BRISTOL BAY ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- BRISTOL BAY ECONOMIC DEVELOPMENT CORPORATION (EIN 92-0142567)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2023-06-13
- IRS object ID
- 202311649349301241
- Schema version
- 2020v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-06-13T13:27:42-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 550 SOUTH HOPE STREET | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90071 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 920142567 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRISTOL BAY ECONOMIC DEVELOPMENT CORP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BRIS | BusinessNameControlTxt |
| Phone | 9078424370 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1464 | AddressLine1Txt |
| City | DILLINGHAM | CityNm |
| State Abbreviation | AK | StateAbbreviationCd |
| ZIP | 99576 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STACI FIESER | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 9078424370 | PhoneNum |
| Signature | 2023-06-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | STACI | PersonFirstNm |
| Person Last | FIESER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DAVID M HIGHFILL | PreparerPersonNm |
| PTIN | P01517891 | PTIN |
| Phone | 2139724000 | PhoneNum |
| Preparation | 2023-06-13 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MICHAEL LINK | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1464 | AddressLine1Txt |
| City | DILLINGHAM | CityNm |
| State Abbreviation | AK | StateAbbreviationCd |
| ZIP | 99576 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $74,516,748 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.BBEDC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1992 | FormationYr |
| Legal Domicile State | AK | LegalDomicileStateCd |
| Activity Or Mission | TO PROMOTE ECONOMIC GROWTH AND OPPORTUNITIES FOR RESIDENTS OF ITS MEMBER COMMUNITIES; SEE SCH O. THROUGH SUSTAINABLE USE OF THE BERING SEA RESOURCES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 35 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | -$2,940,510 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $28,162,242 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $24,092,975 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,077,335 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,415,464 | CYInvestmentIncomeAmt |
| PY Other Revenue | $205,991 | PYOtherRevenueAmt |
| CY Other Revenue | $76,459 | CYOtherRevenueAmt |
| PY Total Revenue | $32,445,568 | PYTotalRevenueAmt |
| CY Total Revenue | $27,584,898 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $13,042,348 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $16,025,589 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,637,262 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,567,626 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,860,186 | PYOtherExpensesAmt |
| CY Other Expenses | $2,197,327 | CYOtherExpensesAmt |
| PY Total Expenses | $17,539,796 | PYTotalExpensesAmt |
| CY Total Expenses | $20,790,542 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $14,905,772 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $6,794,356 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $306,219,768 | TotalAssetsBOYAmt |
| Total Assets EOY | $361,710,560 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,444,142 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $18,551,121 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $304,775,626 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $343,159,439 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $11,306,287 | ExpenseAmt |
| Grant | $12,439,273 | GrantAmt |
| Desc | COMMUNITY AND BUSINESS DEVELOPMENT - SCHEDULE OCOVID-19 PANDEMIC IMPACTED OUR PROGRAM OPERATIONS IN 2020. 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 2020 (SAME AS 2019). $8,430,000 WAS REQUESTED AND AWARDED. IN ADDITION, A CRAB INVESTMENT OPPORTUNITY AROSE FOR THE COMMUNITIES AND THE BOARD APPROVED ALLOWING COMMUNITIES TO REQUEST 2021 CBG FUNDING IN 2020. $1,921,000 WAS REQUESTED AND AWARDED. IN 2020, A BSAI COMMERCIAL FISHERIES INTERESTS FUND WAS ALSO CREATED TO ASSIST COMMUNITIES WITH A CRAB INVESTMENT OPPORTUNITY. $1,999,430 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 2020 (SAME AS 2019). THE ARCTIC TERN PROGRAM PROVIDES FUNDING FOR COMMUNITIES TO SUPPORT EMPLOYMENT AND EDUCATIONAL ACTIVITIES FOR RESIDENT YOUTH UNDER THE AGE OF 17. IN 2020, $23,490 WAS AWARDED (DOWN FROM $52,945 IN 2019). THE INTEREST RATE ASSISTANCE PROGRAM PROVIDED $39,794 IN INTEREST RATE ASSISTANCE TO 18 RESIDENTS (DOWN FROM 21 RESIDENTS AND $45,163 IN 2019). GRANT WRITING ASSISTANCE OF $16,574 AND TECHNICAL ASSISTANCE OF $8,985 WAS PROVIDED TO COMMUNITIES IN 2020. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,472,847 | ExpenseAmt |
| Grant | $592,389 | GrantAmt |
| Revenue | $69,072 | RevenueAmt |
