Civic Intelligence

Alaska Pacific University

EIN 92-0023588 • 501(c)3 • Anchorage, AK

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Profile

Apu provides a world-class, hands-on, culturally-responsive educational experience in collaboration with our students, communities, and tribal partners.

4101 University DriveAnchorage, AK 99508-4672

www.alaskapacific.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.04x

Higher debt load relative to assets than 19% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.23x

Higher debt load relative to revenue than 33% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

72nd percentile

15%

Higher net margin than 72% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

33rd percentile

$368,559

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

34th percentile

2.2%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

84th percentile

31%

Faster revenue growth than 84% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$167,717,678

Up $3,596,046 (+2.2%) from 2023

Liabilities

Down

$7,530,239

Down $3,551,000 (-32%) from 2023

Net Assets

Up

$160,187,439

Up $7,147,046 (+4.7%) from 2023

Operations
Liabilities / Revenue33rd percentileNet Margin72nd percentile

Revenue

Up

$32,236,568

Up $7,678,862 (+31%) from 2023

Expenses

Up

$27,389,522

Up $3,570,988 (+15%) from 2023

Net Income

Up

$4,847,046

Up $4,107,874 (+556%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth34th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0Assets 2010: $76,522,608Liabilities 2010: $33,385,081Net Assets 2010: $43,137,5272010Assets 2011: $75,003,753Liabilities 2011: $32,283,897Net Assets 2011: $42,719,8562011Assets 2012: $82,660,899Liabilities 2012: $37,323,806Net Assets 2012: $45,337,0932012Assets 2013: $127,662,584Liabilities 2013: $37,929,957Net Assets 2013: $89,732,6272013Assets 2014: $127,970,545Liabilities 2014: $37,549,270Net Assets 2014: $90,421,2752014Assets 2015: $129,696,939Liabilities 2015: $40,269,450Net Assets 2015: $89,427,4892015Assets 2016: $121,409,830Liabilities 2016: $35,038,592Net Assets 2016: $86,371,2382016Assets 2017: $116,406,712Liabilities 2017: $32,926,854Net Assets 2017: $83,479,8582017Assets 2018: $162,460,456Liabilities 2018: $34,412,267Net Assets 2018: $128,048,1892018Assets 2019: $134,770,382Liabilities 2019: $8,785,927Net Assets 2019: $125,984,4552019Assets 2020: $144,152,746Liabilities 2020: $15,025,396Net Assets 2020: $129,127,3502020Assets 2021: $163,618,260Liabilities 2021: $13,926,357Net Assets 2021: $149,691,9032021Assets 2022: $156,786,376Liabilities 2022: $10,485,155Net Assets 2022: $146,301,2212022Assets 2023: $164,121,632Liabilities 2023: $11,081,239Net Assets 2023: $153,040,3932023Assets 2024: $167,717,678Liabilities 2024: $7,530,239Net Assets 2024: $160,187,4392024

Highlighted filing

2024

Assets$167,717,678
Liabilities$7,530,239
Net Assets$160,187,439
Open 2024 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $16,268,5812010Expenses 2011: $16,869,3442011Expenses 2012: $18,363,2152012Expenses 2013: $19,297,9542013Revenue 2014: $19,883,481Expenses 2014: $19,198,892Net Income 2014: $684,5892014Revenue 2015: $17,225,031Expenses 2015: $18,215,800Net Income 2015: -$990,7692015Revenue 2016: $15,550,631Expenses 2016: $18,606,882Net Income 2016: -$3,056,2512016Revenue 2017: $19,673,958Expenses 2017: $19,075,338Net Income 2017: $598,6202017Revenue 2018: $16,955,390Expenses 2018: $18,611,083Net Income 2018: -$1,655,6932018Revenue 2019: $17,589,339Expenses 2019: $19,653,073Net Income 2019: -$2,063,7342019Revenue 2020: $17,604,881Expenses 2020: $18,985,030Net Income 2020: -$1,380,1492020Revenue 2021: $27,263,260Expenses 2021: $19,698,210Net Income 2021: $7,565,0502021Revenue 2022: $22,492,550Expenses 2022: $22,683,232Net Income 2022: -$190,6822022Revenue 2023: $24,557,706Expenses 2023: $23,818,534Net Income 2023: $739,1722023Revenue 2024: $32,236,568Expenses 2024: $27,389,522Net Income 2024: $4,847,0462024

Highlighted filing

2024

Revenue$32,236,568
Expenses$27,389,522
Net Income$4,847,046
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$167,717,678
Liabilities
$7,530,239
Net assets
$160,187,439
Revenue
$32,236,568
Expenses
$27,389,522
Net income
$4,847,046
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$168$7.53$160$32.2$27.4$4.85
2023Detailed filing. Detailed filing data is available for this year.$164$11.1$153$24.6$23.8$0.74
2022Detailed filing. Detailed filing data is available for this year.$157$10.5$146$22.5$22.7$0.19
2021Detailed filing. Detailed filing data is available for this year.$164$13.9$150$27.3$19.7$7.57
2020Detailed filing. Detailed filing data is available for this year.$144$15.0$129$17.6$19.0$1.38
2019Detailed filing. Detailed filing data is available for this year.$135$8.79$126$17.6$19.7$2.06
2018Detailed filing. Detailed filing data is available for this year.$162$34.4$128$17.0$18.6$1.66
2017Detailed filing. Detailed filing data is available for this year.$116$32.9$83.5$19.7$19.1$0.60
2016Detailed filing. Detailed filing data is available for this year.$121$35.0$86.4$15.6$18.6$3.06
2015Detailed filing. Detailed filing data is available for this year.$130$40.3$89.4$17.2$18.2$0.99
2014Detailed filing. Detailed filing data is available for this year.$128$37.5$90.4$19.9$19.2$0.68
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$128$37.9$89.7$19.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$82.7$37.3$45.3$18.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.0$32.3$42.7$16.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.5$33.4$43.1$16.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$32,236,568
Mission and Program Overview

Mission

APU provides a world-class, hands-on, culturally-responsive educational experience in collaboration with our students, communities, and Tribal partners.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$130,918,139$136,644,789▲ $5,726,650
Investments Other Securities$19,458,897$23,328,333▲ $3,869,436
Pledges and Grants Receivable$8,189,250$3,250,020▼ $4,939,230
Savings and Temporary Cash Investments$4,642,410$3,243,488▼ $1,398,922
Accounts Receivable$624,036$1,006,034▲ $381,998
Prepaid Expenses and Deferred Charges$188,953$234,515▲ $45,562
Inventories for Sale or Use$6,101$6,101→ $0
Cash and Non-Interest-Bearing Accounts$93,846$4,398▼ $89,448
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$164,121,632$167,717,678▲ $3,596,046
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,513,908$0▼ $5,513,908
Accounts Payable and Accrued Expenses$2,667,376$4,712,225▲ $2,044,849
Deferred Revenue$2,868,857$2,779,514▼ $89,343
Other Liabilities$31,098$38,500▲ $7,402
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$11,081,239$7,530,239▼ $3,551,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$127,378,697$130,457,826▲ $3,079,129
Net Assets With Donor Restrictions$25,661,696$29,729,613▲ $4,067,917
Total Net Assets Fund Balance$153,040,393$160,187,439▲ $7,147,046
Total Liabilities and Net Assets / Fund Balance$164,121,632$167,717,678▲ $3,596,046

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$26,305,648$6,363,966$32,669,614
Land$100,826,578-$23,106,578
Other Land Buildings$6,067,341$0$6,067,341
Equipment$484,321$3,715,099$4,199,420
Leasehold Improvements$2,960,901$347,346$1,678,247
Closely Held Equity Interests$23,328,333--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$18,347,261$3,775,663▲ $1,381,353$516,174$22,879,606
2022$17,938,348$725,869▲ $881,566$1,106,418$18,347,261
2021$19,488,243$230,071▼ $1,183,279$513,030$17,938,348
2020$16,785,127$645,371▲ $2,784,863$648,525$19,488,243
2019$17,067,137$320,357▼ $96,356$463,240$16,785,127
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mia HeavenerTrustee-$271,771$23,932$295,703
Jim RobertsChair-$239,631$28,414$268,045
Sheila KingCFO (July 2023-June 2024)FT$162,990$19,167$182,157
Erik FloraDirector Nordic Ski CenterFT$150,103$27,986$178,089
Janelle VanassePresidentFT$138,618$27,972$166,590
Bradley HarrisFaculty ProfessorFT$153,336$13,001$166,337
Jason HartTreasurer-$134,130$27,589$161,719

Board Members and Trustees

NameTitle
Liz La quen naay Medicine CrowVice Chair
Marianne MurrayFaculty - Assoc. Professor/Director
Cory Lepore JrTrustee
Don Keil JrTrustee
Edna ApatikiTrustee
Joe Williams JrTrustee
LeeAnn GarrickTrustee
Lucy Anasuk NelsonTrustee
Margie NelsonTrustee
Matt CarleTrustee
Roy AgloingaTrustee
Tina WoodsTrustee
Trigg DavisTrustee
Nathan WolfAssistant Professor
Eric StockettCFO (June 2024)
Dr Virginia Hilton HallockProvost
Susan AndersonSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Olgoonik Construction Services LLCConstruction Service3201 C Street, Anchorage, AK 99503$3,732,609
Nana Management ServicesHospitality Mgmt800 E Dimond Blvd STE 3-450, Anchorage, AK 99515$892,456
Circle Plumbing Heating IncConstruction Service1321 E 69th Ave, Anchorage, AK 99518$458,170
Amac LLCConstruction Service13340 Floral Lane, Anchorage, AK 99516$369,680
Bdo USAAccounting Services3601 C Street ste 600, Anchorage, AK 99503$151,543
Revenue and Support

