Greater Anchorage Inc

Nonprofit profile at a glance

EIN
926001000
IRS 990 coverage
2011–2023
Forms available
Form 990 2023
Location
Anchorage, AK, USA
Phone
9072741169
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Cultural, Ethnic Awareness

Official website

Reported finances

Revenue
$802,184
Expenses
$846,899
Assets
$207,440
Liabilities
$30,711

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • RAYLI WILSON (PAST PRESIDENT)
  • EDDIE PARKER (VICE PRESIDENT)
  • ROD WILLIAMS (PRESIDENT)
  • JAMIE MILLER (PRESIDENT-ELECT)
  • JOHN MCCLEARY (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JOHN MCCLEARY (EXECUTIVE DIRECTOR): $70,780 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of greater anchorage, inc. Is to provide entertainment, education and cultural growth primarily through the production of fur rendezvous. The rendezvous festival is designed to provide enjoyment for the community that attracts intra-state, national, and international tourism, thereby creating a positive economic impact. Additionally, as approved, greater anchorage may take on other activities that are in harmony with the primary mission of the organization.

What it reported doing in 2023

Fur rendezvous - this event started in 1936 as a 3-day festivalestablished to coincide with the time that the miners and trappers cameto town with their winter's yield. It began as a 3-day sportstournament on february 15th-17th, 1936 and featured skiing, hockey, basketball, boxing, and a children's sled dog race down fourth avenue.nearly the entire population of anchorage turned out for the bonfireand torchlit parade. Fur rendezvous remains a highly anticipated timeof year, has earned national and itnernational notoriety, and visitorsfrom throughout the world descend on anchorage every february for theevent.

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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 24
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 82.1%; rating input score 82
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • 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; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -5.6%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0.24; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 8.4%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: 1.2% per year; rating input score 100; 25th percentile among comparable filings
  • Revenue growth: 0.3% per year; rating input score 100; 18th percentile among comparable filings
  • Asset growth: 4.6% per year; rating input score 100; 37th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 82.1% of spending went to programs
  • Governance: 18 of 18 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $695K in reported program spending
  • Leadership: top reported pay $71K · 21 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 13 filing years from 2011 to 2023
  • 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.

  • High — Sustainability: Operating margin scored 25/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.
  • Moderate — Sustainability: Officer compensation ratio scored 42/100.