Civic Intelligence

Marine Exchange of Alaska Inc

EIN 92-0173630 • 501(c)6 • Juneau, AK

Profile

To provide the alaska maritime community with information, communications and services to aid safe, secure, efficient and environmentally responsible maritime operations.

1050 Harbor WayJuneau, AK 99801

www.mxak.org

Siviq Scores

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

Liabilities / Assets

21st percentile

0.05x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

19th percentile

0.07x

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

501(c)6 • $5M-$10M nonprofits • Source year 2022

Net Margin

82nd percentile

19%

Higher net margin than 82% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

26th percentile

$181,000

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2022

Asset Growth

72nd percentile

11%

Faster asset growth than 72% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

93rd percentile

43%

Faster revenue growth than 93% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$9,347,051

Up $963,462 (+11%) from 2021

Liabilities

Up

$424,431

Up $140,913 (+50%) from 2021

Net Assets

Up

$8,922,620

Up $822,549 (+10%) from 2021

Revenue

Up

$6,395,554

Up $1,932,871 (+43%) from 2021

Expenses

Up

$5,207,974

Up $1,163,247 (+29%) from 2021

Net Income

Up

$1,187,580

Up $769,624 (+184%) from 2021

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $1,259,342Liabilities 2010: $70,989Net Assets 2010: $1,188,3532010Assets 2011: $1,376,008Liabilities 2011: $123,355Net Assets 2011: $1,252,6532011Assets 2012: $1,390,494Liabilities 2012: $84,585Net Assets 2012: $1,305,9092012Assets 2013: $1,560,300Liabilities 2013: $47,620Net Assets 2013: $1,512,6802013Assets 2014: $3,175,057Liabilities 2014: $87,533Net Assets 2014: $3,087,5242014Assets 2015: $5,303,336Liabilities 2015: $282,361Net Assets 2015: $5,020,9752015Assets 2016: $5,914,259Liabilities 2016: $560,125Net Assets 2016: $5,354,1342016Assets 2017: $6,509,243Liabilities 2017: $146,794Net Assets 2017: $6,362,4492017Assets 2018: $7,137,517Liabilities 2018: $167,383Net Assets 2018: $6,970,1342018Assets 2019: $7,597,325Liabilities 2019: $170,470Net Assets 2019: $7,426,8552019Assets 2020: $7,871,108Liabilities 2020: $325,441Net Assets 2020: $7,545,6672020Assets 2021: $8,383,589Liabilities 2021: $283,518Net Assets 2021: $8,100,0712021Assets 2022: $9,347,051Liabilities 2022: $424,431Net Assets 2022: $8,922,6202022

Highlighted filing

2022

Assets$9,347,051
Liabilities$424,431
Net Assets$8,922,620

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $1,748,0742010Revenue 2011: $2,186,914Expenses 2011: $2,122,614Net Income 2011: $64,3002011Expenses 2012: $2,709,3822012Revenue 2013: $2,956,330Expenses 2013: $2,749,559Net Income 2013: $206,7712013Revenue 2014: $4,554,839Expenses 2014: $2,979,995Net Income 2014: $1,574,8442014Revenue 2015: $4,873,263Expenses 2015: $2,939,812Net Income 2015: $1,933,4512015Revenue 2016: $3,251,764Expenses 2016: $2,918,605Net Income 2016: $333,1592016Revenue 2017: $3,976,101Expenses 2017: $2,967,786Net Income 2017: $1,008,3152017Revenue 2018: $3,948,650Expenses 2018: $3,340,965Net Income 2018: $607,6852018Revenue 2019: $4,074,130Expenses 2019: $3,617,409Net Income 2019: $456,7212019Revenue 2020: $3,775,607Expenses 2020: $3,766,397Net Income 2020: $9,2102020Revenue 2021: $4,462,683Expenses 2021: $4,044,727Net Income 2021: $417,9562021Revenue 2022: $6,395,554Expenses 2022: $5,207,974Net Income 2022: $1,187,5802022

