Nonprofit · EIN 92-0156518
AKEELA DEVELOPMENT CORPORATION
Tax-exempt · ANCHORAGE, AK 99503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,475,988 | $1,161,771 | $314,217 | $8,689,203 | $8,066,390 | $622,813 |
| June 30, 2024 | 990 | $1,312,451 | $947,765 | $364,686 | $7,984,198 | $7,795,026 | $189,172 |
| June 30, 2023 | 990 | $1,142,723 | $921,505 | $221,218 | $7,791,424 | $7,966,938 | -$175,514 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $50,000
- Program service revenue
- $0
- Investment income
- $426,418
- Net rental income
- $999,570
- Net gain from sales of assets
- $376,368
- Other revenue
- $999,570
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $109,814
- Other salaries and wages
- $106,194
- Salaries, compensation and benefits (total)
- $263,177
- Professional fundraising fees
- $0
- Legal fees
- $850
- Accounting fees
- $1,767
- Occupancy
- $534,205
- Travel
- $1,063
- Depreciation
- $223,133
- Program services (functional)
- $780,140
- Management and general (functional)
- $381,631
Balance sheet and other
- Total assets, start of year
- $7,984,198
- Total assets, end of year
- $8,689,203
- Total liabilities, end of year
- $8,066,390
- Net assets, end of year
- $622,813
- Land, buildings and equipment
- $5,281,535
- Publicly traded securities
- $1,647,314
- Net assets without donor restrictions
- $622,813
- Gross receipts
- $2,328,134
- Employees
- 0
- Volunteers
- 3
- Year formed
- 1995
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jim Sellers | Executive Dir. Officer | 40 | $104,042 |
| Carl Gatter | Chairman Trustee or director, Officer | 0 | $0 |
| Nancy Tieje | Vice Chair Trustee or director, Officer | 0 | $0 |
| Brian Saylor | Sec/Treas Trustee or director, Officer | 0 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jim Sellers | Executive Dir. Officer | 40 | $110,950 |
| Carl Gatter | Chairman Trustee or director, Officer | 0 | $0 |
| Nancy Tieje | Vice Chair Trustee or director, Officer | 0 | $0 |
| Brian Saylor | Sec/Treas Trustee or director, Officer | 0 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jim Sellers | Executive Dir. Officer | 40 | $112,730 |
| Carl Gatter | Chairman Trustee or director, Officer | 0 | $0 |
| Nancy Tieje | Vice Chair Trustee or director, Officer | 0 | $0 |
| Brian Saylor | Sec/Treas Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 360 W BENSON BLVD STE 300, ANCHORAGE, AK 99503-3953
- In care of
- % ROBERT P GALEA
- Principal officer (990 for 2024)
- Courtney Donovan
- Signed the 990
- Courtney Donovan, CEO
- Phone
- (907) 565-1200
- Website
- www.akeela.org
- Return prepared by
- ALTMAN ROGERS & CO
Mission
A support organization for Akeela Inc. which holds title to property, collects income and pays expenses related to that property.
Program accomplishments
- The organization is organized for holding property in support of Akeela, Inc. The expenses relate to the property held.Expenses $780,140
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 92-0156518
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1996
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,689,203
- Income (IRS master file)
- $2,328,134
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,475,988 | $1,161,771 | $8,689,203 | IRS |
| 990 | June 2024 | $1,312,451 | $947,765 | $7,984,198 | IRS |
| 990 | June 2023 | $1,142,723 | $921,505 | $7,791,424 | XML |
| 990 | June 2022 | $1,283,082 | $1,146,945 | $7,632,318 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 92-0156518).
Questions about AKEELA DEVELOPMENT CORPORATION
- What is the EIN of AKEELA DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of AKEELA DEVELOPMENT CORPORATION is 92-0156518.
- Is AKEELA DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1996.
- Are donations to AKEELA DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AKEELA DEVELOPMENT CORPORATION 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 AKEELA DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AKEELA DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of AKEELA DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names Courtney Donovan.
- Who are the officers and directors of AKEELA DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 4 people; 1 received compensation from the organization, the highest $104,042 (Jim Sellers, Executive Dir.).
- How much revenue does AKEELA DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,475,988, expenses of $1,161,771 and total assets of $8,689,203 at year end.
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