Form 990 for tax year 2023
Filed by ALASKA DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $115,377
- Total expenses
- $91,429
- Contributions and grants received
- $99,771
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $15,606
- Other revenue
- $0
- Total assets, end of year
- $349,318
- Total liabilities, end of year
- $3,338
- Net assets or fund balances, end of year
- $345,980
- Program services expenses (Part IX)
- $91,240
- Management and general expenses
- $189
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $91,240
Program services were 99.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$6,150
-
1f · All other contributions, gifts and grants
$93,621
-
3 · Investment income
total $15,606 · excluded $15,606
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $50,000 · program services $50,000
-
13 · Office expenses
total $189 · management and general $189
-
24a · Other expenses: AWARDS
total $38,010 · program services $38,010
-
24b · Other expenses: EVENTS
total $3,230 · program services $3,230
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $32,422 · end of year $38,288
-
2 · Savings and temporary cash investments
beginning of year $291,174 · end of year $306,757
-
4 · Accounts receivable
end of year $2,500
-
9 · Prepaid expenses and deferred charges
beginning of year $1,773 · end of year $1,773
-
17 · Accounts payable and accrued expenses
beginning of year $3,337 · end of year $3,338
-
27 · Net assets without donor restrictions
beginning of year $322,032 · end of year $345,980
Mission and programs · 2023
Mission
PROMOTE SOUND AND SUSTAINABLE ECONOMIC GROWTH AND DIVERSIFICATION WITHIN THE STATE OF ALASKA BY PROVIDING INFORMATION, EDUCATION, AND PROGRAMS OF ASSISTANCE FOR BUSINESSES, AGENCIES, LAW MAKERS, AND THE PUBLIC; AND ANY AND ALL TYPES OF ACTIVITIES NOT PROHIBITED BY LAWS WHICH SHALL PROMOTE AND FOSTER ECONOMIC GROWTH.
-
ADC SUPPORTS INITIATIVES THAT SUPPORT JUNEAU AS A GREAT CITY PROGRAM.
Expenses $91,240
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Garrett SchoenbergerGARRETT SCHOENBERGER
CHAIR
- Total calculated
- $0
-
Aparna Dileep-Nageswaran PalmerAPARNA DILEEP-NAGESWARAN PALMER
VICE-CHAIR
- Total calculated
- $0
-
Melissa KookeshMELISSA KOOKESH
SECRETARY
- Total calculated
- $0
-
Trenton EnglishTRENTON ENGLISH
DIRECTOR
- Total calculated
- $0
-
Brian KleinhenzBRIAN KLEINHENZ
DIRECTOR
- Total calculated
- $0
-
Alexander KotlarovALEXANDER KOTLAROV
DIRECTOR
- Total calculated
- $0
-
Todd SchurTODD SCHUR
DIRECTOR
- Total calculated
- $0
-
Jill WeitzJILL WEITZ
DIRECTOR
- Total calculated
- $0
-
Beth WeldonBETH WELDON
DIRECTOR
- Total calculated
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501359349317630
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