Alaska State Chamber Of Commerce
- Assets
- $924.8k
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Anchorage, AK
- Founding
- 10/1964
- Data as of
- 12/2021
- EIN
- 92-0026812
Organization Overview
Alaska State Chamber Of Commerce is located in Anchorage, AK. The organization was established in 1964. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Alaska State Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska State Chamber Of Commerce is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Alaska State Chamber Of Commerce generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 17.2% 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.
Since 2021, Alaska State Chamber Of Commerce has awarded 27 individual grants totaling $1,004,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE A HEALTHY BUSINESS ENVIRONMENT IN ALASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER ENGAGED IN A $2 MILLION VACCINATION INCENTIVE PROGRAM THAT HAS STATEWIDE REACH AND IMPACT. THE PROGRAM COMPRISED OF TWO PHASES. PHASE 1 WAS DISTRUBITING $1 MILLION TO DOZENS OF LOCAL CHAMBERS OF COMMERCE AND OTHER NON-PROFITS TO OFFER REGIONAL SPECIFIC INCENTIVES TO THEIR COMMUNITY MEMBERS TO GET VACCINATED AGAIN COVID 19. PHASE 2 WAS A STATEWIDE VACCINATION SWEEPSTAKES THAT PROVIDED NINE WEEKLY DRAWINGS OF $49K IN CASH FOR ADULTS AND $49K IN SCHOLARSHIPS FOR YOUTH FOR NEWLY AND PREVIOUSLY VACCINATED ALASKANS.
EVENTS. OUR IN-PERSON AND VIRTUAL EVENTS ARE USED TO FURTHER INFORM OUR MEMBERSHIP AND THE BROADER PUBLIC ABOUT POLICY ISSUES IMPACTING THE BUSINESS COMMUNITY THROUGHOUT ALASKA AS WELL AS PROVIDE IMPORTANT UPDATES ON ECONOMIC ACTIVITY, OPPORTUNITIES, AND CHALLENGES IN OUR CURRENT LANDSCAPE.
COMMUNICATIONS: AS A STATEWIDE ORGANIZATION WITH MEMBERS SCATTERED IN COMMUNITIES ACROSS THE GREAT STATE OF ALASKA, COMMUNICATIONS IS CRUCIAL TO OUR SUCCESS. WITH A PRINTED MEMBERSHIP DIRECTORY, QUARTERLY NEWSLETTER, LEGISLATIVE PRIORITIES BROCHURE AND ELECTRONIC METHODS FOR OUR CAPITAL NOTES, E-NEWS BULLETINS, AS WELL AS OUR WEBSITE AND RELATED FUNCTIONS CONTAINED THEREIN, WE USE A MULTITUDE OF MEDIA METHODS TO SHARE INFORMATION WITH OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kati Capozzi President & CEO | Officer | 40 | $147,442 |
Wendell Harren Board Member | OfficerTrustee | 1 | $0 |
Mike Satre Chairman | OfficerTrustee | 1 | $0 |
Portia Babcock Board Member | Trustee | 1 | $0 |
Cory Baggen Board Member | Trustee | 1 | $0 |
Joe Balash Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $164,375 |
| Related organizations | $0 |
| Government grants | $2,284,863 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,305 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,557,543 |
| Total Program Service Revenue | $371,252 |
| Investment income | $2,312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,351 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,986,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,004,100 |
| Grants and other assistance to domestic individuals. | $962,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $163,551 |
| Compensation of current officers, directors, key employees. | $112,102 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $251,162 |
| Pension plan accruals and contributions | $8,177 |
| Other employee benefits | $45,685 |
| Payroll taxes | $32,050 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,645 |
| Fees for services: Accounting | $21,611 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,811 |
| Advertising and promotion | $80,120 |
| Office expenses | $2,845 |
| Information technology | $31,184 |
| Royalties | $0 |
| Occupancy | $57,586 |
| Travel | $19,832 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,249 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,264 |
| Insurance | $4,199 |
| All other expenses | -$48,517 |
| Total functional expenses | $2,911,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,550 |
| Savings and temporary cash investments | $241,458 |
| Pledges and grants receivable | $42,000 |
| Accounts receivable, net | $82,225 |
| 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 | $27,205 |
| Net Land, buildings, and equipment | $8,393 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $924,831 |
| Accounts payable and accrued expenses | $59,461 |
| Grants payable | $0 |
| Deferred revenue | $257,613 |
| 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 | $166,572 |
| Total liabilities | $483,646 |
| Net assets without donor restrictions | $441,185 |
| 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 | $924,831 |
Grants Awarded
Over the last fiscal year, Alaska State Chamber Of Commerce has awarded $1,004,100 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
Fairbanks, AK PURPOSE: Sleeves up for Summer Grant | $76,473 |
Sitka, AK PURPOSE: Sleeves up for Summer Grant | $70,000 |
Anchorage, AK PURPOSE: Sleeves up for Summer Grant | $68,000 |
Klawock, AK PURPOSE: Sleeves up for Summer Grant | $67,000 |
Kotzebue, AK PURPOSE: Sleeves up for Summer Grant | $59,000 |
Homer, AK PURPOSE: Sleeves up for Summer Grant | $49,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alaska State Chamber Of Commerce has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Us Chamber Of Commerce Foundation Washington, DC PURPOSE: Grant to promote a report on childcare costs and economic impact in AK. | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Washington Business Olympia, WA | $45,170,529 | $11,595,511 |
Master Builders Association Of King And Snohomish Counties Bellevue, WA | $50,140,289 | $12,586,024 |
Greater Seattle Chamber Of Commerce Seattle, WA | $24,652,320 | $11,051,510 |
Wafla Lacey, WA | $11,233,432 | $9,712,213 |
Cloud Security Alliance Seattle, WA | $2,184,209 | $7,501,153 |
Archbright Seattle, WA | $17,744,548 | $6,553,314 |
Associated General Contractors Of Washington Seattle, WA | $55,149,734 | $7,565,354 |
Merchant Risk Council Inc Seattle, WA | $6,892,922 | $3,889,563 |
Spokane Regional Chamber Of Commerce Spokane, WA | $2,334,125 | $4,049,802 |
Washington Tourism Alliance Seattle, WA | $3,846,718 | $5,068,269 |
Association Of Genuine Alaska Pollock Producers Seattle, WA | $3,606,525 | $3,582,021 |
Fiber Broadband Association Spokane, WA | $2,502,947 | $3,278,475 |