Civic Intelligence

Anchorage Economic Development Corporation

990 • Fiscal year 2018 • EIN 92-0123006

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 09, 2019

Organization ProfileAEDCWEB.COM
510 L Street No 603Anchorage, AK 99501

(907) 258-3700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.60x

Higher debt load relative to assets than 88% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

45th percentile

0.14x

Higher debt load relative to revenue than 45% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

19th percentile

-4.6%

Higher net margin than 19% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

61st percentile

$171,454

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

5th percentile

-22%

Faster asset growth than 5% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

-15%

Faster revenue growth than 9% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$307,932

Down $88,333 (-22%) from 2017

Net Assets

Down

$123,981

Down $60,870 (-33%) from 2017

Liabilities

Down

$183,951

Down $27,463 (-13%) from 2017

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin19th percentile

Revenue

Down

$1,322,591

Down $232,697 (-15%) from 2017

Expenses

Down

$1,383,461

Down $169,754 (-11%) from 2017

Net Income

Down

-$60,870

Down $62,943 (-3036%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $454,287Liabilities 2010: $161,447Net Assets 2010: $292,8402010Assets 2011: $547,162Liabilities 2011: $254,757Net Assets 2011: $292,4052011Assets 2012: $468,846Liabilities 2012: $136,473Net Assets 2012: $332,3732012Assets 2013: $504,253Liabilities 2013: $249,718Net Assets 2013: $254,5352013Assets 2014: $489,487Liabilities 2014: $190,052Net Assets 2014: $299,4352014Assets 2015: $583,451Liabilities 2015: $321,143Net Assets 2015: $262,3082015Assets 2016: $439,345Liabilities 2016: $256,567Net Assets 2016: $182,7782016Assets 2017: $396,265Liabilities 2017: $211,414Net Assets 2017: $184,8512017Assets 2018: $307,932Liabilities 2018: $183,951Net Assets 2018: $123,9812018Assets 2019: $260,961Liabilities 2019: $176,684Net Assets 2019: $84,2772019Assets 2020: $968,001Liabilities 2020: $852,011Net Assets 2020: $115,9902020Assets 2021: $1,050,243Liabilities 2021: $929,406Net Assets 2021: $120,8372021Assets 2022: $842,663Liabilities 2022: $717,536Net Assets 2022: $125,1272022Assets 2023: $1,521,566Liabilities 2023: $634,140Net Assets 2023: $887,4262023Assets 2024: $785,755Liabilities 2024: $557,959Net Assets 2024: $227,7962024

Highlighted filing

2018

Assets$307,932
Liabilities$183,951
Net Assets$123,981
Open 2018 Filing

Operations Trend

Revenue Growth9th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,108,3042010Revenue 2011: $1,112,756Expenses 2011: $1,113,191Net Income 2011: -$4352011Expenses 2012: $1,540,5332012Revenue 2013: $2,410,103Expenses 2013: $2,487,941Net Income 2013: -$77,8382013Revenue 2014: $2,368,754Expenses 2014: $2,323,854Net Income 2014: $44,9002014Revenue 2015: $1,602,808Expenses 2015: $1,639,935Net Income 2015: -$37,1272015Revenue 2016: $1,598,842Expenses 2016: $1,678,372Net Income 2016: -$79,5302016Revenue 2017: $1,555,288Expenses 2017: $1,553,215Net Income 2017: $2,0732017Revenue 2018: $1,322,591Expenses 2018: $1,383,461Net Income 2018: -$60,8702018Revenue 2019: $1,087,453Expenses 2019: $1,127,157Net Income 2019: -$39,7042019Revenue 2020: $1,124,825Expenses 2020: $1,093,112Net Income 2020: $31,7132020Revenue 2021: $1,153,207Expenses 2021: $1,148,360Net Income 2021: $4,8472021Revenue 2022: $1,542,933Expenses 2022: $1,538,643Net Income 2022: $4,2902022Revenue 2023: $1,862,002Expenses 2023: $1,073,203Net Income 2023: $788,7992023Revenue 2024: $325,386Expenses 2024: $963,516Net Income 2024: -$638,1302024

Highlighted filing

2018

Revenue$1,322,591
Expenses$1,383,461
Net Income-$60,870
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 9, 2019
Return Version
2018v3.1
Gross Receipts
$1,322,591
Mission and Program Overview

Mission

Aedc exists to grow and diversify the anchorage economy, promote a favorable business climate and to make anchorage the #1 place to live, work and play by 2030.

