Anchorage Park Foundation EIN 41-2205907 Form 990 (PDF) Claim this org

Anchorage Park Foundation

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Mobilizes support and funds to build healthy parks and people. For fiscal year 2025 it reported $2.7M in revenue, $2.0M in expenses, and $3.1M in net assets.Pt I

Founded
2005
Type
Public charity (501(c)(3)) · Environment
Location
Anchorage, AK
Website
www.anchorageparkfoundation.org
Filings
6 on file (2020–2025)
Revenue
$2.7MFY2025
Expenses
$2.0M
Net assets
$3.1M
People
13
Filings
6
Updates
0
More identity details & actions ⌄
EIN  41-2205907 Public charity (501(c)(3)) Anchorage, AK Founded 2005
Form 990 (PDF)
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Figures match the IRS filing checked 9/1/26 · see original: IRS
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Size
$1–10M
What they do
Mobilizes support and funds to build healthy parks and people.
Leadership
Elizabeth Nordlund · Executive Di · $119K
Money in and out
$2.7M revenue, $2.0M expenses
Bottom line
85% program efficiency
Where the money goes · FY2025
Total revenue
$2.7M
Pt VIII · Ln 12
Total expenses
$2.0M
Pt IX · Ln 25
Net assets
$3.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $656K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.06 Fundraising $0.08
Program efficiency
85%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
18.0mo
months of highly liquid reserves at operating expense rate▲ +67% vs prior filing year
Surplus margin
+25%
revenue over expenses, this year▲ ×12 vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$2.7M
FY2025▲ +20%
Expenses
$2.0M
FY2025▼ -12%
Total assets
$3.2M
FY2025▲ +30%
Total liabilities
$119K
FY2025▲ +26%
Total revenue
$2.7M
Pt VIII · Ln 12
Total expenses
$2.0M
Pt IX · Ln 25
Net assets
$3.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$656K
Total assetsPt X · Ln 16$3.2M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAnchorage Park Foundation
EINHdr · item D41-2205907
Principal addressHdr · item CAnchorage, AK
Year of formationHdr · item L2005
State of legal domicileHdr · item MAK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C30)
Ruling yearIRS BMFOct 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$119,311Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Elizabeth Nordlund’s $119K as Executive Di is at the 44th percentile of top reported officer pay among 1845 $1–10M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Elizabeth Nordlund$119,311$111,359$109,178$99,988
Beth Nordlund$92,526$86,839
Michelle Lebeau$90,073

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $1.3M of program spending, described in the organization's own filed words · FY2025.
01

Fiscal Sponsorship

Anchorage park foundation receives funds and administers grants in support of other organizations for fundraising and community projects within the tax-exempt purposes of the foundation.

$603Kprogram expense
02

Community Challenge Grants

Anchorage park foundation's community challenge grant program supports community-led municipal park and trail improvement projects that benefit the public. This program has two overarching goals: (1) improve anchorage parks, trails and facilities (2) support individuals, neighborhoods, organizations and businesses that value volunteerism…

$509Kprogram expense
03

Neighborhood Parks & Events

Expenditures supported volunteer-driven park and trail improvement events in anchorage and funded the construction of neighborhood playgrounds that enhance public recreation and community spaces.

$143Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$2.5M · 94%
Investment income$92K · 3%
Other revenue$52K · 2%
Program service revenue$18K · 1%
Contributions & grants94%$2.5M
Investment income3%$92K
Other revenue2%$52K
Program service revenue1%$18K
— government grantsLn 1e$776K
Total revenueLn 12$2.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.06 Fundraising $0.08
Program services85%$1.7M
Management & general6%$127K
Fundraising8%$166K
Total functional expensesLn 25$2.0M

Balance Sheet

Part X · end of year
CashLn 1$2.5M
Total assetsLn 16$3.2M
Total liabilitiesLn 26$119K
Total net assetsLn 32$3.1M
Months of cash on handcomputed15.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.0M · Operating expenses (Pt IX) $2.0M · Less non-cash grants $2K · Cash operating expenses/yr $2.0M
18.0 months
Where the money goes
Program services
Program services $1.7M · Total expenses $2.0M
85%
Management & General
Management & general $127K · Total expenses $2.0M
6%
Fundraising
Fundraising $166K · Total expenses $2.0M
8%
Cost to raise $1
Fundraising expense (3-yr avg) $147K · Solicited contributions (3-yr avg) $1.5M
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.5M · Total revenue $2.7M
94%
Government reliance
Government grants $776K · Total revenue $2.7M
29%
Earned-income share
Program service revenue $18K · Total revenue $2.7M
0.7%
Investment reliance
Investment income $92K · Total revenue $2.7M
+3%
Program self-sufficiency
Program service revenue $18K · Total expenses $2.0M
0.9%
Growth & trend
Revenue growth (YoY)
This year $2.7M · Prior year $2.2M
+20%
Revenue CAGR
FY2020 $1.8M · FY2025 $2.7M
+8%
Net-asset trend (YoY)
End of year $3.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.7M · Expenses $2.0M
+25%
Liabilities-to-Assets
Total liabilities — · Total assets $3.2M
Net-asset ratio
Net assets $3.1M · Total assets $3.2M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $470K · Total assets (Pt X, ln 16) $3.2M
15%
People & payroll
Highest Reported Total Compensation
Individual Elizabeth Nordlund · Reported title EXECUTIVE DI · Highest reported compensation $119K · Total expenses $2.0M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $635K · Total expenses $2.0M
32%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 6%
Fundraising cost ratio 7%
Revenue growth 20%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 14 funders →
Grants paid · 27 grants · $479K · 2022–2025
Anchorage Soil and Water ConservatiAK · FY2025$39,715
Alaska Literacy Program INCAK · FY2025$31,855
Unitemized GrantFY2025$22,813
Anchorage Downtown Partnership CommAK · FY2025$20,309
Bike AnchorageAK · FY2025$7,818
CanwinAK · FY2024$25,000
Anchorage Museum AssociationAK · FY2024$23,500
Alaska TrailsAK · FY2024$23,000
Chugach Mountain Bike RidersAK · FY2024$10,000
Cook Inlet Housing AuthorityFY2024$8,800
Unitemized GrantFY2023$14,870
Far North Bicentennial ParkblmFY2023$13,135
Anchorage West Little LeagueFY2023$10,000
Fairview Community CouncilPA · FY2023$7,220
Rilke Schule INCAK · FY2023$6,310
See all 27 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$2.7M revenue · viewing · ⤓ 990 PDF
FY2024$2.2M revenue · ⤓ 990 PDF
FY2023$2.6M revenue · ⤓ 990 PDF
FY2022$1.9M revenue · ⤓ 990 PDF
FY2021$1.8M revenue · ⤓ 990 PDF
FY2020$1.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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