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Filing year 2024

FAIRBANKS ECONOMIC DEVELOPMENT CORP

Fairbanks, Alaska·EIN 92-0036148·501(c)(6)
Total revenue
$596k
Total assets
$548k
Total expenses
$604k
Reported officers
12
Mission

TO ASSIST IN CREATING NEW JOBS AND NEW ECONOMIC OPPORTUNITIES FOR RESIDENTS OF THE FAIRBANKS NORTH STAR BOROUGH AND OUR ECONOMIC AREA.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Current President/ceo
Median to 75th percentile
$130k
$139k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 11 unpaid individuals.

Held steady
from 2023

From $130k in 2023 to $130k in 2024.

$130k
2023
$130k
2024
In today's dollarsEst.
Down 3% in real terms$143k to $139k

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay held roughly steady from 2023 to 2024, while revenue fell 15%.

$130k in 2023 to $130k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

FAIRBANKS ECONOMIC DEVELOPMENT CORP reported revenue and expenses across 2 filing years.

RevenueExpenses
$703k
$571k
2023
$596k
$604k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about FAIRBANKS ECONOMIC DEVELOPMENT CORP

What does the Chief Executive Officer of FAIRBANKS ECONOMIC DEVELOPMENT CORP earn?

In 2024, the Chief Executive Officer of FAIRBANKS ECONOMIC DEVELOPMENT CORP received $130,365 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FAIRBANKS ECONOMIC DEVELOPMENT CORP compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at FAIRBANKS ECONOMIC DEVELOPMENT CORP falls between the median and the 75th percentile.

What are FAIRBANKS ECONOMIC DEVELOPMENT CORP's revenue and expenses?

In 2024, FAIRBANKS ECONOMIC DEVELOPMENT CORP reported $596k in total revenue and $604k in total expenses on its IRS Form 990.

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