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Nonprofiteer
← KODIAK ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by KODIAK ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$299,742
Total expenses
$247,948
Contributions and grants received
$299,742
Grants paid
$197,631
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$70,619
Total liabilities, end of year
$1
Net assets or fund balances, end of year
$70,618
Program services expenses (Part IX)
$230,020
Management and general expenses
$17,928
Fundraising expenses
$0
Program service expenses (Part III)
$230,020

Program services were 92.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $284,742

  • 1f · All other contributions, gifts and grants

    $15,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $197,631 · program services $197,631

  • 11a · Fees: management

    total $24,825 · program services $17,325 · management and general $7,500

  • 11c · Fees: accounting

    total $4,267 · management and general $4,267

  • 12 · Advertising and promotion

    total $1,050 · program services $1,050

  • 17 · Travel

    total $2,736 · program services $2,736

  • 19 · Conferences, conventions and meetings

    total $1,431 · program services $1,431

  • 23 · Insurance

    total $1,023 · management and general $1,023

  • 24a · Other expenses: BANK FEES

    total $330 · management and general $330

  • 24b · Other expenses: BOOKS SUBSCRIPTIONS REFERENC

    total $2,348 · program services $783 · management and general $1,565

  • 24c · Other expenses: TRAINING

    total $4,489 · program services $4,489

  • 24d · Other expenses: SUPPLIES

    total $1,223 · program services $1,223

  • 24e · All other expenses

    total $6,595 · program services $3,352 · management and general $3,243

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,824 · end of year $70,619

  • 17 · Accounts payable and accrued expenses

    end of year $1

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $38,500 · end of year $38,500

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$19,676 · end of year $32,118

Mission and programs · 2022

Mission

Economic Development & Resiliency on Kodiak Island

  • KEDC continues to work on developing a community land trust to address the need for affordable workforce housing

    Expenses $230,020

  • Continue to expand KEDC within the community by holding a workforce development career expo and job fair

  • Continued work managing grants for kelp production

As filed on the 2022 return.

Listed in Part VII

  • Jascha Zbitnoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Pfeffer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cyndy Mika

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ed Hernaez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Panamaroff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cooper Curtis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Zadina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Whiddon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    25

  • Karl Hertz

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Mark Anderson

    SECY TREASURER

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • BLUE EVOLUTION

    $158,799

  • SIDUK

    $24,000

  • OCEAN RAIN FOREST

    $21,042

Provenance

Return type
form_990
Tax year
2022
Filed
2 September 2023
IRS schema version
2022v5.0
Source object
202332479349300803

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