Civic Intelligence

Anchorage Museum Association

990 • Fiscal year 2014 • EIN 92-6009317

Jan 01, 2014 to Dec 31, 2014 • Filed on Sep 18, 2015

625 C StreetAnchorage, AK 99501-3611

(907) 929-9200

Siviq Scores

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

Liabilities / Assets

27th percentile

0.06x

Higher debt load relative to assets than 27% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

19th percentile

0.07x

Higher debt load relative to revenue than 19% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

92nd percentile

53%

Higher net margin than 92% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

70th percentile

$237,753

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

97th percentile

105%

Faster asset growth than 97% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

89th percentile

53%

Faster revenue growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$23,371,179

Up $11,959,867 (+105%) from 2013

Net Assets

Up

$21,974,288

Up $11,125,811 (+103%) from 2013

Liabilities

Up

$1,396,891

Up $834,056 (+148%) from 2013

Revenue

Up

$21,124,541

Up $7,358,444 (+53%) from 2013

Expenses

Up

$9,999,576

Up $725,065 (+7.8%) from 2013

Net Income

Up

$11,124,965

Up $6,633,379 (+148%) from 2013

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $5,540,007Liabilities 2010: $569,921Net Assets 2010: $4,970,0862010Assets 2011: $6,743,026Liabilities 2011: $624,220Net Assets 2011: $6,118,8062011Assets 2012: $6,901,747Liabilities 2012: $543,500Net Assets 2012: $6,358,2472012Assets 2013: $11,411,312Liabilities 2013: $562,835Net Assets 2013: $10,848,4772013Assets 2014: $23,371,179Liabilities 2014: $1,396,891Net Assets 2014: $21,974,2882014Assets 2015: $43,055,493Liabilities 2015: $1,098,958Net Assets 2015: $41,956,5352015Assets 2016: $25,653,471Liabilities 2016: $3,160,261Net Assets 2016: $22,493,2102016Assets 2017: $11,589,469Liabilities 2017: $3,426,305Net Assets 2017: $8,163,1642017Assets 2018: $7,769,512Liabilities 2018: $1,192,995Net Assets 2018: $6,576,5172018Assets 2019: $7,948,120Liabilities 2019: $1,039,745Net Assets 2019: $6,908,3752019Assets 2020: $9,923,606Liabilities 2020: $2,125,940Net Assets 2020: $7,797,6662020Assets 2021: $13,680,966Liabilities 2021: $1,161,331Net Assets 2021: $12,519,6352021Assets 2022: $13,378,568Liabilities 2022: $1,352,212Net Assets 2022: $12,026,3562022Assets 2023: $14,046,834Liabilities 2023: $1,655,841Net Assets 2023: $12,390,9932023Assets 2024: $14,175,388Liabilities 2024: $1,536,313Net Assets 2024: $12,639,0752024

Highlighted filing

2014

Assets$23,371,179
Liabilities$1,396,891
Net Assets$21,974,288

Operations Trend

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

$40M$20M$0-$20MExpenses 2010: $10,134,0932010Expenses 2011: $8,828,7332011Expenses 2012: $8,321,2792012Revenue 2013: $13,766,097Expenses 2013: $9,274,511Net Income 2013: $4,491,5862013Revenue 2014: $21,124,541Expenses 2014: $9,999,576Net Income 2014: $11,124,9652014Revenue 2015: $34,587,259Expenses 2015: $14,634,829Net Income 2015: $19,952,4302015Revenue 2016: $11,134,668Expenses 2016: $30,626,527Net Income 2016: -$19,491,8592016Revenue 2017: $10,749,050Expenses 2017: $25,284,093Net Income 2017: -$14,535,0432017Revenue 2018: $11,755,772Expenses 2018: $13,122,234Net Income 2018: -$1,366,4622018Revenue 2019: $13,223,710Expenses 2019: $13,183,983Net Income 2019: $39,7272019Revenue 2020: $10,678,219Expenses 2020: $9,935,917Net Income 2020: $742,3022020Revenue 2021: $14,736,241Expenses 2021: $10,224,060Net Income 2021: $4,512,1812021Revenue 2022: $11,461,391Expenses 2022: $11,233,565Net Income 2022: $227,8262022Revenue 2023: $12,653,212Expenses 2023: $12,631,751Net Income 2023: $21,4612023Revenue 2024: $13,198,026Expenses 2024: $13,093,405Net Income 2024: $104,6212024

