Norton Sound Economic
To develop and sustain new and ongoing economic activity in the Norton Sound region. The Company's mission outlines its intentions to provide a balance between local economic development oriented towards the residents in the region and active participation in the distant-water fisheries in the Bering Sea and Aleutian Islands. The Company implements programs to educate, train, and employ people of the region; build infrastructure to help support the new and existing fisheries; start new fisheries through locally initiated development efforts; support the local salmon, herring, crab, and halibut fishermen; restore salmon runs in the region for both commercial and subsistence users; provide loans for gear, vessels, and secure equity interests in companies and vessels. The Company has not entered into any significant long-term agreements or commitments other than its agreements with the harvesters of its CDQ allocations.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$400.6M
+2.4% YoY
Annual Giving
$6.3M
-6.4% YoY
Grant Count
46
-2.1% YoY
Avg Grant Size
$137K
-4.4% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $400,589,554 | $391,353,465 | $379,957,471 |
| Revenue | $27,468,923 | $16,364,233 | $27,485,239 |
| Expenses | $35,135,339 | $39,798,531 | $50,285,679 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,335,555 | $-6,016,665 | $-9,236,817 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
223 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Norton Sound Economic fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Janis Ivanoff | President & CEO | 40 | $393,137 |
| Simon Kinneen | Vice President | 40 | $288,401 |
| Tyler Rhodes | COO | 40 | $268,638 |
| Matt Coates | Treas and CFO | 40 | $228,097 |
| Wes Jones | Quota Manager | 40 | $188,066 |
| PAul Ivanoff | Community Benefits | 40 | $168,799 |
| Justin Noffsker | NSSP Dir | 40 | $181,895 |
| Josh Osborne | NSSP Plant Manager | 40 | $173,477 |
| Kathy Wheelehan | Corp. Secretary | 40 | $181,434 |
| Leslie Ladegard | HR Director | 40 | $163,211 |
| Frank Katchatag | Chairman | 8 | $61,998 |
| Milton Cheemuk | Director | 8 | $60,727 |
| James Sherman | Director | 8 | $60,280 |
| Dean Peterson | Director | 8 | $55,797 |
| Harvey Sookiayak | Director | 8 | $54,924 |
| Daniel Harrelson | Director | 8 | $54,855 |
| Anna Oxereok | Director | 8 | $50,929 |
| Shirley Antoghame | Director | 8 | $50,117 |
| Frieda Southall | Director | 8 | $49,116 |
| Preston Rookok | Director | 8 | $49,098 |
| Morris Nashoanak | Director | 8 | $48,547 |
| Joseph Garnie | Director | 8 | $46,836 |
| Melvin Otton | Director | 8 | $44,356 |
| Arthur Amaktoolik | Director | 8 | $39,404 |
| Samantha Ozenna | Director | 8 | $18,335 |
| Frances Ozenna | Director | 8 | $11,415 |
| Ronald Daniels | Director | 8 | $6,304 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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