2024-03-22T14:43:59-05:00 2021-12-31 135565207 KPMG LLP 550 SOUTH HOPE STREET LOS ANGELES CA 90071 990 2021-01-01 920142567 BRISTOL BAY ECONOMIC DEVELOPMENT CORP BRIS 9078424370 PO BOX 1464 DILLINGHAM AK 99576 STACI FIESER CFO 9078424370 2024-03-22 1 STACI FIESER 999009999 DAVID M HIGHFILL P01517891 2139724000 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MICHAEL LINK PO BOX 1464 DILLINGHAM AK 99576 119707667 0 X WWW.BBEDC.COM X 1992 AK TO PROMOTE ECONOMIC GROWTH AND OPPORTUNITIES FOR RESIDENTS OF ITS MEMBER COMMUNITIES; SEE SCH O. THROUGH SUSTAINABLE USE OF THE BERING SEA RESOURCES. 17 13 34 0 13530773 10342963 0 0 24092975 64769052 3415464 8235644 76459 66970 27584898 73071666 16025589 10320582 0 0 2567626 3336293 0 0 0 2197327 23810135 20790542 37467010 6794356 35604656 361710560 398869133 18551121 11866270 343159439 387002863 X IT IS THE PURPOSE OF THE BRISTOL BAY ECONOMIC DEVELOPMENT CORPORATION TO PROMOTE ECONOMIC GROWTH AND OPPORTUNITIES FOR RESIDENTS OF ITS MEMBER COMMUNITIES THROUGH SUSTAINABLE USE OF THE BERING SEA RESOURCES. 0 0 16892996 0 16837038 FISHING OPERATIONSFOR APPROXIMATELY 9 MONTHS IN 2021, BBEDC MANAGED THE OPERATIONS OF FOUR CRAB FISHING VESSELS WE OWN THAT FISHED OUT IN THE BERING SEA UNTIL WE WERE ABLE TO FIND A SUITABLE CONTRACTOR TO TAKE OVER THE MANAGEMENT. 5044041 6205599 0 COMMUNITY AND BUSINESS DEVELOPMENT - SEE SCHEDULE OCOVID-19 PANDEMIC IMPACTED OUR PROGRAM OPERATIONS IN 2021. THE COMMUNITY BLOCK GRANT (CBG) PROGRAM PROVIDES BBEDC'S CDQ COMMUNITIES WITH THE OPPORTUNITY TO FUND PROJECTS THAT PROMOTE SUSTAINABLE COMMUNITY AND REGIONAL DEVELOPMENT. THE FUNDING PER COMMUNITY WAS $500,000 FOR 2021 (SAME AS 2020). $6,106,150 WAS REQUESTED AND AWARDED. THE INFRASTRUCTURE GRANT FUND (IGF) PROGRAM PROVIDES BBEDC COMMUNITIES WITH A SOURCE OF FUNDS FOR BROAD PUBLIC INFRASTRUCTURE AS WELL AS BUSINESS INFRASTRUCTURE DEVELOPMENT. TRIBAL AND/OR CITY GOVERNMENTS ARE ELIGIBLE TO APPLY FOR UP TO $2,000,000. NO COMMUNITIES WERE AWARDED THE GRANT IN 2021 (SAME AS 2020). THE ARCTIC TERN PROGRAM PROVIDES FUNDING FOR COMMUNITIES TO SUPPORT EMPLOYMENT AND EDUCATIONAL ACTIVITIES FOR RESIDENT YOUTH UNDER THE AGE OF 17. IN 2020, $27,000 WAS AWARDED (UP FROM $23,490 IN 2020). THE INTEREST RATE ASSISTANCE PROGRAM PROVIDED $29,217 IN INTEREST RATE ASSISTANCE TO 11 RESIDENTS (DOWN FROM 18 RESIDENTS AND $39,794 IN 2020). GRANT WRITING ASSISTANCE OF $26,892 AND TECHNICAL ASSISTANCE OF $16,340 WAS PROVIDED TO COMMUNITIES IN 2021. 