Kds Inc
- Assets
- $30.7m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 92-0143907
Organization Overview
Kds Inc is located in Anchorage, AK. The organization was established in 2014. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kds Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2021, Kds Inc generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $254.0k during the year ending 12/2021. 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
KDS, INC. HOLDS TITLE TO PROPERTY FOR NORTON SOUND DEVELOPMENT CORPORATION (NSEDC), EIN 86-0710852, WHICH IS TAX EXEMPT UNDER 501(C)(4). NSEDC'S PURPOSE IS TO PROMOTE ECONOMIC DEVELOPMENT IN THE NORTON SOUND REGION AS A PARTICIPANT IN THE COMMUNITY DEVELOPMENT QUOTA PROGRAM WHICH USES QUOTA SHARE INCOME TO FUND ECONOMIC DEVELOPMENT ACTIVITIES IN MEMBER VILLAGES IN WESTERN ALASKA, IN ACCORDANCE WITH SECTION 305(I)(1) OF THE MAGNUSON-STEVENS FISHERY CONSERVATION AND MANAGEMENT ACT, CODIFIED AT 16 USC 1855(I)(1).
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTED ROYALTIES AND PASSED INCOME DIRECTLY TO PARENT COMPANY NSEDC, TO FUND ECONOMIC DEVELOPMENT AND OTHER ACTIVITIES IN THE NORTON SOUND REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Katchatag Chairman | OfficerTrustee | 1 | $0 |
Simon Kinneen VP And Acq. Mgr | Officer | 1 | $0 |
Matt Coates Treasurer & CFO | Officer | 1 | $0 |
Kathy Wheelehan Secretary | Officer | 1 | $0 |
Tyler Rhodes COO | Officer | 1 | $0 |
Janis Ivanoff President & CEO | Officer | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,140,395 |
| Investment income | $0 |
| 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 | $5,140,395 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,909 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $176,905 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $254,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,672,394 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,058,537 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $24,000,000 |
| Other assets | $0 |
| Total assets | $30,730,931 |
| Accounts payable and accrued expenses | $1,979 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $8,793,510 |
| Total liabilities | $8,795,489 |
| Net assets without donor restrictions | $21,935,442 |
| 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 | $30,730,931 |
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