Amundsen Educational Center

Soldotna, AK · Public charity (501(c)(3)) · Education

✓ Tax-deductible
Revenue
$473K
+6% vs prior year
Spent
$466K
To programs
63%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$473K
FY2024▲ +6%
Revenue by fiscal year
FY2020$396K
FY2021$711K
FY2022$599K
FY2023$444K
FY2024$473K
Expenses
$466K
FY2024▲ +17%
Expenses by fiscal year
FY2020$409K
FY2021$385K
FY2022$335K
FY2023$398K
FY2024$466K
Net assets
$1.1M
FY2024▼ -0.7%
Net assets by fiscal year
FY2020$333K
FY2021$757K
FY2022$1.0M
FY2023$1.1M
FY2024$1.1M

From the FY2024 Form 990 (year ending June 2024) · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2024 — 3 yrs ago
Legal name (IRS)Hdr · item CAmundsen Educational Center
EINHdr · item D92-0158003
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 1997
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSoldotna, AK
NTEE classificationIRS BMFEducation (B20Z)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.37 Fundraising $0.00
Program services63%$294K
Management & general37%$170K
Fundraising$2K
Total functional expensesLn 25$466K

Financial health

Is it on solid ground?

Program efficiency
63%
of spending reaches programs▲ +19% vs prior filing year
Operating runway
1.2mo
months of highly liquid reserves at operating expense rate▲ +9% vs prior filing year
Surplus margin
+1%
revenue over expenses, this year▼ -86% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.2M
FY2024▲ +6%
Total assets by fiscal year
FY2020$601K
FY2021$926K
FY2022$1.2M
FY2023$1.1M
FY2024$1.2M
Total liabilities
$153K
FY2024▲ +97%
Total liabilities by fiscal year
FY2020$269K
FY2021$169K
FY2022$171K
FY2023$78K
FY2024$153K
Revenue less expensesPt I · Ln 19$7K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$46K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$153K
Total net assetsLn 32$1.1M
Months of cash on handcomputed1.2

Statement of Revenue

Part VIII
Contributions & grants$424K · 90%
Program service revenue$33K · 7%
Other revenue$12K · 2%
Investment income$4K · 1%
Contributions & grants90%$424K
Program service revenue7%$33K
Other revenue2%$12K
Investment income1%$4K
— government grantsLn 1e$295K
Total revenueLn 12$473K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $46K · Operating expenses/yr $466K
1.2 months
Where the money goes
Program services
Program services $294K · Total expenses $466K
63%
Management & General
Management & general $170K · Total expenses $466K
37%
Fundraising
Fundraising $2K · Total expenses $466K
0.4%
Cost to raise $1
Fundraising expense (3-yr avg) $760 · Solicited contributions (3-yr avg) $186K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $424K · Total revenue $473K
90%
Government reliance
Government grants $295K · Total revenue $473K
62%
Earned-income share
Program service revenue $33K · Total revenue $473K
7%
Investment reliance
Investment income $4K · Total revenue $473K
+0.8%
Program self-sufficiency
Program service revenue $33K · Total expenses $466K
7%
Growth & trend
Revenue growth (YoY)
This year $473K · Prior year $444K
+6%
Revenue CAGR
FY2019 $396K · FY2023 $473K
+4%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $473K · Expenses $466K
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
—
Net-asset ratio
Net assets $1.1M · Total assets $1.2M
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.2M
0%
People & payroll
Highest Reported Total Compensation
Individual Michael Swanson · Reported title Executive Dir. · Highest reported compensation $97K · Total expenses $466K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $325K · Total expenses $466K
70%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 63%——
Overhead ratio 37%——
Fundraising cost ratio 0.4%——
Revenue growth 6%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.3%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Dir.
$96,861Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Michael Swanson’s $97K as Executive Dir. is at the 82nd percentile of top reported officer pay among 1613 $100K–1M education 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michael Swanson$96,861$92,400$89,800$90,341—
Mike Swanson————$85,833

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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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Offers vocational training in a Christian community for rural Alaskans.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $294K of program spending, described in the organization's own filed words · FY2023.
01

Adult education in residential construction. Adult education in office procedures and accounting.

$294Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 3 funders$11K
See all 3 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $473K$466K+6% 990 PDF
FY2023 $444K$398K-26% 990 PDF
FY2022 $599K$335K-16% 990 PDF
FY2021 $711K$385K+79% 990 PDF
FY2020 $396K$409K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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