2023-06-13T13:27:42-05:00 2020-12-31 135565207 KPMG LLP 550 SOUTH HOPE STREET LOS ANGELES CA 90071 990 2020-01-01 920142567 BRISTOL BAY ECONOMIC DEVELOPMENT CORP BRIS 9078424370 PO BOX 1464 DILLINGHAM AK 99576 STACI FIESER CFO 9078424370 2023-06-13 1 STACI FIESER 999009999 DAVID M HIGHFILL P01517891 2139724000 2023-06-13 0 AAL1 IAL1 2020 2023-04-26 12:10:37Z MICHAEL LINK PO BOX 1464 DILLINGHAM AK 99576 74516748 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 12 35 0 -2940510 0 0 0 28162242 24092975 4077335 3415464 205991 76459 32445568 27584898 13042348 16025589 0 0 2637262 2567626 0 0 0 1860186 2197327 17539796 20790542 14905772 6794356 306219768 361710560 1444142 18551121 304775626 343159439 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 11306287 12439273 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. 2472847 592389 69072 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). 1316366 10055706 INVESTMENT MANAGEMENT- $1,316,366 3703234 2993927 6339 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 3703234 2993927 6339 18798734 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 53 0 1 35 1 1 1 0 0 0 0 0 0 0 X 17 12 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 0.20 X X 57250 3750 0 ROBERT HEYANO TREASURER 1.40 0.10 X X 33584 916 0 HATTIE ALBECKER SECRETARY 1.30 0.10 X X 25083 917 0 GERDA KOSBRUK BOARD MEMBER 1.20 0.20 X 19750 2250 0 FRED T ANGASAN SR VICE CHAIRMAN 1.30 0.10 X X 20000 1000 0 VICTOR SEYBERT BOARD MEMBER 0.90 0.10 X 17000 1000 0 MARY ANN JOHNSON BOARD MEMBER 0.90 0.20 X 10250 3250 0 KENNETH JENSEN BOARD MEMBER 0.60 0.10 X 3750 2250 0 LOUIE ALAKAYAK SR BOARD MEMBER 0.70 0.00 X 5500 0 0 MARK ANGASAN BOARD MEMBER 0.70 0.00 X 5000 0 0 JIMMY COOPCHIAK BOARD MEMBER 0.70 0.00 X 5000 0 0 FRITZ SHARP BOARD MEMBER 0.40 0.10 X 3250 1750 0 MICHAEL GOTTSCHALK BOARD MEMBER 0.50 0.10 X 2500 1500 0 ALEXANDER TALLEKPALEK BOARD MEMBER 0.60 0.00 X 4000 0 0 MARGIE ALOYSIUS BOARD MEMBER 0.40 0.00 X 3000 0 0 HARRY WASSILY SR BOARD MEMBER 0.40 0.00 X 3000 0 0 JUSTIN ALTO BOARD MEMBER 0.50 0.00 X 2500 0 0 WILLIAM YOST ALT BOARD MEMBER 0.10 0.00 X 500 0 0 NORMAN VAN VACTOR PRESIDENT & CEO 40.00 0.00 X 268844 0 41849 PAUL PEYTON SIO 40.00 0.00 X 191600 0 37846 STACI FIESER CFO 40.00 0.00 X 130207 0 50142 HELEN SMEATON COO 40.00 0.00 X 130435 0 34225 CHRISTOPHER NAPOLI CAO 40.00 0.00 X 109212 0 37937 ALICE RUBY PROGRAM DIRECTOR 40.00 0.00 X 114594 0 24547 CLIFFORD TUBBS FINANCE OFFICER 40.00 0.00 X 113669 0 19635 1279478 18583 246181 7 0 1 0 ZACHARY SCOTT & COMPANY 1200 FIFTH AVENUE SUITE 1500 SEATTLE WA 98122 PROFESSIONAL SERVICES 432378 YARMUTH LLP 501 EAST PINE ST SEATTLE WA 98122 PROFESSIONAL SERVICES 382316 SUMMIT LAW GROUP LLC 315 5TH AVENUE SOUTH SUITE 1000 SEATTLE WA 98122 PROFESSIONAL SERVICES 254903 