Musk Ox Development Corporation
- Assets
- $1.8m
- Revenue
- $825.0k
- Investments
- $0.0
- Employees
- 24
- Location
- Palmer, AK
- Founding
- 06/1985
- Data as of
- 12/2023
- 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 12/2023, Musk Ox Development Corporation employed 24 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 12/2023, Musk Ox Development Corporation generated $825.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $765.9k during the year ending 12/2023. While expenses have increased by 7.1% per year over the past 9 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
2023
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 | $126,236 |
Dr Pam Groves President | OfficerTrustee | 0.5 | $0 |
Connie Fredenberg Vice President | OfficerTrustee | 0.5 | $0 |
Lansing Teal 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 | $2,500 |
| Related organizations | $0 |
| Government grants | $18,519 |
| All other contributions, gifts, grants, and similar amounts not included above | $211,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,186 |
| Total Program Service Revenue | $206,420 |
| Investment income | $815 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,226 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $46,606 |
| Net Income from Gaming Activities | $5,957 |
| Net Income from Sales of Inventory | $329,785 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $825,020 |
| 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. | $126,236 |
| Compensation of current officers, directors, key employees. | $126,236 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $334,798 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,508 |
| Advertising and promotion | $12,110 |
| Office expenses | $0 |
| Information technology | $523 |
| Royalties | $0 |
| Occupancy | $18,190 |
| Travel | $5,291 |
| 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 | $75,622 |
| Insurance | $24,881 |
| All other expenses | $16,403 |
| Total functional expenses | $765,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,030 |
| Savings and temporary cash investments | $138,100 |
| 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 | $16,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,345,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,215 |
| Total assets | $1,849,325 |
| 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 | $10,242 |
| Total liabilities | $10,242 |
| 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 | $1,626,946 |
| Total liabilities and net assets/fund balances | $1,849,325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cook Inlet Aquaculture Assoc Kenai, AK | $9,072,706 | $2,024,441 |
Arctic Research Consortium Of The United States Incorporated Fairbanks, AK | $852,918 | $1,872,115 |
Cascadia Research Collective Olympia, WA | $1,350,426 | $1,730,911 |
Sound Experience Port Townsend, WA | $1,519,378 | $891,057 |
Ncw Tech Alliance Wenatchee, WA | $542,967 | $931,171 |
Musk Ox Development Corporation Palmer, AK | $1,849,325 | $825,020 |
Cascadia Cleantech Prize Seattle, WA | $13,903 | $0 |
Skagit Climate Science Consortium Anacortes, WA | $35,240 | $0 |
Washington State Academy Of Sciences Seattle, WA | $107,769 | $0 |
Research And Development Services Of America Neah Bay, WA | $88,398 | $1,387 |
Washington Foundation For Molecular Pharmacology Seattle, WA | $101,208 | $2,922 |
Continuous Path Vashon, WA | $639,829 | $64 |