Revenue Composition

Contributions and Grants
$11,291,656
Program Service Revenue
$11,799,582
Investment Income
$150,986
Other Revenue
$8,994,344
All Other Contributions
$2,176,295
Change in Net Assets
$4,847,046

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table30$37,500Fair Market Value (FMV)
Total Noncash Contributions30$37,500-

Audited Revenue Reconciliation

Revenue per Audited Statements
$29,252,981
Revenue Not Reported on Financial Statements
$2,983,587
Revenue Not Reported on Form 990
$2,300,000
Other Revenue Adjustments
$2,983,587
Total Revenue per Audited Statements
$31,552,981
Total Revenue per Form 990
$32,236,568
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,005,391
Grants and Similar Amounts Paid$5,060,383
Total Fundraising Expense$336,588
Salaries, Compensation, and Employee Benefits$323,748
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,983,587--$2,983,587
Other Expenses$6,256,775$2,583,594$336,588$2,920,182
Grants to Domestic Orgs$2,076,796--$2,076,796
Current Officers, Directors, Trustees, and Key Employees-$323,748-$323,748
Interest-$8,322-$8,322
Total Functional Expenses$24,137,270$2,915,664$336,588$27,389,522

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$27,389,522
Expenses per Audited Statements$24,405,935
Total Expenses per Audited Statements$24,405,935
Expenses Not Reported on Financial Statements$2,983,587
Other Expense Adjustments$2,983,587
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
APU FoundationAnchorage, AK501(c)(3)Support Investment$2,045,489
Cardinal Newman Professorship FoundationAnchorage, AK501(c)(3)Support Investment$31,307
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$38,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINES 6, 7A AND 7B:

“The university has one class of member, with alaska native tribal health consortium (anthc) being that sole initial member. Anthc has power over appointment and removal of trustees and board officers.”

FORM 990, PART VI, SECTION B, LINE 11B:

“The finance, facilities and audit committee reviews the 990 after which a copy is made available to all board members for review.”

FORM 990, PART VI, SECTION B, LINE 12C:

“At the annual meeting the conflict of interest disclosure form is distributed to all trustees and collected at meeting's end. Non-attendees are provided the form electronically and requested to return. Bylaws require 100% compliance.”

FORM 990, PART VI, SECTION B, LINE 15A:

“Top management official pay is determined by the executive committee based on comparative industry analysis (ipeds), resume and experience and is subject to independent attorney review.”

FORM 990, PART VI, SECTION C, LINE 19:

“All documents are available upon request through the president's office. Articles of incorporation are available as a matter of public record on state of alaska corporations division website. Financial and tax documents are available on the organization's intranet site, www.alaskapacific.edu.”

Filing and Contact Details

Filer

Filer Name
Alaska Pacific University
EIN
92-0023588
In Care Of
% SHEILA KING
Phone
9075648204
Address
4101 University Drive, Anchorage, AK 99508-4672

Signing Officer

Name
Janelle Vanasse
Title
President
Phone
9075648204
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janelle Vanasse President
Formed
1959
Legal Domicile
Ak
Voting Board Members
16
Independent Board Members
13
Employees
347
Volunteers
16

Preparer

Firm
Bdo USA
Address
3601 C STREET STE 600, ANCHORAGE, AK 99503
Preparer
Rachael Mohns EA
Phone
9072788878
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1:

“Innovative teaching and learning where students receive personal attention and acquire leadership capabilities, moral character, and self-direction through active learning.”

Financial Statement Notes

FORM 990, SCHEDULE D, PART V, LINE 4:

“Endowment funds are intended to grow and manage fundraising-related financial interests of apu, hold restricted property, and support the cardinal newman professorship chair.”

FORM 990, SCHEDULE D, PART X, LINE 2:

“The university applies the provisions of asc 740, income taxes, relating to accounting for uncertainty in income taxes. The university annually reviews its tax positions taken in accordance with the recognition standards. The university believes that it has no uncertain tax provisions which would require disclosure or adjustment in these financial statements.”

FORM 990, SCHEDULE D, PART XI, LINE 4B:

“Reclassification of institutional financial aid $ 2,983,587”

FORM 990, SCHEDULE D, PART XII, LINE 4B:

“Reclassification of institutional financial aid $ 2,983,587”

Raw XML AppendixShowing 400 of 914 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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