Civic Intelligence

Anchorage Park Foundation

990 • Fiscal year 2016 • EIN 41-2205907

Jan 01, 2016 to Dec 31, 2016 • Filed on May 09, 2017

3201 C ST Suite 110Anchorage, AK 99503

(907) 276-2584

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

52nd percentile

0.11x

Higher debt load relative to assets than 52% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

37th percentile

0.05x

Higher debt load relative to revenue than 37% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

23rd percentile

-9.1%

Higher net margin than 23% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

65th percentile

$92,474

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

8th percentile

-16%

Faster asset growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

11th percentile

-30%

Faster revenue growth than 11% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$961,417

Down $186,132 (-16%) from 2015

Net Assets

Down

$851,984

Down $174,111 (-17%) from 2015

Liabilities

Down

$109,433

Down $12,021 (-9.9%) from 2015

Revenue

Down

$2,017,488

Down $857,014 (-30%) from 2015

Expenses

Down

$2,200,672

Down $585,762 (-21%) from 2015

Net Income

Down

-$183,184

Down $271,252 (-308%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $1,252,977Liabilities 2011: $356,946Net Assets 2011: $896,0312011Assets 2012: $1,584,435Liabilities 2012: $466,421Net Assets 2012: $1,118,0142012Assets 2013: $1,362,010Liabilities 2013: $347,462Net Assets 2013: $1,014,5482013Assets 2014: $1,100,077Liabilities 2014: $137,470Net Assets 2014: $962,6072014Assets 2015: $1,147,549Liabilities 2015: $121,454Net Assets 2015: $1,026,0952015Assets 2016: $961,417Liabilities 2016: $109,433Net Assets 2016: $851,9842016Assets 2017: $1,000,031Liabilities 2017: $205,201Net Assets 2017: $794,8302017Assets 2018: $1,262,485Liabilities 2018: $145,566Net Assets 2018: $1,116,9192018Assets 2019: $1,306,354Liabilities 2019: $83,853Net Assets 2019: $1,222,5012019Assets 2020: $1,791,178Liabilities 2020: $150,199Net Assets 2020: $1,640,9792020Assets 2021: $1,708,680Liabilities 2021: $128,471Net Assets 2021: $1,580,2092021Assets 2022: $1,945,952Liabilities 2022: $258,095Net Assets 2022: $1,687,8572022Assets 2023: $2,617,889Liabilities 2023: $235,951Net Assets 2023: $2,381,9382023Assets 2024: $2,455,411Liabilities 2024: $94,499Net Assets 2024: $2,360,9122024

Highlighted filing

2016

Assets$961,417
Liabilities$109,433
Net Assets$851,984

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,939,8282011Expenses 2012: $2,832,8862012Revenue 2013: $4,629,616Expenses 2013: $4,733,082Net Income 2013: -$103,4662013Revenue 2014: $2,304,946Expenses 2014: $2,356,887Net Income 2014: -$51,9412014Revenue 2015: $2,874,502Expenses 2015: $2,786,434Net Income 2015: $88,0682015Revenue 2016: $2,017,488Expenses 2016: $2,200,672Net Income 2016: -$183,1842016Revenue 2017: $1,529,695Expenses 2017: $1,611,097Net Income 2017: -$81,4022017Revenue 2018: $1,761,921Expenses 2018: $1,404,086Net Income 2018: $357,8352018Revenue 2019: $1,658,623Expenses 2019: $1,582,376Net Income 2019: $76,2472019Revenue 2020: $1,771,024Expenses 2020: $1,463,472Net Income 2020: $307,5522020Revenue 2021: $1,798,936Expenses 2021: $1,814,143Net Income 2021: -$15,2072021Revenue 2022: $1,853,399Expenses 2022: $1,652,526Net Income 2022: $200,8732022Revenue 2023: $2,636,201Expenses 2023: $1,978,308Net Income 2023: $657,8932023Revenue 2024: $2,212,819Expenses 2024: $2,269,447Net Income 2024: -$56,6282024

Highlighted filing

2016

Revenue$2,017,488
Expenses$2,200,672
Net Income-$183,184
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 9, 2017
Return Version
2016v3.1
Gross Receipts
$2,017,488
Mission and Program Overview

Mission

The anchorage park foundation builds healthy parks & healthy people by mobilizing public support and financial resources for anchorage parks, trails, and recreation opportunities.

