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Alaska Forest Association INC

Not tax-deductible

Ketchikan, AK501(c)(6)Mutual / membership EIN 92-0023202Revenue $262K in FY2024

On file with the IRSakforest.org432 Carlanna Lake Rd, 99901-5617 · Ketchikan, AKTax-exempt since Oct 1962

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To promote a health, growing Forest-based industry in Alaska nad to provide cost effective benefits and services to its members.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $58K a year · 22% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Plus $410K in investments, Pt X · Ln 11–13
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$19K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 21 voting members
Concern: none of 21 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$262K
+9% vs prior year
Spent
$318K
To programs
0%
Net assets
$445K
By yearFY2020–FY2024
Revenue
$262K
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$269K
FY2021$216K
FY2022$311K
FY2023$240K
FY2024$262K
Expenses
$318K
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$316K
FY2021$284K
FY2022$368K
FY2023$300K
FY2024$318K
Net assets
$445K
FY2024▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2020$685K
FY2021$617K
FY2022$561K
FY2023$500K
FY2024$445K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1962.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Tessa Axelson
Executive Di
$0Pt VII · Sec A
$0Pt VII · Sec A
Eric Nichols
Vice Preside
$0Pt VII · Sec A
Brian Brown
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Tessa Axelson$110,000$131,748$120,020$84,862

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Alaska Forest Association INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Alaska's forest industry with cost-effective benefits and services.

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$262K
Ln 12
Gifts and grantsLn 1h$233K
Investment incomeLn 3$33K
Money outPt IX
$318K
Ln 25
Owns and owesPt X
$445K
net assets · Ln 32
Cash and savingsLn 1–2$51K
Total assetsLn 16$464K
LiabilitiesLn 26$19K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$233K
Government grantsLn 1e$50K
Investment incomeLn 3$33K
Total revenueLn 12$262K
Assets in detailPt X, end of year
CashLn 1$51K
Cash and savings togetherLn 1–2$51K
InvestmentsLn 11–13$410K
Total assetsLn 16$464K
LiabilitiesLn 26$19K
Net assetsLn 32$445K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$52K$51K
InvestmentsLn 11–13$440K$410K
Total assetsLn 16$527K$464K
LiabilitiesLn 26$27K$19K
Net assetsLn 32$500K$445K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$34K
Accounting feesLn 11c$12K
Lobbying feesLn 11d$15K
Investment management feesLn 11f$2K
Other fees for servicesLn 11g$151K
Advertising and promotionLn 12$5K
Office expensesLn 13$22K
OccupancyLn 16$11K
TravelLn 17$7K
Conferences, conventions and meetingsLn 19$30K
InsuranceLn 23$15K
Other expenses (24a–d)Ln 24$14K
Total functional expensesLn 25$318K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $262K$318K−$56K$445K 990 PDF
FY2023 $240K$300K−$60K$500K 990 PDF
FY2022 $311K$368K−$57K$561K 990 PDF
FY2021 $216K$284K−$68K$617K 990 PDF
FY2020 $269K$316K−$47K$685K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $262,236 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $184,970$233,172
I-9 Program service revenue$0
I-10 Investment incomePrior year $35,823$33,166
I-11 Other revenuePrior year $18,983−$4,102
I-12 Total revenuePrior year $239,776$262,236
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $110,000$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $190,006$317,947
I-18 Total expensesPrior year $300,006$317,947
I-19 Revenue less expensesPrior year −$60,230−$55,711
Part VI · Governance 0 of 21 board members independent, 3 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $262,236 across 7 lines filed
VIII-1b Membership dues$176,058
VIII-1e Government grants$49,823
VIII-1f All other contributions, gifts and grants$7,291
VIII-1h Total contributions, gifts and grants$233,172
VIII-3 Investment incomeExcluded from tax $33,166$33,166
VIII-8 Net income from fundraising eventsExcluded from tax −$4,102−$4,102
VIII-12 Total revenueExcluded from tax $29,064$262,236
Part IX · Statement of functional expenses $317,947 across 12 lines filed
IX-11b Legal fees$33,869
IX-11c Accounting fees$12,261
IX-11d Lobbying fees$15,000
IX-11f Investment management fees$1,768
IX-11g Other fees for services$150,903
IX-12 Advertising and promotion$5,084
IX-13 Office expenses$22,053
IX-16 Occupancy$11,002
IX-17 Travel$6,971
IX-19 Conferences, conventions and meetings$29,752
IX-23 Insurance$14,784
IX-24 Other expenses (24a–d)$14,500
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$317,947
Part X · Balance sheet $463,876 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $52,461$51,335
X-4 Accounts receivableStart of year $34,348$2,091
X-11 Publicly traded securitiesStart of year $440,441$410,450
X-16 Total assetsStart of year $527,250$463,876
X-17 Accounts payable and accrued expensesStart of year $26,953$19,290
X-26 Total liabilitiesStart of year $26,953$19,290
X-32 Total net assets or fund balancesStart of year $500,297$444,586
X-33 Total liabilities and net assetsStart of year $527,250$463,876
Part XI · Reconciliation of net assets $444,586 net assets at year end
XI-1 Total revenue$262,236
XI-2 Total expenses$317,947
XI-3 Revenue less expenses−$55,711
XI-4 Net assets at start of year$500,297
XI-10 Net assets at end of year$444,586

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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