2020-11-16T18:56:44-06:00 2019-12-31 KPMG LLP 1918 Eighth Avenue Suite 2900 Seattle WA 98101 990 2019-01-01 920142567 BRISTOL BAY ECONOMIC DEVELOPMENT CORPORATION % STACI FIESER BRIS 9078424370 PO BOX 1464 DILLINGHAM AK 99576 STACI FIESER CFO 9078430723 2020-11-16 true LISA M MEYER P01490170 2069134000 2020-11-16 127.0.0.1 92003420203215000001 2020-11-16 P A078056EFAE69B5ACCDC506FD5307643D487174D D1F5047E3F816E108602956D3F28D7F427FA39E9 2019 2021-04-22 16:20:28Z NORMAN VAN VACTOR PO BOX 1464 DILLINGHAM AK 99576 78025753 false X WWW.BBEDC.COM X 1992 AK TO PROMOTE ECONOMIC GROWTH AND OPPORTUNITIES FOR RESIDENTS OF ITS MEMBER COMMUNITIES THROUGH SUSTAINABLE USE OF THE BERING SEA RESOURCES. 17 12 38 1196642 280680 0 0 27344187 28162242 6771887 4077335 138617 205991 34254691 32445568 13056937 13042348 0 0 2459982 2637262 0 0 0 2898358 1860186 18415277 17539796 15839414 14905772 271270761 306219768 18434546 1444142 252836215 304775626 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. false false 5883118 8041452 COMMUNITY AND BUSINESS DEVELOPMENT - THE COMMUNITY BLOCK GRANT (CBG) PROGRAM PROVIDES BBEDC'S CDQ COMMUNITIES WITH THE OPPORTUNITY TO FUND PROJECTS THAT PROMOTE SUSTAINABLE COMMUNITY AND REGIONAL ECONOMIC DEVELOPMENT. THE FUNDING PER COMMUNITY WAS $500,000 FOR 2019 (SAME AS 2018). $7,928,114 WAS REQUESTED AND AWARDED TO CDQ COMMUNITIES. 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 2019 (SAME AS 2018). THE ARCTIC TERN PROGRAM PROVIDES FUNDING FOR COMMUNITIES TO SUPPORT EMPLOYMENT AND EDUCATIONAL ACTIVITIES FOR RESIDENT YOUTH UNDER THE AGE OF 17. IN 2019, $52,945 WAS AWARDED (DOWN FROM $58,275 IN 2018). THE INTEREST RATE ASSISTANCE PROGRAM PROVIDED $45,163 IN INTEREST RATE ASSISTANCE TO 21 RESIDENTS (UP FROM 21 RESIDENTS AND $40,604 IN 2018). GRANT WRITING ASSISTANCE OF $14,712 AND TECHNICAL ASSISTANCE OF $518 WAS PROVIDED TO COMMUNITIES IN 2019. 3194586 1225693 149269 REGIONAL FISHERIES DEVELOPMENT - 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 2019, BBEDC'S VESSEL UPGRADE PROGRAM ASSISTED 39 FISHERMEN WITH VESSEL UPGRADES FOR A TOTAL OF $685,741 AND 4 FISHERMEN WITH AN IN-SEASON EMERGENCY PROVISION GRANT OF $45,544 (DOWN FROM 69 FISHERMEN AND $1,063,359 IN 2018). BBEDC CONTINUED WITH ITS QUALITY IMPROVEMENTS PROGRAM BY PURCHASING 30 TOTES FOR 11 FISHERMEN (DOWN FROM 38 TOTES FOR 15 FISHERMEN IN 2018), 58 SLUSH BAGS FOR 10 FISHERMEN (UP FROM 38 SLUSH BAGS FOR 13 FISHERMEN IN 2018), PROVIDING FLEX FOAM INSULATION TO 14 FISHERMEN (UP FROM 9 FISHERMEN IN 2018), AND PURCHASING PADDED DECK MATS FOR 22 FISHERMEN (UP FROM 9 FISHERMEN IN 2018). RSW FLEET SUPPORT OFFERED GRANTS UP TO $1,000 FOR FISHERMEN THAT HAD RSW SYSTEMS ON BOARD THEIR VESSELS. 25 FISHERMEN WERE AWARDED A TOTAL OF $19,538 (UP FROM 17 AND $11,962 IN 2018). 