EIN 92-0123006

Anchorage Economic Development Corporation (AEDC)

IRS 501(c) type
501(c)(6)
Num. employees
6
State
Year formed
1987
Most recent tax filings
2023-12-01
Description
AEDC is a private non-profit corporation (IRS code 501(c)(6)), operating since 1987. It exists to encourage growth and diversity in the Anchorage economy, promote a favorable business climate and improve the standard of living of Anchorage residents. Funding sources for the corporation are private contributions, municipal and state grants and contracts.The Anchorage Economic Development Corporation (AEDC) focuses on several "target industries" on which to concentrate its ongoing efforts. AEDC's objective is to achieve a diverse economic base in Anchorage that can be sustained over time.
Total revenues
$1,862,002
2023
Total expenses
$1,073,203
2023
Total assets
$1,521,566
2023
Num. employees
6
2023

Program areas at AEDC

2023 efforts were focused on implementing the "choose Anchorage" plan and standard activities of helping businesses in Anchorage as well as hosting public events to educate the community on Economic matters. 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.
The 3-year outlook luncheon discusses the projected trajectory of the local economy based on a review of historical and current data, interviews with representatives of businesses and organizations, and analysis of current events. The outlook considers trends in eight key indicators including population, employment, personal income, air passenger and freight volumes, building permits, port of Alaska tonnage, visitor industry activity and oil prices. Event was held at the dena'ina center in anchorage.keynote presentation: mick cornett
Aedc hosted in-person events for the first time since the pandemic, with the largest being the 2023 Economic forecast luncheon and the 3-year outlook luncheon. The 2023 Economic forecast luncheon in january forecasts the Anchorage economy based on employment, population, and demographic data; provided a snapshot look at the labor force; and offered an update on consumer and business confidence. Event was held at the dena'ina center in anchorage.keynote presentation: tip strategies

Who funds Anchorage Economic Development Corporation (AEDC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Gillam FoundationIrc Sec 501(c)(6) Private Nonprofit$2,500

Financials for AEDC

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,811,573
Program services$35,000
Investment income and dividends$240
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-200
Net income from fundraising events$13,869
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,520
Total revenues$1,862,002
Data update history
March 7, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 22, 2025
Updated personnel
Identified 6 new personnel
January 8, 2025
Used new vendors
Identified 1 new vendor, including
January 3, 2025
Received grants
Identified 1 new grant, including a grant for $2,500 from Gillam Foundation
November 6, 2024
Updated personnel
Identified 2 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
MembershipsFundraising eventsState / local levelReceives government funding
General information
Address
510 L St 603
Anchorage, AK 99501
Metro area
Anchorage, AK
County
Anchorage Municipality, AK
Website URL
aedcweb.com/ 
Phone
(907) 258-3700
Facebook page
AEDCweb 
Twitter profile
@aedc 
IRS details
EIN
92-0123006
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1987
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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