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Nonprofiteer
← ANCHORAGE COMMUNITY LAND TRUST

Form 990 for tax year 2022

Filed by ANCHORAGE COMMUNITY LAND TRUST.

Totals

Total revenue
$903,561
Total expenses
$1,259,148
Contributions and grants received
$870,567
Grants paid
$0
Program service revenue
$14,181
Investment income
$2,796
Other revenue
$16,017
Total assets, end of year
$10,169,650
Total liabilities, end of year
$704,822
Net assets or fund balances, end of year
$9,464,828
Program services expenses (Part IX)
$741,502
Management and general expenses
$354,897
Fundraising expenses
$162,749
Program service expenses (Part III)
$741,502

Program services were 58.9% 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.

  • 1e · Government grants (contributions)

    $447,672

  • 1f · All other contributions, gifts and grants

    $422,895

  • 1g · Noncash contributions included above

    $797

  • 2a · Program service revenue: Rental Income

    total $14,181 · related or exempt $14,181

  • 3 · Investment income

    total $2,796 · excluded $2,796

  • 11a · Other revenue: Misc

    total $2,697 · related or exempt $2,697

  • 11b · Other revenue: Contract Revenue

    total $13,320 · related or exempt $13,320

  • 11e · Other revenue, total

    $16,017

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $631,326 · program services $283,793 · management and general $249,219 · fundraising $98,314

  • 8 · Pension plan contributions

    total $2,471 · program services $1,750 · management and general $336 · fundraising $385

  • 9 · Other employee benefits

    total $52,594 · program services $37,068 · management and general $7,234 · fundraising $8,292

  • 10 · Payroll taxes

    total $51,163 · program services $36,245 · management and general $6,951 · fundraising $7,967

  • 11c · Fees: accounting

    total $65,922 · program services $47,004 · management and general $18,918

  • 11e · Fees: professional fundraising services

    total $13,800 · fundraising $13,800

  • 11g · Fees: other

    total $193,973 · program services $193,973

  • 12 · Advertising and promotion

    total $33,540 · program services $7,931 · management and general $65 · fundraising $25,544

  • 13 · Office expenses

    total $57,670 · program services $20,217 · management and general $34,089 · fundraising $3,364

  • 16 · Occupancy

    total $76,065 · program services $68,052 · management and general $8,013

  • 17 · Travel

    total $1,412 · program services $455 · management and general $957

  • 19 · Conferences, conventions and meetings

    total $10,588 · program services $1,309 · management and general $7,702 · fundraising $1,577

  • 22 · Depreciation, depletion and amortization

    total $37,307 · program services $29,327 · management and general $7,980

  • 23 · Insurance

    total $4,899 · program services $1,678 · management and general $2,937 · fundraising $284

  • 24a · Other expenses: DuesFeesSubscriptions

    total $20,843 · program services $495 · management and general $17,126 · fundraising $3,222

  • 24b · Other expenses: Technical Assistance

    total $3,517 · program services $4,100 · management and general -$583

  • 24e · All other expenses

    total $2,058 · program services $8,105 · management and general -$6,047

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $527,009 · end of year $1,026,936

  • 2 · Savings and temporary cash investments

    beginning of year $1,119,513 · end of year $1,119,210

  • 4 · Accounts receivable

    beginning of year $38,496 · end of year $31,523

  • 7 · Other notes and loans receivable

    beginning of year $255,833 · end of year $258,333

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,487 · end of year $8,586

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

    $1,629,379

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

    $233,819

  • 10c · Land, buildings and equipment, net

    beginning of year $1,387,867 · end of year $1,395,560

  • 15 · Other assets

    beginning of year $6,328,650 · end of year $6,329,502

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,016 · end of year $23,549

  • 19 · Deferred revenue

    beginning of year $41,091 · end of year $611,391

  • 25 · Other liabilities

    beginning of year $47,534 · end of year $69,882

  • 27 · Net assets without donor restrictions

    beginning of year $8,747,332 · end of year $8,582,562

  • 28 · Net assets with donor restrictions

    beginning of year $801,882 · end of year $882,266

Mission and programs · 2022

Mission

Anchorage Community Land Trust strives to develop healthy and prosperous communities in Anchorage by acquiring, developing, and planning for the land and projects necessary to bring about sustainable neighborhood revitalization and economic development.

  • Economic Development - Includes all projects intended to promote and improve qualtiy of life through the development of jobs and economic prospects within Anchorage.

    Expenses $640,838

  • Real Estate - Includes all projects and costs associated with the various real estate projects of the organization.

    Expenses $59,021 · Revenue $14,181

  • Community Development - Includes all projects intended to promote and impore quality of life through the development of arts and culture within Anchorage.

    Expenses $41,643

As filed on the 2022 return.

Listed in Part VII

  • Kirk Rose

    CEO

    Total calculated
    $142,897
    From this org
    $131,800
    From related orgs
    $0
    Other
    $11,097
    Hours/week
    40

  • Barry Evans

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Judith Crotty

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Lori McCaffrey

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • LeeAnn Garrick

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Lucy Hansen

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jon Bittner

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Pam Kauvieyakul

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Gary Scott

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Katie Kavanaugh

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Kirsten Halpin

    Treasurer

    Total calculated
    $0
    Hours/week
    1

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.

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.

  • ACLT P1 Inc

    501C2 · Property Operations · AK · controlled entity

    Directly controlled by ACLT

  • ACLT P2 Inc

    501C2 · Property Operations · AK · controlled entity

    Directly controlled by ACLT

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ACLT Properties 1 LLC

    Property Operations · AK

    Directly controlled by ACLT

  • ACLT P3 LLC

    Property Operations · AK

    Directly controlled by ACLT

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313199349327931

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