Alaska Rural Electric Cooperative Association Educational Foundation
- Assets
- $1.3m
- Revenue
- $187.1k
- Investments
- $1.3m
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 07/1991
- Data as of
- 12/2020
- EIN
- 94-3137784
Organization Overview
Alaska Rural Electric Cooperative Association Educational Foundation is located in Anchorage, AK. The organization was established in 1991. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Rural Electric Cooperative Association Educational Foundation 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 12/2020, Alaska Rural Electric Cooperative Association Educational Foundation generated $187.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $84.3k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Alaska Rural Electric Cooperative Association Educational Foundation has awarded 40 individual grants totaling $690,724. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAMS
SCHOLARSHIP PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Strub President | 1 | $0 | |
Dave Carey Vice President | 1 | $0 | |
Rick Solie Secretary | 1 | $0 | |
Crystal Enkvist Director | 1 | $0 | |
Peter Burchell Treasurer | 1 | $0 | |
Allen Jessup Sr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $97,184 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,927 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,028 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $187,139 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1 |
| Taxes | $405 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3 |
| Total operating and administrative expenses | $19,577 |
| Contributions, gifts, grants paid | $64,750 |
| Total expenses and disbursements | $84,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,749 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,000 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,348,976 |
| Accounts payable and accrued expenses | $104 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $104 |
Grants Awarded
Over the last fiscal year, Alaska Rural Electric Cooperative Association Educational Foundation has awarded $129,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
GOLDEN VALLEY ELECTRIC ASSOCIATION PURPOSE: SCHOLARSHIP PROGRAM | $24,750 |
GOLDEN VALLEY ELECTRIC ASSOCIATION PURPOSE: SCHOLARSHIP PROGRAM | $24,750 |
Palmer, AK PURPOSE: SCHOLARSHIP PROGRAM | $13,000 |
Palmer, AK PURPOSE: SCHOLARSHIP PROGRAM | $13,000 |
Anchorage, AK PURPOSE: SCHOLARSHIP PROGRAM | $9,000 |
Homer, AK PURPOSE: SCHOLARSHIP PROGRAM | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Breakthrough Energy Catalyst Foundation Kirkland, WA | $96,543,339 | $34,510,785 |
Northwest Energy Efficiency Council Seattle, WA | $2,426,845 | $2,193,570 |
Sustainable Energy For Galena Alaska Galena, AK | $263,318 | $972,661 |
Renewable Energy Alaska Project Anchorage, AK | $689,384 | $1,295,420 |
The Sustainable Living Center Walla Walla, WA | $170,305 | $884,284 |
Spark Northwest Seattle, WA | $744,607 | $966,398 |
Burn Design Lab Vashon, WA | $1,152,473 | $1,466,504 |
Coltura Seattle, WA | $128,354 | $285,328 |
Olympia Community Solar Olympia, WA | $338,622 | $541,383 |
Smart Buildings Center Education Program Seattle, WA | $268,428 | $143,677 |
Earth Givers Inc Olympia, WA | $60,400 | $0 |
Alaska Heat Smart Juneau, AK | $166,892 | $0 |