Nonprofit · EIN 92-0076696
ASSETS INCORPORATED
Tax-exempt · ANCHORAGE, AK 99508
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $14,504,489 | $15,465,397 | -$960,908 | $9,353,254 | $1,359,223 | $7,994,031 |
| June 30, 2024 | 990 (amended) | $13,443,409 | $14,718,469 | -$1,275,060 | $10,662,988 | $1,670,487 | $8,992,501 |
| June 30, 2023 | 990 | $14,025,803 | $13,835,202 | $190,601 | $12,418,078 | $113,016 | $12,305,062 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $60,861
- of which government grants
- $51,386
- Program service revenue
- $13,628,795
- Investment income
- $357,366
- Net gain from sales of assets
- $33,107
- Other revenue
- $457,467
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $406,576
- Other salaries and wages
- $9,060,382
- Salaries, compensation and benefits (total)
- $12,705,133
- Professional fundraising fees
- $0
- Legal fees
- $1,885
- Accounting fees
- $83,343
- Occupancy
- $478,096
- Travel
- $112,094
- Depreciation
- $156,039
- Program services (functional)
- $12,048,359
- Management and general (functional)
- $3,417,038
Balance sheet and other
- Total assets, start of year
- $10,662,988
- Total assets, end of year
- $9,353,254
- Total liabilities, end of year
- $1,359,223
- Net assets, end of year
- $7,994,031
- Land, buildings and equipment
- $917,401
- Publicly traded securities
- $5,187,192
- Net assets without donor restrictions
- $7,994,031
- Gross receipts
- $15,471,382
- Employees
- 388
- Volunteers
- 7
- Year formed
- 1980
- State of legal domicile
- AK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Matthew Jones | CEO Officer | 40 | $148,141 |
| Chuck Almasy | COO Officer | 40 | $133,014 |
| Martha J Romero | Director of Behavi | 40 | $121,737 |
| Amber Campbell | Finance Dir Officer | 40 | $101,741 |
| Brenda Duty | Chairman Trustee or director, Officer | 2 | $0 |
| Wallace Jenkins | Treasurer Trustee or director, Officer | 2 | $0 |
| Lisa Pinkston | Secretary Trustee or director, Officer | 2 | $0 |
| Michael Ashmore | Board Member Trustee or director | 2 | $0 |
| Kelley Clouser | Board Member Trustee or director | 2 | $0 |
| Devon Rust | Board Member Trustee or director | 2 | $0 |
| Krystal Blair | Board Member Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Matthew Jones | CEO Officer | 40 | $148,532 |
| Chuck Almasy | COO Officer | 40 | $133,961 |
| Martha J Romero | Director of Behavi | 40 | $132,555 |
| Renee Behrendt | Finance Dir Officer | 40 | $79,110 |
| Amber Campbell | Finance Dir Officer | 40 | $71,882 |
| Travers Gee | Chairman Trustee or director, Officer | 2 | $0 |
| Brenda Duty | Vice Chair Trustee or director, Officer | 2 | $0 |
| Faith Myers | Secretary Trustee or director, Officer | 2 | $0 |
| Michael Ashmore | Board Member Trustee or director | 1 | $0 |
| Kelley Clouser | Board Member Trustee or director | 1 | $0 |
| Wallace Jenkins | Treasurer Trustee or director, Officer | 1 | $0 |
| Lisa Pinkston | Board Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Matthew Jones | CEO Officer | 40 | $155,000 | $7,750 |
| Chuck Almasy | COO Officer | 40 | $133,961 | $16,196 |
| Martha J Romero | Director of Behavi | 40 | $123,836 | $9,362 |
| Renee Behrendt | Finance Dir Officer | 40 | $79,110 | $2,844 |
| Travers Gee | Chairman Trustee or director, Officer | 2 | $0 | $0 |
| Wallace Jenkins | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Brenda Duty | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Faith Meyers | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Micheal Ashmore | Board Member Trustee or director | 1 | $0 | $0 |
| Gina Bastian | Board Member Trustee or director | 1 | $0 | $0 |
| Kelly Clouser | Board Member Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2330 NICHOLS ST, ANCHORAGE, AK 99508-3458
- In care of
- % LESA ALLEN
- Principal officer (990 for 2024)
- Matthew Jones, 2330 Nichols St, Anchorage, AK 99508
- Signed the 990
- Amber Campbell, Finance Director
- Phone
- (907) 334-8622
- Website
- www.assetsinc.org
- Return prepared by
- ALTMAN ROGERS & CO
Mission
Assets, Inc. (the Organization) is a not-for-profit corporation organized for the purpose of providing services that promote the independence of Anchorage area individuals who, due to the nature and severity of their disabilities, need support to live and work in the community. The company provides vocational training, supported living, and employment services conductive to this purpose, including assessment, community employment, and ongoing support services.
Program accomplishments
- Contract Services - Assets has achieved the employment of approximately 150 individuals with cognitive or intellectual disabilities by directly employing persons with disabilities to provide the operations of several federal, state, and private contracts the organization operates within the community.Expenses $7,386,351 · revenue $9,112,927
- Supported Employment - assists individuals to obtain and retain employment within local businesses. Currently works with over 40 local employers.Supported Living Services - skill building, coaching, and resource coordination to assist individuals to live in their own homes.Expenses $4,662,008 · revenue $4,973,335
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 92-0076696
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J200)
- Assets (IRS master file)
- $9,353,254
- Income (IRS master file)
- $15,471,382
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $14,504,489 | $15,465,397 | $9,353,254 | XML |
| 990 | June 2024 | $13,443,409 | $14,718,469 | $10,662,988 | XML |
| 990 | June 2023 | $14,025,803 | $13,835,202 | $12,418,078 | XML |
| 990 | June 2022 | $14,279,627 | $14,372,015 | $12,175,098 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 92-0076696).
Questions about ASSETS INCORPORATED
- What is the EIN of ASSETS INCORPORATED?
- The employer identification number (EIN) of ASSETS INCORPORATED is 92-0076696.
- Is ASSETS INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to ASSETS INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASSETS INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASSETS INCORPORATED due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASSETS INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ASSETS INCORPORATED?
- The 990 for the year ended June 30, 2025 names Matthew Jones.
- Who are the officers and directors of ASSETS INCORPORATED?
- The 990 for the year ended June 30, 2025 lists 11 people; 4 received compensation from the organization, the highest $148,141 (Matthew Jones, CEO).
- How much revenue does ASSETS INCORPORATED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $14,504,489, expenses of $15,465,397 and total assets of $9,353,254 at year end.
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