ALASKA DEVELOPMENT CORPORATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
ALASKA DEVELOPMENT CORPORATION (EIN 56-2374498)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-05-16
IRS object ID
202231369349317343
Schema version
2020v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-16T21:43:31-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HARRINGTON & HUFF CPASBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1328AddressLine1Txt
CitySITKACityNm
State AbbreviationAKStateAbbreviationCd
ZIP99835ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN562374498EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ALASKA DEVELOPMENT CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlALASBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1612 W WILLOUGHBY AVE AAddressLine1Txt
CityJUNEAUCityNm
State AbbreviationAKStateAbbreviationCd
ZIP99801ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGARRETT SCHOENBERGERPersonNm
Person TitleCHAIRPersonTitleTxt
Signature2022-05-10SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGARRETTPersonFirstNm
Person LastSCHOENBERGERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRISTINE E HARRINGTONPreparerPersonNm
PTINP00441102PTIN
Phone9077475500PhoneNum
Preparation2022-05-10PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGARRETT SCHOENBERGERPrincipalOfficerNm
Gross Receipts$282,786GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressAKDEVCORP.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2004FormationYr
Legal Domicile StateAKLegalDomicileStateCd
Activity Or MissionPROMOTE 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.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$204,154PYContributionsGrantsAmt
CY Contributions Grants$282,656CYContributionsGrantsAmt
PY Program Service Revenue$435PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$1,334PYInvestmentIncomeAmt
CY Investment Income$130CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$205,923PYTotalRevenueAmt
CY Total Revenue$282,786CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$152,199PYOtherExpensesAmt
CY Other Expenses$189,107CYOtherExpensesAmt
PY Total Expenses$152,199PYTotalExpensesAmt
CY Total Expenses$189,107CYTotalExpensesAmt
PY Revenues Less Expenses$53,724PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$93,679CYRevenuesLessExpensesAmt
Total Assets BOY$85,836TotalAssetsBOYAmt
Total Assets EOY$175,414TotalAssetsEOYAmt
Total Liabilities BOY$23,186TotalLiabilitiesBOYAmt
Total Liabilities EOY$19,085TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$62,650NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$156,329NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionPROMOTE 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.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$189,107ExpenseAmt
DescADC SUPPORTS INITIATIVES THAT SUPPORT THE JUNEAU AS A GREAT CITY PROGRAM.Desc
Total Program Service Expenses$189,107TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JEDCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9075232300PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1612 W WILLOUGHBY AVENUEAddressLine1Txt
CityJUNEAUCityNm
State AbbreviationAKStateAbbreviationCd
ZIP99801ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
GARRETT SCHOENBERGER
CHAIR1.00Yes (X)Yes (X)$0$0$0
DR KAREN CAREY
VICE-CHAIR1.00Yes (X)Yes (X)$0$0$0
JAKE CARPENTER
TREASURER1.00Yes (X)Yes (X)$0$0$0
MARK GUEVARRA
DIRECTOR1.00Yes (X)$0$0$0
ALEXANDER KOTLAROV
DIRECTOR1.00Yes (X)$0$0$0
RAY PADDOCK III
DIRECTOR1.00Yes (X)$0$0$0
JILL WEITZ
DIRECTOR1.00Yes (X)$0$0$0
BETH WELDON
DIRECTOR1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$220,974GovernmentGrantsAmt
All Other Contributions$61,682AllOtherContributionsAmt
Total Contributions$282,656TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$130TotalRevenueColumnAmt
Exclusion$130ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$282,786TotalRevenueColumnAmt
Exclusion$130ExclusionAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$527TotalAmt
Program Services$527ProgramServicesAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescRESPITE CAREDesc
Total$188,580TotalAmt
Program Services$188,580ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$189,107TotalAmt
Program Services$189,107ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$85,836BOYAmt
EOY$103,697EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$71,717EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$85,836BOYAmt
EOY$175,414EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$3,314BOYAmt
EOY$3,315EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$19,872BOYAmt
EOY$15,770EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$23,186BOYAmt
EOY$19,085EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$62,650BOYAmt
EOY$156,329EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$62,650BOYAmt
EOY$156,329EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$85,836BOYAmt
EOY$175,414EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$93,679ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$222,575CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$201,038CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$214,239CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$204,154CurrentTaxYearMinus1YearAmt
Current Tax Year$282,656CurrentTaxYearAmt
Total$1,124,662TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$23,337CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$16,629CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$435CurrentTaxYearMinus1YearAmt
Total$40,401TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$222,575CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$224,375CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$230,868CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$204,589CurrentTaxYearMinus1YearAmt
Current Tax Year$282,656CurrentTaxYearAmt
Total$1,165,063TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$1,165,063PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,208CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$142CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$181CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,334CurrentTaxYearMinus1YearAmt
Current Tax Year$130CurrentTaxYearAmt
Total$2,995TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,208CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$142CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$181CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,334CurrentTaxYearMinus1YearAmt
Current Tax Year$130CurrentTaxYearAmt
Total$2,995TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$223,783CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$224,517CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$231,049CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$205,923CurrentTaxYearMinus1YearAmt
Current Tax Year$282,786CurrentTaxYearAmt
Total$1,168,058TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.99740PublicSupportCY509Pct
Public Support PY5090.99710PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Investment Income PY0.00000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescCAMP DEPOSITSDesc
Amt$15,770Amt
FieldValueIRS element (for citing)
Total Liability$15,770TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONPROMOTE 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.
FORM 990, PAGE 6, PART VI, LINE 11BBOARD MEMBERS ARE PROVIDED AN ELECTRONIC COPY OF THE RETURN VIA EMAIL FOR THEIR REVIEW AND COMMENT.
FORM 990, PAGE 6, PART VI, LINE 19THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS AVAILABLE TO ANYONE UPON REQUEST.

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