2578413 747307 59926 REGIONAL FISHING DEVELOPMENT - SEE SCHEDULE OCOVID-19 PANDEMIC IMPACTED OUR PROGRAM OPERATIONS IN 2021. RECOGNIZING THAT THE QUICKEST WAY TO INCREASE THE VALUE OF BRISTOL BAY SALMON WAS THROUGH CHILLING, BBEDC EMBARKED ON AN AMBITIOUS PROGRAM TO PROVIDE ICE TO THE REGION'S FISHERMEN. IN 2021, BBEDC'S VESSEL UPGRADE PROGRAM ASSISTED 20 FISHERMEN WITH VESSEL UPGRADES FOR A TOTAL OF $330,634 AND 2 FISHERMEN WITH IN-SEASON EMERGENCY PROVISION GRANTS OF $30,419 (UP FROM 20 FISHERMEN AND $215,418 IN 2020). BBEDC CONTINUED WITH ITS QUALITY IMPROVEMENTS PROGRAM BY PURCHASING 22 TOTES FOR 9 FISHERMEN (UP FROM 20 TOTES FOR 7 FISHERMEN IN 2020), 17 SLUSH BAGS FOR 4 FISHERMEN (DOWN FROM 23 SLUSH BAGS FOR 5 FISHERMEN IN 2020), PROVIDING FLEX FOAM INSULATION TO 2 FISHERMEN (DOWN FROM 3 IN 2020), AND PURCHASING PADDED DECK MATS FOR 3 FISHERMEN (DOWN FROM 7 IN 2020) FOR A TOTAL OF $22,764 (UP FROM $21,331 IN 2020). RSW FLEET SUPPORT OFFERED GRANTS UP TO $1,000 FOR FISHERMEN THAT HAD RSW SYSTEMS ON BOARD THEIR VESSELS. 27 FISHERMEN WERE AWARDED A TOTAL OF $19,409 (UP FROM 17 FISHERMEN AND $11,579 IN 2020). 1 FISHERMAN WAS AWARDED WITH A RSW SYSTEM TOTALING $20,070 DOWN FROM 4 FISHERMEN AND $88,000 IN 2020). PRE-SEASON ADVANCE LOANS WERE AWARDED TO 10 FISHERMEN IN 2020 (DOWN FROM 27 FISHERMEN IN 2020). IN ADDITION, TWO ICE BARGES DELIVERED 924,653 POUNDS OF ICE (UP FROM 864,104 POUNDS OF ICE IN 2020), $29,011 WAS AWARDED FOR TENDERINGSUPPORT, AND $295,000 WAS AWARDED TO FUND FISHERIES HABITAT PROTECTION (UP FORM $255,000 IN 2020) 10865561 3367676 14763705 INVESTMENT MANAGEMENT - $7,043,868EDUCATION, EMPLOYMENT, AND TRAINING - $1,087,802COMMUNITY LIAISONS - $827,261CONTRIBUTIONS - $769,333PERMIT BROKERAGE - $461,827PERMIT AND VESSEL LOAN PROGRAM - $420,673QUOTA MANAGEMENT - $254,797 10865561 3367676 14763705 35381011 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 1 1 97 0 1 34 1 1 1 0 0 0 0 0 0 0 X 17 13 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 1 1 X X STACI FIESER 9078424370 411 FIRST AVENUE EAST PO BOX 1464 DILLINGHAM AK 99576 H ROBIN SAMUELSEN JR CHAIRMAN 1.60 0.30 X X 53583 3917 0 ROBERT HEYANO TREASURER 1.30 0.20 X X 24333 1667 0 HATTIE ALBECKER SECRETARY 1.40 0.20 X X 25833 2167 0 GERDA KOSBRUK BOARD MEMBER 1.10 0.30 X X 17667 3333 0 FRED T ANGASAN SR BOARD MEMBER 0.90 0.10 X 14250 1250 0 VICTOR SEYBERT BOARD MEMBER 1.30 0.20 X 19750 2250 0 MARY ANN JOHNSON BOARD MEMBER 0.90 0.30 