EIN 86-0710582

Norton Sound Economic Development Corporation (NSEDC)

IRS 501(c) type
501(c)(4)
Num. employees
362
State
Year formed
1993
Most recent tax filings
2019-12
Description
NSEDC has provided support to residents in its member communities through education, employment and training opportunities. This investment in human capital is for the benefit of the region's economy and fulfills the mission of NSEDC.

Program areas at NSEDC

CDQ Harvest Management: Manages CDQ allocations and IFQ holdings.
Tender Vessel Management: Manages tender vessels to receive salmon and crab deliveries from our local fishers. These vessels also shuttle salmon, crab, bait and gear between our Nome and Unalakleet processing facilities and our buying station operations throughout the region.
Community Benefit Share: Provides a monetary distribution for communities to use as they determine. Through a public meeting process, residents and leaders in each community decide how the Community Benefit Share will best be utilized for the communities needs.

Form 990s for NSEDC

Fiscal year endingDate received by IRSFormPDF link
2018-122020-01-23990View PDF
2017-122018-12-22990View PDF
2016-122017-11-29990OView PDF
2015-122017-03-23990OView PDF
2014-122016-01-25990OView PDF
...and 6 more Form 990s

Grants made by NSEDC

GranteeGrant descriptionAmount
Norton Sound Health Corporation (NSHC)Dicretionary Grants$2,174,792
 Subscribe to view███████ ███$999,999
 Subscribe to view███████ ███$99,999
 Subscribe to view███████ ███$99,999
 Subscribe to view███████ ███$99,999
...and 3 more grants made

Financials for NSEDC

RevenuesFYE 12/2019
Total grants, contributions, etc.$13,679
Program services$42,233,589
Investment income and dividends$3,646,998
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$205,979
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$410,603
Miscellaneous revenues$693,518
Total revenues$47,204,366

Personnel at NSEDC

NameTitleCompensation
Janis IvanoffPresident and Chief Executive Officer$236,625
Tyler RhodesChief Operating Officer$140,096
Rick WalickiTreasurer and Chief Financial Officer
 Subscribe to viewHuman Resources Director
 Subscribe to viewIii Community Benefits Director
...and 17 more key personnel

Organizations like NSEDC

OrganizationLocationRevenue
Bristol Bay Economic Development Corporation (BBEDC)Dillingham, AK$32,445,568
Brooklyn Navy Yard Development Corporation (BNYDC)Brooklyn, NY$71,410,497
Buffalo Urban Development CorporationBuffalo, NY$33,578,696
Columbus Downtown Development Corporation (CDDC)Columbus, OH$20,346,983
Cincinnati Center City Development Corporation (3CDC)Cincinnati, OH$55,407,871
Regional Industrial Development Corporation (RIDC)Pittsburgh, PA$33,738,024
Dorchester Bay Economic Development CorporationDorchester, MA$12,026,671
The Center for Rural DevelopmentSomerset, KY$37,022,328
Mohawk Valley EDGE (EDGE)Rome, NY$16,817,671
Mid-Atlantic Broadband Communities CorporationSouth Boston, VA$13,896,975
Riverfront Development CorporationMemphis, TN$32,509,121
Initiative FoundationLittle Falls, MN$21,753,358
University of Virginia Mcintire School of Commerce FoundationCharlottesville, VA$29,507,560
Invest DetroitDetroit, MI$37,493,842
Alliance for Downtown New YorkNew York, NY$23,705,572
Enterprise Florida (EFI)Orlando, FL$22,180,263
Central Bering Sea Fishermen's Association (CBSFA)St Paul Island, AK$25,418,108
Community First FundLancaster, PA$12,560,846
Hope Enterprise CorporationJackson, MS$16,044,629
Bridgeway CapitalPittsburgh, PA$13,867,537
Aleutian Pribilof Island Community Development Association (APICDA)Juneau, AK$13,327,859
The Pasadena Center Operating CompanyPasadena, CA$25,533,514
Isothermal Planning and Development Commission (IPDC)Rutherfordton, NC$12,455,360
Uptown Reinvestment CorporationFlint, MI$13,804,257
Nashville Downtown PartnershipNashville, TN$15,213,180
Nonprofit Types
Issues
Characteristics
Key performance indicators
Total revenues
$47,204,366
2019
Yearly growth
19.1%
% of revenues
n/a
Total expenses
$48,594,293
2019
Yearly growth
22.2%
% of expenses
n/a
Total assets
$275,311,073
2019
Yearly growth
10.7%
% of assets
n/a
Num. employees
362
2019
Yearly growth
-4%
% of total
n/a
General information
Address
2701 Gambell Street
Anchorage, AK 99503
Metro area
Anchorage, AK
Website URL
nsedc.com/ 
Phone
(907) 274-2248
IRS details
EIN
86-0710582
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1993
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization