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CHARITY REVIEW
Issued: January 2025 Expires: January 2027

Anchorage Museum Association

Accredited Charity
Accredited Charity

Meets Standards
(907) 929-9200
625 C Street
Anchorage, AK, 99501
https://anchoragemuseum.org/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Anchorage Museum Association meets the 20 Standards for Charity Accountability.

Stated Purpose:
"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."

Year, State Incorporated:
1987, AK

Also Known As:
Anchorage Museum

Anchorage Museum Association (AMA) reports that it provides spaces for scholarship, engagement and investigation of Alaska and the North. The organization operates the Anchorage Museum at Rasmuson Center, which includes the Smithsonian Arctic Studies Center, Art of the North, the Discovery Center, Thomas Planetarium, and other rotating gallery and exhibition spaces. AMA organizes hundreds of public programs and curated exhibitions from around the world. The organization’s spaces emphasize Indigenous voices and experiences, diverse communities, climate change and justice, social action, access, and innovation. In 2023, AMA welcomed 181,860 visitors, offered over 150 online curricular resources to students, and developed over 15 exhibitions.

For the year ended December 31, 2023, Anchorage Museum Association's program expenses were:

Program services $10,385,064
Total Program Expenses $10,385,064

Chief Executive
Julie Decker, Museum Director and Chief Executive Officer

Compensation*
$368,281

Chair of the Board
Michael Fredericks

Chair's Profession / Business Affiliation
President and Executive Director of Strategic Engagement, SALT, Inc.

Board Size
10

Paid Staff Size
65

*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Foundation grants

Fundraising costs were 11% of related contributions. (Related contributions, which totaled $7,819,319, are donations received as a result of fundraising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Anchorage Museum Association's audited financial statements for the year ended December 31, 2023.

Source of Funds
Muncipal operating contract revenue $5,253,413
Endowment investment return, net $4,329,945
Admissions $1,678,682
Foundations $1,021,475
Investment income for the Association $739,358
Museum store income $529,024
Membership $438,292
Corporations $352,088
Individuals $320,558
Facility income $295,875
Municipal contract revenues - deferred maintenance $276,495
Special program revenue $260,048
Federal government $238,097
Special events $225,702
Donor advised funds $87,115
In-kind contributions $31,376
State and local government $13,000
Other income $10,074
Total Income $16,100,617

Programs: 78% Fundraising: 7% Administrative: 8%

Total Income $16,100,617
Total expenses: $13,335,175
  Program expenses $10,385,064
  Fundraising expenses $898,244
  Administrative expenses $1,117,287
  Other expenses $934,580
Income in Excess of Expenses $2,765,442
Beginning Net Assets $48,797,387
Other Changes In Net Assets $107,924
Ending Net Assets $51,670,753
Total Liabilities $1,659,398
Total Assets $53,330,151

Note 1: According to the organization's 2023 consolidated audited financial statements, AMA received in-kind contributions totaling $31,376 in the form of IT support ($19,000), travel ($9,795), and advertising ($2,581).
Note 2: In the financial section above, "other expenses" refers to museum store ($427,370), capital improvement expenditures ($388,509), and facility ($118,701).
Note 3: As noted in the financial section above, "other changes in net assets" refers to an increase to endowment perpetual.

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB Wise Giving Alliance