Adak Community Development Corporation
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
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
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
- Updated Form 990 for fiscal year 2020 (received by the IRS June 24, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 31, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 8, 2024)
- 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
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.
Here's the math on researching Adak Community Development Corporation by hand.
Explore Open Grants
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