Mat-Su 2024 Arctic Winter Games Host Society
- Assets
- $1.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Palmer, AK
- Founding
- Data as of
- 12/2022
- EIN
- 87-0870448
Organization Overview
Mat-Su 2024 Arctic Winter Games Host Society is located in Palmer, AK. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Mat-Su 2024 Arctic Winter Games Host Society employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mat-Su 2024 Arctic Winter Games Host Society 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 12/2022, Mat-Su 2024 Arctic Winter Games Host Society generated $2.3m in total revenue. All expenses for the organization totaled $597.8k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MAT-SU ARCTIC WINTER GAMES ARE COMING TO ALASKA THE MAT-SU ARCTIC WINTER GAMES HOST SOCIETY WAS FORMED AFTER THE BID WAS AWARDED BY THE ARCTIC WINTER GAMES INTERNATIONAL COMMITTEE TO HOST THE GAMES IN THE REGION. THE MAT-SU 2024 ARCTIC WINTER GAMES WILL UNITE AND CELEBRATE OUR COMMUNITY WHILE CONNECTING US TO OUR NORTHERN NEIGHBORS. OUR MISSION IS TO SHARE THE SPIRIT AND BEAUTY OF THE MAT-SU BY HOSTING A WORLD-CLASS EVENT THAT PROMOTES HEALTHY RECREATIONAL ACTIVITIES AND EMPOWERS FUTURE LEADERS THROUGH SPORT AND CULTURE. OUR VALUES ARE ROOTED IN OUR CALL TO ACTION RISING STRONG AFTER SEVERAL CHALLENGING YEARS, WE LOOK FORWARD TO GATHERING AS A COMMUNITY AND CELEBRATING OUR VALUES WHICH INCLUDE; RESILIENCE, INCLUSIVITY, STRENGTH, AND EXCELLENCE. RISE WITH US
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A SAFE AND EFFECTIVE ENVIRONMENT FOR THE CONDUCT OF THE 2024 ARCTIC WINTER GAMES TO BE HELD IN THE MATANUSKA SUSITNA VALLEY. PROVIDE FOR THE HOUSING, TRANSPORTATION, AND FEEDING OF PARTICIPANTS AS WELL AS ESTABLISHING AND MAINTAINING THE REQUIRED VENUES FOR THE SPORTING EVENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Odegard Director | Trustee | 2 | $46,539 |
Johnathan Babbitt Director | Trustee | 2 | $0 |
Leda Borys Vice Chair | OfficerTrustee | 2 | $0 |
Maija Disalvo Treasurer | OfficerTrustee | 2 | $0 |
Trent Farris Director | Trustee | 2 | $0 |
Colin Fay Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,275,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,031 |
| Noncash contributions included in lines 1a–1f | $1,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,299,031 |
| Total Program Service Revenue | $1,190 |
| Investment income | $316 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,300,537 |
| 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 | $189,057 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,811 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,260 |
| Fees for services: Accounting | $15,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,674 |
| Advertising and promotion | $63,561 |
| Office expenses | $6,778 |
| Information technology | $30,185 |
| Royalties | $0 |
| Occupancy | $29,933 |
| Travel | $35,181 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,275 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,077 |
| Insurance | $13,178 |
| All other expenses | $8,287 |
| Total functional expenses | $597,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,898,778 |
| Savings and temporary cash investments | $25 |
| 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 | $22,941 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,300 |
| Total assets | $1,929,044 |
| Accounts payable and accrued expenses | $268 |
| 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 | $906 |
| Total liabilities | $1,174 |
| Net assets without donor restrictions | $1,927,870 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,929,044 |