Anchorage Museum Foundation

Organization Overview

Anchorage Museum Foundation is located in Anchorage, AK. The organization was established in 1989. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anchorage Museum Foundation 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, Anchorage Museum Foundation generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 3.1% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SUPPORT TO THE ANCHORAGE MUSEUM FOR EXHIBITS, ACQUISITIONS AND OPERATIONS.

Describe the Organization's Program Activity:

SUPPORTING PROGRAMS AT THE ANCHORAGE MUSEUM AT RASMUSON CENTER INCLUDING CHILDRENS EDUCATION, ART ACQUISITIONS, ART CONSERVATION, EXHIBITS AND GENERAL OPERATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
John C Swalling Chris
Vice-Chair
$0
Edward B Rasmuson
Chairman
$0
Gail Sieberts
Treasurer
$0
Duane Heyman
Secretary
$0
Julie Decker
At Large
$0
Gary Dalton
Director
$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$25,800
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$25,800
Total Program Service Revenue$0
Investment income $416,916
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,843,207
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,285,923

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Anchorage Museum Foundation has recieved totaling $3,000.

Awarding OrganizationAmount
Gottstein Family Foundation

Anchorage, AK

PURPOSE: THE GRANT WAS TO A PUBLIC CHARITY TO SUPPORT ITS GENERAL CHARITABLE PURPOSE.

$3,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$38,805,452
Earnings$6,087,964
Admin Expense$55,792
Net Contributions$25,800
Other Expense$1,723,501
Ending Balance$43,139,923

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