Civic Intelligence

Haines Economic Development Corporation

990EZ • Fiscal year 2020 • EIN 82-2157210

Jul 01, 2019 to Jun 30, 2020 • Filed on May 12, 2021

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

0.08x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

68th percentile

0.03x

Higher debt load relative to revenue than 68% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

46th percentile

2.4%

Higher net margin than 46% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$55,385

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 58.9% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

58th percentile

11%

Faster asset growth than 58% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

61st percentile

-2.4%

Faster revenue growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$37,756

Up $3,599 (+11%) from 2019

Net Assets

Up

$34,870

Up $2,268 (+7.0%) from 2019

Liabilities

Up

$2,886

Up $1,331 (+86%) from 2019

Revenue

Down

$94,087

Down $2,358 (-2.4%) from 2019

Expenses

Down

$91,818

Down $14,868 (-14%) from 2019

Net Income

Up

$2,269

Up $12,510 (+122%) from 2019

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

2020

Assets$37,756
Liabilities$2,886
Net Assets$34,870

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

2020

Revenue$94,087
Expenses$91,818
Net Income$2,269
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 12, 2021
Return Version
2019v5.0
Gross Receipts
$94,087
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
HEDC ACTED AS A COMMUNITY NAVIGATOR IN PROVIDING TECHNICAL ASSISTANCE FOR COVID-19 RELIEF PROGRAMS. NUMBER OF CLIENTS SERVED IS APPROXIMATELY 150. COORDINATED WITH OTHER ECONOMIC DEVELOPMENT AGENCIES TO DISSEMINATE INFORMATION ON COVID RELIEF PROGRAMS. COLLABORATED WITH HAINES BOROUGH AND HAINES CHAMBER OF COMMERCE ON RELIEF PROGRAMS AND ECONOMIC DEVELOPMENT INITIATIVES. RESEARCHED AND WROTE GRANTS TO PROMOTE ECONOMIC DEVELOPMENT IN THE CHILKAT VALLEY.$2,669$92,282
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARGARET FRIEDENAUERFormer Ex. DFT$55,385-$55,385
MIKE WARDFormer Direc-$0--
DOUGLAS OLERUDFormer Direc-$0--
HARRY REITZEFormer Direc-$0--
SUE CHASENDirector-$0--
SEAN GAFFNEYTreasurer-$0--
JESSICA EDWARDSSecretary-$0--
GREG SCHLACHTERVice-Preside-$0--
HEATHER SHADEPresident-$0--
Filing and Contact Details

Filer

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

Signing Officer

Name
Sally Andersen
Title
Executive Director
Phone
9077663130
Signed
2021-05-12
Discuss with paid preparer
Yes

Preparer

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

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 918 office 2,517 information technology 169 travel 3,309 conferences/meetings 1,040 insurance 1,417 staff & board development 850 direct program expenses 12,734 misc exp 41 total 22,995

Form 990-ez, Part I, Line 20

PRIOR YEAR ADJUSTMENT 0

Form 990-ez, Part II, Line 24

Accounts receivable 42 0 total 42 0

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 1,556 2,886

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

Hedc acted as a community navigator in providing technical assistance for covid-19 relief programs. Number of clients served is approximately 150. Coordinated with other economic development agencies to disseminate information on covid relief programs. Collaborated with haines borough and haines chamber of commerce on relief programs and economic development initiatives. Researched and wrote grants to promote economic development in the chilkat valley.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 918 OFFICE 2,517 INFORMATION TECHNOLOGY 169 TRAVEL 3,309 CONFERENCES/MEETINGS 1,040 INSURANCE 1,417 STAFF & BOARD DEVELOPMENT 850 DIRECT PROGRAM EXPENSES 12,734 MISC EXP 41 TOTAL 22,995
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5HEDC ACTED AS A COMMUNITY NAVIGATOR IN PROVIDING TECHNICAL ASSISTANCE FOR COVID-19 RELIEF PROGRAMS. NUMBER OF CLIENTS SERVED IS APPROXIMATELY 150. COORDINATED WITH OTHER ECONOMIC DEVELOPMENT AGENCIES TO DISSEMINATE INFORMATION ON COVID RELIEF PROGRAMS. COLLABORATED WITH HAINES BOROUGH AND HAINES CHAMBER OF COMMERCE ON RELIEF PROGRAMS AND ECONOMIC DEVELOPMENT INITIATIVES. RESEARCHED AND WROTE GRANTS TO PROMOTE ECONOMIC DEVELOPMENT IN THE CHILKAT VALLEY.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/ReturnTs02021-05-17T21:25:45-05:00
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ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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