Iditarod Trail Committee Inc
- Assets
- $1.8m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Wasilla, AK
- Founding
- 06/1976
- Data as of
- 06/2024
- EIN
- 92-0043991
Organization Overview
Iditarod Trail Committee Inc is located in Wasilla, AK. The organization was established in 1976. As of 06/2024, Iditarod Trail Committee Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iditarod Trail Committee Inc 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 06/2024, Iditarod Trail Committee Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $5.6m during the year ending 06/2024. While expenses have increased by 6.1% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND PRESERVE THE HISTORIC IDITAROD TRAIL.
Describe the Organization's Program Activity:
TO PROMOTE AND PRESERVE THE HISTORIC IDITAROD TRAIL, MOST NOTABLY THROUGH THE ANNUAL STAGING OF A SLED DOG RACE FROM ANCHORAGE TO NOME, ALASKA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Mills President | Trustee | 2 | $0 |
Danny Seybert Vice President | Trustee | 2 | $0 |
Ryan York Treasurer | Trustee | 2 | $0 |
Samantha Beehner Secretary | Trustee | 2 | $0 |
Karen King Board Member | Trustee | 2 | $0 |
Clint Johnson Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $127,456 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,362,067 |
| Noncash contributions included in lines 1a–1f | $1,114,829 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,489,523 |
| Total Program Service Revenue | $2,586,968 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $33,306 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$419,220 |
| Net Income from Gaming Activities | $408,297 |
| Net Income from Sales of Inventory | $302,231 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,449,232 |
| 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 | $728,209 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,070 |
| Payroll taxes | $26,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,248 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $390,968 |
| Advertising and promotion | $64,847 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $426,749 |
| Travel | $265,513 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $709,929 |
| Interest | $24,964 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $188,359 |
| Insurance | $176,972 |
| All other expenses | $622,564 |
| Total functional expenses | $5,595,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $639,565 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $102,883 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $95,789 |
| Prepaid expenses and deferred charges | $22,491 |
| Net Land, buildings, and equipment | $552,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $297,098 |
| Other assets | $56,980 |
| Total assets | $1,767,011 |
| Accounts payable and accrued expenses | $1,127,150 |
| Grants payable | $0 |
| Deferred revenue | $689,906 |
| 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 | $149,900 |
| Unsecured mortgages and notes payable | $263,000 |
| Other liabilities | $64,397 |
| Total liabilities | $2,294,353 |
| Net assets without donor restrictions | -$630,225 |
| Net assets with donor restrictions | $102,883 |
| 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 | $1,767,011 |