Anchorage Concert Association Inc
- Assets
- $10.3m
- Revenue
- $2.2m
- Investments
- $6.3m
- Employees
- 34
- Location
- Anchorage, AK
- Founding
- 09/1965
- Data as of
- 06/2021
- EIN
- 92-6002302
Organization Overview
Anchorage Concert Association Inc is located in Anchorage, AK. The organization was established in 1965. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Anchorage Concert Association Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anchorage Concert Association Inc 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 Association Inc generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $613.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (24.6%) per year over the past 7 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
OUR MISSION IS TO INSPIRE AND ENHANCE THE COMMUNITY THROUGH THE PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION AND PRODUCTION OF PERFORMING ARTS PRESENTATIONS AND THE GENERATION OF REVENUES FROM TICKET SALES. ENHANCES THE ARTISTIC AND CULTURAL ENVIRONMENT OF ANCHORAGE AND ALASKA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Hodges Executive Director | Officer | 40 | $137,746 |
Ann Hale Chair | OfficerTrustee | 4.5 | $0 |
Louis Ulmer Vice Chair/treasurer | OfficerTrustee | 3 | $0 |
Cameron Barrows Secretary | OfficerTrustee | 1.5 | $0 |
Rayette Sterling Director | Trustee | 1.5 | $0 |
Claudia Russell Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cirque Dreams Holdings Llc Live Performance | 6/29/20 | $279,998 |
Plan B Entertainment Live Performance | 6/29/20 | $800,000 |
Kratt Brothers Live Performance | 6/29/20 | $136,314 |
Ballet West Live Performance | 6/29/20 | $240,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $855,909 |
| Investment income | $19,002 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $48,425 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,181,399 |
| Statement of Expenses | |
|---|---|
| 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. | $145,585 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,529 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,299 |
| Payroll taxes | $21,725 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,740 |
| Advertising and promotion | $15,121 |
| Office expenses | $39,570 |
| Information technology | $438 |
| Royalties | $0 |
| Occupancy | $54,075 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,434 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $927 |
| Insurance | $10,350 |
| All other expenses | $0 |
| Total functional expenses | $613,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,723 |
| Savings and temporary cash investments | $873,946 |
| Pledges and grants receivable | $19,675 |
| Accounts receivable, net | $36,290 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,877 |
| Prepaid expenses and deferred charges | $20,112 |
| Investments—publicly traded securities | $3,055,689 |
| Investments—other securities | $6,263,266 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,272,978 |
| Accounts payable and accrued expenses | $54,875 |
| Grants payable | $0 |
| Deferred revenue | $303,275 |
| 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 | $80,895 |
| Total liabilities | $439,045 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $9,833,933 |