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BRISTOL BAY ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2023

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Organization
BRISTOL BAY ECONOMIC DEVELOPMENT CORPORATION (EIN 92-0142567)
Tax period
2023-01-01 to 2023-12-31
Filed
2025-01-15
IRS object ID
202500159349302240
Schema version
2023v6.0
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

FieldValueIRS element (for citing)
Return2025-01-15T13:38:11-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135565207PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1401 UNION STREET SUITE 2800AddressLine1Txt
CitySEATTLECityNm
State AbbreviationWAStateAbbreviationCd
ZIP98101ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN920142567EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BRISTOL BAY ECONOMIC DEVELOPMENT CORPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBRISBusinessNameControlTxt
Phone9078424370PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1464AddressLine1Txt
CityDILLINGHAMCityNm
State AbbreviationAKStateAbbreviationCd
ZIP99576ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL LINKPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone9078424370PhoneNum
Signature2025-01-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID M HIGHFILLPreparerPersonNm
PTINP01517891PTIN
Phone2069134000PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMICHAEL LINKPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1464AddressLine1Txt
CityDILLINGHAMCityNm
State AbbreviationAKStateAbbreviationCd
ZIP99576ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$68,085,598GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.BBEDC.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1992FormationYr
Legal Domicile StateAKLegalDomicileStateCd
Activity Or MissionTO 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 Body20VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee35TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI-$7,958,614TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$43,517,973PYProgramServiceRevenueAmt
CY Program Service Revenue$9,988,722CYProgramServiceRevenueAmt
PY Investment Income$3,395,589PYInvestmentIncomeAmt
CY Investment Income$10,006,134CYInvestmentIncomeAmt
PY Other Revenue$125,377PYOtherRevenueAmt
CY Other Revenue$25,918CYOtherRevenueAmt
PY Total Revenue$47,038,939PYTotalRevenueAmt
CY Total Revenue$20,020,774CYTotalRevenueAmt
PY Grants And Similar Paid$10,276,488PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$11,370,579CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,566,621PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,627,963CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$9,549,359PYOtherExpensesAmt
CY Other Expenses$7,653,714CYOtherExpensesAmt
PY Total Expenses$22,392,468PYTotalExpensesAmt
CY Total Expenses$21,652,256CYTotalExpensesAmt
PY Revenues Less Expenses$24,646,471PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,631,482CYRevenuesLessExpensesAmt
Total Assets BOY$384,600,359TotalAssetsBOYAmt
Total Assets EOY$394,959,006TotalAssetsEOYAmt
Total Liabilities BOY$2,644,380TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,297,554TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$381,955,979NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$391,661,452NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionIT 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 Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,948,391ExpenseAmt
Grant$0GrantAmt
Revenue$22,071,797RevenueAmt
DescFISHING OPERATIONSBBEDC GENERATES ROYALTIES BY CONTRACTING WITH HARVESTING VESSELS AND PROCESSORS FOR A SHARE OF THE REVENUE GENERATED IN THE HARVEST AND SALE OF CDQ AND IFQ ALLOCATIONS. THESE ROYALTIES HELP SUPPORT THE PROGRAMS AND OTHER WORK PROVIDED BY BBEDC.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$8,404,272ExpenseAmt
Grant$8,404,272GrantAmt
Revenue$0RevenueAmt
DescCOMMUNITY AND BUSINESS DEVELOPMENT - SEE SCHEDULE OBBEDC HAS INVESTED MORE THAN $129,000,000 IN COMMUNITY ECONOMIC DEVELOPMENT THROUGH COMMUNITY GRANT PROGRAMS. COMMUNITY GRANTS PROVIDE BBEDC COMMUNITIES WITH THE OPPORTUNITY TO FUND PROJECTS THAT PROMOTE SUSTAINABLE COMMUNITY AND REGIONAL ECONOMIC DEVELOPMENT. IN ADDITION, COMMUNITIES MAY CHOOSE TO USE COMMUNITY BLOCK GRANT FUNDS TO ASSIST ELIGIBLE RESIDENT HOUSEHOLDS IN THE RESPECTIVE BBEDC COMMUNITIES TO PURCHASE HOME HEATING FUEL AND/OR ELECTRICITY OR TO FUND OPERATIONS AND MAINTENANCE (O&M) OF BUILDINGS AND ICE MACHINES TO WHICH THE COMMUNITY OWNS TITLE. IN 2023, THE BOARD OF DIRECTORS ALLOCATED $750,000 PER BBEDC COMMUNITY FOR THE COMMUNITY BLOCK GRANT PROGRAM AND THE FOLLOWING WERE AWARDED.ALEKNAGIK $750,000HEAVY EQUIPMENT REPAIR PROJECTHOME HEATING FUEL/ELECTRIC ASSISTANCEPURCHASE HEAVY EQUIPMENT LOADERPURCHASE HEAVY EQUIPMENT DUMP TRUCKBRUSH CUTTING/CLEARING PROJECTMAJOR