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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
273
City
Anchorage
State
Alaska
Year formed
1993
Most recent tax filings
2023-12-01
NTEE code, primary
S30: 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
$16,364,233
2023
Total expenses
$39,798,531
2023
Total assets
$391,353,465
2023
Num. employees
273
2023

Program areas at NSEDC

NSSP and Tenders: 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.
CDQ Harvest Management: Manages CDQ allocations and IFQ holdings.
Community Benefit Program: Provides loans and grants through the Large Infrastructure Program, Bulk Fuel and Energy Subsidy Program, Small Business Initiative, Community Energy Fund and various other community outreach programs.

Grants made by NSEDC

GranteeGrant descriptionAmount
Norton Sound Health Corporation (NSHC)Discretionary Grants$520,000
KawerakDiscretionary Grants$63,422
Nome Emergency Shelter Team (NEST)Discretionary Grants$30,000
...and 8 more grants made

Personnel at NSEDC

NameTitleCompensation
Janis IvanoffPresident and Chief Executive Officer$294,238
Tyler RhodesChief Operating Officer$206,601
Matt CoatesChief Financial Officer$170,191
Simon KinneenVice President and Chief Business Officer$220,434
Laura Davis CollinsCommunications Director
...and 17 more key personnel

Financials for NSEDC

RevenuesFYE 12/2023
Total grants, contributions, etc.$4,741
Program services$31,903,102
Investment income and dividends$-7,068,119
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,051,454
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$-10,061,084
Miscellaneous revenues$534,139
Total revenues$16,364,233

Form 990s for NSEDC

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990View PDF
2022-122023-10-27990View PDF
2021-122022-11-14990View PDF
2020-122021-09-28990View PDF
2019-122021-06-25990View PDF
...and 11 more Form 990s
Data update history
January 14, 2025
Used new vendors
Identified 3 new vendors, including , , and
November 5, 2024
Updated personnel
Identified 11 new personnel
December 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 29, 2023
Updated personnel
Identified 3 new personnel
December 24, 2023
Used new vendors
Identified 4 new vendors, including , , , and
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizations
Issues
EducationCommunity improvementEconomic development
Characteristics
State / local levelReceives government fundingEndowed supportProvides scholarships
General information
Address
2701 Gambell St 400
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
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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