Civic Intelligence

Assets Incorporated

990 • Fiscal year 2020 • EIN 92-0076696

Jul 01, 2019 to Jun 30, 2020 • Filed on May 14, 2021

Organization Profilewww.assetsinc.org

View Organization Page

2330 Nichols StAnchorage, AK 99508

(907) 334-8622

Siviq Scores

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

Liabilities / Assets

51st percentile

0.23x

Higher debt load relative to assets than 51% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

41st percentile

0.21x

Higher debt load relative to revenue than 41% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

20th percentile

-8.7%

Higher net margin than 20% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

40th percentile

$148,113

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

43rd percentile

4.6%

Faster asset growth than 43% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

25th percentile

-12%

Faster revenue growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$13,411,219

Up $590,384 (+4.6%) from 2019

Net Assets

Down

$10,280,379

Down $1,216,682 (-11%) from 2019

Liabilities

Up

$3,130,840

Up $1,807,066 (+137%) from 2019

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin20th percentile

Revenue

Down

$14,714,298

Down $2,097,037 (-12%) from 2019

Expenses

Up

$15,992,996

Up $317,851 (+2.0%) from 2019

Net Income

Down

-$1,278,698

Down $2,414,888 (-213%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $10,127,719Liabilities 2010: $1,120,206Net Assets 2010: $9,007,5132010Assets 2011: $10,848,747Liabilities 2011: $1,110,534Net Assets 2011: $9,738,2132011Assets 2012: $11,587,625Liabilities 2012: $1,036,375Net Assets 2012: $10,551,2502012Assets 2013: $12,415,312Liabilities 2013: $1,284,694Net Assets 2013: $11,130,6182013Assets 2014: $13,368,689Liabilities 2014: $1,318,824Net Assets 2014: $12,049,8652014Assets 2015: $13,575,617Liabilities 2015: $1,419,596Net Assets 2015: $12,156,0212015Assets 2016: $13,387,735Liabilities 2016: $1,909,365Net Assets 2016: $11,478,3702016Assets 2017: $12,888,690Liabilities 2017: $1,140,731Net Assets 2017: $11,747,9592017Assets 2018: $13,782,686Liabilities 2018: $3,560,570Net Assets 2018: $10,222,1162018Assets 2019: $12,820,835Liabilities 2019: $1,323,774Net Assets 2019: $11,497,0612019Assets 2020: $13,411,219Liabilities 2020: $3,130,840Net Assets 2020: $10,280,3792020Assets 2021: $18,256,017Liabilities 2021: $6,290,859Net Assets 2021: $11,965,1582021Assets 2022: $12,175,098Liabilities 2022: $31,269Net Assets 2022: $12,143,8292022Assets 2023: $12,418,078Liabilities 2023: $113,016Net Assets 2023: $12,305,0622023Assets 2024: $10,762,526Liabilities 2024: $1,795,089Net Assets 2024: $8,967,4372024Assets 2025: $9,353,254Liabilities 2025: $1,359,223Net Assets 2025: $7,994,0312025

Highlighted filing

2020

Assets$13,411,219
Liabilities$3,130,840
Net Assets$10,280,379
Open 2020 Filing

Operations Trend

Revenue Growth25th percentile

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

$20M$10M$0-$10MExpenses 2010: $15,711,0502010Expenses 2011: $16,740,6612011Expenses 2012: $16,223,2342012Expenses 2013: $16,821,6102013Revenue 2014: $18,288,568Expenses 2014: $17,482,072Net Income 2014: $806,4962014Revenue 2015: $18,920,714Expenses 2015: $18,636,562Net Income 2015: $284,1522015Revenue 2016: $18,347,972Expenses 2016: $18,940,996Net Income 2016: -$593,0242016Revenue 2017: $18,378,071Expenses 2017: $18,108,482Net Income 2017: $269,5892017Revenue 2018: $15,836,970Expenses 2018: $16,562,813Net Income 2018: -$725,8432018Revenue 2019: $16,811,335Expenses 2019: $15,675,145Net Income 2019: $1,136,1902019Revenue 2020: $14,714,298Expenses 2020: $15,992,996Net Income 2020: -$1,278,6982020Revenue 2021: $16,116,632Expenses 2021: $14,845,633Net Income 2021: $1,270,9992021Revenue 2022: $14,279,627Expenses 2022: $14,372,015Net Income 2022: -$92,3882022Revenue 2023: $14,025,803Expenses 2023: $13,835,202Net Income 2023: $190,6012023Revenue 2024: $13,596,141Expenses 2024: $14,896,262Net Income 2024: -$1,300,1212024Revenue 2025: $14,504,489Expenses 2025: $15,465,397Net Income 2025: -$960,9082025

