Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
96 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
10 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Boosts economic growth and development within Petersburg, Alaska.
Questions for Petersburg Economic Development
Your first name shows with your question. Petersburg Economic Development answers here, for everyone.
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The pedc operates the petersburg community cold storage (PCCS). This is a public facility providing freezing and storage space to entrepreneurs in the seafood industry. The outcomes are increased seafood landings in our community, additional jobs, and revenue.
Scow Bay Vessel Workyard
Pedc is leading development efforts for a public workyard for small commercial and recreational vessels at scow bay. The workyard is anticipated to create new opportunities for business development and expansion in the marine service industry and create new long-term marine trade jobs in the community.
Business Development and Community Marketing
Pedc supports business development efforts, specifically development of a local farmer's market. The market acts as a business incubator allowing entrepreneurs to try out products. The pedc, in partnership with the chamber of commerce and the petersburg borough, is implementing a community marketing project.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $442K | $473K |
| Land, buildings, equipmentLn 10c | $1.3M | $1.2M |
| Total assetsLn 16 | $1.8M | $1.8M |
| LiabilitiesLn 26 | $29K | $28K |
| Net assetsLn 32 | $1.7M | $1.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $52K | $52K | ||
| Pension plan contributionsLn 8 | $3K | $3K | ||
| Other employee benefitsLn 9 | $3K | $3K | ||
| Payroll taxesLn 10 | $7K | $7K | ||
| Accounting feesLn 11c | $13K | $9K | $4K | |
| Other fees for servicesLn 11g | $54K | $54K | ||
| Advertising and promotionLn 12 | $1K | $1K | ||
| Office expensesLn 13 | $4K | $3K | $2K | |
| OccupancyLn 16 | $61K | $57K | $4K | |
| Depreciation, depletion and amortizationLn 22 | $58K | $58K | ||
| InsuranceLn 23 | $11K | $10K | $1K | |
| Other expenses (24a–d)Ln 24 | $22K | $22K | $166 | |
| Total functional expensesLn 25 | $288K | $278K | $11K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $285K | $288K | −$3K | $1.7M | 990 PDF |
| FY2023 | $179K | $226K | −$46K | $1.7M | 990 PDF |
| FY2022 | $197K | $244K | −$47K | $1.8M | 990 PDF |
| FY2021 | $307K | $246K | $61K | $1.8M | 990 PDF |
| FY2020 | $267K | $376K | −$110K | $1.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $285,229 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 3 to look at
Part VIII · Statement of revenue $285,229 across 5 lines filed
Part IX · Statement of functional expenses $288,422 across 12 lines filed
Part X · Balance sheet $1,773,631 assets, 10 lines filed
Part XI · Reconciliation of net assets $1,745,679 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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