Institute Of The North
- Assets
- $467.6k
- Revenue
- $416.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Anchorage, AK
- Founding
- 01/2005
- Data as of
- 06/2022
- EIN
- 75-3155877
Organization Overview
Institute Of The North is located in Anchorage, AK. The organization was established in 2005. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of The North 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 06/2022, Institute Of The North generated $416.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $338.3k during the year ending 06/2022. While expenses have increased by 3.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INFORM PUBLIC POLICY AND CULTIVATE AN ENGAGED CITIZENRY CONSISTENT WITH OUR FOCUS ON THE NORTH AND OUR BELIEF THAT COMMONLY-OWNED RESOURCES SHOULD BE DEVELOPED AND MANAGED FOR INDIVIDUAL AND COMMUNITY PROSPERITY.
Describe the Organization's Program Activity:
EDUCATION SERVICES: LAND MANAGEMENT TRAINING FOR OVER 100 FEDERAL, STATE, AND PRIVATE SECTOR EMPLOYEES ANNUALLY.YOUTH FELLOWSHIP: MENTORSHIP OF 21 YOUTH FROM USA, CANADA, AND GREENLAND ON SUSTAINABLE NATURAL RESOURCE MANAGEMENT IN THE ARTIC.DEVELOPMENT ASSISTANCE: CONSULTATION WITH DEVELOPING NATIONS ON RESOURCE MANAGEMENT APPROACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Isaacs Chair | OfficerTrustee | 2 | $0 |
Chris Rose Secretary | OfficerTrustee | 2 | $0 |
Ira Perman Treasurer | OfficerTrustee | 2 | $0 |
Scott Kendall Member | Trustee | 2 | $0 |
Thomas Barrett Admiral Ret Member | Trustee | 2 | $0 |
Gail Schubert Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,039 |
| Investment income | $56 |
| 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 | $15,140 |
| Net Income from Sales of Inventory | $598 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $416,269 |
| Statement of Expenses | |
|---|---|
| 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. | $136,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,331 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,023 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,746 |
| Advertising and promotion | $0 |
| Office expenses | $16,621 |
| Information technology | $500 |
| Royalties | $0 |
| Occupancy | $16,668 |
| Travel | $1,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,180 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,118 |
| All other expenses | $0 |
| Total functional expenses | $338,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,250 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $273,433 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,417 |
| Prepaid expenses and deferred charges | $5,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,351 |
| Total assets | $467,602 |
| Accounts payable and accrued expenses | $20,088 |
| Grants payable | $0 |
| Deferred revenue | $30,000 |
| 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 | $677 |
| Total liabilities | $50,765 |
| Net assets without donor restrictions | $416,837 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $416,837 |
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