Ancsa Regional Association

Organization Overview

Ancsa Regional Association is located in Anchorage, AK. The organization was established in 2000. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ancsa Regional Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Ancsa Regional Association generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 20.3% 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 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION IS AN ASSOCIATION OF ALASKA NATIVE REGIONAL CORPORATION CEOS. OUR CORPORATIONS ARE OWNED BY OVER 160,000 ALASKA NATIVE PEOPLE AND WERE FORMED UNDER THE ALASKA NATIVE CLAIMS SETTLEMENT ACT OF 1971 (ANCSA). THE ANCSA REGIONAL ASSOCIATION EXISTS TO PROMOTE AND FOSTER THE CONTINUED GROWTH AND ECONOMIC STRENGTH OF THE ALASKA NATIVE REGIONAL CORPORATIONS ON BEHALF OF THEIR SHAREHOLDERS AND DESCENDANTS. THE BOARD OF DIRECTORS INCLUDES ONE REPRESENTATIVE FROM EACH OF THE 12 ALASKA-BASED NATIVE REGIONAL CORPORATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OUR MISSION IS TO PROMOTE AND FOSTER CONTINUED GROWTH AND ECONOMIC STRENGTH OF THE ALASKA NATIVE REGIONAL CORPORATIONS FOR THE BENEFIT OF THEIR ALASKA NATIVE SHAREHOLDERS AND COMMUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Kim Reitmeier
President
$247,543
Aaron Schutt
Chair
$0
Gail Schubert
Vice Chair
$0
Sophie Minich
Treasurer
$0
Shauna Hegna
Secretary
$0
Skoey Vergen
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,933,011
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$145,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,078,011
Total Program Service Revenue$0
Investment income $10
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $2,078,021

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