2025-06-05T18:47:40-05:00 2024-12-31 920121157 RJG A PROFESSIONAL CORPORATION 1100 WEST BARNETTE SUITE 102 FAIRBANKS AK 99701 990 2024-01-01 920036148 FAIRBANKS ECONOMIC DEVELOPMENT CORP FAIR 9074522185 330 WENDELL AVE SUITE E FAIRBANKS AK 99701 JOMO STEWART PRESIDENT AND CEO 9074522185 2025-05-13 1 0 DEBRA J GROSS P00167123 9074524156 2025-05-13 2024 2025-03-06 01:10:19Z JOMO STEWART 330 WENDELL AVE FAIRBANKS AK 99701 596414 0 X WWW.INVESTFAIRBANKS.COM X 1968 AK ECONOMIC DEVELOPMENT 11 11 4 17 0 0 688624 484358 12026 104259 2458 4848 0 2949 703108 596414 0 0 0 0 350786 353035 0 0 0 220119 250716 570905 603751 132203 -7337 558127 547917 75272 72399 482855 475518 X TO ASSIST IN CREATING NEW JOBS AND NEW ECONOMIC OPPORTUNITIES FOR RESIDENTS OF THE FAIRBANKS NORTH STAR BOROUGH AND OUR ECONOMIC AREA. 0 0 39348 COMMUNITY ECONOMIC MODELING: UNDERSTANDING WHAT DRIVES OUR ECONOMY AND HOW OUR ECONOMY WORKS HELPS FEDC AND OUR STATE LEADERS MAKE DECISIONS THAT POSITIVELY IMPACT OUR ECONOMY AND CONSEQUENTLY OUR CITIZENS' PERSONAL WELL-BEING. 78796 MILITARY AND ALASKA DEFENSE FORUM: THE FEDC MILITARY PROGRAM SEEKS TO ANCHOR, LEVERAGE AND GROW THE MILITARY INDUSTRY IN INTERIOR ALASKA. THE MILITARY INDUSTRY ACCOUNTS FOR ROUGHLY A THIRD OF THE LOCAL ECONOMY - WHILE ALASKA, AND SPECIFICALLY THE INTERIOR, OFFERS THE UNITED STATES THE MOST STRATEGIC LOCATION ON ITS SOIL FROM WHICH TO PROJECT POWER ACROSS THE NORTHERN HEMISPHERE AND ASIA/PACIFIC RIM. FEDC WORKS BROADLY TO ENGAGE THE MILITARY THROUGH DIRECT CONTACTS AND LOCAL AND NATIONAL ASSOCIATIONS TO ENHANCE ALASKA'S AND THE COMMUNITY'S COMPETITIVE POSITION IN THE NATIONAL MILITARY "MARKETPLACE". 6026 RURAL OUTREACH: FAIRBANKS STRIVES TO BE THE ECONOMIC, RECREATIONAL AND CULTURAL HUB OF INTERIOR AND NORTHERN ALASKA. THE CITY HAS LONG SERVED AS A CONDUIT FOR COMMERCE; TRADE, TRANSPORTATION, AND NATURAL RESOURCE DEVELOPMENT BEING ITS UNDERPINNING. IN ORDER TO DEVELOP RELATIONSHIPS AND BUILD REGIONAL CAPACITY, FEDC WORKS WITH THE FAIRBANKS INTERNATIONAL AIRPORT, FAIRBANKS NORTH STAR BOROUGH, GREATER FAIRBANKS CHAMBER OF COMMERCE, TANANAN CHIEFS CONFERENCE, LEADERS OF INTERIOR COMMUNITIES, AND MORE, TO ADVANCE THE COLLECTIVE NEEDS OF THE REGION BY WORKING ON THE FOLLOWING PROJECTS: REGIONAL MARKETING, ORGANIZATION OF TRADE MISSIONS TO INTERIOR COMMUNITIES, MONITORING BYPASS MAIL LEGISLATION, SUPPORTING TRANSPORTATION ROUTES TO RURAL COMMUNITIES, AND THE STAMP YOUR BUSINESS "CERTIFIED BUSH FRIENDLY" PROJECT. OTHER PROGRAMS INCLUDE GROW FAIRBANKS, COLD WEATHER TESTING, RURAL OUTREACH, COMMUNITY ECONOMIC MODELING, AND FORESTRY & MINING. 