Civic Intelligence

Anchorage Chamber of Commerce Inc

EIN 92-0010298 • 501(c)6 • Anchorage, AK

Profile

To advance a successful business climate by attending to the civic, economic and cultural betterment of our community. We achieve this through three channels: advocacy, connectivity, and education.

1016 W Sixth Avenue No 303Anchorage, AK 99501

www.anchoragechamber.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.57x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

0.79x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

18th percentile

-6.8%

Higher net margin than 18% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

48th percentile

$134,012

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

92nd percentile

36%

Faster asset growth than 92% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

5.1%

Faster revenue growth than 49% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$1,431,316

Up $376,443 (+36%) from 2023

Liabilities

Up

$819,565

Up $378,326 (+86%) from 2023

Net Assets

Down

$611,751

Down $1,883 (-0.3%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin18th percentile

Revenue

Up

$1,036,712

Up $49,967 (+5.1%) from 2023

Expenses

Up

$1,107,563

Up $50,029 (+4.7%) from 2023

Net Income

Down

-$70,851

Down $62 (-0.1%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth92nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,019,608Liabilities 2011: $540,863Net Assets 2011: $478,7452011Assets 2012: $1,125,132Liabilities 2012: $556,369Net Assets 2012: $568,7632012Assets 2013: $1,142,431Liabilities 2013: $562,821Net Assets 2013: $579,6102013Assets 2015: $1,252,058Liabilities 2015: $569,782Net Assets 2015: $682,2762015Assets 2016: $1,160,541Liabilities 2016: $519,092Net Assets 2016: $641,4492016Assets 2017: $1,164,221Liabilities 2017: $492,419Net Assets 2017: $671,8022017Assets 2018: $1,138,638Liabilities 2018: $461,244Net Assets 2018: $677,3942018Assets 2019: $1,067,688Liabilities 2019: $416,501Net Assets 2019: $651,1872019Assets 2020: $1,145,513Liabilities 2020: $393,195Net Assets 2020: $752,3182020Assets 2021: $1,531,932Liabilities 2021: $724,134Net Assets 2021: $807,7982021Assets 2022: $1,172,085Liabilities 2022: $489,446Net Assets 2022: $682,6392022Assets 2023: $1,054,873Liabilities 2023: $441,239Net Assets 2023: $613,6342023Assets 2024: $1,431,316Liabilities 2024: $819,565Net Assets 2024: $611,7512024

Highlighted filing

2024

Assets$1,431,316
Liabilities$819,565
Net Assets$611,751
Open 2024 Filing

Operations Trend

Revenue Growth49th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $900,7872011Expenses 2012: $909,4052012Revenue 2013: $1,017,014Expenses 2013: $1,008,613Net Income 2013: $8,4012013Revenue 2015: $1,140,346Expenses 2015: $1,115,394Net Income 2015: $24,9522015Revenue 2016: $953,716Expenses 2016: $1,013,757Net Income 2016: -$60,0412016Revenue 2017: $960,973Expenses 2017: $955,540Net Income 2017: $5,4332017Revenue 2018: $1,076,837Expenses 2018: $992,651Net Income 2018: $84,1862018Revenue 2019: $952,487Expenses 2019: $973,963Net Income 2019: -$21,4762019Revenue 2020: $803,836Expenses 2020: $786,089Net Income 2020: $17,7472020Revenue 2021: $753,130Expenses 2021: $787,993Net Income 2021: -$34,8632021Revenue 2022: $989,111Expenses 2022: $945,552Net Income 2022: $43,5592022Revenue 2023: $986,745Expenses 2023: $1,057,534Net Income 2023: -$70,7892023Revenue 2024: $1,036,712Expenses 2024: $1,107,563Net Income 2024: -$70,8512024

Highlighted filing

2024

Revenue$1,036,712
Expenses$1,107,563
Net Income-$70,851
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,431,316
Liabilities
$819,565
Net assets
$611,751
Revenue
$1,036,712
Expenses
$1,107,563
Net income
-$70,851
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.43$0.82$0.61$1.04$1.11$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.05$0.44$0.61$0.99$1.06$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.17$0.49$0.68$0.99$0.95$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.53$0.72$0.81$0.75$0.79$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.15$0.39$0.75$0.80$0.79$0.02
2019Summary only. Only limited summary data is available for this year.$1.07$0.42$0.65$0.95$0.97$0.02
2018Summary only. Only limited summary data is available for this year.$1.14$0.46$0.68$1.08$0.99$0.08
2017Summary only. Only limited summary data is available for this year.$1.16$0.49$0.67$0.96$0.96$0.01
2016Summary only. Only limited summary data is available for this year.$1.16$0.52$0.64$0.95$1.01$0.06
2015Summary only. Only limited summary data is available for this year.$1.25$0.57$0.68$1.14$1.12$0.02
2013Summary only. Only limited summary data is available for this year.$1.14$0.56$0.58$1.02$1.01$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.56$0.57$0.91
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.54$0.48$0.90
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Apr 19, 2025
Return Version
2023v6.0
Gross Receipts
$1,204,667
Mission and Program Overview