X 11500 4000 0 KENNETH JENSEN BOARD MEMBER 0.20 0.10 X 2000 0 0 LOUIE ALAKAYAK SR BOARD MEMBER 0.40 0.00 X 4000 0 0 MARK ANGASAN BOARD MEMBER 0.30 0.00 X 3500 0 0 JIMMY COOPCHIAK BOARD MEMBER 0.70 0.10 X 7000 500 0 FRITZ SHARP BOARD MEMBER 0.40 0.10 X 2250 2250 0 MICHAEL GOTTSCHALK BOARD MEMBER 0.40 0.10 X 2000 2500 0 ALEXANDER TALLEKPALEK BOARD MEMBER 0.40 0.00 X 3500 0 0 MARGIE ALOYSIUS BOARD MEMBER 0.10 0.00 X 500 0 0 HARRY WASSILY SR BOARD MEMBER 0.40 0.10 X 2000 1000 0 GUSTY ILUTSIK JR BOARD MEMBER 0.30 0.00 X 2000 0 0 RICHARD KING BOARD MEMBER 0.20 0.00 X 1000 0 0 JUSTIN ALTO BOARD MEMBER 0.10 0.00 X 1000 0 0 PETER ANGASAN SR BOARD MEMBER 0.20 0.00 X 1000 0 0 NORMAN VAN VACTOR PRESIDENT & CEO 40.00 0.00 X 289115 0 41467 PAUL PEYTON SIO 40.00 0.00 X 205858 0 37867 STACI FIESER CFO 40.00 0.00 X 145380 0 49022 HELEN SMEATON COO 40.00 0.00 X 155673 0 35539 CHRISTOPHER NAPOLI CAO 40.00 0.00 X 122125 0 38498 RALPH ANGASAN JR ALT BOARD MEMBER 0.10 0.00 X 500 0 0 ALICE RUBY PROGRAM DIRECTOR 40.00 0.00 X 130485 0 24644 CHARLES HENSEL SI STAFF 40.00 0.00 X 158157 0 32091 CLIFFORD TUBBS FINANCE OFFICER 40.00 0.00 X 122785 0 20632 1528744 24834 279760 8 0 1 0 KALDESTAD MANAGEMENT PO BOX 3008 EDMONDS WA 98020 PROFESSIONAL SERVICES 658602 COASTAL ALASKA PREMIER SEAFOODS LLC 711 H STREET SUITE 200 ANCHORAGE AK 99507 PROFESSIONAL SERVICES 325000 THOMAS SURYAN 20126 BALLINGER WY NE PMB 158 SHORELINE WA 981551117 VESSEL CAPTAIN 238214 JEFFREY MOREHOUSE 1605 NW 192ND ST SHORELINE WA 98177 VESSEL CAPTAIN 231038 RYAN BRUMMOND 116 N 117TH STREET SEATTLE WA 98133 VESSEL CAPTAIN 216338 11 EQUITY IN AFFILIATE EA 110000 27941523 14591792 13349731 CDQ ROYALTIES 110000 16986540 16986540 FISHING OPERATIONS 110000 16822038 16822038 IFQ ROYALTIES 110000 2773043 2773043 EQUITY IN AFFILIATE EA 310000 181042 181042 64866 64866 64769052 2414536 2414536 51947645 509464 46240656 395345 5706989 114119 5821108 115213 5705895 ICE SALES FROM BARGES 110000 56693 56693 IRS- COVID WAGES RECEI 900099 4823 4823 BBEDC MATCHING FUNDS 110000 4578 4578 876 666 210 66970 73071666 31660669 13530773 27880224 8637809 8637809 1682773 1682773 1318710 308349 1010361 1538418 1221354 317064 26230 17941 8289 262517 213505 49012 190418 118470 71948 1005797 1005797 411989 371769 40220 200821 200821 474029 472804 1225 3186633 2892356 294277 13267 5826 7441 165780 80475 85305 24427 24427 7990734 7990734 216361 104774 111587 71406 63754 7652 4207 43 4164 102352 102352 687656 