EQUIPMENT REPAIR PROJECTCLARKS POINT $750,000SNOWBULANCE RESCUE SLEDHOME HEATING FUEL/ELECTRIC ASSISTANCEGRAVEL PURCHASE PROJECTPURCHASE HEAVY EQUIPMENT LOADERPURCHASE HEAVY EQUIPMENT SKID STEERELECTRIC REPAIR PROJECTDILLINGHAM $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCEEGEGIK $750,000VEHICLE PURCHASEPURCHASE HEAVY EQUIPMENT TELEHANDLERSHOP/STORAGE BUILDING CONSTRUCTION PROJECTEKUK $750,000CONSTRUCTION OF EKUK TO CLARKS POINT ROAD PHASE XEKWOK $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCEGREEN BUILDING CONSTRUCTION PROJECTKING SALMON $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCELEVELOCK $750,000FISH PROCESSING PLANT DEVELOPMENT, NEXT PHASEHOME HEATING FUEL/ELECTRIC ASSISTANCETRIBAL COUNCIL OFFICE O&MLEVELOCK CLINIC/RAINBOW HALL O&MMANOKOTAK $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCE BRUSH CUTTING PROJECTCOMMUNITY BUILDING, PHASE 1NAKNEK $750,000ECKERT PROPERTY IMPROVEMENTS AND ENHANCEMENTPILOT POINT $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCESEAFOOD PROCESSING FACILITY, NEXT PHASECOMMUNITY HOUSING PROJECTSCOASTAL REVETMENT BARRIERPURCHASE HEAVY EQUIPMENT - EXCAVATORPORTAGE CREEK $750,000HOUSING SECURITY PROJECTPORT HEIDEN $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCETRIBAL BUILDING RENOVATION PROJECTJOHNNY CHRISTENSEN VISITING CENTER, PHASE 1SOUTH NAKNEK $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCEPURCHASE HEAVY EQUIPMENT SKID STEERPURCHASE VEHICLESICE MACHINE ADDITIONSTOGIAK $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCEFREEZER UNIT PURCHASE AND INSTALLATIONTWIN HILLS $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCEMETER BASE CHANGEOUT PROJECTPOWERLINE EXTENSION PROJECTEQUIPMENT UPGRADE & REPAIRPURCHASE HEAVY EQUIPMENT SKID STEER WITH SNOW BLOWERBRUSH CUTTING/CLEARING PROJECTMAINTENANCE BUILDING FUND ALLOCATIONUGASHIK $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCEINFRASTRUCTURE IMPROVEMENTS/COMMERCIAL FISHING SUPPORTARCTIC TERN PROGRAMTHROUGH THE ARCTIC TERN PROGRAM BBEDC DISTRIBUTES GRANTS OF UP TO $6,000 AVAILABLE TO EACH BBEDC COMMUNITY TO UNDERTAKE PROJECTS THAT PROVIDE OPPORTUNITIES FOR EMPLOYMENT AND EDUCATIONAL ACTIVITIES FOR YOUTH UNDER THE AGE OF 17. A CUMULATIVE TOTAL OF $53,260 WAS AWARDED TO 10 BBEDC COMMUNITIES IN 2023 AND A TOTAL OF 58 YOUTH WERE EMPLOYED AND/OR ENGAGED THROUGH THE GRANTS. PROJECTS INCLUDED COMMUNITY-WIDE CLEANUP EVENTS, COMMUNITY HELPER PROGRAM'S IN TWO SEPARATE COMMUNITIES THAT EMPLOYED YOUNG PEOPLE TO PROVIDE HOME SERVICES FOR RESIDENTS IN NEED, ATTENDANCE AT THE ALASKA FEDERATION OF NATIVES (AFN) YOUTH AND ELDERS CONFERENCE, STUDENT EMPLOYEES DESIGNED A TRIBAL LOGO, AND A TOUR OF COLLEGE AND VOCATIONAL INSTITUTESINTEREST RATE ASSISTANCE PROGRAMTHE INTEREST RATE ASSISTANCE (IRA) PROGRAM IS DESIGNED TO HELP RESIDENT FISHERS WITH INTEREST EXPENSES THAT OCCUR WITH FISHING LOANS IN ORDER THAT THEY MAY REINVEST IN THEIR FISHING OPERATIONS AND TO OFFSET EVER-INCREASING INTEREST RATES. PARTICIPANTS REPORTED THAT THE LOAN AND SAVINGS GAINED FROM THE IRA WERE INVESTED IN IMPROVEMENTS TO THEIR VESSELS AND ADDED GEAR; ALL OF WHICH MAKES RESIDENT FISHING OPERATIONS MORE PROFITABLE AND RESULTS IN MORE ECONOMIC BENEFIT TO THE REGION. BBEDC ASSISTED 18 RESIDENT APPLICANTS AND INVESTED $41,107 IN 2023 IN INTEREST ASSISTANCE.GRANT WRITING ASSISTANCEBRISTOL BAY COMMUNITIES RELY ON FEDERAL, STATE AND PRIVATE GRANTING SOURCES FOR THE DEVELOPMENT AND REPLACEMENT OF CRITICAL COMMUNITY INFRASTRUCTURE AS WELL AS FOR DEVELOPMENT THAT RESULTS IN INCOME GENERATING OPPORTUNITIES FOR RESIDENTS. BBEDC'S GRANT WRITING ASSISTANCE PROGRAM PROVIDES THE SERVICES OF SELECTED GRANT-WRITING CONSULTANTS FOR FUNDING SEARCHES, PROPOSAL PRE-DEVELOPMENT, PRE-APPLICATIONS, PROPOSAL DEVELOPMENT, PROPOSAL FOLLOW-UP AND PROPOSAL REVIEW. IN 2023, BBEDC PROVIDED $60,228 TO SUPPORT PROFESSIONAL CONSULTING ASSISTANCE FOR PREPARATION OF PROPOSALS SUBMITTED BY BBEDC COMMUNITIES TO GRANTING AGENCIES. INDIVIDUAL GRANT PROPOSALS REQUIRED UP TO 100 HOURS OF CONSULTANT TIME IN SOME CASES DUE TO THE COMPLEXITY. TECHNICAL ASSISTANCE PROGRAMOUR REGION'S ENTREPRENEURS, INCLUDING COMMERCIAL FISHERS, COMMUNITY ORGANIZATIONS/GOVERNMENTS, INDIVIDUALS AND SMALL BUSINESSES, ARE AN ASSET TO BE CULTIVATED, MOTIVATED, AND REWARDED. HEALTHY AND THRIVING BUSINESSES GENERATE RESIDENT JOBS AND ECONOMIC ACTIVITY THAT IS BENEFICIAL TO THE REGION. BBEDC'S TECHNICAL ASSISTANCE PROGRAM PROMOTES BUSINESS PLANNING AND DEVELOPMENT WHETHER IT IS A COMMERCIAL FISHING OPERATION OR OTHER SMALL BUSINESS. THROUGH PARTNERSHIPS WITH THE ALASKA BUSINESS DEVELOPMENT CENTER (ABDC) AND AGNEW::BECK CONSULTING, RESIDENT ENTREPRENEURS ARE PROVIDED PROFESSIONAL BUSINESS CONSULTING SERVICES. IN 2023, BBEDC INVESTED $29,480 IN CONSULTING TIME FOR RESIDENT TECHNICAL ASSISTANCE AND PROVISION OF ASSISTANCE SPECIFICALLY FOR APPLICANTS AND PARTICIPANTS IN