Port Alsworth Improvement Corporation
- Assets
- $888.7k
- Revenue
- $105.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Port Alsworth, AK
- Founding
- 07/1991
- Data as of
- 06/2022
- EIN
- 94-3137666
Organization Overview
Port Alsworth Improvement Corporation is located in Port Alsworth, AK. The organization was established in 1991. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Port Alsworth Improvement Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Port Alsworth Improvement Corporation 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 06/2022, Port Alsworth Improvement Corporation generated $105.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $109.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 7 years. 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
PROVIDE COMMUNITY WELFARE, DEVELOPMENT, MAINTENANCE AND OPERATION OF COMMUNITY FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PORT ALSWORTH IMPROVEMENT CORPORATION PERFORMS ROAD AND TRAIL MAINTENANCE, WASTE MANAGEMENT, AND PROVIDES FOR THE COMMON GOOD OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Alsworth Jr President | OfficerTrustee | 1.2 | $0 |
Eric Wardell Treasurer/se | OfficerTrustee | 1.2 | $0 |
Leo Fowler Vice Preside | OfficerTrustee | 1.2 | $0 |
Ralph Nabinger Director | Trustee | 1.2 | $0 |
Carlon Voran Director | Trustee | 1.2 | $0 |
Leon Alsworth Director | Trustee | 1.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,016 |
| All other contributions, gifts, grants, and similar amounts not included above | $223 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,239 |
| Total Program Service Revenue | $66,874 |
| Investment income | $198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $105,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,329 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,897 |
| Payroll taxes | $3,587 |
| 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 | $2,560 |
| Advertising and promotion | $0 |
| Office expenses | $11,551 |
| Information technology | $3,030 |
| Royalties | $0 |
| Occupancy | $1,108 |
| Travel | $3,588 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,434 |
| Insurance | $8,826 |
| All other expenses | $0 |
| Total functional expenses | $109,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $381,958 |
| Savings and temporary cash investments | $21 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $506,721 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $888,700 |
| Accounts payable and accrued expenses | $3,290 |
| 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 | $0 |
| Total liabilities | $3,290 |
| Net assets without donor restrictions | $876,086 |
| Net assets with donor restrictions | $9,324 |
| 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 | $888,700 |
Grants Awarded
Over the last fiscal year, Port Alsworth Improvement Corporation has awarded $46,434 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TANALIAN ELECTRIC CO-OP PURPOSE: New Powerhouse | $29,423 |
Port Alsworth, AK PURPOSE: Equipment | $17,011 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Plumbing And Pipefitting Industry Local 598 Pasco, WA | $6,094,887 | $3,800,217 |
Washington State Auto Dealers Association Renton, WA | $28,878,339 | $2,296,460 |
Service Employees International Union Seattle, WA | $343,381 | $918,627 |
Renton Ecumenical Association Of Churches Renton, WA | $307,717 | $791,910 |
Seattle Historic Waterfront Association Seattle, WA | $51,306 | $459,198 |
Greater Redmond Transportation Management Association Redmond, WA | $182,766 | $380,640 |
Simon Cyrene Society Monroe, WA | $152,369 | $385,297 |
Community Council Walla Walla, WA | $391,471 | $223,361 |
United Power Trades Organization West Richland, WA | $653,110 | $357,967 |
Wild Terra Foundation Seattle, WA | $2,496 | $277,725 |
Port Townsend Main Street Program Port Townsend, WA | $340,404 | $286,252 |
Civil Survival Project Seattle, WA | $43,433 | $0 |