING-LEGISLATORS | $288,000 |
Juneau, AK PURPOSE: GAVEL ALASKA SUPPORT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton Sound Economic Development Corporation Anchorage, AK | $393,228,467 | $59,416,266 |
Bristol Bay Economic Development Corporation Dillingham, AK | $306,219,768 | $32,445,568 |
Juneau Economic Development Council Juneau, AK | $7,391,243 | $19,704,575 |
Alaska Cabaret Hotel Restaurant & Retailers Association Anchorage, AK | $1,951,463 | $11,915,981 |
Spokane Area Workforce Development Council Spokane, WA | $1,735,015 | $9,993,306 |
South Central Workforce Development Council Union Gap, WA | $4,276,195 | $7,715,275 |
Visit Spokane Spokane, WA | $4,256,594 | $5,130,887 |
Spruce Root Inc Juneau, AK | $2,965,503 | $3,464,933 |
Angels For Angels Seattle, WA | $2,495,465 | $5,448,539 |
Koyuk Native Store Koyuk, AK | $1,287,215 | $2,898,870 |
Greater Seattle Partners Seattle, WA | $2,408,899 | $964,300 |
The Alliance For Pioneer Square Seattle, WA | $803,516 | $2,179,538 |