Prince William Sound Economic Development Council-District
- Assets
- $88.1k
- Revenue
- $205.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Cordova, AK
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 92-0137903
Organization Overview
Prince William Sound Economic Development Council-District is located in Cordova, AK. The organization was established in 1999. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prince William Sound Economic Development Council-District is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Prince William Sound Economic Development Council-District generated $205.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $194.9k during the year ending 12/2022. While expenses have increased by 17.2% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO SERVE AS A FORUM FOR THE DISCUSSION OF REGIONAL ECONOMIC ISSUES AND TO FOSTER ECONOMIC GROWTH AND RESPONSIBLE DEVELOPMENT IN THE COMMUNITIES OF PRINCE WILLIAM SOUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDA CARES - ACT FUNDING WAS USED TO EXPLORE OPTIONS FOR REGIONAL FERRY SERVICE IN PRINCE WILLIAM SOUND AND PROVIDE BUSINESS SUPPORT IN RESPONSE TO PANDEMIC IMPACTS.
EDA PPP (PARTNERSHIP PLANNING PROGRAM) - ECONOMIC DEVELOPMENT PLANNING FOR REMOTE COMMUNITIES IN PRINCE WILLIAM SOUND.
EDA BBB RC ALASKA MARICULTURE CLUSTER - PARTNERSHIP PLANNING TO SUPPORT CATALYZING INVESTMENT IN MARICULTURE IN COASTAL ALASKA COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Howarth President | Trustee | 2 | $0 |
Josie Hickel Vice President | Trustee | 2 | $0 |
Mike Wells Secretary | Trustee | 2 | $0 |
Mark Detter Treasurer | Trustee | 2 | $0 |
Larry Evanoff Director | Trustee | 2 | $0 |
Jim Hunt Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,678 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,678 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| 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 | $205,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,986 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,755 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,122 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,067 |
| Advertising and promotion | $0 |
| Office expenses | $3,564 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,200 |
| Travel | $9,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,390 |
| All other expenses | $0 |
| Total functional expenses | $194,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,002 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,604 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $88,107 |
| Accounts payable and accrued expenses | $4,000 |
| Grants payable | $0 |
| Deferred revenue | $48,281 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,043 |
| Total liabilities | $55,324 |
| Net assets without donor restrictions | $32,783 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $88,107 |