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
- 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 | $343k | $50k | — | $49k | $473k $504k |
Vice President vice president | $268k | $20k | — | $49k | $363k $387k |
COO | $249k | $20k | — | $49k | $342k $364k |
Treas and CFO | $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) | $161k | $20k | — | $16k | $214k $228k |
HR Director unclassified | $131k | $33k | — | $29k | $207k $220k |
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.
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.
Revenue and expenses over time
Norton Sound Economic Development Corporation reported revenue and expenses across 2 filing years.
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