| Desc | REGIONAL FISHERIES DEVELOPMENT - SEE SCHEDULE OCOVID-19 PANDEMIC IMPACTED OUR PROGRAM OPERATIONS IN 2020. 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 2020, BBEDC'S VESSEL UPGRADE PROGRAM ASSISTED 16 FISHERMEN WITH VESSEL UPGRADES FOR A TOTAL OF $176,413 AND 4 FISHERMEN WITH IN-SEASON EMERGENCY PROVISION GRANTS OF $39,005 (DOWN FROM 43 FISHERMEN AND $731,285 IN 2019). BBEDC CONTINUED WITH ITS QUALITY IMPROVEMENTS PROGRAM BY PURCHASING 20 TOTES FOR 7 FISHERMEN (DOWN FROM 30 TOTES FOR 11 FISHERMEN IN 2019), 23 SLUSH BAGS FOR 5 FISHERMEN (DOWN FROM 58 SLUSH BAGS FOR 10 FISHERMEN IN 2019), PROVIDING FLEX FOAM INSULATION TO 3 FISHERMEN (DOWN FROM 14 IN 2019), AND PURCHASING PADDED DECK MATS FOR 7 FISHERMEN (DOWN FROM 22 IN 2019). RSW FLEET SUPPORT OFFERED GRANTS UP TO $1,000 FOR FISHERMEN THAT HAD RSW SYSTEMS ON BOARD THEIR VESSELS. 17 FISHERMEN WERE AWARDED A TOTAL OF $11,579 (DOWN FROM 25 FISHERMEN AND $19,538 IN 2019). 4 FISHERMEN WERE AWARDED WITH RSW SYSTEMS TOTALING $88,000 (DOWN FROM 8 FISHERMEN AND $176,000 IN 2019). PRE-SEASON ADVANCE LOANS WERE AWARDED TO 27 FISHERMEN IN 2020 (DOWN FROM 40 FISHERMEN IN 2019). IN ADDITION, TWO ICE BARGES DELIVERED 864,104 POUNDS OF ICE (DOWN FROM 2,155,120 POUNDS OF ICE IN 2019) AND $255,000 WAS AWARDED TO FUND FISHERIES HABITAT PROTECTION (UP FORM $247,404 IN 2019). | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,316,366 | ExpenseAmt |
| Revenue | $10,055,706 | RevenueAmt |
| Desc | INVESTMENT MANAGEMENT- $1,316,366 | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,703,234 | ExpenseAmt |
| Grant | $2,993,927 | GrantAmt |
| Revenue | $6,339 | RevenueAmt |
| Desc | EDUCATION, EMPLOYMENT, AND TRAINING - COVID-19 PANDEMIC IMPACTED OUR PROGRAM OPERATIONS IN 2020. THIS PROGRAM OFFERS OPPORTUNITIES TO BBEDC'S CDQ RESIDENTS BY HELPING THEM DEVELOP THEIR SKILLS AND IMPROVE THE ECONOMIC CONDITIONS OF THE REGION. BBEDC'S EDUCATION PROGRAMS CONTINUED PROVIDING RESIDENTS WITH SKILLED LEARNING OPPORTUNITIES. THE COLLEGE DEVELOPMENT FUND PROVIDED BENEFITS TO 68 RESIDENTS WITH FUNDS FOR $102,464 (DOWN FROM $104,927 AND 70 RESIDENTS IN 2019). IN 2020, BBEDC'S VOCATIONAL/TECHNICAL PROGRAM ASSISTED 27 RESIDENTS WITH FUNDS OF $71,826 (DOWN FROM 79 RESIDENTS AND $204,168 IN 2019). BBEDC'S COMMUNITY AND GROUP TRAININGS PROVIDED $44,738 WORTH OF ASSISTANCE (DOWN FROM $318,716 IN 2019). BBEDC CONTINUED ITS FINANCIAL SUPPORT TO THE UAF-BRISTOL BAY CAMPUS FOR ITS ADULT BASIC EDUCATION/GED COURSE SPONSORSHIP IN THE AMOUNT OF $40,000 AS WELL AS PROVIDED A $10,000 CONTRIBUTION TO THEIR NURSING PROGRAM (SAME AS 2019). THE STUDENT LOAN FORGIVENESS PROGRAM PROVIDED 6 RESIDENTS WITH FUNDS TOTALING $13,333 (DOWN FROM $20,287 FOR 8 RESIDENTS IN 2019). BBEDC'S INTERNSHIP PROGRAMS CONTINUED WITH 3 RESIDENTS BENEFITING FROM THE IN-REGION INTERNSHIPS $36,678 (DOWN FROM 4 RESIDENTS AND $32,763 IN 2019), AND 7 YOUTH BENEFITING FROM YOUTH INTERNSHIPS $24,001 (DOWN FROM 18 AND $83,825 IN 2019). BBEDC'S EMPLOYMENT OPPORTUNITIES CONTINUED PROVIDING SEASONAL EMPLOYMENT TO 19 RESIDENTS $152,611 (DOWN FROM 44 AND $318,013 IN 2019) AND PROVIDED 4 RESIDENTS WITH PRE-EMPLOYMENT SCREENINGS FOR AT-SEA EMPLOYMENT (DOWN FROM 7 RESIDENTS IN 2019). IN 2020, BBEDC ALSO PROVIDED FUNDING IN THE AMOUNT OF $150,000 FOR A FISHERIES INITIATIVE PROGRAM WITH A LOCAL SCHOOL DISTRICT (SAME IN 2019).COMMUNITY LIAISONS - $847,283CONTRIBUTIONS - $763,333PERMIT BROKERAGE - $495,532PERMIT AND VESSEL LOAN PROGRAM - $383,113QUOTA MANAGEMENT - $280,510FISHING OPERATIONS - $86 | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $3,703,234 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $2,993,927 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $6,339 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $18,798,734 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | Yes (1) | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 53 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 35 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| Upon Request | Yes (X) | UponRequestInd |
| Other | Yes (X) | OtherInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STACI FIESER | PersonNm |
| Phone | 9078424370 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 411 FIRST AVENUE EAST PO BOX 1464 | AddressLine1Txt |
| City | DILLINGHAM | CityNm |
| State Abbreviation | AK | StateAbbreviationCd |
| ZIP | 99576 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| H ROBIN SAMUELSEN JR | ||||||||
| CHAIRMAN | 1.60 | 0.20 | Yes (X) | Yes (X) | $57,250 | $3,750 | $0 | |
| ROBERT HEYANO | ||||||||
| TREASURER | 1.40 | 0.10 | Yes (X) | Yes (X) | $33,584 | $916 | $0 | |
| HATTIE ALBECKER | ||||||||
| SECRETARY | 1.30 | 0.10 | Yes (X) | Yes (X) | $25,083 | $917 | $0 | |
| GERDA KOSBRUK | ||||||||
| BOARD MEMBER | 1.20 | 0.20 | Yes (X) | $19,750 | $2,250 | $0 | ||
| FRED T ANGASAN SR | ||||||||
| VICE CHAIRMAN | 1.30 | 0.10 | Yes (X) | Yes (X) | $20,000 | $1,000 | $0 | |
| VICTOR SEYBERT | ||||||||
| BOARD MEMBER | 0.90 | 0.10 | Yes (X) | $17,000 | $1,000 | $0 | ||
| MARY ANN JOHNSON | ||||||||
| BOARD MEMBER | 0.90 | 0.20 | Yes (X) | $10,250 | $3,250 | $0 | ||
| KENNETH JENSEN | ||||||||
| BOARD MEMBER | 0.60 | 0.10 | Yes (X) | $3,750 | $2,250 | $0 | ||