THE EMERGENCY TRANSFER GRANT PROGRAM, PERMIT LOAN PROGRAM AND VESSEL ACQUISITION PROGRAM. ANOTHER $19,650 FUNDED COMPLETION OF AN OVERALL ASSESSMENT OF THE PERMIT LOAN PROGRAM THAT WAS BEGUN IN 2022.COMMUNITY LIAISON PROGRAMTHROUGH THE BBEDC COMMUNITY LIAISON PROGRAM GRANTS ARE MADE AVAILABLE TO EACH CDQ COMMUNITY (CITY OR TRIBAL ORGANIZATION) TO FUND A POSITION THAT SERVES AS A LIAISON FOR BBEDC STAFF IN THEIR COMMUNITY. THE POSITION IS CRITICAL FOR ASSURING THAT RESIDENTS ARE PROVIDED WITH CURRENT INFORMATION AND EASY ACCESS TO BBEDC PROGRAM INFORMATION. THE INDIVIDUAL IS AN EMPLOYEE OF THE GRANT RECIPIENT AND PROVIDES ADDITIONAL SUPPORT TO THAT ORGANIZATION WITH OTHER ADMINISTRATIVE TASKS. GRANTS OF $58,700 WERE AVAILABLE TO EACH OF THE 16 COMMUNITY APPLICANTS. EACH COMMUNITY WAS ALSO ELIGIBLE TO RECEIVE AN ADDITIONAL $1,000 ANNUALLY TO OFFSET THE COST OF INTERNET TO ATTEND MONTHLY COMMUNITY LIAISON MEETINGS THROUGH VIDEOCONFERENCE. BBEDC INVESTED A TOTAL OF $945,700 IN 2023.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$3,027,038ExpenseAmt
Grant$2,222,207GrantAmt
Revenue$20,448RevenueAmt
DescREGIONAL FISHING DEVELOPMENT - SEE SCHEDULE OBBEDC OFFERS VESSEL UPGRADE GRANTS TO RESIDENT COMMERCIAL FISHERS TO HELP UPGRADE AND MODERNIZE THE FLEET WITH TECHNICAL INNOVATIONS, EFFICIENT ENGINES, OUTBOARDS, OR SIMPLY THE REPAIRS NECESSARY TO KEEP VESSELS OUT ON THE FISHING GROUNDS. A NEW CHANGE WAS MADE TO THE PROGRAM IN 2023; PREVIOUS PARTICIPANTS IN THE VESSEL UPGRADE GRANT PROGRAM MAY QUALIFY FOR THE PROGRAM AGAIN, PROVIDED THEIR APPLICATION MEETS THE ELIGIBILITY CRITERIA. DRIFT OPERATIONS CAN QUALIFY FOR UP TO $35,000 AND SET NET OPERATIONS FOR UP TO $17,500 TO HELP OPTIMIZE THEIR FISHING OPERATIONS. IN 2023, BBEDC SPENT $1,008,252 TO HELP FIFTY-SIX RESIDENT FISHERS FROM FIFTEEN BRISTOL BAY COMMUNITIES UPGRADE THEIR EQUIPMENT.IN-SEASON EMERGENCY PROVISIONTHE IN-SEASON EMERGENCY PROVISION PROVIDES EMERGENCY SUPPORT FOR RESIDENT FISHERS NEEDING TO GET BACK ON THE WATER IF THEY EXPERIENCE A CATASTROPHIC ENGINE OR DRIVE TRAIN FAILURE DURING THE SEASON. QUALIFYING RESIDENT DRIFT OPERATIONS CAN ACCESS UP TO $35,000, AND QUALIFYING RESIDENT SET NET OPERATIONS CAN ACCESS UP TO $17,500. APPLICANTS WHO HAVE RECEIVED A VESSEL UPGRADE GRANT IN THE PREVIOUS THREE YEARS MAY NOT BE ELIGIBLE AS THESE PROGRAMS SHARE THE SAME POOL OF FUNDING. IN 2023, BBEDC SPENT $64,284 THROUGH THIS PROVISION TO HELP FIVE RESIDENT FISHERS CONTINUE THEIR SEASON AFTER BREAKING DOWN.RSW PURCHASE PROGRAMMANY PROCESSORS OFFER A SUBSTANTIAL BONUS FOR CHILLING, AND DELIVERING HIGH QUALITY CHILLED FISH HAS BECOME THE INDUSTRY STANDARD IN BRISTOL BAY. REFRIGERATED SEA WATER (RSW) SYSTEMS CAN PROVIDE AN EFFICIENT ALTERNATIVE TO ICING WHILE ALSO SAVING ON FUEL EXPENSES AND REDUCED FISHING TIME FROM TRAVELLING TO GET ICE. RSW SYSTEMS COOL SEA WATER IN THE VESSEL'S FISH HOLDS TO CHILL THE CATCH, KEEPING HARVESTED SALMON FRESH. BBEDC'S RSW PURCHASE PROGRAM OFFERS GRANTS OF UP TO $22,000 TO ASSIST QUALIFIED BRISTOL BAY WATERSHED RESIDENT FISHERS WITH THE COST OF PURCHASING AN RSW SYSTEM. TO ENSURE EFFICIENT OPERATION OF AN RSW UNIT, VESSELS MUST BE PREPARED WITH INSULATED FISH HOLDS, ADEQUATE HYDRAULICS, AND PROPER PLUMBING BEFORE BEING APPROVED FOR AN RSW GRANT. APPLICATIONS FOR THE RSW PURCHASE PROGRAM ARE ACCEPTED YEAR-ROUND, AND GRANT FUNDS CAN BE USED IN CONJUNCTION WITH BBEDC'S VESSEL UPGRADE GRANT TO FURTHER REDUCE THE FISHER'S COST OF PREPARING THEIR VESSEL FOR AN RSW SYSTEM. IN 2023, BBEDC DISTRIBUTED $44,000 ACROSS TWO RSW PURCHASE PROGRAM GRANTS.RSW SUPPORT PROGRAMMANY PROCESSORS IN BRISTOL BAY REQUIRE THEIR FLEET TO CHILL THEIR HARVEST TO ENSURE A CONSISTENTLY HIGH-QUALITY PRODUCT. REFRIGERATED SEA WATER (RSW) SYSTEMS ARE INVALUABLE TO MANY FISHERS AS THEY ALLOW OPERATORS TO FOCUS ON FISHING WITHOUT THE NEED FOR PAUSING TO CHASE ICE, HOWEVER THESE SYSTEMS OFTEN REQUIRE CERTIFIED RSW TECHNICIANS TO ASSIST WITH START-UP AND REPAIRS. BBEDC OFFERS QUALIFYING RESIDENT FISHERS AN ANNUAL GRANT OF UP TO $1,000 TO HELP ALLEVIATE THE COST FOR TECHNICAL ASSISTANCE ON PRE-SEASON START-UPS, MAINTENANCE, AND WINTERIZATION OF THEIR RSW UNITS. IN 2023, NINETEEN RESIDENT FISHERS ACROSS SEVEN COMMUNITIES RECEIVED $14,223 IN GRANT AWARDS. BRISTOL BAY ICE, LLC (BBICE)BBEDC'S ICE BARGE THE BRISTOL MAID SERVICED THE NUSHAGAK FLEET NEAR CLARKS POINT AND SOLD 408,302 LBS. OF ICE TO FISHERS, A 37% DECREASE IN SALES FROM 2022. THIS DECREASE COULD BE BECAUSE THERE WERE SIGNIFICANTLY LESS BOATS REGISTERED IN THE DISTRICT IN 2023, AND MANY CAPTAINS ENDED THEIR SEASON EARLY AFTER PROCESSORS ANNOUNCED A REDUCED PRICE PAID TO FISHERS FOR THEIR SALMON. WITH THE BRISTOL LADY OUT OF COMMISSION THIS SEASON, BBEDC CONTRACTED WITH NORTHLINE SEAFOODS TO ENSURE THE FLEET HAD ACCESS TO ICE ON THE EASTSIDE OF BRISTOL BAY VIA THE SM-3. NORTHLINE'S SM-3 PROVIDED SLURRY ICE IN THE