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Filing year 2024

Norton Sound Economic Development Corporation

Anchorage, Alaska·EIN 86-0710582·4
Total revenue
$27.5M
Total assets
$400.6M
Total expenses
$35.1M
Reported officers
27
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.

Executive compensation, broken down

Form 990 · Schedule J · 27 reported individuals · Filing year 2024

$473k
$504k
Base
$343k
Bonus
$50k
Other
Benefits
$49k
Vice President
vice president
$363k
$387k
Base
$268k
Bonus
$20k
Other
Benefits
$49k
Base
$249k
Bonus
$20k
Other
Benefits
$49k
$298k
$317k
Base
$208k
Bonus
$20k
Other
Benefits
$49k
Quota Manager
unclassified
$254k
$270k
Base
$168k
Bonus
$20k
Other
Benefits
$49k
Community Benefits
unclassified
$233k
$248k
Base
$149k
Bonus
$20k
Other
Benefits
$49k
Nssp Dir
unclassified
$227k
$242k
Base
$162k
Bonus
$20k
Other
Benefits
$29k
Nssp Plant Manager
unclassified
$218k
$232k
Base
$153k
Bonus
$20k
Other
Benefits
$29k
Corp. Secretary
secretary (operational)
$214k
$228k
Base
$161k
Bonus
$20k
Other
Benefits
$16k
HR Director
unclassified
$207k
$220k
Base
$131k
Bonus
$33k
Other
Benefits
$29k
Chairman
board chair
$62k
$66k
Director
board member
$61k
$65k
Director
board member
$60k
$64k
Director
board member
$56k
$59k
Director
board member
$55k
$58k
Director
board member
$55k
$58k
Director
board member
$51k
$54k
Director
board member
$50k
$53k
Director
board member
$49k
$52k
Director
board member
$49k
$52k
Director
board member
$49k
$52k
Director
board member
$47k
$50k
Director
board member
$44k
$47k
Director
board member
$39k
$42k
Director
board member
$18k
$20k
Director
board member
$11k
$12k
Director
board member
$6k
$7k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 18%
from 2023

From $400k in 2023 to $473k in 2024.

$400k
2023
$473k
2024
In today's dollarsEst.
Up 15% in real terms$438k to $504k

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Norton Sound Economic Development Corporation reported revenue and expenses across 2 filing years.

RevenueExpenses
$16.4M
$39.8M
2023
$27.5M
$35.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
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