Nonprofit · EIN 92-0035763
ALASKA VILLAGE ELECTRIC COOPERATIVE INC
Tax-exempt · ANCHORAGE, AK 99503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $90,057,968 | $81,667,365 | $8,390,603 | $169,266,304 | $99,195,727 | $70,070,577 |
| December 31, 2023 | 990 | $93,293,217 | $90,626,852 | $2,666,365 | $161,783,977 | $100,209,679 | $61,574,298 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,542,418
- of which government grants
- $6,542,418
- Program service revenue
- $77,931,939
- Investment income
- $2,745,215
- Net gain from sales of assets
- $275,877
- Other revenue
- $2,838,396
Expenses
- Grants and similar amounts paid
- $15,000
- Compensation of officers, directors and key employees
- $867,320
- Other salaries and wages
- $5,510,436
- Salaries, compensation and benefits (total)
- $9,675,926
- Professional fundraising fees
- $0
- Legal fees
- $181,813
- Accounting fees
- $152,401
- Occupancy
- $1,545,645
- Travel
- $1,338,813
- Depreciation
- $5,586,632
Balance sheet and other
- Total assets, start of year
- $161,783,977
- Total assets, end of year
- $169,266,304
- Total liabilities, end of year
- $99,195,727
- Net assets, end of year
- $70,070,577
- Land, buildings and equipment
- $83,747,269
- Publicly traded securities
- $4,454,217
- Gross receipts
- $90,742,428
- Employees
- 120
- Year formed
- 1967
- State of legal domicile
- AK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM STAMM | PRESIDENT & CEO Officer | 45 | $314,632 | $237,328 |
| LENNY WELCH | Mgr, Bethel Operations Highest-paid employee | 45 | $243,863 | $115,709 |
| David Johnson | Mgr, Operations Highest-paid employee | 45 | $206,443 | $97,305 |
| William Thomson | Engineering & Technology Adv. Highest-paid employee | 45 | $175,009 | $124,400 |
| FOREST Button | Mgr, Key Accounts Highest-paid employee | 45 | $170,738 | $117,345 |
| DANIEL ALLIS | MGR, OGS Highest-paid employee | 45 | $204,658 | $28,318 |
| REBECCA LOPEZ | CFO (Jan - July 2024) Officer | 45 | $92,134 | $58,418 |
| Debra Caldwell | CFO (July - Dec 2024) Officer | 45 | $78,131 | $48,727 |
| HELENA R JONES | VICE-CHAIRMAN Trustee or director, Officer | 2 | $7,500 | $0 |
| Fred Sagoonick | CHAIRMAN OF BOARD Trustee or director, Officer | 4 | $6,600 | $0 |
| Sandra Tall-Lake | Secretary Trustee or director, Officer | 2 | $6,300 | $0 |
| Frederick Beans | Director Trustee or director | 2 | $4,800 | $0 |
| PETER J DEMOSKI | Treasurer Trustee or director, Officer | 2 | $3,900 | $0 |
| HOMER HUNTER JR | DIRECTOR Trustee or director | 2 | $3,450 | $0 |
| PHYLLIS CLOUGH | Director (Jan - April 2024) Trustee or director | 2 | $2,700 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Peters | Director (Apr - Dec 2024) Trustee or director | 2 | $2,700 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM STAMM | PRESIDENT & CEO Officer | 45 | $290,534 | $224,032 |
| DANIEL ALLIS | Mgr, Operations Highest-paid employee | 45 | $175,449 | $187,659 |
| LENNY WELCH | Mgr, Bethel Operations Highest-paid employee | 45 | $228,147 | $107,351 |
| Darren Westby | Mgr, Engineering Highest-paid employee | 45 | $160,962 | $122,319 |
| FOREST Button | Mgr, Key Accounts Highest-paid employee | 45 | $161,960 | $97,922 |
| SCOTT SANNER | CIO Highest-paid employee | 45 | $168,826 | $83,087 |
| REBECCA LOPEZ | CFO Officer | 45 | $159,137 | $47,768 |
| HOMER HUNTER JR | DIRECTOR Trustee or director | 2 | $6,450 | $0 |
| HELENA R JONES | VICE-CHAIRMAN Trustee or director, Officer | 2 | $5,550 | $0 |
| PHYLLIS CLOUGH | SECRETARY Trustee or director, Officer | 2 | $5,550 | $0 |
| Frederick Beans | Director Trustee or director | 2 | $5,250 | $0 |
| Sandra Tall-Lake | Treasurer Trustee or director, Officer | 2 | $4,350 | $0 |
| Fred Sagoonick | CHAIRMAN OF BOARD Trustee or director, Officer | 4 | $2,850 | $0 |
| PETER J DEMOSKI | Director Trustee or director | 2 | $2,850 | $0 |
| Robert Beans Sr | DIRECTOR Trustee or director | 2 | $300 | $0 |
| ROBERT HOFFMAN | DIRECTOR Trustee or director | 2 | $300 | $0 |
Address and contacts
- Address (IRS master file)
- ALASKA VILLAGE ELECTRIC AVEC, ANCHORAGE, AK 99503-0000
- In care of
- % DEBRA CALDWELL
- Principal officer (990 for 2024)
- WILLIAM R STAMM, 4831 EAGLE STREET, ANCHORAGE, AK 99503
- Signed the 990
- WILLIAM R STAMM, PRESIDENT & CEO
- Phone
- (907) 561-1818
- Website
- www.avec.org
- Return prepared by
- BDO USA
Mission
TO PROVIDE ELECTRIC POWER TO 59 REMOTE ALASKAN VILLAGES.
Program accomplishments
- GENERATED 135.5 M KWH FOR USE BY 11,530 CONSUMERS IN 59 VILLAGES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-0035763
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $169,266,304
- Income (IRS master file)
- $90,742,428
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $90,057,968 | $81,667,365 | $169,266,304 | IRS |
| 990 | December 2023 | $93,293,217 | $90,626,852 | $161,783,977 | XML |
| 990 | December 2022 | $69,708,185 | $72,863,346 | $150,723,795 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 92-0035763).
Questions about ALASKA VILLAGE ELECTRIC COOPERATIVE INC
- What is the EIN of ALASKA VILLAGE ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of ALASKA VILLAGE ELECTRIC COOPERATIVE INC is 92-0035763.
- Is ALASKA VILLAGE ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1969.
- Are donations to ALASKA VILLAGE ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ALASKA VILLAGE ELECTRIC COOPERATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ALASKA VILLAGE ELECTRIC COOPERATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALASKA VILLAGE ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ALASKA VILLAGE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names WILLIAM R STAMM.
- Who are the officers and directors of ALASKA VILLAGE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 16 received compensation from the organization, the highest $314,632 (WILLIAM STAMM, PRESIDENT & CEO).
- How much revenue does ALASKA VILLAGE ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $90,057,968, expenses of $81,667,365 and total assets of $169,266,304 at year end.
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