2024-11-12T09:27:48-06:00 2023-12-31 920043874 THOMAS HEAD & GREISEN PC 1400 WEST BENSON BLVD 400 ANCHORAGE AK 995033683 990 2023-01-01 920123006 ANCHORAGE ECONOMIC DEVELOPMENT CORPORATION ANCH 9072583700 510 L STREET 603 ANCHORAGE AK 99501 JENNA WRIGHT PRESIDENT/CEO 9072583700 2024-11-08 1 0 X CINDY L HULQUIST CPA P00166182 9072721571 2024-11-08 2023 2024-10-15 13:58:12Z JENNA WRIGHT 510 L STREET 603 ANCHORAGE AK 99501 1984154 0 X HTTP://AEDCWEB.COM X 1987 AK AEDC'S VISION AND THE BASIS OF OUR LIVE WORK PLAY (LWP) INITIATIVE IS TO MAKE ANCHORAGE THE #1 CITY IN AMERICA BY 2030 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. 15 15 6 20 0 0 1415526 1811573 127190 35000 217 40 0 15389 1542933 1862002 2850 3377 0 0 511584 544884 0 0 0 1024209 524942 1538643 1073203 4290 788799 842663 1521566 717536 634140 125127 887426 X AEDC EXISTS TO GROW A PROSPEROUS, SUSTAINABLE AND DIVERSE ANCHORAGE ECONOMY AND HAS A VISION FOR ANCHORAGE TO BE THE #1 MIDSIZE CITY IN AMERICA TO LIVE, WORK, AND PLAY. 0 0 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. 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 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 0 1 0 1 0 0 1 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 7 0 1 6 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X THE FORAKER GROUP 9077431200 161 KLEVIN STREET SUITE 101 ANCHORAGE AK 99508 LAURA EDMONDSON CHAIR 10.00 X X 0 0 0 RYAN STRONG VICE CHAIR 5.00 X X 0 0 0 MARK FILIPENKO SECRETARY/TREASURER 5.00 X X 0 0 0 STEVE NOBLE PAST CHAIR 2.00 X 0 0 0 DAVE CAVITT AT-LARGE 2.00 X 0 0 0 DAVID KARP DIRECTOR 2.00 X 0 0 0 WILLIAM WAILAND DIRECTOR 0.50 X 0 0 0 MICHELLE KLOUDA DIRECTOR 2.00 X 0 0 0 MIKE HUSTON DIRECTOR 2.00 X 0 0 0 FLORIAN BOROWSKI DIRECTOR 2.00 X 0 0 0 WALTER FEATHERLY DIRECTOR 2.00 X 0 0 0 TIM THOMPSON DIRECTOR 3.00 X 0 0 0 MATT CLARKSON DIRECTOR 2.00 X 0 0 0 JENNIFER OPSUT DIRECTOR 2.00 X 0 0 0 JOE KOTARSKI DIRECTOR 2.00 X 0 0 0 PAULA WILLMAN DIRECTOR, RESIGNED MAY 2.00 X 0 0 0 WILLIAM POPP PRESIDENT/CEO, RESIGNED SEPTEMBER 50.00 X 215663 0 5543 JENNA WRIGHT PRESIDENT/CEO 40.00 X 133277 0 13822 348940 0 19365 2 0 1 0 DENA'INA CENTER 600 W 7TH AVE ANCHORAGE AK 99501 VENUE RENTALS 110728 1 311500 333773 354000 812300 812300 1811573 PROGRAM REVENUE 900099 35000 35000 35000 240 240 200 -200 -200 -200 135821 333773 121952 13869 13869 MISCELLANEOUS INCOME 900099 1520 1520 1520 1862002 36320 0 14109 X 3377 368305 119694 1934 20264 34687 10650 35242 231633 7894 55196 19727 96924 10725 8178 5630 4655 DUES & SUBSCRIPTIONS 37170 MISCELLANEOUS 1318 1073203 227892 322171 52702 0 42710 2500 21195 18490 121037 104526 19523 16511 478641 1161894 842663 1521566 155825 54488 82750 197706 478961 381946 717536 634140 X 125127 107926 779500 125127 887426 842663 1521566 788799 -26500 0 X X 1 X 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 10742 X 0 110295 104526 5769 10742 10742 16511 DEPOSITS FOR EVENTS 6242 SECURITY DEPOSITS LONG TERM 8553 RIGHT OF USE - OPERATING LEASE 359616 RIGHT OF USE - FINANCE LEASE 7983 CRYPTO ASSETS 779500 1161894 RIGHT OF USE - OPERATING LEASE 374155 RIGHT OF USE - FINANCE LEASE 7791 381946 PART III, LINE 4: A SELECTION OF ARTWORK THAT IS USED TO DECORATE THE AEDC OFFICES AND PRESENT A MORE PROFESSIONAL AND BUSINESS-LIKE ENVIRONMENT. LUNCHEON 469594 333773 135821 121952 469594 333773 135821 121952 121952 13869 1 X X X 0 0 0 WILLIAM POPP PRESIDENT/CEO, RESIGNED SEPTEMBER 182142 