Nonprofit · EIN 92-0123006
ANCHORAGE ECONOMIC DEVELOPMENT CORP
Tax-exempt · ANCHORAGE, AK 99501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $325,386 | $963,516 | -$638,130 | $785,755 | $557,959 | $227,796 |
| December 31, 2023 | 990 | $1,862,002 | $1,073,203 | $788,799 | $1,521,566 | $634,140 | $887,426 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,028,871
- of which government grants
- $254,000
- Membership dues
- $346,950
- Program service revenue
- $52,214
- Investment income
- -$757,736
- Net gain from sales of assets
- -$758,000
- Net income from fundraising events
- $385
- Other revenue
- $2,037
Expenses
- Grants and similar amounts paid
- $1,105
- Compensation of officers, directors and key employees
- $176,239
- Other salaries and wages
- $197,987
- Salaries, compensation and benefits (total)
- $435,283
- Professional fundraising fees
- $0
- Legal fees
- $1,706
- Accounting fees
- $42,389
- Occupancy
- $105,233
- Travel
- $38,362
- Depreciation
- $6,049
Balance sheet and other
- Total assets, start of year
- $1,521,566
- Total assets, end of year
- $785,755
- Total liabilities, end of year
- $557,959
- Net assets, end of year
- $227,796
- Land, buildings and equipment
- $23,678
- Net assets without donor restrictions
- $227,796
- Gross receipts
- $1,217,241
- Employees
- 8
- Volunteers
- 20
- Year formed
- 1987
- 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 |
|---|---|---|---|---|
| JENNA WRIGHT | PRESIDENT/CEO Officer | 40 | $161,550 | $14,689 |
| RYAN STRONG | CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| MICHELLE KLOUDA | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| MARK FILIPENKO | SECRETARY/TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| LAURA EDMONDSON | PAST CHAIR Trustee or director | 2 | $0 | $0 |
| DAVE CAVITT | AT-LARGE Trustee or director | 2 | $0 | $0 |
| DAVID KARP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM WAILAND | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| FLORIAN BOROWSKI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WALTER FEATHERLY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIM THOMPSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MATT CLARKSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JENNIFER OPSUT | DIRECTOR Trustee or director | 3 | $0 | $0 |
| JOE KOTARSKI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CAROL GORE | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM POPP | PRESIDENT/CEO, RESIGNED SEPTEMBER Officer | 50 | $215,663 | $5,543 |
| JENNA WRIGHT | PRESIDENT/CEO Officer | 40 | $133,277 | $13,822 |
| LAURA EDMONDSON | CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| RYAN STRONG | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| MARK FILIPENKO | SECRETARY/TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| STEVE NOBLE | PAST CHAIR Trustee or director | 2 | $0 | $0 |
| DAVE CAVITT | AT-LARGE Trustee or director | 2 | $0 | $0 |
| DAVID KARP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM WAILAND | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MICHELLE KLOUDA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MIKE HUSTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| FLORIAN BOROWSKI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WALTER FEATHERLY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIM THOMPSON | DIRECTOR Trustee or director | 3 | $0 | $0 |
| MATT CLARKSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JENNIFER OPSUT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOE KOTARSKI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAULA WILLMAN | DIRECTOR, RESIGNED MAY Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 510 L ST STE 603, ANCHORAGE, AK 99501-1959
- In care of
- % THE FORAKER GROUP
- Principal officer (990 for 2024)
- HEATHER HARRIS, 510 L STREET 603, ANCHORAGE, AK 99501
- Signed the 990
- HEATHER HARRIS, INTERIM PRESIDENT/CEO
- Phone
- (907) 258-3700
- Website
- HTTP://AEDCWEB.COM
- Return prepared by
- THOMAS HEAD & GREISEN PC
Mission
THE MISSION OF AEDC IS TO GROW A PROSPEROUS, SUSTAINABLE AND DIVERSE ECONOMY. AEDC HAS BEEN IN OPERATION SINCE 1987 AS A PRIVATE NONPROFIT CORPORATION (IRS CODE 501(C)(6). IT EXISTS TO ENCOURAGE ECONOMIC GROWTH AND DIVERSITY IN ANCHORAGE, TO PROMOTE A FAVORABLE BUSINESS CLIMATE, AND TO RAISE ANCHORAGE RESIDENTS' STANDARD OF LIVING.
