ALASKA DEVELOPMENT CORPORATION: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
ALASKA DEVELOPMENT CORPORATION (EIN 56-2374498)
Tax period
2016-07-01 to 2017-06-30
Filed
2018-05-08
IRS object ID
201811289349302891
Schema version
2016v3.1
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)
Return2018-05-08T15:36:15-08:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

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 Begin2016-07-01TaxPeriodBeginDt

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
Signature2018-04-21SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRISTINE E HARRINGTONPreparerPersonNm
PTINP00441102PTIN
Phone9077475500PhoneNum
Preparation2018-04-21PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerALEC MESDAGPrincipalOfficerNm
Gross Receipts$243,941GrossReceiptsAmt
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 Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$144,353PYContributionsGrantsAmt
CY Contributions Grants$222,575CYContributionsGrantsAmt
CY Program Service Revenue$20,158CYProgramServiceRevenueAmt
PY Investment Income$109PYInvestmentIncomeAmt
CY Investment Income$1,208CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$144,462PYTotalRevenueAmt
CY Total Revenue$243,941CYTotalRevenueAmt
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$144,436PYOtherExpensesAmt
CY Other Expenses$246,316CYOtherExpensesAmt
PY Total Expenses$144,436PYTotalExpensesAmt
CY Total Expenses$246,316CYTotalExpensesAmt
PY Revenues Less Expenses$26PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$2,375CYRevenuesLessExpensesAmt
Total Assets BOY$157,947TotalAssetsBOYAmt
Total Assets EOY$131,991TotalAssetsEOYAmt
Total Liabilities BOY$153,764TotalLiabilitiesBOYAmt
Total Liabilities EOY$130,183TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,183NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,808NetAssetsOrFundBalancesEOYAmt
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$216,183ExpenseAmt
Revenue$20,158RevenueAmt
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$30,133ExpenseAmt
DescADC SUPPORTS INITIATIVES THAT SUPPORT THE JUNEAU AS A GREAT CITY PROGRAMDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$246,316TotalProgramServiceExpensesAmt
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 StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
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 Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
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$1,089GovernmentGrantsAmt
All Other Contributions$221,486AllOtherContributionsAmt
Total Contributions$222,575TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPROGRAM SERVICE REVENUEDesc
Total Revenue Column$20,158TotalRevenueColumnAmt
Related Or Exempt Func Income$20,158RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$20,158TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,208TotalRevenueColumnAmt
Exclusion$1,208ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$243,941TotalRevenueColumnAmt
Related Or Exempt Func Income$20,158RelatedOrExemptFuncIncomeAmt
Exclusion$1,208ExclusionAmt
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$214,056TotalAmt
Program Services$214,056ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$973TotalAmt
Program Services$973ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$7,905TotalAmt
Program Services$7,905ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,465TotalAmt
Program Services$1,465ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
PROGRAM SUPPLIES$18,420$18,420
EVENT EXPENSE$2,896$2,896

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$246,316TotalAmt
Program Services$246,316ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$157,847BOYAmt
EOY$116,706EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$100BOYAmt
EOY$13,690EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$1,595EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$157,947BOYAmt
EOY$131,991EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$33,659BOYAmt
EOY$77,084EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$120,105BOYAmt
EOY$53,099EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$153,764BOYAmt
EOY$130,183EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,183BOYAmt
EOY$1,808EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,183BOYAmt
EOY$1,808EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$157,947BOYAmt
EOY$131,991EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$2,375ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
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$10,028CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$73,446CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$189,922CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$144,353CurrentTaxYearMinus1YearAmt
Current Tax Year$222,575CurrentTaxYearAmt
Total$640,324TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$10,028CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$73,446CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$189,922CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$144,353CurrentTaxYearMinus1YearAmt
Current Tax Year$222,575CurrentTaxYearAmt
Total$640,324TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$386,450SubstantialContributorsTotAmt
Public Support Total170$253,874PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$19CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$109CurrentTaxYearMinus1YearAmt
Current Tax Year$1,208CurrentTaxYearAmt
Total$1,351TotalAmt
FieldValueIRS element (for citing)
Total Support$641,675TotalSupportAmt
Gross Receipts Rltd Activities$20,158GrossReceiptsRltdActivitiesAmt
Public Support CY1700.39560PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

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

FieldValueIRS element (for citing)
Total Rev Etc Audited Fincl Stmt$243,941TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$243,941RevenueSubtotalAmt
Total Revenue Per Form990$243,941TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$246,316TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$246,316ExpensesSubtotalAmt
Total Expenses Per Form990$246,316TotalExpensesPerForm990Amt

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 214,056 0 0

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