| LOUIE ALAKAYAK SR | ||||||||
| BOARD MEMBER | 0.70 | 0.00 | Yes (X) | $5,500 | $0 | $0 | ||
| MARK ANGASAN | ||||||||
| BOARD MEMBER | 0.70 | 0.00 | Yes (X) | $5,000 | $0 | $0 | ||
| JIMMY COOPCHIAK | ||||||||
| BOARD MEMBER | 0.70 | 0.00 | Yes (X) | $5,000 | $0 | $0 | ||
| FRITZ SHARP | ||||||||
| BOARD MEMBER | 0.40 | 0.10 | Yes (X) | $3,250 | $1,750 | $0 | ||
| MICHAEL GOTTSCHALK | ||||||||
| BOARD MEMBER | 0.50 | 0.10 | Yes (X) | $2,500 | $1,500 | $0 | ||
| ALEXANDER TALLEKPALEK | ||||||||
| BOARD MEMBER | 0.60 | 0.00 | Yes (X) | $4,000 | $0 | $0 | ||
| MARGIE ALOYSIUS | ||||||||
| BOARD MEMBER | 0.40 | 0.00 | Yes (X) | $3,000 | $0 | $0 | ||
| HARRY WASSILY SR | ||||||||
| BOARD MEMBER | 0.40 | 0.00 | Yes (X) | $3,000 | $0 | $0 | ||
| JUSTIN ALTO | ||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $2,500 | $0 | $0 | ||
| WILLIAM YOST | ||||||||
| ALT BOARD MEMBER | 0.10 | 0.00 | Yes (X) | $500 | $0 | $0 | ||
| NORMAN VAN VACTOR | ||||||||
| PRESIDENT & CEO | 40.00 | 0.00 | Yes (X) | $268,844 | $0 | $41,849 | ||
| PAUL PEYTON | ||||||||
| SIO | 40.00 | 0.00 | Yes (X) | $191,600 | $0 | $37,846 | ||
| STACI FIESER | ||||||||
| CFO | 40.00 | 0.00 | Yes (X) | $130,207 | $0 | $50,142 | ||
| HELEN SMEATON | ||||||||
| COO | 40.00 | 0.00 | Yes (X) | $130,435 | $0 | $34,225 | ||
| CHRISTOPHER NAPOLI | ||||||||
| CAO | 40.00 | 0.00 | Yes (X) | $109,212 | $0 | $37,937 | ||
| ALICE RUBY | ||||||||
| PROGRAM DIRECTOR | 40.00 | 0.00 | $114,594 | $0 | $24,547 | Yes (X) | ||
| CLIFFORD TUBBS | ||||||||
| FINANCE OFFICER | 40.00 | 0.00 | $113,669 | $0 | $19,635 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,279,478 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $18,583 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $246,181 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ZACHARY SCOTT & COMPANY | |||||
| 1200 FIFTH AVENUE SUITE 1500 | SEATTLE | WA | 98122 | PROFESSIONAL SERVICES | $432,378 |
| YARMUTH LLP | |||||
| 501 EAST PINE ST | SEATTLE | WA | 98122 | PROFESSIONAL SERVICES | $382,316 |
| SUMMIT LAW GROUP LLC | |||||
| 315 5TH AVENUE SOUTH SUITE 1000 | SEATTLE | WA | 98122 | PROFESSIONAL SERVICES | $254,903 |
| NERKA TRANSPORT | |||||
| 7570 NE 28TH PL | MEDINA | WA | 98039 | TOWING SERVICES | $254,780 |
| JAMES K BARNETT | |||||
| 10050 PROSPECT DRIVE | ANCHORAGE | AK | 99507 | PROFESSIONAL SERVICES | $229,847 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 10 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|---|
| CDQ ROYALTIES | 110000 | $14,811,728 | $14,811,728 | ||
| EQUITY IN EARNING OF AFFILIATE | 110000 | $7,328,663 | $10,055,706 | -$2,727,043 | |
| IFQ ROYALTIES | 110000 | $2,166,051 | $2,166,051 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$213,467 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$213,467 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $24,092,975 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,161,056 | TotalRevenueColumnAmt |
| Exclusion | $2,161,056 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $48,186,258 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $46,931,850 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,254,408 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,254,408 | TotalRevenueColumnAmt |
| Exclusion | $1,254,408 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| ICE SALES FROM BARGES | 110000 | $68,164 | $68,164 | |
| IRS- COVID WAGES RECEIVABLES | 900099 | $5,457 | $5,457 | |
| SECURITIES LITIGATION SETTLEMENT | 900099 | $1,048 | $1,048 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,790 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,790 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $76,459 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $27,584,898 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,131,117 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$2,940,510 | UnrelatedBusinessRevenueAmt |
| Exclusion | $20,394,291 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,705,429 | TotalAmt |
| Program Services | $14,705,429 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,320,160 | TotalAmt |
| Program Services | $1,320,160 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,279,478 | TotalAmt |
| Program Services | $408,611 | ProgramServicesAmt |
| Management And General | $870,867 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $682,036 | TotalAmt |
| Program Services | $508,541 | ProgramServicesAmt |
| Management And General | $173,495 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,287 | TotalAmt |
| Program Services | $19,375 | ProgramServicesAmt |
| Management And General | $32,912 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $425,060 | TotalAmt |
| Program Services | $231,869 | ProgramServicesAmt |
| Management And General | $193,191 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $128,765 | TotalAmt |
| Program Services | $62,334 | ProgramServicesAmt |
| Management And General | $66,431 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $311,529 | TotalAmt |
