Alaska Center For The Performing Arts Inc
- Assets
- $5.3m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 78
- Location
- Anchorage, AK
- Founding
- 01/1995
- Data as of
- 12/2021
- EIN
- 92-0120733
Organization Overview
Alaska Center For The Performing Arts Inc is located in Anchorage, AK. The organization was established in 1995. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Alaska Center For The Performing Arts Inc employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Center For The Performing Arts 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 12/2021, Alaska Center For The Performing Arts Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, ACPA CONTINUED TO EXPERIENCE THE IMPACTS OF THE COVID-19 PANDEMIC AND ITS AFFECT ON BOOKED ACTIVITIES IN THE VENUE. DURING 2021, THERE WERE 119 RENTAL EVENTS WITH 14,055 PATRONS IN ATTENDANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Codie Costello President & COO | Officer | 40 | $128,000 |
Tali Birch Kindred Chair | OfficerTrustee | 2 | $0 |
Robert Klein Treasurer | OfficerTrustee | 4 | $0 |
Daniel Mitchell Vice Chair / Secretary | OfficerTrustee | 2 | $0 |
Micky Becker Director | Trustee | 2 | $0 |
Leah Boltz Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,622,244 |
| All other contributions, gifts, grants, and similar amounts not included above | $325,697 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,947,941 |
| Total Program Service Revenue | $307,876 |
| Investment income | $7,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,091 |
| Net Gain/Loss on Asset Sales | -$2,923 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,325,107 |
| 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. | $132,028 |
| Compensation of current officers, directors, key employees. | $132,028 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,063,655 |
| Pension plan accruals and contributions | $62,223 |
| Other employee benefits | $133,194 |
| Payroll taxes | $101,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $275 |
| Fees for services: Accounting | $80,827 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,520 |
| Fees for services: Other | $57,690 |
| Advertising and promotion | $19,125 |
| Office expenses | $0 |
| Information technology | $89,154 |
| Royalties | $0 |
| Occupancy | $423,808 |
| Travel | $6,320 |
| 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 | $57,911 |
| Insurance | $0 |
| All other expenses | $35,850 |
| Total functional expenses | $2,547,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,864 |
| Savings and temporary cash investments | $4,452,085 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,703 |
| 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 | $51,469 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $743,555 |
| Total assets | $5,252,676 |
| Accounts payable and accrued expenses | $443,001 |
| Grants payable | $0 |
| Deferred revenue | $1,031,645 |
| 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 | $303,545 |
| Unsecured mortgages and notes payable | $154,511 |
| Other liabilities | $92,390 |
| Total liabilities | $2,025,092 |
| Net assets without donor restrictions | $0 |
| 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 | $3,227,584 |
| Total liabilities and net assets/fund balances | $5,252,676 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Alaska Center For The Performing Arts Inc has recieved totaling $132,838.
| Awarding Organization | Amount |
|---|---|
M J Murdock Charitable Trust Vancouver, WA PURPOSE: ACPA VENUE PROGRAMMING & BOOKING INFRASTRUCTURE/REVENUE DEVELOPMENT | $72,000 |
Atwood Foundation Incorporated Anchorage, AK PURPOSE: LOBBY BENCHES | $30,000 |
Atwood Foundation Incorporated Anchorage, AK PURPOSE: SUMMER CONCERTS IN TOWN SQUARE | $15,000 |
Frances & David Rose Foundation Anchorage, AK PURPOSE: UNRESTRICTED | $6,000 |
Kumin Foundation Anchorage, AK PURPOSE: OPERATING COSTS | $5,000 |
Gottstein Family Foundation Anchorage, AK PURPOSE: THE GRANT WAS TO A PUBLIC CHARITY TO SUPPORT ITS GENERAL CHARITABLE PURPOSE. | $4,000 |
Endowment Analysis
| Beg. Balance | $359,221 |
| Earnings | $16,696 |
| Ending Balance | $375,917 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle Theatre Group Seattle, WA | $54,057,952 | $15,388,598 |
B H Music Center Seattle, WA | $60,522,561 | $1,629,830 |
Mount Baker Theatre Bellingham, WA | $11,335,645 | $5,704,863 |
Alaska Center For The Performing Arts Inc Anchorage, AK | $5,252,676 | $3,325,107 |
Admiral Theatre Foundation Bremerton, WA | $5,326,059 | $2,302,492 |
Capitol Theatre Committee Yakima, WA | $2,272,449 | $2,350,736 |
Washington Center For The Performing Arts Olympia, WA | $3,938,920 | $2,618,555 |
Kirkland Performance Center Kirkland, WA | $3,676,531 | $2,361,159 |
Orcas Center Eastsound, WA | $2,660,540 | $923,960 |
Port Angeles Waterfront Center Port Angeles, WA | $42,802,752 | $3,947,950 |
Anchorage Concert Association Inc Anchorage, AK | $10,272,978 | $2,181,399 |
Columbia Theatre Association For The Performing Arts Longview, WA | $766,997 | $554,312 |