Civic Intelligence

Kds Inc

990 • Fiscal year 2019 • EIN 92-0143907

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 02, 2020

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

73rd percentile

0.47x

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

2019 filings • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

2.41x

Higher debt load relative to revenue than 88% of similar nonprofits.

2019 filings • $25M-$50M nonprofits • Source year 2019

Net Margin

97th percentile

90%

Higher net margin than 97% of similar nonprofits.

2019 filings • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

59th percentile

$255,211

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2019 filings • $25M-$50M nonprofits • Source year 2019

Asset Growth

77th percentile

15%

Faster asset growth than 77% of similar nonprofits.

2019 filings • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

96th percentile

174%

Faster revenue growth than 96% of similar nonprofits.

2019 filings • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$28,103,570

Up $3,611,346 (+15%) from 2018

Net Assets

Up

$14,931,588

Up $4,899,262 (+49%) from 2018

Liabilities

Down

$13,171,982

Down $1,287,916 (-8.9%) from 2018

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin97th percentile

Revenue

Up

$5,468,195

Up $3,470,788 (+174%) from 2018

Expenses

Down

$568,933

Down $42,486 (-6.9%) from 2018

Net Income

Up

$4,899,262

Up $3,513,274 (+253%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth77th 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

2019

Assets$28,103,570
Liabilities$13,171,982
Net Assets$14,931,588
Open 2019 Filing

Operations Trend

Revenue Growth96th 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

2019

Revenue$5,468,195
Expenses$568,933
Net Income$4,899,262
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 2, 2020
Return Version
2019v5.0
Gross Receipts
$5,468,195
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
Accounts Receivable-$2,749,777-
Cash and Non-Interest-Bearing Accounts$492,224$1,353,793▲ $861,569
Savings and Temporary Cash Investments-$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-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$24,492,224$28,103,570▲ $3,611,346
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,939,667$11,542,147▼ $1,397,520
Other Liabilities$1,520,231$1,520,431▲ $200
Accounts Payable and Accrued Expenses-$109,404-
Total Liabilities$14,459,898$13,171,982▼ $1,287,916
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,032,326$14,931,588▲ $4,899,262
Total Net Assets Fund Balance$10,032,326$14,931,588▲ $4,899,262
Total Liabilities and Net Assets / Fund Balance$24,492,224$28,103,570▲ $3,611,346
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleOtherTotal
Wesley JonesNSFR&D Director$148,662$148,662
Derek McLartyVessel Mechanic$137,841$137,841
Kathy WheelehanSecretary$128,355$128,355
Oscar TakakDirector$40,108$40,108
Harvey Sookiayak SrDirector$36,608$36,608
Milton CheemukDirector$35,613$35,613
Frank KatchatagChairman$35,610$35,610
Truman KavaDirector$32,492$32,492
Doug SwansonDirector$32,198$32,198
Frank OxereokDirector$31,597$31,597
Adem BoeckmannDirector$31,063$31,063
Dan HarrelsonDirector$29,679$29,679
Joel JamesDirector$29,031$29,031
Sara SeetotDirector$28,363$28,363
Joe GarnieDirector$28,167$28,167
Morris NashoanakDirector$27,817$27,817
Dean PetersonDirector$26,926$26,926
Frances OzennaDirector$23,557$23,557

Board Members and Trustees

NameTitle
Janis IvanoffPresident & CEO
Matt CoatesController
Tyler RhodesCOO
William JohnsonNSSP Operation Mgr
Joshua OsborneNSSP Plant Manager
Richard WalickiTreasurer & CFO
Simon KinneenVP and ACQ. Mgr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,105,361
Investment Income
$0
Other Revenue
$1,362,834
Change in Net Assets
$4,899,262
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$568,933
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$498,981--$498,981
Fees for Services Other$65,272--$65,272
Other Expenses$2,680--$2,680
Fees for Services Accounting$2,000--$2,000
Total Functional Expenses$568,933$0$0$568,933
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$1,520,431
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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 8: Explanation of No Contemporaneously Documentation of Meetings

“There were no Committee meetings during the year.”

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
2020-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janis Ivanoff
Formed
2013
Legal Domicile
Ak
Voting Board Members
15
Independent Board Members
0
Employees
0

Preparer

Firm
Altman Rogers & Co
Address
3000 C Street Suite 201, Anchorage, AK 99503
Preparer
Tom J Domagala CPA
Phone
9072742992
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1.

“In 2019 the organization changed its method of accounting from the cash method to the accrual method per notice 96-30.”

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 uncertainty 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) (4) of the Internal Revenue Code. The Companys 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 penalties accrued at December 31, 2019 and 2018. 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/PersonNm0Janis Ivanoff
IRS990/Form990PartVIISectionAGrp/PersonNm1Richard Walicki
IRS990/Form990PartVIISectionAGrp/PersonNm2Simon Kinneen
IRS990/Form990PartVIISectionAGrp/PersonNm3Tyler Rhodes
IRS990/Form990PartVIISectionAGrp/PersonNm4William Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm5Joshua Osborne
IRS990/Form990PartVIISectionAGrp/PersonNm6Matt Coates
IRS990/Form990PartVIISectionAGrp/PersonNm7Wesley Jones
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IRS990/Form990PartVIISectionAGrp/PersonNm10Oscar Takak
IRS990/Form990PartVIISectionAGrp/PersonNm11Harvey Sookiayak Sr
IRS990/Form990PartVIISectionAGrp/PersonNm12Milton Cheemuk
IRS990/Form990PartVIISectionAGrp/PersonNm13Frank Katchatag
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2423557
IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP and ACQ. Mgr
IRS990/Form990PartVIISectionAGrp/TitleTxt3COO
IRS990/Form990PartVIISectionAGrp/TitleTxt4NSSP Operation Mgr
IRS990/Form990PartVIISectionAGrp/TitleTxt5NSSP Plant Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt6Controller
IRS990/Form990PartVIISectionAGrp/TitleTxt7NSFR&D Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Vessel Mechanic
IRS990/Form990PartVIISectionAGrp/TitleTxt9Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
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IRS990/FormationYr02013
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
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IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
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IRS990/GrossReceiptsAmt05468195
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IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
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IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt024000000
IRS990/IntangibleAssetsGrp/EOYAmt024000000
IRS990/InterestGrp/ProgramServicesAmt0498981
IRS990/InterestGrp/TotalAmt0498981
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
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IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0AK
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
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).
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011542147
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IRS990/NetAssetsOrFundBalancesEOYAmt014931588
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OtherRevenueMiscGrp/Desc0Notice 96-30 cash to Acr.
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01362834
IRS990/OtherRevenueTotalAmt01362834
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrincipalOfficerNm0Janis Ivanoff
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc0Royalty Revenue
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04105361
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IRS990/PYTotalExpensesAmt0611419
IRS990/PYTotalRevenueAmt01997407
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IRS990/RevenueAmt04105361
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01520431
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 uncertainty 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) (4) of the Internal Revenue Code. The Companys 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 penalties accrued at December 31, 2019 and 2018. 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.

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,103,570
Liabilities
$13,171,982
Net assets
$14,931,588
Revenue
$5,468,195
Expenses
$568,933
Net income
$4,899,262
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
2019Detailed filing. Detailed filing data is available for this year.$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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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