Civic Intelligence

Haines Economic Development Corporation

990EZ • Fiscal year 2021 • EIN 82-2157210

Jul 01, 2020 to Jun 30, 2021 • Filed on May 12, 2022

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

77th percentile

0.09x

Higher debt load relative to assets than 77% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

76th percentile

0.06x

Higher debt load relative to revenue than 76% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

76th percentile

32%

Higher net margin than 76% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

82nd percentile

$12,922

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 11.8% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

89th percentile

103%

Faster asset growth than 89% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

59th percentile

16%

Faster revenue growth than 59% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$76,633

Up $38,877 (+103%) from 2020

Net Assets

Up

$69,817

Up $34,947 (+100%) from 2020

Liabilities

Up

$6,816

Up $3,930 (+136%) from 2020

Revenue

Up

$109,420

Up $15,333 (+16%) from 2020

Expenses

Down

$74,473

Down $17,345 (-19%) from 2020

Net Income

Up

$34,947

Up $32,678 (+1440%) from 2020

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

2021

Assets$76,633
Liabilities$6,816
Net Assets$69,817

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

2021

Revenue$109,420
Expenses$74,473
Net Income$34,947
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 12, 2022
Return Version
2020v4.0
Gross Receipts
$109,420
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 GOVERNMENT BY PROCESSING CARES ACT GRANTS FOR THE STATE OF ALASKA THROUGH A CONTRACT WITH JUNEAU ECONOMIC DEVELOPMENT COUNCIL-$40,046
CONTRIBUTED TO ECONOMIC AND WORKFORCE DEVELOPMENT BY DEVELOPING A "PIVOT PROGRAM" PROVIDING LOCAL BUSINESSES WITH RESOURCES TO BUILD BUSINESS CAPACITY. ALSO CONTRIBUTED TO ECONOMIC DEVELOPMENT BY CREATING A WEBSITE TO ATTRACT LOCATION NEUTRAL WORKERS TO HAINES.-$29,340
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID SIMMONSFormer Ex. DFT$12,922-$12,922
SALLY ANDERSENExecutive DiPT$3,580-$3,580
GREG SCHLACHTERPresidentPT$0--
SUE CHASENVice-PresidePT$0--
JESSICA EDWARDSSecretaryPT$0--
PHILLIP LENDETreasurerPT$0--
DARSIE CULBECKDirectorPT$0--
SEAN GAFFNEYDirectorPT$0--
SCOTT HANSENDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Haines Economic Development
EIN
82-2157210
Phone
9077663130
Address
PO BOX 1734, HAINES, AK 99827

Signing Officer

Name
Sally Andersen
Title
Executive Director
Phone
9077663130
Signed
2022-05-12
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 773 office 4,679 information technology 1,850 conferences/meetings 403 insurance 1,532 total 9,237

Form 990-ez, Part I, Line 20

PRIOR YEAR ADJUSTMENT 0

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 0 42 total 0 42

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 2,886 6,816

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 29

Contributed to economic and workforce development by developing a "pivot program" providing local businesses with resources to build business capacity. Also contributed to economic development by creating a website to attract location neutral workers to haines.

Raw XML Appendix179 raw XML fields

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 773 OFFICE 4,679 INFORMATION TECHNOLOGY 1,850 CONFERENCES/MEETINGS 403 INSURANCE 1,532 TOTAL 9,237
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR YEAR ADJUSTMENT 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PREPAID EXPENSES AND DEFERRED CHARGES 0 42 TOTAL 0 42
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2,886 6,816
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HAINES 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRIBUTED TO ECONOMIC AND WORKFORCE DEVELOPMENT BY DEVELOPING A "PIVOT PROGRAM" PROVIDING LOCAL BUSINESSES WITH RESOURCES TO BUILD BUSINESS CAPACITY. ALSO CONTRIBUTED TO ECONOMIC DEVELOPMENT BY CREATING A WEBSITE TO ATTRACT LOCATION NEUTRAL WORKERS TO HAINES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 29
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09077663130
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HAINES ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0HAIN
ReturnHeader/Filer/EIN0822157210
ReturnHeader/Filer/PhoneNum09077663130
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ReturnHeader/PreparerPersonGrp/PhoneNum09077893178
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JANELLE ANDERSON
ReturnHeader/ReturnTs02022-05-16T21:03:29-05:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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