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Nonprofiteer
← ALASKA RURAL REHABILITATION CORPORATION

Form 990 for tax year 2023

Filed by ALASKA RURAL REHABILITATION CORPORATION.

Totals

Total revenue
$254,374
Total expenses
$190,445
Contributions and grants received
$1,500
Grants paid
$4,498
Program service revenue
$219,090
Investment income
$32,841
Other revenue
$943
Total assets, end of year
$5,482,639
Total liabilities, end of year
$8,102
Net assets or fund balances, end of year
$5,474,537
Program services expenses (Part IX)
$41,022
Management and general expenses
$149,423
Fundraising expenses
$0
Program service expenses (Part III)
$41,022

Program services were 21.5% 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.

  • 1f · All other contributions, gifts and grants

    $1,500

  • 2a · Program service revenue: INTEREST ON LENDING ACTIVITY

    total $212,573 · related or exempt $212,573

  • 2b · Program service revenue: LOAN FEES

    total $5,472 · related or exempt $5,472

  • 2c · Program service revenue: LOAN LATE PAYMENT FEES

    total $1,045 · related or exempt $1,045

  • 3 · Investment income

    total $32,841 · excluded $32,841

  • 11a · Other revenue: RECONCILIATION ADJUSTMENTS

    total $719 · excluded $719

  • 11b · Other revenue: REFUNDS, REIMBURSEMENTS, FEES

    total $224 · excluded $224

  • 11e · Other revenue, total

    $943

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $498 · program services $498

  • 2 · Grants to domestic individuals

    total $4,000 · program services $4,000

  • 5 · Compensation of officers, directors and key employees

    total $65,133 · program services $13,683 · management and general $51,450

  • 7 · Other salaries and wages

    total $39,400 · program services $8,452 · management and general $30,948

  • 8 · Pension plan contributions

    total $1,036 · program services $501 · management and general $535

  • 10 · Payroll taxes

    total $8,060 · program services $1,784 · management and general $6,276

  • 11c · Fees: accounting

    total $9,700 · management and general $9,700

  • 12 · Advertising and promotion

    total $2,095 · management and general $2,095

  • 13 · Office expenses

    total $10,710 · program services $3,770 · management and general $6,940

  • 14 · Information technology

    total $9,728 · management and general $9,728

  • 16 · Occupancy

    total $5,175 · management and general $5,175

  • 17 · Travel

    total $7,073 · program services $6,494 · management and general $579

  • 22 · Depreciation, depletion and amortization

    total $9,202 · program services $1,840 · management and general $7,362

  • 23 · Insurance

    total $10,033 · management and general $10,033

  • 24a · Other expenses: REPAIRS, MAINT, AUTO

    total $8,386 · management and general $8,386

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $140 · management and general $140

  • 24c · Other expenses: TAXES AND LICENSES

    total $76 · management and general $76

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $50 · end of year $50

  • 2 · Savings and temporary cash investments

    beginning of year $1,277,745 · end of year $1,634,410

  • 5 · Loans and receivables from officers and key people

    beginning of year $421,013 · end of year $272,914

  • 7 · Other notes and loans receivable

    beginning of year $3,595,087 · end of year $3,464,496

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

    $386,652

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

    $275,883

  • 10c · Land, buildings and equipment, net

    beginning of year $119,971 · end of year $110,769

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,258 · end of year $8,102

  • 27 · Net assets without donor restrictions

    beginning of year $5,410,608 · end of year $5,474,537

Mission and programs · 2023

Mission

ARRC IS A NON-PROFIT DEDICATED TO ASSISTING INDIVIDUALS ENGAGED IN FARMING BY OFFERING LOANS AT REASONABLE INTEREST RATES.

  • ARRC PROVIDES FINANCING TO AGRIBUSINESS AND COMMERCIAL FISHING CUSTOMERS THROUGHOUT THE STATE OF ALASKA AT INTEREST RATES LESS THAN RATES AVAILABLE FROM TRADITIONAL COMMERCIAL LENDING INSTITUTIONS.

    Expenses $41,022 · Grants $4,498 · Revenue $219,090

As filed on the 2023 return.

Listed in Part VII

  • Barbara Beckage

    EXECUTIVE DI

    Total calculated
    $58,912
    From this org
    $56,000
    From related orgs
    $0
    Other
    $2,912
    Hours/week
    40

  • Ben Vanderweele

    PRESIDENT

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Troy Sheldon

    VICE PRESIDE

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Paul Dombroski

    TREASURER

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Matthew Beck

    SECRETARY

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Deidre Berberich

    DIRECTOR

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Julia Mugrage

    DIRECTOR

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • John Depriest

    DIRECTOR

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

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.

Provenance

Return type
form_990
Tax year
2023
Filed
23 January 2025
IRS schema version
2023v6.0
Source object
202540249349301144

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