| Program Services | $297,066 | ProgramServicesAmt |
| Management And General | $14,463 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $160,656 | TotalAmt |
| Management And General | $160,656 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $319,049 | TotalAmt |
| Program Services | $317,134 | ProgramServicesAmt |
| Management And General | $1,915 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $802,461 | TotalAmt |
| Program Services | $647,737 | ProgramServicesAmt |
| Management And General | $154,724 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,199 | TotalAmt |
| Program Services | $15,179 | ProgramServicesAmt |
| Management And General | $8,020 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,592 | TotalAmt |
| Program Services | $9,707 | ProgramServicesAmt |
| Management And General | $101,885 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,388 | TotalAmt |
| Management And General | $26,388 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $129,948 | TotalAmt |
| Program Services | $60,937 | ProgramServicesAmt |
| Management And General | $69,011 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,437 | TotalAmt |
| Program Services | $28,847 | ProgramServicesAmt |
| Management And General | $38,590 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,799 | TotalAmt |
| Program Services | $565 | ProgramServicesAmt |
| Management And General | $2,234 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,385 | TotalAmt |
| Program Services | $88,385 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $119,300 | TotalAmt |
| Program Services | $40,123 | ProgramServicesAmt |
| Management And General | $79,177 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $166,644 | TotalAmt |
| Program Services | $98,944 | ProgramServicesAmt |
| Management And General | $67,700 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| FISHING IMPAIRMENT LOSS | $235,000 | $235,000 | |
| PROGRAM EXPENSES- OTHER | $225,660 | $225,660 | |
| REPAIRS & MAINTENANCE | $198,466 | $198,466 | |
| DUES & SUBSCRIPTIONS | $84,484 | $80,894 | $3,590 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$875,670 | TotalAmt |
| Program Services | -$802,229 | ProgramServicesAmt |
| Management And General | -$73,441 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,790,542 | TotalAmt |
| Program Services | $18,798,734 | ProgramServicesAmt |
| Management And General | $1,991,808 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,806,117 | BOYAmt |
| EOY | $28,650,016 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,041,523 | BOYAmt |
| EOY | $12,469,666 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $3,000,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $661,906 | BOYAmt |
| EOY | $1,623,737 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $11,202,404 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,453,013 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,646,055 | BOYAmt |
| EOY | $6,749,391 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,252,341 | BOYAmt |
| EOY | $120,448,632 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,957,850 | BOYAmt |
| EOY | $124,167,595 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,368,275 | BOYAmt |
| EOY | $63,579,523 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $485,701 | BOYAmt |
| EOY | $1,022,000 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $306,219,768 | BOYAmt |
| EOY | $361,710,560 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $746,299 | BOYAmt |
| EOY | $580,300 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $672,833 | BOYAmt |
| EOY | $1,157,173 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,000 | BOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $16,500,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10 | BOYAmt |
| EOY | $313,648 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,444,142 | BOYAmt |
| EOY | $18,551,121 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $304,775,626 | BOYAmt |
| EOY | $343,159,439 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $304,775,626 | BOYAmt |
| EOY | $343,159,439 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $306,219,768 | BOYAmt |
| EOY | $361,710,560 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $6,794,356 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $10,991,268 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $20,598,189 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $202,399 | OtherCostOrOtherBasisAmt |
| Book Value | $202,399 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,687,117 | OtherCostOrOtherBasisAmt |
| Depreciation | $566,099 | DepreciationAmt |
| Book Value | $1,121,018 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $447,157 | OtherCostOrOtherBasisAmt |
| Depreciation | $358,083 | DepreciationAmt |
| Book Value | $89,074 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,865,731 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,528,831 | DepreciationAmt |
