Civic Intelligence

Haines Economic Development Corporation

990EZ • Fiscal year 2019 • EIN 82-2157210

Jul 01, 2018 to Jun 30, 2019 • Filed on May 17, 2020

PO Box 1734Haines, AK 99827

(907) 766-3130

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.05x

Higher debt load relative to assets than 73% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

23rd percentile

-11%

Higher net margin than 23% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

87th percentile

$32,308

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 33.5% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

17th percentile

-27%

Faster asset growth than 17% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

46th percentile

-1.0%

Faster revenue growth than 46% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$34,157

Down $12,839 (-27%) from 2018

Net Assets

$32,602

No earlier filing loaded for comparison.

Liabilities

Up

$1,555

Up $1,555 from 2018

Revenue

Down

$96,445

Down $975 (-1.0%) from 2018

Expenses

Up

$106,686

Up $56,262 (+112%) from 2018

Net Income

Down

-$10,241

Down $57,237 (-122%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100K$50K$0-$50KAssets 2018: $46,996Liabilities 2018: $02018Assets 2019: $34,157Liabilities 2019: $1,555Net Assets 2019: $32,6022019Assets 2020: $37,756Liabilities 2020: $2,886Net Assets 2020: $34,8702020Assets 2021: $76,633Liabilities 2021: $6,816Net Assets 2021: $69,8172021Assets 2022: $30,078Liabilities 2022: $72,005Net Assets 2022: -$41,9272022Assets 2023: $71,264Liabilities 2023: $5,055Net Assets 2023: $66,2092023Assets 2024: $75,979Net Assets 2024: $75,9792024

Highlighted filing

2019

Assets$34,157
Liabilities$1,555
Net Assets$32,602

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2018: $97,420Expenses 2018: $50,424Net Income 2018: $46,9962018Revenue 2019: $96,445Expenses 2019: $106,686Net Income 2019: -$10,2412019Revenue 2020: $94,087Expenses 2020: $91,818Net Income 2020: $2,2692020Revenue 2021: $109,420Expenses 2021: $74,473Net Income 2021: $34,9472021Revenue 2022: $357,746Expenses 2022: $469,490Net Income 2022: -$111,7442022Revenue 2023: $185,782Expenses 2023: $77,646Net Income 2023: $108,1362023Revenue 2024: $129,658Expenses 2024: $119,888Net Income 2024: $9,7702024

Highlighted filing

2019

Revenue$96,445
Expenses$106,686
Net Income-$10,241
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 17, 2020
Return Version
2018v3.2
Gross Receipts
$96,445
Mission and Program Overview

Mission

Haines economic development corp. Is organized and operated exclusively for the purpose of lessening the burdens on government. Haines economic development corp. Is a nonprofit corporation with a mission to realize economic development in haines borough through research, community engagement, and strategic planning.