NAKNEK DISTRICT, RATHER THAN THE TRADITIONAL FLAKE ICE. OVERALL, ICE DISTRIBUTION EFFORTS IN THE BAY WENT SMOOTHLY IN 2023, AND BBEDC LOOKS FORWARD TO CONTINUING ITS CHILLING OPERATIONS AND PARTNERSHIPS IN THE YEARS TO COME.FISHERIES HABITAT PROTECTION GRANTDESPITE THE SUCCESS AND EXCITEMENT OF THE EPA'S JANUARY 30, 2023, DETERMINATION UNDER SECTION 404(C) OF THE CLEAN WATER ACT TO PROHIBIT AND RESTRICT THE USE OF CERTAIN WATERS NEAR THE PEBBLE DEPOSIT, A GREAT DEAL OF WORK REMAINS TO ENSURE OUR WATERS ARE PROTECTED FROM ENVIRONMENTAL THREATS. UNITED TRIBES OF BRISTOL BAY (UTBB) AND COMMERCIAL FISHERMEN FOR BRISTOL BAY (CFBB) CONTINUED THEIR MISSIONS TO PROTECT BRISTOL BAY'S FISHERIES HABITAT. BBEDC GRANTED THEM EACH $150,000 TO ASSIST THEIR ONGOING EFFORTS TO ENGAGE AND EDUCATE FROM THE INDIVIDUAL TO THE FEDERAL LEVEL.VESSEL ACQUISITION PROGRAMRESIDENT'S SUCCESS IN THE FISHERY IS DEPENDENT UPON ACCESS TO THE NECESSARY EQUIPMENT, WHICH INCLUDES A VESSEL. ENHANCING THE ABILITY OF RESIDENTS TO OBTAIN A COMPETITIVE AND EFFICIENT VESSEL IS THE FOCUS OF THE VESSEL ACQUISITION PROGRAM. VESSEL MAY ALSO MEAN A LICENSABLE TRUCK PROVIDED THAT THE APPLICANT CAN DEMONSTRATE THAT A VEHICLE IS THE PRIMARY VESSEL FOR THEIR INDIVIDUAL FISHING OPERATION AT THE POINT OF HARVEST AND DELIVERY. THE PROGRAM CAN PROVIDE A DOWN PAYMENT GRANT, INTEREST SUBSIDY, EQUITY ASSISTANCE, RSW INCENTIVE, TRAINING, AND TECHNICAL BUSINESS COUNSELING. APPLICANTS MUST BE ABLE TO OBTAIN A LOAN THROUGH AN ESTABLISHED LENDING INSTITUTE. IN 2023, FIVE RESIDENT DRIFT FISHERS AND ONE RESIDENT SET FISHER ENTERED THE PROGRAM, BRINGING THE TOTAL CUMULATIVE PROGRAM PARTICIPANTS TO 38. THIRTY-FIVE OF THE PARTICIPANTS REMAIN ACTIVE WHILE THREE HAVE GRADUATED FROM THE PROGRAM. THE CUMULATIVE INVESTMENT BY BBEDC IN 2023 WAS $440,706 FOR DOWN PAYMENT GRANTS, RSW INCENTIVE AND COMMITTED ANNUAL "SWEAT" EQUITY, AND INTEREST SUBSIDIES. PERMIT LOAN PROGRAMLIMITED ENTRY SALMON PERMITS HELD BY BRISTOL BAY WATERSHED RESIDENTS HAVE DECLINED SINCE THE ORIGINAL INCEPTION IN 1975. THAT DECLINE HAS SEVERELY DIMINISHED THE OVERALL COMMERCIAL SALMON FISHING INCOME GENERATED BY RESIDENTS MAKING OUT-MIGRATION OF PERMITS ONE OF THE MOST DETRIMENTAL ECONOMIC EVENTS IN THE BRISTOL BAY REGION. RETAINING AND RETURNING LIMITED ENTRY PERMITS TO THE REGION CONTINUES TO BE A BBEDC PRIORITY. THE PERMIT LOAN PROGRAM ENHANCES RESIDENTS' ABILITY TO PURCHASE AND SUCCESSFULLY OPERATE A LIMITED ENTRY SALMON PERMIT THROUGH A MENU OF FINANCIAL AND TECHNICAL SERVICES INCLUDING LOAN GUARANTEE, DOWN PAYMENT GRANT, INTEREST ASSISTANCE, PRINCIPAL REDUCTION ASSISTANCE, TECHNICAL ASSISTANCE AND/OR TRAINING TO SUCCESSFUL APPLICANTS. PARTICIPANTS ARE SELECTED THROUGH AN EVALUATIVE PROCESS AND THE PROGRAM IS UNIQUE IN THAT IT IS AVAILABLE TO RESIDENTS OF ALL THE 25 BRISTOL BAY WATERSHED COMMUNITIES. FOUR NEW PARTICIPANTS WERE ADDED IN 2023 WHICH BROUGHT THE TOTAL CUMULATIVE NUMBER OF PARTICIPANTS TO 76. AS OF 2023, SIXTY-ONE CONTINUE TO PARTICIPATE IN THE PROGRAM. BBEDC INVESTED A TOTAL OF $340,011 FOR NEW ENTRIES, COMMITTED EQUITY ASSISTANCE (SWEAT EQUITY) AND INTEREST SUBSIDY.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$3,646,698ExpenseAmt
Grant$744,100GrantAmt
Revenue-$4,118,991RevenueAmt
DescCOMMUNITY/GROUP TRAINING THE COMMUNITY/GROUP TRAINING PROGRAM IS AVAILABLE TO LOCAL VILLAGE, CITY, BOROUGH GOVERNMENTS AND KNOWN TRAINING PROVIDERS. THIS PROGRAM WORKS WITH SPONSORING ENTITIES TO SUPPORT TRAINING THAT BENEFITS THE REGION'S WORKFORCE AND FISHERIES. ALTHOUGH SOME TRAINING OCCURS OUTSIDE THE REGION, MORE AND MORE ORGANIZATIONS ARE FINDING WAYS TO HOST TRAINING WITHIN THE REGION AND HELP KEEP THE COSTS LOWER FOR RESIDENTS WHO WISH TO ATTEND. THERE WERE FIVE ORGANIZATIONS THAT PARTICIPATED IN THIS PROGRAM IN 2023 WHICH BENEFITED 167 PARTICIPANTS FROM 9 DIFFERENT COMMUNITIES IN THE BRISTOL BAY AREA. IN-REGION INTERNSHIP PROGRAMIN-REGION INTERNSHIPS ARE FOR LEARNING AND EXPERIENCING ANY GIVEN FIELD OF WORK, EITHER BECAUSE RESIDENTS ARE REQUIRED TO DO SO FOR THEIR EDUCATIONAL PURSUIT, OR FOR SOMEONE WITH PRIOR WORK EXPERIENCE WHO IS INTERESTED IN GAINING IN-DEPTH KNOWLEDGE ABOUT A PARTICULAR JOB OR CAREER. THREE RESIDENTS PARTICIPATED IN THE PROGRAM IN 2023 AND BBEDC REIMBURSED EMPLOYERS $47,217 IN WAGES AND ELIGIBLE EMPLOYMENT TAXES RELATED TO THE POSITIONS.NURSING PROGRAM SUPPORTTHROUGH COLLABORATION WITH THE UNIVERSITY OF ALASKA FAIRBANKS(UAF) BRISTOL BAY CAMPUS, UNIVERSITY OF ALASKA ANCHORAGE CAN ADMIT A COHORT OF STUDENTS INTO THE SCHOOL OF NURSING ASSOCIATES OF APPLIED SCIENCES (AAS) PROGRAM. THIS DEGREE PROGRAM ACCEPTS COHORTS OF STUDENTS EVERY OTHER YEAR WITH THE NEXT COHORT SCHEDULED TO START FALL SEMESTER 2025. THIS GIVES ANYONE WHO IS INTERESTED, TIME TO WORK ON THE PRE-REQUISITES THROUGH UAF'S PRE-NURSING CERTIFICATION PROGRAM AND IS OPEN TO NEW APPLICANTS EVERY SEMESTER. IN 