| Book Value | $5,336,900 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $6,749,391 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENT IN UNCONSOLIDATED AFFILIATES | $82,262,860 | C |
| INVESTMENT IN IFQS | $26,967,693 | C |
| INVESTMENT IN FISHING RIGHTS | $2,762,212 | C |
| INVESTMENT IN CONSOLIDATED AFFILIATES | $12,174,830 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $124,167,595 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCOUNTS PAYABLE TO AFFILIATE | $312,701 |
| STATE INCOME TAXES PAYABLE | $947 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $313,648 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $58,855,306 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $10,991,268 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $20,598,189 | OtherRevenueAmt |
| Revenue Not Reported | $31,589,457 | RevenueNotReportedAmt |
| Revenue Subtotal | $27,265,849 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $319,049 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $319,049 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $27,584,898 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $20,471,493 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $20,471,493 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $319,049 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $319,049 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $20,790,542 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART XI, LINE 2D - OTHER ADJUSTMENTS: | FormAndLineReferenceDesc |
| Explanation | EQUITY IN EARNINGS OF ENTITIES CONDOLIDATED FOR AFS 1,788,006. GAIN ON DISPOSAL AND ON CONVERSION OF UNCONSOLIDATED AFFILIATES 18,810,183. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (37 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| AK DEPT OF FISH & GAME | |||||||
| PO BOX 230 | DILLINGHAM | AK | 99576 | 926001185 | STATE OF ALASKA | $7,533 | SEASONAL EMPLOYMENT OPPORTUNITIES |
| ALEKNAGIK TRADITIONAL COUNCIL | |||||||
| PO BOX 115 | ALEKNAGIK | AK | 99555 | 942857786 | TRIBAL COUNCIL | $766,130 | ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, PROMOTION OF PROGRAMS, AND OPPORTUNITIES FOR YOUTH |
| CITY OF ALEKNAGIK | |||||||
| PO BOX 33 | ALEKNAGIK | AK | 99555 | 920079021 | CITY | $184,499 | ECONOMIC DEVELOPMENT AND SEASONAL EMPLOYMENT OPPORTUNITIES |
| BRISTOL BAY BOROUGH SD | |||||||
| PO BOX 169 | NAKNEK | AK | 99633 | 920029587 | STATE OF ALASKA | $150,000 | EDUCATIONAL FISHERIES INITIATIVE |
| BRISTOL BAY NATIVE ASSOC | |||||||
| PO BOX 310 | DILLINGHAM | AK | 99576 | 920041473 | 501 (C)(3) | $5,945 | SEASONAL EMPLOYMENT OPPORTUNITIES |
| CLARK'S POINT VILLAGE COUNCIL | |||||||
| PO BOX 9 | CLARKS POINT | AK | 99569 | 920073206 | TRIBAL COUNCIL | $603,641 | ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, PROMOTION OF PROGRAMS, AND OPPORTUNITIES FOR YOUTH |
| CITY OF CLARK'S POINT | |||||||
| PO BOX 110 | CLARKS POINT | AK | 99569 | 920094157 | CITY | $299,692 | ECONOMIC DEVELOPMENT |
| CURYUNG TRIBAL COUNCIL | |||||||
| PO BOX 216 | DILLINGHAM | AK | 99576 | 920069902 | TRIBAL COUNCIL | $685,238 | ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, AND PROMOTION OF PROGRAMS |
| CITY OF DILLINGHAM | |||||||
| PO BOX 889 | DILLINGHAM | AK | 99576 | 920030674 | CITY | $21,055 | COMMUNITY/GROUP TRAININGS, SEASONAL EMPLOYMENT OPPORTUNITIES, AND YOUTH EMPLOYMENT |
| DILLINGHAM CITY SCHOOL DIST | |||||||
| PO BOX 170 | DILLINGHAM | AK | 99576 | 920031132 | STATE OF ALASKA | $5,867 | SEASONAL EMPLOYMENT OPPORTUNITIES |
| EGEGIK VILLAGE COUNCIL | |||||||
| PO BOX 29 | EGEGIK | AK | 99579 | 920063332 | TRIBAL COUNCIL | $685,333 | ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, AND PROMOTION OF PROGRAMS |
| EKUK VILLAGE COUNCIL | |||||||
| PO BOX 530 | DILLINGHAM | AK | 99576 | 920163114 | TRIBAL COUNCIL | $685,238 | ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, AND PROMOTION OF PROGRAMS |
| EKWOK NATIVES LIMITED | |||||||
| PO BOX 29 | EKWOK | AK | 99580 | 920049722 | N/A | $21,907 | SEASONAL EMPLOYMENT OPPORTUNITIES; AND YOUTH EMPLOYMENT |
| EKWOK VILLAGE COUNCIL | |||||||
| PO BOX 70 | EKWOK | AK | 99580 | 943057295 | TRIBAL COUNCIL | $709,887 | ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, PROMOTION OF PROGRAMS, GRANT WRITING ASSISTANCE, SEASONAL EMPLOYMENT OPPORTUNITIES, AND YOUTH EMPLOYMENT |
| CITY OF EKWOK | |||||||
| PO BOX 49 | EKWOK | AK | 99580 | 920086143 | CITY | $29,995 | SEASONAL EMPLOYMENT OPPORTUNITIES AND YOUTH EMPLOYMENT |
| JERRY LIBOFF DBA JERRY'S TAX | |||||||
| PO BOX 646 | DILLINGHAM | AK | 99576 | 573646462 | N/A | $10,426 | SEASONAL EMPLOYMENT OPPORTUNITIES |
| JODIE HAZENBERG DBA JODIE'S I | |||||||
| PO BOX 310 | NAKNEK | AK | 99633 | 565153446 | N/A | $14,048 | SEASONAL EMPLOYMENT OPPORTUNITIES |
| KDLG | |||||||
| PO BOX 670 | DILLINGHAM | AK | 99576 | 920031132 | STATE OF ALASKA | $22,963 | SEASONAL EMPLOYMENT OPPORTUNITIES; DONATION FOR PUBLIC RADIO |
| KING SALMON VILLAGE COUNCIL | |||||||
| PO BOX 68 | KING SALMON | AK | 99613 | 920177073 | TRIBAL COUNCIL | $939,734 | ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, AND PROMOTION OF PROGRAMS |
