Form 990 for tax year 2022
Filed by ALASKA ELECTRICAL PENSION FUND REAL ESTATE TITLE HOLDING CORPORATION.
Totals
- Total revenue
- $2,933,391
- Total expenses
- $391,502
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $13,146
- Other revenue
- $2,920,245
- Total assets, end of year
- $78,167,892
- Total liabilities, end of year
- $832,857
- Net assets or fund balances, end of year
- $77,335,035
- Program services expenses (Part IX)
- $391,502
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $391,502
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
3 · Investment income
total $947 · related or exempt $947
-
6a · Gross rents
real property $7,784,030
-
6b · Less rental expenses
real property $4,863,785
-
6c · Rental income or loss
real property $2,920,245
-
6d · Net rental income or loss
total $2,920,245 · related or exempt $2,920,245
-
7a · Gross sales of assets other than inventory
securities $13,000,000
-
7b · Less cost or other basis and sales expenses
securities $12,987,801
-
7c · Gain or loss
securities $12,199
-
7d · Net gain or loss
total $12,199 · related or exempt $12,199
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $229,409 · program services $229,409
-
7 · Other salaries and wages
total $78,332 · program services $78,332
-
8 · Pension plan contributions
total $18,782 · program services $18,782
-
9 · Other employee benefits
total $20,036 · program services $20,036
-
10 · Payroll taxes
total $16,646 · program services $16,646
-
17 · Travel
total $28,297 · program services $28,297
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $308,577 · end of year $83,685
-
2 · Savings and temporary cash investments
beginning of year $2,368,727 · end of year $3,229,374
-
4 · Accounts receivable
beginning of year $176,778 · end of year $169,905
-
9 · Prepaid expenses and deferred charges
beginning of year $242,430 · end of year $84,928
-
10a · Land, buildings and equipment: cost or other basis
$81,857,541
-
10b · Land, buildings and equipment: accumulated depreciation
$7,257,541
-
10c · Land, buildings and equipment, net
beginning of year $84,890,000 · end of year $74,600,000
-
17 · Accounts payable and accrued expenses
beginning of year $865,769 · end of year $832,857
-
29 · Capital stock, trust principal or current funds
beginning of year $99,723,968 · end of year $87,120,743
-
31 · Retained earnings, endowment or other funds
beginning of year -$12,603,225 · end of year -$9,785,708
Mission and programs · 2022
Mission
HOLDING TITLE TO REAL PROPERTY
-
HOLDING TITLE TO REAL PROPERTY
Expenses $391,502
As filed on the 2022 return.
Listed in Part VII
-
Larry BellLARRY BELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Marcie ObremskiMARCIE OBREMSKI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
James CarrJAMES CARR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Jesse HaleJESSE HALE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Lael FullfordLAEL FULLFORD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Laurie ButcherLAURIE BUTCHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Sherri HighersSHERRI HIGHERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Jay RhodesJAY RHODES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Vince BeltramiVINCE BELTRAMI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Julius MatthewJULIUS MATTHEW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Jesse YoungJESSE YOUNG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
David McAllenDAVID MCALLEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Tim BrannanTIM BRANNAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Lee ThibertLEE THIBERT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Robert GarciaROBERT GARCIA
ADMINISTRATO
- Total calculated
- $118,958
- From this org
- $0
- From related orgs
- $66,067
- Other
- $52,891
- Hours/week
- 0 + 18 related
-
Peter CrossonPETER CROSSON
REAL ESTATE
- Total calculated
- $388,838
- From this org
- $174,991
- From related orgs
- $52,624
- Other
- $161,223
- Hours/week
- 31 + 9 related
Schedule J breakdown matched by us
- Base
- $168,279 + $50,606 related
- Bonus
- not reported
- Other
- $6,712 + $2,018 related
- Deferred
- $103,511 + $31,129 related
- Nontaxable benefits
- $20,437 + $6,146 related
- Filer's total
- $298,939 + $89,899 related
-
Sherry BorerSHERRY BORER
REINVESTMENT
- Total calculated
- $199,830
- From this org
- $78,563
- From related orgs
- $26,891
- Other
- $94,376
- Hours/week
- 30 + 10 related
Schedule J breakdown matched by us
- Base
- $75,497 + $25,841 related
- Bonus
- not reported
- Other
- $3,066 + $1,050 related
- Deferred
- $50,506 + $17,287 related
- Nontaxable benefits
- $19,804 + $6,779 related
- Filer's total
- $148,873 + $50,957 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · First-class or charter travel
- 1b · Written policy on the line-1a expenses
- 3 · Approval by the board or compensation committee
Answered no
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
AK ELECTRICAL PENSION PLAN
401A · PENSION · AK
Directly controlled by NA
-
AK ELECTRICAL RETIREMENT SAVINGS PL
401A · PENSION · AK
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312939349301531
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