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      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>true</AccountantCompileOrReview>
      <FSAudited>false</FSAudited>
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        <CurrentTaxYear>61600</CurrentTaxYear>
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      <GeneralExplanation>
        <Identifier>ORGANIZATION'S MISSION</Identifier>
        <ReturnReference>FORM 990 - ORGANIZATION'S MISSION</ReturnReference>
        <Explanation>PURPOSE: TO EDUCATE MEMBERS AND OTHERS ON SIGNIFICANT PUBLIC POLICY ISSUES AFFECTING ALASKA AND ITS FUTURE, AND TO ASSIST IN THEIR RESOLUTION. VISION: TO LEAD ALASKANS TO ADOPT ENLIGHTENED POLICIES THAT ENHANCE ALASKANS' QUALITY OF LIFE AND THAT IMPROVE THE STATE'S ABILITY TO EFFECTIVELY MANAGE ITS RESOURCES. CORE VALUES: 1. RECOGNIZE THE STATE'S UNIQUE OBLIGATION TO MANAGE THE COMMON WEALTH OF ALASKA 2. COMMIT TO THE FUTURE OF ALASKA 3. PUT ALASKA'S INTERESTS BEFORE SPECIAL INTERESTS 4. EXERCISE INTELLECTUAL INTEGRITY AND RIGOR 5. RESPECT ALL PEOPLES AND CULTURES</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CLASSES OF MEMBERS OR STOCKHOLDERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 6</ReturnReference>
        <Explanation>COMMONWEALTH NORTH IS FUNDED BY INDIVIDUAL MEMBER DUES AND PRIVATE SECTOR UNDERWRITING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ELECTION OF MEMBERS AND THEIR RIGHTS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 7A</ReturnReference>
        <Explanation>THE BOARD OF DIRECTORS IS ELECTED BY THE ORGANIZATION'S REGULAR, DUES- PAYING MEMBERS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>A DRAFT OF THE 2010 FORM 990 WAS REVIEWED &amp; APPROVED BY THE ORGANIZATION'S FINANCE COMMITTEE PRIOR TO FILING.</Explanation>
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      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>COPIES OF THE ORGANIZATION'S GOVERNNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
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</Return>