2014-11-12T12:38:01-06:00 2013-12-31 KPMG LLP 701 West 8th Avenue Suite 600 Anchorage AK 99501 990 2013-01-01 920142567 Bristol Bay Economic Development Corporation % STACI FIESER BRIS 9078424370 PO BOX 1464 Suite DILLINGHAM AK 99576 STACI FIESER CFO 2014-11-11 E MARY THOMAS P01288194 2013 2015-11-30 17:44:51Z NORMAN VAN VACTOR PO BOX 1464 DILLINGHAM AK 99576 83079697 false X WWW.BBEDC.COM X 1992 AK See schedule O 17 12 67 7239791 6325932 8500 0 18354716 16982784 14903506 10032025 588499 309919 33855221 27324728 8734100 13630453 0 0 2066635 2363268 0 0 0 3166571 4960343 13967306 20954064 19887915 6370664 223637197 249303258 8795998 27948727 214841199 221354531 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 8634070 8634070 COMMUNITIES AND ECONOMIC 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 2013, A $150,000 INCREASE OVER THE 2012 AMOUNT OF $350,000. ALL CDQ COMMUNITIES REQUESTED AND WERE AWARDED THE FULL GRANT AMOUNT TOTALING $8,500,000. THE ARCTIC TERN PROGRAM PROVIDES FUNDING FOR COMMUNITIES TO SUPPORT EMPLOYMENT AND EDUCATIONAL ACTIVITIES FOR RESIDENT YOUTH UNDER THE AGE OF 17. IN 2013, $78,000 WAS AWARDED (UP FROM $55,892 IN 2012). THE INTEREST RATE ASSISTANCE PROVIDED $56,070 IN INTEREST RATE ASSISTANCE TO 35 RESIDENTS (DOWN FROM 45 RESIDENTS AND $62,561 IN 2012). 2019043 1211387 57493 REGIONAL FISHERIES - 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 2013, BBEDC'S VESSEL UPGRADE PROGRAM ASSISTED 103 FISHERMEN WITH VESSEL UPGRADES FOR A TOTAL OF $1,175,773 (UP FROM 45 FISHERMEN FOR $371,395 IN 2012). BBEDC ALSO CONTINUED WITH ITS CHILLING IMPROVEMENTS PROGRAM BY PURCHASING 44 TOTES FOR 15 FISHERMEN (UP FROM 9 FISHERMEN IN 2012), 30 SLUSH BAGS FOR 7 FISHERMEN (DOWN FROM 10 FISHERMEN IN 2012), AND PROVIDING FLEX FOAM INSULATION TO 7 FISHERMEN. IN ADDITION, TWO ICE BARGES DELIVERED 609,100 POUNDS OF ICE (DOWN 43% FROM 2012). 1734449 1024165 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 SKILL LEARNING OPPORTUNITIES. THE COLLEGE DEVELOPMENT FUND PROVIDED BENEFITS TO 126 RESIDENTS WITH FUNDS OF $130,315 (UP FROM $115,707 AND 146 RESIDENTS IN 2012). IN 2013, BBEDC'S VOCATIONAL/TECHNICAL PROGRAM ASSISTED 140 RESIDENTS WITH FUNDS OF $314,642 (UP FROM 116 RESIDENTS AND $308,877 IN 2012). BBEDC'S COMMUNITY AND GROUP TRAININGS PROVIDED $196,338 WORTH OF ASSISTANCE (UP FROM OVER $92,000 IN 2012). BBEDC CONTINUED ITS FINANCIAL SUPPORT TO THE UAF-BRISTOL BAY CAMPUS FOR ITS ADULT BASIC EDUCATION/GED COURSE SPONSORSHIP IN THE AMOUNT OF $39,999 (UP FROM $39,438 IN 2012) AS WELL AS PROVIDED A $10,000 CONTRIBUTION TO THEIR NURSING PROGRAM. BBEDC'S INTERNSHIP PROGRAMS CONTINUED WITH 10 RESIDENTS BENEFITING FROM THE SEATTLE-BASED INTERNSHIPS (UP FROM 7 IN 2012), 4 RESIDENTS BENEFITING FROM THE IN-REGION INTERSHIPS (UP FROM 3 IN 2012), AND 24 YOUTH BENEFITING FROM YOUTH INTERNSHIPS (UP FROM 22 IN 2012). BBEDC'S EMPLOYMENT OPPORTUNITIES CONTINUED PROVIDING SEASONAL EMPLOYMENT TO 28 RESIDIENTS (UP FROM 24 IN 2012) AND PROVIDING BERING SEA EMPLOYMENT TO 4 RESIDENTS. 