Civic Intelligence

Alaska Pacific University

990 • Fiscal year 2015 • EIN 92-0023588

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

4101 University DriveAnchorage, AK 99508-4672

(907) 564-8204

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

49th percentile

0.31x

Higher debt load relative to assets than 49% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

85th percentile

2.34x

Higher debt load relative to revenue than 85% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Net Margin

15th percentile

-5.8%

Higher net margin than 15% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

18th percentile

$244,056

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Asset Growth

49th percentile

1.3%

Faster asset growth than 49% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

15th percentile

-13%

Faster revenue growth than 15% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Assets

Up

$129,696,939

Up $1,726,394 (+1.3%) from 2014

Net Assets

Down

$89,427,489

Down $993,786 (-1.1%) from 2014

Liabilities

Up

$40,269,450

Up $2,720,180 (+7.2%) from 2014

Revenue

Down

$17,225,031

Down $2,658,450 (-13%) from 2014

Expenses

Down

$18,215,800

Down $983,092 (-5.1%) from 2014

Net Income

Down

-$990,769

Down $1,675,358 (-245%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2015

Assets$129,696,939
Liabilities$40,269,450
Net Assets$89,427,489

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$17,225,031
Expenses$18,215,800
Net Income-$990,769
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$27,346,660
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$103,528,608$87,985,204▼ $15,543,404
Investments Other Securities$18,370,762$17,807,420▼ $563,342
Cash and Non-Interest-Bearing Accounts$421,754$10,471,686▲ $10,049,932
Accounts Receivable$535,463$7,553,215▲ $7,017,752
Prepaid Expenses and Deferred Charges$3,251,207$3,465,759▲ $214,552
Pledges and Grants Receivable$1,469,495$868,590▼ $600,905
Savings and Temporary Cash Investments$4,736$23,679▲ $18,943
Inventories for Sale or Use$17,285$16,833▼ $452
Investments in Publicly Traded Securities$13,748$0▼ $13,748
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
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$127,970,545$129,696,939▲ $1,726,394
Other Assets Total$357,487$1,504,553▲ $1,147,066
Liabilities
Mortgage Notes Payable Secured by Investment Property$28,063,675$29,973,960▲ $1,910,285
Other Liabilities$7,663,470$7,845,907▲ $182,437
Accounts Payable and Accrued Expenses$1,520,401$1,821,963▲ $301,562
Deferred Revenue$301,724$627,620▲ $325,896
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$37,549,270$40,269,450▲ $2,720,180
Net Assets / Fund Balance
Unrestricted Net Assets$66,389,131$66,359,873▼ $29,258
Permanently Rstr Net Assets$15,121,393$15,150,586▲ $29,193
Temporarily Rstr Net Assets$8,910,751$7,917,030▼ $993,721
Total Net Assets Fund Balance$90,421,275$89,427,489▼ $993,786
Total Liabilities and Net Assets / Fund Balance$127,970,545$129,696,939▲ $1,726,394

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,636,876$21,899,537$36,906,413
Equipment$536,661$3,400,560$3,937,221
Leasehold Improvements$1,337,693$149,806$1,487,499
Other Land Buildings$36,000,326--
Land$33,473,648--
Closely Held Equity Interests$17,807,420--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$16,077,072$42,537▲ $145,207$404,767$15,778,049
2013$15,476,198$3,750▲ $1,083,843$411,719$16,077,072
2012$14,955,086$23,751▲ $952,274$379,913$15,476,198
2011$15,224,657$134,967▲ $504,672$155,145$14,955,086
2010$14,076,087$17,946▲ $1,153,616$2,293$15,224,657
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Donald BantzPresidentFT$220,360$23,696$244,056
Brad HarrisFacultyPT$163,659$21,721$185,380
Deborah JohnstonCFOFT$116,000$22,809$138,809
Tracy StewartAcademic DeanFT$117,433$19,389$136,822
Revenue and Support

Revenue Composition

Contributions and Grants
$4,615,522
Program Service Revenue
$9,435,121
Investment Income
$928,254
Other Revenue
$2,246,134
All Other Contributions
$1,958,075
Change in Net Assets
$-990,769

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported AmountValuation Method
Other Non Cash Contri Table$187,6960
Other Non Cash Contri Table$106,3650
Other Non Cash Contri Table$16,5400
Total Noncash Contributions$310,601-