124170 0 1 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 4 1 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK X THE ORGANIZATION 9074522185 330 WENDELL AVE SUITE E FAIRBANKS AK 99701 AMY COOK SECRETARY 2.00 X X 0 0 0 JEFF PUTNAM BOARD CHAIR 2.00 X X 0 0 0 GERI SIMON VICE-CHAIR 2.00 X X 0 0 0 DAN WHITE DIRECTOR 1.00 X 0 0 0 STEVE LUNDGREN DIRECTOR 1.00 X 0 0 0 GRIER HOPKINS DIRECTOR 1.00 X 0 0 0 LOU FLORENCE DIRECTOR 1.00 X 0 0 0 CRYSTAL TIDWELL DIRECTOR 1.00 X 0 0 0 BRUNO GRUNAU DIRECTOR 1.00 X 0 0 0 ELENA SUDDUTH DIRECTOR 1.00 X 0 0 0 ANGIE TALLANT TREASURER 2.00 X X 0 0 0 JOMO STEWART CURRENT PRESIDENT/CEO 40.00 X 130365 0 0 130365 0 0 1 0 0 0 0 427608 56750 484358 ALASKA DEFENSE FORUM R 900099 95775 95775 THINK LOCCAL AND YOUNG 900099 8484 8484 104259 4848 4848 OTHER INCOME 900099 2949 2949 2949 596414 107208 0 4848 X 133750 168890 25280 25115 1245 14025 67172 2513 44733 6878 2237 3088 EVENT & CONFERENCE FACI 52080 PROMOTION & RESEARCH 19736 TELEPHONE/UTILITIES 9075 PROFESSIONAL MEETINGS: 8806 19128 603751 299491 236790 154908 159748 59500 106516 5928 7819 62351 59041 5548 3310 32752 33734 558127 547917 42520 38665 32752 33734 75272 72399 X 482855 475518 482855 475518 558127 547917 -7337 0 X X 1 X 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 62351 59041 3310 3310 RIGHT OF USE ASSET 33734 33734 LEASE LIABILITY 33734 33734 FORM 990, PART VI, SECTION B, LINE 11B ONCE THE FORM 990 HAS BEEN COMPLETED, THE EXECUTIVE ASSISTANT/FISCAL MANAGER AND THE PRESIDENT/CEO BOTH REVIEW THE DRAFT OF THE 990 FOR ACCURACY AND COMPLETENESS, WORKING WITH THE PREPARER AS NECESSARY TO MAKE ANY CORRECTIONS. THE 990 IS THEN FORWARDED TO THE FINANCE COMMITTEE WHO WILL CONDUCT A FINAL REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C FEDC HAS GUIDELINES TO AVOID REAL OR POTENTIAL CONFLICTS OF INTEREST INCLUDING A SYSTEM WHERE BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO PRESENT IN WRITING ANY CONFLICT OF INTEREST TO THE FEDC BOARD OF DIRECTORS. ANY POTENTIAL CONFLICTS OF INTEREST ARE ALSO REVIEWED THROUGH FEDC'S ANNUAL AUDIT. FORM 990, PART VI, SECTION B, LINE 15 THE CURRENT CEO WAS HIRED SEVERAL YEARS AGO. AT THAT TIME, THE BOARD OF DIRECTORS UNDERTOOK A LARGE SCALE, NATIONWIDE SEARCH FOR A CEO. AS PART OF THIS PROCESS, THE BOARD EVALUATED COMPENSATION AND BENEFIT PACKAGES FOR COMPARABLE POSITIONS, AND THE EXPERIENCE AND EXPERTISE REQUIRED OF THE PERSON FOR THIS POSITION. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ANNUAL FINANCIAL STATEMENTS ARE INCLUDED IN ANNUAL REPORTS THAT ARE PROVIDED TO GRANTORS, AND GOVERNMENTAL ENTITIES, AND ARE AVAILABLE ON THE FEDC WEBSITE. FORM 990, PART IX, LINE 11G AK DEFENSE FORUM PROJECT SERVICES 9,750. COMMUNITY ECONOMIC REPORT SERVICES 35,855. IT SERVICES 17,632. OTHER PROFESSIONAL FEES 185. PHOTOGRAPHY SERVICES 3,750. FORM 990, PART IX, LINE 24E OTHER MISCELLANEOUS EXPENSES 8,352. DUES & SUBSCRIPTIONS 7,449. TOUR TRANSPORTATION 3,327.