Overview

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Est.

1987

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Anchorage Economic Development Corporation (EIN: 92-0123006) is a nonprofit organization dedicated to enhancing economic development in Anchorage, Alaska. With a mission to make Anchorage the #1 city in America by 2025, the organization focuses on attracting and retaining a talented workforce through its Live Work Play initiative, supported by over 250 investor companies and 158 partner organizations. For the fiscal year 2024, AEDC operates with a budget of $962.4K and total revenue of $325.4K, with no single funder contributing 50% or more of its revenue. More information can be found on their website at http://aedcweb.com.

Mission Statement

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.
Revenues
$325.4K
Expenses
$963.5K
Net Income:
-$638.1K
Assets
$785.8K
Liabilities
$558K
Net Assets:
+$227.8K
Operating Budget
$962.4K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$21.7K
Largest grant received
$21.7K
J
Jenna Wright
Board Member
W
Walter Featherly
Board Member
T
Tim Thompson
Board Member

Frequently Asked Questions

What is ANCHORAGE ECONOMIC DEVELOPMENT CORPORATION’s budget?
In 2024, ANCHORAGE ECONOMIC DEVELOPMENT CORPORATION reported an annual operating budget of around $962 thousand. More detailed financial information is available to registered users.
What causes does ANCHORAGE ECONOMIC DEVELOPMENT CORPORATION support?
ANCHORAGE ECONOMIC DEVELOPMENT CORPORATION supports work in Economic development.
Where does ANCHORAGE ECONOMIC DEVELOPMENT CORPORATION operate?
ANCHORAGE ECONOMIC DEVELOPMENT CORPORATION is headquartered in Anchorage, AK.
Who funded ANCHORAGE ECONOMIC DEVELOPMENT CORPORATION recently?
In 2019, ANCHORAGE ECONOMIC DEVELOPMENT CORPORATION received grants from Southwest Alaska Municipal Conference and PROVIDENCE HEALTH & SERVICES - WASHINGTON. More information on this organization’s funders is available to registered users.
What is the largest grant ANCHORAGE ECONOMIC DEVELOPMENT CORPORATION received in 2019?
The largest grant to ANCHORAGE ECONOMIC DEVELOPMENT CORPORATION in 2019 exceeds $22 thousand.
What is ANCHORAGE ECONOMIC DEVELOPMENT CORPORATION’s reliance on government grants?
ANCHORAGE ECONOMIC DEVELOPMENT CORPORATION relied on government grants for more than 75% of their total revenue in 2024.