Aedc's vision and the basis of our live work play (lwp) initiative is to make anchorage the #1 city in america by 2025 through this process, we will improve our community and make anchorage a more competitive city that attracts and retains a talented workforce, a critical need if we are to draw new business investment to anchorage in the coming years. This vision is supported by our more than 250 investor companies, as well as the more than 200 volunteers and 158 partner organizations collaborating through lwp to make our city the best it can be.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$178,928$104,433▼ $74,495
Cash and Non-Interest-Bearing Accounts$78,794$100,804▲ $22,010
Accounts Receivable$70,021$50,367▼ $19,654
Prepaid Expenses and Deferred Charges$36,091$21,858▼ $14,233
Land, Buildings, and Equipment, Net$18,878$16,917▼ $1,961
Total Assets$396,265$307,932▼ $88,333
Other Assets Total$13,553$13,553→ $0
Liabilities
Deferred Revenue$109,890$120,541▲ $10,651
Accounts Payable and Accrued Expenses$101,524$63,410▼ $38,114
Total Liabilities$211,414$183,951▼ $27,463
Net Assets / Fund Balance
Unrestricted Net Assets$184,851$123,981▼ $60,870
Total Net Assets Fund Balance$184,851$123,981▼ $60,870
Total Liabilities and Net Assets / Fund Balance$396,265$307,932▼ $88,333

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,975$99,026$105,001
Other Land Buildings$10,942-$10,942
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William PoppPresident/CEOFT$157,836$13,618$171,454

Board Members and Trustees

NameTitle
Raquel EdelenChair
David KnappVice Chair
Charles GrimmMember
Dave CavittMember
Joseph EverhartMember
Julie TaylorMember
Laura EdmonsonMember
Lon WilsonMember
Marilyn RomanoMember
Michael HustonMember
Michael ProzeralikMember
Peter PoundsMember
Sophie MinichMember
Steve NobleMember
Dale ShawMember, Resigned
Grace GreeneMember, Resigned
Lynn Rust HendersonSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,179,533
Program Service Revenue
$139,775
Investment Income
$2,096
Other Revenue
$1,187
All Other Contributions
$537,033
Change in Net Assets
$-60,870

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table6$27,639Fair Market Value (FMV)
Other Non Cash Contri Table5$14,217Fair Market Value (FMV)
Other Non Cash Contri Table6$6,284Fair Market Value (FMV)
Other Non Cash Contri Table1$1,290Fair Market Value (FMV)
Total Noncash Contributions18$49,430-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$779,073
Other Expenses$593,210
Grants and Similar Amounts Paid$11,178
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$478,441
Current Officers, Directors, Trustees, and Key Employees---$171,454
Occupancy---$133,798
Conferences and Meetings---$126,277
Fees for Services Other---$96,345
Other Employee Benefits---$67,118
Travel---$58,671
Office Expenses---$56,581
Payroll Taxes---$49,444
Fees for Services Accounting---$21,757
Information Technology---$15,637
Pension Plan Contributions---$12,616
Grants to Domestic Orgs---$11,178
Other Expenses---$5,665
Insurance---$4,830
Depreciation Depletion---$3,029
Advertising---$2,115
Fees for Services Legal---$120
Total Functional Expenses$0$0$0$1,383,461
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The board reviews the 990 prior to filing.”

Form 990, Part VI, Section B, Line 12C

“As of 2009, aedc has implemented, by inclusion to the aedc bylaws, a policy that members of the board adhere to financial conflict of interest disclosure requirements, and submit applicable disclosures on an annual basis. Members of the board of directors will be expected to review a list of vendors for which aedc plans to spend in excess of $10,000 in the coming fiscal year and subsequently fill out a disclosures questionnaire identifying any potential conflicts of interest of a financial nature in regards to companies which they or their immediate family members might have a business relationship. Board members with identified conflicts regarding a specific item on the budget spending will be expected to abstain from voting on the approval of the budget spending.”

Form 990, Part VI, Section B, Line 15

“Compensation for the president/ceo of aedc is set by the collaborative efforts of the officers of the corporation, based on comparisons of similar organizations and consideration of skill set and experience. Increases in compensation are directly correlated to an annual review process, taking into account performance factors for the previous year.”

Form 990, Part VI, Section C, Line 18

“Aedc provides copies of the irs form 990, or any other applicable governing documents, to any interested parties upon request or by inspection of in-house copies at our offices. Aedc is also aware that digital copies of the irs form 990 are available on the web at guidestar.org and provides annual updates to supplementary information postings in relation to the 990 form posting.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available upon request with a three day advance notice.”

