Alaska Pacific University
- Assets
- $163.6m
- Revenue
- $27.3m
- Investments
- $21.2m
- Employees
- 327
- Location
- Anchorage, AK
- Founding
- 03/1962
- Data as of
- 06/2021
- EIN
- 92-0023588
Organization Overview
Alaska Pacific University is located in Anchorage, AK. The organization was established in 1962. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Alaska Pacific University employed 327 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Pacific University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Alaska Pacific University generated $27.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $19.7m during the year ending 06/2021. While expenses have increased by 1.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC INSTRUCTION AND SUPPORT SERVICES INCLUDING INSTRUCTIONAL LABS, RESEARCH, AND PUBLIC SERVICE PROGRAMS
STUDENT AND AUXILIARY SERVICES INCLUDING HOUSING, CAFETERIA, AND STUDENT-FOCUSED ACTIVITIES
INSTITUTIONAL FINANCIAL AID - 355 STUDENTS WERE SERVED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Harris Faculty Professor | 40 | $177,237 | |
Dr Virginia Hilton Hallock Provost | 40 | $146,760 | |
Erik Flora Director Nordic Ski Center | 40 | $144,038 | |
Nathan Wolf Assistant Professor | 40 | $137,104 | |
Sheila King CFO | Officer | 40 | $123,189 |
Stephanie Morgan Faculty - Assoc. Professor/dir | 40 | $108,119 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alaska Pacific Maintenance Facilities Maint. | 6/29/21 | $265,267 |
Rim Architects Llc Construction Srvcs. | 6/29/21 | $250,478 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $799,476 |
| Government grants | $5,558,723 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,232,523 |
| Noncash contributions included in lines 1a–1f | $35,450 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,590,722 |
| Total Program Service Revenue | $9,450,974 |
| Investment income | $7,330 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,065,979 |
| Net Gain/Loss on Asset Sales | $4,472 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,263,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $429,611 |
| Grants and other assistance to domestic individuals. | $2,639,062 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $230,461 |
| Compensation of current officers, directors, key employees. | $230,461 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,720 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $19,698,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,482,351 |
| Savings and temporary cash investments | $6,529,737 |
| Pledges and grants receivable | $6,117,465 |
| Accounts receivable, net | $1,358,068 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,309 |
| Prepaid expenses and deferred charges | $149,150 |
| Net Land, buildings, and equipment | $126,736,593 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $21,231,587 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $163,618,260 |
| Accounts payable and accrued expenses | $2,955,597 |
| Grants payable | $0 |
| Deferred revenue | $2,859,506 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,674,816 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $436,438 |
| Total liabilities | $13,926,357 |
| Net assets without donor restrictions | $122,159,622 |
| Net assets with donor restrictions | $27,532,281 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $163,618,260 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Alaska Pacific University has recieved totaling $757,427.
| Awarding Organization | Amount |
|---|---|
Direct Relief Santa Barbara, CA PURPOSE: FUND FOR HEALTH EQUITY | $228,615 |
Atwood Foundation Incorporated Anchorage, AK PURPOSE: SCHOLARSHIPS | $150,000 |
Alaska Conservation Foundation Anchorage, AK PURPOSE: COLLECTIVE CONSERV | $106,846 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL PURPOSE: EDUCATIONAL GRANT | $50,000 |
Alaska Community Foundation Anchorage, AK | | $44,000 |
St Joseph Health System Foundation Irvine, CA PURPOSE: SPONSORSHIP | $35,000 |
Endowment Analysis
| Beg. Balance | $16,785,127 |
| Earnings | $2,784,863 |
| Net Contributions | $645,371 |
| Other Expense | $648,525 |
| Grants | $78,593 |
| Ending Balance | $19,488,243 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City University Of Seattle Seattle, WA | $61,927,042 | $38,289,518 |
University Of Providence Renton, WA | $51,378,386 | $28,720,547 |
Heritage University Toppenish, WA | $68,456,151 | $36,946,289 |
Alaska Pacific University Anchorage, AK | $163,618,260 | $27,263,260 |
Western Washington University Foundation Bellingham, WA | $158,845,828 | $9,863,334 |
Eastern Washington University Foundation Cheney, WA | $52,356,011 | $6,519,839 |
Great Northern University Spokane, WA | $523,944 | $787,424 |
Achievement Rewards For College Scientists Seattle Chapter Seattle, WA | $1,444,916 | $672,744 |
Northwest Indian College Foundation Bellingham, WA | $7,785,899 | $1,352,551 |
Washington Pulp & Paper Foundation Inc College Of Forest Resources Seattle, WA | $5,143,480 | $343,752 |
Cardinal Newman Professorship Foundation Inc Anchorage, AK | $2,204,902 | $139,704 |
Blue Creek Lodge And Study Center Spokane, WA | $16,714 | $0 |