2023, BBEDC SUPPORTED THE NURSING PROGRAM BY PROVIDING $17,500 TO HELP PAY FOR COSTS ASSOCIATED WITH INSTRUCTION AND CLINICAL MATERIALS FOR HANDS-ON LEARNING.SOUTHWEST ALASKA VOCATIONAL EDUCATION CENTER (SAVEC) THE SOUTHWEST ALASKA VOCATIONAL EDUCATION CENTER (SAVEC) IS AN ORGANIZATION WITHIN BRISTOL BAY THAT WAS ESTABLISHED TO PROVIDE TRAINING DIRECTLY RELATED TO THE LOCAL WORKFORCE NEEDS. THE STAFF WORK DIRECTLY WITH ORGANIZATIONS TO HELP COORDINATE TRAININGS BY HELPING WITH SCHEDULING, ORDERING SUPPLIES, WORKING ON TRAVEL FOR RESIDENT PARTICIPANTS, AND MORE. SAVEC OFFERS TRAINING OPPORTUNITIES VIRTUALLY, IN-PERSON AT THE NAKNEK HEADQUARTERS, OR IN THE COMMUNITY WITH TRAINING NEEDS. SAVEC HOSTED OR ORGANIZED 11 TRAININGS IN 2023 AND PROVIDED 87 RESIDENTS WITH VALUABLE EDUCATION AND SKILLS. BBEDC SUPPORT TOTALED $140,002, BENEFITING 8 SEPARATE COMMUNITIES THAT THE PARTICIPANTS LIVE IN. VOCATIONAL/TECHNICAL TRAINING PROGRAMTHE VOCATIONAL/TECHNICAL TRAINING PROGRAM IS FOR RESIDENTS WHO ARE INTERESTED IN TRAINING, CERTIFICATIONS, OR CONTINUING THEIR EDUCATION TO EITHER MAINTAIN AND ENHANCE THEIR CURRENT SKILL SET OR A NEW SKILL ALL TOGETHER. RESIDENTS ARE ELIGIBLE FOR UP TO $5,000 ANNUALLY TO COVER TUITION, ASSOCIATED COSTS, AND TRAVEL EXPENSES. SINCE THE VARIETY OF TRAININGS RESIDENTS MAY BE INTERESTED IN CAN OCCUR AT ANY TIME THROUGHOUT THE YEAR, BBEDC JUST REQUIRES APPLICATIONS TO BE COMPLETE AND SUBMITTED AT LEAST 7 FULL BUSINESS DAYS BEFORE THE START DATE. THIRTY-FOUR RESIDENTS PARTICIPATED IN THIS PROGRAM IN 2023 WITH $119,275 OF THE ELIGIBLE EXPENSES COVERED BY BBEDC. YOUTH INTERNSHIP PROGRAMBBEDC WORKS WITH ORGANIZATIONS IN THE REGION TO HELP SUPPORT THE FUTURE OF THE WORKFORCE THROUGH THE YOUTH INTERNSHIP PROGRAM. THIS SHORT-TERM INTERNSHIP CAN BE ANYWHERE FROM 4 TO 16 WEEKS AND IS AN OPPORTUNITY TO LEARN SKILLS THAT WILL HELP YOUTH IN THEIR FUTURE JOBS. THE INTERNSHIP IS ALSO A CHANCE FOR SOME YOUTH TO APPLY FOR AND INTERVIEW FOR THEIR FIRST JOBS EVER, WHICH ARE BOTH SKILLS THAT NEED TO BE LEARNED AND PRACTICED AS PART OF THE WHOLE EXPERIENCE. BBEDC SUPPORTED 17 INTERNS AROUND THE REGION, REIMBURSING LOCAL BUSINESSES $65,474 FOR WAGES AND ELIGIBLE ASSOCIATED COSTS IN 2023. SEASONAL EMPLOYMENT PROGRAMBBEDC WORKS WITH EMPLOYERS AROUND THE REGION TO CREATE SHORT-TERM EMPLOYMENT OPPORTUNITIES THAT GIVE RESIDENTS EXPERIENCE IN ENTRY LEVEL POSITIONS. THE SEASONAL EMPLOYMENT PROGRAM IS FOR POSITIONS LASTING BETWEEN 4-16 WEEKS AND IS AVAILABLE AT ANY TIME DURING THE YEAR. BBEDC WORKS WITH EMPLOYERS TO ADVERTISE EMPLOYMENT POSITIONS AND THEN ASSISTS RESIDENTS INTERESTED IN APPLYING AND INTERVIEWING. ALTHOUGH SEASONAL POSITIONS ARE MORE COMMON DURING THE REGION'S BUSIER SUMMER MONTHS, THERE ARE ALSO BUSINESSES IN THE SPRING AND WINTER MONTHS THAT OFFER POSITIONS. THERE WERE 46 POSITIONS ADVERTISED IN 7 COMMUNITIES IN THE BBEDC SERVICE AREA IN 2023. TWENTY-SEVEN OF THE POSITIONS WERE FILLED BY RESIDENTS AND BBEDC REIMBURSED EMPLOYERS A TOTAL OF $229,018 FOR ELIGIBLE EMPLOYMENT COSTS.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$3,646,698TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$744,100TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue-$4,118,991TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$18,026,399TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (1)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpYes (1)ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document72IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee35EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members20GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint VentureYes (1)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (1)WrittenPolicyOrProcedureInd
Upon RequestYes (X)UponRequestInd
OtherYes (X)OtherInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonELIZABETH PROUTPersonNm
Phone9078424370PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1411 FIRST AVENUE EAST PO BOX 1464AddressLine1Txt
CityDILLINGHAMCityNm
State AbbreviationAKStateAbbreviationCd
ZIP99576ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
MICHAEL LINK
EXECUTIVE DIRECTOR0.0040.00Yes (X)Yes (X)$268,672$0$61,378
JOHN CHRISTENSEN
BOARD MEMBER0.900.00Yes (X)$500$0$0
LOUIE ALAKAYAK SR
BOARD MEMBER1.440.00Yes (X)$4,000$0$0
HATTIE ALBECKER
SECRETARY6.120.72Yes (X)Yes (X)$14,917$0$0
FRED T ANGASAN SR
BOARD MEMBER1.980.00Yes (X)$7,500$0$0
PETER ANGASAN SR
BOARD MEMBER1.980.00Yes (X)$5,500$0$0
JIMMY COOPCHIAK
BOARD MEMBER0.900.72Yes (X)$9,666$0$0
BETTY GARDINER
BOARD MEMBER1.620.90Yes (X)$6,500$0$0
ROBERT HEYANO
TREASURER4.140.00Yes (X)Yes (X)$11,917$0$0
GUSTY ILUTSIK JR
BOARD MEMBER1.440.00Yes (X)$6,250$0$0
MARYANN JOHNSON
BOARD MEMBER3.421.62Yes (X)$12,500$0$0
RICHARD KING
BOARD MEMBER1.800.00Yes (X)$5,000$0$0
GERDA KOSBRUK
CHAIR BEG NOV 20236.481.62Yes (X)$18,750$0$0
H ROBIN SAMUELSEN JR