622739 64917 831164 759568 71596 UBI TAX EXPENSE 3273504 3273504 FISHING IMPAIRMENT LOSS 2102891 2102891 FEES & TAXES 923957 923957 FUEL, GAS & OIL 849694 849694 1273466 1557773 -284307 37467010 35381011 2085999 0 28650016 29983490 12469666 13370714 3000000 1173956 1623737 250024 11856992 5138973 6749391 6718019 120448632 140489917 124167595 142525956 63579523 63579523 1022000 777534 361710560 398869133 580300 1369624 1157173 899967 0 50000 16500000 6500000 313648 3046679 18551121 11866270 X 343159439 387002863 343159439 387002863 361710560 398869133 X 35604656 4655113 3583655 X 0 1 X 1 0 202399 202399 1771370 610314 1161056 442982 377088 65894 9440241 4151571 5288670 6718019 INVESTMENT IN UNCONSOLIDATED AFFILIATES 77692322 C INVESTMENT IN IFQS 24803717 C INVESTMENT IN FISHING RIGHTS 2724512 C INVESTMENT IN CONSOLIDATED AFFILIATES 37305405 F 142525956 ACCOUNTS PAYABLE TO AFFILIATE 2651043 STATE INCOME TAXES PAYABLE 395636 3046679 80878854 4655113 3626104 8281217 72597637 474029 474029 73071666 37035430 42449 42449 36992981 474029 474029 37467010 PART XI, LINE 2D - OTHER ADJUSTMENTS: EQUITY IN EARNINGS OF ENTITIES CONDOLIDATED FOR AFS 3,583,655. LOSS ON DISPOSAL OF ASSETS 42,449. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 42,449. 1 AK DEPT OF FISH & GAME PO BOX 230 DILLINGHAM AK 99576 926001185 STATE OF ALASKA 10866 0 SEASONAL EMPLOYMENT ALEKNAGIK TRADITIONAL COUNCIL PO BOX 115 ALEKNAGIK AK 99555 942857786 TRIBAL COUNCIL 257320 0 ECONOMIC DEVELOPMENT & PROMOTION OF PROGRAMS AMANDA WLAYSEWSKI DBA NAKEEN 41890 ARMO VILLA LANE POLSON MT 59860 454698303 13412 0 SEASONAL EMPLOYMENT ANDREW BERKOSKI DBA SUBWAY PO BOX 1295 DILLINGHAM AK 99576 524989295 13249 0 SEASONAL EMPLOYMENT BRISTOL BAY BOROUGH SD PO BOX 169 NAKNEK AK 99633 920029587 STATE OF ALASKA 150000 0 EDUCATIONAL FISHERIES INITIATIVE BRISTOL BAY HERITAGE LAND TRUST PO BOX 1388 DILLINGHAM AK 99576 311721762 501 (C)(3) 10000 0 FLY FISHING ACADEMY BRISTOL BAY NATIVE ASSOC PO BOX 310 DILLINGHAM AK 99576 920041473 501 (C)(3) 9299 0 SEASONAL EMPLOYMENT BRISTOL BAY SCIENCE AND RESEARCH INSTITUTE PO BOX 1464 DILLINGHAM AK 99576 920168036 501 (C)(3) 750000 0 SCIENTIFIC & EDUCATIONAL PROJECTS BRISTOL BAY TELEPHONE COOP PO BOX 259 KING SALMON AK 99613 920047849 501(C) 12 8804 0 SEASONAL EMPLOYMENT CHOGGIUNG LTD PO BOX 330 DILLINGHAM AK 99576 920045217 14752 0 SEASONAL EMPLOYMENT CITY OF ALEKNAGIK PO BOX 33 ALEKNAGIK AK 99555 920079021 CITY 63480 0 ECONOMIC DEVELOPMENT & GROUP