Program Services

DescriptionGrantsExpenses
LESSENED THE BURDEN OF GOVERNEMENT BY PARTNERING WITH THE ALASKA SMALL BUSINESS DEVELOPMENT CENTER AND WAS CHOSEN AS ONE OF FIVE RURAL COMMUNITIES ACROSS THE STATE TO RECEIVE INCREASED TRAINING, INCLUDING BUSINESS PLAN DEVELOPMENT AND FINANCIAL PROJECTIONS FOR YOUR BUSINESS WORKSHOPS AND RESOURCES, INCLUDING COMPUTER WORK STATION FOR CLIENTS RECEIVING BUSINESS ADVISING SERVICES, FROM SBDC IN 2019. PROVIDED ADVERTISING AND OUTREACH SUPPORT FOR WORKSHOPS AND ADVISING OPPORTUNITIES. TWO WORKSHOP SERIES WERE HELD IN FALL 2018 AND TWO SERIES IN SPRING 2019. MORE PLANNED FOR FALL 2019. HEDC WROTE LETTER OF SUPPORT TO USDA FOR CONTINUED SUPPORT OF RURAL OUTREACH PROGRAMS.-$12,500
LESSENED THE BURDEN OF GOVERNEMENT BY COMPLETING AN ECONOMIC BASELINE REPORT OF HAINES IN CONJUNCTION WITH MCDOWELL GROUP. THE BASELINE REPORT SERVES AS THE FOUNDATIONAL DOCUMENT FOR THE FIVE-YEAR ECONOMIC PLAN FOR HAINES AND IS A STANDARD AGAINST WHICH TO MEASURE PROGRESS TOWARD ECONOMIC DEVELOPMENT GOALS. (PUBLISHED AUG. 3, 2018) COMPLETED A FIVE-YEAR ECONOMIC DEVELOPMENT PLAN. THE PLAN IS FOR THE COMMUNITY AND SERVES AS A BLUEPRINT FOR HOW HEDC WILL FACILITATE ECONOMIC DEVELOPMENT OVER THE NEXT FIVE YEARS.-$10,000
LESSENED THE BURDEN OF GOVERNEMENT BY DRAFTING A SCOPING DOCUMENT FOR A SOCIO-ECONOMIC ANALYSIS OF THE UNIVERSITY OF ALASKA HAINES TIMBER SALE. SCOPING DOCUMENT WAS FORWARDED TO UNIVERSITY LANDS DEPARTMENT AND BOARD OF REGENTS. QUESTIONS POSED IN SCOPING DOCUMENT WILL BE ADDRESSED ONCE MORE INFORMATION ABOUT THE SALE AND OPERATIONS PLAN BECOMES AVAILABLE.-$8,000
PROVIDED RESEARCH ABOUT AMAZON COLLECTING SALES TAX ON LOCAL PURCHASES BEGINNING JAN. 1, 2019. CONTACTED OTHER COMMUNITIES TO GATHER INFORMATION, MET WITH BOROUGH TO PASS ALONG RESEARCH, POSTED STATEMENT FROM BOROUGH ON HEDC FACEBOOK PAGE ABOUT AMAZON SALES TAX COLLECTION. HEDC ALSO PROVIDED INFORMATION ABOUT SALES TAX COLLECTION FROM ONLINE SALES WHEN THE SUPREME COURT CASE WAS INITIALLY ANNOUNCED. THE BOROUGH THEN PARTNERED WITH AML TO MOVE FORWARD WITH THIS ISSUE.-$5,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARGARET FRIEDENAUERExecutive DiFT$32,308-$32,308
MIKE WARDDirectorPT$0--
DOUGLAS OLERUDDirectorPT$0--
SUE CHASENDirectorPT$0--
SEAN GAFFNEYVice PresidePT$0--
JESSICA EDWARDSSecretaryPT$0--
GREG SCHLACHTERTreasurerPT$0--
HEATHER SHADEPresidentPT$0--
Filing and Contact Details

Filer

Filer Name
Haines Economic Development
EIN
82-2157210
Address
PO BOX 1734, HAINES, AK 99827

Signing Officer

Name
Margaret Friedenauer
Title
Executive Director
Phone
9077663130
Signed
2020-05-17
Discuss with paid preparer
Yes

Preparer

Firm
Elgee Rehfeld LLC
Address
9309 GLACIER HWY STE B200, JUNEAU, AK 99801-9300
Preparer
Robert L Rehfeld
Phone
9077893178
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 2,167 office 3,606 travel 5,397 insurance 1,374 staff & board development 3,955 direct program expenses 2,424 total 18,923

Form 990-ez, Part I, Line 20

Prior year adjustment -4,153

Form 990-ez, Part II, Line 24

Accounts receivable 0 42 total 0 42

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 1,555

Form 990-ez, Part III

Haines economic development corp. Is organized and operated exclusively for the purpose of lessening the burdens on government. Haines economic development corp. Is a nonprofit corporation with a mission to realize economic development in haines borough through research, community engagement, and strategic planning.

Form 990-ez, Part III, Line 28

Lessened the burden of governement by completing an economic baseline report of haines in conjunction with mcdowell group. The baseline report serves as the foundational document for the five-year economic plan for haines and is a standard against which to measure progress toward economic development goals. (published aug. 3, 2018) completed a five-year economic development plan. The plan is for the community and serves as a blueprint for how hedc will facilitate economic development over the next five years.

Form 990-ez, Part III, Line 29

Lessened the burden of governement by drafting a scoping document for a socio-economic analysis of the university of alaska haines timber sale. Scoping document was forwarded to university lands department and board of regents. Questions posed in scoping document will be addressed once more information about the sale and operations plan becomes available.

