Partnership Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE MISSION OF THE PARTNERSHIP IS TO DESIGN, FUND, AND CONSTRUCT THE NEW JUNEAU ARTS AND CULTURAL CENTER (JACC).
- Income
- $617,186
- Spending
- $108,054
- Spent on programs
- 51%
- Reserves
- Over 10 years of spending
- Largest source of income
- donations and private grants, 76%
- Employees
- 0
- Highest pay
- $40,140, executive di
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 93 out of 100. Higher than 78% of charities in its peer group (arts and culture, $250k to $1m).
Reserves
35 of 35Spendable reserves would cover more than ten years of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 82% of income.
Income trend
15 of 15Income rose 82% on the year before.
Spending floor
8 of 1551% of spending went to programs and raising each dollar of donations cost 3 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 68 out of 100. Higher than 44% of charities in its peer group (arts and culture, $250k to $1m).
Independent board
25 of 2514 of 15 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $55,224 spent. THE PURPOSE OF THE PARTNERSHIP INC (NEW JACC) IS TO CONSTRUCT A BUILDING THAT BRINGS TOGETHER ARTISTIC AND CULTURAL ACTIVITIES. IT WILL BE A MULTI- PURPOSE FACILITY SERVING AS A HOME FOR THE JUNEAU ARTS & HUMANITIES COUNCIL & OTHER ARTS ORGANIZATIONS, AND WILL PROVIDE SPACE FOR PERFORMANCES, EXHIBITS, CELEBRATIONS AND GATHERINGS FOR THE ENGAGEMENT AND IMPROVEMENT OF THE JUNEAU COMMUNITY. CONTINUED WORK TO RAISE THE FUNDS NEEDED TO COMPLETE DESIGN AND BEGIN CONSTRUCTION. 57,012 OF PRE-DESIGN WORK WAS CAPITALIZED DURING THIS FISCAL YEAR. BEGAN EXPLORING A POTENTIAL PRIVATE-PUBLIC PARTNERSHIP WITH OTHER NON- PROFIT ORGANIZATIONS AND MUNICIPAL GOVERNMENT, THAT WOULD ALLOW THE PROJECT TO EXPAND ITS REACH BEYOND THE ARTS AND CULTURE SECTOR, ULTIMATELY ENCOURAGING BROAD PARTICIPATION AND ENGAGEMENT BY THE COMMUNITY AND THE CONVENTION/VISITOR INDUSTRY. THE PURPOSE OF THE PARTNERSHIP INC (NEW JACC) IS TO CONSTRUCT A BUILDING THAT BRINGS TOGETHER ARTISTIC AND CULTURAL ACTIVITIES. IT WILL BE A MULTI- PURPOSE FACILITY SERVING AS A HOME FOR THE JUNEAU ARTS & HUMANITIES COUNCIL & OTHER ARTS ORGANIZATIONS, AND WILL PROVIDE SPACE FOR PERFORMANCES, EXHIBITS, CELEBRATIONS AND GATHERINGS FOR THE ENGAGEMENT AND IMPROVEMENT OF THE JUNEAU COMMUNITY. CONTINUED WORK TO RAISE THE FUNDS NEEDED TO COMPLETE DESIGN AND BEGIN CONSTRUCTION. 57,012 OF PRE-DESIGN WORK WAS CAPITALIZED DURING THIS FISCAL YEAR. BEGAN EXPLORING A POTENTIAL PRIVATE-PUBLIC PARTNERSHIP WITH OTHER NON- PROFIT ORGANIZATIONS AND MUNICIPAL GOVERNMENT, THAT WOULD ALLOW THE PROJECT TO EXPAND ITS REACH BEYOND THE ARTS AND CULTURE SECTOR, ULTIMATELY ENCOURAGING BROAD PARTICIPATION AND ENGAGEMENT BY THE COMMUNITY AND THE CONVENTION/VISITOR INDUSTRY.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 2014.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.