21100 5859 TECHNICAL ASSISTANCE 23156 9869 GRANT WRITING ASSISTANCE 647101 626200 COMMUNITY LIAISONS 473010 444043 PERMIT LOAN PROGRAM 2221885 1520145 INVESTMENT MANAGEMENT 445455 154715 PERMIT BROKERAGE 165213 QUOTA MANAGEMENT 88494 OUTREACH 4085414 2760831 16472976 false false false false false false false false false true false true true 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 false true 96 0 67 true true true 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 AK X X X STACI FIESER 9078424370 411 FIRST AVENUE EAST DILLINGHAM AK 995761464 H ROBIN SAMUELSEN JR CHAIRMAN OF THE BOARD 20.0 0.2 X X 54541 916 5656 FRED T ANGASAN SR VICE CHAIRMAN OF THE BOARD 1.5 0.1 X 12500 1000 HATTIE ALBECKER SECRETARY OF THE BOARD 2.0 0.1 X 22750 750 ROBERT HEYANO TREASURER OF THE BOARD 2.1 0.1 X 19250 750 LOUIE ALAKAYAK BOARD MEMBER 0.2 X 1000 MARGIE ALOYSIUS BOARD MEMBER 0.9 X 8000 RICHARD ALTO BOARD MEMBER 0.8 X 5000 MARK ANGASAN BOARD MEMBER 1.0 X 12000 IDA APOKEDAK BOARD MEMBER 0.4 X 2000 RAYMOND APOKEDAK BOARD MEMBER 0.2 X 2000 CINDY GABEL BOARD MEMBER 0.2 0.1 X 3000 500 BETTY GARDINER-WASSILY BOARD MEMBER 0.9 X 7500 KENNETH JENSEN BOARD MEMBER 0.9 0.1 X 6750 1250 MARY ANN JOHNSON BOARD MEMBER 0.9 0.1 X 7250 2250 GERDA KOSBRUK BOARD MEMBER 1.2 0.2 X 14000 3000 MOSES KRITZ BOARD MEMBER 2.0 0.1 X 17250 750 PATRICK PATTERSON JR BOARD MEMBER 0.8 0.1 X 5000 2000 VICTOR SEYBERT BOARD MEMBER 1.9 0.1 X 15000 1000 FRITZ SHARP BOARD MEMBER 0.9 0.1 X 8000 2000 EVERETT THOMPSON BOARD MEMBER 0.1 X 1500 MOSES TOYUKAK SR BOARD MEMBER 0.8 X 10500 NORMAN VAN VACTOR PRESIDENT/CEO 40.0 X 194836 37777 HELEN SMEATON CHIEF OPERATING OFFICER 40.0 0.1 X 103018 515 33601 STACI FIESER CHIEF FINANCIAL OFFICER 40.0 X 95905 21916 CHRIS NAPOLI CHIEF ADMINISTRATIVE OFFICER 40.0 X 87099 24158 PAUL PEYTON SEAFOOD INVESTMENT OFFICER 40.0 X 151691 38461 867340 16681 161569 3 false true false 0 X 0 CDQ ROYALTIES 110000 14698868 14698868 IFQ ROYALTIES 110000 2283916 2283916 16982784 8278136 -935930 7239791 1974275 0 0 0 0 0 57508858 55754969 1753889 1753889 1753889 0 0 0 BBEDC MATCHING FUNDS 110000 51812 51812 ICE SALES FROM BARGES 110000 57493 57493 MEDIATION SETTLEMENT INCOME 900099 178581 178581 22033 15649 6384 309919 27324728 -632395 7239791 20717332 11273538 11273538 2356915 2356915 0 0 884343 213036 671307 0 889385 591283 298102 40542 11614 28928 410546 185136 225410 138452 68892 69560 0 76410 60150 16260 124782 124782 99641 99641 0 290117 282900 7217 50890 41014 9876 62129 39185 22944 96001 16969 79032 27087 27087 0 98742 18448 80294 396646 180640 216006 0 22126 6897 15229 19071 19071 0 413617 354423 59194 92182 51881 40301 DUES AND SUBSCRIPTIONS 50378 46797 3581 0 PROGRAM EXPENSES 634779 634779 0 UBI TAX EXPENSE 2414944 2414944 0 TRAINING & STAFF DEVELOPMENT 34755 34755 0 -43954 19408 -63362 20954064 16472976 4481088 0 X 0 0 49754278 20148718 0 0 5691096 6327390 0 0 0 0 1400000 0 0 0 396531 167414 