Civic Intelligence

Alaska Electrical Pension Fund

EIN 92-0162126 • 501(c)2 • Anchorage, AK

Profile

Holding title to real property

701 E Tudor Suite 200Anchorage, AK 99503

www.aetf.com

Siviq Scores

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

Liabilities / Assets

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

$50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

54th percentile

0.31x

Higher debt load relative to revenue than 54% of similar nonprofits.

$50M-$100M nonprofits • Source year 2024

Net Margin

95th percentile

82%

Higher net margin than 95% of similar nonprofits.

$50M-$100M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$411,745

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 17.7% of source-year revenue.

$50M-$100M nonprofits • Source year 2024

Asset Growth

11th percentile

-6.0%

Faster asset growth than 11% of similar nonprofits.

$50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

12th percentile

-16%

Faster revenue growth than 12% of similar nonprofits.

$50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$62,942,186

Down $4,039,523 (-6.0%) from 2023

Liabilities

Up

$722,781

Up $8,071 (+1.1%) from 2023

Net Assets

Down

$62,219,405

Down $4,047,594 (-6.1%) from 2023

Revenue

Down

$2,319,779

Down $450,989 (-16%) from 2023

Expenses

Up

$417,096

Up $5,236 (+1.3%) from 2023

Net Income

Down

$1,902,683

Down $456,225 (-19%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $57,385,584Liabilities 2010: $206,008Net Assets 2010: $57,179,5762010Assets 2011: $51,631,550Liabilities 2011: $148,234Net Assets 2011: $51,483,3162011Assets 2012: $63,233,181Liabilities 2012: $2,494,908Net Assets 2012: $60,738,2732012Assets 2013: $66,835,203Liabilities 2013: $2,982,762Net Assets 2013: $63,852,4412013Assets 2014: $67,785,056Liabilities 2014: $788,487Net Assets 2014: $66,996,5692014Assets 2015: $70,879,159Liabilities 2015: $821,814Net Assets 2015: $70,057,3452015Assets 2016: $96,588,897Liabilities 2016: $1,088,865Net Assets 2016: $95,500,0322016Assets 2017: $94,807,629Liabilities 2017: $1,158,604Net Assets 2017: $93,649,0252017Assets 2018: $98,789,578Liabilities 2018: $990,783Net Assets 2018: $97,798,7952018Assets 2019: $104,929,111Liabilities 2019: $944,879Net Assets 2019: $103,984,2322019Assets 2020: $100,627,471Liabilities 2020: $903,503Net Assets 2020: $99,723,9682020Assets 2021: $87,986,512Liabilities 2021: $865,769Net Assets 2021: $87,120,7432021Assets 2022: $78,167,892Liabilities 2022: $832,857Net Assets 2022: $77,335,0352022Assets 2023: $66,981,709Liabilities 2023: $714,710Net Assets 2023: $66,266,9992023Assets 2024: $62,942,186Liabilities 2024: $722,781Net Assets 2024: $62,219,4052024

Highlighted filing

2024

Assets$62,942,186
Liabilities$722,781
Net Assets$62,219,405

Operations Trend

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

$10M$5.0M$0Expenses 2010: $157,2532010Expenses 2011: $145,9342011Revenue 2012: $3,720,142Expenses 2012: $162,814Net Income 2012: $3,557,3282012Revenue 2013: $1,901,675Expenses 2013: $202,632Net Income 2013: $1,699,0432013Revenue 2014: $4,185,516Expenses 2014: $254,137Net Income 2014: $3,931,3792014Revenue 2015: $4,190,397Expenses 2015: $294,721Net Income 2015: $3,895,6762015Revenue 2016: $8,095,341Expenses 2016: $305,724Net Income 2016: $7,789,6172016Revenue 2017: $2,257,229Expenses 2017: $311,593Net Income 2017: $1,945,6362017Revenue 2018: $3,093,600Expenses 2018: $352,504Net Income 2018: $2,741,0962018Revenue 2019: $2,759,175Expenses 2019: $358,965Net Income 2019: $2,400,2102019Revenue 2020: $3,700,009Expenses 2020: $338,744Net Income 2020: $3,361,2652020Revenue 2021: $6,288,205Expenses 2021: $356,156Net Income 2021: $5,932,0492021Revenue 2022: $2,933,391Expenses 2022: $391,502Net Income 2022: $2,541,8892022Revenue 2023: $2,770,768Expenses 2023: $411,860Net Income 2023: $2,358,9082023Revenue 2024: $2,319,779Expenses 2024: $417,096Net Income 2024: $1,902,6832024

