Ancsa Regional Association
- Assets
- $641.1k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Anchorage, AK
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 92-0164573
Organization Overview
Ancsa Regional Association is located in Anchorage, AK. The organization was established in 2000. 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. Ancsa Regional Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Ancsa Regional Association generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 20.3% per year over the past 7 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
THE ORGANIZATION IS AN ASSOCIATION OF ALASKA NATIVE REGIONAL CORPORATION CEOS. OUR CORPORATIONS ARE OWNED BY OVER 160,000 ALASKA NATIVE PEOPLE AND WERE FORMED UNDER THE ALASKA NATIVE CLAIMS SETTLEMENT ACT OF 1971 (ANCSA). THE ANCSA REGIONAL ASSOCIATION EXISTS TO PROMOTE AND FOSTER THE CONTINUED GROWTH AND ECONOMIC STRENGTH OF THE ALASKA NATIVE REGIONAL CORPORATIONS ON BEHALF OF THEIR SHAREHOLDERS AND DESCENDANTS. THE BOARD OF DIRECTORS INCLUDES ONE REPRESENTATIVE FROM EACH OF THE 12 ALASKA-BASED NATIVE REGIONAL CORPORATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO PROMOTE AND FOSTER CONTINUED GROWTH AND ECONOMIC STRENGTH OF THE ALASKA NATIVE REGIONAL CORPORATIONS FOR THE BENEFIT OF THEIR ALASKA NATIVE SHAREHOLDERS AND COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Reitmeier President | Officer | 40 | $247,543 |
Gail Schubert Vice Chair | OfficerTrustee | 2 | $0 |
Sophie Minich Treasurer | OfficerTrustee | 2 | $0 |
Shauna Hegna Secretary | OfficerTrustee | 2 | $0 |
Aaron Schutt Chair | OfficerTrustee | 2 | $0 |
Skoey Vergen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,933,011 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,078,011 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| 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 | $2,078,021 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $261,349 |
| Pension plan accruals and contributions | $17,410 |
| Other employee benefits | $12,710 |
| Payroll taxes | $13,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $697,596 |
| Fees for services: Accounting | $12,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $686,904 |
| Advertising and promotion | $2,900 |
| Office expenses | $961 |
| Information technology | $2,712 |
| Royalties | $0 |
| Occupancy | $3,564 |
| Travel | $5,794 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,208 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $671 |
| Insurance | $7,786 |
| All other expenses | $240 |
| Total functional expenses | $1,844,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $614,968 |
| Savings and temporary cash investments | $20,013 |
| 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 | $5,456 |
| Net Land, buildings, and equipment | $616 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $641,053 |
| Accounts payable and accrued expenses | $161,529 |
| 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 | $161,529 |
| Net assets without donor restrictions | $479,524 |
| 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 | $641,053 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Economic Alliance Snohomish County Everett, WA | $2,270,851 | $2,266,401 |