Highlighted filing

2020

Revenue$14,714,298
Expenses$15,992,996
Net Income-$1,278,698
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 14, 2021
Return Version
2019v5.0
Gross Receipts
$14,714,298
Mission and Program Overview

Mission

Assets, Inc. (the Organization) is a not-for-profit corporation organized for the purpose of providing services that promote the independence of Anchorage area individuals who, due to the nature and severity of their disabilities, need support to live and work in the community. The company provides vocational training, supported living, and employment services conductive to this purpose, including assessment, community employment, and ongoing support services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,536,705$5,792,004▼ $744,701
Cash and Non-Interest-Bearing Accounts$403,679$3,301,546▲ $2,897,867
Accounts Receivable$3,628,086$2,226,901▼ $1,401,185
Land, Buildings, and Equipment, Net$1,617,992$1,608,187▼ $9,805
Savings and Temporary Cash Investments$427,470$334,712▼ $92,758
Prepaid Expenses and Deferred Charges$128,057$82,820▼ $45,237
Inventories for Sale or Use$45,921$65,047▲ $19,126
Pledges and Grants Receivable$32,925$0▼ $32,925
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$12,820,835$13,411,219▲ $590,384
Other Assets Total-$2-
Liabilities
Accounts Payable and Accrued Expenses$1,311,874$3,110,702▲ $1,798,828
Other Liabilities$11,900$11,900→ $0
Deferred Revenue-$8,238-
Total Liabilities$1,323,774$3,130,840▲ $1,807,066
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,497,061$10,280,379▼ $1,216,682
Total Net Assets Fund Balance$11,497,061$10,280,379▼ $1,216,682
Total Liabilities and Net Assets / Fund Balance$12,820,835$13,411,219▲ $590,384

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,330,865-$2,330,865
Buildings$1,356,462-$1,356,462
Leasehold Improvements$686,050-$686,050
Other Land Buildings$-2,765,190$3,395,695$630,505
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew JonesCEOFT$128,958$19,155$148,113
Chuck AlmasyCOOFT$123,123$19,746$142,869
Martha J RomeroDirector of BehaviFT$110,830$19,384$130,214
Lisa GreenFinance DirectorFT$95,732$18,538$114,270

Board Members and Trustees

NameTitle
Lara BakerChairman
Vince WithingtonVice Chair/Trea
Brenda DutyBoard Member
Dawn Allen-HerronBoard Member
Jan AbbottBoard Member
Sam MoralesBoard Member
Travers GeeBoard Member
Faith MyersSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$24,990
Program Service Revenue
$14,343,311
Investment Income
$199,112
Other Revenue
$146,885
All Other Contributions
$3,851
Change in Net Assets
$-1,278,698

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,714,298
Revenue Not Reported on Form 990
$62,016
Total Revenue per Audited Statements
$14,776,314
Total Revenue per Form 990
$14,714,298
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,497,998
Other Expenses$3,494,990
Grants and Similar Amounts Paid$8
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,531,768$3,248,817-$8,780,585
Other Employee Benefits$1,548,329$989,916-$2,538,245
Payroll Taxes$434,625$277,875-$712,500
Fees for Services Other$307,206$281,618-$588,824
Occupancy$376,812$161,491-$538,303
Current Officers, Directors, Trustees, and Key Employees$262,677$154,271-$416,948
Information Technology$232,021$12,212-$244,233
Depreciation Depletion$115,800$49,629-$165,429
Travel$28,770$108,233-$137,003
Insurance$125,545--$125,545
All Other Expenses$104,534$16,463-$120,997
Other Expenses$42,349$12,650-$54,999
Pension Plan Contributions$30,329$19,391-$49,720
Fees for Service Investment Mgmnt Fees$42,030--$42,030
Fees for Services Accounting$14,675$14,100-$28,775
Office Expenses$16,331$731-$17,062
Fees for Services Legal$6,156$5,914-$12,070
Advertising$3,081$162-$3,243
Grants to Domestic Individuals$8--$8
Total Functional Expenses$10,184,889$5,808,107$0$15,992,996

