Civic Intelligence

Kds Inc

990 • Fiscal year 2017 • EIN 92-0143907

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 26, 2018

Organization ProfileN/A
2701 Gambell StreetAnchorage, AK 99503

(907) 274-2248

Siviq Scores

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

Liabilities / Assets

81st percentile

0.66x

Higher debt load relative to assets than 81% of similar nonprofits.

2017 filings • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

8.87x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • $25M-$50M nonprofits • Source year 2017

Net Margin

95th percentile

75%

Higher net margin than 95% of similar nonprofits.

2017 filings • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

29th percentile

0.2%

Faster asset growth than 29% of similar nonprofits.

2017 filings • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

6th percentile

-34%

Faster revenue growth than 6% of similar nonprofits.

2017 filings • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$25,753,730

Up $53,013 (+0.2%) from 2016

Net Assets

Up

$8,646,338

Up $1,439,222 (+20%) from 2016

Liabilities

Down

$17,107,392

Down $1,386,209 (-7.5%) from 2016

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin95th percentile

Revenue

Down

$1,928,724

Down $977,263 (-34%) from 2016

Expenses

Up

$489,502

Up $114,037 (+30%) from 2016

Net Income

Down

$1,439,222

Down $1,091,300 (-43%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$40M$30M$20M$10M$0Assets 2013: $24,212,374Liabilities 2013: $23,246,563Net Assets 2013: $965,8112013Assets 2014: $23,738,877Liabilities 2014: $21,299,365Net Assets 2014: $2,439,5122014Assets 2015: $24,469,804Liabilities 2015: $19,793,210Net Assets 2015: $4,676,5942015Assets 2016: $25,700,717Liabilities 2016: $18,493,601Net Assets 2016: $7,207,1162016Assets 2017: $25,753,730Liabilities 2017: $17,107,392Net Assets 2017: $8,646,3382017Assets 2018: $24,492,224Liabilities 2018: $14,459,898Net Assets 2018: $10,032,3262018Assets 2019: $28,103,570Liabilities 2019: $13,171,982Net Assets 2019: $14,931,5882019Assets 2020: $27,246,904Liabilities 2020: $10,197,810Net Assets 2020: $17,049,0942020Assets 2021: $30,730,931Liabilities 2021: $8,795,489Net Assets 2021: $21,935,4422021Assets 2022: $25,581,255Liabilities 2022: $0Net Assets 2022: $25,581,2552022Assets 2023: $31,660,699Liabilities 2023: $3,400Net Assets 2023: $31,657,2992023Assets 2024: $28,044,895Liabilities 2024: $7,553Net Assets 2024: $28,037,3422024

Highlighted filing

2017

Assets$25,753,730
Liabilities$17,107,392
Net Assets$8,646,338
Open 2017 Filing

Operations Trend

Revenue Growth6th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2013: $1,912,057Expenses 2013: $884,168Net Income 2013: $1,027,8892013Revenue 2014: $2,032,062Expenses 2014: $558,361Net Income 2014: $1,473,7012014Revenue 2015: $1,812,611Expenses 2015: $375,529Net Income 2015: $1,437,0822015Revenue 2016: $2,905,987Expenses 2016: $375,465Net Income 2016: $2,530,5222016Revenue 2017: $1,928,724Expenses 2017: $489,502Net Income 2017: $1,439,2222017Revenue 2018: $1,997,407Expenses 2018: $611,419Net Income 2018: $1,385,9882018Revenue 2019: $5,468,195Expenses 2019: $568,933Net Income 2019: $4,899,2622019Revenue 2020: $2,452,541Expenses 2020: $335,035Net Income 2020: $2,117,5062020Revenue 2021: $5,140,395Expenses 2021: $254,047Net Income 2021: $4,886,3482021Revenue 2022: $5,561,948Expenses 2022: $71,666Net Income 2022: $5,490,2822022Revenue 2023: $6,149,405Expenses 2023: $73,361Net Income 2023: $6,076,0442023Revenue 2024: $3,456,954Expenses 2024: $76,911Net Income 2024: $3,380,0432024

Highlighted filing

2017

Revenue$1,928,724
Expenses$489,502
Net Income$1,439,222
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 26, 2018
Return Version
2017v2.2
Gross Receipts
$5,571,332
Mission and Program Overview

Mission

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).

