Anchorage Concert Association Inc
- Assets
- $10.3m
- Revenue
- $2.2m
- Investments
- $6.3m
- Employees
- 51
- 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 06/2021, Anchorage Concert Association Inc employed 51 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 6 years, the organization has seen revenues fall by an average of (12.1%) 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 (28.0%) 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
SEE SCHEDULE O
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Hodges Executive Director | Officer | 40 | $151,438 |
Ann Hale Chair | OfficerTrustee | 4.5 | $0 |
Cameron Barrows Secretary | OfficerTrustee | 1.5 | $0 |
Louis Ulmer Vice Chair/treasurer | OfficerTrustee | 3 | $0 |
Jayson Owens Director | Trustee | 0.5 | $0 |
Rayette Sterling Director | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ballet West Live Performance | 6/29/20 | $240,000 |
Plan B Entertainment Live Performance | 6/29/20 | $800,000 |
Cirque Dreams Holdings Llc Live Performance | 6/29/20 | $279,998 |
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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $240,000 |
| Government grants | $372,603 |
| All other contributions, gifts, grants, and similar amounts not included above | $243,306 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $855,909 |
| Total Program Service Revenue | $0 |
| 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 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. | $145,585 |
| 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 |
| Net Land, buildings, and equipment | $400 |
| 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 | $3,570,667 |
| Net assets with donor restrictions | $6,263,266 |
| 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 | $10,272,978 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Anchorage Concert Association Inc has recieved totaling $91,703.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $51,455 |
Atwood Foundation Incorporated Anchorage, AK PURPOSE: SUMMER CONCERT SERIES AND COMMUNITY ARTIST PROJECTS | $25,000 |
M E Webber Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Rasmuson Foundation Anchorage, AK PURPOSE: GENERAL SUPPORT | $5,200 |
Baird Foundation Inc Milwaukee, WI PURPOSE: ARTS | $48 |
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 |
|---|---|---|
Seattle Theatre Group Seattle, WA | $54,057,952 | $15,388,598 |
B H Music Center Seattle, WA | $60,522,561 | $1,629,830 |
Mount Baker Theatre Bellingham, WA | $11,335,645 | $5,704,863 |
Alaska Center For The Performing Arts Inc Anchorage, AK | $5,252,676 | $3,325,107 |
Admiral Theatre Foundation Bremerton, WA | $5,326,059 | $2,302,492 |
Capitol Theatre Committee Yakima, WA | $2,272,449 | $2,350,736 |
Washington Center For The Performing Arts Olympia, WA | $3,938,920 | $2,618,555 |
Kirkland Performance Center Kirkland, WA | $3,676,531 | $2,361,159 |
Orcas Center Eastsound, WA | $2,660,540 | $923,960 |
Port Angeles Waterfront Center Port Angeles, WA | $42,802,752 | $3,947,950 |
Anchorage Concert Association Inc Anchorage, AK | $10,272,978 | $2,181,399 |
Columbia Theatre Association For The Performing Arts Longview, WA | $766,997 | $554,312 |