NonprofitsNorton Sound Economic Development Corporation

Norton Sound Economic Development Corporation

ANCHORAGE, AK

Total revenue

$27.5M

Total expenses

$35.1M

Net assets

$334.4M

Grants received

EIN

860710582

Tax year

2024

Mission

To develop and sustain new and ongoing economic activity in the Norton Sound Region.

Programs

4 programs

Community Benefit Program: Provides loans and grants through the Large Infrastructure Program, Bulk Fuel and Energy Subsidy Program, Community Energy Fund and various other community outreach programs.

Expenses: $8.2MGrants: $7.4M

Quota Management & Bering Sea Investments: Manages CDQ Allocations and IFQ holdingsas well as investments in Bering Sea operations.

Expenses: $2.1M

Fisheries Development: Supports, research, rehabilitation, fertilization and enumeration projects for salmon and non-salmon species throughout the Norton Sound region. Supporting marine debris clean-up projects in member communities.

Expenses: $2.0MGrants: $8K

Training and Scholarships: Supports secondary education students through a scholarship program. Provides training for residents to gain employment in Alaska fisheries and provides funding for regional training opportunities.

Expenses: $1.3MGrants: $1.3M

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$21.8M
Investment income$1.3M
Other revenue$4.3M
Total revenue$27.5M

Expenses

Grants paid$8.7M
Salaries & benefits$11.0M
Fundraising
Other expenses$15.5M
Total expenses$35.1M
Total assets$400.6M
Net assets$334.4M

People

27 listed

NameRoleCompensation

Janis Ivanoff

President & CEO

Board

$393K

40 hrs/wk

Simon Kinneen

Vice President

Board

$288K

40 hrs/wk

Tyler Rhodes

COO

Board

$269K

40 hrs/wk

Matt Coates

Treas and CFO

Board

$228K

40 hrs/wk

Kathy Wheelehan

Corp. Secretary

Board

$181K

40 hrs/wk

Frank Katchatag

Chairman

Board

$62K

8 hrs/wk

Milton Cheemuk

Director

Board

$61K

8 hrs/wk

James Sherman

Director

Board

$60K

8 hrs/wk

Dean Peterson

Director

Board

$56K

8 hrs/wk

Harvey Sookiayak

Director

Board

$55K

8 hrs/wk

Daniel Harrelson

Director

Board

$55K

8 hrs/wk

Anna Oxereok

Director

Board

$51K

8 hrs/wk

Shirley Antoghame

Director

Board

$50K

8 hrs/wk

Frieda Southall

Director

Board

$49K

8 hrs/wk

Preston Rookok

Director

Board

$49K

8 hrs/wk

Morris Nashoanak

Director

Board

$49K

8 hrs/wk

Joseph Garnie

Director

Board

$47K

8 hrs/wk

Melvin Otton

Director

Board

$44K

8 hrs/wk

Arthur Amaktoolik

Director

Board

$39K

8 hrs/wk

Samantha Ozenna

Director

Board

$18K

8 hrs/wk

Frances Ozenna

Director

Board

$11K

8 hrs/wk

Ronald Daniels

Director

Board

$6K

8 hrs/wk

Wes Jones

Quota Manager

Staff

$188K

40 hrs/wk

Justin Noffsker

NSSP Dir

Staff

$182K

40 hrs/wk

Josh Osborne

NSSP Plant Manager

Staff

$173K

40 hrs/wk

PAul Ivanoff

Community Benefits

Staff

$169K

40 hrs/wk

Leslie Ladegard

HR Director

Staff

$163K

40 hrs/wk

Independent contractors

Aleutian #1 LLC

Crab Vessel

$8.1M

Patricia Lee LLC

Crab Vessel

$1.7M

Unisea

Crab Processing

$814K

Refrigeration Unlimited

Refrigeration Maintenance

$515K

Bay Welding

Vessel Repairs

$484K

Details

EIN860710582
Subsection04
Ruling date1993-09
Formed1993
Employees277
NORTON SOUND ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo