Cause IQ organization profile

Fairbanks Economic Development Corporation

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

Fairbanks Economic Development Corporation is a urban development organization based in Fairbanks, AK that was founded in 1968. As of 2020 they had $612,504 in revenue and $233,634 in assets.

To assist in creating new jobs and new Economic opportunities for residents of the Fairbanks north star borough and our Economic area. Economic Development.

Fiscal year end:
Revenue trends:
Asset trends:

Program areas at Fairbanks Economic Development Corporation

Energy: the organization is working to address the high cost of energy in our community. The Fairbanks north star borough spends approximately $618 million annually on energy costs, over 2/3 of that cost is space heating (homes and businesses). Fedc is working to promote projects that will satisfy residential, commercial, industrial and military fuel needs and lower the cost of energy for the community.

Technology led Development: the focus of this program is to build a business supportive community and process that supports entrepreneurs with an array of resources and services in order to increase the success of start-up companies. The fedc projects within this "service" area all serve to diversity the Fairbanks economy by increasing support for entrepreneurs and innovators in the fnsb. The projects are also aimed at attracting investment in the fnsb.

Military: the defense industry contributes 30% of 53,000 jobs and 38% of our $2.7 billion dollar payroll. These job and dollars are compensation for soldiers and civilians on base (salaries, wages, allowances, and benefits) as well as local contracts and suppliers, and other local expenditures. The defense industry is the number one driver of jobs and payroll contributor in the interior. The organization's work with federal, state and local leaders; with military installation commanders, area commanders and pentagon commanders serves as a focal point for Fairbanks' interior Alaska. The organization works to facilitate military Economic Development initiatives that would help maintain and enhance the military industry in Alaska.

Form 990s for Fairbanks Economic Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2019-12Sep 2, 2020990View PDF
2018-12Sep 14, 2019990View PDF
2017-12Jul 18, 2018990View PDF
2016-12Aug 11, 2017990OView PDF
2015-12Apr 5, 2016990OView PDF
...and four more Form 990 PDFs

Financials for Fairbanks Economic Development Corporation

Total grants, contributions, etc.$564,450
Program services$47,946
Investment income and dividends$108
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$612,504

Vendors for Fairbanks Economic Development Corporation

VendorServicesAmount paidDate
RJG A Professional CorporationTax accounting2020-03-23
█████████Content management system software2020-03-01
█████████ ████████Software2018-07-25

Personnel at Fairbanks Economic Development Corporation

NameTitleCompensationMost recent data
Jim DodsonPresident and Chief Executive Officer-Sept. 6, 2019
James DodsonExecutive Director$149,040Dec. 31, 2018
████ ██████Chair$0Dec. 31, 2018
████████ ████Vice - Chair$0Dec. 31, 2018
███ ██████Secretary$0Dec. 31, 2018
████ ████Treasurer$0Dec. 31, 2018
████ ██████Past Treasurer$0Dec. 31, 2016

Peer urban development organizations

1Anchorage Economic Development Corporation (AEDC)501(c)(6)$1.3 millionAnchorage, AK
2Cortland County Business Development Corporation501(c)(6)$475,609Cortland, NY
3Minot Area Development Corporation (MADC)501(c)(6)$883,738Minot, ND
4Newton Development Corporation501(c)(6)$194,094Newton, IA
5Rockford Local Development Corporation (RLDC)501(c)(6)$692,407Rockford, IL
6Butte Local Development Corporation501(c)(6)$524,167Butte, MT
7Worthington Regional Economic Development Corporation501(c)(6)$210,728Worthington, MN
8Kosciusko Development501(c)(6)$306,077Warsaw, IN
9Pike County Economic Dev Corporation501(c)(6)$372,814Troy, AL
10Palo Alto County Economic Development Corporation501(c)(6)$196,909Algona, IA
11Cumberland Development Corporation501(c)(6)$165,981Bridgeton, NJ
12Dodge City-Ford County Development Corpo ration501(c)(6)$483,217Dodge City, KS
13Cass-Atlantic Development Corporation501(c)(6)$174,214Atlantic, IA
14Koss Cty Economic Development Corporation (KCEDC)501(c)(6)$267,537Algona, IA
15Develop Tioga501(c)(6)$746,973Wellsboro, PA
16Lenawee Economic Development Corp501(c)(6)$576,893Adrian, MI
17Goshen County Economic Development Corp501(c)(6)$728,217Torrington, WY
18Addison County Economic Development Corporation501(c)(6)$231,337Middlebury, VT
19Shenandoah Economic Development Corporation501(c)(6)$302,750Shenandoah, IA
20Albany-Dougherty Economic Development Commission501(c)(6)$750,908Albany, GA
21Bowling Green Community Development Foundation501(c)(6)$454,478Bowling Green, OH
22Imperial Valley Economic Development Corporation501(c)(6)$516,035El Centro, CA
23Greater Syracuse Business Development Corporation501(c)(6)$275,297Syracuse, NY
24Operation Oswego County501(c)(6)$936,849Oswego, NY
25Economic Development Corporation of Utah (EDCU)501(c)(6)$2.5 millionSalt Lake City, UT