Kenai Peninsula Economic Development District Inc

Organization Overview

Kenai Peninsula Economic Development District Inc is located in Kenai, AK. The organization was established in 1988. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Kenai Peninsula Economic Development District Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kenai Peninsula Economic Development District Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 06/2021, Kenai Peninsula Economic Development District Inc generated $595.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $687.2k during the year ending 06/2021. While expenses have increased by 8.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FOSTER ECONOMIC GROWTH BY DEVELOPING AND IMPLEMENTING A BOROUGH-WIDE ECONOMIC DEVELOPMENT PROGRAM DESIGNED TO CREATE EMPLOYMENT OPPORTUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOSTER ECONOMIC GROWTH BY DEVELOPING AND IMPLEMENTING A BOROUGH-WIDE ECONOMIC DEVELOPMENT PROGRAM DESIGNED TO CREATE EMPLOYMENT OPPORTUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Timothy Dillon
Executive Dir.
$147,513
Todd Smith
President
$0
Tim Redder
Treasurer
$0
Bruce Richards
Vice President
$0
Chris Hough
Secretary
$0
Tyson Cox
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $432,353
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$432,353
Total Program Service Revenue$162,782
Investment income $442
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $595,577

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