Juneau Economic Development Council
Nonprofit profile at a glance
- EIN
- 943053042
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Juneau, AK, USA
- Phone
- 9075232322
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $2,502,180
- Expenses
- $2,630,210
- Assets
- $7,674,021
- Liabilities
- $2,659,630
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Highest reported compensation
- Brian Holst (Executive Dir.): $195,843 total reported compensation
- Charla Brown (Dir. of Spec. Proj): $124,652 total reported compensation
- Samuel Muse (Finance Dir.): $73,943 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 promote economic development in southeast Alaska.
What it reported doing in 2024
Developing regional industries includes implementation of local and regional industry cluster based initiatives that enhance the competitiveness of and develop opportunities for growth within the following mature and emerging industry sectors: visitor products; ocean products; renewable energy; research & development; mining supply; maritime; and the arts. Each cluster has developed a set of initiatives which range from public policy development to entrepreneurial support to community events such as the juneau maritime festival and demonstration project such as installation of electric vehicle charging stations.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 94% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 71
- Accountability: 95
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91%; rating input score 91
- Program expense ratio: 77.3%; rating input score 77
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.1%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 2.92; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.35; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 15%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 17.4% per year; rating input score 100; 82nd percentile among comparable filings
- Revenue growth: 12.3% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 12.4% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: 91% of revenue deployed · 77.3% of spending went to programs
- Governance: 11 of 11 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $2M in reported program spending
- Leadership: top reported pay $196K · 14 people listed · 0 of 6 pay-setting controls reported
- Consistency: 36 of 36 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 20/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 19/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.