Anchorage Festival of Music
Nonprofit profile at a glance
- EIN
- 741936296
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990-EZ 2024
- Location
- Anchorage, AK, USA
- Phone
- 9072762465
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $79,762
- Expenses
- $56,902
- Assets
- $52,669
- Liabilities
- $2,580
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- GUNNAR KNAPP (VICE PRESIDENT)
- CORINNE MCVEE (PRESIDENT)
People named in this filing
- MARY ANN MOLITOR (TREASURER)
- GUNNAR KNAPP (VICE PRESIDENT)
- LAURA KOENIG (ARTISTIC DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Providing musical programs and concerts as a service to the community and providing opportunities for local musicians to join with guest artists in chamber recitals. Supporting our alaskan youth with an opportunity to display their talents to the public and receive awards to further their studies.
What it reported doing in 2024
Chamber music soirees featuring local musicians along with guest artists
Operating model
- Revenue model
- Donor-supported. 69% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 90% 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.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 100
- Sustainability: 54
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 52.9%; rating input score 53
- Program expense ratio: 73.9%; rating input score 74
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 28.7%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 0.93; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 5.3%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 7.5% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 12.9% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: -1% per year; rating input score 0; 35th percentile among comparable filings
Details
- Where the money goes: 52.9% of revenue deployed · 73.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $42K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 53/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.