Civic Intelligence

Anchorage Economic Development Corporation

990 • Fiscal year 2023 • EIN 92-0123006

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 08, 2024

510 L Street 603Anchorage, AK 99501

(907) 258-3700

Siviq Scores

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

Liabilities / Assets

80th percentile

0.42x

Higher debt load relative to assets than 80% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

69th percentile

0.34x

Higher debt load relative to revenue than 69% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

96th percentile

42%

Higher net margin than 96% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

76th percentile

$221,206

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

97th percentile

81%

Faster asset growth than 97% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

74th percentile

21%

Faster revenue growth than 74% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,521,566

Up $678,903 (+81%) from 2022

Net Assets

Up

$887,426

Up $762,299 (+609%) from 2022

Liabilities

Down

$634,140

Down $83,396 (-12%) from 2022

Revenue

Up

$1,862,002

Up $319,069 (+21%) from 2022

Expenses

Down

$1,073,203

Down $465,440 (-30%) from 2022

Net Income

Up

$788,799

Up $784,509 (+18287%) from 2022

Historical Trend

Balance Sheet Trend

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

2023

Assets$1,521,566
Liabilities$634,140
Net Assets$887,426

Operations Trend

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

2023

Revenue$1,862,002
Expenses$1,073,203
Net Income$788,799
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 8, 2024
Return Version
2023v5.1
Gross Receipts
$1,984,154
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 2030 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
Cash and Non-Interest-Bearing Accounts$227,892$322,171▲ $94,279
Pledges and Grants Receivable$52,702$0▼ $52,702
Prepaid Expenses and Deferred Charges$21,195$18,490▼ $2,705
Land, Buildings, and Equipment, Net$19,523$16,511▼ $3,012
Accounts Receivable$42,710$2,500▼ $40,210
Total Assets$842,663$1,521,566▲ $678,903
Other Assets Total$478,641$1,161,894▲ $683,253
Liabilities
Other Liabilities$478,961$381,946▼ $97,015
Deferred Revenue$82,750$197,706▲ $114,956
Accounts Payable and Accrued Expenses$155,825$54,488▼ $101,337
Total Liabilities$717,536$634,140▼ $83,396
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$779,500-
Net Assets Without Donor Restrictions$125,127$107,926▼ $17,201
Total Net Assets Fund Balance$125,127$887,426▲ $762,299
Total Liabilities and Net Assets / Fund Balance$842,663$1,521,566▲ $678,903

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,769$104,526$110,295
Other Land Buildings$10,742-$10,742
Other Assets Org$779,500--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William PoppPresident/CEO, Resigned SeptemberFT$182,142$39,064$221,206
Jenna WrightPresident/CEOFT$133,277$13,822$147,099

Board Members and Trustees

NameTitle
Laura EdmondsonChair
Steve NoblePast Chair
Ryan StrongVice Chair
David KarpDirector
Florian BorowskiDirector
Jennifer OpsutDirector
Joe KotarskiDirector
Matt ClarksonDirector
Michelle KloudaDirector
Mike HustonDirector
Tim ThompsonDirector
Walter FeatherlyDirector
William WailandDirector
Paula WillmanDirector, Resigned May
Dave CavittAt-large
Mark FilipenkoSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Dena'ina CenterVenue Rentals600 W 7TH AVE, Anchorage, AK 99501$110,728
Revenue and Support

Revenue Composition

Contributions and Grants
$1,811,573
Program Service Revenue
$35,000
Investment Income
$40
Other Revenue
$15,389
All Other Contributions
$812,300
Change in Net Assets
$788,799

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 Table50,000,000$806,000Fair Market Value (FMV)
Other Non Cash Contri Table0$3,550Fair Market Value (FMV)
Other Non Cash Contri Table0$2,750Fair Market Value (FMV)
Total Noncash Contributions50,000,000$812,300-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$544,884
Other Expenses$524,942
Grants and Similar Amounts Paid$3,377
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$368,305
Fees for Services Other---$231,633
Other Salaries and Wages---$119,694
Occupancy---$96,924
Office Expenses---$55,196
Fees for Services Accounting---$35,242
Payroll Taxes---$34,687
Other Employee Benefits---$20,264
Information Technology---$19,727
Travel---$10,725
Fees for Services Legal---$10,650
Conferences and Meetings---$8,178
Advertising---$7,894
Depreciation Depletion---$5,630
Insurance---$4,655
Grants to Domestic Orgs---$3,377
Pension Plan Contributions---$1,934
Other Expenses---$1,318
Total Functional Expenses$0$0$0$1,073,203
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$135,821
Fundraising Direct Expenses$121,952
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Luncheon$469,594$135,821-$135,821
Total Events$469,594$135,821$121,952$13,869
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use - Operating Lease$374,155
Right of Use - Finance Lease$7,791
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 35% controlled entity
No
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

Staff, the organization's foraker consultant, and the board of directors review and approve 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 603, ANCHORAGE, AK 99501

Signing Officer

Name
Jenna Wright
Title
President/CEO
Phone
9072583700
Signed
2024-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jenna Wright
Formed
1987
Legal Domicile
Ak
Voting Board Members
15
Independent Board Members
15
Employees
6
Volunteers
20

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

Public relations 47,932. Research & reports 48,467. Audio/visual 20,262. Consulting services 114,972.