Mission

To advance a successful business climate by attending to the civic, economic and cultural betterment of our community. We achieve this through three channels: advocacy, connectivity, and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$793,572$862,535▲ $68,963
Cash and Non-Interest-Bearing Accounts$179,650$76,396▼ $103,254
Savings and Temporary Cash Investments$37,251$40,432▲ $3,181
Prepaid Expenses and Deferred Charges$36,200$38,594▲ $2,394
Land, Buildings, and Equipment, Net$5,631$1,753▼ $3,878
Accounts Receivable$0$30▲ $30
Total Assets$1,054,873$1,431,316▲ $376,443
Other Assets Total$2,569$411,576▲ $409,007
Liabilities
Other Liabilities$2,686$411,979▲ $409,293
Deferred Revenue$411,597$374,426▼ $37,171
Accounts Payable and Accrued Expenses$26,956$33,160▲ $6,204
Total Liabilities$441,239$819,565▲ $378,326
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$613,634$611,751▼ $1,883
Total Net Assets Fund Balance$613,634$611,751▼ $1,883
Total Liabilities and Net Assets / Fund Balance$1,054,873$1,431,316▲ $376,443

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,046$151,922$152,968
Equipment$707$37,476$38,183
Buildings$0$5,000$5,000
Other Assets Org$411,576--
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bruce BustamantePresident - Resigned SeptemberFT$119,415$14,597$134,012
Kathleen McardlePresident - CurrentFT$31,250-$31,250

Board Members and Trustees

NameTitle
Dan NewmanChair
Danicia ShiryayevVice Chair
Caroline SchultzAppointed Member
Ed HendricksonAppointed Member
Ethan TylerAppointed Member
Gwen WelchAppointed Member
Jennifer OpsutAppointed Member
Katie MallardAppointed Member
Lisa BoothAppointed Member
Michelle MaddoxAppointed Member
Sarah SkeelAppointed Member
Sean JordanAppointed Member
Vic AngocoAppointed Member
David HannonElected Member
Dianne BlumerElected Member
Emily StewartElected Member
Gary ScottElected Member
Jin ChenElected Member
Laura DeanElected Member
Leah BoltzElected Member
Nancy JohnsonElected Member
Neil GunnElected Member
Ryann SwallingElected Member
Sheron PatrickElected Member
Tana Skye NevadaElected Member
Barbara AmySecretary-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$666,767
Program Service Revenue
$327,585
Investment Income
$36,930
Other Revenue
$5,430
All Other Contributions
$319,169
Change in Net Assets
$-70,851
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$653,966
Salaries, Compensation, and Employee Benefits$453,597
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$360,566
Other Salaries and Wages---$242,215
Current Officers, Directors, Trustees, and Key Employees---$134,536
Occupancy---$76,713
Office Expenses---$56,527
Fees for Services Other---$51,322
Other Employee Benefits---$41,100
Fees for Services Accounting---$32,056
Payroll Taxes---$31,687
Information Technology---$25,162
Fees for Service Investment Mgmnt Fees---$12,994
Other Expenses---$12,897
Depreciation Depletion---$12,005
Insurance---$11,312
Pension Plan Contributions---$4,059
Advertising---$2,412
Total Functional Expenses$0$0$0$1,107,563
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use - Leases$411,979
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
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 A, Line 6

“We are a membership organization that serves for the benefit of our members.”

Form 990, Part VI, Section A, Line 7A

“Our board elections are held each year in july, and the members that are eligible to vote (all except for non-profit and associate level) vote to elect usually three to five members of the board for three-year terms. The number elected each year varies based upon when each director's term is over. These members join the ranks of "elected" board members. In essence, the voting membership is controlling who they want on the board by their votes. The chairman of the board is elected each year by the elected board members. As a result, the chairman's seat on the board is also controlled by the voting membership of the organization.”

