Anchorage Education Association
- Assets
- $4.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 08/1988
- Data as of
- 08/2023
- EIN
- 92-0074528
Organization Overview
Anchorage Education Association is located in Anchorage, AK. The organization was established in 1988. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anchorage Education Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2023, Anchorage Education Association generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $3.2m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. 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
THE ANCHORAGE EDUCATION ASSOCIATION (ASSOCIATION) IS OPERATED FOR THE PURPOSE OF PROMOTING THE EDUCATION AND WELL BEING OF SCHOOL CHILDREN, PROTECTING AND PROMOTING THE WELFARE AND ECONOMIC VIABILITY OF THE TEACHERS IN THEIR DISTRICT, AND PROVIDING A UNIFIED VOICE WITH WHICH TEACHERS MAY EXPRESS THEIR OPINIONS BEFORE THE BOARD OF EDUCATION AND OTHER LEGAL AUTHORITIES.THE OBJECTIVES AND PURPOSES OF THE ASSOCIATION ARE TO ESTABLISH AND FURTHER, THROUGH UNITED EFFORT, THE HIGHEST POSSIBLE EDUCATIONAL OPPORTUNITY FOR ANCHORAGES CHILDREN; TO GIVE CAREFUL CONSIDERATION TO PROFESSIONAL EDUCATION PROBLEMS AND POLICIES; TO PROMOTE THE ENACTMENT OF LAWS FOR THE PROTECTION AND PROGRESS OF EDUCATION IN ANCHORAGE; AND TO ACCOMPLISH THESE END OBJECTIVES THROUGH SUCH LAWFUL MEANS, INCLUDING THE PUBLICATION OF PERIODICALS OR OTHER MEDIA, AS MAY BE AVAILABLE TO THE ASSOCIATION; TO REPRESENT TEACHERS IN COLLECTIVE BARGAINING; AND TO MAINTAIN AND ENFORCE THE NEGOTIATED AGREEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP DEVELOPMENT, MENTORSHIP, AND CONFERENCES:MEMBERSHIP DEVELOPMENT PROGRAM SUPPORTING TEACHERS ON GUIDANCE OF BEST PRACTICES. SOLELY ASSOCIATED BY HOSTING THE ASSOCIATION GOOD TEACHING INSTITUTE, WHICH IS ELIGIBLE FOR COLLEGE CREDIT. MENTORSHIP REVOLVING AROUND AN INDUCTION PROGRAM TO SUPPORT INEXPERIENCED TEACHERS WITH GUIDANCE ON THE NECESSARY MODELS AND TOOLS AS THEY TRANSITION INTO THE FIELD. CONFERENCES PROGRAM SUPPORTING MEMBERS WHO ATTEND LOCAL AND NATIONAL CONFERENCES WITH THE FOCUS ON LEADERSHIP TRAININGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Aist President | OfficerTrustee | 40 | $138,278 |
Christi Sitz Vp, Commun | OfficerTrustee | 2 | $0 |
Michaela Kolerok Vp, Programs | OfficerTrustee | 2 | $0 |
Misty Neslson Secretary | OfficerTrustee | 2 | $0 |
Brittany Hanson Treasurer | OfficerTrustee | 2 | $0 |
Chelsea Ambrose At-Large Dir. | Trustee | 2 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,130,287 |
| Investment income | $79,942 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,401 |
| Net Gain/Loss on Asset Sales | -$47,368 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,208,433 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $10,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $182,514 |
| Compensation of current officers, directors, key employees. | $182,514 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,028 |
| Fees for services: Other | $33,178 |
| Advertising and promotion | $0 |
| Office expenses | $37,263 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,142 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,232 |
| Interest | $0 |
| Payments to affiliates | $2,604,912 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $10,631 |
| Total functional expenses | $3,159,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $728,455 |
| Savings and temporary cash investments | $389,076 |
| 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 | $3,402 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,189,227 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $787,277 |
| Total assets | $4,097,437 |
| Accounts payable and accrued expenses | $45,229 |
| 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 | $416,820 |
| Total liabilities | $462,049 |
| Net assets without donor restrictions | $2,919,786 |
| Net assets with donor restrictions | $715,602 |
| 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 | $4,097,437 |