Civic Intelligence

Alaska Power Association - Amended

990 • Fiscal year 2014 • EIN 92-0069880

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 12, 2015

703 West Tudor RoadAnchorage, AK 99503

(907) 561-6103

Siviq Scores

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

Liabilities / Assets

67th percentile

0.23x

Higher debt load relative to assets than 67% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

51st percentile

0.08x

Higher debt load relative to revenue than 51% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Net Margin

36th percentile

0.2%

Higher net margin than 36% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

96th percentile

$206,673

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 22.4% of source-year revenue.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Asset Growth

6th percentile

-25%

Faster asset growth than 6% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

56th percentile

5.8%

Faster revenue growth than 56% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$312,886

Down $106,848 (-25%) from 2013

Net Assets

Up

$240,327

Up $1,967 (+0.8%) from 2013

Liabilities

Down

$72,559

Down $108,815 (-60%) from 2013

Revenue

Up

$920,869

Up $50,519 (+5.8%) from 2013

Expenses

Up

$918,902

Up $12,975 (+1.4%) from 2013

Net Income

Up

$1,967

Up $37,544 (+106%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $768,900Liabilities 2010: $258,180Net Assets 2010: $510,7202010Assets 2011: $769,469Liabilities 2011: $216,621Net Assets 2011: $552,8482011Assets 2012: $525,838Liabilities 2012: $251,901Net Assets 2012: $273,9372012Assets 2013: $419,734Liabilities 2013: $181,374Net Assets 2013: $238,3602013Assets 2014: $312,886Liabilities 2014: $72,559Net Assets 2014: $240,3272014Assets 2015: $371,307Liabilities 2015: $74,883Net Assets 2015: $296,4242015Assets 2016: $396,783Liabilities 2016: $68,563Net Assets 2016: $328,2202016Assets 2017: $494,200Liabilities 2017: $82,424Net Assets 2017: $411,7762017Assets 2018: $569,528Liabilities 2018: $105,811Net Assets 2018: $463,7172018Assets 2019: $704,763Liabilities 2019: $114,659Net Assets 2019: $590,1042019Assets 2020: $884,931Liabilities 2020: $111,881Net Assets 2020: $773,0502020Assets 2021: $819,416Liabilities 2021: $93,790Net Assets 2021: $725,6262021Assets 2022: $851,633Liabilities 2022: $125,302Net Assets 2022: $726,3312022Assets 2023: $1,034,910Liabilities 2023: $158,317Net Assets 2023: $876,5932023Assets 2024: $1,046,948Liabilities 2024: $132,636Net Assets 2024: $914,3122024

Highlighted filing

2014

Assets$312,886
Liabilities$72,559
Net Assets$240,327

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2010: $887,984Expenses 2010: $871,126Net Income 2010: $16,8582010Revenue 2011: $861,849Expenses 2011: $818,428Net Income 2011: $43,4212011Expenses 2012: $858,6192012Revenue 2013: $870,350Expenses 2013: $905,927Net Income 2013: -$35,5772013Revenue 2014: $920,869Expenses 2014: $918,902Net Income 2014: $1,9672014Revenue 2015: $952,626Expenses 2015: $896,529Net Income 2015: $56,0972015Revenue 2016: $894,949Expenses 2016: $863,153Net Income 2016: $31,7962016Revenue 2017: $889,882Expenses 2017: $806,326Net Income 2017: $83,5562017Revenue 2018: $989,533Expenses 2018: $937,592Net Income 2018: $51,9412018Revenue 2019: $1,177,242Expenses 2019: $1,050,855Net Income 2019: $126,3872019Revenue 2020: $1,172,073Expenses 2020: $979,706Net Income 2020: $192,3672020Revenue 2021: $909,546Expenses 2021: $956,528Net Income 2021: -$46,9822021Revenue 2022: $977,504Expenses 2022: $980,691Net Income 2022: -$3,1872022Revenue 2023: $1,269,873Expenses 2023: $1,120,980Net Income 2023: $148,8932023Revenue 2024: $1,232,684Expenses 2024: $1,224,470Net Income 2024: $8,2142024

