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  4. Norton Sound Economic Development Corporation (NSEDC)
EIN 86-0710582

Norton Sound Economic Development Corporation (NSEDC)

IRS 501(c) type
501(c)(4)
Num. employees
237
City
Anchorage
State
Alaska
Year formed
1993
Most recent tax filings
2020-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Norton Sound Economic Development Corporation 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. Norton Sound Economic Development Corporation offers scholarships to students enrolled full-time at an accredited college, university or vocational school. These scholarships provide supplemental funds for higher education or vocational training in the amount of $2,000 per semester or training session.
Total revenues
$43,295,497
2020
Total expenses
$44,951,992
2020
Total assets
$294,734,347
2020
Num. employees
237
2020

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.

Grants made by NSEDC

GranteeGrant descriptionAmount
Norton Sound Health Corporation (NSHC)Dicretionary Grants$2,174,792
KawerakDiscretionary Grants$154,854
Bering Sea Post 9569 Veterans of Foreign Wars of the United States - VFW 9569Discretionary Grants$51,706
...and 5 more grants made

Personnel at NSEDC

NameTitleCompensation
Janis IvanoffPresident and Chief Executive Officer$204,931
Tyler RhodesChief Operating Officer$161,473
Matt CoatesChief Financial Officer$109,171
Charlie LeanDirector
Dawson KauerNo NSSP Assistant Plant Manager
...and 11 more key personnel

Financials for NSEDC

RevenuesFYE 12/2020
Total grants, contributions, etc.$1,915
Program services$39,031,302
Investment income and dividends$3,566,333
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$340,809
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$-226,620
Miscellaneous revenues$581,758
Total revenues$43,295,497

Form 990s for NSEDC

Fiscal year endingDate received by IRSFormPDF link
2019-122021-06-25990View PDF
2018-122020-01-23990View PDF
2017-122018-12-22990View PDF
2016-122017-11-29990OView PDF
2015-122017-03-23990OView PDF
...and 7 more Form 990s
Data update history
December 6, 2021
Updated personnel
Identified 5 new personnel
October 14, 2021
Posted financials
Added Form 990 for fiscal year 2019
April 29, 2021
Posted financials
Added Form 990 for fiscal year 2018
May 14, 2020
Updated personnel
Identified 1 new personnel
March 3, 2020
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizations
Issues
EducationAnimalsWildlifeCommunity improvementEconomic development
Characteristics
State / local levelReceives government fundingProvides scholarships
General information
Address
2701 Gambell St
Anchorage, AK 99503
Metro area
Anchorage, AK
County
Anchorage Municipality, 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
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