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Adak Community Development Corporation

501(c)(4) organization Adak, AK EIN: 26-3793262 Website

The promotion and development of fisheries related resources, infrastructure and assets for the benefit of the community of Adak, Alaska.

Key facts about Adak Community Development Corporation

EIN
26-3793262
Latest 990 filing
Form 990, 2024
Total assets
$7,117,755

Data from IRS Form 990, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$7.1M

+10.3% YoY

Revenue

$881K

+16.9% YoY

Net Investment Income

$123K

+175.7% YoY

Expenses

$301K

+50.2% YoY

About Adak Community Development Corporation

Based on IRS filings

Adak Community Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Adak, AK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.1M in total assets. Net investment income was $123K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

Anchorage

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K1 grant2020 0 grants2021 1 grant2022 Total only2023 0 grants2024

From 2020 to 2023, annual grant giving ranged from $750 (2023) to $12K (2020). In 2023 it reported $750 in grants paid, as a total without an itemized list.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

2 grants across all recorded years

2<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 2 grants of 2 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$500K$1M$1.5M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$7,117,755$6,451,091$5,838,618
Revenue$881,255$753,700$1,285,252
Expenses$300,842$200,345$158,901
Net Investment Income$122,546$44,454$24,259

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS June 24, 2021)
  2. Updated Form 990 for fiscal year 2022 (received by the IRS October 31, 2023)
  3. Updated Form 990 for fiscal year 2023 (received by the IRS November 8, 2024)
  4. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Adak Community Development Corporation is led by Layton J Lockett, President on every filing since 2020; 1 of 8 officers listed in 2024 is compensated.

Officers on the 2024 filing

  • Layton J Lockett

    President

    On filings since 2020

    10 hrs/week

    No compensation reported

  • Richard R Koso

    Director

    Vice President → Director, 2022

    On filings since 2020

    1 hr/week

    No compensation reported

  • W David Fraser

    Director

    On filings since 2020

    3 hrs/week

    No compensation reported

  • Cory Herendeen

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Scott Bullock

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Mary Nelson

    Office Manager

    On filings since 2020

    40 hrs/week

    $41K (2020) → $39K (2024)

  • Larry D Mayes

    Secretary & Treasurer

    Secretary & Treasurer → Sec-Treas, 2021

    Sec-Treas → Secretary & Treasurer, 2022

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Steven K Minor

    Vice President

    Director → Vice President, 2022

    On filings since 2020

    5 hrs/week

    No compensation reported

Former officers (2)
  • Former: Esther S Bennett (2020–2021) — Director
  • Former: Raymond J Nelson (2020–2021) — Director

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Mary Nelson — Office Manager: $39KMary NelsonOffice Manager$39K

The highest reported compensation on the 2024 filing was $39K, to Mary Nelson (Office Manager).

Frequently asked questions about Adak Community Development Corporation

How large is Adak Community Development Corporation?

Adak Community Development Corporation reported $7.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $881K.

What is Adak Community Development Corporation?

Adak Community Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Adak, AK. It holds $7.1M in total assets as of 2024.

Where does Adak Community Development Corporation operate?

Adak Community Development Corporation has awarded grants in Alaska.

What is Adak Community Development Corporation's EIN?

Adak Community Development Corporation's EIN (Employer Identification Number) is 26-3793262. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated October 2026. Sourced from IRS Form 990 filings.

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