Highlighted filing

2014

Revenue$920,869
Expenses$918,902
Net Income$1,967
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 12, 2015
Return Version
2014v6.0
Gross Receipts
$927,111
Mission and Program Overview

Mission

The purpose of the organization is to promote and encourage cooperation among alaska electric utilities and their customers while promoting the operation of electrical plants adequate for the needs of alaskan consumers.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$147,921$148,205▲ $284
Investments in Publicly Traded Securities$109,212$0▼ $109,212
Cash and Non-Interest-Bearing Accounts$21,398$77,637▲ $56,239
Land, Buildings, and Equipment, Net$22,972$20,877▼ $2,095
Prepaid Expenses and Deferred Charges$17,491$20,771▲ $3,280
Accounts Receivable$3,363$18,796▲ $15,433
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$419,734$312,886▼ $106,848
Other Assets Total$97,377$26,600▼ $70,777
Liabilities
Accounts Payable and Accrued Expenses$72,162$67,859▼ $4,303
Other Liabilities$109,212$4,700▼ $104,512
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$181,374$72,559▼ $108,815
Net Assets / Fund Balance
Unrestricted Net Assets$238,360$240,327▲ $1,967
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$238,360$240,327▲ $1,967
Total Liabilities and Net Assets / Fund Balance$419,734$312,886▼ $106,848

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,580$138,102$150,682
Buildings$8,297$52,817$61,114
Other Assets Org$100--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Leland MarilynExecutive Director- outgoingPT$71,050$26,954$98,004
Enkvist CrystalExecutive Director- incomingPT$28,125$51,747$79,872
Mead BrendaCFO-$11,925$8,742$20,667

Board Members and Trustees

NameTitle
Frantz BenPresident
Wilkinson RobertVice President
Acteson TreyDirector
Ahgeak MaxDirector
Gould GordonDirector
Handeland JohnDirector
Hornberger GeorgeDirector
Huhta ReeseDirector
Lester ElsieDirector
Newlun ScottDirector
Reeve BradDirector
Sloan JohnDirector
Strub HeneryDirector
Thomas Sr DennisDirector
Trent JamesDirector
Waisanen RichardDirector
Winters DanDirector
Hamberger JeffDirector- incoming
Jones StephenDirector- incoming
Cook JoeDirector- outgoing
Deck ThomasDirector- outgoing
Cooper SisiDirecotr
Kohler MeeraSecretary
Mitchell JodiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$767,232
Program Service Revenue
$152,199
Investment Income
$285
Other Revenue
$1,153
All Other Contributions
$88,493
Change in Net Assets
$1,967

Audited Revenue Reconciliation

Revenue per Audited Statements
$920,869
Revenue Not Reported on Form 990
$6,242
Total Revenue per Audited Statements
$927,111
Total Revenue per Form 990
$920,869
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$480,074
Other Expenses$435,548
Grants and Similar Amounts Paid$3,280
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$181,594
Current Officers, Directors, Trustees, and Key Employees---$158,420
Conferences and Meetings---$99,213
Other Employee Benefits---$62,006
Pension Plan Contributions---$55,260
Fees for Services Legal---$51,299
Travel---$49,479
Occupancy---$42,160
Fees for Services Lobbying---$40,000
Fees for Services Other---$34,534
Office Expenses---$29,459
Payroll Taxes---$22,794
Fees for Services Accounting---$15,528
Information Technology---$13,271
Insurance---$9,842
Advertising---$9,512
Depreciation Depletion---$6,034
Grants to Domestic Individuals---$3,280
Other Expenses---$1,220
All Other Expenses---$319
Total Functional Expenses$0$0$0$918,902

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$925,144
Expenses per Audited Statements$918,902
Total Expenses per Form 990$918,902
Expenses Not Reported on Form 990$6,242
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$80,000
Current Year Nondeductible Lobbying and Political Cost$40,000
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
Deferred Compensation$4,700
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 2:

Executive director, Marilyn Leland, and officer-secretary, Meera Kohler, have entered into a partnership business. They purchased a condo in Hawaii and are renting it out during the times they are not using it.

