Fairbanks Economic Development Corporation Inc
Public records raise at least one point you should look into before giving.
What it says it does
TO ASSIST IN CREATING NEW JOBS AND NEW ECONOMIC OPPORTUNITIES FOR RESIDENTS OF THE FAIRBANKS NORTH STAR BOROUGH AND OUR ECONOMIC AREA.
- Income
- $596,414
- Spending
- $603,751
- Employees
- 4
- Volunteers
- 17
- Highest pay
- $130,365, current president/ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $39,348 spent. COMMUNITY ECONOMIC MODELING: UNDERSTANDING WHAT DRIVES OUR ECONOMY AND HOW OUR ECONOMY WORKS HELPS FEDC AND OUR STATE LEADERS MAKE DECISIONS THAT POSITIVELY IMPACT OUR ECONOMY AND CONSEQUENTLY OUR CITIZENS' PERSONAL WELL-BEING.
- $78,796 spent. 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".
- $6,026 spent. 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.
- OTHER PROGRAMS INCLUDE GROW FAIRBANKS, COLD WEATHER TESTING, RURAL OUTREACH, COMMUNITY ECONOMIC MODELING, AND FORESTRY & MINING.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 1974.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.