NERKA TRANSPORT 7570 NE 28TH PL MEDINA WA 98039 TOWING SERVICES 254780 JAMES K BARNETT 10050 PROSPECT DRIVE ANCHORAGE AK 99507 PROFESSIONAL SERVICES 229847 10 CDQ ROYALTIES 110000 14811728 14811728 EQUITY IN EARNING OF AFFILIATE 110000 7328663 10055706 -2727043 IFQ ROYALTIES 110000 2166051 2166051 -213467 -213467 24092975 2161056 2161056 48186258 46931850 1254408 1254408 1254408 ICE SALES FROM BARGES 110000 68164 68164 IRS- COVID WAGES RECEIVABLES 900099 5457 5457 SECURITIES LITIGATION SETTLEMENT 900099 1048 1048 1790 1790 76459 27584898 10131117 -2940510 20394291 14705429 14705429 1320160 1320160 1279478 408611 870867 682036 508541 173495 52287 19375 32912 425060 231869 193191 128765 62334 66431 311529 297066 14463 160656 160656 319049 317134 1915 802461 647737 154724 23199 15179 8020 111592 9707 101885 26388 26388 129948 60937 69011 67437 28847 38590 2799 565 2234 88385 88385 119300 40123 79177 166644 98944 67700 FISHING IMPAIRMENT LOSS 235000 235000 PROGRAM EXPENSES- OTHER 225660 225660 REPAIRS & MAINTENANCE 198466 198466 DUES & SUBSCRIPTIONS 84484 80894 3590 -875670 -802229 -73441 20790542 18798734 1991808 0 22806117 28650016 16041523 12469666 3000000 661906 1623737 11202404 4453013 1646055 6749391 108252341 120448632 106957850 124167595 49368275 63579523 485701 1022000 306219768 361710560 746299 580300 672833 1157173 25000 16500000 10 313648 1444142 18551121 X 304775626 343159439 304775626 343159439 306219768 361710560 X 6794356 10991268 20598189 X 0 1 X 1 0 202399 202399 1687117 566099 1121018 447157 358083 89074 8865731 3528831 5336900 6749391 INVESTMENT IN UNCONSOLIDATED AFFILIATES 82262860 C INVESTMENT IN IFQS 26967693 C INVESTMENT IN FISHING RIGHTS 2762212 C INVESTMENT IN CONSOLIDATED AFFILIATES 12174830 F 124167595 ACCOUNTS PAYABLE TO AFFILIATE 312701 STATE INCOME TAXES PAYABLE 947 313648 58855306 10991268 20598189 31589457 27265849 319049 319049 27584898 20471493 0 20471493 319049 319049 20790542 PART XI, LINE 2D - OTHER ADJUSTMENTS: EQUITY IN EARNINGS OF ENTITIES CONDOLIDATED FOR AFS 1,788,006. GAIN ON DISPOSAL AND ON CONVERSION OF UNCONSOLIDATED AFFILIATES 18,810,183. 1 AK DEPT OF FISH & GAME PO BOX 230 DILLINGHAM AK 99576 926001185 STATE OF ALASKA 7533 SEASONAL EMPLOYMENT OPPORTUNITIES ALEKNAGIK TRADITIONAL COUNCIL PO BOX 115 ALEKNAGIK AK 99555 942857786 TRIBAL COUNCIL 766130 ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, PROMOTION OF PROGRAMS, AND OPPORTUNITIES FOR YOUTH CITY OF ALEKNAGIK PO BOX 33 ALEKNAGIK AK 99555 920079021 CITY 184499 ECONOMIC DEVELOPMENT AND SEASONAL EMPLOYMENT OPPORTUNITIES BRISTOL BAY BOROUGH SD PO BOX 169 NAKNEK AK 99633 920029587 STATE OF ALASKA 150000 EDUCATIONAL FISHERIES INITIATIVE BRISTOL BAY NATIVE ASSOC PO BOX 310 DILLINGHAM AK 99576 920041473 501 (C)(3) 5945 SEASONAL EMPLOYMENT