8 FISHERMEN WERE AWARDED WITH RSW SYSTEMS TOTALING $176,000 (DOWN FROM 10 FISHERMEN AND $219,512 IN 2018). PRE-SEASON ADVANCE LOANS WERE AWARDED TO 40 INDIVIDUALS IN 2019 (DOWN FROM 43 IN 2018). IN ADDITION, TWO ICE BARGES DELIVERED 2,155,120 POUNDS OF ICE (UP FROM 1,619,030 POUNDS IN 2018) AND $247,404 WAS AWARDED TO FUND FISHERIES HABITAT PROTECTION (UP FROM $149,120 IN 2018). 1758107 1282697 42373 EDUCATION, EMPLOYMENT, AND TRAINING - 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 70 RESIDENTS WITH FUNDS OF $104,927 (DOWN FROM $113,813 AND 85 RESIDENTS IN 2018). IN 2019, BBEDC'S VOCATIONAL/TECHNICAL PROGRAM ASSISTED 79 RESIDENTS WITH FUNDS OF $204,168 (DOWN FROM 97 RESIDENTS AND $227,952 IN 2018). BBEDC'S COMMUNITY AND GROUP TRAININGS PROVIDED $318,716 WORTH OF ASSISTANCE (DOWN FROM OVER $334,169 IN 2018). 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 (SAME IN 2018) AS WELL AS PROVIDED A $10,000 CONTRIBUTION TO THEIR NURSING PROGRAM. THE STUDENT LOAN FORGIVENESS PROGRAM PROVIDED 8 RESIDENTS WITH FUNDS TOTALING $20,287 (DOWN FROM $20,614 FOR 7 RESIDENTS IN 2018). BBEDC'S INTERNSHIP PROGRAMS CONTINUED WITH 4 RESIDENTS BENEFITING FROM THE IN-REGION INTERSHIPS (DOWN FROM 7 IN 2018), AND 18 YOUTH BENEFITING FROM YOUTH INTERNSHIPS (DOWN FROM 20 IN 2018). BBEDC'S EMPLOYMENT OPPORTUNTIES CONTINUED PROVIDING SEASONAL EMPLOYMENT TO 44 RESIDENTS (UP FROM 38 IN 2018) AND PROVIDED 7 RESIDENTS WITH PRE-EMPLOYMENT SCREENINGS FOR AT-SEA EMPLOYMENT (UP FROM 5 RESIDENTS AND $2,472 IN 2018). IN 2019, BBEDC ALSO PROVIDED FUNDING IN THE AMOUNT OF $150,000 (UP FROM $57,337 IN 2018) FOR A FISHERIES INITIATIVE PROGRAM WITH A LOCAL SCHOOL DISTRICT. 2343193 750000 7759300 INVESTMENT MANAGEMENT 320348 771518 PERMIT AND VESSEL LOAN PROGRAM 787500 787500 COMMUNITY LIAISONS 441674 165155 PERMIT BROKERAGE 256600 QUOTA MANAGEMENT 18333 18333 2378 CONTRIBUTIONS 4167648 2492506 7761678 15003459 false false false false false false false true false true false true false true false false true false false false false false false false false false true true true false false false false true false false false false false false false true true true true true true 65 0 true 38 true true true false false false false false false false X 17 12 true false false false false false false true true false false false true true true false false true true true true X X STACI FIESER 9078424370 411 FIRST AVENUE EAST DILLINGHAM AK 995761464 NORMAN VAN VACTOR PRESIDENT/CEO 40.0 0.0 X 259515 0 40866 PAUL PEYTON SEAFOOD INVESTMENT OFFICER 40.0 0.0 X 184292 0 37120 STACI FIESER CHIEF FINANCIAL OFFICER 40.0 0.0 X 125084 0 50214 HELEN SMEATON CHIEF OPERATING OFFICER 40.0 0.0 X 125393 0 32754 CHRIS NAPOLI CHIEF ADMINISTRATIVE OFFICER 40.0 0.0 X 104986 0 34767 