0 33521 0 0 0 5543 0 0 0 221206 0 0 0 X CRYPTO ASSETS 50000000 806000 FMV X OFFICE AND EVENT SUPPLIES 0 3550 FMV X FOOD/BEVERAGES 0 2750 FMV 0 0 0 PART I, COLUMN (B): 50,000,000 UNITS OF FLYCOIN CRYPTO ASSETS FORM 990, PART VI, SECTION B, LINE 11B STAFF, THE ORGANIZATION'S FORAKER CONSULTANT, AND THE BOARD OF DIRECTORS REVIEW AND APPROVE THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AS OF 2009, AEDC HAS IMPLEMENTED, BY INCLUSION TO THE AEDC BYLAWS, A POLICY THAT MEMBERS OF THE BOARD ADHERE TO FINANCIAL CONFLICT OF INTEREST DISCLOSURE REQUIREMENTS, AND SUBMIT APPLICABLE DISCLOSURES ON AN ANNUAL BASIS. MEMBERS OF THE BOARD OF DIRECTORS WILL BE EXPECTED TO REVIEW A LIST OF VENDORS FOR WHICH AEDC PLANS TO SPEND IN EXCESS OF $10,000 IN THE COMING FISCAL YEAR AND SUBSEQUENTLY FILL OUT A DISCLOSURES QUESTIONNAIRE IDENTIFYING ANY POTENTIAL CONFLICTS OF INTEREST OF A FINANCIAL NATURE IN REGARDS TO COMPANIES WHICH THEY OR THEIR IMMEDIATE FAMILY MEMBERS MIGHT HAVE A BUSINESS RELATIONSHIP. BOARD MEMBERS WITH IDENTIFIED CONFLICTS REGARDING A SPECIFIC ITEM ON THE BUDGET SPENDING WILL BE EXPECTED TO ABSTAIN FROM VOTING ON THE APPROVAL OF THE BUDGET SPENDING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT/CEO OF AEDC IS SET BY THE COLLABORATIVE EFFORTS OF THE OFFICERS OF THE CORPORATION, BASED ON COMPARISONS OF SIMILAR ORGANIZATIONS AND CONSIDERATION OF SKILL SET AND EXPERIENCE. INCREASES IN COMPENSATION ARE DIRECTLY CORRELATED TO AN ANNUAL REVIEW PROCESS, TAKING INTO ACCOUNT PERFORMANCE FACTORS FOR THE PREVIOUS YEAR. FORM 990, PART VI, SECTION C, LINE 18 AEDC PROVIDES COPIES OF THE IRS FORM 990, OR ANY OTHER APPLICABLE GOVERNING DOCUMENTS, TO ANY INTERESTED PARTIES UPON REQUEST OR BY INSPECTION OF IN-HOUSE COPIES AT OUR OFFICES. AEDC IS ALSO AWARE THAT DIGITAL COPIES OF THE IRS FORM 990 ARE AVAILABLE ON THE WEB AT GUIDESTAR.ORG AND PROVIDES ANNUAL UPDATES TO SUPPLEMENTARY INFORMATION POSTINGS IN RELATION TO THE 990 FORM POSTING. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST WITH A THREE-DAY ADVANCE NOTICE. FORM 990, PART IX, LINE 11G PUBLIC RELATIONS 47,932. RESEARCH & REPORTS 48,467. AUDIO/VISUAL 20,262. CONSULTING SERVICES 114,972. FORM 990, PART 1, LINE 1 PURPOSE TO GROW A PROSPEROUS, SUSTAINABLE & DIVERSE ANCHORAGE ECONOMY. VALUES INTEGRITY: BEING TRANSPARENT AND ETHICAL IN ALL OUR DEALINGS CREDIBILITY: DEMONSTRATING COMPETENCY AND EXPERTISE IN EVERYTHING THAT WE DO PROACTIVE: CREATING OPPORTUNITIES THROUGH INNOVATIVE ACTIONS COLLABORATIVE: LEVERAGING OUR STRENGTHS WITH THE STRENGTHS OF OTHERS SUSTAINABILITY: ASSURING CONTINUANCE OF MISSION VISION BY 2030, ANCHORAGE WILL BE THE #1 MIDSIZE CITY IN AMERICA TO LIVE, WORK, AND PLAY. - WE WILL COLLABORATE WITH STRATEGIC PARTNERS TO ACCOMPLISH OUR VISION AND PRIORITIES - WE WILL SECURE INVESTMENTS IN PHYSICAL INFRASTRUCTURE AND COMMUNITY REDEVELOPMENT - WE WILL BE A STRONG ADVOCATE FOR AFFORDABLE HEALTH CARE, HOUSING, EDUCATION AND COMMUNITY SAFETY, AND ADDRESSING HOMELESSNESS - WE WILL BE AN ADVOCATE FOR WORKFORCE DEVELOPMENT AND SOUND ECONOMIC POLICY - WE WILL DEVELOP, MAINTAIN, AND IMPROVE ANCHORAGE'S QUALITY OF LIFE AND UNIQUE RECREATIONAL AND CREATIVE OPPORTUNITIES - WE WILL ESTABLISH LIVE. WORK. PLAY. AS THE COMMUNITY-WIDE PRIORITY WITH BROAD-BASED SUPPORT FROM THE PUBLIC AND BUSINESS COMMUNITY - WE WILL ESTABLISH AND MAINTAIN A METRIC DASHBOARD THAT RANKS ANCHORAGE AGAINST OTHER MIDSIZE CITIES IN AMERICA.