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← ANCHORAGE MUSEUM ASSOCIATION

Form 990 for tax year 2024

Filed by ANCHORAGE MUSEUM ASSOCIATION.

Totals

Total revenue
$13,198,026
Total expenses
$13,093,405
Contributions and grants received
$9,928,988
Grants paid
$0
Program service revenue
$2,161,992
Investment income
$550,760
Other revenue
$556,286
Total assets, end of year
$14,175,388
Total liabilities, end of year
$1,536,313
Net assets or fund balances, end of year
$12,639,075
Program services expenses (Part IX)
$11,020,854
Management and general expenses
$1,213,630
Fundraising expenses
$858,921
Program service expenses (Part III)
$11,020,854

Program services were 84.2% 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.

  • 1b · Membership dues

    $451,325

  • 1c · Fundraising events

    $38,862

  • 1d · Related organizations

    $1,939,287

  • 1e · Government grants (contributions)

    $5,820,303

  • 1f · All other contributions, gifts and grants

    $1,679,211

  • 1g · Noncash contributions included above

    $25,116

  • 2a · Program service revenue: ADMISSIONS

    total $1,929,035 · related or exempt $1,929,035

  • 2b · Program service revenue: SPECIAL PROGRAM REVENUE

    total $232,957 · related or exempt $232,957

  • 3 · Investment income

    total $433,059 · excluded $433,059

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $11,293,745

  • 7b · Less cost or other basis and sales expenses

    securities $11,176,044

  • 7c · Gain or loss

    securities $117,701

  • 7d · Net gain or loss

    total $117,701 · excluded $117,701

  • 8a · Fundraising events: gross income

    $233,390

  • 8a · Fundraising events: contributions included on line 1c

    $38,862

  • 8b · Fundraising events: direct expenses

    $93,773

  • 8c · Net income from fundraising events

    total $139,617 · excluded $139,617

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $662,768

  • 10b · Cost of goods sold

    $500,488

  • 10c · Net income from sales of inventory

    total $162,280 · related or exempt $162,280

  • 11a · Other revenue: NET FACILITIES REVENUE

    total $223,291 · excluded $223,291

  • 11b · Other revenue: OTHER REVENUE

    total $31,098 · excluded $31,098

  • 11e · Other revenue, total

    $254,389

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $605,267 · program services $160,941 · management and general $323,620 · fundraising $120,706

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $4,337,783 · program services $3,486,898 · management and general $372,454 · fundraising $478,431

  • 8 · Pension plan contributions

    total $334,790 · program services $251,527 · management and general $35,180 · fundraising $48,083

  • 9 · Other employee benefits

    total $589,611 · program services $471,745 · management and general $52,728 · fundraising $65,138

  • 10 · Payroll taxes

    total $357,838 · program services $269,756 · management and general $45,715 · fundraising $42,367

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $58,616 · management and general $58,616

  • 11c · Fees: accounting

    total $66,725 · management and general $66,725

  • 11d · Fees: lobbying

    total $20,000 · management and general $20,000

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $767,925 · program services $753,323 · management and general $3,561 · fundraising $11,041

  • 12 · Advertising and promotion

    total $99,331 · program services $97,809 · management and general $1,522

  • 13 · Office expenses

    total $134,785 · program services $115,914 · management and general $18,275 · fundraising $596

  • 14 · Information technology

    total $660,712 · program services $638,675 · management and general $18,365 · fundraising $3,672

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $3,523,785 · program services $3,426,156 · management and general $77,880 · fundraising $19,749

  • 17 · Travel

    total $247,728 · program services $194,645 · management and general $22,942 · fundraising $30,141

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $11,911 · program services $746 · management and general $11,165

  • 24a · Other expenses: EQUIPMENT PURCHASES

    total $651,081 · program services $600,528 · management and general $32,263 · fundraising $18,290

  • 24b · Other expenses: HONORARIA, ARTISTS &STIPENDS

    total $250,798 · program services $250,598 · fundraising $200

  • 24c · Other expenses: CAPITAL EXPENDITURES

    total $179,267 · program services $179,267

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $130,246 · program services $79,055 · management and general $49,041 · fundraising $2,150

  • 24e · All other expenses

    total $65,206 · program services $43,271 · management and general $3,578 · fundraising $18,357

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,930,858 · end of year $3,250,753

  • 2 · Savings and temporary cash investments

    beginning of year $770,331 · end of year $604,060

  • 3 · Pledges and grants receivable

    beginning of year $1,166,507 · end of year $354,085

  • 4 · Accounts receivable

    beginning of year $188,018 · end of year $95,589

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $312,296 · end of year $429,800

  • 9 · Prepaid expenses and deferred charges

    beginning of year $86,901 · end of year $105,643

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $8,337,714 · end of year $9,135,940

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $254,209 · end of year $199,518

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,358,998 · end of year $1,304,397

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $38,361 · end of year $27,693

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $258,482 · end of year $204,223

  • 27 · Net assets without donor restrictions

    beginning of year $10,635,250 · end of year $10,115,576

  • 28 · Net assets with donor restrictions

    beginning of year $1,755,743 · end of year $2,523,499

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

THE ANCHORAGE MUSEUM ASSOCIATION OPERATES THE ANCHORAGE MUSEUM AT RASMUSON CENTER.

  • Exhibit production: Planning, curation, design, fabrication, installation, and presentation of museum exhibits, including corresponding education and public programs. New changing exhibitions opened, as well as maintenance and updates of permanent exhibitions, including the Art of the North Galleries, Alaska exhibition, Arctic studies center, and discovery center.

    Expenses $5,957,244

  • Education and public programs: Preparation and delivery of programs for school groups, teachers, and learners of all ages. Delivery of public programs and community outreach for a wide audience, exploring art, history, science, design, and culture through many perspectives.

    Expenses $2,633,494 · Revenue $268,149

  • Research, Scholarship, and Collections: Acquisition, curation, conservation, and preservation of Museum collection of photographs, archival materials, artwork, and artifacts. Serving as a key research and scholarship center for the study of the North, with fellowships, research programs, and programs that provide access to the collection and knowledge.

    Expenses $1,301,113

  • Visitor Services

    Expenses $949,736 · Revenue $2,056,123

  • CAPITAL EXPENDITURE FOR 2024

    Expenses $179,267

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Julie Decker

    Director/ CEO

    Total calculated
    $402,350
    From this org
    $355,392
    From related orgs
    $0
    Other
    $46,958
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $308,892
    Bonus
    $46,500
    Other
    not reported
    Deferred
    $35,539
    Nontaxable benefits
    $11,419
    Filer's total
    $402,350
  • Kirsten Newby

    Chief Financial Officer

    Total calculated
    $202,917
    From this org
    $174,731
    From related orgs
    $0
    Other
    $28,186
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $169,231
    Bonus
    $5,500
    Other
    not reported
    Deferred
    $17,473
    Nontaxable benefits
    $10,713
    Filer's total
    $202,917
  • Brian Steele

    DD Of Facilities & Operations

    Total calculated
    $158,526
    From this org
    $130,400
    From related orgs
    $0
    Other
    $28,126
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,400
    Bonus
    $1,000
    Other
    not reported
    Deferred
    $13,040
    Nontaxable benefits
    $15,086
    Filer's total
    $158,526
  • Ryan Kenny

    DD & Chief Operating Officer

    Total calculated
    $151,826
    From this org
    $128,019
    From related orgs
    $0
    Other
    $23,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,019
    Bonus
    $1,000
    Other
    not reported
    Deferred
    $12,802
    Nontaxable benefits
    $11,005
    Filer's total
    $151,826
  • Monica Shah

    DD Collections & Conserv.

    Total calculated
    $150,467
    From this org
    $119,731
    From related orgs
    $0
    Other
    $30,736
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,731
    Bonus
    $1,000
    Other
    not reported
    Deferred
    $11,973
    Nontaxable benefits
    $18,763
    Filer's total
    $150,467
  • Ann Hale

    DD of Philanthr. & Endow.

    Total calculated
    $145,999
    From this org
    $132,317
    From related orgs
    $0
    Other
    $13,682
    Hours/week
    40 + 10 related
  • Francesca DuBrock

    Chief Curator

    Total calculated
    $139,572
    From this org
    $117,154
    From related orgs
    $0
    Other
    $22,418
    Hours/week
    40
  • Michael Fredericks

    President

    Total calculated
    $0
    Hours/week
    2 + 0.2 related
  • Carla Beam

    Vice Chair

    Total calculated
    $0
    Hours/week
    2 + 0.1 related
  • Laile Fairbairn

    Secretary

    Total calculated
    $0
    Hours/week
    0.8
  • Peter Boskofsky

    Treasurer

    Total calculated
    $0
    Hours/week
    0.8 + 0.04 related
  • Deanna Nafzger

    Director

    Total calculated
    $0
    Hours/week
    0.8
  • Ryan Webb

    Director

    Total calculated
    $0
    Hours/week
    0.8 + 0.1 related
  • Tim Thompson

    Director

    Total calculated
    $0
    Hours/week
    0.8
  • Jimmy Miner

    Director

    Total calculated
    $0
    Hours/week
    0.8 + 0.04 related
  • Leah Boltz

    Director

    Total calculated
    $0
    Hours/week
    0.8
  • Luke Blomfield

    Director

    Total calculated
    $0
    Hours/week
    0.8

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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349319578

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