NonprofitsFairbanks Economic Development Corporation Inc

Fairbanks Economic Development Corporation Inc

FAIRBANKS, AK

Total revenue

$596K

Total expenses

$604K

Net assets

$476K

Grants received

EIN

920036148

Tax year

2024

Mission

Economic development

Programs

3 programs

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: $79K

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: $6K

Other programs include grow fairbanks, cold weather testing, rural outreach, community economic modeling, and forestry & mining.

Financials

FY 2024

Revenue

Contributions & grants$484K
Program service revenue$104K
Investment income$5K
Other revenue$3K
Total revenue$596K

Expenses

Grants paid
Salaries & benefits$353K
Fundraising
Other expenses$251K
Total expenses$604K
Total assets$548K
Net assets$476K

People

12 listed

NameRoleCompensation

JOMO STEWART

CURRENT PRESIDENT/CEO

Board

$130K

40 hrs/wk

JEFF PUTNAM

BOARD CHAIR

Board

2 hrs/wk

GERI SIMON

VICE-CHAIR

Board

2 hrs/wk

DAN WHITE

DIRECTOR

Board

1 hrs/wk

STEVE LUNDGREN

DIRECTOR

Board

1 hrs/wk

GRIER HOPKINS

DIRECTOR

Board

1 hrs/wk

AMY COOK

SECRETARY

Board

2 hrs/wk

CRYSTAL TIDWELL

DIRECTOR

Board

1 hrs/wk

BRUNO GRUNAU

DIRECTOR

Board

1 hrs/wk

ELENA SUDDUTH

DIRECTOR

Board

1 hrs/wk

ANGIE TALLANT

TREASURER

Board

2 hrs/wk

LOU FLORENCE

DIRECTOR

Board

1 hrs/wk

Details

EIN920036148
Subsection06
Ruling date1974-05
Formed1968
Employees4
Volunteers17