Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $53,858,198

• 1f · All other contributions, gifts and grants

  $321,912

• 2a · Program service revenue: Acct and Computer Service

  total $1,461,686 · related or exempt $1,461,686

• 2b · Program service revenue: Management and Administra

  total $4,908,042 · related or exempt $4,594,801 · unrelated business $313,241

• 2c · Program service revenue: Patient Fees

  total $11,313,521 · related or exempt $11,313,521

• 3 · Investment income

  total $2,004,221 · excluded $2,004,221

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

  total $0

• 5 · Royalties

  total $0

• 6a · Gross rents

  real property $922,223

• 6b · Less rental expenses

  real property $508,542

• 6c · Rental income or loss

  real property $413,681

• 6d · Net rental income or loss

  total $413,681 · unrelated business -$86,277 · excluded $499,958

• 7a · Gross sales of assets other than inventory

  other assets $30,435

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

  other assets $30,435

• 7d · Net gain or loss

  total $0

• 8a · Fundraising events: gross income

  $97,251

• 8b · Fundraising events: direct expenses

  $137,670

• 8c · Net income from fundraising events

  total -$40,419 · excluded -$40,419

• 9c · Net income from gaming

  total $0

• 10c · Net income from sales of inventory

  total $0

• 11e · Other revenue, total

  -$1,833,743

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $6,641,134 · program services $6,641,134

• 2 · Grants to domestic individuals

  total $10,942,028 · program services $10,942,028

• 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 $3,605,224 · program services $2,329,329 · management and general $1,275,895

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $19,204,787 · program services $11,734,680 · management and general $7,470,107

• 8 · Pension plan contributions

  total $2,160,275 · program services $1,491,249 · management and general $669,026

• 9 · Other employee benefits

  total $8,068,707 · program services $5,901,596 · management and general $2,167,111

• 10 · Payroll taxes

  total $2,502,686 · program services $1,506,566 · management and general $996,120

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $0

• 11c · Fees: accounting

  total $311,282 · program services $107,200 · management and general $204,082

• 11d · Fees: lobbying

  total $120,450 · program services $142 · management and general $120,308

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $10,167,316 · program services $8,340,183 · management and general $1,827,133

• 12 · Advertising and promotion

  total $81,935 · program services $42,359 · management and general $39,576

• 13 · Office expenses

  total $982,798 · program services $839,924 · management and general $142,874

• 14 · Information technology

  total $0

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $889,569 · program services $889,539 · management and general $30

• 17 · Travel

  total $529,809 · program services $314,014 · management and general $215,795

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $0

• 20 · Interest

  total $686,143 · program services $686,143

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $2,902,780 · program services $2,888,923 · management and general $13,857

• 23 · Insurance

  total $920,569 · program services $694,172 · management and general $226,397

• 24a · Other expenses: Bad Debt

  total $2,010,227 · program services $2,010,227

• 24b · Other expenses: Board Relations

  total $493,100 · program services $1,450 · management and general $491,650

• 24c · Other expenses: Dues and Subscriptions

  total $373,268 · program services $65,947 · management and general $307,321

• 24d · Other expenses: Equipment

  total $369,282 · program services $347,158 · management and general $22,124

• 24e · All other expenses

  total $555,061 · program services $856,541 · management and general -$301,480

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $71,891 · end of year $507,262

• 2 · Savings and temporary cash investments

  beginning of year $60,135,450 · end of year $61,293,563

• 3 · Pledges and grants receivable

  beginning of year $4,949,829 · end of year $2,999,554

• 4 · Accounts receivable

  beginning of year $1,087,228 · end of year $536,261

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  end of year $0

• 8 · Inventories for sale or use

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $793,189 · end of year $716,976

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

  $75,780,393

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

  $19,413,205

• 10c · Land, buildings and equipment, net

  beginning of year $56,061,953 · end of year $56,367,188

• 11 · Investments: publicly traded securities

  end of year $0

• 12 · Investments: other securities

  beginning of year $15,575,955 · end of year $10,932,849

• 13 · Investments: program-related

  end of year $0

• 14 · Intangible assets

  end of year $0

• 15 · Other assets

  beginning of year $411,413 · end of year $207,253

• 17 · Accounts payable and accrued expenses

  beginning of year $6,142,345 · end of year $7,370,331

• 19 · Deferred revenue

  beginning of year $2,639,117 · end of year $854,292

• 20 · Tax-exempt bond liabilities

  beginning of year $9,319,706 · end of year $7,651,682

• 23 · Secured mortgages and notes payable

  beginning of year $9,345,433 · end of year $7,398,895

• 25 · Other liabilities

  beginning of year $1,496,480 · end of year $2,078,819

• 27 · Net assets without donor restrictions

  beginning of year $58,525,150 · end of year $59,549,972

• 28 · Net assets with donor restrictions

  beginning of year $51,618,677 · end of year $48,656,915

The filer's explanations (Part III)

Part I, Line 1a: Relevant information in regards to selections on 1a.

First class travel is booked on an as needed basis, for very long flights or flights which require the employee to be performing their duties soon after arrival with no off duty time in between or as medically necessary.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Anchorage Opportunity Fund LLC

  Unrelated · Asset Mgmt. · AK · 2.5% owned · share of income -$45 · share of assets $15,067

• Baxter Senior Living LLC

  Unrelated · Investment · AK · 5% owned · share of income -$6,908 · share of assets $88,573

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Cook Inlet Region Inc

  C corp · Energy and Re · AK

• CITC Enterprises Inc

  C Corp · Investments · AK · 100% owned · controlled entity