Alaska Rural Rehabilitation Corporation
- Assets
- $5.4m
- Revenue
- $240.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Palmer, AK
- Founding
- 09/1936
- Data as of
- 06/2023
- EIN
- 92-0022244
Organization Overview
Alaska Rural Rehabilitation Corporation is located in Palmer, AK. The organization was established in 1936. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. As of 06/2023, Alaska Rural Rehabilitation Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Rural Rehabilitation Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2023, Alaska Rural Rehabilitation Corporation generated $240.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $167.6k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ARRC IS A NON-PROFIT DEDICATED TO ASSISTING INDIVIDUALS ENGAGED IN FARMING BY OFFERING LOANS AT REASONABLE RATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARRC PROVIDES FINANCING TO AGRIBUSINESS AND COMMERCIAL FISHING CUSTOMERS THROUGHOUT THE STATE OF ALASKA AT INTEREST RATES LESS THAN RATES AVAILABLE FROM TRADITIONAL COMMERCIAL LENDING INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Beckage Executive Di | OfficerTrustee | 40 | $42,338 |
Katie Sunderland Outgoing Ex | OfficerTrustee | 40 | $15,980 |
Ben Vanderweele President | OfficerTrustee | 1 | $300 |
Troy Sheldon Vice Preside | OfficerTrustee | 1 | $300 |
Paul Dombroski Treasurer | OfficerTrustee | 1 | $300 |
Matthew Beck Secretary | OfficerTrustee | 1 | $150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,000 |
| Total Program Service Revenue | $227,692 |
| Investment income | $7,519 |
| 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 | $240,078 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $450 |
| Grants and other assistance to domestic individuals. | $8,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,263 |
| Compensation of current officers, directors, key employees. | $37,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,737 |
| Pension plan accruals and contributions | $2,495 |
| Other employee benefits | $757 |
| Payroll taxes | $7,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $819 |
| Office expenses | $9,795 |
| Information technology | $8,447 |
| Royalties | $0 |
| Occupancy | $4,304 |
| Travel | $5,591 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $150 |
| Depreciation, depletion, and amortization | $9,544 |
| Insurance | $9,062 |
| All other expenses | $0 |
| Total functional expenses | $167,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $1,277,745 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $421,013 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,595,087 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $119,971 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,413,866 |
| Accounts payable and accrued expenses | $3,258 |
| 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 | $3,258 |
| Net assets without donor restrictions | $5,410,608 |
| 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 | $5,413,866 |