CHAIR THRU NOV 202313.500.72Yes (X)Yes (X)$47,083$0$0
VICTOR SEYBERT
BOARD MEMBER5.940.72Yes (X)$13,750$0$0
FRITZ SHARP
BOARD MEMBER1.800.90Yes (X)$9,750$0$0
ALEXANDER TALLEKPALEK
BOARD MEMBER1.800.00Yes (X)$6,500$0$0
WILLIAM YOST
BOARD MEMBER0.360.00Yes (X)$1,000$0$0
ERIN PETERS
BOARD MEMBER1.440.00Yes (X)$4,000$0$0
TEODORO PAUK
BOARD MEMBER1.800.00Yes (X)$0$0$0
CLIFFORD TUBBS
FINANCE OFFICER40.000.00Yes (X)$154,852$0$24,050
CHRISTOPHER NAPOLI
CAO40.000.00Yes (X)$149,557$0$30,512
STACI FIESER
CFO40.000.00Yes (X)$172,472$0$56,709
ALICE RUBY
PROGRAM DIRECTOR40.000.00$124,464$0$27,088Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,055,100TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$199,737TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
ZACHARY SCOTT & CO
1200 FIFTH AVESEATTLEWA98101CONSULTING$835,802
KPMG LLP
DEPT 0922 PO BOX 120922DALLASTX753120922PROFESSIONAL SERVICES$622,327
ADAMS AND REESE LLP
701 POYDRAS STREET STE 4500NEW ORLEANSLA70139CONSULTING$102,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
CDQ ROYALTIES110000$14,113,183$22,071,797-$7,958,614
IFQ ROYALTIES110000$647,704$647,704
FISHING RIGHTS REVENUE110000$58,846$58,846
FISHING OPERATIONS110000$58,333$58,333
EQUITY IN AFFIL EARNIN110000-$4,889,344-$4,889,344
FieldValueIRS element (for citing)
Total Program Service Revenue$9,988,722TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,495,825TotalRevenueColumnAmt
Exclusion$5,495,825ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$52,313,080SecuritiesAmt
Other$262,053OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$48,064,824SecuritiesAmt
Other$0OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$4,248,256SecuritiesAmt
Other$262,053OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,510,309TotalRevenueColumnAmt
Exclusion$4,510,309ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ICE SALES FROM BARGES110000$20,448$20,448
MISCELLANEOUS110000$5,470$5,470
FieldValueIRS element (for citing)
Other Revenue Total$25,918OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$20,020,774TotalRevenueColumnAmt
Related Or Exempt Func Income$17,973,254RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$7,958,614UnrelatedBusinessRevenueAmt
Exclusion$10,006,134ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$8,615,383TotalAmt
Program Services$8,615,383ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$2,755,196TotalAmt
Program Services$2,755,196ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$184,583TotalAmt
Management And General$184,583ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,849,564TotalAmt
Program Services$658,192ProgramServicesAmt
Management And General$1,191,372ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$115,256TotalAmt
Program Services$30,270ProgramServicesAmt
Management And General$84,986ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$285,666TotalAmt
Program Services$104,435ProgramServicesAmt
Management And General$181,231ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$192,894TotalAmt
Program Services$89,890ProgramServicesAmt
Management And General$103,004ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$162,072TotalAmt
Program Services$127,808ProgramServicesAmt
Management And General$34,264ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$678,088TotalAmt
Management And General$678,088ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$316,446TotalAmt
Program Services$316,446ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,347,834TotalAmt
Program Services$1,136,204ProgramServicesAmt
Management And General$211,630ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$14,613TotalAmt
Program Services$9,381ProgramServicesAmt
Management And General$5,232ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$230,260TotalAmt
Program Services$93,953ProgramServicesAmt
Management And General$136,307ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$21,225TotalAmt
Program Services$1,845ProgramServicesAmt
Management And General$19,380ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$157,013TotalAmt
Management And General$157,013ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$392,369TotalAmt
Program Services$101,105ProgramServicesAmt
Management And General$291,264ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,755TotalAmt
Program Services$271ProgramServicesAmt
Management And General$1,484ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$531,066TotalAmt
Program Services$393,087ProgramServicesAmt
Management And General$137,979ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$87,991TotalAmt
Program Services$140ProgramServicesAmt
Management And General$87,851ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
FISHING IMPAIRMENT LOSS$3,166,645$3,166,645
FUEL, GAS & OIL$348,687$348,687
UBI TAX EXPENSE$154,071$146,577$7,494
MISCELLANEOUS$43,579-$69,116$112,695

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$21,652,256TotalAmt