TRAININGS CITY OF DILLINGHAM PO BOX 889 DILLINGHAM AK 99576 920030674 CITY 51500 0 GRANT WRITING ASSIST & SEASONAL EMP CITY OF EKWOK PO BOX 49 EKWOK AK 99580 920086143 CITY 26866 0 SEASONAL & YOUTH EMPLOYMENT CLARK'S POINT VILLAGE COUNCIL PO BOX 9 CLARKS POINT AK 99569 920073206 TRIBAL COUNCIL 242668 0 ECONOMIC DEVELOPMENT & PROMOTION OF PROGRAMS CURYUNG TRIBAL COUNCIL PO BOX 216 DILLINGHAM AK 99576 920069902 TRIBAL COUNCIL 554200 0 ECONOMIC DEVELOPMENT & PROMOTION OF PROGRAMS DILLINGHAM CITY SCHOOL DIST PO BOX 170 DILLINGHAM AK 99576 920031132 STATE OF ALASKA 24410 0 SEASONAL EMPLOYMENT EGEGIK VILLAGE COUNCIL PO BOX 29 EGEGIK AK 99579 920063332 TRIBAL COUNCIL 540650 0 ECONOMIC DEVELOPMENT & PROMOTION OF PROGRAMS EKUK VILLAGE COUNCIL PO BOX 530 DILLINGHAM AK 99576 920163114 TRIBAL COUNCIL 567303 0 ECONOMIC DEVELOPMENT & PROMOTION OF PROGRAMS EKWOK VILLAGE COUNCIL PO BOX 70 EKWOK AK 99580 943057295 TRIBAL COUNCIL 589069 0 ECONOMIC DEVELOPMENT & PROMOTION OF PROGRAMS JODIE HAZENBERG DBA JODIE'S I PO BOX 310 NAKNEK AK 99633 565153446 13559 0 SEASONAL EMPLOYMENT KDLG PO BOX 670 DILLINGHAM AK 99576 920031132 STATE OF ALASKA 9896 0 SEASONAL EMPLOYMENT KING FLYING SERVICE INC PO BOX 26 NAKNEK AK 99633 920094746 6724 0 YOUTH EMPLOYMENT KING SALMON VILLAGE COUNCIL PO BOX 68 KING SALMON AK 99613 920177073 TRIBAL COUNCIL 27100 0 PROGRAM PROMOTION LEVELOCK NATIVES LTD PO BOX 109 LEVELOCK AK 99625 8492 0 INTERNSHIPS LEVELOCK VILLAGE COUNCIL PO BOX 70 LEVELOCK AK 99625 920074206 TRIBAL COUNCIL 434200 0 ECONOMIC DEVELOPMENT & PROMOTION OF PROGRAMS MANOKOTAK VILLAGE COUNCIL PO BOX 169 MANOKOTAK AK 99628 920124434 TRIBAL COUNCIL 302800 0 ECONOMIC DEVELOPMENT & PROMOTION OF PROGRAMS NAKNEK VILLAGE COUNCIL PO BOX 106 NAKNEK AK 99633 920058661 TRIBAL COUNCIL 554200 0 ECONOMIC DEVELOPMENT & PROMOTION OF PROGRAMS NATIVE VILLAGE OF PORT HEIDEN PO BOX 49007 PORT HEIDEN AK 99549 920059922 TRIBAL COUNCIL 570540 0 ECONOMIC DEVELOPMENT & PROMOTION OF PROGRAMS NUSHAGAK ELECTRIC & TELEPHONE PO BOX 350 DILLINGHAM AK 99576 920177246 501 (C)(12) 8956 0 INTERNSHIPS OCEAN BEAUTY SEAFOODS LLC PO BOX 70739 SEATTLE WA 98127 208899430 9200 0 SEASONAL EMPLOYMENT PILOT POINT TRIBAL COUNCIL PO BOX 449 PILOT POINT AK 99649 990143318 TRIBAL COUNCIL 554200 0 ECONOMIC DEVELOPMENT & PROMOTION OF PROGRAMS PORTAGE CREEK VILLAGE COUNCIL 1762 ABBOTT ROAD ANCHORAGE AK 99507 920070857 TRIBAL COUNCIL 500000 0 ECONOMIC DEVELOPEMNT SAFE & FEAR-FREE ENVIORNMENT PO BOX 94 