H ROBIN SAMUELSEN JR CHAIRMAN OF THE BOARD 2.9 0.2 X 40333 1667 0 ROBERT HEYANO TREASURER OF THE BOARD 1.4 0.1 X 27000 500 0 HATTIE ALBECKER SECRETARY OF THE BOARD 1.3 0.1 X 24500 500 0 FRED T ANGASAN SR VICE CHAIRMAN OF THE BOARD 1.4 0.1 X 21500 500 0 GERDA KOSBRUK BOARD MEMBER 1.2 0.2 X 17500 2000 0 VICTOR SEYBERT BOARD MEMBER 1.4 0.1 X 17500 0 0 MARY ANN JOHNSON BOARD MEMBER 1.1 0.2 X 9750 2750 0 FRITZ SHARP BOARD MEMBER 0.8 0.1 X 8250 2250 0 PAUL HANSEN SR BOARD MEMBER 0.8 0.2 X 8000 2500 0 LOUIE ALAKAYAK SR BOARD MEMBER 0.8 0.0 X 9500 0 0 JIMMY COOPCHIAK BOARD MEMBER 0.8 0.0 X 9500 0 0 MARK ANGASAN BOARD MEMBER 0.9 0.0 X 8000 0 0 KENNETH JENSEN BOARD MEMBER 0.8 0.1 X 4750 2250 0 ALEXANDER TALLEKPALEK BOARD MEMBER 0.8 0.0 X 5500 0 0 MARGIE ALOYSIUS BOARD MEMBER 0.6 0.0 X 4500 0 0 HARRY WASSILY SR BOARD MEMBER 0.5 0.0 X 3000 0 0 JUSTIN ALTO BOARD MEMBER 0.3 0.0 X 2000 0 0 BETTY GARDINER-WASSILY BOARD MEMBER 0.2 0.0 X 1000 0 0 WILLIAM YOST ALT BOARD MEMBER 0.2 0.0 X 1000 0 0 1022353 14917 195721 13 false true false ALASKA ABATEMENT CORPORATION 520 W 58TH AVENUE SUITE J ANCHORAGE AK 99518 PROF SERVICES 131229 KPMG LLP 701 W 8TH AVENUE SUITE 600 ANCHORAGE AK 995013467 PROF SERVICES 214560 ZACHARY SCOTT COMPANY 1200 FIFTH AVENUE SUITE 1500 SEATTLE WA 98101 PROF SERVICES 239287 ADAMS AND REESE LLP 701 POYDRAS STREET STE 4500 NEW ORLEANS LA 70139 PROF SERVICES 102147 NERKA TRANSPORT LLC 7570 NE 28TH PL MEDINA WA 98039 TOWING SERVICES 194623 5 0 CDQ ROYALTIES 110000 17119450 17119450 IFQ ROYALTIES 110000 2086850 2086850 EQUITY IN EARNINGS OF UNCONSOLIDATED AFFILIATES 110000 9081839 7693700 1388139 EQUITY IN EARNINGS OF UNCONSOLIDATED AFFILIATES 310000 -191497 -191497 FISHING RIGHTS INVESTMENT INCOME 110000 65600 65600 28162242 3050489 3050489 0 0 0 0 0 46607031 45580185 1026846 1026846 1026846 0 0 0 0 0 0 0 0 0 BBEDC MATCHING FUNDS 110000 42373 42373 ICE SALES FROM BARGES 110000 148019 148019 SECURITIES LITIGATION SETTLEMENTS 900099 11971 11971 3628 3628 205991 32445568 7953320 1196642 23295606 10752842 10752842 2289506 2289506 0 0 1022353 263792 758561 0 883516 536692 346824 58180 22540 35640 548648 218587 330061 124565 55093 69472 0 239750 52553 187197 151169 151169 0 0 304851 302816 2035 506250 333786 172464 24618 16053 8565 122510 10752 111758 26388 26388 0 103439 49021 54418 305439 116974 188465 0 8223 8223 0 0 116742 36148 80594 149680 82847 66833 DUES AND SUBSCRIPTIONS 85585 81557 4028 UBI TAX EXPENSE 269316 269316 MISCELLANEOUS 9394 2782 6612 DONATIONS AND CONTRIBUTIONS 8629 8629 -571797 -490198 -81599 17539796 15003459 2536337 0 0 0 25612358 22806117 0 0 7413377 16041523 0 0 0 0 0 0 0 0 155996 661906 5981267 4335212 1672505 1646055 83631650 108252341 0 0 102945378 106957850 49368275 49368275 471222 485701 271270761 