2023-11-03T13:13:52-07:00 2022-12-31 920143182 ALTMAN ROGERS & CO 3000 C ST STE 201 ANCHORAGE AK 99503 990 2022-01-01 920143907 KDS Inc CO Norton Sound Economic Development KDSI 9072742248 2701 Gambell Street 400 Anchorage AK 99503 Janis Ivanoff President & CEO 2023-10-25 true Janis Ivanoff 999009999 true Tom J Domagala CPA P00122688 9072742992 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Janis Ivanoff 2701 Gambell Street 400 Anchorage AK 99503 5561948 false X N/A X 2013 AK 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). 15 0 0 0 0 5140395 5561948 0 0 5140395 5561948 0 0 0 0 0 254047 71666 254047 71666 4886348 5490282 30730931 25581255 8795489 0 21935442 25581255 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). false false 71666 5561948 Collected royalties and passed income directly to parent company NSEDC, to fund economic development and other activities in the Norton Sound region. 71666 false false false false false false false false false false false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false true false false true 0 0 true 0 false false false false false false false false false false false X 15 0 false false false false true true false true false false false false false false true false false false X Matt Coates 9072742248 2701 Gambell Street Suite 400 Anchorage AK 99503 Janis Ivanoff President & CEO 1.00 40.00 X 0 294238 64553 Simon Kinneen Vice President 1.00 40.00 X 0 220434 61321 Tyler Rhodes COO 1.00 40.00 X 0 206601 58205 Matt Coates Treasurer & CFO 1.00 40.00 X 0 170191 52043 Wes Jones Quota & Acquisitio 1.00 40.00 0 142342 23277 Paul Ivanoff Community Benefits 1.00 40.00 0 126386 38644 Josh Osborne NSSP Plant Manager 1.00 40.00 0 130148 34243 Justin Noffsker NSSP Director 1.00 40.00 0 128535 33646 Kathy Wheelehan Secretary 1.00 40.00 X 0 137964 23032 Frank Doty NSSP Plant Manager 1.00 40.00 0 123826 21605 Frank Katchatag Chairman 1.00 8.00 X X 0 62005 0 Milton Cheemuk Director 1.00 8.00 X 0 57607 0 Dan Harrelson Director 1.00 8.00 X 0 56222 0 Harvey Sookiayak Director 1.00 8.00 X 0 53852 0 Oscar Takak Director 1.00 8.00 X 0 50943 0 Sara Seetot Director 1.00 8.00 X 0 50061 0 Morris Nashoanak Director 1.00 8.00 X 0 49035 0 Joel James Director 1.00 8.00 X 0 48604 0 James Sherman Director 1.00 8.00 X 0 47427 0 Dean Peterson Director 1.00 8.00 X 0 45429 0 Truman Kava Director 1.00 8.00 X 0 45397 0 Melvin Otton Director 1.00 8.00 X 0 44869 0 Joe Garnie Director 1.00 8.00 X 0 42012 0 Frances Ozenna Director 1.00 8.00 X 0 38229 0 Frank Oxereok Director 1.00 8.00 X 0 21633 0 Anna Oxereok Director 1.00 8.00 X 0 17092 0 Arthur Amaktoolik Director 1.00 8.00 X 0 12376 0 Preston Rookok Director 1.00 8.00 X 0 10968 0 2434426 410569 0 false true false 0 0 Royalty Revenue 110000 5561948 5561948 5561948 0 0 0 0 0 0 0 0 0 5561948 5561948 X 0 0 0 0 0 0 0 0 0 0 0 0 3300 3300 0 0 0 68366 68366 0 0 0 0 0 0 0 0 0 0 0 0 0 71666 71666 0 0 1672394 599040 0 0 5058537 982215 0 0 0 0 0 0 0 0 0 24000000 24000000 0 30730931 25581255 1979 8793510 8795489 0 X 21935442 25581255 21935442 25581255 30730931 25581255 X 5490282 -1844469 X false true X true false X Part X : FIN48 Footnote The Company adopted the provisions of Topic 740 of the FASB Accounting Standards Codification relating to accounting for uncertainty in income taxes. As a result of the implementation of ASC 740, the Company made a comprehensive review of its portfolio of uncertain tax positions in accordance with recognition standards established by ASC 740. The Company is exempt from income taxes as a nonprofit corporation under Section 501(c) (4) of the Internal Revenue Code. The Companys policy is to recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. There is no interest or penalties accrued at December 31, 2022 and 2021. At year end there are no uncertain tax positions. The prior three years of tax returns remain subject to examination by state and federal taxing agencies. false false false Wes Jones Quota & Acquisitio 142342 10340 12937 165619 Josh Osborne NSSP Plant Manager 130148 9548 24695 164391 Paul Ivanoff Community Benefits 126386 9122 29522 165030 Justin Noffsker NSSP Director 128535 8951 24695 162181 Janis Ivanoff President & CEO 274238 20000 23200 41353 358791 Simon Kinneen Vice President 220434 19968 41353 281755 Tyler Rhodes COO 206601 16852 41353 264806 Matt Coates Treasurer & CFO 170191 10690 41353 222234 Kathy Wheelehan Secretary 117964 20000 10095 12937 160996 Form 990, Part VI, Section A, Line 6 KDS Inc. is 100% owned by Norton Sound Economic Development Corporation (NSEDC), EIN 86-0710582, which is tax exempt under IRC 501(C)(4). NSEDC has 15 member communities, all with the same class and rights. Form 990, Part VI, Section A, Line 8b There were no Committee meetings during the year. Form 990, Part VI, Section B, Line 11b The CEO and the CFO review the form 990 prior to filing. Form 990, Part VI, Section C, Line 19 Documents are made available upon request. Form 990, Part XI, Line 9 Transfer to Norton Sound Economic Development Corporation = -$1844469 Norton Sound Economic Development Corp 2701 Gambell Street Suite 400 Anchorage AK 99503 860710582 To promote economic development. AK 501(c)(4) N/A false Norton Sound Fund 2701 Gambell Street Suite 400 Anchorage AK 99503 920166389 Receive funds and distribute grants AK 501(c)(3) Private Foundation NSEDC false Glacier Fish Company 2001 West Garfield Street Seattle WA 98119 911875007 Fishing WA NSEDC false false Siku Holdings LLC 2701 Gambell St Suite 400 Anchorage AK 99503 371732494 Holding company AK SIU Alaska Corp false false Aleutian #1 LLC 2701 Gambell St Suite 400 Anchorage AK 99503 203124237 Fishing AK Siku Holdings LLC false false Patricia Lee LLC 2701 Gambell St Suite 400 Anchorage AK 99503 462857849 Fishing AK Siku Holdings LLC false false Siu Alaska Corporation 2701 Gambell St Suite 400 Anchorage AK 99503 233921286 Holding company AK NSEDC C Corp false false false false false false false false false false false false false false false true true false true true Norton Sound Economic Development Corp o 56799 Agreement Alloc Norton Sound Economic Development Corp p 12468 Agreement Alloc Norton Sound Economic Development Corp r 1844469 Cash Value Norton Sound Economic Development Corp s 844469 Royalty Value