DILLINGHAM AK 99576 920088380 501 (C)(3) 9233 0 SEASONAL EMPLOYMENT SEASHARE 600 ERICKSEN AVE NE SUITE 310 BAINBRIDGE WA 98110 911641242 501 (C)(3) 8333 0 HUNGER-RELIEF EFFORTS SOUTH NAKNEK VILLAGE COUNCIL 2521 E MOUNTAIN VILLAGE DR WASILLA AK 99654 920065146 TRIBAL COUNCIL 181409 0 ECONOMIC DEVELOPMENT & PROMOTION OF PROGRAMS SW AK VOC & EDUC CENTER PO BOX 615 KING SALMON AK 99613 920174741 501 (C)(3) 34897 0 COMMUNITY/ GROUP TRAININGS TRADITIONAL COUNCIL OF TOGIAK PO BOX 310 TOGIAK AK 99678 920113885 TRIBAL COUNCIL 197000 0 ECONOMIC DEVELOPMENT & PROMOTION OF PROGRAMS TWIN HILLS VILLAGE COUNCIL PO BOX TWA TWIN HILLS AK 99576 920062296 TRIBAL COUNCIL 342673 0 ECONOMIC DEVELOPMENT & PROMOTION OF PROGRAMS UGASHIK TRADITIONAL VILLAGE 2525 BLUEBERRY ROAD STE 205 ANCHORAGE AK 99503 920160597 TRIBAL COUNCIL 592980 0 ECONOMIC DEVELOPMENT & PROMOTION OF PROGRAMS UNI OF AK FOUNDATION- BB PO BOX 755080 FAIRBANKS AK 99775 237394620 501 (C)(3) 63001 0 GED/ADULT ED & NURSING PROGRAM UNITED TRIBES OF BRISTOL BAY PO BOX 1252 DILLINGHAM AK 99576 300785358 TRIBAL COUNCIL 310568 0 FISHERIES HABITAT PROTECTION & EMPL 32 9 PERMIT LOAN PROGRAM 52 340455 PERMIT & VESSEL LOAN TECH. ASSIST. 56 25740 EMERGENCY TRANSFER GRANTS 21 168900 SHOREFISH LEASES 1 88 VESSEL ACQUISITION PROGRAM 24 329347 INTEREST RATE ASSISTANCE 11 29217 PERSONAL FINANCE/ EDUCATION 1 18 TAX ASSISTANCE PROGRAM 922 138300 PRE-SEASON ADVANCES 10 VESSEL UPGRADES 20 330634 IN-SEASON EMERGENCY PROVISION PROG. 2 30419 RSW PURCHASE PROGRAM 1 20070 RSW FLEET SUPPORT 27 19409 STUDENT LOAN FORGIVENESS 9 27030 COLLEGE DEVELOPMENT FUND 47 86518 VOC/ TECHNICAL TRAINING PROGRAM 29 113864 QUALITY IMPROV. PROGRAM- TOTES 9 15753 BOOK TOTES FOR ICING FISH QUALITY IMPROV. PROGRAM- SLUSH BAGS 4 3924 BOOK SLUSH BAGS FOR ICING FISH QUALITY IMPROV. PROGRAM- DECK MATS 3 2012 BOOK PADDED DECK MATS FOR BOATS QUALITY IMPROV. PROGRAM- INSULATION 2 1075 BOOK FOAM INSULATION FOR ICING FISH PART I, LINE 2: BBEDC HAS MANY PROGRAMS AVAILABLE TO ITS CDQ MEMBER COMMUNITIES INCLUDING THOSE THAT PROVIDE GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS, ORGANIZATIONS, AND GOVERNMENTS. THESE PROGRAMS WERE DEVELOPED AND ARE ADMINISTERED CONSISTENT WITH BBEDC'S TAX-EXEMPT PURPOSE. ALL PROGRAMS HAVE SPECIFIC PROGRAM REQUIREMENTS AS WELL AS ESTABLISHED POLICIES AND PROCEDURES FOR ENSURING A GRANTEE'S ELIGIBILITY AND USE OF FUNDS WHICH ARE MONITORED BY BBEDC'S PROGRAM MANAGERS. X X X X 0 0 0 0 0 0 0 0 0 NORMAN VAN