FORM 990, PART VI, SECTION A, LINE 6:

APA members do not receive distributions of income or assets from the organization but there is a membership structure in place that is outlined in our bylaws.

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

The CFO will review the completed Form 990 for accuracy and then give it to the executive director to review and sign.

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

The conflict of interest statements are distributed in meeting packets and collected annually at the APA annual meeting. For any board of director who was not in attendance or did not return a statement, the executive coordinator sends out, via email and USPS, reminders/requests to complete and return statements. At this time there is no consequence for not returning the conflict of interest statement but the board is considering this issue.

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

Alaska Power Association's documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Alaska Power Association - Amended
EIN
92-0069880
In Care Of
% BRENDA MEAD
Phone
9075616103
Address
703 WEST TUDOR ROAD, ANCHORAGE, AK 99503

Signing Officer

Name
Crystal Enkvist
Title
Executive Director
Phone
9075616103
Signed
2015-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Crystal Enkvist
Formed
1977
Legal Domicile
Ak
Voting Board Members
22
Independent Board Members
22
Employees
13
Volunteers
51

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:

Promote and encourage cooperation among Alaska electric utilities and their customers while promoting the operation of electrical plants adequate for the needs of Alaskan consumers.

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

A joint committee composed of the executive committee and the insurance exchange management board meet annually to provide an annual review of the executive director and review and make recommendations to the full board on the annual compensation for that position. The executive director's compensation is allocated 50/50 between APA and ARECA insurance exchange.

FORM 990, LINE B, AMENDMENT:

Form 990, part vi, line 9: to correct error form 990, part vii, line 1, column b: to add related entity hours form 990, schedule c, part iii-b, line 4: data entered on incorrect line form 990, schedule r, part ii, line 2 & 3, column f: to correct error

Financial Statement Notes

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

Rental expenses netted against rental revenue 6,242

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

Rental expenses netted against rental revenue 6,242

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

The association applies the provisions of topic 740 of the fasb accounting standards codification relating to accounting for uncertainty in income taxes. The association annually reviews its tax return and positions taken in accordance with the recognition standards. The association believes that it has no uncertain tax positions which would require disclosure or adjustment in these consolidated financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Direcotr
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director- outgoing
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director- outgoing
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director- incoming
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director- incoming
IRS990/Form990PartVIISectionAGrp/TitleTxt24Executive Director- outgoing
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IRS990/Form990PartVIISectionAGrp/TitleTxt26CFO
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IRS990/OtherExpensesGrp/Desc0RECRUITING EXPENSE
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/Desc3SEMINARS AND EDUCATION
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.13$0.91$1.23$1.22$0.01
2023Summary only. Only limited summary data is available for this year.$1.03$0.16$0.88$1.27$1.12$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.13$0.73$0.98$0.98$0.00
2021Summary only. Only limited summary data is available for this year.$0.82$0.09$0.73$0.91$0.96$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.11$0.77$1.17$0.98$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.11$0.59$1.18$1.05$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.11$0.46$0.99$0.94$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.08$0.41$0.89$0.81$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.07$0.33$0.89$0.86$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.37$0.07$0.30$0.95$0.90$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.31$0.07$0.24$0.92$0.92$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.42$0.18$0.24$0.87$0.91$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.25$0.27$0.86
2011Summary only. Only limited summary data is available for this year.$0.77$0.22$0.55$0.86$0.82$0.04
2010Summary only. Only limited summary data is available for this year.$0.77$0.26$0.51$0.89$0.87$0.02