Form 990 for tax year 2023

Filed by JUNEAU ECONOMIC DEVELOPMENT COUNCIL.

Totals

Total revenue: $13,371,308
Total expenses: $13,553,243
Contributions and grants received: $12,705,260
Grants paid: $0
Program service revenue: $374,881
Investment income: $254,731
Other revenue: $36,436
Total assets, end of year: $7,892,176
Total liabilities, end of year: $2,706,818
Net assets or fund balances, end of year: $5,185,358
Program services expenses (Part IX): $13,096,015
Management and general expenses: $457,228
Fundraising expenses: $0
Program service expenses (Part III): $13,096,015

Program services were 96.6% 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)

$12,257,837
1f · All other contributions, gifts and grants

$447,423
2a · Program service revenue: FEE INCOME

total $262,745 · related or exempt $262,745
2b · Program service revenue: CONTRACT INCOME

total $106,900 · related or exempt $106,900
2c · Program service revenue: OTHER

total $5,236 · related or exempt $5,236
3 · Investment income

total $254,731 · excluded $254,731
6a · Gross rents

real property $37,293
6b · Less rental expenses

real property $37,928
6c · Rental income or loss

real property -$635
6d · Net rental income or loss

total -$635 · unrelated business -$635
8a · Fundraising events: gross income

$42,201
8b · Fundraising events: direct expenses

$5,130
8c · Net income from fundraising events

total $37,071

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $1,305,337 · program services $1,159,418 · management and general $145,919
8 · Pension plan contributions

total $99,212 · program services $89,591 · management and general $9,621
9 · Other employee benefits

total $176,491 · program services $157,937 · management and general $18,554
10 · Payroll taxes

total $107,319 · program services $95,131 · management and general $12,188
11c · Fees: accounting

total $83,555 · program services $5,403 · management and general $78,152
11f · Fees: investment management

total $34,105 · management and general $34,105
11g · Fees: other

total $37,819 · program services $24,951 · management and general $12,868
12 · Advertising and promotion

total $29,583 · program services $25,186 · management and general $4,397
13 · Office expenses

total $156,686 · program services $104,460 · management and general $52,226
16 · Occupancy

total $47,956 · program services $14,816 · management and general $33,140
17 · Travel

total $50,450 · program services $42,234 · management and general $8,216
20 · Interest

total $12,937 · program services $1,106 · management and general $11,831
22 · Depreciation, depletion and amortization

total $8,559 · management and general $8,559
23 · Insurance

total $50,743 · program services $29,377 · management and general $21,366
24a · Other expenses: AID TO BUSINESSES

total $11,142,833 · program services $11,142,833
24b · Other expenses: PROGRAM EXPENSE

total $209,658 · program services $203,572 · management and general $6,086

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,279,465 · end of year $1,768,547
2 · Savings and temporary cash investments

beginning of year $143,760 · end of year $55,158
4 · Accounts receivable

beginning of year $147,714 · end of year $422,514
7 · Other notes and loans receivable

beginning of year $716,529 · end of year $953,237
9 · Prepaid expenses and deferred charges

beginning of year $20,830 · end of year $10,806
10a · Land, buildings and equipment: cost or other basis

$1,150,435
10b · Land, buildings and equipment: accumulated depreciation

$78,656
10c · Land, buildings and equipment, net

beginning of year $1,087,843 · end of year $1,071,779
11 · Investments: publicly traded securities

beginning of year $3,932,722 · end of year $3,574,745
13 · Investments: program-related

beginning of year $46,500 · end of year $28,250
15 · Other assets

beginning of year $7,140 · end of year $7,140
17 · Accounts payable and accrued expenses

beginning of year $153,631 · end of year $183,134
18 · Grants payable

beginning of year $1,253,490 · end of year $66,744
19 · Deferred revenue

beginning of year $1,185,367 · end of year $1,680,115
23 · Secured mortgages and notes payable

beginning of year $641,549 · end of year $569,255
24 · Unsecured notes and loans payable

beginning of year $126,065 · end of year $84,052
25 · Other liabilities

beginning of year $128,186 · end of year $123,518
27 · Net assets without donor restrictions