Highlighted filing

2024

Revenue$2,319,779
Expenses$417,096
Net Income$1,902,683

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$62.9$0.72$62.2$2.32$0.42$1.90
2023Detailed filing. Detailed filing data is available for this year.$67.0$0.71$66.3$2.77$0.41$2.36
2022Detailed filing. Detailed filing data is available for this year.$78.2$0.83$77.3$2.93$0.39$2.54
2021Detailed filing. Detailed filing data is available for this year.$88.0$0.87$87.1$6.29$0.36$5.93
2020Detailed filing. Detailed filing data is available for this year.$101$0.90$99.7$3.70$0.34$3.36
2019Detailed filing. Detailed filing data is available for this year.$105$0.94$104$2.76$0.36$2.40
2018Detailed filing. Detailed filing data is available for this year.$98.8$0.99$97.8$3.09$0.35$2.74
2017Detailed filing. Detailed filing data is available for this year.$94.8$1.16$93.6$2.26$0.31$1.95
2016Detailed filing. Detailed filing data is available for this year.$96.6$1.09$95.5$8.10$0.31$7.79
2015Detailed filing. Detailed filing data is available for this year.$70.9$0.82$70.1$4.19$0.29$3.90
2014Detailed filing. Detailed filing data is available for this year.$67.8$0.79$67.0$4.19$0.25$3.93
2013Summary only. Only limited summary data is available for this year.$66.8$2.98$63.9$1.90$0.20$1.70
2012Summary only. Only limited summary data is available for this year.$63.2$2.49$60.7$3.72$0.16$3.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.6$0.15$51.5$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.4$0.21$57.2$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.0
Gross Receipts
$7,510,164
Mission and Program Overview

Mission

Holding title to real property

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$77,335,035$66,266,999▼ $11,068,036
Land, Buildings, and Equipment, Net$64,292,000$60,450,000▼ $3,842,000
Savings and Temporary Cash Investments$2,318,445$2,077,401▼ $241,044
Accounts Receivable$206,368$212,938▲ $6,570
Prepaid Expenses and Deferred Charges$74,967$102,611▲ $27,644
Cash and Non-Interest-Bearing Accounts$89,929$99,236▲ $9,307
Rtn Earn Endowment Incm Other Fnds$-11,068,036$-4,047,594▲ $7,020,442
Total Assets$66,981,709$62,942,186▼ $4,039,523
Liabilities
Accounts Payable and Accrued Expenses$714,710$722,781▲ $8,071
Total Liabilities$714,710$722,781▲ $8,071
Net Assets / Fund Balance
Total Net Assets Fund Balance$66,266,999$62,219,405▼ $4,047,594
Total Liabilities and Net Assets / Fund Balance$66,981,709$62,942,186▼ $4,039,523

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$60,450,000$10,513,415-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laurie ButcherReal Estate-$203,752$207,993$411,745
-Real Estate Manager-$196,015$134,822$330,837
-Exec Adminis--$133,490$133,490
Robert GarciaAdministratoPT-$126,535$126,535

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$7,321
Other Revenue
$2,312,458
Change in Net Assets
$1,902,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$396,428
Other Expenses$20,668
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$272,340
Other Salaries and Wages---$68,898
Other Employee Benefits---$20,957
Travel---$20,668
Payroll Taxes---$17,512
Pension Plan Contributions---$16,721
Total Functional Expenses$0$0$0$417,096
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

James carr ibew executive board member trustee business relationship doug tansy ibew executive board member trustee business relationship

Form 990, Page 6, Part VI, Line 9

Larry bell 712 west 36th avenue anchorage, ak 99503 james carr 3333 denali street ste 200 anchorage, ak 99503 doug tansy 333 denali street ste. 200 anchorage, ak 99503 lael fullford 303 e van horn rd. Fairbanks, ak 99701 jesse hale p.o. Box 91499 anchorage, ak 99509 sherri highers 5601 electron drive anchorage, ak 99518 brea schmidt 600 telephone ave anchorage, ak 99503 vince beltrami p.o. Box 569 cooper landing, ak 99572 julius matthew 303 e van horn road fairbanks, ak 99701 jay rhodes 317 stedman ketchikan, ak 99901 james zehnder 301 w. Northern lights blvd. Ste. 30 anchorage, ak 99503 jesse young 813 w. 12th street juneau, ak 99801

Form 990, Page 6, Part VI, Line 11B

The form 990 is prepared and reviewed at the detail level by the controller and accounting staff,and reviewed by trustees prior to filing. Key sections are reviewed by cliftonlarsonallen at the high level. The form is signed by two trustees of the plan.

Form 990, Page 6, Part VI, Line 12C

There is no specific conflict of interest policy; however, the articles of incorporation require trustee to disclose any conflicts

Form 990, Page 6, Part VI, Line 15A

Compensation review is performed by trustees(members of the administrative committee). The alaska consumer price index is used to determine comparability. Contemporaneous substantiation takes the form of a memo from the administrative committee. The positions for which the described process applies are the administrator and the real estate manager. The process was last performed for both of these positions in 2024.