Program Services$18,026,399ProgramServicesAmt
Management And General$3,625,857ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$35,072,566BOYAmt
EOY$38,987,137EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$14,756,309BOYAmt
EOY$12,991,513EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$402,413BOYAmt
EOY$18,077,913EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$126,923BOYAmt
EOY$1,644,246EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$9,323,761LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,914,253LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$5,008,226BOYAmt
EOY$3,409,508EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$114,550,860BOYAmt
EOY$126,174,293EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$149,820,730BOYAmt
EOY$128,732,668EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$63,579,523BOYAmt
EOY$63,579,523EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,282,809BOYAmt
EOY$1,362,205EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$384,600,359BOYAmt
EOY$394,959,006EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,465,354BOYAmt
EOY$2,641,525EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,179,026BOYAmt
EOY$656,029EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,644,380BOYAmt
EOY$3,297,554EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$381,955,979BOYAmt
EOY$391,661,452EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$381,955,979BOYAmt
EOY$391,661,452EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$384,600,359BOYAmt
EOY$394,959,006EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$1,631,482ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$11,068,952NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$268,003OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$202,399OtherCostOrOtherBasisAmt
Book Value$202,399BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,771,370OtherCostOrOtherBasisAmt
Depreciation$708,107DepreciationAmt
Book Value$1,063,263BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$477,884OtherCostOrOtherBasisAmt
Depreciation$418,730DepreciationAmt
Book Value$59,154BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,872,108OtherCostOrOtherBasisAmt
Depreciation$4,787,416DepreciationAmt
Book Value$2,084,692BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,409,508TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
INVESTMENT IN UNCONSOLIDATED AFFILIATES$75,942,924C
INVESTMENT IN IFQS$31,287,548C
INVESTMENT IN FISHING RIGHTS$2,289,559C
INVESTMENT IN CONSOLIDATED AFFILIATES$19,212,637F
FieldValueIRS element (for citing)
Total Book Value Program Rltd$128,732,668TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescACCOUNTS PAYABLE TO AFFILIATEDesc
Amt$656,029Amt
FieldValueIRS element (for citing)
Total Liability$656,029TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$31,041,283TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$11,068,952NetUnrealizedGainsInvstAmt
Other Revenue$268,003OtherRevenueAmt
Revenue Not Reported$11,336,955RevenueNotReportedAmt
Revenue Subtotal$19,704,328RevenueSubtotalAmt
Investment Expenses Not Incld$316,446InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$316,446RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$20,020,774TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$21,335,810TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$21,335,810ExpensesSubtotalAmt
Investment Expenses Not Incld2$316,446InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$316,446ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$21,652,256TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE COMPANY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER PROVISIONS OF SECTIONS 501(C)(4) AND ITS WHOLLY OWNED SUBSIDIARIES BBSRI AND HSST UNDER THE PROVISIONS OF 501(C)(3) OF THE INTERNAL REVENUE CODE. A TAX PROVISION IS MADE FOR THE ACTIVITIES OF THE COMPANY S INVESTEES THAT OCCUR OUTSIDE OF THE AREA ENVISIONED BY THE GOVERNING FEDERAL REGULATION AS WELL AS FOR THE NET INVESTMENT INCOME OF THE HSST. MANAGEMENT HAS CONCLUDED THAT THE COMPANY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:EQUITY IN EARNINGS OF ENTITIES CONDOLIDATED FOR AFS 268,003.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (36 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
ALEKNAGIK TRADITIONAL COUNCIL
PO BOX 115ALEKNAGIKAK99555942857786TRIBAL COUNCIL$844,148$0CBG DRAWDOWN, YOUTH PROGRAM, COMMUNITY LIASON
BRISTOL BAY BOROUGH
PO BOX 169NAKNEKAK99633920029587STATE OF ALASKA$14,246$0SEASONAL EMPLOYMENT
BRISTOL BAY HISTORICAL SOCIETY
PO BOX 250NAKNEKAK99633510174974501 (C) (3)$24,830$0SEASONAL EMPLOYMENT
BRISTOL BAY NATIVE ASSOCIATION
PO BOX 310DILLINGHAMAK99576920041473501 (C) (3)$34,200$0YOUTH INTERNSHIP
CITY OF ALEKNAGIK
PO BOX 33ALEKNAGIKAK99555920079021CITY$28,111$0SEASONAL EMPLOYMENT
CITY OF DILLINGHAM
