Public Charity

KDS Inc CO Norton Sound Economic Development

KDS Inc CO Norton Sound Economic Development is a Public Charity headquartered in Anchorage, AK. Financial data from the 2024 filing: $3.5M revenue, $77K expenses, $28.0M total assets.

EIN: 920143907 Anchorage, AK Real Estate Associations NTEE: S47 Latest filing: 2024

Total Revenue$3.5M

Total Expenses$77K

Total Assets$28.0M

Grant Records0

Filing Years2019–2024

Mission

KDS, Inc. holds title to property for Norton Sound Development Corporation (NSEDC), EIN 86-0710852, which is tax exempt under 501(c)(4). NSEDC's purpose is to promote economic development in the Norton Sound region as a participant in the Community Development Quota Program which uses quota share income to fund economic development activities in member villages in western Alaska, in accordance with section 305(I)(1) of the Magnuson-Stevens Fishery Conservation and Management Act, codified at 16 USC 1855(I)(1).

Where $100 goes at KDS Inc CO Norton Sound Economic Development

How KDS Inc CO Norton Sound Economic Development divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$100 Programs the work itself

<$1 Management running the organization

$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$100

Collected royalties and passed income directly to parent company NSEDC, to fund economic development and other activities in the Norton Sound region

All program spending

Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Director Anna Oxereok

Director Arthur Amaktoolik

Director Daniel Harrelson

Director Dean Peterson

Director Frances Ozenna

Chairman Frank Katchatag

Officer compensation and complete director data available with membership.

Financial Trends

Year	Revenue	Expenses	Assets
2024	$3.5M	$77K	$28.0M
2023	$6.1M	$73K	$31.7M
2022	$5.6M	$72K	$25.6M
2020	$2.5M	$335K	$27.2M
2019	$5.5M	$569K	$28.1M

Between 2019 and 2024, reported annual revenue declined from $5.5M to $3.5M (-37%), with total assets most recently reported at $28.0M.

Interactive year-over-year charts and full filing details available with membership.

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