Filing and Contact Details

Filer

Filer Name
Anchorage Economic Development
EIN
92-0123006
Phone
9072583700
Address
510 L STREET NO 603, ANCHORAGE, AK 99501

Signing Officer

Name
William R Popp
Title
President/CEO
Phone
9072583700
Signed
2019-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William R Popp
Formed
1987
Legal Domicile
Ak
Voting Board Members
15
Independent Board Members
15
Employees
11
Volunteers
15

Preparer

Firm
Thomas Head & Greisen Pc
Address
1400 WEST BENSON BLVD 400, ANCHORAGE, AK 99503-3683
Preparer
Cindy Hulquist CPA
Phone
9072721571
Supplemental Narrative

Financial Statement Notes

PART III, LINE 4:

“A selection of artwork that is used to decorate the aedc offices and present a more professional and businesslike environment.”

Raw XML AppendixShowing 400 of 475 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0AEDC'S VISION AND THE BASIS OF OUR LIVE WORK PLAY (LWP) INITIATIVE IS TO MAKE ANCHORAGE THE #1 CITY IN AMERICA BY 2025 THROUGH THIS PROCESS, WE WILL IMPROVE OUR COMMUNITY AND MAKE ANCHORAGE A MORE COMPETITIVE CITY THAT ATTRACTS AND RETAINS A TALENTED WORKFORCE, A CRITICAL NEED IF WE ARE TO DRAW NEW BUSINESS INVESTMENT TO ANCHORAGE IN THE COMING YEARS. THIS VISION IS SUPPORTED BY OUR MORE THAN 250 INVESTOR COMPANIES, AS WELL AS THE MORE THAN 200 VOLUNTEERS AND 158 PARTNER ORGANIZATIONS COLLABORATING THROUGH LWP TO MAKE OUR CITY THE BEST IT CAN BE.
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IRS990/Desc0IN 2018, THE LIVE WORK PLAY (LWP) COMMUNITY SAFETY AREA OF FOCUS COMPLETED A POINT IN TIME COUNT OF PANHANDLERS AT VARIOUS LOCATIONS THROUGHOUT THE CITY WHICH LED TO THE LAUNCH OF OUR "ANCHORAGE CARES" CAMPAIGN TO DIVERT MONEY AWAY FROM PANHANDLERS AND TOWARD DESIGNATED HOMELESS SERVICE ORGANIZATIONS. THE WEBSITE IS WWW.ANCHORAGECARES.ORG.AEDC AND THE LWP HOUSING AREA OF FOCUS SURVEYED RESIDENTS TO DETERMINE THE CURRENT STATE OF HOUSING IN ANCHORAGE AND HOW IT HAS CHANGED SINCE THE 2014 HOUSING SURVEY. THE ANCHORAGE HOUSING SURVEY REPORT REVEALS RESIDENT CONCERNS AND PREFERENCES, WITH THE GOAL OF PROVIDING NEEDED INSIGHTS FOR POLICYMAKERS, INVESTORS, AND DEVELOPERS FOR INCREASING ACCESS AND AFFORDABILITY. THE SURVEY REPRESENTED OVER 1,000 MILLENNIALS LIVING IN ANCHORAGE AND ASKED QUESTIONS ABOUT HOUSING TYPE, LOCATION, AND PRICE PREFERENCES. YOU CAN FIND THE REPORT ON OUR WEBSITE AT WWW.AEDCWEB.COM. THE LWP HOUSING GROUP ALSO COMPLETED A SUCCESSFUL FIRST FRIDAY EVENT THAT KICKED OFF A LOCAL COMPETITION CALLED "COMPACT" TO DESIGN A WORKFORCE AFFORDABLE HOUSING UNIT IN THE FAIRVIEW NEIGHBORHOOD. EACH TEAM HAD TO CONSULT WITH A FAIRVIEW RESIDENT TO ENSURE THE DESIGNS WOULD FIT THE CHARACTER OF THE NEIGHBORHOOD AND THE NEEDS OF POTENTIAL RESIDENTS. THE LWP HOUSING GROUP ALSO PLAYED AN INTEGRAL ROLE IN GETTING AN ACCESSORY DWELLING UNIT ORDINANCE PASSED AT THE MUNICIPAL LEVEL TO FURTHER EXPAND HOUSING OPTIONS WITHIN THE MUNICIPALITY OF ANCHORAGE. THE LWP CREATIVE PLACEMAKING WORKING GROUP CONTINUES TO WORK TOWARD DEVELOPING A PRIVATE LOCAL ARTS COUNCIL IN ANCHORAGE. THE TRAILS AREA OF FOCUS TARGETING FUNDRAISING EFFORTS TO ALLOW THE ANCHORAGE PARKS FOUNDATION TO INSTALL SAFETY BEACONS, MILE MARKERS AND WAYFINDING SIGNAGE ALONG ANCHORAGE'S TRAIL SYSTEMS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER, RESIGNED
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER, RESIGNED
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT/CEO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01987
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt011178
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IRS990/GrantsToOrganizationsInd00
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndoorTanningServicesInd00
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IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0AEDC EXISTS TO GROW AND DIVERSIFY THE ANCHORAGE ECONOMY, PROMOTE A FAVORABLE BUSINESS CLIMATE AND TO MAKE ANCHORAGE THE #1 PLACE TO LIVE, WORK AND PLAY BY 2025.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt049430
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0133798
IRS990/OfficeExpensesGrp/TotalAmt056581
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
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IRS990/OtherAssetsTotalGrp/EOYAmt013553
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt067118
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt043335
IRS990/OtherExpensesGrp/TotalAmt125050
IRS990/OtherExpensesGrp/TotalAmt25665
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01187
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01187
IRS990/OtherRevenueTotalAmt01187
IRS990/OtherSalariesAndWagesGrp/TotalAmt0478441
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt049444
IRS990/PensionPlanContributionsGrp/TotalAmt012616
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt036091
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021858
IRS990/PrincipalOfficerNm0WILLIAM R POPP
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0139775
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0139775
IRS990/ProgSrvcAccomActy2Grp/Desc0IN 2018, AEDC FOCUSED ITS BUSINESS AND ECONOMIC DEVELOPMENT EFFORTS ON CONTINUED RESEARCH INTO LABOR DATA, COST OF LIVING INDEX, CONSUMER OPTIMISM INDEX, BUSINESS CONFIDENCE INDEX, 1-YEAR FORECAST, AND 3-YEAR OUTLOOK REPORTS. IN ADDITION, AEDC ASSISTED OVER 150 BUSINESSES, AND 3 FOREIGN TRADE DELEGATIONS FROM CHINA. AEDC ASSISTED IN ROUNDTABLE MEETINGS TO FACILITATE THE SALE OF ML&P TO CHUGACH ELECTRIC, AND COMPLETED AN AIR AND SURFACE FREIGHT COST ANALYSIS FOR THE ANCHORAGE INTERNATIONAL AIRPORT. AEDC PRESIDENT BILL POPP JOINED MORE THAN TWO DOZEN ALASKA COMPANIES FOR OPPORTUNITY ALASKA: CHINA TRADE MISSION. CHINA IS ALASKA'S LARGEST TRADING PARTNER AND THE TRIP, ORGANIZED BY THE STATE OF ALASKA, CONNECTED ALASKA BUSINESSES WITH INDUSTRY LEADERS, POTENTIAL CUSTOMERS, KEY DECISION MAKERS AND GOVERNMENT OFFICIALS.AS PART OF THE MANUFACTURING EXTENSION PARTNERSHIP (MEP), AEDC ASSISTED A GROUP OF RESEARCHERS FROM UAF AND THE SOUTHWEST ALASKA MUNICIPAL CONFERENCE TO BETTER UNDERSTAND THE DEMAND FOR SHARED MANUFACTURING SPACE IN ANCHORAGE. THE OUTCOME OF THE STUDY IDENTIFIED A GROWING NEED FOR AFFORDABLE SHARED WORKSHOP SPACE AND MORE OPPORTUNITIES FOR IDEA-SHARING FOR MANUFACTURING STARTUPS. ADDITIONALLY, AEDC CREATED THREE SHORT FILMS TO MARKET ALASKA'S MANUFACTURING INDUSTRY BY FEATURING K2 DRONOTICS, TRIJET, AND BAMBINOS BABY FOOD.AEDC SENT A SERIES OF ELECTRONIC NEWSLETTERS TARGETED TO SITE SELECTORS AND DEVELOPERS ACROSS THE U.S., FEATURING ANCHORAGE-CENTERED OPPORTUNITIES - FROM HOUSING, OIL AND GAS, LNG, LOGISTICS, AND MORE.WRITING AND RESEARCH EFFORTS FOR THE CITY'S COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY (CED) WRAPPED UP IN EARLY 2018, AND THE PLAN WAS OFFICIALLY ADOPTED IN SEPTEMBER OF 2018 THROUGH A UNANIMOUS VOTE BY THE ANCHORAGE ASSEMBLY.
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYOtherRevenueAmt00
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IRS990/PYSalariesCompEmpBnftPaidAmt0835074
IRS990/PYTotalExpensesAmt01553215
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01555288
IRS990/ReconcilationRevenueExpnssAmt0-60870
IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0178928
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0104433
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/AssetsIncludedAmt010942
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt05975
IRS990ScheduleD/EquipmentGrp/DepreciationAmt099026
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0105001
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010942
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010942
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0A SELECTION OF ARTWORK THAT IS USED TO DECORATE THE AEDC OFFICES AND PRESENT A MORE PROFESSIONAL AND BUSINESSLIKE ENVIRONMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016917
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt04599
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt09019
