Norton Sound Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 25,794,155 | 14,282,706 | 11,511,449 | 127.4 | 25% |
| 2012 | 28,349,502 | 21,815,051 | 6,534,451 | 94.3 | 15% |
| 2013 | 26,963,250 | 17,881,267 | 9,081,983 | 131.6 | 23% |
| 2014 | 23,743,159 | 21,884,830 | 1,858,329 | 113.1 | 20% |
| 2015 | 24,418,513 | 24,310,082 | 108,431 | 101.7 | 19% |
| 2016 | 27,170,934 | 26,975,801 | 195,133 | 96.2 | 19% |
| 2017 | 37,199,357 | 35,158,502 | 2,040,855 | 79.6 | 19% |
| 2018 | 39,629,685 | 39,776,310 | −146,625 | 71.3 | 17% |
| 2019 | 47,204,366 | 48,594,293 | −1,389,927 | 64.7 | 14% |
| 2020 | 43,295,497 | 44,951,992 | −1,656,495 | 75.4 | 13% |
| 2021 | 59,416,266 | 46,557,366 | 12,858,900 | 81.6 | 13% |
| 2022 | 27,485,239 | 50,285,679 | −22,800,440 | 74.3 | 15% |
| 2023 | 16,364,233 | 39,798,531 | −23,434,298 | 96.5 | 19% |
In its most recent public year (2023), this organization spent $23,434,298 more than it brought in. Its reserves stood at about 96.5 months of spending, down from 127.4 in 2011. Staff pay was 19% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Norton Sound Economic Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works