Anchorage Economic Development Corporation
Nonprofit profile at a glance
- EIN
- 920123006
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Anchorage, AK, USA
- Phone
- (907) 258-3700
- Rating confidence
- Limited
Reported finances
- Revenue
- $325,386
- Expenses
- $963,516
- Assets
- $785,755
- Liabilities
- $557,959
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- JENNA WRIGHT (PRESIDENT/CEO)
Highest reported compensation
- JENNA WRIGHT (PRESIDENT/CEO): $176,239 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To be the catalyst to help Anchorage’s economy prosper and grow.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 75
- Accountability: 90
- Sustainability: 14
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -196.1%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0.82; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.71; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 18.3%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -4.1% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: 6.9% per year; rating input score 100; 55th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 14 of 14 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $176K · 15 people listed · 3 of 6 pay-setting controls reported
- Consistency: 14 of 15 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 1/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- High — Sustainability: Officer compensation ratio scored 21/100.