VACTOR PRESIDENT & CEO 264115 0 25000 0 0 0 9750 0 31717 0 330582 0 0 0 PAUL PEYTON SIO 205358 0 500 0 0 0 6150 0 31717 0 243725 0 0 0 STACI FIESER CFO 144880 0 500 0 0 0 4761 0 44261 0 194402 0 0 0 HELEN SMEATON COO 155173 0 500 0 0 0 6250 0 29289 0 191212 0 0 0 CHARLES HENSEL SI STAFF 157657 0 500 0 0 0 2044 0 30047 0 190248 0 0 0 CHRISTOPHER NAPOLI CAO 121625 0 500 0 0 0 9209 0 29289 0 160623 0 0 0 ALICE RUBY PROGRAM DIRECTOR 129985 0 500 0 0 0 8812 0 15832 0 155129 0 0 0 KIMBERLY SEYBERT DAUGHTER OF BD MBR 3022 TRAINING ASSISTANCE JOB TRAINING FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS - CURRENT YEAR BOARD MEMBERS - MARK ANGASAN AND FRED ANGASAN, SR. HAD A FAMILY RELATIONSHIP, HOWEVER, MARK ANGASAN PASSED AWAY IN THE SUMMER 2021. PETER ANGASAN, SR. REPLACED MARK ANGASAN AS A BOARD MEMBER. PETER ANGASAN, SR. ALSO HAS A FAMILY RELATIONSHIP WITH FRED ANGASAN, SR. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE RETURN, A DRAFT OF THE FORM 990 TAX RETURN WILL BE SUBMITTED TO THE CHIEF FINANCIAL OFFICER (CFO) BY THE TAX PREPARER. THIS DRAFT WILL BE REVIEWED BY THE CFO AND STAFF. THE CFO WILL THEN HAVE THE PRESIDENT/CEO REVIEW THE DRAFT RETURN BEFORE AUTHORIZING THE TAX PREPARER TO FINALIZE THE RETURN. A COPY OF THE RETURN WILL BE PROVIDED TO THE BOARD MEMBERS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C IN ANY SITUATION WHERE THERE IS A CONFLICT OR THE APPEARANCE OF CONFLICT, OR WHERE A BOARD MEMBER IS UNCERTAIN OF THE POSSIBILITY OF A CONFLICT, THE BOARD MEMBER OR EMPLOYEE SHOULD PROTECT HIMSELF/HERSELF BY IMMEDIATELY DISCUSSING THE MATTER FULLY AND FRANKLY WITH THE CHAIRMAN OR, IF THE MATTER ARISES DURING A BOARD MEETING, BY DISCLOSING THE MATTER TO THE FULL BOARD OF DIRECTORS. THE CHAIRMAN OR ANY OTHER BOARD MEMBER ARE ALSO ENCOURAGED TO RAISE ANY ISSUE KNOWN TO THEM TO ENSURE THAT ANY POTENTIAL CONFLICT IS KNOWN TO THE CORPORATION AND ITS BOARD IN A TIMELY MANNER. WHERE THERE IS DOUBT AS TO THE EXISTENCE OF A CONFLICT OF INTEREST, THE SITUATION SHOULD BE FULLY EXPLAINED IN WRITING IN ADVANCE OF ANY BOARD MEETING. IF NECESSARY, THE CHAIRMAN WILL APPOINT A THREE-MEMBER AD HOC COMMITTEE OF MEMBERS OF THE BOARD OF DIRECTORS TO MAKE A RECOMMENDATION TO THE BOARD OF DIRECTORS ON THE MATTER AT THE NEXT BOARD MEETING. THE COMMITTEE WILL DISCUSS THE MATTER WITH THE CORPORATION'S GENERAL COUNSEL. THE DECISION OF THE BOARD OF DIRECTORS IS BINDING. BOARD MEMBERS ARE REQUIRED TO DECLARE A CONFLICT OF