Highlighted filing

2022

Revenue$6,395,554
Expenses$5,207,974
Net Income$1,187,580

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.35$0.42$8.92$6.40$5.21$1.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.38$0.28$8.10$4.46$4.04$0.42
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.87$0.33$7.55$3.78$3.77$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.60$0.17$7.43$4.07$3.62$0.46
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.14$0.17$6.97$3.95$3.34$0.61
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.51$0.15$6.36$3.98$2.97$1.01
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.91$0.56$5.35$3.25$2.92$0.33
2015Detailed filing. Detailed filing data is available for this year.$5.30$0.28$5.02$4.87$2.94$1.93
2014Detailed filing. Detailed filing data is available for this year.$3.18$0.09$3.09$4.55$2.98$1.57
2013Detailed filing. Detailed filing data is available for this year.$1.56$0.05$1.51$2.96$2.75$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.08$1.31$2.71
2011Summary only. Only limited summary data is available for this year.$1.38$0.12$1.25$2.19$2.12$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.07$1.19$1.75
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$6,403,204
Mission and Program Overview

Mission

The marine exchange of alaska's mission statement is to provide the alaska maritime community information, communications and services to aid safe, secure, efficient and environmentally responsible maritime operations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,661,827$4,716,988▲ $55,161
Investments in Publicly Traded Securities$1,974,684$2,012,312▲ $37,628
Savings and Temporary Cash Investments$248,560$1,581,744▲ $1,333,184
Accounts Receivable$1,265,607$892,191▼ $373,416
Cash and Non-Interest-Bearing Accounts$176,848$100,292▼ $76,556
Prepaid Expenses and Deferred Charges$33,480$33,480→ $0
Pledges and Grants Receivable$22,583$10,044▼ $12,539
Total Assets$8,383,589$9,347,051▲ $963,462
Liabilities
Accounts Payable and Accrued Expenses$283,518$354,431▲ $70,913
Deferred Revenue-$70,000-
Total Liabilities$283,518$424,431▲ $140,913
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,100,071$8,922,620▲ $822,549
Total Net Assets Fund Balance$8,100,071$8,922,620▲ $822,549
Total Liabilities and Net Assets / Fund Balance$8,383,589$9,347,051▲ $963,462

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,416,574-$4,416,574
Equipment$128,862$2,947,537$3,076,399
Land$171,552-$171,552
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen WhiteExecutive DiFT$160,000$21,000$181,000
Stephen WhiteExecutive Director-$160,000$21,000$181,000
John HollingsworthChief OperatFT$140,000$18,000$158,000
John HollingsworthChief Operating Ofcr-$140,000$18,000$158,000
Edwin Mayer IiiEngineeringFT$115,440$28,962$144,402
Kenneth PhillipsCompliance MFT$125,024$16,502$141,526
Shawn MauldinChief SolutiFT$110,968$16,097$127,065
Kristin Cadigan McadooFinance ManaFT$106,748$15,675$122,423
Nicholas HatchField Ops SuFT$102,926$15,293$118,219
Christopher F CoutuAsst Dir/genFT$60,577$8,510$69,087
Matt YorkDeputy Direc-$15,413$2,118$17,531

Board Members and Trustees

NameTitle
Bal DreyfussBoard Member
Dan BlanchardBoard Member
Don ReidBoard Member
Harold WhittlesyBoard Member
Keith AustinBoard Member
Lawson BrighamBoard Member
Peter FroehlichBoard Member
Rick OlsonBoard Member
Vic ScheibertBoard Member
Hans H AntonsenBoard Presid
Bryan HawkinsBoard Sect/t
MICHAEL O'HARABoard Vice P
Revenue and Support

Revenue Composition

Contributions and Grants
$90,756
Program Service Revenue
$6,121,970
Investment Income
$114,368
Other Revenue
$68,460
Change in Net Assets
$1,187,580
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,050,991
Other Expenses$2,048,183
Grants and Similar Amounts Paid$108,800
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,029,281
Information Technology---$465,804
Current Officers, Directors, Trustees, and Key Employees---$408,087
Pension Plan Contributions---$301,646
Depreciation Depletion---$248,011
Travel---$238,307
Payroll Taxes---$194,636
Fees for Services Other---$168,885
Occupancy---$135,413
Other Employee Benefits---$117,341
Grants to Domestic Orgs---$108,800
Office Expenses---$53,954
Insurance---$40,711
Fees for Services Accounting---$18,283
Other Expenses---$16,015
Conferences and Meetings---$15,651
Advertising---$368
Total Functional Expenses$0$0$0$5,207,974
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Eldred Rock Lighthouse PreservationHaines, AK3Preservation Program$100,000
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
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The corporation consists of three classes of members: directing, associate and general. Any individual or firm with an interest in the marine transportation industry shall be eligible for membership.

Form 990, Page 6, Part VI, Line 7A

The organization members elect the board of directors at their annual meeting.

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

The executive director will review the 990 prior to signing and filing with internal revenue service.

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

The organization's governing board regularly monitors and reviews any potential conflicts among themselves and officers. Should a conflict arise, the person involved is prohibited from participating in any deliberations or decisions with regards to the matter.

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

Compensation for the executive director and other top level employees are based on analysis of each employee's earning potential (including past compensation, job description, responsibilities, skills/performance) and are benchmarked using a nonprofit salary/wage comparison of alaska nonprofits by the foraker group (business consulting service). The executive director's compensation was last evaluated in 2021.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, policies and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Marine Exchange of Alaska Inc
EIN
92-0173630
Phone
9074632607
Address
1050 HARBOR WAY, JUNEAU, AK 99801

Signing Officer

Name
Christopher F Coutu
Title
Asst Dir/gen Counsel
Phone
9074632607
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen White
Formed
2000
Legal Domicile
Ak
Voting Board Members
12
Independent Board Members
12
Employees
32

Preparer

Firm
Elgee Rehfeld LLC
Address
9309 GLACIER HWY STE B200, JUNEAU, AK 99801-9300
Preparer
Janelle Anderson
Phone
9077893178
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

Mxak is exempt from federal income taxes under section 501(c)(6) of the internal revenue code. Although the organization is exempt from federal income taxes, any income derived from unrelated business activities is subject to the requirements of filing federal income tax form 990t and a tax liability may be determined on these activities. The marine exchange of alaskas policy is to include penalties and interest associated with uncertain tax positions in income tax expense. The organizations 990 is open to audit from state or federal agencies. The tax years open for audit are 2020 to 2022. Management is not aware of any uncertain tax positions.

