Anchorage Economic Development Corp FY2020 filing

Business league / trade association Anchorage, AK EIN 92-0123006
Revenue
$1.1M
FY2020 · Pt VIII · Ln 12
Expenses
$1.1M
FY2020 · Pt IX · Ln 25
Net assets
$116K
FY2020 · Pt X · Ln 32
To programs
Not filed
Revenue & expenses by yearFY2020–FY2024
Revenue
$1.1M
FY2020
Expenses
$1.1M
FY2020

Improves Anchorage to be America's #1 city by 2030, attracting talent and business.

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Tax-deductible?
No
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Filed FY2024 (typical filing lag)
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Foundation funders?
1 funder — Gillam Foundation
$5K in the latest grant year.
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Spent on programs?
Not on file
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Size and trend
$100K–1M
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Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Improves Anchorage to be America's #1 city by 2030, attracting talent and business.

Type
Business league / trade association · Nonprofit
Location
Anchorage, AK
Website
aedcweb.com
Filings
5 on file (2020–2020)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Where the money goes · FY2020
Where spending went · Part IX cols B–D
Fundraising $0.30
Operating surplus
+3%
revenue over expenses
Earned revenue
0.04%
of revenue from program services & dues
Payroll share
56%
of spending is salaries & benefits

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$968K
FY2020
Total liabilities
$852K
FY2020
Revenue less expensesPt I · Ln 19$32K
Total assetsPt X · Ln 16$968K
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CAnchorage Economic Development Corp
EINHdr · item D92-0123006
Principal addressHdr · item CAnchorage, AK
WebsiteHdr · item Jaedcweb.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAK
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 1989

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/CEO
$167,464Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
William Popp—$215,663$179,504$174,051$167,464
Jenna Wright$161,550$133,277———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2020.
01

Strategic initiatives strategic efforts became secondary as aedc sought to support the economy, businesses, and workers throughout 2020 in response to the COVID-19 pandemic and related shutdowns, layoffs resulting in as many as 21,000 workers out of work in may, lost tourism season, suspension of oil and gas exploration and development…

Pt IX · col B
02

Every year, anchorage downtown partnership (adp) teams up with american express and the downtown business community to create an impactful day for small business saturday. In 2020, aedc partnered with adp and amplified the buy local and shop small campaign, expanding its reach to cover local businesses across anchorage and increasing its…

Pt IX · col B
03

2020 efforts were focused solely on COVID-19 response and mitigation. Aedc formed the economic resiliency task force consisting of leadership from fellow business organizations, businesses, non-profits, and members of the community that reviewed and analyzed issues, impacts, and consequences of the COVID-19 pandemic impacting the…

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants101%$1.1M
Program service revenue$500
Investment income$2K
— government grantsLn 1e$412K
Total revenueLn 12$1.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Fundraising $0.30
Fundraising30%$328K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$235K
Total assetsLn 16$968K
Total liabilitiesLn 26$852K
Total net assetsLn 32$116K
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $235K · Operating expenses (Pt IX) $1.1M · Less non-cash grants $42K · Cash operating expenses/yr $1.1M
2.7 months
Where the money goes
Program services
Program services — · Total expenses $1.1M
—
Management & General
Management & general — · Total expenses $1.1M
—
Fundraising
Fundraising — · Total expenses $1.1M
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.1M · Total revenue $1.1M
101%
Government reliance
Government grants $412K · Total revenue $1.1M
37%
Earned-income share
Program service revenue $500 · Total revenue $1.1M
0.04%
Investment reliance
Investment income $2K · Total revenue $1.1M
+0.2%
Program self-sufficiency
Program service revenue $500 · Total expenses $1.1M
0.05%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $116K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $1.1M
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $968K
—
Net-asset ratio
Net assets $116K · Total assets $968K
12%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $968K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual William Popp · Reported title PRESIDENT/CEO · Highest reported compensation $167K · Total expenses $1.1M
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $617K · Total expenses $1.1M
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Fundraising cost ratio 29%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$5K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$325K revenue · ⤓ 990 PDF
FY2023$1.9M revenue · ⤓ 990 PDF
FY2022$1.5M revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$1.1M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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