Form 990, Page 6, Part VI, Line 19

The annual funding notice to participants is the pension summary report, which includes investments held by the real estate title holding corp. Included in this report is notification that participants may obtain a full annual report, including form 5500 and audited financial statements, upon request.

Filing and Contact Details

Filer

Filer Name
Alaska Electrical Pension Fund
EIN
92-0162126
Phone
9072761246
Address
701 E TUDOR SUITE 200, ANCHORAGE, AK 99503

Signing Officer

Name
Larry Bell
Title
Trustee
Phone
9072761246
Signed
2025-11-06

Organization Details

Principal Officer
Larry Bell
Formed
1998
Legal Domicile
Ak
Voting Board Members
12
Independent Board Members
0
Employees
0
Volunteers
12
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Owner distributions -2,657,904

Financial Statement Notes

Schedule D, Page 3, Part X

The plan is exempt from federal income taxes under the provisions of section 501(a) of the code, pursuant to a tax determination letter obtained from the irs dated march 25, 2016. The plan administrator believes the plan is currently designed and being operated in compliance with the applicable requirements of the code. Accounting principles generally accepted in the united states of america require plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The plan administrator has analyzed the tax positions taken by the plan and has concluded that as of december 31, 2024, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PLAN IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(A) OF THE CODE, PURSUANT TO A TAX DETERMINATION LETTER OBTAINED FROM THE IRS DATED MARCH 25, 2016. THE PLAN ADMINISTRATOR BELIEVES THE PLAN IS CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt0PETER CROSSON
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JAMES CARR IBEW EXECUTIVE BOARD MEMBER TRUSTEE BUSINESS RELATIONSHIP DOUG TANSY IBEW EXECUTIVE BOARD MEMBER TRUSTEE BUSINESS RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LARRY BELL 712 WEST 36TH AVENUE ANCHORAGE, AK 99503 JAMES CARR 3333 DENALI STREET STE 200 ANCHORAGE, AK 99503 DOUG TANSY 333 DENALI STREET STE. 200 ANCHORAGE, AK 99503 LAEL FULLFORD 303 E VAN HORN RD. FAIRBANKS, AK 99701 JESSE HALE P.O. BOX 91499 ANCHORAGE, AK 99509 SHERRI HIGHERS 5601 ELECTRON DRIVE ANCHORAGE, AK 99518 BREA SCHMIDT 600 TELEPHONE AVE ANCHORAGE, AK 99503 VINCE BELTRAMI P.O. BOX 569 COOPER LANDING, AK 99572 JULIUS MATTHEW 303 E VAN HORN ROAD FAIRBANKS, AK 99701 JAY RHODES 317 STEDMAN KETCHIKAN, AK 99901 JAMES ZEHNDER 301 W. NORTHERN LIGHTS BLVD. STE. 30 ANCHORAGE, AK 99503 JESSE YOUNG 813 W. 12TH STREET JUNEAU, AK 99801
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED AND REVIEWED AT THE DETAIL LEVEL BY THE CONTROLLER AND ACCOUNTING STAFF,AND REVIEWED BY TRUSTEES PRIOR TO FILING. KEY SECTIONS ARE REVIEWED BY CLIFTONLARSONALLEN AT THE HIGH LEVEL. THE FORM IS SIGNED BY TWO TRUSTEES OF THE PLAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE IS NO SPECIFIC CONFLICT OF INTEREST POLICY; HOWEVER, THE ARTICLES OF INCORPORATION REQUIRE TRUSTEE TO DISCLOSE ANY CONFLICTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION REVIEW IS PERFORMED BY TRUSTEES(MEMBERS OF THE ADMINISTRATIVE COMMITTEE). THE ALASKA CONSUMER PRICE INDEX IS USED TO DETERMINE COMPARABILITY. CONTEMPORANEOUS SUBSTANTIATION TAKES THE FORM OF A MEMO FROM THE ADMINISTRATIVE COMMITTEE. THE POSITIONS FOR WHICH THE DESCRIBED PROCESS APPLIES ARE THE ADMINISTRATOR AND THE REAL ESTATE MANAGER. THE PROCESS WAS LAST PERFORMED FOR BOTH OF THESE POSITIONS IN 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ANNUAL FUNDING NOTICE TO PARTICIPANTS IS THE PENSION SUMMARY REPORT, WHICH INCLUDES INVESTMENTS HELD BY THE REAL ESTATE TITLE HOLDING CORP. INCLUDED IN THIS REPORT IS NOTIFICATION THAT PARTICIPANTS MAY OBTAIN A FULL ANNUAL REPORT, INCLUDING FORM 5500 AND AUDITED FINANCIAL STATEMENTS, UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OWNER DISTRIBUTIONS -2,657,904
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AK ELECTRICAL PENSION PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1AK ELECTRICAL RETIREMENT SAVINGS PL
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