Amundsen Educational Center
- Assets
- $925.7k
- Revenue
- $710.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Soldotna, AK
- Founding
- 04/1997
- Data as of
- 06/2021
- EIN
- 92-0158003
Organization Overview
Amundsen Educational Center is located in Soldotna, AK. The organization was established in 1997. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Amundsen Educational Center employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amundsen Educational Center 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 06/2021, Amundsen Educational Center generated $710.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $384.5k during the year ending 06/2021. 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
AMUNDSEN EDUCATIONAL CENTER PROVIDES VOCATIONAL TRAINING IN A CHRISTIAN COMMUNITY FOR THE PEOPLE OF RURAL ALASKA
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT EDUCATION IN RESIDENTIAL CONSTRUCTION. ADULT EDUCATION IN OFFICE PROCEDURES AND ACCOUNTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Swanson Executive Dir. | Officer | 40 | $90,341 |
Kevin Spence President | OfficerTrustee | 2 | $0 |
Tim Amundsen Vice President | OfficerTrustee | 2 | $0 |
Nathan Nagaruk Secretary/treas | OfficerTrustee | 2 | $0 |
Dave Petersen Director | Trustee | 2 | $0 |
Janet Gomez Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $294,062 |
| All other contributions, gifts, grants, and similar amounts not included above | $372,530 |
| Noncash contributions included in lines 1a–1f | $328,579 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $666,592 |
| Total Program Service Revenue | $29,113 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $710,915 |
| 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. | $90,341 |
| Compensation of current officers, directors, key employees. | $90,341 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,385 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,015 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $3,109 |
| Royalties | $0 |
| Occupancy | $20,346 |
| Travel | $742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,686 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,924 |
| Insurance | $14,803 |
| All other expenses | $6,462 |
| Total functional expenses | $384,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,992 |
| Savings and temporary cash investments | $168 |
| Pledges and grants receivable | $25,633 |
| Accounts receivable, net | $25,570 |
| 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 | $0 |
| Net Land, buildings, and equipment | $519,708 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $326,579 |
| Total assets | $925,650 |
| Accounts payable and accrued expenses | $46,405 |
| 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 | $106,683 |
| Secured mortgages and notes payable | $15,824 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $168,913 |
| Net assets without donor restrictions | $756,737 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $925,650 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Amundsen Educational Center has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakeside School Seattle, WA | $394,164,521 | $65,054,128 |
Annie Wright Schools Tacoma, WA | $86,822,047 | $28,900,199 |
Bush School Seattle, WA | $78,878,554 | $33,051,809 |
The Northwest School Of The Arts Humanities And Environment Seattle, WA | $79,999,966 | $22,972,982 |
University Preparatory Academy Seattle, WA | $104,232,720 | $29,101,265 |
Bear Creek School Redmond, WA | $66,422,507 | $24,721,144 |
Eastside Preparatory School Kirkland, WA | $91,598,705 | $24,415,326 |
Charles Wright Academy Tacoma, WA | $63,747,007 | $20,214,757 |
Bellevue Christian School Clyde Hill, WA | $30,172,969 | $19,117,313 |
Cascade Christian Schools Puyallup, WA | $24,414,305 | $18,312,938 |
Saint Georges School Spokane, WA | $26,592,411 | $9,553,681 |
Eton School Foundation Bellevue, WA | $11,656,623 | $8,432,891 |