Alaska · Nonprofit
Norton Sound Economic Development Corporation
Norton Sound Economic Development Corporation (Alaska) receives grants from 1 organization whose IRS filings report $5,413 to it, the largest being OCEAN CONSERVANCY ($5,413). 0 of them have funded it in more than one year.
- Revenue FY2024
- $27M
- Funders on record
- 1
- Grants received
- $5k
- Net assets
- $334M
What Norton Sound Economic Development Corporation does
Mission
To develop and sustain new and ongoing economic activity in the Norton Sound region. The Company's mission outlines its intentions to provide a balance between local economic development oriented towards the residents in the region and active participation in the distant-water fisheries in the Bering Sea and Aleutian Islands. The Company implements programs to educate, train, and employ people of the region; build infrastructure to help support the new and existing fisheries; start new fisheries through locally initiated development efforts; support the local salmon, herring, crab, and halibut fishermen; restore salmon runs in the region for both commercial and subsistence users; provide loans for gear, vessels, and secure equity interests in companies and vessels. The Company has not entered into any significant long-term agreements or commitments other than its agreements with the harvesters of its CDQ allocations.
As stated on its FY2024 Form 990.
Programs
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.
$10,177,019 spentof which $314,218 as grants$4,363,174 earned by the program35% of program spendingCommunity 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.
$8,550,962 spentof which $7,733,913 as grants29% of program spendingCDQ Harvest Management: Manages CDQ allocations and IFQ holdings.
$7,557,280 spent$27,539,928 earned by the program26% of program spendingOTHER PROGRAM SERVICES 4: 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. OTHER PROGRAM SERVICES 5: 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.
$3,192,816 spentof which $1,072,569 as grants11% of program spending
The 4 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $29,478,077.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $295M to $393M (+33%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Janis Ivanoff
President & CEO
Board chair
Frank Katchatag
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of Norton Sound Economic Development Corporation’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
Norton Sound Economic Development Corporation draws 100% of its grant income from funders outside Alaska, across 1 state in all.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Government funding Norton Sound Economic Development Corporation receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $36k on record.
- Department of Commerce$36k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like Norton Sound Economic Development Corporation
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Alaska
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
67% of spending goes to programs.
Governance
Footprint & structure
Part of a family of 8 related entities
- KDS Inc · exempt
- Norton Sound Fund · exempt
- Glacier Fish Company · partnership
- SIKU Holding LLC · partnership
- Aleutian #1 LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for Norton Sound Economic Development Corporation: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Norton Sound Economic Development Corporation?
- Norton Sound Economic Development Corporation (Alaska) receives grants from 1 organization whose IRS filings report $5,413 to it, the largest being OCEAN CONSERVANCY ($5,413). 0 of them have funded it in more than one year.
- How many funders does Norton Sound Economic Development Corporation have?
- IRS filings report 1 organization giving $5,413 in grants to Norton Sound Economic Development Corporation.
- Who is the largest funder of Norton Sound Economic Development Corporation?
- OCEAN CONSERVANCY is the largest funder on record, with $5,413 in grants. The full list of funders is on this page.
- How can an organization like Norton Sound Economic Development Corporation find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Alaska. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing