Totals
- Total revenue
- $14,025,803
- Total expenses
- $13,835,202
- Contributions and grants received
- $54,249
- Grants paid
- $0
- Program service revenue
- $13,813,829
- Investment income
- $0
- Other revenue
- $157,725
- Total assets, end of year
- $12,418,078
- Total liabilities, end of year
- $113,016
- Net assets or fund balances, end of year
- $12,305,062
- Program services expenses (Part IX)
- $11,109,123
- Management and general expenses
- $2,726,079
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $11,109,123
Program services were 80.3% 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)
$49,780
-
1f · All other contributions, gifts and grants
$4,469
-
2a · Program service revenue: Enclave Contracts
total $8,549,830 · related or exempt $8,549,830
-
2b · Program service revenue: Home and Comm. Service
total $5,263,999 · related or exempt $5,263,999
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Revenue
total $157,725 · related or exempt $157,725
-
11e · Other revenue, total
$157,725
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 $415,216 · program services $333,402 · management and general $81,814
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $7,954,595 · program services $6,387,227 · management and general $1,567,368
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $2,369,465 · program services $1,902,587 · management and general $466,878
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $852,520 · program services $684,540 · management and general $167,980
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $390,652 · program services $313,678 · management and general $76,974
-
17 · Travel
total $63,705 · program services $51,153 · management and general $12,552
-
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 $115,920 · program services $93,079 · management and general $22,841
-
23 · Insurance
total $0
-
24a · Other expenses: Program Operating
total $1,068,118 · program services $857,657 · management and general $210,461
-
24b · Other expenses: Miscellaneous
total $396,918 · program services $318,709 · management and general $78,209
-
24c · Other expenses: Equipment
total $166,668 · program services $133,828 · management and general $32,840
-
24d · Other expenses: Supplies
total $21,135 · program services $16,971 · management and general $4,164
-
24e · All other expenses
total $20,290 · program services $16,292 · management and general $3,998
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,627,689 · end of year $3,082,929
-
2 · Savings and temporary cash investments
beginning of year $9,519 · end of year $82,357
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $632,125 · end of year $1,435,549
-
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
beginning of year $93,469 · end of year $109,928
-
9 · Prepaid expenses and deferred charges
beginning of year $369,667 · end of year $343,398
-
10a · Land, buildings and equipment: cost or other basis
$1,625,506
-
10b · Land, buildings and equipment: accumulated depreciation
$294,286
-
10c · Land, buildings and equipment, net
beginning of year $1,364,680 · end of year $1,331,220
-
11 · Investments: publicly traded securities
beginning of year $6,077,948 · end of year $6,032,697
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $31,269 · end of year $113,016
-
27 · Net assets without donor restrictions
beginning of year $12,143,829 · end of year $12,305,062
Mission and programs · 2022
Mission
Assets, Inc. (the Organization) is a not-for-profit corporation organized for the purpose of providing services that promote the independence of Anchorage area individuals who, due to the nature and severity of their disabilities, need support to live and work in the community. The company provides vocational training, supported living, and employment services conductive to this purpose, including assessment, community employment, and ongoing support services.
-
Contract Services - Assets has achieved the employment of approximately 150 individuals with cognitive or intellectual disabilities by directly employing persons with disabilities to provide the operations of several federal, state, and private contracts the organization operates within the community.
Expenses $6,696,701 · Revenue $9,275,721
-
Supported Living Services - skill building, coaching, and resource coordination to assist individuals to live in their own homes.
Expenses $3,862,517 · Revenue $3,658,750
-
Supported Employment - assists individuals to obtain and retain employment within local businesses. Currently works with over 40 local employers.
Expenses $549,905 · Revenue $391,292
As filed on the 2022 return.
Listed in Part VII
-
Matthew Jones
CEO
- Total calculated
- $162,750
- From this org
- $155,000
- From related orgs
- $0
- Other
- $7,750
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $7,750
- Filer's total
- $162,750
-
Chuck Almasy
COO
- Total calculated
- $150,157
- From this org
- $133,961
- From related orgs
- $0
- Other
- $16,196
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $133,961
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $16,196
- Filer's total
- $150,157
-
Martha J Romero
Director of Behavi
- Total calculated
- $133,198
- From this org
- $123,836
- From related orgs
- $0
- Other
- $9,362
- Hours/week
- 40
-
Renee Behrendt
Finance Dir
- Total calculated
- $81,954
- From this org
- $79,110
- From related orgs
- $0
- Other
- $2,844
- Hours/week
- 40
-
Travers Gee
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Wallace Jenkins
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Brenda Duty
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Faith Meyers
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Micheal Ashmore
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Gina Bastian
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Kelly Clouser
Board Member
- 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. 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 · Independent compensation consultant
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441349349307819
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