Skagway Development Corporation
- Assets
- $207.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Skagway, AK
- Founding
- 08/2002
- Data as of
- 12/2021
- EIN
- 92-0178115
Organization Overview
Skagway Development Corporation is located in Skagway, AK. The organization was established in 2002. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skagway Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Skagway Development Corporation generated $112.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $126.9k during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROMOTED ECONOMIC DEVELOPMENT ACTIVITIES IN SKAGWAY, ALASKA, BY OFFERING VARIOUS RESOURCES TO LOCAL BUSINESSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kaitlyn Jared Executive Director | 40 | $52,940 | |
Cori Giacomazzi Vice President | 50 | $0 | |
Timothy Bourcy President | 12 | $0 | |
Bruce Schindler Treasurer | 25 | $0 | |
Julene Brown Secretary | 50 | $0 | |
Charles Doland Member At Large | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,285 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $112,303 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $71,913 |
| Professional fees and other payments to independent contractors | $606 |
| Occupancy, rent, utilities, and maintenance | $16,101 |
| Printing, publications, postage, and shipping | $265 |
| Other expenses | $37,967 |
| Total expenses | $126,852 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $169,724 |
| Other assets | $0 |
| Total assets | $207,344 |
| Total liabilities | $29,780 |
| Net assets or fund balances | $177,564 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Skagway Development Corporation has recieved totaling $42,621.
| Awarding Organization | Amount |
|---|---|
Alaska Community Foundation Anchorage, AK PURPOSE: Operational Support | $42,621 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coastal Villages Region Fund Anchorage, AK | $305,962,388 | $71,340,049 |
Rural Alaska Community Action Program Inc Anchorage, AK | $41,385,043 | $27,905,721 |
Metropolitan Development Council Tacoma, WA | $25,355,306 | $24,051,543 |
Aleutian-Pribilof Islands Anchorage, AK | $38,968,570 | $29,437,372 |
Friends Of Seattle Waterfront Seattle, WA | $32,295,569 | $18,451,565 |
Yakima County Development Association Yakima, WA | $2,653,869 | $12,280,886 |
Association Of Washington Cities Olympia, WA | $23,978,792 | $13,838,038 |
Southeast Effective Development Seattle, WA | $44,851,964 | $4,590,608 |
Evergreen Business Capital Seattle, WA | $8,313,121 | $5,500,753 |
Community Frameworks Spokane, WA | $20,309,475 | $6,692,007 |
Interim Community Development Association Seattle, WA | $18,632,697 | $4,931,753 |
Seashare Bainbridge Island, WA | $1,261,413 | $3,903,292 |