ALASKA DEVELOPMENT CORPORATION: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
ALASKA DEVELOPMENT CORPORATION (EIN 56-2374498)
Tax period
2017-07-01 to 2018-06-30
Filed
2019-01-04
IRS object ID
201940089349301309
Schema version
2017v2.3
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)
Return2019-01-04T11:12:35-09:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CHRISTINE E HARRINGTON CPA LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1328AddressLine1Txt
CitySITKACityNm
State AbbreviationAKStateAbbreviationCd
ZIP99835ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

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)
PersonALEC MESDAGPersonNm
Person TitleCHAIRPersonTitleTxt
Signature2018-12-13SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRISTINE E HARRINGTONPreparerPersonNm
PTINP00441102PTIN
Phone9077475500PhoneNum
Preparation2018-12-13PreparationDt
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address66.230.114.250IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-01-04IPDt
IP Tm14:12:35IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id38A7259CFABC4F460D9A31E95B7132B634884C0BAtSubmissionCreationDeviceId
At Submission Filing Device Id2233EDC68C1D5E260C56FB2FD01981685E69DC26AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerALEC MESDAGPrincipalOfficerNm
Gross Receipts$224,517GrossReceiptsAmt
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 Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$222,575PYContributionsGrantsAmt
CY Contributions Grants$201,038CYContributionsGrantsAmt
PY Program Service Revenue$20,158PYProgramServiceRevenueAmt
CY Program Service Revenue$23,337CYProgramServiceRevenueAmt
PY Investment Income$1,208PYInvestmentIncomeAmt
CY Investment Income$142CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$243,941PYTotalRevenueAmt
CY Total Revenue$224,517CYTotalRevenueAmt
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$246,316PYOtherExpensesAmt
CY Other Expenses$222,521CYOtherExpensesAmt
PY Total Expenses$246,316PYTotalExpensesAmt
CY Total Expenses$222,521CYTotalExpensesAmt
PY Revenues Less Expenses-$2,375PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,996CYRevenuesLessExpensesAmt
Total Assets BOY$131,991TotalAssetsBOYAmt
Total Assets EOY$60,962TotalAssetsEOYAmt
Total Liabilities BOY$130,183TotalLiabilitiesBOYAmt
Total Liabilities EOY$57,158TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,808NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,804NetAssetsOrFundBalancesEOYAmt
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$213,291ExpenseAmt
Revenue$23,337RevenueAmt
DescSTEM ENRICHMENT PROGRAMS DEVELOP TALENT, SKILLS AND APTITUDE IN K-12 STUDENTS NOW AND CREATE A WORKFORCE ABLE TO HELP ALASKA COMPETE IN THE GLOBAL ECONOMY OF THE FUTUREDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$9,230ExpenseAmt
DescADC SUPPORTS INITIATIVES THAT SUPPORT THE JUNEAU AS A GREAT CITY PROGRAMDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$222,521TotalProgramServiceExpensesAmt
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
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
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 With Officer EntfalseBusinessRlnWithOfficerEntInd
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
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
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 (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ALEC MESDAG
CHAIR1.00Yes (X)Yes (X)$0$0$0
RICK CAULFIELD
VICE-CHAIR1.00Yes (X)Yes (X)$0$0$0
LAUREN MACVAY
SECRETARY1.00Yes (X)Yes (X)$0$0$0
MITCH JACKSON
TREASURER1.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$4,120GovernmentGrantsAmt
All Other Contributions$196,918AllOtherContributionsAmt
Total Contributions$201,038TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPROGRAM SERVICE REVENUEDesc
Total Revenue Column$23,337TotalRevenueColumnAmt
Related Or Exempt Func Income$23,337RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$23,337TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$142TotalRevenueColumnAmt
Exclusion$142ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$224,517TotalRevenueColumnAmt
Related Or Exempt Func Income$23,337RelatedOrExemptFuncIncomeAmt
Exclusion$142ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$601TotalAmt
Program Services$601ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$206,773TotalAmt
Program Services$206,773ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,682TotalAmt
Program Services$1,682ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$7,551TotalAmt
Program Services$7,551ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$993TotalAmt
Program Services$993ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
EVENT EXPENSE$4,356$4,356
PROGRAM SUPPLIES$565$565

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$222,521TotalAmt
Program Services$222,521ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$116,706BOYAmt
EOY$54,908EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$13,690BOYAmt
EOY$4,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,595BOYAmt
EOY$2,054EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$131,991BOYAmt
EOY$60,962EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$77,084BOYAmt
EOY$18,715EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$53,099BOYAmt
EOY$38,443EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$130,183BOYAmt
EOY$57,158EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,808BOYAmt
EOY$3,804EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,808BOYAmt
EOY$3,804EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$131,991BOYAmt
EOY$60,962EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,996ReconcilationRevenueExpnssAmt
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)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$73,446CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$189,922CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$144,353CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$222,575CurrentTaxYearMinus1YearAmt
Current Tax Year$201,038CurrentTaxYearAmt
Total$831,334TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$73,446CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$189,922CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$144,353CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$222,575CurrentTaxYearMinus1YearAmt
Current Tax Year$201,038CurrentTaxYearAmt
Total$831,334TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$549,849SubstantialContributorsTotAmt
Public Support Total170$281,485PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$12CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$19CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$109CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,208CurrentTaxYearMinus1YearAmt
Current Tax Year$142CurrentTaxYearAmt
Total$1,490TotalAmt
FieldValueIRS element (for citing)
Total Support$832,824TotalSupportAmt
Gross Receipts Rltd Activities$23,337GrossReceiptsRltdActivitiesAmt
Public Support CY1700.33800PublicSupportCY170Pct
Public Support PY1700.39560PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 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.
FORM 990, PART IX, LINE 11GOTHER FEES 206,773 0 0

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