Highlighted filing

2014

Revenue$21,124,541
Expenses$9,999,576
Net Income$11,124,965
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Sep 18, 2015
Return Version
2014v5.0
Gross Receipts
$22,230,241
Mission and Program Overview

Mission

The anchorage museum association operates the anchorage museum at rasmuson center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$5,967,472$15,864,783▲ $9,897,311
Savings and Temporary Cash Investments$4,555,490$6,470,432▲ $1,914,942
Cash and Non-Interest-Bearing Accounts$443,394$496,607▲ $53,213
Inventories for Sale or Use$359,477$381,072▲ $21,595
Prepaid Expenses and Deferred Charges$64,586$60,215▼ $4,371
Investments in Publicly Traded Securities$0$52,939▲ $52,939
Accounts Receivable$20,893$45,131▲ $24,238
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--
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$11,411,312$23,371,179▲ $11,959,867
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$542,349$1,368,527▲ $826,178
Deferred Revenue$20,486$28,364▲ $7,878
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$562,835$1,396,891▲ $834,056
Net Assets / Fund Balance
Temporarily Rstr Net Assets$6,807,866$16,241,387▲ $9,433,521
Unrestricted Net Assets$4,040,611$5,732,901▲ $1,692,290
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$10,848,477$21,974,288▲ $11,125,811
Total Liabilities and Net Assets / Fund Balance$11,411,312$23,371,179▲ $11,959,867
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie DeckerCEO/museum DirectorFT$190,000$47,753$237,753
Janice JonesDeputy DirectorFT$113,173$27,991$141,164
Greg SmithCFOFT$106,163$22,797$128,960

Board Members and Trustees

NameTitle
Evan RoseChair
Todd BellVice-Chair
Brian WorthingtonBoard Member
Heather ArnettBoard Member
Heather FlynnBoard Member
Ingrid KlinkhartBoard Member
James E KallmanBoard Member
Laura EmersonBoard Member
Louis UlmerBoard Member
Martin HanofeeBoard Member
Peter MichalskiBoard Member
Susan UrigBoard Member
Tim ThompsonBoard Member
Jim KostraSecretary
John LevyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Nana Management ServicesSecurity5600 B STREET, Anchorage, AK 99518$678,253
Mr Clean JanitorialJanitorialPO BOX 241493, Anchorage, AK 99524$221,843
Padgett Professional ConsultingHuman Resources855 Ames, Kenai, AK 99611$131,061
Arcadis USAProject Management62638 Collections Ctr, Chicago, IL 60693$112,186
Nana CateringCatering5600 B St, Anchorage, AK 99518$108,005
Revenue and Support

Revenue Composition

Contributions and Grants
$19,009,479
Program Service Revenue
$1,757,244
Investment Income
$10,603
Other Revenue
$347,215
All Other Contributions
$2,315,866
Change in Net Assets
$11,124,965

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$49,679Ave. high/low cost
Total Noncash Contributions1$49,679-