5671821 3151953 2883435 2519868 51952539 76400883 0 0 80786350 112619705 0 0 30772968 31119280 223637197 249303258 282032 326568 8122842 11351569 0 0 0 0 0 0 0 0 0 15019071 0 0 391124 1251519 8795998 27948727 X 214841199 221354531 0 0 0 0 214841199 221354531 223637197 249303258 X 6370664 1264335 -1121667 X false true X true false 202399 202399 1654008 275819 1378189 451973 371710 80263 3363441 2504424 859017 2519868 INVESTMENT IN FISHING RIGHTS 17002115 C INVESTMENT IN IFQS 32874941 C INVESTMENT IN AFFILIATES 62742649 C 112619705 ACCRUED INTEREST 206912 DUE FROM AFFILIATES 434466 GOODWILL 30477067 INCOME TAXES RECEIVABLE 835 31119280 166422 STATE INCOME TAXES 15458 DUE TO AFFILIATE 1069639 1251519 28589063 1264335 1264335 27324728 27324728 22075731 1121667 1121667 20954064 20954064 Part XIII, Line 2d: IFQ Impairment Loss of $1,121,667 true ALASKA WEST SUPPLY 3905 BEA AVENUE DILLINGHAM AK 99576 920149719 8472 SEASONAL EMPLOYMENT OPPORTUNITIES CITY OF ALEKNAGIK BOX 33 ALEKNAGIK AK 99555 920079021 263754 ECONOMIC DEVELOPMENT ALEKNAGIK TRADITIONAL COUNCIL BOX 115 ALEKNAGIK AK 99555 942857786 282646 ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS BRISTOL BAY BOROUGH BOX 189 NAKNEK AK 99633 920029832 12375 SEASONAL EMPLOYMENT OPPORTUNITIES BRISTOL BAY NATIVE ASSOCIATION BOX 310 DILLINGHAM AK 99576 920041473 11909 COMMUNITY/GROUP TRAININGS CHOGGIUNG LTD BOX 330 DILLINGHAM AK 99576 920045217 15132 SEASONAL EMPLOYMENT OPPORTUNITIES CITY OF DILLINGHAM BOX 889 DILLINGHAM AK 99576 920030674 300017 ECONOMIC DEVELOPMENT; SEASONAL EMPLOY. CLARKS POINT VILLAGE COUNCIL BOX 90 CLARKS POINT AK 99569 920073206 540400 ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS CURYUNG TRIBAL COUNCIL BOX 216 DILLINGHAM AK 99576 920069902 297994 ECONOMIC DEVELOPMENT; SEASONAL EMPLOY. CITY OF EGEGIK BOX 189 EGEGIK AK 99579 920154668 16193 SEASONAL EMPLOYMENT OPPORTUNITIES EDGE SURVEYING & DESIGN LLC 12501 OLD SEWARD HWY SUITE D ANCHORAGE AK 99515 271398598 21547 SEASONAL EMPLOYMENT OPPORUTNITIES EGEGIK TRIBAL COUNCIL 6348 NIELSON WAY UNIT B ANCHORAGE AK 99518 920063332 550634 ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS EKWOK VILLAGE COUNCIL BOX 70 EKWOK AK 99580 943057295 580386 ECONOMIC DEVELOPMENT; SEASONAL EMPLOY. EKUK VILLAGE TRIBE BOX 530 DILLINGHAM AK 99576 920163114 544276 ECONOMIC DEVELOPMENT; SEASONAL EMPLOY. KDLG BOX 670 DILLINGHAM AK 99576 920031132 9666 SEASONAL EMPLOYMENT OPPORTUNITIES KING SALMON GROUND LLC BOX 214 KING SALMON AK 99613 900421246 13179 SEASONAL EMPLOYMENT OPPORTUNITIES KING SALMON VILLAGE COUNCIL BOX 68 KING SALMON AK 99613 920177073 546400 ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS LEVELOCK VILLAGE COUNCIL BOX 70 LEVELOCK AK 99625 920074206 521170 ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS CITY OF MANOKOTAK BOX 170 MANOKOTAK AK 99628 920037650 49786 PROMO OF PROGRAMS; OPPORT. FOR YOUTH MANOKOTAK VILLAGE COUNCIL BOX 169 MANOKOTAK AK 99628 920124434 500000 ECONOMIC DEVELOPMENT