Alaska State Medical Association
- Assets
- $480.3k
- Revenue
- $238.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Anchorage, AK
- Founding
- 10/1947
- Data as of
- 12/2023
- EIN
- 92-6002176
Organization Overview
Alaska State Medical Association is located in Anchorage, AK. The organization was established in 1947. According to its NTEE Classification (G90) the organization is classified as: Medical Disciplines, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Alaska State Medical Association employed 2 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Alaska State Medical 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 12/2023, Alaska State Medical Association generated $238.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $388.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 6 years. 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
TO ADVOCATE ON BEHALF OF PHYSICIANS AND FOR THE HEALTH AND WELL-BEING OF ALL ALASKANS. THE ASSOCIATION STRIVES TO ADVANCE MEDICAL SCIENCE, TO EXTEND MEDICAL KNOWLEDGE, TO ELEVATE THE STANDARDS OF MEDICAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCATE ON BEHALF OF ALASKA PHYSICIANS AND FOR THE HEALTH AND WELL-BEING OF ALL ALASKANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Ventgen Executive Di | Officer | 40 | $124,000 |
Steve Compton President | OfficerTrustee | 1 | $0 |
Sherry Johnson Secretary/tr | OfficerTrustee | 1 | $0 |
Kristin Mitchell President El | Trustee | 1 | $0 |
Jessica Panko MD Trustee Dist | Trustee | 1 | $0 |
Paula Colescott Sec/treas El | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,211 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,211 |
| Total Program Service Revenue | $196,087 |
| Investment income | $34 |
| 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 | $238,332 |
| 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. | $124,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,328 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,534 |
| Payroll taxes | $17,455 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,703 |
| Fees for services: Accounting | $4,127 |
| Fees for services: Lobbying | $41,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,617 |
| Office expenses | $23,560 |
| Information technology | $25,591 |
| Royalties | $0 |
| Occupancy | $15,619 |
| Travel | $8,754 |
| 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 | $2,083 |
| Insurance | $13,125 |
| All other expenses | $0 |
| Total functional expenses | $387,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234 |
| Savings and temporary cash investments | $410,534 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,852 |
| 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 | $65,684 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $480,304 |
| Accounts payable and accrued expenses | $7,009 |
| Grants payable | $0 |
| Deferred revenue | $200,620 |
| 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 | $6,376 |
| Total liabilities | $214,005 |
| Net assets without donor restrictions | $266,299 |
| 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 | $480,304 |