Nonprofit · EIN 92-0077825
ALASKA BUSINESS DEVELOPMENT CENTER INC
Tax-exempt · ANCHORAGE, AK 99501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $836,069 | $739,734 | $96,335 | $658,545 | $54,459 | $604,086 |
| June 30, 2024 | 990 | $669,866 | $762,815 | -$92,949 | $513,053 | $5,302 | $507,751 |
| June 30, 2023 | 990 | $763,177 | $693,120 | $70,057 | $609,359 | $8,659 | $600,700 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $375,282
- of which government grants
- $360,000
- Program service revenue
- $460,744
- Investment income
- $43
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $97,046
- Other salaries and wages
- $296,748
- Salaries, compensation and benefits (total)
- $428,280
- Professional fundraising fees
- $0
- Occupancy
- $48,487
- Travel
- $185,037
- Program services (functional)
- $739,734
Balance sheet and other
- Total assets, start of year
- $513,053
- Total assets, end of year
- $658,545
- Total liabilities, end of year
- $54,459
- Net assets, end of year
- $604,086
- Gross receipts
- $836,069
- Employees
- 16
- Year formed
- 1978
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE KERN | PRESIDENT Trustee or director, Officer | 40 | $97,046 |
| RAYMOND KOSO JR | DIRECTOR Trustee or director | 5 | $0 |
| PAUL REID | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE KERN | PRESIDENT Trustee or director, Officer | 40 | $100,648 |
| RAYMOND KOSO JR | DIRECTOR Trustee or director | 5 | $0 |
| PAUL REID | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE KERN | PRESIDENT Trustee or director, Officer | 40 | $98,665 |
| RAYMOND KOSO JR | DIRECTOR Trustee or director | 5 | $0 |
| PAUL REID | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 840 K ST STE 202, ANCHORAGE, AK 99501-3353
- Principal officer (990 for 2024)
- MICHELLE KERN, 840 K STREET 202, ANCHORAGE, AK 99501
- Signed the 990
- MICHELLE KERN, PRESIDENT
- Phone
- (907) 562-0335
- Website
- WWW.ABDC.ORG
- Return prepared by
- LESLIE J SCHMITZ CPA
Mission
ALASKA BUSINESS DEVELOPMENT CENTER INC PROVIDES MANAGEMENT AND TECHNICAL ASSISTANCE, FREE TAX EDUCATION, FREE TAX PREPARATION, BUSINESS RELATED WORKSHOPS, TAX PROBLEM RESOLUTION, CREATIVE FINANCIAL PROBLEM SOLVING AND LOAN/GRANT APPLICATION ASSISTANCE TO RURAL ALASKAN RESIDENTS.
Program accomplishments
- ABDC ASSISTED LOW INCOME FAMILIES IN RURAL ALASKA PREPARE CURRENT YEAR TAX RETURNS.Expenses $432,311 · grants $240,500 · revenue $293,772
- ABDC PROVIDED TAX EDUCATIONAL SERVICES AND RESOLUTION OF TAX CONTROVERSIES TO LOW INCOME ALASKAN FAMILIESExpenses $250,818 · grants $102,000 · revenue $143,569
- ABDC PROVIDED CURRENT YEAR TAX PREPARATION TO SENIOR CITIZENS IN RURAL ALASKAExpenses $17,500 · grants $17,500
- ABDC PROVIDED LEGAL AND CONSULTING SERVICES FOR IRS CONTROVERSIES AND PROVIDED ADDITIONAL SERVICES AND RAISED REVENUE FOR ALL PROGRAMSExpenses $39,105 · revenue $38,685
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 92-0077825
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43Z)
- Assets (IRS master file)
- $658,545
- Income (IRS master file)
- $836,069
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $836,069 | $739,734 | $658,545 | IRS |
| 990 | June 2024 | $669,866 | $762,815 | $513,053 | IRS |
| 990 | June 2023 | $763,177 | $693,120 | $609,359 | XML |
| 990 | June 2022 | $437,022 | $494,711 | $536,941 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 92-0077825).
Questions about ALASKA BUSINESS DEVELOPMENT CENTER INC
- What is the EIN of ALASKA BUSINESS DEVELOPMENT CENTER INC?
- The employer identification number (EIN) of ALASKA BUSINESS DEVELOPMENT CENTER INC is 92-0077825.
- Is ALASKA BUSINESS DEVELOPMENT CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to ALASKA BUSINESS DEVELOPMENT CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALASKA BUSINESS DEVELOPMENT CENTER 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 BUSINESS DEVELOPMENT CENTER INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALASKA BUSINESS DEVELOPMENT CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ALASKA BUSINESS DEVELOPMENT CENTER INC?
- The 990 for the year ended June 30, 2025 names MICHELLE KERN.
- Who are the officers and directors of ALASKA BUSINESS DEVELOPMENT CENTER INC?
- The 990 for the year ended June 30, 2025 lists 3 people; 1 received compensation from the organization, the highest $97,046 (MICHELLE KERN, PRESIDENT).
- How much revenue does ALASKA BUSINESS DEVELOPMENT CENTER INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $836,069, expenses of $739,734 and total assets of $658,545 at year end.
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All nonprofits in ANCHORAGE · Alaska · Community improvement and capacity building