Form 990, Part 1, Line 1

Purpose to grow a prosperous, sustainable & diverse anchorage economy. Values integrity: being transparent and ethical in all our dealings credibility: demonstrating competency and expertise in everything that we do proactive: creating opportunities through innovative actions collaborative: leveraging our strengths with the strengths of others sustainability: assuring continuance of mission vision by 2030, anchorage will be the #1 midsize city in america to live, work, and play. - we will collaborate with strategic partners to accomplish our vision and priorities - we will secure investments in physical infrastructure and community redevelopment - we will be a strong advocate for affordable health care, housing, education and community safety, and addressing homelessness - we will be an advocate for workforce development and sound economic policy - we will develop, maintain, and improve anchorage's quality of life and unique recreational and creative opportunities - we will establish live. Work. Play. As the community-wide priority with broad-based support from the public and business community - we will establish and maintain a metric dashboard that ranks anchorage against other midsize cities in america.

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 business-like environment.

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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 2030 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/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16215663
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17133277
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR, RESIGNED MAY
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT/CEO, RESIGNED SEPTEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT/CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0333773
IRS990/FundraisingDirectExpensesAmt0121952
IRS990/FundraisingGrossIncomeAmt0135821
IRS990/GainOrLossGrp/OtherAmt0-200
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt0354000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt03377
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01984154
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt019727
IRS990/InsuranceGrp/TotalAmt04655
IRS990/InvestmentIncomeGrp/ExclusionAmt0240
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0240
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0104526
IRS990/LandBldgEquipBasisNetGrp/BOYAmt019523
IRS990/LandBldgEquipBasisNetGrp/EOYAmt016511
IRS990/LandBldgEquipCostOrOtherBssAmt0121037
IRS990/LegalDomicileStateCd0AK
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0200
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0311500
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0AEDC EXISTS TO GROW A PROSPEROUS, SUSTAINABLE AND DIVERSE ANCHORAGE ECONOMY AND HAS A VISION FOR ANCHORAGE TO BE THE #1 MIDSIZE CITY IN AMERICA TO LIVE, WORK, AND PLAY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0125127
IRS990/NetAssetsOrFundBalancesEOYAmt0887426
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-200
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-200
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt013869
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt013869
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-26500
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0125127
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0107926
IRS990/NoncashContributionsAmt0812300
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt096924
IRS990/OfficeExpensesGrp/TotalAmt055196
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0478641
IRS990/OtherAssetsTotalGrp/EOYAmt01161894
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt020264
IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt037170
IRS990/OtherExpensesGrp/TotalAmt11318
IRS990/OtherLiabilitiesGrp/BOYAmt0478961
IRS990/OtherLiabilitiesGrp/EOYAmt0381946
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01520
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01520
IRS990/OtherRevenueTotalAmt01520
IRS990/OtherSalariesAndWagesGrp/TotalAmt0119694
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt034687
IRS990/PensionPlanContributionsGrp/TotalAmt01934
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt052702
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021195
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018490
IRS990/PrincipalOfficerNm0JENNA WRIGHT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt035000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt035000
IRS990/ProgSrvcAccomActy2Grp/Desc0AEDC HOSTED IN-PERSON EVENTS FOR THE FIRST TIME SINCE THE PANDEMIC, WITH THE LARGEST BEING THE 2023 ECONOMIC FORECAST LUNCHEON AND THE 3-YEAR OUTLOOK LUNCHEON. THE 2023 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: TIP STRATEGIES
IRS990/ProgSrvcAccomActy3Grp/Desc0THE 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: MICK CORNETT
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01415526
IRS990/PYGrantsAndSimilarPaidAmt02850
IRS990/PYInvestmentIncomeAmt0217
IRS990/PYOtherExpensesAmt01024209
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0127190
IRS990/PYRevenuesLessExpensesAmt04290
IRS990/PYSalariesCompEmpBnftPaidAmt0511584
IRS990/PYTotalExpensesAmt01538643
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01542933
IRS990/ReconcilationRevenueExpnssAmt0788799
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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/AssetsIncludedAmt010742
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt05769
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0104526
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0110295
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06242
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt18553
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2359616
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt37983
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4779500
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS FOR EVENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS LONG TERM
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RIGHT OF USE - OPERATING LEASE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RIGHT OF USE - FINANCE LEASE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4CRYPTO ASSETS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010742
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010742
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0374155
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17791
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RIGHT OF USE - OPERATING LEASE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RIGHT OF USE - FINANCE LEASE
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0A SELECTION OF ARTWORK THAT IS USED TO DECORATE THE AEDC OFFICES AND PRESENT A MORE PROFESSIONAL AND BUSINESS-LIKE ENVIRONMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016511
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01161894
IRS990ScheduleD/TotalLiabilityAmt0381946
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0333773
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0333773
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0121952
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0LUNCHEON
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0469594
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0469594
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0135821
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0135821
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt013869
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0121952
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0121952
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0182142
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount033521
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt05543
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00

Document Assets

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Filings

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