Anchorage Museum Association

EIN: 926009317 501(c)(3) Arts, Culture & Humanities

Anchorage, AK

Total Revenue
$12,653,212
Total Expenses
$12,631,751
Total Assets
$14,046,834
Net Assets
$12,390,993
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
AK
Principal Officer
JULIE DECKER
Phone
9079299200
Tax Period
2023-01-01 to 2023-12-31

Anchorage Museum Association, founded in 1987, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

Our Mission: To be a museum for people, place, planet, and potential, in service of a sustainable and equitable North, with creativity and imagination for what is possible. Our Vision: A place of ideas and transformation, narratives and perspectives, resilient and relevant communities, responsive to a rapidly changing world toward a better future for all. The Anchorage Museum Association holds a contract with the Municipality of Anchorage, which owns the facility and the collection. The Anchorage Museum Association is a private nonprofit that has sole authority to operate the museum, maintain the facility, raise funds, and deliver programs in accordance with the mission.

Program Service Accomplishments

Program 1
Expenses: $4,748,166

Exhibit production: Planning, curation, design, fabrication, installation, and presentation of museum exhibits, including corresponding education and public programs. New changing exhibitions opened...

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Exhibit production: Planning, curation, design, fabrication, installation, and presentation of museum exhibits, including corresponding education and public programs. New changing exhibitions opened, as well as maintenance and updates of permanent exhibitions, including the Art of the North Galleries, Alaska exhibition, Arctic studies center, and discovery center.

Program 2
Expenses: $2,596,833

Research, Scholarship, and Collections: Acquisition, curation, conservation, and preservation of Museum collection of photographs, archival materials, artwork, and artifacts. Serving as a key...

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Research, Scholarship, and Collections: Acquisition, curation, conservation, and preservation of Museum collection of photographs, archival materials, artwork, and artifacts. Serving as a key research and scholarship center for the study of the North, with fellowships, research programs, and programs that provide access to the collection and knowledge.

Program 3
Expenses: $2,145,189 Revenue: $285,495

Education and public programs: Preparation and delivery of programs for school groups, teachers, and learners of all ages. Delivery of public programs and community outreach for a wide audience...

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Education and public programs: Preparation and delivery of programs for school groups, teachers, and learners of all ages. Delivery of public programs and community outreach for a wide audience, exploring art, history, science, design, and culture through many perspectives.

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,938,592
Program Service Revenue $1,938,730
Investment Income $396,182
Other Revenue $379,708
TOTAL REVENUE $12,653,212

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,763,105
Fundraising Expenses $784,812
Program Expenses $10,729,652
Other Expenses $6,868,646
TOTAL EXPENSES $12,631,751

Year-over-Year Comparison

2023 2022 Change
Revenue $12,653,212 $11,461,391 +0.1%
Expenses $12,631,751 $11,233,565 +0.1%
Net Income $21,461 $227,826 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
93
Volunteers
103

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
6
$557,118
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Julie Decker Director/ CEO 40.0
Officer
$323,369 $44,912 $368,281
Kirsten Newby Chief Financial Officer 40.0
Officer
$160,000 $28,837 $188,837
Brian Steele DD Of Facilities & Operations 40.0
Highest
$128,551 $29,431 $157,982
Ann Hale DD of Philanthr. & Endow. 40.0
Highest
$125,909 $27,441 $153,350
Monica Shah DD Collections & Conserv. 40.0
Highest
$112,371 $28,625 $140,996
Ryan Kenny DD & Chief Operating Officer 40.0
Highest
$115,371 $24,012 $139,383
Amy Komarek Chief Human Resources Officer 40.0
Highest
$115,371 $23,707 $139,078
Carla Beam Chair 2.0
Officer Director
$0 $0 $0
Ryan Webb Vice-Chair 2.0
Officer Director
$0 $0 $0
Peter Boskofsky Treasurer 0.8
Officer Director
$0 $0 $0
Laile Fairbairn Secretary 0.8
Officer Director
$0 $0 $0
Michael Fredericks Director At-Large 1.0
Director
$0 $0 $0
Leah Boltz Director 0.8
Director
$0 $0 $0
Luke Blomfield Director 0.8
Director
$0 $0 $0
Penny Gage Director 0.8
Director
$0 $0 $0
Jordan Marshall Director 0.8
Director
$0 $0 $0
Deanna Nafzger Director 0.8
Director
$0 $0 $0
Jimmy Miner Director 0.8
Director
$0 $0 $0
Tim Thompson Director 0.8
Director
$0 $0 $0
John Weir Director 0.8
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
2024 No data No data No data No data
2023 $12,653,212 $12,631,751 $14,046,834 $21,461
2023 $12,653,212 $12,631,751 $14,046,834 $21,461
2022 $11,461,391 $11,233,565 $13,378,568 $227,826
2021 $14,736,241 $10,224,060 $13,680,966 $4,512,181
2020 $10,678,219 $9,935,917 $9,923,606 $742,302
2019 $13,223,710 $13,183,983 $7,948,120 $39,727
2018 $11,755,772 $13,122,234 $7,769,512 $-1,366,462
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