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Nonprofiteer
← ALASKA RURAL REHABILITATION CORPORATION

Form 990 for tax year 2024

Filed by ALASKA RURAL REHABILITATION CORPORATION.

Totals

Total revenue
$289,750
Total expenses
$179,424
Contributions and grants received
$806
Grants paid
$6,750
Program service revenue
$246,635
Investment income
$42,309
Other revenue
$0
Total assets, end of year
$5,588,121
Total liabilities, end of year
$3,258
Net assets or fund balances, end of year
$5,584,863
Program services expenses (Part IX)
$43,969
Management and general expenses
$135,455
Fundraising expenses
$0
Program service expenses (Part III)
$43,969

Program services were 24.5% 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

    $806

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

    total $235,773 · related or exempt $235,773

  • 2b · Program service revenue: LOAN FEES

    total $10,138 · related or exempt $10,138

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

    total $724 · related or exempt $724

  • 3 · Investment income

    total $42,309 · excluded $42,309

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $250 · program services $250

  • 2 · Grants to domestic individuals

    total $6,500 · program services $6,500

  • 5 · Compensation of officers, directors and key employees

    total $94,877 · program services $22,468 · management and general $72,409

  • 10 · Payroll taxes

    total $8,133 · program services $1,952 · management and general $6,181

  • 11c · Fees: accounting

    total $10,200 · management and general $10,200

  • 12 · Advertising and promotion

    total $1,151 · management and general $1,151

  • 13 · Office expenses

    total $6,078 · program services $3,214 · management and general $2,864

  • 14 · Information technology

    total $5,105 · management and general $5,105

  • 16 · Occupancy

    total $14,662 · management and general $14,662

  • 17 · Travel

    total $4,957 · program services $4,324 · management and general $633

  • 19 · Conferences, conventions and meetings

    total $107 · management and general $107

  • 22 · Depreciation, depletion and amortization

    total $4,852 · program services $970 · management and general $3,882

  • 23 · Insurance

    total $15,317 · program services $3,991 · management and general $11,326

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

    total $6,315 · management and general $6,315

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $679 · program services $300 · management and general $379

  • 24c · Other expenses: TAXES AND LICENSES

    total $241 · management and general $241

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 $1,634,410 · end of year $898,541

  • 5 · Loans and receivables from officers and key people

    beginning of year $272,914 · end of year $269,783

  • 7 · Other notes and loans receivable

    beginning of year $3,464,496 · end of year $3,604,854

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

    $386,652

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

    $280,735

  • 10c · Land, buildings and equipment, net

    beginning of year $110,769 · end of year $105,917

  • 11 · Investments: publicly traded securities

    end of year $708,976

  • 17 · Accounts payable and accrued expenses

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

  • 27 · Net assets without donor restrictions

    beginning of year $5,474,537 · end of year $5,584,863

Mission and programs · 2024

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 $43,969 · Grants $6,750 · Revenue $246,635

As filed on the 2024 return.

Listed in Part VII

  • Barbara Beckage

    MANAGER

    Total calculated
    $63,376
    From this org
    $61,530
    From related orgs
    $0
    Other
    $1,846
    Hours/week
    40

  • Nicole Dixon

    MANAGER

    Total calculated
    $36,662
    From this org
    $35,594
    From related orgs
    $0
    Other
    $1,068
    Hours/week
    40

  • Ben Vanderweele

    PRESIDENT

    Total calculated
    $400
    From this org
    $400
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Troy Sheldon

    VICE PRESIDE

    Total calculated
    $400
    From this org
    $400
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Paul Dombroski

    TREASURER

    Total calculated
    $400
    From this org
    $400
    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
    $400
    From this org
    $400
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Julia Mugrage

    DIRECTOR

    Total calculated
    $150
    From this org
    $150
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • John Depriest

    DIRECTOR

    Total calculated
    $400
    From this org
    $400
    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
2024
Filed
26 November 2025
IRS schema version
2024v5.0
Source object
202533519349300108

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