| LEVELOCK VILLAGE COUNCIL | |||||||
| PO BOX 70 | LEVELOCK | AK | 99625 | 920074206 | TRIBAL COUNCIL | $808,304 | ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, PROMOTION OF PROGRAMS, AND OPPORTUNITIES FOR YOUTH |
| LITTLE ANGELS CHILDCARE ACAD | |||||||
| PO BOX 6 | NAKNEK | AK | 99633 | 813588221 | 501 (C)(3) | $15,562 | SEASONAL EMPLOYMENT OPPORTUNITIES |
| MANOKOTAK VILLAGE COUNCIL | |||||||
| PO BOX 169 | MANOKOTAK | AK | 99628 | 920124434 | TRIBAL COUNCIL | $729,733 | ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, PROMOTION OF PROGRAMS, AND COMMUNITY/GROUP TRAININGS |
| CITY OF MANOKOTAK | |||||||
| PO BOX 170 | MANOKOTAK | AK | 99628 | 920037650 | CITY | $152,520 | ECONOMIC DEVELOPMENT, AND OPPORTUNITIES FOR YOUTH |
| NAKNEK VILLAGE COUNCIL | |||||||
| PO BOX 106 | NAKNEK | AK | 99633 | 920058661 | TRIBAL COUNCIL | $572,093 | ECONOMIC DEVELOPMENT, PROMOTION OF PROGRAMS, AND INTERNSHIPS |
| NUSHAGAK ELECTRIC & TELEPHONE | |||||||
| PO BOX 350 | DILLINGHAM | AK | 99576 | 920177246 | 501 (C)(12) | $11,589 | INTERNSHIPS |
| PILOT POINT TRIBAL COUNCIL | |||||||
| PO BOX 449 | PILOT POINT | AK | 99649 | 990143318 | TRIBAL COUNCIL | $552,000 | ECONOMIC DEVELOPMENT, AND PROMOTION OF PROGRAMS |
| NATIVE VILLAGE OF PORT HEIDEN | |||||||
| PO BOX 49007 | PORT HEIDEN | AK | 99549 | 920059922 | TRIBAL COUNCIL | $694,223 | ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, PROMOTION OF PROGRAMS, AND TECHNICAL ASSISTANCE |
| PORTAGE CREEK VILLAGE COUNCIL | |||||||
| 1762 ABBOTT ROAD | ANCHORAGE | AK | 99507 | 920070857 | TRIBAL COUNCIL | $633,238 | ECONOMIC DEVELOPMENT, AND BSAI COMMERCIAL FISHERIES INTERESTS |
| SOUTH NAKNEK VILLAGE COUNCIL | |||||||
| 2521 E MOUNTAIN VILLAGE DR | WASILLA | AK | 99654 | 920065146 | TRIBAL COUNCIL | $964,238 | ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, AND PROMOTION OF PROGRAMS |
| SW AK VOC & EDUC CENTER | |||||||
| PO BOX 615 | KING SALMON | AK | 99613 | 920174741 | 501 (C)(3) | $23,500 | COMMUNITY/GROUP TRAININGS |
| TRADITIONAL COUNCIL OF TOGIAK | |||||||
| PO BOX 310 | TOGIAK | AK | 99678 | 920113885 | TRIBAL COUNCIL | $1,020,134 | ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, AND PROMOTION OF PROGRAMS |
| TWIN HILLS VILLAGE COUNCIL | |||||||
| PO BOX TWA | TWIN HILLS | AK | 99576 | 920062296 | TRIBAL COUNCIL | $909,586 | ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, PROMOTION OF PROGRAMS, AND SEASONAL EMPLOYMENT |
| UNI OF AK FOUNDATION- BB | |||||||
| PO BOX 755080 | FAIRBANKS | AK | 99775 | 237394620 | 501 (C)(3) | $50,000 | GED/ADULT BASIC EDUCATION, AND NURSING PROGRAM |
| UGASHIK TRADITIONAL VILLAGE | |||||||
| 2525 BLUEBERRY ROAD STE 205 | ANCHORAGE | AK | 99503 | 920160597 | TRIBAL COUNCIL | $691,333 | ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, PROMOTION OF PROGRAMS, AND OPPORTUNITIES FOR YOUTH |
| UNITED TRIBES OF BRISTOL BAY | |||||||
| PO BOX 1252 | DILLINGHAM | AK | 99576 | 300785358 | TRIBAL COUNCIL | $269,912 | FISHERIES HABITAT PROTECTION, SEASONAL EMPLOYMENT OPPORTUNITIES, AND INTERNSHIPS |
| BRISTOL BAY SCIENCE AND RESEARCH INSTITUTE | |||||||
| PO BOX 1464 | DILLINGHAM | AK | 99576 | 920168036 | 501 (C)(3) | $750,000 | SCIENTIFIC AND EDUCATIONAL PROJECTS |
| SEASHARE | |||||||
| 600 ERICKSEN AVE NE SUITE 310 | BAINBRIDGE | WA | 98110 | 911641242 | 501 (C)(3) | $8,333 | HUNGER-RELIEF EFFORTS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 33 | Total501c3OrgCnt |
| Total Other Org | 4 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (20 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| PERMIT LOAN PROGRAM | 49 | $240,798 | |||
| PERMIT & VESSEL LOAN TECH. ASSIST. | 27 | $17,965 | |||
| EMERGENCY TRANSFER GRANTS | 23 | $144,809 | |||
| SHOREFISH LEASES | 2 | $1,512 | |||
| VESSEL ACQUISITION PROGRAM | 18 | $198,110 | |||
| INTEREST RATE ASSISTANCE | 18 | $39,794 | |||
| PERSONAL FINANCE/ EDUCATION | 31 | $2,160 | |||
| TAX ASSISTANCE PROGRAM | 1000 | $150,000 | |||
| PRE-SEASON ADVANCES | 27 | ||||
| VESSEL UPGRADES | 16 | $176,413 | |||
| IN-SEASON EMERGENCY PROVISION PROG. | 4 | $39,005 | |||
| RSW PURCHASE PROGRAM | 4 | $88,000 | |||
| RSW FLEET SUPPORT | 17 | $11,579 | |||
| STUDENT LOAN FORGIVENESS | 6 | $13,333 | |||
| COLLEGE DEVELOPMENT FUND | 68 | $102,464 | |||
| VOC/ TECHNICAL TRAINING PROGRAM | 27 | $71,826 | |||
| QUALITY IMPROV. PROGRAM- TOTES | 7 | $11,613 | BOOK | TOTES FOR ICING FISH | |
| QUALITY IMPROV. PROGRAM- SLUSH BAGS | 5 | $5,983 | BOOK | SLUSH BAGS FOR ICING FISH | |
| QUALITY IMPROV. PROGRAM- DECK MATS | 7 | $3,656 | BOOK | PADDED DECK MATS FOR BOATS | |
| QUALITY IMPROV. PROGRAM- INSULATION | 3 | $1,140 | BOOK | FOAM INSULATION FOR ICING FISH |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NORMAN VAN VACTOR | ||||||||||||||
| PRESIDENT & CEO | $243,344 | $0 | $25,500 | $0 | $0 | $0 | $9,726 | $0 | $32,123 | $0 | $310,693 | $0 | $0 | $0 |
| PAUL PEYTON | ||||||||||||||
| SIO | $191,100 | $0 | $500 | $0 | $0 | $0 | $5,723 | $0 | $32,123 | $0 | $229,446 | $0 | $0 | $0 |
| STACI FIESER | ||||||||||||||
