Musk Ox Development Corporation
- Assets
- $1.9m
- Revenue
- $566.3k
- Investments
- $0.0
- Employees
- 20
- Location
- Palmer, AK
- Founding
- 06/1985
- Data as of
- 12/2021
- EIN
- 92-0104683
Organization Overview
Musk Ox Development Corporation is located in Palmer, AK. The organization was established in 1985. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2021, Musk Ox Development Corporation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musk Ox Development Corporation 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 12/2021, Musk Ox Development Corporation generated $566.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $667.8k during the year ending 12/2021. While expenses have increased by 7.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MUSK OX DOMESTICATION AND WOOL INDUSTRY DEVELOPMENT WITH RELATED EDUCATION OBJECTIVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC EDUCATION OF MUSK OX DOMESTICATION AND WOOL INDUSTRY DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Austin Executive Dir. | Officer | 40 | $105,000 |
Dr Pam Groves President | OfficerTrustee | 0.5 | $0 |
Connie Fredenberg Vice President | OfficerTrustee | 0.5 | $0 |
Nick Mcelroy Treasurer | OfficerTrustee | 0.5 | $0 |
Will Peabody Secretary | OfficerTrustee | 0.5 | $0 |
Bart Watson Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,500 |
| Related organizations | $0 |
| Government grants | $55,327 |
| All other contributions, gifts, grants, and similar amounts not included above | $168,017 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,844 |
| Total Program Service Revenue | $143,248 |
| Investment income | $578 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,275 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,837 |
| Net Income from Gaming Activities | $7,236 |
| Net Income from Sales of Inventory | $182,932 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $566,268 |
| 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. | $110,250 |
| Compensation of current officers, directors, key employees. | $102,577 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $235,607 |
| Pension plan accruals and contributions | $16,353 |
| Other employee benefits | $0 |
| Payroll taxes | $30,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,832 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,730 |
| Travel | $3,345 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $73,159 |
| Insurance | $35,982 |
| All other expenses | $24,766 |
| Total functional expenses | $667,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,143 |
| Savings and temporary cash investments | $202,768 |
| 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 | $11,558 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,427,679 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,215 |
| Total assets | $1,880,363 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,898 |
| Total liabilities | $1,898 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $212,137 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,666,328 |
| Total liabilities and net assets/fund balances | $1,880,363 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Musk Ox Development Corporation has recieved totaling $17,821.
| Awarding Organization | Amount |
|---|---|
Trebek Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Pumpkin Hill Foundation Cincinnati, OH PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Mesara Family Foundation Kalamazoo, MI PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $100 |
Shell Oil Company Foundation Houston, TX PURPOSE: MEF | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $71 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cook Inlet Aquaculture Assoc Kenai, AK | $11,800,880 | $3,429,988 |
Arctic Research Consortium Of The United States Incorporated Fairbanks, AK | $1,035,300 | $2,649,701 |
Cascadia Research Collective Olympia, WA | $1,265,660 | $1,732,486 |
Sound Experience Port Townsend, WA | $1,995,987 | $687,272 |
Musk Ox Development Corporation Palmer, AK | $1,880,363 | $566,268 |
Ncw Tech Alliance Wenatchee, WA | $444,514 | $942,033 |
Oceangate Foundation Seattle, WA | $114,580 | $0 |
Cascadia Cleantech Prize Seattle, WA | $35,786 | $0 |
Washington State Academy Of Sciences Seattle, WA | $84,284 | $0 |
Skagit Climate Science Consortium Anacortes, WA | $44,530 | $0 |
Research And Development Services Of America Neah Bay, WA | $66,749 | $52,230 |
Washington Foundation For Molecular Pharmacology Seattle, WA | $109,901 | $14,039 |