MOTIVE POWER MARINE BOX 1445 DILLINGHAM AK 99576 454840792 11917 SEASONAL EMPLOYMENT OPPORTUNITIES NAKNEK NATIVE COUNCIL BOX 106 NAKNEK AK 99633 920058661 556977 ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS CITY OF PILOT POINT BOX 430 PILOT POINT AK 99649 920140460 9185 SEASONAL EMPLOYMENT OPPORTUNITIES PILOT POINT TRIBAL COUNCIL BOX 449 PILOT POINT AK 99649 990143318 546400 ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS NATIVE COUNCIL OF PORT HEIDEN BOX 49007 PORT HEIDEN AK 99549 920059922 566319 ECONOMIC DEVELOPMENT; SEASONAL EMPLOY. PORTAGE CREEK VILLAGE COUNCIL 1327 E 72ND UNIT B ANCHORAGE AK 99518 920070857 506000 ECONOMIC DEVELOPMENT; OPPS FOR YOUTH SAFE AND FEAR-FREE ENVIRONMENT BOX 94 DILLINGHAM AK 99576 980088380 8338 SEASONAL EMPLOYMENT OPPORTUNITIES NATIVE VILLAGE OF SOUTH NAKNEK 1830 E PARKS HWY SUITE A-133 PMB 3 WASILLA AK 99654 920065146 551191 ECONOMIC DEVELOPMENT; SEASONAL EMPLOY. SOUTHWEST ALASKA VOCATIONAL & EDUCATION CENTER BOX 615 KING SALMON AK 99613 920174741 132607 COMMUNITY/GROUP TRAININGS CITY OF TOGIAK BOX 190 TOGIAK AK 99678 920047402 142912 ECONOMIC DEVELOPMENT; SEASONAL EMPLOY. TRADITIONAL COUNCIL OF TOGIAK BOX 310 TOGIAK AK 99678 920113885 409354 ECONOMIC DEVELOPMENT; SEASONAL EMPLOY. TWIN HILLS VILLAGE COUNCIL BOX TWA TWIN HILLS AK 99576 920062296 551926 ECONOMIC DEVELOPMENT; SEASONAL EMPLOY. UGASHIK TRADITIONAL COUNCIL 206 E FIREWEED LN SUITE 204 ANCHORAGE AK 99503 920160597 546400 ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS BRISTOL BAY SCIENCE & RESEARCH INSTITUTE BOX 1464 DILLINGHAM AK 99576 920168036 1520145 SCIENTIFIC AND EDUCATIONAL PROJECTS UAF-BRISTOL BAY CAMPUS BOX 1070 DILLINGHAM AK 99576 926000147 49999 GED/ADULT BASIC ED; NURSING PROGRAM ARCTIC STORM MANAGEMENT GROUP 2727 ALASKAN WAY PIER 69 SEATTLE AK 98121 912155264 21338 INTERNSHIPS OCEAN BEAUTY SEAFOODS LLC BOX 70739 SEATTLE AK 981271539 208899430 39244 INTERNSHIPS NORTH STAR INSURANCE SERVICES LLC 4039-21ST AVENUE W SUITE 200 SEATTLE AK 98199 912155797 5584 INTERNSHIPS SNOW & COMPANY INC 5302 26TH AVENUE NW SEATTLE AK 98107 264750695 11766 INTERNSHIPS 30 9 PERMIT LOAN PROGRAM 17 195918 PERMIT LOAN TECHNICAL ASSISTANCE 11 20125 EMERGENCY TRANSFER GRANTS 38 228000 INTEREST RATE ASSISTANCE 35 56070 TECHNICAL ASSISTANCE 7 2129 TAX ASSISTANCE PROGRAM 1222 154715 VESSEL UPGRADES 103 1175773 STUDENT LOAN FORGIVENESS PROGRAM 12 41254 COLLEGE DEVELOPMENT FUND 126 130315 COMMUNITY/GROUP TRAININGS 13 2360 VOCATIONAL/TECHNICAL TRAINING PROGRAM 140 314642 CHILLING IMPROVEMENTS PROGRAM - TOTES 15 27084 BOOK TOTES FOR ICING FISH CHILLING IMPROVEMENTS PROGRAM - SLUSH BAGS 7 8530 BOOK SLUSH BAGS FOR ICING CHILLING IMPROVEMENTS PROGRAM - FOAM INSULATION 7 0 BOOK FOAM INSUL FOR ICING 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. true X X X false false false false false false false false false NORMAN VAN VACTOR PRESIDENT/CEO 164019 25500 5317 37777 232613 PAUL PEYTON SEAFOOD INVESTMENT OFFICER 151691 4524 33937 