Alaska Rural Rehabilitation Corporation
- Assets
- $5.3m
- Revenue
- $235.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Palmer, AK
- Founding
- 09/1936
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Alaska Rural Rehabilitation Corporation generated $235.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $201.5k during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 7 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
2022
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Sunderland Executive Di | OfficerTrustee | 40 | $53,062 |
Ben Vanderweele President | OfficerTrustee | 1 | $300 |
Barbara Beckage Vp, Executiv | OfficerTrustee | 40 | $300 |
Pete Probasco Secretary | OfficerTrustee | 1 | $300 |
Troy Sheldon Treasurer | OfficerTrustee | 1 | $300 |
Paul Dombroski Director | Trustee | 1 | $300 |
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 | $1,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500 |
| Total Program Service Revenue | $233,179 |
| Investment income | $1,051 |
| 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 | $235,730 |
| 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. | $64,028 |
| Compensation of current officers, directors, key employees. | $33,239 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,056 |
| Pension plan accruals and contributions | $1,087 |
| Other employee benefits | $7,836 |
| Payroll taxes | $9,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $425 |
| Advertising and promotion | $1,714 |
| Office expenses | $9,755 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,269 |
| Travel | $1,562 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $415 |
| Payments to affiliates | $150 |
| Depreciation, depletion, and amortization | $10,285 |
| Insurance | $9,834 |
| All other expenses | $0 |
| Total functional expenses | $201,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $667,144 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $393,755 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,151,007 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $129,515 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,341,471 |
| Accounts payable and accrued expenses | $3,342 |
| 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 | $3,342 |
| Net assets without donor restrictions | $5,338,129 |
| 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 | $5,341,471 |
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