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Nonprofiteer
← ANCHORAGE CONCERT ASSOCIATION INC

Form 990 for tax year 2023

Filed by ANCHORAGE CONCERT ASSOCIATION INC.

Totals

Total revenue
$3,887,793
Total expenses
$3,355,667
Contributions and grants received
$842,928
Grants paid
$0
Program service revenue
$2,373,892
Investment income
$134,900
Other revenue
$536,073
Total assets, end of year
$12,419,221
Total liabilities, end of year
$405,727
Net assets or fund balances, end of year
$12,013,494
Program services expenses (Part IX)
$2,171,543
Management and general expenses
$1,162,200
Fundraising expenses
$21,924
Program service expenses (Part III)
$2,171,543

Program services were 64.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $270,000

  • 1e · Government grants (contributions)

    $119,550

  • 1f · All other contributions, gifts and grants

    $453,378

  • 1g · Noncash contributions included above

    $2,269

  • 2a · Program service revenue: Admission Revenue

    total $2,373,632 · related or exempt $2,373,632

  • 2b · Program service revenue: Education Programs

    total $260 · related or exempt $260

  • 3 · Investment income

    total $107,477 · excluded $107,477

  • 7a · Gross sales of assets other than inventory

    securities $27,423

  • 7c · Gain or loss

    securities $27,423

  • 7d · Net gain or loss

    total $27,423 · excluded $27,423

  • 10a · Gross sales of inventory

    $21,527

  • 10b · Cost of goods sold

    $10,744

  • 10c · Net income from sales of inventory

    total $10,783 · related or exempt $10,783

  • 11a · Other revenue: Program Advertising

    total $21,783 · unrelated business $21,783

  • 11b · Other revenue: Miscellaneous Income

    total $428 · related or exempt $428

  • 11c · Other revenue: Change in Investment A

    total $503,079 · excluded $503,079

  • 11e · Other revenue, total

    $525,290

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $174,486 · management and general $174,486

  • 7 · Other salaries and wages

    total $611,497 · management and general $611,497

  • 9 · Other employee benefits

    total $67,474 · management and general $67,474

  • 10 · Payroll taxes

    total $65,151 · management and general $65,151

  • 11c · Fees: accounting

    total $5,950 · management and general $5,950

  • 11g · Fees: other

    total $838,661 · program services $838,661

  • 13 · Office expenses

    total $132,103 · management and general $132,103

  • 16 · Occupancy

    total $60,907 · management and general $60,907

  • 19 · Conferences, conventions and meetings

    total $28,763 · management and general $28,763

  • 23 · Insurance

    total $15,869 · management and general $15,869

  • 24a · Other expenses: Production Costs

    total $831,522 · program services $831,522

  • 24b · Other expenses: PublicityMarketing

    total $447,103 · program services $447,103

  • 24c · Other expenses: Ticketing Costs

    total $49,051 · program services $49,051

  • 24d · Other expenses: Education Program Costs

    total $5,206 · program services $5,206

  • 24e · All other expenses

    total $21,924 · fundraising $21,924

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $59 · end of year $133

  • 2 · Savings and temporary cash investments

    beginning of year $3,067,698 · end of year $717,194

  • 3 · Pledges and grants receivable

    beginning of year $10,555 · end of year $22,925

  • 4 · Accounts receivable

    beginning of year $10,000 · end of year $2,000

  • 8 · Inventories for sale or use

    beginning of year $1,877 · end of year $1,877

  • 9 · Prepaid expenses and deferred charges

    beginning of year $86,280 · end of year $162,080

  • 10a · Land, buildings and equipment: cost or other basis

    $202,563

  • 10b · Land, buildings and equipment: accumulated depreciation

    $202,563

  • 11 · Investments: publicly traded securities

    beginning of year $2,924,167 · end of year $5,436,359

  • 12 · Investments: other securities

    beginning of year $5,572,820 · end of year $6,076,653

  • 17 · Accounts payable and accrued expenses

    beginning of year $142,853 · end of year $135,910

  • 19 · Deferred revenue

    beginning of year $257,766 · end of year $269,817

  • 27 · Net assets without donor restrictions

    beginning of year $5,700,017 · end of year $5,936,841

  • 28 · Net assets with donor restrictions

    beginning of year $5,572,820 · end of year $6,076,653

Mission and programs · 2023

Mission

Our Mission is to inspire and enhance the community through the Performing Arts.

  • PROMOTION AND PRODUCTION OF PERFORMING ARTS PRESENTATIONS AND THE GENERATION OF REVENUES FROM TICKET SALES. ENHANCES THE ARTISTIC AND CULTURAL ENVIRONMENT OF ANCHORAGE AND ALASKA.

    Expenses $2,171,543 · Revenue $2,373,892

As filed on the 2023 return.

Listed in Part VII

  • Jason Hodges

    Executive Director

    Total calculated
    $187,226
    From this org
    $174,486
    From related orgs
    $0
    Other
    $12,740
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $152,009
    Bonus
    $22,477
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $12,740
    Filer's total
    $187,226

  • Louis Ulmer

    Director

    Total calculated
    $0
    Hours/week
    4.5 + 0.1 related

  • Loki Tobin

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Miles Baker

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Stephanie Erickson

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Sean Brean

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Claudia Russell

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Cameron Barrows

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Vaughn

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5 + 0.1 related

  • Chris Schutte

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Laurie Montano

    Vice President

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rayette Sterling

    President

    Total calculated
    $0
    Hours/week
    1.5 + 0.1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511349349309401

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