190152 DILLON CHANEY GRANDSON OF BOARD MEMBER 462 TRAINING ASSISTANCE JOB TRAINING ROBYN CHANEY DAUGHTER OF BOARD MEMBER 677 EDUCATIONAL ASSISTANCE EDUCATION JACLYN CHRISTENSEN IN-LAW OF BOARD MEMBER 1558 EDUCATIONAL ASSISTANCE EDUCATION JASMINE KRITZ GRANDDAUGHTER OF BD MEMBER 658 EDUCATIONAL ASSISTANCE EDUCATION DARREN NAPOLI SON OF OFFICER 684 EDUCATIONAL ASSISTANCE EDUCATION PATRICK PATTERSON JR BOARD MEMBER 2011 TRAINING ASSISTANCE JOB TRAINING FERDINAND SHARP BROTHER OF BOARD MEMBER 336 EDUCATIONAL ASSISTANCE EDUCATION organization mission form 990, part I, Line 1 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. FAMILY AND BUSINESS RELATIONSHIPS OF BOARD MEMBERS Form 990 Part VI Line 2 BOARD MEMBERS - H. ROBIN SAMUELSEN, JR. AND MOSES KRITZ SIT ON THE BOARD OF ANOTHER CORPORATION (BRISTOL BAY NATIVE CORPORATION). 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 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. 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. CURRENT YEAR PRESIDENT/CEO CONTRACT IS FOR A 3 YEAR TERM. IN ADDITION, THE BOARD TAKES INTO CONSIDERATION ITS POLICY OF UP TO A 4% MERIT INCREASE EACH YEAR. AT THE CONCLUSION OF THE PRESIDENT/CEO'S EVALUATION, THE PRESIDENT/CEO IS REQUIRED TO LEAVE THE ROOM SO THAT THE REMAINING BOARD MAY HAVE CONFIDENTIAL DISCUSSIONS. MOTION IS MADE TO COME OUT OF EXECUTIVE SESSION AND THE BOARD'S DECISION OF THE CONTRACT AND COMPENSATION IS PRESENTED AND DOCUMENTED IN THE MINUTES. DETERMINING COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES Form 990 Part VI Line 15b THE BOARD SETS THE BEGINNING SALARY RANGE FOR THE POSITIONS AT BBEDC BASED ON A LOCAL SALARY SURVEY. 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, 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 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 P.O. BOX 1464, DILLINGHAM, AK 99576-1464. IN ADDITION, OUR FORM 990 IS AVAILABLE FOR VIEWING ON THE WEBSITE GUIDESTAR.ORG. Part VII, Section A, Column B Board Member or Officer Average Hours Per Week Related Organizations H. Robin Samuelsen, Jr. 0.2 hours/week for BBSRI & HSST Fred T. Angasan, Sr. 0.1 hours/week for BBSRI Hattie Albecker 0.1 hours/week for BBSRI Robert Heyano 0.1 hours/week for BBSRI Mary Ann Johnson 0.1 hours/week for HSST Gerda Kosbruk 0.2 hours/week for BBSRI & HSST Moses Kritz 0.1 hours/week for BBSRI Victor Seybert 0.1 hours/week for BBSRI Fritz Sharp 0.1 hours/week for HSST Cindy Gabel 0.1 hours/week for HSST Helen Smeaton 0.1 hours/week for BBSRI Kenneth Jensen 0.1 hours/week for HSST Patrick Patterson, JR. 0.1 hours/week for HSST Part XI Reconciliation of Net Assets Other Changes in net assets or fund balances includes an $1,121,667 impairment loss recorded on the financial statements not included on the tax return. BRISTOL BAY ICE LLC PO BOX 1464 DILLINGHAM AK 99576 204176963 COMM. FISHING AK 57493 948541 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. FISHING AK NA RELATED 73525 233241 true false 