| CFO | $129,707 | $0 | $500 | $0 | $0 | $0 | $5,306 | $0 | $44,836 | $0 | $180,349 | $0 | $0 | $0 |
| HELEN SMEATON | ||||||||||||||
| COO | $129,935 | $0 | $500 | $0 | $0 | $0 | $4,534 | $0 | $29,691 | $0 | $164,660 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (6 entries)
| Relationship With OrgRelationshipWithOrgTxt | Cash GrantCashGrantAmt | Type Of AssistanceTypeOfAssistanceTxt | Assistance PurposeAssistancePurposeTxt |
|---|---|---|---|
| FREDERICK T ANGASAN III | |||
| GRANDSON OF BOARD MEMBER | $1,500 | EDUCATIONAL | EDUCATION |
| DEANNA OLSEN | |||
| DAUGHTER-IN-LAW OF BOARD MEMBER | $809 | TRAINING ASSISTANCE | JOB TRAINING |
| KIMBERLY SEYBERT | |||
| DAUGHTER OF BOARD MEMBER | $1,175 | TRAINING ASSISTANCE | JOB TRAINING |
| (no name) | |||
| JOB TRAINING | |||
| KRISTINA ANDREW | |||
| STEP DAUGHTER OF OFFICER | $775 | TRAINING ASSISTANCE | JOB TRAINING |
| ALEXANDER TALLEKPALEK | |||
| BOARD MEMBER | $1,506 | TRAINING ASSISTANCE | JOB TRAINING |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | BOARD MEMBERS - CURRENT YEAR BOARD MEMBERS - MARK ANGASAN AND FRED ANGASAN, SR. HAVE A FAMILY RELATIONSHIP. |
| 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 AND CAO 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 A 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 ISSUES 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 5-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 COO/CEO, WITH THE PRESIDENT/CEO HAVING FINAL APPROVAL FOR ALL EMPLOYEES. IN ADDITION, FORMAL CONTRACTS ARE REQUIRED ANNUALLY FOR THE FOLLOWING POSITIONS: CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER, AND SEAFOOD INVESTMENT OFFICER. |
| 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 1,788,006. GAIN ON DISPOSAL AND ON CONVERSION OF UNCONSOLIDATED AFFILIATES 18,810,183. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| BRISTOL BAY ICE LLC | |||||||||
| PO BOX 1464 | DILLINGHAM | AK | 995761464 | 204176963 | COMMERCIAL FISHING | AK | $68,364 | $153,385 | BBEDC |
| ALEUTIAN MARINER VESSEL LLC | |||||||||
| PO BOX 1464 | DILLINGHAM | AK | 995761464 | 862441869 | COMMERCIAL FISHING | AK | $0 | $1,684,318 | BBEDC |
| BRISTOL MARINER VESSEL LLC | |||||||||
| PO BOX 1464 | DILLINGHAM | AK | 995761464 | 862462751 | COMMERCIAL FISHING | AK | $0 | $1,588,909 | BBEDC |
| NORDIC MARINER VESSEL LLC | |||||||||
| PO BOX 1464 | DILLINGHAM | AK | 995761464 | 862496483 | COMMERCIAL FISHING | AK | $0 | $1,671,281 | BBEDC |
| PAC MARINER VESSEL LLC | |||||||||
| PO BOX 1464 | DILLINGHAM | AK | 995761464 | 862526071 | COMMERCIAL FISHING | AK | $0 | $1,695,748 | BBEDC |
| OBS FISHMEAL LLC | |||||||||
| PO BOX 1464 | DILLINGHAM | AK | 995761464 | 814555564 | FISHMEAL PLANT | AK | $1,910,509 | $24,080,600 | BBEDC |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| BRISTOL BAY SCIENCE & RESEARCH INSTITUTE | ||||||||||
| PO BOX 1464 | DILLINGHAM | AK | 995761464 | 920168036 | SCIENCE/ EDUCATIONAL | AK | 501(C)(3) | LINE 7 | BBEDC | Yes (1) |
| HARVEY SAMUELSON SCHOLARSHIP TRUST | ||||||||||
| PO BOX 1464 | DILLINGHAM | AK | 995761464 | 300065137 | SCHOLARSHIPS | AK | 501(C)(3) | PF | BBEDC | Yes (1) |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (21 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ALASKAN LEADER FISHERIES LLC | ||||||||||||||
| 8874 BENDER RD | LYNDEN | WA | 98264 | 611503131 | COMMERCIAL FISHING | AK | N/A | RELATED | -$280,407 | $1,487,341 | Yes (1) | 0 | 0.50000 | |
| ALASKAN LEADER SEAFOODS LLC | ||||||||||||||
| 8874 BENDER RD | LYNDEN | WA | 98264 | 205851344 | FISH MARKETING | AK | N/A | RELATED | $984,430 | $3,788,838 | 0 | 0 | 0.50000 | |
| ALASKAN LEADER VESSEL LLC | ||||||||||||||
| 8874 BENDER RD | LYNDEN | WA | 98264 | 920142904 | COMMERCIAL FISHING | AK | N/A | RELATED | $354,953 | $3,810,478 | Yes (1) | 0 | 0.50000 | |
| ALEUTIAN LEADER FISHERIES LLC | ||||||||||||||
| 8875 BENDER RD | LYNDEN | WA | 98265 | 261607537 | COMMERCIAL FISHING | AK | N/A | RELATED | -$52,198 | 0 | 0 | |||
| ATECH SERVICES LLC | ||||||||||||||
| 8876 BENDER RD | LYNDEN | WA | 98266 | 262712575 | FABRICATION | WA | N/A | UNRELATED | -$227,378 | -$79,274 | 0 | 0 | 0.50000 | |
| BERING LEADER FISHERIES LLC | ||||||||||||||
| 8877 BENDER RD | LYNDEN | WA | 98267 | 432055793 | COMMERCIAL FISHING | AK | N/A | RELATED | -$156,520 | $389,029 | Yes (1) | 0 | 0.50000 | |
| BRISTOL LEADER FISHERIES LLC | ||||||||||||||
| 8878 BENDER RD | LYNDEN | WA | 98268 | 911780779 | COMMERCIAL FISHING | AK | N/A | RELATED | $151,399 | $3,843,649 | Yes (1) | 0 | 0.50000 | |
| KODIAK LEADER FISHERIES LLC | ||||||||||||||
| 8879 BENDER RD | LYNDEN | WA | 98269 | 272387715 | COMMERCIAL FISHING | AK | N/A | RELATED | -$412,523 | $8,055,704 | 0 | 0 | 0.50000 | |
| NORTHERN LEADER FISHERIES LLC | ||||||||||||||
| 8880 BENDER RD | LYNDEN | WA | 98270 | 454219695 | COMMERCIAL FISHING | AK | N/A | RELATED | $506,125 | $4,219,107 | Yes (1) | 0 | 0.50000 | |
| WASHINGTON LANDMARK HOLDINGS LLC | ||||||||||||||
| 8881 BENDER RD | LYNDEN | WA | 98271 | 465732160 | REAL ESTATE | AK | N/A | RELATED | -$3,059 | 0 | 0 | |||