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,992,996
Total Expenses per Audited Statements$15,992,996
Total Expenses per Form 990$15,992,996
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$11,900
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The finance director reconciles the numbers on the form 990 to the audited financial statements and reviews the narrative for accuracy.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“When an item comes before the board of directors in which a director, a member of a director's immediate family, the director's employer, and/or any organization with which the director is associated has a direct private or business interest, the affected director shall so state and shall refrain from voting and participating in the board of director's discussion on the matter. The director's abstention from voting and the stated reason shall be recorded in the minutes. A director who knowingly fails to state a conflict of interest and fails to abstain from voting shall be subject to removal from the board in accordance with the provisions of the conflict of interest policy. A director unsure of a conflict of interest may state his or her apparent conflict and ask for a discussion and a vote on the question of the conflict by the other members of the board of directors. If the vote is unanimous, the director may proceed to participate in the discussion and vote on the matter in question.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Assets utilizes a 360 degree evaluation of employees and peers, reviews strategic plan objective accomplishments, and utilizes a compensation plan developed by a consultant and based on state and national benchmarks. Compensation levels were evaluated for all positions within the company utilizing these tools. The executive Director's compensation was last evaluated in 2014. In 2008 assets hired a compensation consultant to review all job descriptions and create a pay range structure based on job description and market survey data. All employees are compensated within the range which was established for their position. The executive director determines compensation for key employees within the ranges based on performance and company budget. The executive director consults with the HR director (performance) and the finance director (budget) to help decide the appropriateness of increases . The most recent reviews and changes in compensation based on merit were in 2014.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Assets utilizes a 360 degree evaluation of employees and peers, reviews strategic plan objective accomplishments, and utilizes a compensation plan developed by a consultant and based on state and national benchmarks. Compensation levels were evaluated for all positions within the company utilizing these tools. The executive Director's compensation was last evaluated in 2014. In 2008 assets hired a compensation consultant to review all job descriptions and create a pay range structure based on job description and market survey data. All employees are compensated within the range which was established for their position. The executive director determines compensation for key employees within the ranges based on performance and company budget. The executive director consults with the HR director (performance) and the finance director (budget) to help decide the appropriateness of increases . The most recent reviews and changes in compensation based on merit were in 2014.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization makes its governing documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Assets Inc
EIN
92-0076696
Phone
9073348622
Address
2330 Nichols St, Anchorage, AK 99508

Signing Officer

Name
Renee Behrendt
Title
Accounting Manager
Signed
2021-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Jones
Formed
1980
Legal Domicile
Ak
Voting Board Members
8
Independent Board Members
8
Employees
424
Volunteers
8

Preparer

Firm
Altman Rogers & Co
Address
3000 C Street Suite 201, Anchorage, AK 99503
Preparer
Ryan T Johns CPA
Phone
9072742992
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Assets, Inc. is a nonprofit corporation exempt from income taxation under Section 501(c)(3) of the Internal Revenue Code. Although the Organization is exempt from federal income taxes, any income derived from unrelated business activities is subject to the requirement of filing Federal Income Tax Form 990-T and a tax liability may be determined on these activities. The Organization had no income derived from unrelated business activities as of June 30, 2020 or 2019.The organization believes it is in compliance with all applicable laws; however upon audit by a taxing authority, if amounts are found due, the company may be liable for such taxes. Management has analyzed the companys tax positions taken on Federal income tax returns for all open tax years and has concluded that, as of June 30, 2020, no liabilities are required to be recorded in connection with such tax positions in the organizations financial statements. The fiscal 2017 through 2019 tax years remain open for examination by the taxing authorities. The organization is not under examination by the internal revenue service for any open tax years.”

