Nonprofit · EIN 92-0036148
FAIRBANKS ECONOMIC DEVELOPMENT CORPORATION INC
Tax-exempt · FAIRBANKS, AK 99701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $596,414 | $603,751 | -$7,337 | $547,917 | $72,399 | $475,518 |
| December 31, 2023 | 990 | $703,108 | $570,905 | $132,203 | $558,127 | $75,272 | $482,855 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $484,358
- of which government grants
- $427,608
- Program service revenue
- $104,259
- Investment income
- $4,848
- Other revenue
- $2,949
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $133,750
- Other salaries and wages
- $168,890
- Salaries, compensation and benefits (total)
- $353,035
- Professional fundraising fees
- $0
- Legal fees
- $1,245
- Accounting fees
- $14,025
- Occupancy
- $44,733
- Travel
- $6,878
- Depreciation
- $2,237
Balance sheet and other
- Total assets, start of year
- $558,127
- Total assets, end of year
- $547,917
- Total liabilities, end of year
- $72,399
- Net assets, end of year
- $475,518
- Land, buildings and equipment
- $3,310
- Net assets without donor restrictions
- $475,518
- Gross receipts
- $596,414
- Employees
- 4
- Volunteers
- 17
- Year formed
- 1968
- State of legal domicile
- AK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOMO STEWART | CURRENT PRESIDENT/CEO Officer | 40 | $130,365 |
| AMY COOK | SECRETARY Trustee or director, Officer | 2 | $0 |
| JEFF PUTNAM | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| GERI SIMON | VICE-CHAIR Trustee or director, Officer | 2 | $0 |
| DAN WHITE | DIRECTOR Trustee or director | 1 | $0 |
| STEVE LUNDGREN | DIRECTOR Trustee or director | 1 | $0 |
| GRIER HOPKINS | DIRECTOR Trustee or director | 1 | $0 |
| LOU FLORENCE | DIRECTOR Trustee or director | 1 | $0 |
| CRYSTAL TIDWELL | DIRECTOR Trustee or director | 1 | $0 |
| BRUNO GRUNAU | DIRECTOR Trustee or director | 1 | $0 |
| ELENA SUDDUTH | DIRECTOR Trustee or director | 1 | $0 |
| ANGIE TALLANT | TREASURER Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOMO STEWART | CURRENT PRESIDENT/CEO Officer | 40 | $130,396 |
| AMY COOK | SECRETARY Trustee or director, Officer | 2 | $0 |
| BERT BELL | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| GERI SIMON | VICE-CHAIR Trustee or director, Officer | 2 | $0 |
| DAN WHITE | DIRECTOR Trustee or director | 1 | $0 |
| STEVE LUNDGREN | DIRECTOR Trustee or director | 1 | $0 |
| JEFF PUTNAM | TREASURER Trustee or director, Officer | 2 | $0 |
| GRIER HOPKINS | DIRECTOR Trustee or director | 1 | $0 |
| LOU FLORENCE | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
| DAVID HALE | DIRECTOR Trustee or director | 1 | $0 |
| CRYSTAL TIDWELL | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 330 WENDELL AVE STE E, FAIRBANKS, AK 99701-4865
- Principal officer (990 for 2024)
- JOMO STEWART, 330 WENDELL AVE, FAIRBANKS, AK 99701
- Signed the 990
- JOMO STEWART, PRESIDENT AND CEO
- Phone
- (907) 452-2185
- Website
- WWW.INVESTFAIRBANKS.COM
- Return prepared by
- RJG A PROFESSIONAL CORPORATION
Mission
TO ASSIST IN CREATING NEW JOBS AND NEW ECONOMIC OPPORTUNITIES FOR RESIDENTS OF THE FAIRBANKS NORTH STAR BOROUGH AND OUR ECONOMIC AREA.