INTEREST ON EACH AND EVERY VOTE THEY TAKE IF ONE EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD SETS THE BEGINNING SALARY RANGE FOR THE POSITION OF THE PRESIDENT/CEO BASED ON A LOCAL SALARY SURVEY. THE LAST SALARY SURVEY WAS PERFORMED IN 2019. THIS SALARY RANGE IS ADJUSTED PERIODICALLY AS LOCAL SALARIES IN THE REGION CHANGE. EACH YEAR THE BOARD GOES INTO EXECUTIVE SESSION TO EVALUATE THE PRESIDENT/CEO'S PERFORMANCE OVER THE PAST YEAR AND THE CONTRACT RENEWAL AND COMPENSATION, IF TIME TO RENEW. THE CURRENT PRESIDENT/CEO CONTRACT IS FOR A 3 YEAR TERM. IN ADDITION, THE BOARD TAKES INTO CONSIDERATION ITS POLICY OF UP TO A 4% MERIT INCREASE EACH YEAR. AT THE CONCLUSION OF THE PRESIDENT/CEO'S EVALUATION, THE PRESIDENT/CEO IS REQUIRED TO LEAVE THE ROOM SO THAT THE REMAINING BOARD MAY HAVE CONFIDENTIAL DISCUSSIONS. MOTION IS MADE TO COME OUT OF EXECUTIVE SESSION AND THE BOARD'S DECISION OF THE CONTRACT AND COMPENSATION IS PRESENTED AND DOCUMENTED IN THE MINUTES. FORM 990, PART VI, LINE 15B - COMPENSATION REVIEW & APPROVAL PROCESS - OFFICERS & KEY EMPLOYEES ANNUALLY, THE BOARD APPROVES THE BUDGET WHICH CONTAINS THE SALARY INFORMATION OF EMPLOYEES. THE BOARD SETS THE BEGINNING SALARY RANGE FOR THE POSITIONS AT BBEDC BASED ON A LOCAL SALARY SURVEY. THE LAST SALARY SURVEY WAS PERFORMED IN 2019. THIS SALARY RANGE IS ADJUSTED PERIODICALLY AS LOCAL SALARIES IN THE REGION CHANGE. ANNUALLY ON THE EMPLOYEE'S ANNIVERSARY DATE, THE IMMEDIATE SUPERVISOR PERFORMS AN EVALUATION. IN ADDITION, THE SUPERVISOR TAKES INTO CONSIDERATION THE BOARD'S POLICY OF UP TO A 4% MERIT INCREASE EACH YEAR. THE SUPERVISOR MAKES ITS RECOMMENDATION ON THE COMPENSATION FOR THE NEXT YEAR, WHICH IS APPROVED BY THE CAO/CEO, WITH THE PRESIDENT/CEO HAVING FINAL APPROVAL FOR ALL EMPLOYEES. IN ADDITION, FORMAL CONTRACTS ARE REQUIRED ANNUALLY FOR THE FOLLOWING POSITIONS: CHIEF ADMINISTRATIVE OFFICER, CHIEF FINANCIAL OFFICER, SEAFOOD INVESTMENT OFFICER, AND QUOTA MANAGER. FORM 990, PART VI, SECTION C, LINE 18 BBEDC'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING US AT 1-907-842-4370 OR WRITING TO US AT PO BOX 1464, DILLINGHAM, AK 99576-1464. FORM 990, PART VI, SECTION C, LINE 19 BBEDC'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING US AT 1-907-842-4370 OR WRITING TO US AT PO BOX 1464, DILLINGHAM, AK 99576-1464. FORM 990, PART XI, LINE 9: EQUITY IN EARNINGS OF ENTITIES CONSOLIDATED FOR AFS 3,583,655. 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