Prince William Sound Economic Development Council-District
- Assets
- $38.2k
- Revenue
- $53.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Cordova, AK
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 92-0137903
Organization Overview
Prince William Sound Economic Development Council-District is located in Cordova, AK. The organization was established in 1999. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prince William Sound Economic Development Council-District is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Prince William Sound Economic Development Council-District generated $53.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $56.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO SERVE AS A FORUM FOR THE DISCUSSION OF REGIONAL ECONOMIC ISSUES AND TO FOSTER ECONOMIC GROWTH AND RESPONSIBLE DEVELOPMENT IN THE COMMUNITIES OF PRINCE WILLIAM SOUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDA PPP (PARTNERSHIP PLANNING PROGRAM) - ECONOMIC DEVELOPMENT PLANNING FOR REMOTE COMMUNITIES IN PRINCE WILLIAM SOUND.
EDA CARES - ADOPTED AND BEGAN IMPLEMENTING PRINCE WILLIAM SOUND REGIONAL COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY (CEDS).
EDA BBB RC ALASKA MARICULTURE CLUSTER - PARTNERSHIP PLANNING TO SUPPORT CATALYZING INVESTMENT IN MARICULTURE IN COASTAL ALASKA COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Wells Secretary | Trustee | 2 | $0 |
Nanci Robart Director | Trustee | 2 | $0 |
Helen Howarth President | Trustee | 2 | $0 |
Mark Detter Treasurer | Trustee | 2 | $0 |
Patience Andersen Faulkner Director | Trustee | 2 | $0 |
Dan Blair Vice President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,286 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,286 |
| Total Program Service Revenue | $0 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,447 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $557 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $960 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,150 |
| Travel | $4,727 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,414 |
| All other expenses | $11 |
| Total functional expenses | $56,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,897 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,276 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,173 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $16,168 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52 |
| Total liabilities | $16,220 |
| Net assets without donor restrictions | $21,953 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $38,173 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marine Stewardship Council Limited Tukwila, WA | $407,315 | $4,510,365 |
Climate Solutions Seattle, WA | $3,725,442 | $5,349,658 |
Alaska Conservation Foundation Anchorage, AK | $13,696,231 | $4,020,029 |
Copper River Watershed Project Cordova, AK | $470,340 | $3,092,838 |
The Mountains To Sound Greenway Tr Seattle, WA | $4,129,011 | $3,302,694 |
Kenai Watershed Forum Soldotna, AK | $1,720,330 | $2,666,238 |
Washington Resource Conservation And Development Council Yakima, WA | $650,377 | $1,913,567 |
Anchorage Park Foundation Anchorage, AK | $1,708,680 | $1,798,936 |
Tyonek Tribal Conservation District Anchorage, AK | $431,854 | $1,572,192 |
Sitka Conservation Society Sitka, AK | $936,343 | $1,300,441 |
Seattle Audubon Society Seattle, WA | $3,908,720 | $1,422,392 |
Ahtna Intertribal Resource Commission Glennallen, AK | $1,153,430 | $1,184,316 |