Alaska Electrical Legal Trust
- Assets
- $10.0m
- Revenue
- $932.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 08/1995
- Data as of
- 12/2023
- EIN
- 92-0058156
Organization Overview
Alaska Electrical Legal Trust is located in Anchorage, AK. The organization was established in 1995. According to its NTEE Classification (I02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Electrical Legal Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Alaska Electrical Legal Trust generated $932.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $885.5k during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PLAN PROVIDES PAYMENT FOR LEGAL SERVICES INCLUDING INVESTIGATIVE SERVICES WHEN SUCH SERVICES ARE RENDERED BY AN APPROVED ATTORNEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGAL SERVICES PAID FOR ELIGIBLE PLAN PARTICIPANTS
LEGAL SERVICES PAID FOR ELIGIBLE PLAN PARTICIPANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Bell Trustee | Trustee | 1 | $0 |
Josh Coghill Trustee | Trustee | 1 | $0 |
Steve Wisdorf Trustee | Trustee | 1 | $0 |
Marcus Beckmann Trustee | Trustee | 1 | $0 |
Laura Bonner Trustee | Trustee | 1 | $0 |
Serena Green Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $706,555 |
| Investment income | $261,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35,680 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $932,387 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $692,080 |
| Compensation of current officers, directors, key employees. | $962 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,890 |
| Pension plan accruals and contributions | $13,438 |
| Other employee benefits | $20,369 |
| Payroll taxes | $4,875 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,723 |
| Fees for services: Accounting | $25,804 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,406 |
| Fees for services: Other | $180 |
| Advertising and promotion | $0 |
| Office expenses | $9,869 |
| Information technology | $3,186 |
| Royalties | $0 |
| Occupancy | $3,607 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,337 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99 |
| Insurance | $9,537 |
| All other expenses | $103 |
| Total functional expenses | $885,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $622 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,727 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,971 |
| Net Land, buildings, and equipment | $422 |
| Investments—publicly traded securities | $9,952,465 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,006,707 |
| Accounts payable and accrued expenses | $115,371 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $304,473 |
| Total liabilities | $419,844 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $9,586,863 |
| 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 | $10,006,707 |
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