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 · Part VII & Schedule J · 27 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $343k
- Bonus
- $50k
- Other
- —
- Benefits
- $49k
- Base
- $268k
- Bonus
- $20k
- Other
- —
- Benefits
- $49k
- Base
- $249k
- Bonus
- $20k
- Other
- —
- Benefits
- $49k
- Base
- $208k
- Bonus
- $20k
- Other
- —
- Benefits
- $49k
- Base
- $168k
- Bonus
- $20k
- Other
- —
- Benefits
- $49k
- Base
- $149k
- Bonus
- $20k
- Other
- —
- Benefits
- $49k
- Base
- $162k
- Bonus
- $20k
- Other
- —
- Benefits
- $29k
- Base
- $153k
- Bonus
- $20k
- Other
- —
- Benefits
- $29k
- Base
- $161k
- Bonus
- $20k
- Other
- —
- Benefits
- $16k
- Base
- $131k
- Bonus
- $33k
- Other
- —
- Benefits
- $29k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President & CEO Above 90th percentile | $343k | $50k | — | $49k | $473k $504k |
Vice President Above 90th percentile | $268k | $20k | — | $49k | $363k $387k |
COO Above 90th percentile | $249k | $20k | — | $49k | $342k $364k |
Treas and CFO Above 90th percentile | $208k | $20k | — | $49k | $298k $317k |
Quota Manager Unclassified | $168k | $20k | — | $49k | $254k $270k |
Community Benefits Unclassified | $149k | $20k | — | $49k | $233k $248k |
Nssp Dir Unclassified | $162k | $20k | — | $29k | $227k $242k |
Nssp Plant Manager Unclassified | $153k | $20k | — | $29k | $218k $232k |
Corp. Secretary Secretary (Operational) Above 90th percentile | $161k | $20k | — | $16k | $214k $228k |
HR Director Unclassified | $131k | $33k | — | $29k | $207k $220k |
Chairman Board Chair Median to 75th percentile | — | — | — | — | $62k $66k |
Director Board Member 75th to 90th percentile | — | — | — | — | $61k $65k |
Director Board Member 75th to 90th percentile | — | — | — | — | $60k $64k |
Director Board Member 75th to 90th percentile | — | — | — | — | $56k $59k |
Director Board Member 75th to 90th percentile | — | — | — | — | $55k $58k |
Director Board Member 75th to 90th percentile | — | — | — | — | $55k $58k |
Director Board Member Median to 75th percentile | — | — | — | — | $51k $54k |
Director Board Member Median to 75th percentile | — | — | — | — | $50k $53k |
Director Board Member Median to 75th percentile | — | — | — | — | $49k $52k |
Director Board Member Median to 75th percentile | — | — | — | — | $49k $52k |
Director Board Member Median to 75th percentile | — | — | — | — | $49k $52k |
Director Board Member Median to 75th percentile | — | — | — | — | $47k $50k |
Director Board Member Median to 75th percentile | — | — | — | — | $44k $47k |
Director Board Member Median to 75th percentile | — | — | — | — | $39k $42k |
Director Board Member Median to 75th percentile | — | — | — | — | $18k $20k |
Director Board Member 25th percentile to median | — | — | — | — | $11k $12k |
Director Board Member 25th percentile to median | — | — | — | — | $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.
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.
Chief Executive Officer pay rose 18% from 2023 to 2024, while revenue rose 68%.
- Vice President pay rose 10% from 2023 to 2024.
- Chief Operating Officer pay rose 9% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
Norton Sound Economic Development Corporation reported revenue and expenses across 2 filing years.
Common questions about Norton Sound Economic Development Corporation
What does the Chief Executive Officer of Norton Sound Economic Development Corporation earn?
In 2024, the Chief Executive Officer of Norton Sound Economic Development Corporation received $473,086 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at Norton Sound Economic Development Corporation compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at Norton Sound Economic Development Corporation falls in the top 10%.
What are Norton Sound Economic Development Corporation's revenue and expenses?
In 2024, Norton Sound Economic Development Corporation reported $27.5M in total revenue and $35.1M in total expenses on its IRS Form 990.
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