Anchorage Museum Association

Overview

Mission

See schedule o

What it reported doing in 2024

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.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
926009317
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Headquarters
Anchorage, AK, USA
Phone
9079299200
Rating
79
Verdict
SUPPORTED
Rating confidence
Standard
Sector
History Museums

Official website

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 84
  • Accountability: 95
  • Sustainability: 39
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.8%; rating input score 86
  • Program expense ratio: 84.2%; rating input score 84
  • Fundraising efficiency: $11.56 raised per $1 spent on fundraising; rating input score 42; 42nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.8%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 1.08; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: 10.3%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: -3% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -0.5% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: 0.4% per year; rating input score 100; 11th percentile among comparable filings

Details

  • Where the money goes: 85.8% of revenue deployed · 84.2% of spending went to programs
  • Governance: 10 of 10 board members independent · 8 of 9 filing controls reported
  • Programs: 5 filed program accomplishments · $11M in reported program spending
  • Leadership: top reported pay $402K · 17 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.9M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 10 filed schedules · includes major donors and executive pay
  • Filing history: 15 annual filings from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Leadership & pay

17 people listed

Highest reported compensation

  • Julie Decker (Director/ CEO): $402,350 total reported compensation
  • Kirsten Newby (Chief Financial Officer): $202,917 total reported compensation
  • Brian Steele (DD Of Facilities & Operations): $158,526 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.