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,095,394
Revenue Not Reported on Financial Statements
$29,147
Revenue Not Reported on Form 990
$211,076
Other Revenue Adjustments
$29,147
Total Revenue per Audited Statements
$21,306,470
Total Revenue per Form 990
$21,124,541
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,735,491
Salaries, Compensation, and Employee Benefits$4,264,085
Total Fundraising Expense$475,326
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,244,551$187,493$273,378$2,705,422
Occupancy$1,907,484$73,396$10,530$1,991,410
Current Officers, Directors, Trustees, and Key Employees$184,257$323,621-$507,878
Other Employee Benefits$337,566$60,177$19,257$417,000
Pension Plan Contributions$326,206$12,973$49,844$389,023
Information Technology$225,911$56,566$33,411$315,888
Payroll Taxes$191,528$30,023$23,211$244,762
Advertising$235,305$5,246$850$241,401
All Other Expenses$136,141-$9,549$145,690
Other Expenses$134,796$264,519$33,048$134,796
Travel$122,073-$3,366$125,439
Conferences and Meetings$106,423-$15,935$122,358
Fees for Services Other-$110,588-$110,588
Royalties$90,588--$90,588
Office Expenses$46,327$39,637$2,947$88,911
Fees for Services Legal$29,675$15,295-$44,970
Fees for Services Accounting-$43,991-$43,991
Fees for Services Lobbying-$40,000-$40,000
Insurance$845$9,311-$10,156
Total Functional Expenses$8,251,414$1,272,836$475,326$9,999,576

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,180,659
Total Expenses per Form 990$9,999,576
Expenses per Audited Statements$9,970,429
Expenses Not Reported on Form 990$210,230
Expenses Not Reported on Financial Statements$29,147
Other Expense Adjustments$29,147
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$228,732
Fundraising Direct Expenses$137,770
Gaming Gross Income$12,245
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2014 Gala$218,473$202,618$72,691$129,927
Fall Event$20,274$20,274$10,023$10,251
Total Events$246,002$228,732$137,770$90,962
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
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
Annual disclosure for covered persons
Yes
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
CEO 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

The Association has the completed Form 990 reviewed by the treasurer after the CFO has completed the pre-filing review of the completed return. Drafts of the return are reviewed by one or more members of the finance committee prior to filing.

Form 990, Part VI, Line 15

Board members are not compensated, but compensation and benefits for the museum director are set by the executive committee of the board. The museum director is currently working under a 5 year contract that stipulates the process of performance evaluation and determining compensation changes.

Form 990, Part VI, Line 19

The governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Anchorage Museum Association
EIN
92-6009317
In Care Of
% KIRSTEN NEWBY CFO
Phone
9079299200
Address
625 C STREET, ANCHORAGE, AK 99501-3611

Signing Officer

Name
Kirsten Newby
Title
CFO
Phone
9079299222
Signed
2015-09-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Decker
Formed
1987
Legal Domicile
Ak
Voting Board Members
15
Independent Board Members
15
Employees
111
Volunteers
150

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 1

To share and connect alaska with the world through art, history and science. The anchorage museum at rasmuson center is owned by the municipality of anchorage. The association operates the museum under a contract which requires it to raise funds to operate the museum, to maintain the facility, and to deliver programs consistent with the mission of the anchorage museum at rasmuson center as defined by the municipality of anchorage.

Form 990, Part III, Line 4D

Other Program Services: Visitor Services: Assistance for museum visitors. The museum welcomed 200,184 during the year as well as 18,000 students on field trips. Expenses $365,816 Grants $0 Revenue $0

Financial Statement Notes

Collection of Art, Artifacts and Materials

The museum's collection of art, artifacts and archival materials are under the care of the association but are assets of the municipality of anchorage. The association makes purchases for additions to the collection as guided by the collections committee, an advisory group comprised of members of the community, board members and staff. The cost of items added to the collection for the year ended december 31,2013 was $101,883. The collections committee also evaluates items offered to the museum as donations to the collection and recommends acceptance or refusal. The value of items added to the collection from such donations is not recorded in the support or expenses of the association. The collections committee also has the responsibility for recommending to the association's board of directors and the municipality of anchorage items that need to be removed or de-accessioned from the collection. Proceeds received from the sale of de-accessioned items are restricted for the purpose of acquiring items for the collection in the future and would be included in temporarily restricted assets. There were no proceeds from the sale of de-accessioned items in the year ended december 31, 2014.