Program accomplishments
- COMMUNITY ECONOMIC MODELING: UNDERSTANDING WHAT DRIVES OUR ECONOMY AND HOW OUR ECONOMY WORKS HELPS FEDC AND OUR STATE LEADERS MAKE DECISIONS THAT POSITIVELY IMPACT OUR ECONOMY AND CONSEQUENTLY OUR CITIZENS' PERSONAL WELL-BEING.Expenses $39,348
- MILITARY AND ALASKA DEFENSE FORUM: THE FEDC MILITARY PROGRAM SEEKS TO ANCHOR, LEVERAGE AND GROW THE MILITARY INDUSTRY IN INTERIOR ALASKA. THE MILITARY INDUSTRY ACCOUNTS FOR ROUGHLY A THIRD OF THE LOCAL ECONOMY - WHILE ALASKA, AND SPECIFICALLY THE INTERIOR, OFFERS THE UNITED STATES THE MOST STRATEGIC LOCATION ON ITS SOIL FROM WHICH TO PROJECT POWER ACROSS THE NORTHERN HEMISPHERE AND ASIA/PACIFIC RIM. FEDC WORKS BROADLY TO ENGAGE THE MILITARY THROUGH DIRECT CONTACTS AND LOCAL AND NATIONAL ASSOCIATIONS TO ENHANCE ALASKA'S AND THE COMMUNITY'S COMPETITIVE POSITION IN THE NATIONAL MILITARY "MARKETPLACE".Expenses $78,796
- RURAL OUTREACH: FAIRBANKS STRIVES TO BE THE ECONOMIC, RECREATIONAL AND CULTURAL HUB OF INTERIOR AND NORTHERN ALASKA. THE CITY HAS LONG SERVED AS A CONDUIT FOR COMMERCE; TRADE, TRANSPORTATION, AND NATURAL RESOURCE DEVELOPMENT BEING ITS UNDERPINNING. IN ORDER TO DEVELOP RELATIONSHIPS AND BUILD REGIONAL CAPACITY, FEDC WORKS WITH THE FAIRBANKS INTERNATIONAL AIRPORT, FAIRBANKS NORTH STAR BOROUGH, GREATER FAIRBANKS CHAMBER OF COMMERCE, TANANAN CHIEFS CONFERENCE, LEADERS OF INTERIOR COMMUNITIES, AND MORE, TO ADVANCE THE COLLECTIVE NEEDS OF THE REGION BY WORKING ON THE FOLLOWING PROJECTS: REGIONAL MARKETING, ORGANIZATION OF TRADE MISSIONS TO INTERIOR COMMUNITIES, MONITORING BYPASS MAIL LEGISLATION, SUPPORTING TRANSPORTATION ROUTES TO RURAL COMMUNITIES, AND THE STAMP YOUR BUSINESS "CERTIFIED BUSH FRIENDLY" PROJECT.Expenses $6,026
- OTHER PROGRAMS INCLUDE GROW FAIRBANKS, COLD WEATHER TESTING, RURAL OUTREACH, COMMUNITY ECONOMIC MODELING, AND FORESTRY & MINING.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-0036148
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $547,917
- Income (IRS master file)
- $596,414
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $596,414 | $603,751 | $547,917 | XML |
| 990 | December 2023 | $703,108 | $570,905 | $558,127 | XML |
| 990 | December 2022 | $456,985 | $499,232 | $415,997 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 92-0036148).
Questions about FAIRBANKS ECONOMIC DEVELOPMENT CORPORATION INC
- What is the EIN of FAIRBANKS ECONOMIC DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of FAIRBANKS ECONOMIC DEVELOPMENT CORPORATION INC is 92-0036148.
- Is FAIRBANKS ECONOMIC DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1974.
- Are donations to FAIRBANKS ECONOMIC DEVELOPMENT CORPORATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FAIRBANKS ECONOMIC DEVELOPMENT CORPORATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FAIRBANKS ECONOMIC DEVELOPMENT CORPORATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FAIRBANKS ECONOMIC DEVELOPMENT CORPORATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FAIRBANKS ECONOMIC DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 names JOMO STEWART.
- Who are the officers and directors of FAIRBANKS ECONOMIC DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $130,365 (JOMO STEWART, CURRENT PRESIDENT/CEO).
- How much revenue does FAIRBANKS ECONOMIC DEVELOPMENT CORPORATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $596,414, expenses of $603,751 and total assets of $547,917 at year end.
Other nonprofits in FAIRBANKS
- FOUNDATION HEALTH LLC EIN 81-3021580 · last filed 990 for 2024
- GOLDEN VALLEY ELECTRIC ASSN INC EIN 92-0014712 · last filed 990 for 2024
- GREATER FAIRBANKS COMMUNITY HOSPITAL FOUNDATION INC EIN 92-0035784 · last filed 990 for 2024
- FAIRBANKS NATIVE ASSOCIATION EIN 92-0037488 · last filed 990 for 2025
- FAMILY CENTERED SERVICES OF ALASKA EIN 92-0129771 · last filed 990 for 2025
- PRESBYTERIAN HOSPITALITY HOUSE INC EIN 92-0022770 · last filed 990 for 2025
- FAIRBANKS RESOURCE AGENCY INC EIN 92-0035250 · last filed 990 for 2025
- NATIVE MOVEMENT EIN 68-0535413 · last filed 990 for 2025