Form 990-ez, Part III, Line 30

Lessened the burden of governement by partnering with the alaska small business development center and was chosen as one of five rural communities across the state to receive increased training, including business plan development and financial projections for your business workshops and resources, including computer work station for clients receiving business advising services, from sbdc in 2019. Provided advertising and outreach support for workshops and advising opportunities. Two workshop series were held in fall 2018 and two series in spring 2019. More planned for fall 2019. Hedc wrote letter of support to usda for continued support of rural outreach programs.

Form 990-ez, Part III, Line 31

Provided research about amazon collecting sales tax on local purchases beginning jan. 1, 2019. Contacted other communities to gather information, met with borough to pass along research, posted statement from borough on hedc facebook page about amazon sales tax collection. Hedc also provided information about sales tax collection from online sales when the supreme court case was initially announced. The borough then partnered with aml to move forward with this issue.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 2,167 OFFICE 3,606 TRAVEL 5,397 INSURANCE 1,374 STAFF & BOARD DEVELOPMENT 3,955 DIRECT PROGRAM EXPENSES 2,424 TOTAL 18,923
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LESSENED THE BURDEN OF GOVERNEMENT BY COMPLETING AN ECONOMIC BASELINE REPORT OF HAINES IN CONJUNCTION WITH MCDOWELL GROUP. THE BASELINE REPORT SERVES AS THE FOUNDATIONAL DOCUMENT FOR THE FIVE-YEAR ECONOMIC PLAN FOR HAINES AND IS A STANDARD AGAINST WHICH TO MEASURE PROGRESS TOWARD ECONOMIC DEVELOPMENT GOALS. (PUBLISHED AUG. 3, 2018) COMPLETED A FIVE-YEAR ECONOMIC DEVELOPMENT PLAN. THE PLAN IS FOR THE COMMUNITY AND SERVES AS A BLUEPRINT FOR HOW HEDC WILL FACILITATE ECONOMIC DEVELOPMENT OVER THE NEXT FIVE YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6LESSENED THE BURDEN OF GOVERNEMENT BY DRAFTING A SCOPING DOCUMENT FOR A SOCIO-ECONOMIC ANALYSIS OF THE UNIVERSITY OF ALASKA HAINES TIMBER SALE. SCOPING DOCUMENT WAS FORWARDED TO UNIVERSITY LANDS DEPARTMENT AND BOARD OF REGENTS. QUESTIONS POSED IN SCOPING DOCUMENT WILL BE ADDRESSED ONCE MORE INFORMATION ABOUT THE SALE AND OPERATIONS PLAN BECOMES AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7LESSENED THE BURDEN OF GOVERNEMENT BY PARTNERING WITH THE ALASKA SMALL BUSINESS DEVELOPMENT CENTER AND WAS CHOSEN AS ONE OF FIVE RURAL COMMUNITIES ACROSS THE STATE TO RECEIVE INCREASED TRAINING, INCLUDING BUSINESS PLAN DEVELOPMENT AND FINANCIAL PROJECTIONS FOR YOUR BUSINESS WORKSHOPS AND RESOURCES, INCLUDING COMPUTER WORK STATION FOR CLIENTS RECEIVING BUSINESS ADVISING SERVICES, FROM SBDC IN 2019. PROVIDED ADVERTISING AND OUTREACH SUPPORT FOR WORKSHOPS AND ADVISING OPPORTUNITIES. TWO WORKSHOP SERIES WERE HELD IN FALL 2018 AND TWO SERIES IN SPRING 2019. MORE PLANNED FOR FALL 2019. HEDC WROTE LETTER OF SUPPORT TO USDA FOR CONTINUED SUPPORT OF RURAL OUTREACH PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PROVIDED RESEARCH ABOUT AMAZON COLLECTING SALES TAX ON LOCAL PURCHASES BEGINNING JAN. 1, 2019. CONTACTED OTHER COMMUNITIES TO GATHER INFORMATION, MET WITH BOROUGH TO PASS ALONG RESEARCH, POSTED STATEMENT FROM BOROUGH ON HEDC FACEBOOK PAGE ABOUT AMAZON SALES TAX COLLECTION. HEDC ALSO PROVIDED INFORMATION ABOUT SALES TAX COLLECTION FROM ONLINE SALES WHEN THE SUPREME COURT CASE WAS INITIALLY ANNOUNCED. THE BOROUGH THEN PARTNERED WITH AML TO MOVE FORWARD WITH THIS ISSUE.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-06-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT L REHFELD
ReturnHeader/ReturnTs02020-06-25T18:46:33-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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