306219768 347026 746299 18011587 672833 0 25000 0 0 75327 0 0 0 0 0 0 0 606 10 18434546 1444142 X 252836215 304775626 0 0 252836215 304775626 271270761 306219768 X 14905772 12026963 22416858 2589818 X false true X true false false true X 202399 202399 1687117 522819 1164298 425062 323685 101377 3666689 3488708 177981 1646055 INVESTMENT IN UNCONS AFFILIATE 62454918 C INVESTMENT IN IFQS 26967693 C INVESTMENT IN FISHING RIGHTS 2439000 C INVESTMENT IN CONS. AFFILIATES 15096239 F 106957850 0 STATE INCOME TAXES 10 10 46757498 12026963 2284967 14311930 32445568 32445568 17234945 17234945 304851 304851 17539796 Part IV, Line 2B AS OF 1/1/2019, BBEDC WAS IN CUSTODY OF $75,327 FROM A PERMIT LOAN TRANSACTION TO BE USED TOWARDS THE PURCHASE OF A VESSEL THAT WAS FINALIZED IN 2019. Part XI, Line 2D EQUITY IN EARNINGS OF CONSOLIDATED AFFILIATES OF 2,589,818 INVESTMENT EXPENSES OF -304,851 true ALEKNAGIK TRADITIONAL COUNCIL BOX 115 ALEKNAGIK AK 99555 942857786 TRAD COUNCIL 563912 ECONOMIC DEVELOPMENT, PROMOTION OF PROGRAMS, SEAONAL EMPLOYMENT OPPORTUNITIES, OPPORTUNITIES FOR YOUTH, AND YOUTH EMPLOYMENT CITY OF DILLINGHAM BOX 889 DILLINGHAM AK 99576 920030674 CITY 38907 SEASONAL EMPLOYMENT OPPORTUNITIES CLARKS POINT VILLAGE COUNCIL BOX 9 CLARKS POINT AK 99569 920073206 VILLAGE COUNCIL 255914 ECONOMIC DEVELOPMENT, AND PROMOTION OF PROGRAMS CURYUNG TRIBAL COUNCIL BOX 216 DILLINGHAM AK 99576 920069902 TRIBAL COUNCIL 583322 ECONOMIC DEVELOPMENT, PROMOTION OF PROGRAMS, COMMUNITY/GROUP TRAININGS, SEASONAL EMPLOYMENT OPPORTUNITIES, OPPORTUNITIES FOR YOUTH, YOUTH EMPLOYMENT AND FISHERIES HABITAT PROTECTION EGEGIK VILLAGE COUNCIL BOX 29 EGEGIK AK 99579 920063332 VILLAGE COUNCIL 550000 ECONOMIC DEVELOPMENT AND PROMOTION OF PROGRAMS EKWOK VILLAGE COUNCIL BOX 70 EKWOK AK 99580 943057295 VILLAGE COUNCIL 567812 ECONOMIC DEVELOPMENT, PROMOTION OF PROGRAMS, SEASONAL EMPLOYMENT OPPORTUNITIES, YOUTH EMPLOYMENT, AND TECHNICAL ASSISTANCE EKUK VILLAGE COUNCIL BOX 530 DILLINGHAM AK 99576 920163114 VILLAGE COUNCIL 556500 ECONOMIC DEVELOPMENT, PROMOTION OF PROGRAMS, OPPORTUNITIES FOR YOUTH, AND SEASONAL EMPLOYMENT OPPORTUNITIES KING SALMON GROUND LLC BOX 214 KING SALMON AK 99613 900421246 12506 SEASONAL EMPLOYMENT OPPORTUNITIES AND YOUTH EMPLOYMENT KING SALMON TRIBAL COUNCIL BOX 68 KING SALMON AK 99613 920177073 TRIBAL COUNCIL 550000 ECONOMIC DEVELOPMENT AND PROMOTION OF PROGRAMS LEVELOCK VILLAGE COUNCIL BOX 70 LEVELOCK AK 99625 920074206 VILLAGE COUNCIL 553732 ECONOMIC DEVELOPMENT, PROMOTION OF PROGRAMS, SEASONAL EMPLOYMENT OPPORTUNITIES, COMMUNTY/GROUP TRAININGS, TECHNICAL ASSSTANCE, AND GRANT WRITING ASSISTANCE CITY OF MANOKOTAK BOX 170 MANOKOTAK AK 99628 920037650 CITY 8107 SEASONAL EMPLOYMENT, OPPORTUNITIES FOR YOUTH, AND YOUTH EMPLOYMENT MANOKOTAK VILLAGE COUNCIL