Anchorage Concert Foundation
- Assets
- $6.3m
- Revenue
- $305.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 03/1998
- Data as of
- 06/2021
- EIN
- 92-0161542
Organization Overview
Anchorage Concert Foundation is located in Anchorage, AK. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anchorage Concert Foundation 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, Anchorage Concert Foundation generated $305.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $259.5k during the year ending 06/2021. While expenses have increased by 2.4% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED THE ANCHORAGE CONCERT ASSOCIATION, INC. IN DELIVERING THE FINE PERFORMING ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Kesler Secretary | OfficerTrustee | 0.5 | $0 |
Annie Rittal President | OfficerTrustee | 0.5 | $0 |
Cameron Barrows Vice President | OfficerTrustee | 0.5 | $0 |
Alyssa Mitchell Treasurer | OfficerTrustee | 0.5 | $0 |
Jason Hodges Aca - Executive Director | Officer | 0.5 | $0 |
Louis Ulmer Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $76,304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $229,023 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $305,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $240,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,748 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,756 |
| All other expenses | $0 |
| Total functional expenses | $259,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,462 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,240,804 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,263,266 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $6,263,266 |
| Net assets with donor restrictions | $0 |
| 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 | $6,263,266 |
Endowment Analysis
| Beg. Balance | $5,005,495 |
| Earnings | $1,517,290 |
| Admin Expense | $19,519 |
| Other Expense | $240,000 |
| Ending Balance | $6,263,266 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Artsfund Foundation Seattle, WA | $32,553,145 | $1,472,883 |
Ferry Family Charitable Foundation Seattle, WA | $12,576,317 | $2,012,520 |
Anchorage Concert Foundation Anchorage, AK | $6,263,266 | $305,327 |
Seattle Childrens Theatre Foundation Seattle, WA | $4,485,050 | $87,884 |
Sunnyside Christian Thrift Shop Sunnyside, WA | $194,161 | $259,830 |
Behnke Foundation Seattle, WA | $2,205,309 | $217,715 |
Mano A Mano Prescott, WA | $1,263,895 | $144,072 |
Bruce W Gilpin Memorial Foundation University Place, WA | $1,780,698 | $97,085 |
Tom And Ingeborg Nesset Foundation Acme, WA | $2,660,476 | $77,968 |
Peter Rooney Wrangell Community Foundation Wrangell, AK | $193,887 | $10,511 |
Vashon Island Coffee Foundation Vashon Island, WA | $272,120 | $6,092 |