Alaska Village Electric Cooperative Inc
- Assets
- $150.7m
- Revenue
- $69.7m
- Investments
- $918.2k
- Employees
- 112
- Location
- Anchorage, AK
- Founding
- 03/1969
- Data as of
- 12/2022
- EIN
- 92-0035763
Organization Overview
Alaska Village Electric Cooperative Inc is located in Anchorage, AK. The organization was established in 1969. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Alaska Village Electric Cooperative Inc employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Village Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Alaska Village Electric Cooperative Inc generated $69.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $72.9m during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELECTRIC POWER TO 58 REMOTE ALASKAN VILLAGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERATED 133.5M KWH FOR USE BY 11,512 CONSUMERS IN 58 VILLAGES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Stamm President & CEO | Officer | 45 | $276,545 |
Lenny Welch Mgr, Bethel Operations | 45 | $225,754 | |
Daniel Allis Mgr, Operations | 45 | $165,278 | |
William Thomson Engineering & Tech. Advisor | 45 | $163,676 | |
Rebecca Lopez CFO | Officer | 45 | $155,183 |
Scott Sanner Cio | 45 | $165,784 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ridge Contracting Inc Capital Projects | 12/30/22 | $4,507,617 |
Stg Inc Capital Projects | 12/30/22 | $1,706,759 |
Powergrid Partners Ltd Wind Tower Svc | 12/30/22 | $521,586 |
Dama Industrial Llc Capital Projects | 12/30/22 | $467,277 |
Crw Engineering Group Inc Engineering Svc | 12/30/22 | $383,295 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,956,734 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,956,734 |
| Total Program Service Revenue | $60,772,521 |
| Investment income | $1,686,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,317,359 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,708,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $817,688 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,326,099 |
| Pension plan accruals and contributions | $2,053,393 |
| Other employee benefits | $2,254,459 |
| Payroll taxes | $445,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $197,195 |
| Fees for services: Accounting | $93,310 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $967,954 |
| Advertising and promotion | $32,303 |
| Office expenses | $1,529,803 |
| Information technology | $494,019 |
| Royalties | $0 |
| Occupancy | $1,148,475 |
| Travel | $1,122,367 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,948 |
| Interest | $2,875,072 |
| Payments to affiliates | $156,229 |
| Depreciation, depletion, and amortization | $4,757,478 |
| Insurance | $251,038 |
| All other expenses | $59,508 |
| Total functional expenses | $72,863,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,864,534 |
| Pledges and grants receivable | $2,399,815 |
| Accounts receivable, net | $8,290,704 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $17,465,483 |
| Inventories for sale or use | $27,173,221 |
| Prepaid expenses and deferred charges | $653,159 |
| Net Land, buildings, and equipment | $80,499,728 |
| Investments—publicly traded securities | $3,541,664 |
| Investments—other securities | $918,183 |
| Investments—program-related | $4,917,304 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $150,723,795 |
| Accounts payable and accrued expenses | $3,029,529 |
| Grants payable | $0 |
| Deferred revenue | $6,165,655 |
| 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 | $63,755,332 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,670,595 |
| Total liabilities | $91,621,111 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $39,406,031 |
| Retained earnings, endowment, accumulated income, or other funds | $19,696,653 |
| Total liabilities and net assets/fund balances | $150,723,795 |