Northern Culture Exchange
- Assets
- $234.7k
- Revenue
- $269.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 45-5266934
Organization Overview
Northern Culture Exchange is located in Anchorage, AK. The organization was established in 2014. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Culture Exchange is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Northern Culture Exchange generated $269.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.6% each year . All expenses for the organization totaled $167.7k during the year ending 12/2021. While expenses have increased by 32.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND PROMOTE CROSS CULTURAL COLLABORATIONS COMMUNITY AWARENESS OF ART AND PROFESSIONAL DEVELOPMENT FOR ARTISTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALASKA INDEPENDENT MUSICIANS INITIATIVE - DEVELOPS, BRANDS AND EXPORTS ALASKAN MUSIC. SERVES ABOUT 60 ARTISTS.
SPENARD JAZZ FEST - PROVIDES PLATFORM FOR ALASKAN COMPOSERS AND PERFORMERS IN JAZZ AND CONTEMPORARY MUSIC. ANNUAL FESTIVAL AND MONTHLY MUSIC EVENTS. SERVES ABOUT 100 ARTISTS AND THOUSANDS OF AUDIENCE MEMBERS.
AMPLIFY ALASKA - PROVIDES A VIRTUAL PLATFORM FOR ALASKAN ARTISTS TO CONNECT WITH AUDIENCES - SERVING ROUGHLY 50 ARTISTS AND THOUSANDS OF LISTENERS/VIEWERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yngvil Vatn Guttu Secretary And Ed | OfficerTrustee | 1 | $0 |
Marieke Heatwole Treasurervice Chair | OfficerTrustee | 1 | $0 |
Anne Beesley Chair | OfficerTrustee | 3 | $0 |
Michael Dickerson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,597 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $143,556 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,527 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,680 |
| Total Program Service Revenue | $16,672 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$788 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $269,564 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $42,617 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,992 |
| Advertising and promotion | $22,033 |
| Office expenses | $2,145 |
| Information technology | $3,951 |
| Royalties | $9,000 |
| Occupancy | $2,750 |
| Travel | $4,159 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $309 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,035 |
| All other expenses | $605 |
| Total functional expenses | $167,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,726 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $234,726 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $220,474 |
| Net assets with donor restrictions | $14,252 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $234,726 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Northern Culture Exchange has recieved totaling $75,200.
| Awarding Organization | Amount |
|---|---|
Atwood Foundation Incorporated Anchorage, AK PURPOSE: GENERAL SUPORT | $60,000 |
Atwood Foundation Incorporated Anchorage, AK PURPOSE: AMPLIFY ALASKA INAUGURAL SPRING SEASON | $15,000 |
Rasmuson Foundation Anchorage, AK PURPOSE: AMPLIFY ALASKA | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goldbelt Heritage Foundation Juneau, AK | $678,169 | $2,466,525 |
Centrocultural Mexicano Redmond, WA | $1,206,257 | $2,680,609 |
Path With Art Seattle, WA | $2,031,532 | $2,438,156 |
Asia-Northwest Cultural Education Association Tacoma, WA | $252,423 | $1,459,616 |
Ingersoll Gender Center Seattle, WA | $863,153 | $449,154 |
Northwest Folklife Seattle, WA | $1,273,751 | $1,146,546 |
The Vera Project Seattle, WA | $942,628 | $1,094,389 |
Saint Luke Productions Battle Ground, WA | $1,298,746 | $1,892,714 |
Terrain Programs Spokane, WA | $636,591 | $1,201,482 |
Kirkland Arts Center Kirkland, WA | $771,531 | $769,023 |
Not An Alternative Inc Vashon, WA | $764,959 | $755,874 |
Wenatchee River Institute Leavenworth, WA | $5,684,640 | $1,273,355 |