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$24,000,000$24,000,000→ $0
Cash and Non-Interest-Bearing Accounts$1,082,095$1,753,730▲ $671,635
Inventories for Sale or Use$618,622$0▼ $618,622
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$25,700,717$25,753,730▲ $53,013
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$15,734,707$14,337,187▼ $1,397,520
Other Liabilities$2,758,894$2,770,205▲ $11,311
Total Liabilities$18,493,601$17,107,392▼ $1,386,209
Net Assets / Fund Balance
Unrestricted Net Assets$7,207,116$8,646,338▲ $1,439,222
Total Net Assets Fund Balance$7,207,116$8,646,338▲ $1,439,222
Total Liabilities and Net Assets / Fund Balance$25,700,717$25,753,730▲ $53,013
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleOtherTotal
Kathy WheelehanSecretary$120,168$120,168
Dan HarrelsonChairman$32,280$32,280
Leo CharlesDirector$26,042$26,042
Frank KatchatagDirector$22,743$22,743
Harvey Sookiayak SrDirector$22,527$22,527
Oscar TakakDirector$21,757$21,757
Sara SeetotDirector$21,455$21,455
Patrick JohansonDirector$21,009$21,009
Dean PetersonDirector$20,953$20,953
Milton CheemukDirector$19,503$19,503
Joe GarnieDirector$19,329$19,329
Joel JamesDirector$18,715$18,715
Truman KavaDirector$18,516$18,516
Frances OzennaDirector$17,716$17,716
Daphne KatcheakDirector$15,548$15,548
Sean Komonaseak JrDirector$13,911$13,911
Morris NashoanakDirector$3,541$3,541
Doug SwansonDirector$3,427$3,427
Frank OxereokDirector$3,427$3,427

Board Members and Trustees

NameTitle
Janis IvanoffPresident & CEO
Tyler RhodesCOO
Richard WalickiTreasurer & CFO
Simon KinneenVP and ACQ. Mgr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$932,182
Investment Income
$0
Other Revenue
$996,542
Change in Net Assets
$1,439,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$489,502
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$416,227--$416,227
Fees for Services Management$67,131--$67,131
Fees for Services Accounting$3,600--$3,600
Other Expenses$1--$1
Total Functional Expenses$489,502$0$0$489,502
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Norton Sound Economic Development$2,770,205
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“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, Line 11B: Form 990 Review Process

“The CEO and the CFO review the form 990 prior to filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
KDS Inc
EIN
92-0143907
Phone
9072742248
Address
2701 Gambell Street, Anchorage, AK 99503

Signing Officer

Name
Janis Ivanoff
Title
President & CEO
Signed
2018-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janis Ivanoff
Formed
2013
Legal Domicile
Ak
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
Altman Rogers & Company
Address
425 G Street Suite 800, Anchorage, AK 99501
Preparer
Tom J Domagala CPA
Phone
9072742992
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Company adopted the provisions of Topic 740 of the FASB Accounting Standards Codification relating to accounting for uncertanty 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)(2) of the Internal Revenue Code. The Company's 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 penalty accrued at December 31, 2017 and 2016. 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.”

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IRS990/Form990PartVIISectionAGrp/PersonNm11Dan Harrelson
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt21184552
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2293500
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18COO
IRS990/Form990PartVIISectionAGrp/TitleTxt19President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP and ACQ. Mgr
IRS990/Form990PartVIISectionAGrp/TitleTxt21Treasurer & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt22Secretary
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0false
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt05571332
IRS990/GrossSalesOfInventoryAmt04639150
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IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
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IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt024000000
IRS990/IntangibleAssetsGrp/EOYAmt024000000
IRS990/InterestGrp/ProgramServicesAmt0416227
IRS990/InterestGrp/TotalAmt0416227
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0618622
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0AK
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0KDS, 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).
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt015734707
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt014337187
IRS990/NetAssetsOrFundBalancesBOYAmt07207116
IRS990/NetAssetsOrFundBalancesEOYAmt08646338
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0996542
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0996542
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Fees and Licenses
IRS990/OtherExpensesGrp/Desc1misc expense
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IRS990/OtherExpensesGrp/TotalAmt11
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Janis Ivanoff
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc0Royalty Revenue
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IRS990/PYOtherExpensesAmt0375465
IRS990/PYOtherRevenueAmt01295185
IRS990/PYProgramServiceRevenueAmt01610802
IRS990/PYRevenuesLessExpensesAmt02530522
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IRS990/PYTotalRevenueAmt02905987
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IRS990/RelatedEntityInd0true
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01928724
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02770205
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Norton Sound Economic Development
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Company adopted the provisions of Topic 740 of the FASB Accounting Standards Codification relating to accounting for uncertanty 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)(2) of the Internal Revenue Code. The Company's 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 penalty accrued at December 31, 2017 and 2016. 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalLiabilityAmt02770205
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IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1216151
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2164869
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3184552

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,753,730
Liabilities
$17,107,392
Net assets
$8,646,338
Revenue
$1,928,724
Expenses
$489,502
Net income
$1,439,222
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.0$0.01$28.0$3.46$0.08$3.38
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.7$0.00$31.7$6.15$0.07$6.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.6$0.00$25.6$5.56$0.07$5.49
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.7$8.80$21.9$5.14$0.25$4.89
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.2$10.2$17.0$2.45$0.34$2.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.1$13.2$14.9$5.47$0.57$4.90
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.5$14.5$10.0$2.00$0.61$1.39
2017Detailed filing. Detailed filing data is available for this year.$25.8$17.1$8.65$1.93$0.49$1.44
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.7$18.5$7.21$2.91$0.38$2.53
2015Detailed filing. Detailed filing data is available for this year.$24.5$19.8$4.68$1.81$0.38$1.44
2014Summary only. Only limited summary data is available for this year.$23.7$21.3$2.44$2.03$0.56$1.47
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.2$23.2$0.97$1.91$0.88$1.03