0.50000 ALASKAN LEADER SEAFOODS LLC 8874 BENDER RD STE 201 LYNDON WA 98264 205851344 FISH MARKETING AK NA RELATED -53173 425258 false false 0.50000 ALASKAN LEADER VESSEL LLC 8874 BENDER RD STE 201 LYNDON WA 98264 920142904 COMM. FISHING AK NA RELATED -45436 3799530 true false 0.50000 ALEUTIAN LEADER FISHERIES LLC 8874 BENDER RD STE 201 LYNDON WA 98264 261607537 COMM. FISHING AK NA RELATED -253085 520962 true false 0.50000 BERING LEADER FISHERIES LLC 8874 BENDER RD STE 201 LYNDON WA 98264 432055793 COMM. FISHING AK NA RELATED -92704 3720176 true false 0.50000 BRISTOL LEADER FISHERIES LLC 8874 BENDER RD STE 201 LYNDON WA 98264 911780779 COMM. FISHING AK NA RLEATED 328121 4375019 true false 0.50000 KODIAK LEADER FISHERIES LLC 8874 BENDER RD STE 201 LYNDON WA 98264 272387715 COMM. FISHING AK NA RELATED 304760 -722022 false false 0.50000 NORTHERN LEADER FISHERIES LLC 8874 BENDER RD STE 201 LYNDON WA 98264 454219695 COMM. FISHING AK NA RELATED -9672217 19059711 false false 0.50000 ATECH SERVICES LLC 8874 BENDER RD STE 201 LYNDON WA 98264 262712575 FABRICATION WA NA UNRELATED 36486 194809 false false 0.50000 DONA MARTITA LLC 20308 DAYTON AVE N SEATTLE WA 98133 912089115 COMM. FISHING WA NA RELATED 1093907 13169555 true false 0.50000 ALASKAN MARINER LLC 5470 SHILSHOLE AVE NW STE 410 SEATTLE WA 98107 200499337 COMM. FISHING WA NA RELATED 213717 809959 true false 0.50000 ALEUTIAN MARINER LLC 5470 SHILSHOLE AVE NW STE 410 SEATTLE WA 98107 911424870 COMM. FISHING WA NA RELATED 305526 679521 true false 0.40000 ARCTIC MARINER LLC 5470 SHILSHOLE AVE NW STE 410 SEATTLE WA 98107 911530408 COMM. FISHING WA NA RELATED 244038 724829 true false 0.50000 BRISTOL MARINER LLC 5470 SHILSHOLE AVE NW STE 410 SEATTLE WA 98107 911812263 COMM. FISHING AK NA RELATED 320242 779828 true false 0.45000 CASCADE MARINER LLC 5470 SHILSHOLE AVE NW STE 410 SEATTLE WA 98107 912095173 COMM. FISHING WA NA RELATED 291229 882412 true false 0.50000 NORDIC MARINER LLC 5470 SHILSHOLE AVE NW STE 410 SEATTLE WA 98107 911837754 COMM. FISHING WA NA RELATED 238455 820210 true false 0.45000 NORTHERN MARINER LLC 5470 SHILSHOLE AVE NW STE 410 SEATTLE WA 98107 911942159 COMM. FISHING WA NA RELATED 228608 7601 false false 0.45000 WESTERN MARINER LLC 5470 SHILSHOLE AVE NW STE 410 SEATTLE WA 98107 800074651 COMM. FISHING WA NA RELATED 235238 1381849 true false 0.50000 NEAHKAHNIE LLC 2727 ALASKAN WAY PIER 69 SEATTLE WA 98121 911953160 COMM. FISHING WA NA RELATED -12204 242813 true false 0.30000 OCEAN BEAUTY SEAFOODS LLC 1100 W EWING ST SEATTLE WA 98119 208899430 SEAFOOD PROCESS. AK NA UNRELATED 7280272 41281190 true false 0.50000 ALASKA SEAFOOD INVESTMENT MANAGEMENT CO PO BOX 1464 DILLINGHAM AK 99576 920148997 FISHING MGMT AK BBEDC C Corp 0 0 1.00000 true false true false false false false false false false false false true false true true false true false false BRISTOL BAY SCIENCE AND RESEARCH INSTITUTE b 500000 ACTUAL CASH BRISTOL BAY SCIENCE AND RESEARCH INSTITUTE q 38876 ACTUAL CASH