Raw XML AppendixShowing 400 of 565 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01311874
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03110702
IRS990/AccountsReceivableGrp/BOYAmt03628086
IRS990/AccountsReceivableGrp/EOYAmt02226901
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Assets, Inc. (the Organization) is a not-for-profit corporation organized for the purpose of providing services that promote the independence of Anchorage area individuals who, due to the nature and severity of their disabilities, need support to live and work in the community. The company provides vocational training, supported living, and employment services conductive to this purpose, including assessment, community employment, and ongoing support services.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0162
IRS990/AdvertisingGrp/ProgramServicesAmt03081
IRS990/AdvertisingGrp/TotalAmt03243
IRS990/AllOtherContributionsAmt03851
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt016463
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0104534
IRS990/AllOtherExpensesGrp/TotalAmt0120997
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Renee Behrendt
IRS990/BooksInCareOfDetail/PhoneNum09073348622
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02330 Nichols St
IRS990/BooksInCareOfDetail/USAddress/CityNm0Anchorage
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AK
IRS990/BooksInCareOfDetail/USAddress/ZIPCd099508
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0403679
IRS990/CashNonInterestBearingGrp/EOYAmt03301546
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0154271
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0262677
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0416948
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt024990
IRS990/CYGrantsAndSimilarPaidAmt08
IRS990/CYInvestmentIncomeAmt0199112
IRS990/CYOtherExpensesAmt03494990
IRS990/CYOtherRevenueAmt0146885
IRS990/CYProgramServiceRevenueAmt014343311
IRS990/CYRevenuesLessExpensesAmt0-1278698
IRS990/CYSalariesCompEmpBnftPaidAmt012497998
IRS990/CYTotalExpensesAmt015992996
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt014714298
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt08238
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt049629
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0115800
IRS990/DepreciationDepletionGrp/TotalAmt0165429
IRS990/Desc0Contract Services - Assets has achieved the employment of approximately 150 individuals with cognitive or intellectual disabilities by directly employing persons with disabilities to provide the operations of several federal, state, and private contracts the organization operates within the community.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0424
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt010184889
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt014100
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt014675
IRS990/FeesForServicesAccountingGrp/TotalAmt028775
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt05914
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt06156
IRS990/FeesForServicesLegalGrp/TotalAmt012070
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0281618
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0307206
IRS990/FeesForServicesOtherGrp/TotalAmt0588824
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt042030
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt042030
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt019155
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt119746
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt219384
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt318538
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0Matthew Jones
IRS990/Form990PartVIISectionAGrp/PersonNm1Chuck Almasy
IRS990/Form990PartVIISectionAGrp/PersonNm2Martha J Romero
IRS990/Form990PartVIISectionAGrp/PersonNm3Lisa Green
IRS990/Form990PartVIISectionAGrp/PersonNm4Lara Baker
IRS990/Form990PartVIISectionAGrp/PersonNm5Vince Withington
IRS990/Form990PartVIISectionAGrp/PersonNm6Faith Myers
IRS990/Form990PartVIISectionAGrp/PersonNm7Jan Abbott
IRS990/Form990PartVIISectionAGrp/PersonNm8Sam Morales
IRS990/Form990PartVIISectionAGrp/PersonNm9Brenda Duty
IRS990/Form990PartVIISectionAGrp/PersonNm10Travers Gee
IRS990/Form990PartVIISectionAGrp/PersonNm11Dawn Allen-Herron
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0128958
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1123123
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2110830
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt395732
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1COO
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director of Behavi
IRS990/Form990PartVIISectionAGrp/TitleTxt3Finance Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chair/Trea
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd0true
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt021139
IRS990/GrantAmt08
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt08
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt08
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt014714298
IRS990/GrossRentsGrp/RealAmt097728
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt012212
IRS990/InformationTechnologyGrp/ProgramServicesAmt0232021
IRS990/InformationTechnologyGrp/TotalAmt0244233
IRS990/InsuranceGrp/ProgramServicesAmt0125545
IRS990/InsuranceGrp/TotalAmt0125545
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt045921
IRS990/InventoriesForSaleOrUseGrp/EOYAmt065047
IRS990/InvestmentIncomeGrp/ExclusionAmt0199112
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0199112
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06536705
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05792004
IRS990/IRPDocumentCnt024
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03395695
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01617992
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01608187
IRS990/LandBldgEquipCostOrOtherBssAmt05003882
IRS990/LegalDomicileStateCd0AK
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Assets, Inc. (the Organization) is a not-for-profit corporation organized for the purpose of providing services that promote the independence of Anchorage area individuals who, due to the nature and severity of their disabilities, need support to live and work in the community. The company provides vocational training, supported living, and employment services conductive to this purpose, including assessment, community employment, and ongoing support services.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt011497061
IRS990/NetAssetsOrFundBalancesEOYAmt010280379
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt097728
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt097728
IRS990/NetUnrlzdGainsLossesInvstAmt062016
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt011497061
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt010280379