OPPORTUNITIES CLARK'S POINT VILLAGE COUNCIL PO BOX 9 CLARKS POINT AK 99569 920073206 TRIBAL COUNCIL 603641 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 299692 ECONOMIC DEVELOPMENT CURYUNG TRIBAL COUNCIL PO BOX 216 DILLINGHAM AK 99576 920069902 TRIBAL COUNCIL 685238 ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, AND PROMOTION OF PROGRAMS CITY OF DILLINGHAM PO BOX 889 DILLINGHAM AK 99576 920030674 CITY 21055 COMMUNITY/GROUP TRAININGS, SEASONAL EMPLOYMENT OPPORTUNITIES, AND YOUTH EMPLOYMENT DILLINGHAM CITY SCHOOL DIST PO BOX 170 DILLINGHAM AK 99576 920031132 STATE OF ALASKA 5867 SEASONAL EMPLOYMENT OPPORTUNITIES EGEGIK VILLAGE COUNCIL PO BOX 29 EGEGIK AK 99579 920063332 TRIBAL COUNCIL 685333 ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, AND PROMOTION OF PROGRAMS EKUK VILLAGE COUNCIL PO BOX 530 DILLINGHAM AK 99576 920163114 TRIBAL COUNCIL 685238 ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, AND PROMOTION OF PROGRAMS EKWOK NATIVES LIMITED PO BOX 29 EKWOK AK 99580 920049722 N/A 21907 SEASONAL EMPLOYMENT OPPORTUNITIES; AND YOUTH EMPLOYMENT EKWOK VILLAGE COUNCIL PO BOX 70 EKWOK AK 99580 943057295 TRIBAL COUNCIL 709887 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 29995 SEASONAL EMPLOYMENT OPPORTUNITIES AND YOUTH EMPLOYMENT JERRY LIBOFF DBA JERRY'S TAX PO BOX 646 DILLINGHAM AK 99576 573646462 N/A 10426 SEASONAL EMPLOYMENT OPPORTUNITIES JODIE HAZENBERG DBA JODIE'S I PO BOX 310 NAKNEK AK 99633 565153446 N/A 14048 SEASONAL EMPLOYMENT OPPORTUNITIES KDLG PO BOX 670 DILLINGHAM AK 99576 920031132 STATE OF ALASKA 22963 SEASONAL EMPLOYMENT OPPORTUNITIES; DONATION FOR PUBLIC RADIO KING SALMON VILLAGE COUNCIL PO BOX 68 KING SALMON AK 99613 920177073 TRIBAL COUNCIL 939734 ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, AND PROMOTION OF PROGRAMS LEVELOCK VILLAGE COUNCIL PO BOX 70 LEVELOCK AK 99625 920074206 TRIBAL COUNCIL 808304 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) 15562 SEASONAL EMPLOYMENT OPPORTUNITIES MANOKOTAK VILLAGE COUNCIL PO BOX 169 MANOKOTAK AK 99628 920124434 TRIBAL COUNCIL 729733 ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, PROMOTION OF PROGRAMS, AND COMMUNITY/GROUP TRAININGS CITY OF MANOKOTAK PO BOX 170 MANOKOTAK AK 99628 920037650 CITY 152520 ECONOMIC DEVELOPMENT, AND OPPORTUNITIES FOR YOUTH NAKNEK VILLAGE COUNCIL PO BOX 106 NAKNEK AK 99633 920058661 TRIBAL COUNCIL 572093 ECONOMIC DEVELOPMENT, PROMOTION OF PROGRAMS, AND INTERNSHIPS NUSHAGAK ELECTRIC & TELEPHONE PO BOX 350 DILLINGHAM AK 99576 920177246 501 (C)(12) 11589 INTERNSHIPS PILOT POINT TRIBAL COUNCIL PO BOX 449 PILOT POINT AK 99649 990143318 TRIBAL COUNCIL 552000 ECONOMIC DEVELOPMENT, AND PROMOTION OF PROGRAMS NATIVE VILLAGE OF PORT HEIDEN PO BOX 49007 PORT HEIDEN AK 99549 920059922 TRIBAL COUNCIL 694223 