| DONA MARTITA LLC | ||||||||||||||
| 20308 DAYTON AVENUE | SHORELINE | WA | 98133 | 912089115 | COMMERCIAL FISHING | WA | N/A | RELATED | $1,592,125 | $10,426,563 | 0 | 0 | 0.50000 | |
| OCEAN BEAUTY SEAFOODS LLC | ||||||||||||||
| PO BOX 70739 | SEATTLE | WA | 98127 | 208899430 | SEAFOOD PROCESSING | AK | N/A | RELATED | -$797,024 | $114,085,916 | 0 | 0 | 0.50000 | |
| ALASKAN MARINER LLC | ||||||||||||||
| PO BOX 1464 | DILLINGHAM | AK | 99576 | 200499337 | COMMERCIAL FISHING | WA | RELATED | $211,084 | $12,563 | 0 | 0 | 0.72520 | BBEDC | |
| ALEUTIAN MARINER LLC | ||||||||||||||
| PO BOX 1464 | DILLINGHAM | WA | 99576 | 911424870 | COMMERCIAL FISHING | WA | RELATED | $288,991 | -$77,583 | Yes (1) | 0 | 0.77330 | BBEDC | |
| ARCTIC MARINER LLC | ||||||||||||||
| 5470 SHILSHOLE AVE | SEATTLE | AK | 98127 | 911530408 | COMMERCIAL FISHING | WA | N/A | RELATED | $296,488 | -$32,727 | Yes (1) | 0 | ||
| BRISTOL MARINER LLC | ||||||||||||||
| PO BOX 1464 | DILLINGHAM | WA | 99576 | 911812263 | COMMERCIAL FISHING | AK | RELATED | $559,630 | -$56,017 | Yes (1) | 0 | 0.76160 | BBEDC | |
| CASCADE MARINER LLC | ||||||||||||||
| 5470 SHILSHORE AVE | SEATTLE | AK | 98127 | 912095173 | COMMERCIAL FISHING | WA | N/A | RELATED | $16,413 | $122,702 | Yes (1) | 0 | ||
| NORDIC MARINER LLC | ||||||||||||||
| PO BOX 1464 | DILLINGHAM | AK | 99576 | 911837754 | COMMERCIAL FISHING | WA | RELATED | $274,481 | -$84,097 | Yes (1) | 0 | 0.72810 | BBEDC | |
| NORTHERN MARINER LLC | ||||||||||||||
| 5470 SHILSHORE AVE | SEATTLE | AK | 98127 | 911942159 | COMMERCIAL FISHING | WA | N/A | RELATED | $160,584 | $4,557 | Yes (1) | 0 | ||
| PAC MARINER LLC | ||||||||||||||
| PO BOX 1464 | DILLINGHAM | AK | 99576 | 911424629 | COMMERCIAL FISHING | WA | RELATED | $277,792 | -$1,389 | 0 | 0 | 0.75970 | BBEDC | |
| WESTERN MARINER LLC | ||||||||||||||
| 5470 SHILSHOLE AVE | SEATTLE | AK | 98127 | 800074651 | COMMERCIAL FISHING | WA | N/A | RELATED | $122,350 | $187,699 | 0 | 0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| BRISTOL BAY SCIENCE AND RESEARCH INSTITUTE | ||
| B | $750,000 | FMV |
| BRISTOL BAY SCIENCE AND RESEARCH INSTITUTE | ||
| Q | $264,152 | FMV |
| HARVEY SAMUELSEN SCHOLARSHIP TRUST | ||
| Q | $72,751 | FMV |
Unrelated Org Txbl Partnership UnrelatedOrgTxblPartnershipGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ARCTIC STORM HOLDINGS | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2727 ALASKAN WAY | AddressLine1Txt |
| City | SEATTLE | CityNm |
| State Abbreviation | AK | StateAbbreviationCd |
| ZIP | 98121 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 911551320 | EIN |
| Primary Activities | FISHING | PrimaryActivitiesTxt |
| Legal Domicile State | WA | LegalDomicileStateCd |
| Predominate Income | RELATED | PredominateIncomeDesc |
| All Partners C3 S | 0 | AllPartnersC3SInd |
| Share Of Total Income | $5,002,663 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $33,684,322 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | Yes (1) | DisproportionateAllocationsInd |
| General Or Managing Partner | 0 | GeneralOrManagingPartnerInd |
| Ownership | 0.18300 | OwnershipPct |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III- PARTNERSHIP FULL NAME, ADDRESS, FEIN | ALASKAN LEADER FISHERIES, LLC 61-1503131 8874 BENDER RD, STE 201 LYNDEN, WA 98264 ALASKAN LEADER SEAFOODS, LLC 20-5851344 8874 BENDER RD, STE 201 LYNDEN, WA 98264 ALASKAN LEADER VESSEL, LLC 92-0142904 8874 BENDER RD, STE 201 LYNDEN, WA 98264 ALEUTIAN LEADER FISHERIES, LLC 26-1607537 8874 BENDER RD, STE 201 LYNDEN, WA 98264 ATECH SERVICES, LLC 26-2712575 8874 BENDER ROAD, SUITE 201 LYNDEN, WA 98264 BERING LEADER FISHERIES, LLC 43-2055793 8874 BENDER ROAD, SUITE 201 LYNDEN, WA 98264 BRISTOL LEADER FISHERIES, LLC 91-1780779 8874 BENDER ROAD, SUITE 201 LYNDEN, WA 98264 KODIAK LEADER FISHERIES, LLC 27-2387715 8874 BENDER ROAD, SUITE 201 LYNDEN, WA 98264 NORTHERN LEADER FISHERIES, LLC 45-4219695 8874 BENDER ROAD, SUITE 201 LYNDEN, WA 98264 WASHINGTON LANDMARK HOLDINGS, LLC 46-5732160 8874 BENDER ROAD, SUITE 201 LYNDEN, WA 98264 DONA MARTITA, LLC 91-2089115 20308 DAYTON AVENUE N SHORELINE, WA 98133 OCEAN BEAUTY SEAFOODS, LLC 20-8899430 PO BOX 70739 SEATTLE, WA 98127-1539 ALASKAN MARINER, LLC 20-0499337 PO BOX 1464 DILLINGHAM, AK 99576 ALEUTIAN MARINER, LLC 91-1424870 PO BOX 1464 DILLINGHAM, AK 99576 ARCTIC MARINER, LLC 91-1530408 5470 SHILSHOLE AVENUE NW, SUITE 410 SEATTLE, WA 98107 BRISTOL MARINER, LLC 91-1812263 PO BOX 1464 DILLINGHAM, AK 99576 CASCADE MARINER, LLC 91-2095173 5470 SHILSHOLE AVENUE NW, SUITE 410 SEATTLE, WA 98107 NORDIC MARINER, LLC 91-1837754 PO BOX 1464 DILLINGHAM, AK 99576 NORTHERN MARINER, LLC 91-1942159 5470 SHILSHOLE AVENUE NW, SUITE 410 SEATTLE, WA 98107 PAC MARINER, LLC 91-1424629 PO BOX 1464 DILLINGHAM, AK 99576 WESTERN MARINER, LLC 80-0074651 5470 SHILSHOLE AVENUE NW, SUITE 410 SEATTLE, WA 98107 |
| PART VI- PARTNERSHIP FULL NAME, ADDRESS, FEIN | ARCTIC STORM HOLDING COMPANY, LLC 91-1551320 2727 ALASKAN WAY SEATTLE, AK 98121 |
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