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM POPP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0171454
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
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IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt15
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt26
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt31
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0AIRLINE TICKET VOUCHERS & LODGING
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1GIFT CERTIFICATES
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2FOOD AND BEVERAGE
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc3SUPPLIES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt3FMV
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IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt114217
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt26284
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt31290
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS OF 2009, AEDC HAS IMPLEMENTED, BY INCLUSION TO THE AEDC BYLAWS, A POLICY THAT MEMBERS OF THE BOARD ADHERE TO FINANCIAL CONFLICT OF INTEREST DISCLOSURE REQUIREMENTS, AND SUBMIT APPLICABLE DISCLOSURES ON AN ANNUAL BASIS. MEMBERS OF THE BOARD OF DIRECTORS WILL BE EXPECTED TO REVIEW A LIST OF VENDORS FOR WHICH AEDC PLANS TO SPEND IN EXCESS OF $10,000 IN THE COMING FISCAL YEAR AND SUBSEQUENTLY FILL OUT A DISCLOSURES QUESTIONNAIRE IDENTIFYING ANY POTENTIAL CONFLICTS OF INTEREST OF A FINANCIAL NATURE IN REGARDS TO COMPANIES WHICH THEY OR THEIR IMMEDIATE FAMILY MEMBERS MIGHT HAVE A BUSINESS RELATIONSHIP. BOARD MEMBERS WITH IDENTIFIED CONFLICTS REGARDING A SPECIFIC ITEM ON THE BUDGET SPENDING WILL BE EXPECTED TO ABSTAIN FROM VOTING ON THE APPROVAL OF THE BUDGET SPENDING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE PRESIDENT/CEO OF AEDC IS SET BY THE COLLABORATIVE EFFORTS OF THE OFFICERS OF THE CORPORATION, BASED ON COMPARISONS OF SIMILAR ORGANIZATIONS AND CONSIDERATION OF SKILL SET AND EXPERIENCE. INCREASES IN COMPENSATION ARE DIRECTLY CORRELATED TO AN ANNUAL REVIEW PROCESS, TAKING INTO ACCOUNT PERFORMANCE FACTORS FOR THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AEDC PROVIDES COPIES OF THE IRS FORM 990, OR ANY OTHER APPLICABLE GOVERNING DOCUMENTS, TO ANY INTERESTED PARTIES UPON REQUEST OR BY INSPECTION OF IN-HOUSE COPIES AT OUR OFFICES. AEDC IS ALSO AWARE THAT DIGITAL COPIES OF THE IRS FORM 990 ARE AVAILABLE ON THE WEB AT GUIDESTAR.ORG AND PROVIDES ANNUAL UPDATES TO SUPPLEMENTARY INFORMATION POSTINGS IN RELATION TO THE 990 FORM POSTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST WITH A THREE DAY ADVANCE NOTICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0396265

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$307,932
Liabilities
$183,951
Net assets
$123,981
Revenue
$1,322,591
Expenses
$1,383,461
Net income
-$60,870
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.79$0.56$0.23$0.33$0.96$0.64
2023Detailed filing. Detailed filing data is available for this year.$1.52$0.63$0.89$1.86$1.07$0.79
2022Detailed filing. Detailed filing data is available for this year.$0.84$0.72$0.13$1.54$1.54$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.05$0.93$0.12$1.15$1.15$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.97$0.85$0.12$1.12$1.09$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.26$0.18$0.08$1.09$1.13$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.31$0.18$0.12$1.32$1.38$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.40$0.21$0.18$1.56$1.55$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.44$0.26$0.18$1.60$1.68$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.58$0.32$0.26$1.60$1.64$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.49$0.19$0.30$2.37$2.32$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.50$0.25$0.25$2.41$2.49$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.14$0.33$1.54
2011Summary only. Only limited summary data is available for this year.$0.55$0.25$0.29$1.11$1.11$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.16$0.29$2.11