Raw XML AppendixShowing 400 of 496 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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IRS990/ActivityOrMissionDesc0THE MARINE EXCHANGE OF ALASKA'S MISSION STATEMENT IS TO PROVIDE THE ALASKA MARITIME COMMUNITY INFORMATION, COMMUNICATIONS AND SERVICES TO AID SAFE, SECURE, EFFICIENT AND ENVIRONMENTALLY RESPONSIBLE MARITIME OPERATIONS.
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IRS990/Desc0THE MARINE EXCHANGE HAS BROUGHT ONLINE AND OPERATES OVER 100 AIS (AUTOMATIC IDENTIFICATION SYSTEM) RECEIVERS IN ALASKA AS WELL AS A SATELLITE TRACKING SYSTEM THAT EXTENDS FROM BARROW, WEST TO ADAK AND SOUTH TO KETCHIKAN. THE SYSTEM TRACKS TANKERS, CONTAINERSHIPS, CRUISE SHIPS, FERRIES, TUGS AND BARGES, FISHING VESSELS AND SMALL PASSENGER VESSELS TO AID SAFE, SECURE, EFFICIENT AND ENVIRONMENTALLY RESPONSIBLE MARITIME OPERATIONS. THE SYSTEM HAS BEEN USED TO MONITOR CRUISE SHIP COMPLIANCE WITH WASTE DISCHARGE REGULATIONS AND SPEED RESTRICTIONS TO MINIMIZE WHALE STRIKES, THE COAST GUARD'S RESPONSE TO MARITIME EMERGENCIES (MAN OVERBOARD AND VESSEL SINKINGS), OIL SPILL RESPONSES, COORDINATION OF SECURITY MEASURES AND THE EFFICIENT DISPATCH OF PILOTS, AGENTS AND MARINE FACILITY PERSONNEL.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF OPERAT
IRS990/Form990PartVIISectionAGrp/TitleTxt2COMPLIANCE M
IRS990/Form990PartVIISectionAGrp/TitleTxt3ENGINEERING
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHIEF SOLUTI
IRS990/Form990PartVIISectionAGrp/TitleTxt5FINANCE MANA
IRS990/Form990PartVIISectionAGrp/TitleTxt6FIELD OPS SU
IRS990/Form990PartVIISectionAGrp/TitleTxt7ASST DIR/GEN
IRS990/Form990PartVIISectionAGrp/TitleTxt8DEPUTY DIREC
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD PRESID
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD VICE P
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD SECT/T
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
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IRS990/MissionDesc0THE MARINE EXCHANGE OF ALASKA'S MISSION STATEMENT IS TO PROVIDE THE ALASKA MARITIME COMMUNITY INFORMATION, COMMUNICATIONS AND SERVICES TO AID SAFE, SECURE, EFFICIENT AND ENVIRONMENTALLY RESPONSIBLE MARITIME OPERATIONS.
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IRS990/OtherExpensesGrp/Desc1SATELLITE VESSEL TRACKING
IRS990/OtherExpensesGrp/Desc2EQUIPMENT/SUPPLIES
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IRS990/OtherExpensesGrp/TotalAmt1253315
IRS990/OtherExpensesGrp/TotalAmt285965
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IRS990/OtherRevenueMiscGrp/Desc0TRAVEL REFUNDS
IRS990/OtherRevenueMiscGrp/Desc1OTHER MISCELLANEOUS REFUNDS
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IRS990/ProgramServiceRevenueGrp/Desc0MARINE VESSEL TRACKING
IRS990/ProgramServiceRevenueGrp/Desc1SEA TRAFFIC PROG SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2SAFETY/COMPLIANCE SERVICES
IRS990/ProgramServiceRevenueGrp/Desc3MEMBERSHIP FEES
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IRS990/ProgSrvcAccomActy2Grp/Desc0MARITIME ADVOCACY, AND CONSULTING SERVICES TO ASSURE COMPLIANCE WITH REGULATIONS AND OTHER MARITIME RULES.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE MARINE EXCHANGE CONTINUES TO PROVIDE VESSEL OPERATORS, INCLUDING THE ALASKA MARINE HIGHWAY SYSTEM, WITH UP TO DATE "PRINT ON DEMAND" CHARTS AS WELL AS NAVIGATION PUBLICATIONS TO AID MARITIME SAFETY AND DISSEMINATES REGULATORY AND SAFETY INFORMATION VIA PERIODIC NEWSLETTERS AND AN INFORMATIONAL WEB SITE.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MXAK IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. ALTHOUGH THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES, ANY INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES IS SUBJECT TO THE REQUIREMENTS OF FILING FEDERAL INCOME TAX FORM 990T AND A TAX LIABILITY MAY BE DETERMINED ON THESE ACTIVITIES. THE MARINE EXCHANGE OF ALASKAS POLICY IS TO INCLUDE PENALTIES AND INTEREST ASSOCIATED WITH UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE. THE ORGANIZATIONS 990 IS OPEN TO AUDIT FROM STATE OR FEDERAL AGENCIES. THE TAX YEARS OPEN FOR AUDIT ARE 2020 TO 2022. MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/RecipientTable/IRCSectionDesc03
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PRESERVATION PROGRAM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ELDRED ROCK LIGHTHOUSE PRESERVATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientEIN0471895203
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 1593
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HAINES
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0AK
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd099827
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION HAS PERSONNEL ASSIGNED TO MONITOR USE OF GRANT FUNDS AS WELL AS RECEIVING MONTHLY REPORTS WITH DOCUMENTATION OF EXPENDITURES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOHN HOLLINGSWORTH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF OPERATING OFCR
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1158000

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