Alaska Power Association
- Assets
- $1.0m
- Revenue
- $1.3m
- Investments
- $478.2k
- Employees
- 14
- Location
- Anchorage, AK
- Founding
- 04/1979
- Data as of
- 12/2023
- 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 12/2023, Alaska Power Association employed 14 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 12/2023, Alaska Power Association generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 2.5% 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
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 |
|---|---|---|---|
Crystal Enkvist Executive Director | Officer | 20 | $97,657 |
Brenda Mead CFO | Officer | 0.06 | $377 |
Michael Rovitio Deputy Director | Officer | 40 | $114,228 |
Linda Freed President | OfficerTrustee | 1 | $0 |
Tom Delong Vice President | OfficerTrustee | 1 | $0 |
Jodi Mitchell Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $641,107 |
| Fundraising events | $0 |
| Related organizations | $15,835 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,710 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $672,652 |
| Total Program Service Revenue | $533,121 |
| Investment income | $18,989 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,600 |
| Net Gain/Loss on Asset Sales | $43,511 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,269,873 |
| 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. | $366,031 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,088 |
| Pension plan accruals and contributions | $20,092 |
| Other employee benefits | $32,380 |
| Payroll taxes | $24,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,624 |
| Fees for services: Accounting | $29,489 |
| Fees for services: Lobbying | $40,250 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,575 |
| Fees for services: Other | $74,990 |
| Advertising and promotion | $9,185 |
| Office expenses | $18,164 |
| Information technology | $22,371 |
| Royalties | $0 |
| Occupancy | $47,876 |
| Travel | $72,385 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $135,004 |
| Interest | $6,915 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,233 |
| Insurance | $14,296 |
| All other expenses | $2,782 |
| Total functional expenses | $1,120,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,272 |
| Savings and temporary cash investments | $73,532 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,649 |
| 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 | $42,196 |
| Net Land, buildings, and equipment | $20,312 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $478,185 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $204,764 |
| Total assets | $1,034,910 |
| Accounts payable and accrued expenses | $92,317 |
| Grants payable | $0 |
| Deferred revenue | $63,500 |
| 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 | $158,317 |
| Net assets without donor restrictions | $876,593 |
| 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 | $1,034,910 |