Program accomplishments
- 2024 EFFORTS WERE FOCUSED ON IMPLEMENTING THE "CHOOSE ANCHORAGE" PLAN FOCUSING ON PROJECT ANCHORAGE AN EFFORT ESTABLISHED BY OUR BOARD MEMBERS AND MEMBERS OF A BUSINESS COALITION TO INTRODUCE A 3% SALES TAX TO THE ANCHORAGE MUNICIPALITY TO SPUR ECONOMIC DEVELOPMENT AND REDUCE RESIDENTS' PROPERTY TAXES. AEDC COMPLETED WORK ON THE "CHOOSE ANCHORAGE" PLAN IN 2022. CHOOSE ANCHORAGE IS A COMPREHENSIVE RESEARCH REPORT THAT WAS FUNDED BY A UNITED STATES ECONOMIC DEVELOPMENT ADMINISTRATION GRANT. RESEARCH CENTERED AROUND A WORKFORCE AND INDUSTRY CLUSTER ANALYSIS THAT RESULTED IN A COMPREHENSIVE RESEARCH PLAN AND ASSOCIATED ACTION PLAN FOCUSED ON INCREASING ANCHORAGE'S WORKING AGE ADULT POPULATION AND THE OVERALL ECONOMY. RESEARCH WAS CONDUCTED FOR THE MAJORITY OF THE YEAR THROUGH ROUNDTABLE DISCUSSIONS, KEY STAKEHOLDER INTERVIEWS AND ANALYTICAL ANALYSIS AND FINALLY COMPLETED IN NOVEMBER.
- THE 2024 ECONOMIC FORECAST LUNCHEON IN JANUARY FORECASTS THE ANCHORAGE ECONOMY BASED ON EMPLOYMENT, POPULATION, AND DEMOGRAPHIC DATA; PROVIDED A SNAPSHOT LOOK AT THE LABOR FORCE; AND OFFERED AN UPDATE ON CONSUMER AND BUSINESS CONFIDENCE. EVENT WAS HELD AT THE DENA'INA CENTER IN ANCHORAGE. KEYNOTE PRESENTATION: PATIENCE FARIBROTHER
- THE 3-YEAR OUTLOOK LUNCHEON DISCUSSES THE PROJECTED TRAJECTORY OF THE LOCAL ECONOMY BASED ON A REVIEW OF HISTORICAL AND CURRENT DATA, INTERVIEWS WITH REPRESENTATIVES OF BUSINESSES AND ORGANIZATIONS, AND ANALYSIS OF CURRENT EVENTS. THE OUTLOOK CONSIDERS TRENDS IN EIGHT KEY INDICATORS INCLUDING POPULATION, EMPLOYMENT, PERSONAL INCOME, AIR PASSENGER AND FREIGHT VOLUMES, BUILDING PERMITS, PORT OF ALASKA TONNAGE, VISITOR INDUSTRY ACTIVITY AND OIL PRICES. EVENT WAS HELD AT THE DENA'INA CENTER IN ANCHORAGE. KEYNOTE PRESENTATION: ANDREW BUSCH
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
- 92-0123006
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $785,755
- Income (IRS master file)
- $1,217,241
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $325,386 | $963,516 | $785,755 | IRS |
| 990 | December 2023 | $1,862,002 | $1,073,203 | $1,521,566 | XML |
| 990 | December 2022 | $1,542,933 | $1,538,643 | $842,663 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 92-0123006).
Questions about ANCHORAGE ECONOMIC DEVELOPMENT CORP
- What is the EIN of ANCHORAGE ECONOMIC DEVELOPMENT CORP?
- The employer identification number (EIN) of ANCHORAGE ECONOMIC DEVELOPMENT CORP is 92-0123006.
- Is ANCHORAGE ECONOMIC DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1989.
- Are donations to ANCHORAGE ECONOMIC DEVELOPMENT CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ANCHORAGE ECONOMIC DEVELOPMENT CORP 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 ANCHORAGE ECONOMIC DEVELOPMENT CORP 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 ANCHORAGE ECONOMIC DEVELOPMENT CORP 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 ANCHORAGE ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 names HEATHER HARRIS.
- Who are the officers and directors of ANCHORAGE ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 lists 15 people; 1 received compensation from the organization, the highest $161,550 (JENNA WRIGHT, PRESIDENT/CEO).
- How much revenue does ANCHORAGE ECONOMIC DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $325,386, expenses of $963,516 and total assets of $785,755 at year end.
Other nonprofits in ANCHORAGE
- ALASKA NATIVE TRIBAL HEALTH CONSORTIUM EIN 92-0162721 · last filed 990 for 2025
- SOUTHCENTRAL FOUNDATION EIN 92-0086076 · last filed 990 for 2025
- CHUGACH ELECTRIC ASSOCIATION INC EIN 92-0014224 · last filed 990 for 2025
- CREDIT UNION 1 EIN 92-0021481 · last filed 990 for 2025
- PUBLIC EDUCATION HEALTH TRUST EIN 92-6027877 · last filed 990 for 2025
- ALASKA VILLAGE ELECTRIC COOPERATIVE INC EIN 92-0035763 · last filed 990 for 2024
- ALASKA ELECTRICAL HEALTH AND WELFARE FUND EIN 92-6001972 · last filed 990 for 2024
- RASMUSON FOUNDATION EIN 91-6340739 · last filed 990-PF for 2024