BOX 169 MANOKOTAK AK 99628 920124434 VILLAGE COUNCIL 563000 ECONOMIC DEVELOPMENT, PROMOTION OF PROGRAMS, COMMUNITY/GROUP TRAININGS, AND OPPORTUNITIES FOR YOUTH NAKNEK VILLAGE COUNCIL BOX 106 NAKNEK AK 99633 920058661 VILLAGE COUNCIL 567044 ECONOMIC DEVELOPMENT, PROMOTION OF PROGRAMS, INTERNSHIPS, OPPORTUNITIES FOR YOUTH, AND TECHNICAL ASSISTANCE PILOT POINT VILLAGE COUNCIL BOX 449 PILOT POINT AK 99649 990143318 VILLAGE COUNCIL 550663 ECONOMIC DEVELOPMENT, PROMOTION OF PROGRAMS, AND GRANT WRITING ASSISTANCE NATIVE VILLAGE OF PORT HEIDEN BOX 49007 PORT HEIDEN AK 99549 920059922 VILLAGE COUNCIL 580728 ECONOMIC DEVELOPMENT, PROMOTION OF PROGRAMS, COMMMUNITY/GROUP TRAININGS, OPPORTUNITIES FOR YOUTH, SEASONAL EMPLOYMENT OPPORTUNITIES, YOUTH EMPLOYMENT, AND TECHNICAL ASSISTANCE PORTAGE CREEK VILLAGE COUNCIL 1762 ABBOTT ROAD ANCHORAGE AK 99507 920070857 VILLAGE COUNCIL 506000 ECONOMIC DEVELOPMENT AND OPPORTUNITIES FOR YOUTH SOUTH NAKNEK VILLAGE COUNCIL 2521 E MT VILLAGE DR SUITE B PMB 3 WASILLA AK 99654 920065146 VILLAGE COUNCIL 558738 ECONOMIC DEVELOPMENT, PROMOTION OF PROGRAMS, AND SEASONAL EMPLOYMENT OPPORTUNITIES SOUTHWEST ALASKA VOCATIONAL & EDUCATION CENTER BOX 615 KING SALMON AK 99613 920174741 501(C)(3) 213566 COMMUNITY/GROUP TRAININGS TRADITIONAL COUNCIL OF TOGIAK BOX 310 TOGIAK AK 99678 920113885 TRAD COUNCIL 288686 ECONOMIC DEVELOPMENT, PROMOTION OF PROGRAMS, COMMUNITY/GROUP TRAININGS, AND TECHNICAL ASSISTANCE TWIN HILLS VILLAGE COUNCIL BOX TWA SUITE B PMB 388 TWIN HILLS AK 99576 920062296 VILLAGE COUNCIL 585594 ECONOMIC DEVELOPMENT, PROMOTION OF PROGRAMS, COMMUNITY/GROUP TRAININGS, SEASONAL EMPLOYMENT OPPORTUNITIES, OPPORTUNITIES FOR YOUTH, AND YOUTH EMPLOYMENT UGASHIK TRADITIONAL COUNCIL 2525 BLUEBERRY RD SUITE 205 ANCHORAGE AK 99503 920160597 TRAD COUNCIL 555073 ECONOMIC DEVELOPMENT, PROMOTION OF PROGRAMS, AND OPPORTUNITIES FOR YOUTH BRISTOL BAY SCIENCE & RESEARCH INSTITUTE BOX 1464 DILLINGHAM AK 99576 920168036 501(C)(3) 750000 SCIENTIFIC AND EDUCATIONAL PROJECTS UAF-BRISTOL BAY CAMPUS BOX 1070 DILLINGHAM AK 99576 926000147 STATE OF AK 103530 GED/ADULT BASIC EDUCATION, COMMUNITY/GROUP TRAININGS AND NURSING PROGRAM BRISTOL BAY LAND HERITAGE TRUST BOX 1388 DILLINGHAM AK 99576 311721762 501(C)(3) 10000 BRISTOL BAY RIVER ACADEMY DILLINGHAM CITY SCHOOL DISTRICT BOX 170 DILLINGHAM AK 99576 920031132 STATE OF AK 9972 SEASONAL EMPLOYMENT OPPORTUNITIES SAFE AND FEAR-FREE ENVIRONMENT BOX 94 DILLINGHAM AK 99576 920088380 501(C)(3) 12584 SEASONAL EMPLOYMENT OPPORTUNITIES AND YOUTH EMPLOYMENT UNITED TRIBES OF BRISTOL BAY BOX 1252 DILLINGHAM AK 99576 300785358 TRIBAL COUNCIL 251796 FISHERIES HABITAT PROTECTION, SEASONAL EMPLOYMENT OPPORTUNITIES, AND INTERNSHIPS BRISTOL BAY BOROUGH SCHOOL DISTRICT BOX 169 NAKNEK AK 99633 920029587 STATE