Form 990 for tax year 2022
Filed by ALASKA PUBLIC SERVICE EMPLOYEES LOCAL UNION NO 71 TRUST FUND.
Totals
- Total revenue
- $34,903,641
- Total expenses
- $30,437,905
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $33,708,526
- Investment income
- $1,185,676
- Other revenue
- $9,439
- Total assets, end of year
- $54,887,764
- Total liabilities, end of year
- $8,903,611
- Net assets or fund balances, end of year
- $45,984,153
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
2a · Program service revenue: EMPLOYER CONTRIBUTIONS
total $29,876,027 · related or exempt $29,876,027
-
2b · Program service revenue: EMPLOYEE CONTRIBUTIONS
total $3,795,070 · related or exempt $3,795,070
-
2c · Program service revenue: COBRA
total $37,429 · related or exempt $37,429
-
3 · Investment income
total $1,285,755 · excluded $1,285,755
-
7a · Gross sales of assets other than inventory
securities $4,283,893
-
7b · Less cost or other basis and sales expenses
securities $4,383,972
-
7c · Gain or loss
securities -$100,079
-
7d · Net gain or loss
total -$100,079 · excluded -$100,079
-
11a · Other revenue: SUBROGATION SETTLEMENT
total $9,127 · related or exempt $9,127
-
11b · Other revenue: EXTERNAL REVIEW
total $312 · related or exempt $312
-
11e · Other revenue, total
$9,439
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $26,492,783
-
11a · Fees: management
total $894,396
-
11b · Fees: legal
total $53,492
-
11c · Fees: accounting
total $5,878
-
11f · Fees: investment management
total $125,306
-
11g · Fees: other
total $127,242
-
13 · Office expenses
total $176,416
-
16 · Occupancy
total $12,000
-
17 · Travel
total $10,174
-
19 · Conferences, conventions and meetings
total $28,506
-
22 · Depreciation, depletion and amortization
total $1,071
-
23 · Insurance
total $46,098
-
24a · Other expenses: PPO & MANAGED CARE FEES
total $1,985,249
-
24b · Other expenses: AETNA ADMIN FEE
total $401,944
-
24c · Other expenses: AK VACCINE ASSESSMENT
total $69,229
-
24d · Other expenses: PCORI
total $8,121
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,903,560 · end of year $9,294,153
-
2 · Savings and temporary cash investments
end of year $5,138,706
-
4 · Accounts receivable
beginning of year $3,444,311 · end of year $3,082,904
-
9 · Prepaid expenses and deferred charges
beginning of year $19,128 · end of year $16,959
-
10a · Land, buildings and equipment: cost or other basis
$39,057
-
10b · Land, buildings and equipment: accumulated depreciation
$35,753
-
10c · Land, buildings and equipment, net
beginning of year $4,376 · end of year $3,304
-
11 · Investments: publicly traded securities
beginning of year $38,532,411 · end of year $37,351,738
-
17 · Accounts payable and accrued expenses
beginning of year $109,831 · end of year $360,990
-
25 · Other liabilities
beginning of year $7,093,959 · end of year $8,542,621
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $43,699,996 · end of year $45,984,153
Mission and programs · 2022
Mission
TO PROVIDE HEALTH AND WELFARE BENEFITS TO QUALIFIED PARTICIPANTS OF THE PLAN.
Activities or mission (Part I)
TO PROVIDE HEALTH AND WELFARE BENEFITS TO QUALIFIED PARTICIPANTS AS SPECIFIED IN THE PLAN.
-
TO PROVIDE HEALTH AND WELFARE BENEFITS TO QUALIFIED PARTICIPANTS AS SPECIFIED IN THE PLAN.
As filed on the 2022 return.
Listed in Part VII
-
JORDAN ADAMS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
WILLIAM MEERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
DESIREE WILSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
ERIC CANADY
TRUSTEE (OUTGOING)
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
KRISTINA ROCHE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
KYLE PERRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 40 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.
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.
-
STATE OF ALASKA
CONTRIBUTING EMPLOYER · AK
-
501(C)(5) · UNION · AK
-
MUNICIPALITY OF ANCHORAGE
CONTRIBUTING EMPLOYER · AK
-
HAINES BOROUGH
CONTRIBUTING EMPLOYER · AK
-
ANCHORAGE SCHOOL DISTRICT
CONTRIBUTING EMPLOYER · AK
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420749349302012
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