Alaska Rural Electric Cooperative Association Educational Foundation
- Assets
- $1.3m
- Revenue
- $56.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 07/1991
- Data as of
- 12/2023
- 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 12/2023, Alaska Rural Electric Cooperative Association Educational Foundation generated $56.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $98.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 9 years. 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 48 individual grants totaling $826,094. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Strub President | 1 | $0 | |
Brad Janorschke Vice President | 1 | $0 | |
Dianne King Secretary/treasurer | 1 | $0 | |
Crystal Enkvist Director | 1 | $0 | |
Rick Solie Director | 1 | $0 | |
Craig Mcconnell Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,550 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,605 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,852 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,007 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $134 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29 |
| Total operating and administrative expenses | $20,741 |
| Contributions, gifts, grants paid | $77,210 |
| Total expenses and disbursements | $97,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,156 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $1,304,727 |
| Accounts payable and accrued expenses | $12,850 |
| 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 | $12,850 |
Grants Awarded
Over the last fiscal year, Alaska Rural Electric Cooperative Association Educational Foundation has awarded $77,210 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GOLDEN VALLEY ELECTRIC ASSOCIATION PURPOSE: SCHOLARSHIPS | $30,875 |
NUSHAGAK COOPERATIVE PURPOSE: SCHOLARSHIPS | $21,000 |
ALASKA POWER ASSOCIATION PURPOSE: SCHOLARSHIPS | $15,835 |
HOMER ELECTRIC ASSOCIATION PURPOSE: SCHOLARSHIPS | $9,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Breakthrough Energy Catalyst Foundation Kirkland, WA | $452,252,817 | $358,545,515 |
Sustainable Energy For Galena Alaska Galena, AK | $424,517 | $2,661,695 |
Northwest Energy Efficiency Council Seattle, WA | $2,895,175 | $2,386,665 |
Spark Northwest Seattle, WA | $1,241,596 | $1,597,810 |
Renewable Energy Alaska Project Anchorage, AK | $648,646 | $1,101,702 |
The Sustainable Living Center Walla Walla, WA | $1,235 | $847,802 |
Coltura Seattle, WA | $230,784 | $652,932 |
Burn Design Lab Vashon, WA | $1,080,975 | $422,311 |
Olympia Community Solar Olympia, WA | $674,227 | $755,307 |
Climate Collaborative Bellingham, WA | $294,321 | $382,009 |
Alaska Heat Smart Juneau, AK | $301,748 | $284,795 |
Net-Negative Co2 Baseload Power Inc West Richland, WA | $108,284 | $310,000 |
Smart Buildings Center Education Program Seattle, WA | $367,803 | $339,292 |
Alaska Rural Electric Cooperative Association Educational Foundation Anchorage, AK | $1,304,727 | $56,007 |
Solar Washington Association Issaquah, WA | $37,685 | $0 |
Earth Givers Inc Olympia, WA | $66,971 | $0 |
Irha Energy Services Inc Fairbanks, AK | $289,534 | $0 |