Overview
What is Kds Inc Co Norton Sound Economic Development?
Kds Inc Co Norton Sound Economic Development, based in Anchorage, Alaska, serves as a title holder for Norton Sound Development Corporation (NSEDC). This nonprofit organization, recognized as tax-exempt under section 501(c)(4), plays a pivotal role in promoting economic development within the Norton Sound region. NSEDC participates in the Community Development Quota Program, utilizing income from quota shares to finance development activities in member communities located in western Alaska. This program is in accordance with section 305(I)(1) of the Magnuson-Stevens Fishery Conservation and Management Act. Kds Inc Co Norton Sound Economic Development collects royalties and channels the proceeds to NSEDC, contributing to their mission of fostering prosperity in the Norton Sound region.
Is Kds Inc Co Norton Sound Economic Development legitimate?
Kds Inc Co Norton Sound Economic Development is a legitimate nonprofit organization registered as a 501(c)(2) entity. Kds Inc Co Norton Sound Economic Development 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Kds Inc Co Norton Sound Economic Development?
Kds Inc Co Norton Sound Economic Development, through its affiliated entity Norton Sound Development Corporation (NSEDC), is committed to promoting economic development in the Norton Sound region. NSEDC participates in the Community Development Quota Program, utilizing quota share income to finance various economic development projects in member villages located in western Alaska. This is in accordance with section 305(I)(1) of the Magnuson-Stevens Fishery Conservation and Management Act. The aim is to foster growth and prosperity in the region, ultimately benefiting the local communities.
Who is the CEO of Kds Inc Co Norton Sound Economic Development?
Janis Ivanoff is the President & Ceo of Kds Inc Co Norton Sound Economic Development. The CEO's salary of Kds Inc Co Norton Sound Economic Development is $0 and their total compensation is $358,791.
What is the revenue of Kds Inc Co Norton Sound Economic Development?
Kds Inc Co Norton Sound Economic Development's revenue in 2022 was $5,561,948.
Who are the executives of Kds Inc Co Norton Sound Economic Development and what are their salaries?
Here are 28 key members and their salaries (Kds Inc Co Norton Sound Economic Development's CEO's salary is $0 and their total compensation is $358,791):
- Compensation: $0
- Related: $294,238
- Other: $64,553
- Compensation: $0
- Related: $220,434
- Other: $61,321
- Compensation: $0
- Related: $206,601
- Other: $58,205
- Compensation: $0
- Related: $170,191
- Other: $52,043
- Compensation: $0
- Related: $142,342
- Other: $23,277
- Compensation: $0
- Related: $126,386
- Other: $38,644
- Compensation: $0
- Related: $130,148
- Other: $34,243
- Compensation: $0
- Related: $128,535
- Other: $33,646
- Compensation: $0
- Related: $137,964
- Other: $23,032
- Compensation: $0
- Related: $123,826
- Other: $21,605
- Compensation: $0
- Related: $62,005
- Other: $0
- Compensation: $0
- Related: $57,607
- Other: $0
- Compensation: $0
- Related: $56,222
- Other: $0
- Compensation: $0
- Related: $53,852
- Other: $0
- Compensation: $0
- Related: $50,943
- Other: $0
- Compensation: $0
- Related: $50,061
- Other: $0
- Compensation: $0
- Related: $49,035
- Other: $0
- Compensation: $0
- Related: $48,604
- Other: $0
- Compensation: $0
- Related: $47,427
- Other: $0
- Compensation: $0
- Related: $45,429
- Other: $0
- Compensation: $0
- Related: $45,397
- Other: $0
- Compensation: $0
- Related: $44,869
- Other: $0
- Compensation: $0
- Related: $42,012
- Other: $0
- Compensation: $0
- Related: $38,229
- Other: $0
- Compensation: $0
- Related: $21,633
- Other: $0
- Compensation: $0
- Related: $17,092
- Other: $0
- Compensation: $0
- Related: $12,376
- Other: $0
- Compensation: $0
- Related: $10,968
- Other: $0
Where can I find the form 990 for Kds Inc Co Norton Sound Economic Development?
Kds Inc Co Norton Sound Economic Development's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kds Inc Co Norton Sound Economic Development
Kds Inc Co Norton Sound Economic Development, a tax-exempt organization under section 501(c)(4), plays a crucial role in promoting economic development in the Norton Sound region. It accomplishes this mission by participating in the Community Development Quota Program. This program uses income derived from a quota share to fund various economic development initiatives in member villages located in western Alaska. The organization adheres to section 305(I)(1) of the Magnuson-Stevens Fishery Conservation and Management Act, codified at 16 USC 1855(I)(1), which outlines its guidelines and objectives. The ultimate goal of Kds Inc Co Norton Sound Economic Development is to foster economic growth and development in the Norton Sound region, benefiting its local communities.
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Impact
October, 2024
KDS, Inc. plays a vital role in enhancing the economic landscape of the Norton Sound region. By holding title to property for the Norton Sound Economic Development Corporation (NSEDC), it facilitates the flow of funds derived from quota share income, specifically aimed at fostering economic growth in member villages. This financial support is critical in driving various development activities, ranging from infrastructure improvements to local business support.
The company’s activities are rooted in the Community Development Quota Program, which aligns with federal regulations established under the Magnuson-Stevens Fishery Conservation and Management Act. By effectively managing royalties and directing them to NSEDC, KDS, Inc. ensures that the communities in western Alaska benefit from sustainable economic initiatives.
Through these efforts, KDS, Inc. not only contributes to the immediate economic needs of the region but also supports long-term community improvement. This transformative impact helps to create job opportunities, enhance local amenities, and bolster the overall quality of life for residents in the Norton Sound area. Ultimately, KDS, Inc. serves as a pivotal mechanism for economic advancement, fostering resilience and prosperity in these communities.
This information is meant to be a general summary of Kds Inc Co Norton Sound Economic Development. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Program Service Revenue: $5,561,948
- Gross Receipts: $5,561,948
Assets and Liabilities:
- Total Assets: $25,581,255
- Total Liabilities: $0
- Net Assets: $25,581,255
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Royalty Revenue
Revenue
$5,561,948
Organization Details
Founding Year
2013
Phone
(907) 274-2248Principal Officer
Janis Ivanoff
Main Address
2701 Gambell Street 400, Anchorage, AK, 99503
NTEE Category
Code: S47 - Community improvement
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