Alaska Pacific University
- Assets
- $164.1m
- Revenue
- $24.6m
- Investments
- $19.5m
- Employees
- 347
- Location
- Anchorage, AK
- Founding
- 03/1962
- Data as of
- 06/2023
- EIN
- 92-0023588
Organization Overview
Alaska Pacific University is located in Anchorage, AK. The organization was established in 1962. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, Alaska Pacific University employed 347 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Pacific University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Alaska Pacific University generated $24.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $23.8m during the year ending 06/2023. While expenses have increased by 3.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC INSTRUCTION AND SUPPORT SERVICES INCLUDING INSTRUCTIONAL LABS, RESEARCH, AND PUBLIC SERVICE PROGRAMS
STUDENT AND AUXILIARY SERVICES INCLUDING HOUSING, CAFETERIA, AND STUDENT-FOCUSED ACTIVITIES
INSTITUTIONAL FINANCIAL AID - 449 STUDENTS WERE SERVED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Roberts Chair (jan 2023 - June 2023) | OfficerTrustee | 0.75 | $0 |
Bradley Harris Faculty Professor | 40 | $217,371 | |
Dr Virginia Hilton Hallock Provost | 40 | $186,841 | |
Jason Hart Treasurer | OfficerTrustee | 0.75 | $0 |
Erik Flora Director Nordic Ski Center | 40 | $139,524 | |
Janelle Vanasse President | Officer | 40 | $150,405 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Roger Hickel Contracting Inc Construction Service | 6/29/23 | $205,700 |
Olgoonik Construction Services Llc Construction Service | 6/29/23 | $474,932 |
Earhart Roofing Company Inc Construction Service | 6/29/23 | $210,523 |
Nana Management Services Hospitality Mgmt | 6/29/23 | $855,317 |
Amac Llc Construction Service | 6/29/23 | $282,730 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $716,791 |
| Government grants | $3,469,392 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,558,395 |
| Noncash contributions included in lines 1a–1f | $37,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,744,578 |
| Total Program Service Revenue | $11,722,616 |
| Investment income | $157,216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,082,397 |
| Net Gain/Loss on Asset Sales | $3,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,557,706 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,227 |
| Grants and other assistance to domestic individuals. | $3,037,107 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $453,720 |
| Compensation of current officers, directors, key employees. | $453,720 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $23,818,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,846 |
| Savings and temporary cash investments | $4,642,410 |
| Pledges and grants receivable | $8,189,250 |
| Accounts receivable, net | $624,036 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,101 |
| Prepaid expenses and deferred charges | $188,953 |
| Net Land, buildings, and equipment | $130,918,139 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,458,897 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $164,121,632 |
| Accounts payable and accrued expenses | $2,667,376 |
| Grants payable | $0 |
| Deferred revenue | $2,868,857 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,513,908 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,098 |
| Total liabilities | $11,081,239 |
| Net assets without donor restrictions | $127,378,697 |
| Net assets with donor restrictions | $25,661,696 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $164,121,632 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City University Of Seattle Seattle, WA | $55,188,897 | $40,724,589 |
University Of Providence Renton, WA | $51,378,386 | $28,720,547 |
Heritage University Toppenish, WA | $66,026,305 | $32,176,102 |
Alaska Pacific University Anchorage, AK | $164,121,632 | $24,557,706 |
Western Washington University Foundation Bellingham, WA | $166,132,970 | $24,719,929 |
Eastern Washington University Foundation Cheney, WA | $52,356,011 | $6,519,839 |
Great Northern University Spokane, WA | $1,296,358 | $835,387 |
Achievement Rewards For College Scientists Seattle Chapter Seattle, WA | $1,227,203 | $597,661 |
Washington Pulp & Paper Foundation Inc College Of Forest Resources Seattle, WA | $5,371,024 | $226,611 |
Second Chance Foundation Snohomish, WA | $45,658 | $0 |
Cardinal Newman Professorship Foundation Inc Anchorage, AK | $1,938,149 | $46,233 |
Appa-Association Of Higher Education Facilities Officers Pullman, WA | $352,858 | $90,753 |
Blue Creek Lodge And Study Center Spokane, WA | $16,714 | $0 |
Washington State Grange Foundation Olympia, WA | $2,475,199 | $14,106 |