OF AK 150000 EDUCATIONAL FISHERIES INITIATIVE CITY OF ALEKNAGIK BOX 33 ALEKNAGIK AK 99555 920079021 CITY 7625 SEASONAL EMPLOYMENT OPPORTUNITIES CITY OF EKWOK BOX 49 EKWOK AK 99580 920086143 CITY 33400 SEASONAL EMPLOYMENT OPPORTUNITIES KDLG BOX 670 DILLINGHAM AK 99576 920031132 STATE OF AK 32300 SEASONAL EMPLOYMENT OPPORTUNITIES AND YOUTH EMPLOYMENT CITY OF TOGIAK BOX 190 TOGIAK AK 99678 920047402 CITY 16513 INTERNSHIPS, COMMUNITY/GROUP TRAININGS, AND YOUTH EMPLOYMENT CAMAI COMMUNITY HEALTH CENTER BOX 211 NAKNEK AK 99633 113813698 501(C)(3) 23605 SEASONAL EMPLOYMENT OPPORTUNITIES AND YOUTH EMPLOYMENT CITY OF EGEGIK BOX 189 EGEGIK AK 99579 920154668 CITY 6216 SEASONAL EMPLOYMENT OPPORTUNITIES AND YOUTH EMPLOYMENT JODIE HAZENBERG DBA JODIE'S IDEAS BOX 310 NAKNEK AK 99633 565153446 9873 SEASONAL EMPLOYMENT OPPORTUNITIES ALASKA DEPT OF FISH & GAME BOX 230 DILLINGHAM AK 99576 926001185 STATE OF AK 6180 SEASONAL EMPLOYMENT OPPORTUNITIES BRISTOL BAY BOROUGH BOX 189 NAKNEK AK 99633 920029832 BOROUGH 25782 SEASONAL EMPLOYMENT OPPORTUNITIES BRISTOL BAY HOUSING AUTHORITY BOX 50 DILLINGHAM AK 99576 920049726 501(C)(3) 5367 SEASONAL EMPLOYMENT OPPORTUNITIES C & R SOLUTIONS LLC BOX 1228 DILLINGHAM AK 99576 471654149 7854 SEASONAL EMPLOYMENT OPPORTUNITIES AND YOUTH EMPLOYMENT CHOGGIUNG INVESTMENT CO LTD BOX 330 DILLINGHAM AK 99576 920148907 6618 INTERNSHIPS COPPER RIVER SEAFOODS 1118 EAST 5TH AVE ANCHORAGE AK 99501 920157589 7267 SEASONAL EMPLOYMENT OPPORTUNITIES JERRY LIBOFF DBA JERRY'S TAX SERVICE BOX 646 DILLINGHAM AK 99576 573646462 5262 INTERNSHIP LAKE & PENINSULA BOROUGH BOX 495 KING SALMON AK 99613 920128922 BOROUGH 11532 SEASONAL EMPLOYMENT OPPORTUNITIES LITTLE ANGELS CHILDCARE ACADEMY BOX 6 NAKNEK AK 99633 813588221 501(C)(3) 16880 SEASONAL EMPLOYMENT OPPORTUNITIES ANDREW BERKOSKI DBA SUBWAY OF DILLINGHAM BOX 1296 DILLINGHAM AK 99576 524989295 12972 SEASONAL EMPLOYMENT OPPORTUNITIES SEASHARE 600 ERICKSEN AVE NE STE 310 BAINBRIDGE ISLAND WA 98110 911641242 501(C)(3) 8333 HUNGER-RELIEF EFFORTS EKWOK NATIVES LIMITED BOX 29 EKWOK AK 99580 920049722 11577 SEASONAL EMPLOYMENT OPPORTUNITIES 39 8 PERMIT LOAN PROGRAM 56 281526 PERMIT AND VESSEL LOAN TECHNICAL ASSISTANCE 67 28672 EMERGENCY TRANSFER GRANTS 26 249250 INTEREST RATE ASSISTANCE 21 45163 PERSONAL FINANCE/EDUCATION 13 630 TAX ASSISTANCE PROGRAM 1110 164525 VESSEL UPGRADES 39 685741 STUDENT LOAN FORGIVENESS PROGRAM 8 20287 COLLEGE DEVELOPMENT FUND 70 104927 VOCATIONAL/TECHNICAL TRAINING PROGRAM 79 204168 QUALITY IMPROVEMENTS PROGRAM - TOTES 11 19386 BOOK TOTES FOR ICING FISH QUALITY IMPROVEMENTS PROGRAM - SLUSH BAGS 10 11528 BOOK SLUSH BAGS FOR ICING QUALITY IMPROVEMENTS PROGRAM - FOAM INSULATION 14 6682 BOOK FOAM INSUL FOR ICING VESSEL ACQUISITION PROGRAM 19 212070 RSW FLEET SUPPORT 