Anchorage Economic Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 920123006 ✦ Anchorage, AK ✦ Designated as a 501(c)(6)

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Overview

What is Anchorage Economic Development Corporation?

Anchorage Economic Development Corporation (AEDC) is a nonprofit organization based in Anchorage, Alaska, with a mission to foster a prosperous, sustainable, and diverse local economy. Their vision is to position Anchorage as the top midsize city in America for living, working, and playing. In 2022, they focused on completing research for the "Choose Anchorage" plan, conducted through roundtable discussions, stakeholder interviews, and analytical analysis. This plan aimed to increase Anchorage's working-age adult population and overall economy, funded by a United States Economic Development Administration grant. AEDC also engages in standard activities to assist businesses in Anchorage and hosts public events to educate the community on economic matters. The organization has a strong support system, including more than 250 investor companies, over 200 volunteers, and 158 partner organizations collaborating through their Live Work Play (LWP) initiative.


Official website here: www.aedcweb.com

Is Anchorage Economic Development Corporation legitimate?

Anchorage Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Anchorage Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $186,227
Professional Fundraising Fees: $0
Other Salaries and Wages: $265,317

For more financial information, click here


Official website here: www.aedcweb.com

What is the mission statement of Anchorage Economic Development Corporation?

The Anchorage Economic Development Corporation (AEDC) exists with a mission to foster a thriving, sustainable, and diverse economy in its city. Their vision is to position the city as the top midsize city in America for living, working, and playing by 2030. AEDC achieves this mission through collaborative efforts with over 250 investor companies, 200 volunteers, and 158 partner organizations, collectively working towards enhancing the city's competitiveness and attracting a skilled workforce. In 2022, AEDC focused on completing the "Choose Anchorage" plan, a comprehensive research report funded by a United States Economic Development Administration grant. The research centered around workforce and industry cluster analysis, resulting in a plan to increase the city's working-age adult population and overall economy.


Official website here: www.aedcweb.com

Who is the CEO of Anchorage Economic Development Corporation?

William R Popp is the Chair of Anchorage Economic Development Corporation. The CEO's salary of Anchorage Economic Development Corporation is $179,504 and their total compensation is $186,227.


Official website here: www.aedcweb.com

What is the revenue of Anchorage Economic Development Corporation?

Anchorage Economic Development Corporation's revenue in 2022 was $1,542,933.


Official website here: www.aedcweb.com

Who are the executives of Anchorage Economic Development Corporation and what are their salaries?

The average compensation at Anchorage Economic Development Corporation during 2022 was $64,506. There are 7 employees and 50 volunteers at Anchorage Economic Development Corporation.


Here are 16 key members and their salaries (Anchorage Economic Development Corporation's CEO's salary is $179,504 and their total compensation is $186,227):


Steve Noble (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Edmondson (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Strong (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Huston (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Cavitt (At-Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter Featherly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Thompson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Filipenko (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheldon Fisher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Karp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Klouda (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Billy Wailand (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Garret Wong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Clarkson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin Bettis (Director, Resigned)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Popp (President/Ceo)
  • Compensation: $179,504
  • Related: $0
  • Other: $6,723


Official website here: www.aedcweb.com

Where can I find the form 990 for Anchorage Economic Development Corporation?

Anchorage Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.aedcweb.com

Learn more at the official website: www.aedcweb.com

Mission Statement of Anchorage Economic Development Corporation

Anchorage Economic Development Corporation (AEDC) is an organization with a mission to foster a prosperous, sustainable, and diverse economy in Anchorage. Their ultimate goal is to position Anchorage as the number one midsize city in the United States for living, working, and playing by 2030. AEDC achieves this mission by collaborating with over 250 investor companies, 200 volunteers, and 158 partner organizations through their Live Work Play (LWP) initiative. By improving the community and making Anchorage more competitive, AEDC aims to attract and retain a skilled workforce, essential for attracting new business investment to the city in the coming years. In 2022, AEDC focused on completing research for the "Choose Anchorage" plan, a comprehensive report funded by a United States Economic Development Administration grant. This research centered around a workforce and industry cluster analysis, resulting in a research plan and associated action plan focused on increasing Anchorage's working-age adult population and overall economy.

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Impact




October, 2024

The Anchorage Economic Development Corporation (AEDC) plays a crucial role in enhancing the economic landscape of Anchorage, Alaska, with the ambitious vision of making it the #1 city in America by 2030. AEDC's comprehensive "Live Work Play" initiative focuses on attracting and retaining a talented workforce, which is essential for drawing new business investment to the area. With the support of over 250 investor companies and more than 200 volunteers, AEDC collaborates with 158 partner organizations to address the community's needs.

In 2022, AEDC's efforts concentrated on completing the "Choose Anchorage" plan, a significant research initiative funded by a U.S. Economic Development Administration grant. This comprehensive report features a workforce and industry cluster analysis that aims to boost Anchorage's working-age adult population and stimulate overall economic growth. Through roundtable discussions, key stakeholder interviews, and meticulous analytical research, AEDC developed actionable plans aimed at improving the local economy.

Additionally, AEDC actively assists businesses in Anchorage and organizes public events to educate the community on economic matters, further fostering a knowledgeable and engaged populace. By prioritizing workforce development and community engagement, AEDC is not only enhancing the city's economic competitiveness but also laying the foundation for a prosperous, sustainable future for Anchorage.




This information is meant to be a general summary of Anchorage Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,542,933 (2022)
Expenses
$1,538,643 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $217
  • Program Service Revenue: $127,190
  • Gross Receipts: $1,633,705

Assets and Liabilities:

  • Total Assets: $842,663
  • Total Liabilities: $717,536
  • Net Assets: $125,127

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM REVENUE

Revenue

$127,190

Organization Details

Founding Year

1987

Principal Officer

William R Popp

Main Address

510 L STREET 603, ANCHORAGE, AK, 99501

NTEE Category

Code: S31 - Community improvement

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