Public Employees Local 71
- Assets
- $3.2m
- Revenue
- $2.5m
- Investments
- $1.3m
- Employees
- 14
- Location
- Anchorage, AK
- Founding
- 02/1968
- Data as of
- 12/2022
- EIN
- 92-0047054
Organization Overview
Public Employees Local 71 is located in Anchorage, AK. The organization was established in 1968. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Public Employees Local 71 employed 14 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Public Employees Local 71 is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Public Employees Local 71 generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
UNION REPRESENTATION OF MEMBERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISBURSEMENTS USED TO ORGANIZE LABOR, SECURE BETTER WAGES, HOURS, BENEFITS AND WORKING CONDITIONS FOR ITS MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Adams Business Manager/secretary Treasurer | OfficerTrustee | 40 | $147,184 |
William Meers Executive Board Member | OfficerTrustee | 40 | $108,730 |
Kyle Perry Recording Secretary Starting 8/22 | OfficerTrustee | 40 | $21,987 |
Matthew Cruikshank President | OfficerTrustee | 1 | $0 |
Philip Petrie Vice President | OfficerTrustee | 1 | $0 |
Melody Russo Recording Secretary Thru 6/22 | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,148 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,148 |
| Total Program Service Revenue | $2,333,991 |
| Investment income | $37,685 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $72,968 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $28,342 |
| Net Income from Sales of Inventory | -$910 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,488,224 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,500 |
| Grants and other assistance to domestic individuals. | $16,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $419,674 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $544,880 |
| Pension plan accruals and contributions | $165,863 |
| Other employee benefits | $141,980 |
| Payroll taxes | $71,346 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,799 |
| Fees for services: Other | $6,875 |
| Advertising and promotion | $10,251 |
| Office expenses | $79,676 |
| Information technology | $49,703 |
| Royalties | $0 |
| Occupancy | $69,676 |
| Travel | $77,092 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,184 |
| Interest | $0 |
| Payments to affiliates | $700,313 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $939 |
| All other expenses | $0 |
| Total functional expenses | $2,498,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,636 |
| Savings and temporary cash investments | $74,168 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,720,422 |
| Investments—other securities | $1,303,861 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,159,087 |
| Accounts payable and accrued expenses | $75,647 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $75,647 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $3,083,440 |
| Total liabilities and net assets/fund balances | $3,159,087 |