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,648,054
Revenue Not Reported on Financial Statements
$1,576,977
Revenue Not Reported on Form 990
$483,469
Other Revenue Adjustments
$1,574,897
Total Revenue per Audited Statements
$16,131,523
Total Revenue per Form 990
$17,225,031
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,262,416
Grants and Similar Amounts Paid$1,574,898
Total Fundraising Expense$411,734
Salaries, Compensation, and Employee Benefits$378,486
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$5,413,374$2,757,252$298,188$3,055,440
Grants to Domestic Individuals$1,574,898--$1,574,898
Current Officers, Directors, Trustees, and Key Employees-$264,940$113,546$378,486
Interest-$251,455-$251,455
Fees for Service Investment Mgmnt Fees-$2,080-$2,080
Total Functional Expenses$14,528,339$3,275,727$411,734$18,215,800

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$18,215,800
Total Expenses per Audited Statements$17,125,309
Expenses per Audited Statements$16,638,823
Expenses Not Reported on Financial Statements$1,576,977
Other Expense Adjustments$1,574,897
Expenses Not Reported on Form 990$486,486
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$486,486
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$622,326-$158,981-
Ski Event$300,628-$33,444-
Total Events$922,954-$486,486$-486,486
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Joan BantzSpouse of PresidentWagesNo$35,208

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
Note Payable to Apuf$6,802,078
Line of Credit$500,000
Bonds Payable$355,000
Interest Payable$154,916
Deposits$33,913
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 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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11:

The finance 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 deteremined 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
% DEBORAH JOHNSTON
Phone
9075648204
Address
4101 University Drive, Anchorage, AK 99508-4672

Signing Officer

Name
Deborah Johnston
Title
CFO
Phone
9075648204
Signed
2016-05-13

Organization Details

Principal Officer
Dr Donald Bantz
Formed
1959
Legal Domicile
Ak
Voting Board Members
27
Independent Board Members
27
Employees
373
Volunteers
27

Preparer

Firm
Bdo USA Llp
Address
3601 C STREET STE 600, ANCHORAGE, AK 99503
Preparer
Key E Getty CPA
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 XII, LINE 2B:

Fundraising event expense reclassified to net revenue: $486,486

FORM 990, SCHEDULE D, PART XIII, LINE 2B:

Fundraising event expense reclassified to net revenue: $486,486

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

Reclassification of institutional financial aid: $1,574,897

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

Reclassification of institutional financial aid: $1,574,897

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

The University applies the provisions of Topic 740 of the FASB Accounting Standards Codification 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.

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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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IRS990/Form990PartVIISectionAGrp/PersonNm1Trigg Davis
IRS990/Form990PartVIISectionAGrp/PersonNm2Andrew Eker
IRS990/Form990PartVIISectionAGrp/PersonNm3Father Steven Moore
IRS990/Form990PartVIISectionAGrp/PersonNm4Will Anderson
IRS990/Form990PartVIISectionAGrp/PersonNm5Hugh Ashlock
IRS990/Form990PartVIISectionAGrp/PersonNm6Carl Brady
IRS990/Form990PartVIISectionAGrp/PersonNm7Roger Chan
IRS990/Form990PartVIISectionAGrp/PersonNm8Tyra Chandler
IRS990/Form990PartVIISectionAGrp/PersonNm9John Eng
IRS990/Form990PartVIISectionAGrp/PersonNm10Katherine Gottlieb
IRS990/Form990PartVIISectionAGrp/PersonNm11Robbie Graham
IRS990/Form990PartVIISectionAGrp/PersonNm12Wes Heinold
IRS990/Form990PartVIISectionAGrp/PersonNm13Pat Heller
IRS990/Form990PartVIISectionAGrp/PersonNm14Christopher Hodel
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IRS990/Form990PartVIISectionAGrp/PersonNm16Francis Hurley
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IRS990/Form990PartVIISectionAGrp/PersonNm19Patti McGuire
IRS990/Form990PartVIISectionAGrp/PersonNm20Bonnie Mehner
IRS990/Form990PartVIISectionAGrp/PersonNm21Jason Metrokin
IRS990/Form990PartVIISectionAGrp/PersonNm22Lottie M Michael
IRS990/Form990PartVIISectionAGrp/PersonNm23Edward Rasmuson
IRS990/Form990PartVIISectionAGrp/PersonNm24John Wanamaker
IRS990/Form990PartVIISectionAGrp/PersonNm25Terry Welch
IRS990/Form990PartVIISectionAGrp/PersonNm26Eric Wohlforth
IRS990/Form990PartVIISectionAGrp/PersonNm27Donald Bantz
IRS990/Form990PartVIISectionAGrp/PersonNm28Deborah Johnston
IRS990/Form990PartVIISectionAGrp/PersonNm29Tracy Stewart
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IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt27President
IRS990/Form990PartVIISectionAGrp/TitleTxt28CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt29Academic Dean
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Document Assets

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Filings

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