beginning of year $4,894,215 · end of year $5,185,358

Mission and programs · 2023

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN SOUTHEAST ALASKA

SUPPORT FOR JUNEAU AS A GREAT CITY INCLUDES THE CHOOSE JUNEAU CAMPAIGN WHICH PROVIDES LOCAL COMMUNITY, ECONOMIC, CULTURAL AND OTHER INFORMATION USEFUL FOR EMPLOYEE RECRUITMENT AND FOR OTHERS MOVING TO JUNEAU. THIS PROGRAM PROVIDES ADMINISTRATIVE AND FINANCIAL MANAGEMENT SUPPORT FOR THE JUNEAU DOWNTOWN BUSINESS ASSOCIATION.

Expenses $242,513 · Revenue $186,231
DEVELOPING REGIONAL INDUSTRIES INCLUDES IMPLEMENTATION OF LOCAL AND REGIONAL INDUSTRY CLUSTER BASED INITIATIVES THAT ENHANCE THE COMPETITIVENESS OF AND DEVELOP OPPORTUNITIES FOR GROWTH WITHIN THE FOLLOWING MATURE AND EMERGING INDUSTRY SECTORS: VISITOR PRODUCTS; OCEAN PRODUCTS; RENEWABLE ENERGY; RESEARCH & DEVELOPMENT; MINING SUPPLY; MARITIME; AND THE ARTS. EACH CLUSTER HAS DEVELOPED A SET OF INITIATIVES WHICH RANGE FROM PUBLIC POLICY DEVELOPMENT TO ENTREPRENEURIAL SUPPORT TO COMMUNITY EVENTS SUCH AS THE JUNEAU MARITIME FESTIVAL AND DEMONSTRATION PROJECT SUCH AS INSTALLATION OF ELECTRIC VEHICLE CHARGING STATIONS.

Expenses $543,575 · Revenue $50,671
TALENT (WORKFORCE DEVELOPMENT) IS FOCUSED ON K-12 EDUCATION PROGRAMMING, PRIMARILY FOCUSED ON EXTRACURRICULAR STEM ENRICHMENT PROGRAMMING INCLUDING THE FIRST ROBOTICS COMPETITION, SUMMER SCIENCE CAMP, AFTERSCHOOL STEM HANDS-ON WORKSHOPS AND ACTIVITIES, TEACHER PROFESSIONAL DEVELOPMENT FOCUSED ON ENGINEERING CURRICULUM BUT ALSO THROUGH FACILITATION OF SCHOOL BASED JUNIOR ACHIEVEMENT PROGRAMS

Expenses $846,960 · Revenue $87,358
OTHER PROGRAMS INCLUDE SUPPORT FOR SMALL BUSINESS AND ENTREPRENEURSHIP AND DELIVERY OF CORE ECONOMIC DEVELOPMENT. IN ADDITION, THE JEDC, EVALUATED APPLICANTS AND DISBURSED FUNDS TO QUALIFIED BUSINESSES FOR THE STATE OF ALASKA ARPA FUNDS.

Expenses $11,462,967 · Revenue $50,621

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

GARRETT SCHOENBERGER

CHAIR

Total calculated

$0
APARNA DILEEP-NAGESWARAN PALMER

VICE CHAIR

Total calculated

$0
MELISSA KOOKESH

SECRETARY

Total calculated

$0
AARON MORRISON

TREASURER

Total calculated

$0
TRENTON ENGLISH

DIRECTOR

Total calculated

$0
MARC GUEVARRA

DIRECTOR

Total calculated

$0
BRIAN KLEINHENZ

DIRECTOR

Total calculated

$0
ALEXANDER KOTLAROV

DIRECTOR

Total calculated

$0
TODD SCHUR

DIRECTOR

Total calculated

$0
JILL WEITZ

DIRECTOR

Total calculated

$0
BETH WELDON

DIRECTOR

Total calculated

$0
BRIAN HOLST

EXECUTIVE DI

Total calculated

$185,254

From this org

$185,254

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$185,254

Bonus

not reported

Other

not reported

Deferred

not reported

Nontaxable benefits

not reported

Filer's total

$185,254

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 14 May 2025
IRS schema version: 2023v6.0
Source object: 202501359349317190

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