The anchorage park foundation builds hea- lthy parks & healthy people by mobilizing public support & financial resources for anchorage parks, trails & recreation opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$715,886$651,965▼ $63,921
Investments in Publicly Traded Securities$206,931$222,115▲ $15,184
Pledges and Grants Receivable$217,777$81,526▼ $136,251
Prepaid Expenses and Deferred Charges$6,955$5,811▼ $1,144
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,147,549$961,417▼ $186,132
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$73,143$89,176▲ $16,033
Deferred Revenue$48,311$20,257▼ $28,054
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$121,454$109,433▼ $12,021
Net Assets / Fund Balance
Unrestricted Net Assets$771,631$691,472▼ $80,159
Temporarily Rstr Net Assets$253,942$85,534▼ $168,408
Permanently Rstr Net Assets$522$74,978▲ $74,456
Total Net Assets Fund Balance$1,026,095$851,984▼ $174,111
Total Liabilities and Net Assets / Fund Balance$1,147,549$961,417▼ $186,132

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$206,931$1,400▲ $13,784-$222,115
2015$318$223,056▼ $16,443-$206,931
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Beth NordlundExecutive DirectorFT$92,474$92,474

Board Members and Trustees

NameTitle
Joelle HallBoard Chair
Shane BairdBoard Treasurer
Anne Marie Rembert SafranekDirector
Bill BittnerDirector
David WrightDirector
Eleanor AndrewsDirector
Ernie HallDirector
John GilvaDirector
MIKE O'CONNORDirector
Petra WilmDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,011,446
Program Service Revenue
$0
Investment Income
$4,711
Other Revenue
$1,331
All Other Contributions
$1,378,207
Change in Net Assets
$-183,184

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table10$147,943Fair Market Value (FMV)
Total Noncash Contributions10$147,943-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,017,488
Revenue Not Reported on Form 990
$9,073
Total Revenue per Audited Statements
$2,026,561
Total Revenue per Form 990
$2,017,488
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,874,954
Salaries, Compensation, and Employee Benefits$325,718
Total Fundraising Expense$50,350
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$67,585$106,862$18,140$192,587
Current Officers, Directors, Trustees, and Key Employees$0$74,705$17,769$92,474
Advertising$37,947$7,660$10,015$55,622
Fees for Services Accounting-$42,407$3,518$45,925
Office Expenses$81$28,226$436$28,743
Payroll Taxes$5,917$17,305-$23,222
Other Employee Benefits$155$12,788-$12,943
Insurance-$6,831-$6,831
Pension Plan Contributions-$4,492-$4,492
All Other Expenses$2,849$1,286-$4,135
Other Expenses$59,511$2,933$250$3,183
Payment Travel Entrtnmnt Publicly Ofcl-$53-$53
Total Functional Expenses$1,899,451$250,871$50,350$2,200,672

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,200,672
Total Expenses per Audited Statements$2,200,672
Total Expenses per Form 990$2,200,672
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11:

The executive director, accounting/program assistant, accountant, and board chair reviewed the completed from 990 before it is filed, and a copy has been provided to the governing body.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its governing documents, conflict of interest policy and financial statements available to the public by request.

Filing and Contact Details

Filer

Filer Name
Anchorage Park Foundation
EIN
41-2205907
In Care Of
% CHRIS HERBERGER
Phone
9072762584
Address
3201 C ST Suite 110, ANCHORAGE, AK 99503

Signing Officer

Name
Beth Nordlund
Title
Executive Director
Phone
9072762584
Signed
2017-05-09

Organization Details

Principal Officer
Beth Nordlund
Formed
2005
Legal Domicile
Ak
Voting Board Members
11
Independent Board Members
11
Employees
7
Volunteers
100

Preparer

Firm
Bdo USA Llp
Address
3601 C STREET STE 600, ANCHORAGE, AK 99503
Preparer
Key E Getty CPA
Phone
9072788878
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 4A:

The Anchorage Park Foundation facilitates park improvements driven by neighborhood, funder, volunteer and park-user group initiative. Our core programs include: - Community Challenge Grants We leverage private funding and award challenge grants for municipal park and trail improvements. Challenge grants show true neighbor power by engaging passionate groups to participate in improving parks and trails, which increases community stewardship. Projects receive a one-to-one cash grant match for grantee-coordinated volunteer labor, in kind donations and funds raised. - Neighborhood Parks We partner with the Parks & Recreation Department and community members for Park Fix-Its in neighborhood parks. Parks are selected for improvements based on information collected through Park Report Cards filled out by community volunteers. Each summer several parks are identified for Neighborhood Fix-Its, Saturday mornings that neighbors, community volunteers, staff and local contractors work together to revitalize parks. From replacing trash cans and play equipment to restoring landscaping and removing graffiti, we give parks a lasting new life. - Youth Employment in Parks Youth Employment in Parks positively engages a new generation of diverse young leaders aged 16-19 as conservation stewards of public lands and of the Anchorage community through meaningful job training, employment and education. YEP is a 10-week summer program that hires Anchorage teens to complete park improvement projects. Teens learn natural resource management job skills by building trails and restoring stream banks while engaging in education that increases civic engagement, environmental awareness, and leadership skills. - Inclusive Play We believe that no child should have to sit on the sidelines and watch their peers play. Leveraging the public-private partnership through Inclusive Play, we create outdoor spaces where children and adults of all abilities can play together. We work with the community to plan and develop even more inclusive playgrounds in Anchorage. - Schools on Trails Schools on Trails connects students to the world outside their classroom by raising awareness of trails, parks, and streams and natural habitats near Anchorage schools. These nearby public greenspaces encourage outdoor educational opportunities. We work with school district teachers, staff and students in creation, planning and implementation of improvement projects like outdoor education learning labs or safe routes to school. - Health on Trails We organize community groups and lead local initiatives and programming for public wellness and health, including Park Prescriptions, Walks with a Doc, and community wellness and fitness maps. - Anchorage Trails Initiative We are the community lead for Anchorages Live.Work.Play. community improvement efforts toward trails, implementing connections, facilities, safety and wayfinding improvements to Anchorages 250+ miles of maintained municipal trails.

Financial Statement Notes

FORM 990, SCHEDULE D, PART V, LINE 4:

In January 2015, the Foundation transferred $223,056 to the Alaska Community Foundation (ACF) and specified itself as beneficiary of the funds. Annually, distributions from the funds are paid in accordance with ACFs distribution policy. ACF maintains variance power over these assets. Variance power assures donors that if the charitable purpose of their contribution becomes impractical, impossible, or inconsistent with the charitable needs of the community served the distribution will be directed to similar purposes in the community. Despite the variance power, the Foundation believes ACF will continue to make annual distributions to the Foundation. The purpose of the Fund is to supplement future program cost.

FORM 990, SCHEDULE D, PART X, LINE 2:

The Foundation is a non-profit corporation exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. The Foundation applies the provisions of Topic 740 of the FASB Accounting Standards Codification relating to accounting for uncertainty in income taxes. The Foundation annually reviews its tax positions taken in accordance with the recognition standards. The Foundation believes that it has no uncertain tax positions which would require disclosure or adjustment in these financial statements. Accordingly, no provision for income taxes has been made.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.46$0.09$2.36$2.21$2.27$0.06
2023Summary only. Only limited summary data is available for this year.$2.62$0.24$2.38$2.64$1.98$0.66
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$0.26$1.69$1.85$1.65$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$0.13$1.58$1.80$1.81$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.79$0.15$1.64$1.77$1.46$0.31
2019Summary only. Only limited summary data is available for this year.$1.31$0.08$1.22$1.66$1.58$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$0.15$1.12$1.76$1.40$0.36
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.21$0.79$1.53$1.61$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.96$0.11$0.85$2.02$2.20$0.18
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.12$1.03$2.87$2.79$0.09
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.14$0.96$2.30$2.36$0.05
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.35$1.01$4.63$4.73$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.47$1.12$2.83
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.36$0.90$2.94