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 633238 ECONOMIC DEVELOPMENT, AND BSAI COMMERCIAL FISHERIES INTERESTS SOUTH NAKNEK VILLAGE COUNCIL 2521 E MOUNTAIN VILLAGE DR WASILLA AK 99654 920065146 TRIBAL COUNCIL 964238 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) 23500 COMMUNITY/GROUP TRAININGS TRADITIONAL COUNCIL OF TOGIAK PO BOX 310 TOGIAK AK 99678 920113885 TRIBAL COUNCIL 1020134 ECONOMIC DEVELOPMENT, BSAI COMMERCIAL FISHERIES INTERESTS, AND PROMOTION OF PROGRAMS TWIN HILLS VILLAGE COUNCIL PO BOX TWA TWIN HILLS AK 99576 920062296 TRIBAL COUNCIL 909586 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) 50000 GED/ADULT BASIC EDUCATION, AND NURSING PROGRAM UGASHIK TRADITIONAL VILLAGE 2525 BLUEBERRY ROAD STE 205 ANCHORAGE AK 99503 920160597 TRIBAL COUNCIL 691333 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 269912 FISHERIES HABITAT PROTECTION, SEASONAL EMPLOYMENT OPPORTUNITIES, AND INTERNSHIPS BRISTOL BAY SCIENCE AND RESEARCH INSTITUTE PO BOX 1464 DILLINGHAM AK 99576 920168036 501 (C)(3) 750000 SCIENTIFIC AND EDUCATIONAL PROJECTS SEASHARE 600 ERICKSEN AVE NE SUITE 310 BAINBRIDGE WA 98110 911641242 501 (C)(3) 8333 HUNGER-RELIEF EFFORTS 33 4 PERMIT LOAN PROGRAM 49 240798 PERMIT & VESSEL LOAN TECH. ASSIST. 27 17965 EMERGENCY TRANSFER GRANTS 23 144809 SHOREFISH LEASES 2 1512 VESSEL ACQUISITION PROGRAM 18 198110 INTEREST RATE ASSISTANCE 18 39794 PERSONAL FINANCE/ EDUCATION 31 2160 TAX ASSISTANCE PROGRAM 1000 150000 PRE-SEASON ADVANCES 27 VESSEL UPGRADES 16 176413 IN-SEASON EMERGENCY PROVISION PROG. 4 39005 RSW PURCHASE PROGRAM 4 88000 RSW FLEET SUPPORT 17 11579 STUDENT LOAN FORGIVENESS 6 13333 COLLEGE DEVELOPMENT FUND 68 102464 VOC/ TECHNICAL TRAINING PROGRAM 27 71826 QUALITY IMPROV. PROGRAM- TOTES 7 11613 BOOK TOTES FOR ICING FISH QUALITY IMPROV. PROGRAM- SLUSH BAGS 5 5983 BOOK SLUSH BAGS FOR ICING FISH QUALITY IMPROV. PROGRAM- DECK MATS 7 3656 BOOK PADDED DECK MATS FOR BOATS QUALITY IMPROV. PROGRAM- INSULATION 3 1140 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 243344 0 25500 0 0 0 9726 0 32123 0 310693 0 0 0 PAUL PEYTON SIO 191100 0 500 0 0 0 5723 0 32123 0 229446 0 0 0 STACI FIESER CFO 129707 0 500 0 0 0 5306 0 44836 0 180349 0 0 0 HELEN SMEATON COO 129935 0 500 0 0 0 4534 0 29691 0 164660 0 0 0 FREDERICK T ANGASAN III GRANDSON OF BOARD MEMBER 1500 EDUCATIONAL EDUCATION DEANNA OLSEN DAUGHTER-IN-LAW OF BOARD MEMBER 809 TRAINING ASSISTANCE JOB TRAINING KIMBERLY SEYBERT DAUGHTER OF BOARD MEMBER 1175 TRAINING ASSISTANCE JOB TRAINING JOB TRAINING KRISTINA ANDREW STEP DAUGHTER OF OFFICER 775 TRAINING ASSISTANCE JOB TRAINING ALEXANDER TALLEKPALEK BOARD MEMBER 1506 TRAINING ASSISTANCE JOB TRAINING 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. 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