Juneau Economic Development Council
- Assets
- $7.4m
- Revenue
- $19.7m
- Investments
- $0.0
- Employees
- 65
- Location
- Juneau, AK
- Founding
- 05/1988
- Data as of
- 06/2021
- EIN
- 94-3053042
Organization Overview
Juneau Economic Development Council is located in Juneau, AK. The organization was established in 1988. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Juneau Economic Development Council employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Juneau Economic Development Council is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2021, Juneau Economic Development Council generated $19.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 62.0% each year . All expenses for the organization totaled $17.3m during the year ending 06/2021. While expenses have increased by 58.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ECONOMIC DEVELOPMENT IN SOUTHEAST ALASKA
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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
OTHER PROGRAMS INCLUDE SUPPORT FOR SMALL BUSINESS AND ENTREPRENEURSHIP AND DELIVERY OF CORE ECONOMIC DEVELOPMENT AS A RESULT OF COVID-19 CARES FUNDS WERE AVAILABLE TO THE CITY AND BOROUGH OF JUNEAU FOR SMALL BUSINESS GRANTS. THE JEDC PROCESSED AND DISBURSED GRANT FUNDS TO SMALL BUSINESS USING A SUBRECIPIENT AWARD FROM THE CITY AND BOROUGH OF JUNEAU. REVENUE ALSO INCLUDES FEES EARNED FROM PROCESSING ALASKA CARES FUNDING FOR THE STATE OF ALASKA THROUGH THE ALASKA INDUSTRIAL DEVELOPMENT AND EXPORT AUTHORITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garrett Schoenberger Chair | OfficerTrustee | 1 | $0 |
Karen Carey Vice Chair | OfficerTrustee | 1 | $0 |
Jake Carpenter Treasurer | OfficerTrustee | 1 | $0 |
Melissa Kookesh Secretary | OfficerTrustee | 1 | $0 |
Marc Guevarra Director | Trustee | 1 | $0 |
Rodney Hesson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,955,161 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,955,161 |
| Total Program Service Revenue | $3,648,354 |
| Investment income | $101,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,704,575 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,301,855 |
| Pension plan accruals and contributions | $41,926 |
| Other employee benefits | $81,385 |
| Payroll taxes | $113,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,048 |
| Fees for services: Accounting | $40,371 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,138 |
| Advertising and promotion | $6,707 |
| Office expenses | $54,744 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $187,449 |
| Travel | $2,401 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,605 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,225 |
| All other expenses | $0 |
| Total functional expenses | $17,340,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,520 |
| Savings and temporary cash investments | $448,952 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,037 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,088,372 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,348 |
| Net Land, buildings, and equipment | $1,119,970 |
| Investments—publicly traded securities | $3,121,627 |
| Investments—other securities | $0 |
| Investments—program-related | $25,500 |
| Intangible assets | $0 |
| Other assets | $1,423,917 |
| Total assets | $7,391,243 |
| Accounts payable and accrued expenses | $61,847 |
| Grants payable | $0 |
| Deferred revenue | $2,262 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $780,000 |
| Unsecured mortgages and notes payable | $209,942 |
| Other liabilities | $2,023,502 |
| Total liabilities | $3,077,553 |
| Net assets without donor restrictions | $4,250,873 |
| Net assets with donor restrictions | $62,817 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,391,243 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Juneau Economic Development Council has recieved totaling $61,000.
| Awarding Organization | Amount |
|---|---|
Douglas Island Pink And Chum Incorporated Juneau, AK PURPOSE: SALMON EDUCATION | $30,500 |
Douglas Island Pink And Chum Incorporated Juneau, AK PURPOSE: SALMON EDUCATION | $30,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton Sound Economic Development Corporation Anchorage, AK | $393,228,467 | $59,416,266 |
Bristol Bay Economic Development Corporation Dillingham, AK | $306,219,768 | $32,445,568 |
Juneau Economic Development Council Juneau, AK | $7,391,243 | $19,704,575 |
Alaska Cabaret Hotel Restaurant & Retailers Association Anchorage, AK | $1,951,463 | $11,915,981 |
Spokane Area Workforce Development Council Spokane, WA | $1,735,015 | $9,993,306 |
South Central Workforce Development Council Union Gap, WA | $4,276,195 | $7,715,275 |
Visit Spokane Spokane, WA | $4,256,594 | $5,130,887 |
Spruce Root Inc Juneau, AK | $2,965,503 | $3,464,933 |
Angels For Angels Seattle, WA | $2,495,465 | $5,448,539 |
Koyuk Native Store Koyuk, AK | $1,287,215 | $2,898,870 |
Greater Seattle Partners Seattle, WA | $2,408,899 | $964,300 |
The Alliance For Pioneer Square Seattle, WA | $803,516 | $2,179,538 |