Description of Organization'S Collections

The Anchorage Museum's collections consist primarily of archival materials, artwork and artifacts of the circumpolar north with an emphasis on the art, ethnography and history of Alaska. The collections are maintained for public exhibition, scholarly research, preservation for future generations and to support educational programming. The Museum has a significant portion of its collection on public display at all times.

Sch D, Part X, Line 2

The Association applies the provisions of Topic 740 of the FASB Accounting Standards Codification relating to the accounting for uncertainty in income taxes. The Association annually reviews its tax positions taken in accordance with the recognition standards. The Association believes that it has no uncertain tax positions which would require disclosure or adjustment in these financial statements.

Sch D, Part XI, Line 4B

Officer's compensation included in capital expenditures: $29,417

Sch D, Part XII, Line 4B

Officer's compensation included in capital expenditures: $29,417

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IRS990/Form990PartVIISectionAGrp/PersonNm0Heather Flynn
IRS990/Form990PartVIISectionAGrp/PersonNm1Jim Kostra
IRS990/Form990PartVIISectionAGrp/PersonNm2Tim Thompson
IRS990/Form990PartVIISectionAGrp/PersonNm3Louis Ulmer
IRS990/Form990PartVIISectionAGrp/PersonNm4Heather Arnett
IRS990/Form990PartVIISectionAGrp/PersonNm5Evan Rose
IRS990/Form990PartVIISectionAGrp/PersonNm6Laura Emerson
IRS990/Form990PartVIISectionAGrp/PersonNm7Martin Hanofee
IRS990/Form990PartVIISectionAGrp/PersonNm8Todd Bell
IRS990/Form990PartVIISectionAGrp/PersonNm9Peter Michalski
IRS990/Form990PartVIISectionAGrp/PersonNm10John Levy
IRS990/Form990PartVIISectionAGrp/PersonNm11James E Kallman
IRS990/Form990PartVIISectionAGrp/PersonNm12Ingrid Klinkhart
IRS990/Form990PartVIISectionAGrp/PersonNm13Susan Urig
IRS990/Form990PartVIISectionAGrp/PersonNm14Brian Worthington
IRS990/Form990PartVIISectionAGrp/PersonNm15Janice Jones
IRS990/Form990PartVIISectionAGrp/PersonNm16Greg Smith
IRS990/Form990PartVIISectionAGrp/PersonNm17Julie Decker
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Deputy Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt17CEO/MUSEUM DIRECTOR
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
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IRS990/OtherExpensesGrp/Desc0CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc2SHIPPING & FREIGHT
IRS990/OtherExpensesGrp/Desc3EQUIPMENT PURCHASES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0264519
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IRS990/OtherExpensesGrp/ProgramServicesAmt3134796
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IRS990/OtherExpensesGrp/TotalAmt1325830
IRS990/OtherExpensesGrp/TotalAmt2181983
IRS990/OtherExpensesGrp/TotalAmt3134796
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$1.54$12.6$13.2$13.1$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.0$1.66$12.4$12.7$12.6$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$1.35$12.0$11.5$11.2$0.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.7$1.16$12.5$14.7$10.2$4.51
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.92$2.13$7.80$10.7$9.94$0.74
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.95$1.04$6.91$13.2$13.2$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.77$1.19$6.58$11.8$13.1$1.37
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$3.43$8.16$10.7$25.3$14.5
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.7$3.16$22.5$11.1$30.6$19.5
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.1$1.10$42.0$34.6$14.6$20.0
2014Detailed filing. Detailed filing data is available for this year.$23.4$1.40$22.0$21.1$10.00$11.1
2013Detailed filing. Detailed filing data is available for this year.$11.4$0.56$10.8$13.8$9.27$4.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.90$0.54$6.36$8.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.74$0.62$6.12$8.83
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.54$0.57$4.97$10.1
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $10M-$25M nonprofits