Anchorage Concert Foundation Inc

EIN: 920161542 501(c)(3) Philanthropy & Grantmaking

Anchorage, AK

Total Revenue
$181,741
Total Expenses
$259,572
Total Assets
$5,572,820
Net Assets
$5,572,820
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
AK
Principal Officer
Jason Hodges
Phone
9072721471
Tax Period
2022-07-01 to 2023-06-30

Anchorage Concert Foundation Inc, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $182K in total revenue in fiscal year 2022. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $260K exceeded revenue, resulting in a 43% operating deficit.

Mission

THE ANCHORAGE CONCERT FOUNDATION WILL BUILD A STABLE SOURCE OF FUNDING WHICH WILL ENSURE: - PERFORMANCES BY WORLD RENOWNED PERFORMING ARTISTS. - ACCESS TO LIVE PERFORMING ARTS EVENTS BY A BROAD POPULATION. - INCREASED EDUCATION PROGRAMS WITH OUR GUEST ARTISTS. - DECREASED RELIANCE ON GOVERNMENT FUNDING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $181,741
Other Revenue $0
TOTAL REVENUE $181,741

Expense Breakdown

Grants Paid $257,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $259,572
Other Expenses $2,572
TOTAL EXPENSES $259,572

Year-over-Year Comparison

2022 2021 Change
Revenue $181,741 $442,732 -0.6%
Expenses $259,572 $18,729 +12.9%
Net Income $-77,831 $424,003 -1.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$161,867
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jason Hodges ACA - Executive Director 0.5
Officer
$0 $10,867 $161,867
Annie Rittal President 0.1
Officer Director
$0 $0 $0
Karen Kroon Vice President 0.1
Officer Director
$0 $0 $0
Stephanie Kessler Secretary 0.1
Officer Director
$0 $0 $0
Pam Bruno Treasurer 0.1
Officer Director
$0 $0 $0
Ann Hale Board Member 0.1
Director
$0 $0 $0
Louis Ulmer Board Member 0.1
Director
$0 $0 $0
Jayson Owens Board Member 0.1
Director
$0 $0 $0
Rayette Sterling Board Member 0.1
Director
$0 $0 $0
Chris Schutte Board Member 0.1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2023 $181,741 $259,572 $5,572,820 $-77,831
2023 No data No data No data No data
2022 $442,732 $18,729 $5,265,630 $424,003
2021 $305,327 $259,519 $6,263,266 $45,808
2020 $255,376 $262,700 $5,005,495 $-7,324
2019 $352,264 $195,906 $5,179,804 $156,358
2018 $437,502 $196,517 $5,103,027 $240,985
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