Overview
What is Norton Sound Economic Development Corporation?
The Norton Sound Economic Development Corporation is a nonprofit organization based in Anchorage, Alaska, specifically located at 2701 Gambell Street 400. Their mission focuses on fostering economic growth and sustainability in the Norton Sound region. They manage CDQ allocations and IFQ holdings, providing a balance between local development and participation in distant-water fisheries in the Bering Sea and Aleutian Islands. The company's initiatives include offering educational, training, and employment opportunities to residents, building essential infrastructure, launching new fisheries, and supporting local fishermen. Moreover, they aim to restore salmon runs and offer financial assistance through loans and equity investments. Despite their significant involvement in the fisheries sector, they have not entered into any major long-term agreements beyond their agreements with CDQ harvesters.
Official website here: www.nsedc.com
Is Norton Sound Economic Development Corporation legitimate?
Norton Sound Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Norton Sound Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $2,042,343
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,319,846
For more financial information, click here
Official website here: www.nsedc.com
What is the mission statement of Norton Sound Economic Development Corporation?
The Norton Sound Economic Development Corporation is dedicated to fostering and maintaining sustainable economic growth in the region. Its mission encompasses a balance between local development for residents and involvement in distant-water fisheries in the Bering Sea and Aleutian Islands. The organization executes programs to educate, train, and employ local people, constructs infrastructure for fisheries, initiates new fisheries through community-led development efforts, and supports local fishermen for various species such as salmon, herring, crab, and halibut. Additionally, the Corporation offers loans for essential equipment and investments in companies and vessels. The Corporation has entered into agreements primarily with harvesters of its CDQ (Community Development Quota) allocations, without any significant long-term commitments beyond these agreements.
Official website here: www.nsedc.com
Who is the CEO of Norton Sound Economic Development Corporation?
Janis Ivanoff is the President & Ceo of Norton Sound Economic Development Corporation. The CEO's salary of Norton Sound Economic Development Corporation is $294,238 and their total compensation is $358,791.
Official website here: www.nsedc.com
What is the revenue of Norton Sound Economic Development Corporation?
Norton Sound Economic Development Corporation's revenue in 2022 was $27,485,239.
Official website here: www.nsedc.com
Who are the executives of Norton Sound Economic Development Corporation and what are their salaries?
The average compensation at Norton Sound Economic Development Corporation during 2022 was $27,067. There are 272 employees at Norton Sound Economic Development Corporation.
Here are 28 key members and their salaries (Norton Sound Economic Development Corporation's CEO's salary is $294,238 and their total compensation is $358,791):
- Janis Ivanoff (President & Ceo)
- Simon Kinneen (Vice President)
- Tyler Rhodes (Coo)
- Matt Coates (Treas And Cfo)
- Wes Jones (Quota Analyst)
- Paul Ivanoff (Community Director)
- Josh Osborne (Nssp Plant Manager)
- Justin Noffsker (Nssp Director)
- Kathy Wheelehan (Corp. Secretary)
- Frank Doty (Nssp Plant Manager)
- Frank Katchatag (Chairman) [Trustee/Director]
- Milton Cheemuk (Director)
- Dan Harrelson (Director)
- Harvey Sookiayak (Director)
- Oscar Takak (Director)
- Sara Seetot (Director)
- Morris Nashoanak (Director)
- Joel James (Director)
- James Sherman (Director)
- Dean Peterson (Director)
- Truman Kava (Director)
- Melvin Otton (Director)
- Joe Garnie (Director)
- Frances Ozenna (Director)
- Frank Oxereok (Director)
- Anna Oxereok (Director)
- Arthur Amaktoolik (Director)
- Preston Rookok (Director)
Official website here: www.nsedc.com
Where can I find the form 990 for Norton Sound Economic Development Corporation?
The Norton Sound Economic Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.nsedc.com
Learn more at the official website: www.nsedc.com
Mission Statement of Norton Sound Economic Development Corporation
Norton Sound Economic Development Corporation (NSEDC) is a mission-driven organization committed to fostering new and ongoing economic activity in the region. With a focus on striking a balance between local development and active participation in the distant-water fisheries in the Bering Sea and Aleutian Islands, NSEDC aims to enhance the economic prospects of the community.
To actualize its mission, NSEDC has designed a multifaceted approach. It offers educational and training programs to equip the local populace with the necessary skills for employment. Furthermore, NSEDC invests in infrastructure development to support the growth of fisheries. By initiating new fisheries through locally-led development projects, NSEDC empowers the community to take control of its economic destiny.
NSEDC also extends its support to local fishermen, including those who engage in subsistence fishing for salmon, herring, crab, and halibut. Its commitment to the region's fisheries is further demonstrated through its provision of loans for fishermen to purchase vessels, gear, and secure equity interests in companies and vessels. Restoring salmon runs is another key priority for NSEDC, with benefits extending to both commercial and subsistence users.
In essence, Norton Sound Economic Development Corporation serves as a catalyst for economic growth and development within the region. By providing essential resources and opportunities, NSEDC enables the community to thrive and sustainably participate in the fisheries sector.
Impact
This information is meant to be a general summary of Norton Sound Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Norton Sound Economic Development Corporation's impact is significant in developing and sustaining new and ongoing economic activity in the Norton Sound region. The organization actively manages CDQ allocations and IFQ holdings, contributing to the local economic development while also participating in distant-water fisheries in the Bering Sea and Aleutian Islands. They focus on educating, training, and employing local residents, building essential infrastructure, initiating new fisheries, supporting local fishermen, restoring salmon runs, and providing financial assistance for gear and vessels. By balancing economic development with community-oriented initiatives, Norton Sound Economic Development Corporation plays a crucial role in enhancing economic opportunities and community improvement in the region.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Harvesting Revenue
Revenue
$36,387,029
Organization Details
Founding Year
1993
Phone
(907) 274-2248
Principal Officer
Janis Ivanoff
Main Address
2701 Gambell Street 400, Anchorage, AK, 99503
Website
www.nsedc.com
NTEE Category
Code: S30 - Community improvement
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