Alaska Power Association
- Assets
- $819.4k
- Revenue
- $909.5k
- Investments
- $0.0
- Employees
- 10
- Location
- Anchorage, AK
- Founding
- 04/1979
- Data as of
- 12/2021
- EIN
- 92-0069880
Organization Overview
Alaska Power Association is located in Anchorage, AK. The organization was established in 1979. 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 12/2021, Alaska Power Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Power Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Alaska Power Association generated $909.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $956.5k during the year ending 12/2021. 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
COMMUNICATIONS - TO PROMOTE COMMUNICATIONS REGARDING ISSUES PERTINENT TO THE ELECTRIC UTILITY AND RELATED IMPAC SAFETY AWARENESS.
GOVERNMENT RELATIONS - TO MOTIVATE THE LEGISLATURE TO DEDICATE RAILBELT ENERGY FUND MONEY TOWARD TWO INTERTIES AND PROVIDE INSTITUTIONAL COOPERATIVE ADVERTISING.
GENERAL PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Rovitio Deputy Director | Officer | 50 | $103,351 |
Crystal Enkvist Executive Director | Officer | 20 | $98,248 |
Brenda Mead CFO | Trustee | 0.06 | $339 |
Trey Acteson President | OfficerTrustee | 1 | $0 |
Harold Hollis Secretary | OfficerTrustee | 1 | $0 |
Linda Freed Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $564,535 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $588,335 |
| Total Program Service Revenue | $318,799 |
| Investment income | $2,560 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$148 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $909,546 |
| 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. | $340,975 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,051 |
| Pension plan accruals and contributions | $16,440 |
| Other employee benefits | $38,922 |
| Payroll taxes | $22,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,705 |
| Fees for services: Accounting | $17,590 |
| Fees for services: Lobbying | $40,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,601 |
| Fees for services: Other | $43,136 |
| Advertising and promotion | $5,500 |
| Office expenses | $16,473 |
| Information technology | $27,266 |
| Royalties | $0 |
| Occupancy | $45,450 |
| Travel | $17,208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,794 |
| Interest | $8,840 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,700 |
| Insurance | $12,769 |
| All other expenses | $3,369 |
| Total functional expenses | $956,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,598 |
| Savings and temporary cash investments | $423,190 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,141 |
| 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 | $41,752 |
| Net Land, buildings, and equipment | $47,265 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,470 |
| Total assets | $819,416 |
| Accounts payable and accrued expenses | $81,440 |
| Grants payable | $0 |
| Deferred revenue | $9,850 |
| 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 | $2,500 |
| Total liabilities | $93,790 |
| Net assets without donor restrictions | $725,626 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $819,416 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alaska Power Association has recieved totaling $14,400.
| Awarding Organization | Amount |
|---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: EDUCATIONAL FUND-NRECA YOUTH TOUR OF WASHINGTON, DC | $14,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inland Power & Light Co Spokane, WA | $298,221,337 | $90,911,502 |
Breakthrough Energy Foundation Kirkland, WA | $272,263,093 | $53,009,802 |
Peninsula Light Company Inc Gig Harbor, WA | $206,412,044 | $64,241,054 |
Alaska Village Electric Cooperative Inc Anchorage, AK | $149,755,137 | $62,136,237 |
Benton Rural Electric Association Prosser, WA | $100,163,870 | $44,244,946 |
Big Bend Electric Cooperative Inc Ritzville, WA | $77,547,194 | $40,611,913 |
Orcas Power & Light Cooperative Eastsound, WA | $113,042,035 | $35,371,006 |
Columbia Rural Electric Association Inc Walla Walla, WA | $105,545,364 | $36,917,429 |
Barrow Utilities & Electric Coopera Barrow, AK | $51,955,747 | $30,800,786 |
Peak Reliability Vancouver, WA | $0 | $48,178 |
Copper Valley Electric Association Inc Glennallen, AK | $79,168,354 | $26,151,233 |
Kodiak Electric Association Inc Kodiak, AK | $193,354,894 | $25,349,033 |