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0161491
IRS990/OccupancyGrp/ProgramServicesAmt0376812
IRS990/OccupancyGrp/TotalAmt0538303
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0731
IRS990/OfficeExpensesGrp/ProgramServicesAmt016331
IRS990/OfficeExpensesGrp/TotalAmt017062
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt02
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0989916
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01548329
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02538245
IRS990/OtherExpensesGrp/Desc0Stipends
IRS990/OtherExpensesGrp/Desc1Program Operating
IRS990/OtherExpensesGrp/Desc2Supplies
IRS990/OtherExpensesGrp/Desc3Equipment
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0446178
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18456
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt212650
IRS990/OtherExpensesGrp/ProgramServicesAmt0758905
IRS990/OtherExpensesGrp/ProgramServicesAmt1202938
IRS990/OtherExpensesGrp/ProgramServicesAmt242349
IRS990/OtherExpensesGrp/TotalAmt0758905
IRS990/OtherExpensesGrp/TotalAmt1446178
IRS990/OtherExpensesGrp/TotalAmt2211394
IRS990/OtherExpensesGrp/TotalAmt354999
IRS990/OtherLiabilitiesGrp/BOYAmt011900
IRS990/OtherLiabilitiesGrp/EOYAmt011900
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt049157
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt049157
IRS990/OtherRevenueTotalAmt049157
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03248817
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05531768
IRS990/OtherSalariesAndWagesGrp/TotalAmt08780585
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0277875
IRS990/PayrollTaxesGrp/ProgramServicesAmt0434625
IRS990/PayrollTaxesGrp/TotalAmt0712500
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt019391
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt030329
IRS990/PensionPlanContributionsGrp/TotalAmt049720
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt032925
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0128057
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt082820
IRS990/PrincipalOfficerNm0Matthew Jones
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0721000
IRS990/ProgramServiceRevenueGrp/BusinessCd1621400
IRS990/ProgramServiceRevenueGrp/Desc0Enclave Contracts
IRS990/ProgramServiceRevenueGrp/Desc1Home and Comm. Service
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07963809
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16379502
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07963809
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16379502
IRS990/ProgSrvcAccomActy2Grp/Desc0Supported Living Services - skill building, coaching, and resource coordination to assist individuals to live in their own homes.
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt06379502
IRS990/ProgSrvcAccomActy3Grp/Desc0Supported Employment - assists individuals to obtain and retain employment within local businesses. Currently works with over 40 local employers.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0771403
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0271758
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03580614
IRS990/PYOtherRevenueAmt0168242
IRS990/PYProgramServiceRevenueAmt015599932
IRS990/PYRevenuesLessExpensesAmt01136190
IRS990/PYSalariesCompEmpBnftPaidAmt012094531
IRS990/PYTotalExpensesAmt015675145
IRS990/PYTotalRevenueAmt016811335
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1278698
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt097728
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt07963809
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0427470
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0334712
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt024990
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0771403
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01163853
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01575706
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01623304
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05159256
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus4YearsAmt0345442
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt0345442
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0296840
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0402670
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0396974
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0178593
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0191025
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01466102
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt014343311
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt015599932
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt013975098
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt016395684
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt016429783
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt076743808
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0296840
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0402670
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0396974
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0178593
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0191025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01466102
IRS990ScheduleA/InvestmentIncomeCYPct00.01740
IRS990ScheduleA/InvestmentIncomePYPct00.01530
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt049157
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt052792

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,411,219
Liabilities
$3,130,840
Net assets
$10,280,379
Revenue
$14,714,298
Expenses
$15,992,996
Net income
-$1,278,698
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.35$1.36$7.99$14.5$15.5$0.96
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$1.80$8.97$13.6$14.9$1.30
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$0.11$12.3$14.0$13.8$0.19
2022Detailed filing. Detailed filing data is available for this year.$12.2$0.03$12.1$14.3$14.4$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.3$6.29$12.0$16.1$14.8$1.27
2020Detailed filing. Detailed filing data is available for this year.$13.4$3.13$10.3$14.7$16.0$1.28
2019Detailed filing. Detailed filing data is available for this year.$12.8$1.32$11.5$16.8$15.7$1.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.8$3.56$10.2$15.8$16.6$0.73
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.9$1.14$11.7$18.4$18.1$0.27
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.4$1.91$11.5$18.3$18.9$0.59
2015Detailed filing. Detailed filing data is available for this year.$13.6$1.42$12.2$18.9$18.6$0.28
2014Detailed filing. Detailed filing data is available for this year.$13.4$1.32$12.0$18.3$17.5$0.81
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.4$1.28$11.1$16.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$1.04$10.6$16.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$1.11$9.74$16.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$1.12$9.01$15.7