Civic Intelligence

Anchorage Museum Association

990 • Fiscal year 2015 • EIN 92-6009317

Jan 01, 2015 to Dec 31, 2015 • Filed on May 11, 2016

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

16th percentile

0.03x

Higher debt load relative to assets than 16% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

8th percentile

0.03x

Higher debt load relative to revenue than 8% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

93rd percentile

58%

Higher net margin than 93% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

57th percentile

$273,038

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

97th percentile

84%

Faster asset growth than 97% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

92nd percentile

64%

Faster revenue growth than 92% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Up

$43,055,493

Up $19,684,314 (+84%) from 2014

Net Assets

Up

$41,956,535

Up $19,982,247 (+91%) from 2014

Liabilities

Down

$1,098,958

Down $297,933 (-21%) from 2014

Revenue

Up

$34,587,259

Up $13,462,718 (+64%) from 2014

Expenses

Up

$14,634,829

Up $4,635,253 (+46%) from 2014

Net Income

Up

$19,952,430

Up $8,827,465 (+79%) from 2014

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

2015

Assets$43,055,493
Liabilities$1,098,958
Net Assets$41,956,535

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

2015

Revenue$34,587,259
Expenses$14,634,829
Net Income$19,952,430
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 11, 2016
Return Version
2015v2.1
Gross Receipts
$35,783,600
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$15,864,783$28,241,337▲ $12,376,554
Savings and Temporary Cash Investments$6,470,432$13,880,830▲ $7,410,398
Cash and Non-Interest-Bearing Accounts$496,607$461,433▼ $35,174
Inventories for Sale or Use$381,072$370,973▼ $10,099
Prepaid Expenses and Deferred Charges$60,215$54,921▼ $5,294
Accounts Receivable$45,131$44,961▼ $170
Investments in Publicly Traded Securities$52,939$1,038▼ $51,901
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$23,371,179$43,055,493▲ $19,684,314
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,368,527$1,062,168▼ $306,359
Deferred Revenue$28,364$36,790▲ $8,426
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$1,396,891$1,098,958▼ $297,933
Net Assets / Fund Balance
Temporarily Rstr Net Assets$16,241,387$36,948,939▲ $20,707,552
Unrestricted Net Assets$5,732,901$5,007,596▼ $725,305
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$21,974,288$41,956,535▲ $19,982,247
Total Liabilities and Net Assets / Fund Balance$23,371,179$43,055,493▲ $19,684,314
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie DeckerCEO/ Museum DirectorFT$214,990$58,048$273,038
Brian SteeleDeputy DirectorFT$112,709$30,432$143,141
Ann HaleCDOFT$101,614$27,435$129,049
Kirsten NewbyCFOFT$95,385$25,754$121,139
Kirsten AndersonDeputy DirectorFT$93,963$25,370$119,333

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
Jennine JordanBoard Member
Louis C UlmerBoard Member
Peter MichalskiBoard Member
Rod WorlBoard Member
Susan UrigBoard Member
Tim ThompsonBoard Member
Jim KostkaSecretary
John S LevyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
McCool Carlson GreenArchitecture Service421 W 1st Ave Ste 300, Anchorage, AK 99501, Ca$1,347,836
Group DelphiExhibition Design950 W Tower Ave, Alameda, CA 94501$773,842
GSMPRJCT CreationExhibition Design5600 B Street, Anchorage, AK 99518$732,933
Nana Management ServicesSecurity4294 Awinnea Rd, Memphis, TN 38118$688,274
Mallory Alexander LogisticsLogistics-$315,796
Revenue and Support

Revenue Composition

Contributions and Grants
$32,557,489
Program Service Revenue
$1,780,647
Investment Income
$-37,374
Other Revenue
$286,497
All Other Contributions
$25,185,717
Change in Net Assets
$19,952,430

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 Traded4$6,535,950Ave. high/low cost
Works of Art13$97,510Appraiser
Cars and Other Vehicles1$4,781Online valuation
Total Noncash Contributions18$6,638,241-

Audited Revenue Reconciliation

Revenue per Audited Statements
$34,210,189
Revenue Not Reported on Financial Statements
$377,070
Revenue Not Reported on Form 990
$339,693
Other Revenue Adjustments
$377,070
Total Revenue per Audited Statements
$34,549,882
Total Revenue per Form 990
$34,587,259
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,168,733
Salaries, Compensation, and Employee Benefits$4,466,096
Total Fundraising Expense$648,906
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,128,928$365,013$257,069$2,751,010
Occupancy$2,183,857$75,305$25,102$2,284,264
Fees for Services Other$1,612,303$77,719$38,138$1,728,160
Current Officers, Directors, Trustees, and Key Employees$188,592$439,260$157,847$785,699
Information Technology$449,150$166,842$44,135$660,127
Other Employee Benefits$290,338$43,648$16,249$350,235
Pension Plan Contributions$225,532$68,743$48,934$343,209
All Other Expenses$242,493$65,013$5,763$313,269
Other Expenses$278,005--$278,005
Travel$237,385$12,000$2,937$252,322
Royalties$241,609--$241,609
Payroll Taxes$177,192$29,751$29,000$235,943
Advertising$217,347$1,795$990$220,132
Office Expenses$39,966$58,607$6,747$105,320
Conferences and Meetings$38,716$7,697$15,995$62,408
Fees for Services Accounting-$46,415-$46,415
Fees for Services Lobbying-$15,000-$15,000
Insurance-$9,476-$9,476
Fees for Services Legal-$9,204-$9,204
Total Functional Expenses$12,494,435$1,491,488$648,906$14,634,829

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$14,634,829
Total Expenses per Audited Statements$14,567,635
Expenses per Audited Statements$14,257,759
Expenses Not Reported on Financial Statements$377,070
Other Expense Adjustments$377,070
Expenses Not Reported on Form 990$309,876
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$236,435
Fundraising Direct Expenses$163,012
Gaming Gross Income$9,850
Gaming Direct Expenses$235
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Event$25,235$25,235$15,107$10,128
Gala$227,315$24,229$75,978$-51,749
Total Events$252,550$49,464$163,011$-113,547
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
9079299200
Signed
2016-05-11
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
104
Volunteers
235

Preparer

Firm
Bdo USA Llp
Address
3601 C STREET STE 600, ANCHORAGE, AK 99503
Preparer
Key E Getty CPA
Phone
9079299200
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 200,113 during the year as well as 14,982 students on field trips. Expenses $547,197 Grants $0 Revenue $0

Form 990, Part I, line 8, 20; Part X, line 28, 33

An increase in these figures reflects capital contributions received for the Museum Expansion, "Art of the North" Wing, which began in 2013. The purpose of the expansion is to house the Museum's art collection, and tell the story of art of the North from historical to contemporary with permanent and changing exhibition spaces, event spaces, a patron's lounge, and office space. During the 2015 fiscal year, a commitment to fund this expansion of the new wing was made by the Rasmuson family ($12m), led by Ed Rasmuson, and the Rasmuson Foundation ($12m) for a total amount of $24,000,000. Construction contracts are in place with construction beginning February 1, 2016. Completion of the expansion is expected to occur September 2017. Upon completion, the facility will be an asset of the Municipality of Anchorage.

Financial Statement Notes

FORM 990, SCHEDULE D, PART III:

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.

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

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.

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

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.

FORM 990, SCHEDULE D, PART XI, LINE 4B:

Officer's compensation included in capital expenditures: $377,070

FORM 990, SCHEDULE D, PART XII, LINE 4B:

Officer's compensation included in capital expenditures: $377,070

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Document Assets

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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
2015Detailed filing. Detailed filing data is available for this year.$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