Civic Intelligence

Alaska Power Association - Amended

990 • Fiscal year 2015 • EIN 92-0069880

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 10, 2015

703 West Tudor Road Suite 200Anchorage, AK 99503

(907) 771-5750

Siviq Scores

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

Liabilities / Assets

65th percentile

0.20x

Higher debt load relative to assets than 65% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

51st percentile

0.08x

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

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Net Margin

60th percentile

5.9%

Higher net margin than 60% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

94th percentile

$197,107

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 20.7% of source-year revenue.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Asset Growth

80th percentile

19%

Faster asset growth than 80% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

51st percentile

3.4%

Faster revenue growth than 51% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$371,307

Up $58,421 (+19%) from 2014

Net Assets

Up

$296,424

Up $56,097 (+23%) from 2014

Liabilities

Up

$74,883

Up $2,324 (+3.2%) from 2014

Revenue

Up

$952,626

Up $31,757 (+3.4%) from 2014

Expenses

Down

$896,529

Down $22,373 (-2.4%) from 2014

Net Income

Up

$56,097

Up $54,130 (+2752%) from 2014

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

2015

Assets$371,307
Liabilities$74,883
Net Assets$296,424

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

2015

Revenue$952,626
Expenses$896,529
Net Income$56,097
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 10, 2015
Return Version
2015v2.1
Gross Receipts
$961,271
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$148,205$148,430▲ $225
Cash and Non-Interest-Bearing Accounts$77,637$72,137▼ $5,500
Prepaid Expenses and Deferred Charges$20,771$23,851▲ $3,080
Land, Buildings, and Equipment, Net$20,877$17,655▼ $3,222
Accounts Receivable$18,796$1,524▼ $17,272
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
Investments in Publicly Traded Securities$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$312,886$371,307▲ $58,421
Other Assets Total$26,600$107,710▲ $81,110
Liabilities
Accounts Payable and Accrued Expenses$67,859$70,883▲ $3,024
Other Liabilities$4,700$4,000▼ $700
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$72,559$74,883▲ $2,324
Net Assets / Fund Balance
Unrestricted Net Assets$240,327$296,424▲ $56,097
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$240,327$296,424▲ $56,097
Total Liabilities and Net Assets / Fund Balance$312,886$371,307▲ $58,421

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,613$140,603$152,216
Buildings$6,042$55,072$61,114
Other Assets Org$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mead BrendaCFO-$12,405$123,010$135,415
Enkvist CrystalExecutive DirectorPT$75,581$44,026$119,607

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$693,853
Program Service Revenue
$259,942
Investment Income
$226
Other Revenue
$-1,395
All Other Contributions
$5,500
Change in Net Assets
$56,097

Audited Revenue Reconciliation

Revenue per Audited Statements
$952,626
Revenue Not Reported on Form 990
$8,645
Total Revenue per Audited Statements
$961,271
Total Revenue per Form 990
$952,626
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$467,734
Other Expenses$425,489
Grants and Similar Amounts Paid$3,306
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$183,057
Current Officers, Directors, Trustees, and Key Employees---$139,894
Conferences and Meetings---$99,717
Other Employee Benefits---$87,525
Travel---$55,911
Fees for Services Legal---$49,804
Fees for Services Lobbying---$40,000
Occupancy---$39,616
Pension Plan Contributions---$36,792
Other Expenses---$28,999
Payroll Taxes---$20,466
Office Expenses---$19,836
Fees for Services Accounting---$15,285
Information Technology---$13,730
Advertising---$12,589
Insurance---$10,743
Depreciation Depletion---$4,755
Fees for Services Other---$4,034
Grants to Domestic Individuals---$3,306
Total Functional Expenses$0$0$0$896,529

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$905,174
Expenses per Audited Statements$896,529
Total Expenses per Form 990$896,529
Expenses Not Reported on Form 990$8,645
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$75,325
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$4,000
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
EIN
92-0069880
In Care Of
% BRENDA MEAD
Phone
9077715750
Address
703 WEST TUDOR ROAD SUITE 200, ANCHORAGE, AK 99503

Signing Officer

Name
Crystal Enkvist
Title
Executive Director
Phone
9077715750
Signed
2015-10-10

Organization Details

Principal Officer
Crystal Enkvist
Formed
1977
Legal Domicile
Ak
Voting Board Members
23
Independent Board Members
23
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.

Financial Statement Notes

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

Rental expenses netted against rental revenue 8,645

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

Rental expenses netted against rental revenue 8,645

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/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
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
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt26CFO
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IRS990/FormationYr01977
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IRS990/FundraisingActivitiesInd0false
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IRS990/OtherExpensesGrp/Desc0RECRUITING EXPENSE
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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