Form 990, Part VI, Section B, Line 11B

“The 990 will be reviewed by the finance committee and the executive committee, as well as reported to the board of directors.”

Form 990, Part VI, Section B, Line 12

“Conflict of interests are required to be self-reported on an annual basis. Any issues are brought before the board and reviewed.”

Form 990, Part VI, Section B, Line 15A

“The chair has direct and immediate supervisory responsibility over the president on behalf of the board and makes a written report available to the executive committee evaluating the performance of the president in that office during the year and makes recommendations, if any, which the chair considers appropriate in light of that evaluation.”

Form 990, Part VI, Section C, Line 19

“Organization documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Anchorage Chamber of Commerce Inc
EIN
92-0010298
Phone
9072722401
Address
1016 W SIXTH AVENUE NO 303, ANCHORAGE, AK 99501

Signing Officer

Name
Kathleen Mcardle
Title
President
Phone
9072722401
Signed
2025-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Mcardle
Formed
1947
Legal Domicile
Ak
Voting Board Members
26
Independent Board Members
26
Employees
7
Volunteers
100

Preparer

Firm
Thomas Head & Greisen Pc
Address
1400 WEST BENSON BLVD 400, ANCHORAGE, AK 99503-3683
Preparer
Cindy L Hulquist CPA
Phone
9072721571
Raw XML AppendixShowing 400 of 505 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt24APPOINTED MEMBER
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IRS990/MissionDesc0TO ADVANCE A SUCCESSFUL BUSINESS CLIMATE BY ATTENDING TO THE CIVIC, ECONOMIC AND CULTURAL BETTERMENT OF OUR COMMUNITY. WE ACHIEVE THIS THROUGH THREE CHANNELS: ADVOCACY, CONNECTIVITY, AND EDUCATION.
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IRS990/ProgSrvcAccomActy2Grp/Desc0MEMBERSHIP SERVICES: MEMBERS ARE THE HOW AND THE WHY OF OUR MISSION. THE BENEFITS OF MEMBERSHIP ARE VAST AND INCLUDE; ADVOCACY - MEMBER UPDATES OF STATE, REGIONAL, AND LOCAL ISSUES AND DIRECT IMPACTS TO POLICY AND LEGISLATION; CONNECTIVITY - NETWORKING EVENTS, REFERRALS, ADVERTISING, SPOTLIGHTS, AND CREDIBILITY; EDUCATION - PROFESSIONALLY RELEVANT CONTENT-DRIVEN EVENTS COVERING A VARIETY OF TOPICS OFFERED MULTIPLE TIMES WEEKLY. MEMBERSHIP BENEFITS ARE REALIZED PASSIVELY THROUGH ADVOCACY, ECONOMIC IMPACT AND ADVERTISING, AS WELL AS THROUGH ACTIVE ENGAGEMENT.
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMITTEES: MULTIPLE VENUES FOR RECOGNITION IN BUSINESS AND COMMUNITY INVOLVEMENT. GOLD PAN AWARDS, SINCE 1957 ANCHORAGE'S NO. 1 PREMIER BUSINESS RECOGNITION EVENT, AWARDED TO THOSE THAT HAVE SHOWN BUSINESS AND ENTREPRENEURIAL EXCELLENCE WITH A LOYAL COMMITMENT TO ANCHORAGE THROUGH COMMUNITY SERVICE. ANCHORAGE ATHENA SOCIETY IS A PROGRAM THAT WORKS YEAR ROUND TO ENCOURAGE THE POTENTIAL OF ALL WOMEN AS LEADERS OF THE BUSINESS COMMUNITY. SINCE 1995 THE SOCIETY HAS NEARLY 400 INDUCTEES WITH APPROXIMATELY 500 GUESTS ATTENDING THE ANNUAL INDUCTION LUNCHEON. THE ANCHORAGE YOUNG PROFESSIONALS (YP) GROUP FOUNDED IN 2014 IS THE LARGEST YP GROUP IN ALASKA, WITH OVER 400 ENGAGED MEMBERS. MEETINGS, SOCIAL, AND SERVICE CONTENT FOR ALL LEVELS OF EMPLOYEES AND PROFESSIONALS ACROSS ALL INDUSTRIES. THE ANNUAL YP SUMMIT, ALASKA'S LARGEST, BRINGS 200+ ATTENDEES TOGETHER FOR 2 DAYS OF IMMERSIVE SESSIONS PRESENTED BY LOCAL LEADERS SHARING KNOWLEDGE TO ELEVATE THE RISING GENERATION.
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