25 19538 RSW PURCHASE PROGRAM 8 176000 QUALITY IMPROVEMENTS PROGRAM - PADDED DECK MAT 22 11158 BOOK DECK MATS FOR FISH PRE-SEASON ADVANCE LOANS 40 2711 IN-SEASON EMERGENCY PROVISION PROGRAM 4 45544 SCHEDULE I 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 false false false false false false false false false NORMAN VAN VACTOR PRESIDENT/CEO 234015 25500 9250 31616 300381 HELEN SMEATON CHIEF OPERATING OFFICER 124893 500 3781 28973 158147 STACI FIESER CHIEF FINANCIAL OFFICER 124584 500 6140 44074 175298 PAUL PEYTON SEAFOOD INVESTMENT OFFICER 183792 500 5504 31616 221412 JACLYN REAMEY SISTER-IN-LAW OF BOARD MEMBER 5112 EDUCATIONAL ASSISTANCE EDUCATION KIMBERLY SEYBERT DAUGHTER OF BBEDC BOARD MEMBER 1500 EDUCATIONAL ASSISTANCE EDUCATION CHELSEA WASSILY DAUGHTER OF BBEDC BOARD MEMBER 1831 TRAINING ASSISTANCE JOB TRAINING DANNY WASSILY BROTHER-IN-LAW OF BOARD MEMBER 2688 TRAINING ASSISTANCE JOB TRAINING NONE FAMILY AND BUSINESS RELATIONSHIPS OF BOARD MEMBERS Form 990 Part VI Line 2 BOARD MEMBERS - CURRENT YEAR BOARD MEMBERS - MARK ANGASAN AND FRED ANGASAN, SR. HAVE A FAMILY RELATIONSHIP. PROCESS FOR REVIEW OF THE FORM 990 Form 990 Part VI 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 COO REVIEW THE DRAFT RETURN BEFORE AUTHORIZING THE TAX PREPARER TO FINALIZE THE RETURN. A COPY OF THE TAX RETURN WILL BE PROVIDED TO THE BOARD MEMBERS UPON REQUEST. MONITORING OF CONFLICT OF INTEREST POLICY FORM 990 PART VI 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. DETERMINING COMPENSATION FOR PRESIDENT/CEO Form 990 Part VI Line 15a 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 PRESDIENT/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. DETERMINING COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES Form 990 Part VI Line 15b ANNUALLY, THE BOARD APPROVES THE BUDGET WHICH CONTAINS THE SALARY INFORMATION ON 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 ARE 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. AVAILABILITY OF DOCUMENTS Form 990 Part VI Lines 18 & 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. IN ADDITION, OUR FORM 990 IS AVAILABLE FOR VIEWING ON THE WEBSITE GUIDESTAR.ORG. OTHER CHANGES IN NET ASSETS Form 990 Part IX Line 9 EQUITY IN EARNINGS OF ENTITIES CONSOLIDATED FOR AFS, NOT CONSOLIDATED FOR TAX 2,589,818. BRISTOL BAY ICE LLC PO BOX 1464 DILLINGHAM AK 99576 204176963 COMM. FISHING AK 148253 375691 BBEDC BRISTOL BAY SCIENCE & RESEARCH INSTITUTE PO BOX 1464 DILLINGHAM AK 99576 920168036 SCIENCE/EDUC AK 501(C)(3) 7 BBEDC true HARVEY SAMUELSEN SCHOLARSHIP TRUST PO BOX 1464 DILLINGHAM AK 99576 300065137 SCHOLARSHIPS AK 501(C)(3) PF BBEDC true ALASKAN LEADER FISHERIES LLC 8874 BENDER RD STE 201 LYNDON WA 98264 611503131 COMM. 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