PO BOX 889DILLINGHAMAK99576920030674CITY$90,504$0HEAVY EQUIPMENT AND EMT TRAINING, SEASONAL EMPLOYMENT, YOUTH INTERNSHIP
CITY OF EKWOK
PO BOX 49EKWOKAK99580920086143CITY$18,814$0SEASONAL EMPLOYMENT
CITY OF MANOKOTAK
PO BOX 170MANOKOTAKAK99628920037650CITY$62,200$0ARTIC TERN AND COMMUNITY LIASON
CLARKS POINT VILLAGE COUNCIL
PO BOX 9CLARKS POINTAK99569920073206TRIBAL COUNCIL$866,056$0CBG DRAWDOWN,ARTIC TERN AND COMMUNITY LIASON
CURYUNG TRIBAL COUNCIL
PO BOX 216DILLINGHAMAK99576920699002TRIBAL COUNCIL$679,363$0CBG DRAWDOWN,ARTIC TERN AND COMMUNITY LIASON
DILLINGHAM CITY SCHOOL DISTRICT
PO BOX 170DILLINGHAMAK99576920031132STATE OF ALASKA$9,492$0YOUTH PROGRAM
EGEGIK VILLAGE COUNCIL
PO BOX 19EGEGIKAK99579920063332TRIBAL COUNCIL$58,700$0COMMUNITY LIASON
EKUK VILLAGE COUNCIL
PO BOX 530DILLINGHAMAK99576920163114TRIBAL COUNCIL$265,801$0CBG DRAWDOWN,ARTIC TERN AND COMMUNITY LIASON
EKWOK NATIVES LIMITED
PO BOX 29EKWOKAK99580920049722501(C)(3)$15,978$0YOUTH PROGRAM
EKWOK VILLAGE COUNCIL
PO BOX 70EKWOKAK99580943057295TRIBAL COUNCIL$523,025$0CBG DRAWDOWN,ARTIC TERN, COMMUNITY LIASON, SEASONAL EMPLOYMENT
LAKE & PENINSULA SCHOOL DISTRICT
PO BOX 498KING SALMONAK99613920057379STATE OF ALASKA$150,000$0COMNTINUING TECHICAL EDUCATION
KING SALMON TRIBAL COUNCIL
PO BOX 68KING SALMONAK99613920177073TRIBAL COUNCIL$287,500$0CBG DRAWDOWN, COMMUNITY LIASON
LEVELOCK VILLAGE COUNCIL
PO BOX 70LEVELOCKAK99625920074206TRIBAL COUNCIL$185,450$0CBG DRAWDOWN, COMMUNITY LIASON
MANOKOTAK VILLAGE COUNCIL
PO BOX 169MANOKOTAKAK99628920124434TRIBAL COUNCIL$410,729$0SEASONAL EMPLOYMENT
NAKNEK VILLAGE COUNCIL
PO BOX 106NAKNEKAK99633920058661TRIBAL COUNCIL$626,249$0CBG DRAWDOWN, COMMUNITY LIASON, ARTIC TERN
NATIVE VILLAGE OF PORT HEIDEN
PO BOX 49007PORT HEIDENAK99549920059922TRIBAL COUNCIL$144,900$0CBG DRAWDOWN, COMMUNITY LIASON, ARTIC TERN
PILOT POINT TRIBAL COUNCIL
PO BOX 449PILOT POINTAK99649990143318TRIBAL COUNCIL$1,156,498$0CBG DRAWDOWN, COMMUNITY LIASON
PORTAGE CREEK VILLAGE COUNCIL
1762 ABBOTT ROADANCHORAGEAK99507920070857TRIBAL COUNCIL$6,000$0ARTIC TERN
SAFE & FEAR-FREE ENVIRONMENT INC
PO BOX 94DILLINGHAMAK99576920088380501 (C) (3)$12,697$0SEASONAL EMPLOYMENT, YOUTH PROGRAM
SOUTHWEST ALASKA VOC ED CENTER
PO BOX 615KING SALMOMAK99613920174741501 (C) (3)$140,002$0VOCATIONAL EDUCATION
TRADITIONAL COUNCIL OF TOGIAK
PO BOX 310TOGIAKAK99678920113885TRIBAL COUNCIL$198,534$0CBG DRAWDOWN, COMMUNITY LIASON
TWIN HILLS VILLAGE COUNCIL
PO BOX TWATWIN HILLSAK99576920062296TRIBAL COUNCIL$105,580$0CBG DRAWDOWN, COMMUNITY LIASON AND ARTIC TERN
UAF - BRISTOL BAY CAMPUS
PO BOX 1070DILLINGHAMAK99576926000147$43,863$0VOCATIONAL EDUCATION
UGASHIK TRADITIONAL VILLAGE
2525 BLUEBERRY ROADANCHORAGEAK99503920160597TRIBAL COUNCIL$724,745$0CBG DRAWDOWN, COMMUNITY LIASON, FIRST AID TRAINING, ARTIC TERN
UNITED TRIBES OF BRISTOL BAY
PO BOX 1252DILLINGHAMAK99576300785358TRIBAL COUNCIL$313,525$0CFBB PROGRAM, UTBB FINANCIAL ASSISTANCE, SUSTAINABILITY SUMMIT, SEASONAL EMPLOYMENT
UNIVERSITY OF ALASKA FOUNDATION
PO BOX 755080FAIRBANKSAK99775237394620501(C)(3)$57,500$0BRISTOL BAY CONTINUING EDUCATION FUND, BRISTOL BAY NURSING FUND
ALASKA WEST SUPPLY INC
PO BOX 1069DILLINGHAMAK99576920149719$12,101$0SEASONAL EMPLOYMENT
CHEN XUETAO
PO BOX 142NAKNEKAK99633881204968$5,294$0SEASONAL EMPLOYMENT
CHINOOK GIFTS LLC
PO BOX 315KING SALMONAK99613923014754$17,262$0SEASONAL EMPLOYMENT
GOING THE DISTANCE LLC
PO BOX 1428DILLINGHAMAK99576471112363$9,131$0YOUTH INTERN
BRISTOL BAY SCIENCE AND RESEARCH INSTITUTE
PO BOX 1464DILLINGHAMAK99576920168036501(C)(3)$1,000,000$0PROGRAM SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org31Total501c3OrgCnt
Total Other Org5TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (17 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
PERMIT LOAN PROGRAM124$297,000
VESSEL ACQUISITION PROGRAM35$440,706
VESSEL UPGRADE56$1,008,252
EMERGENCY TRANSFER19$97,500
TAX ASSISTANCE844$126,600
PRE SEASON ADVANCE31$151,806
VOCATIONAL /TECH TRAINING34$119,275
INTREST RATE ASSISTANCE18$41,107
RSW PURHASE PROGRAM2$44,000
RSW FLEET SUPPORT19$14,223
PERSONAL FINANCE36$15,710
STUDENT LOAN FORGIVENESS1$6,571
COLLEGE DEVELOPMENT FUND37$41,704
PERMIT LOAN AND VAP TECH ASSISTANCE61$340,011
TARPS2$2,462BOOKTARPS
TOTES FOR ICE FISHING4$7,074BOOKTOTES FOR ICE FISHING
SLUSH BAGS FOR ICING FISH2$1,195BOOKSLUSH BAGS FOR ICING FISH

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationBBEDC 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

FieldValueIRS element (for citing)
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MICHAEL LINK
EXECUTIVE DIRECTOR$268,172$0$500$0$0$0$11,250$0$50,128$0$330,050$0$0$0
STACI FIESER
CFO$171,972$0$500$0$0$0$7,500$0$49,209$0$229,181$0$0$0
CHRISTOPHER NAPOLI
CAO$149,057$0$500$0$0$0$11,250$0$19,262$0$180,069$0$0$0
CLIFFORD TUBBS
FINANCE OFFICER$154,352$0$500$0$0$0$6,000$0$18,050$0$178,902$0$0$0
ALICE RUBY
PROGRAM DIRECTOR$123,964$0$500$0$0$0$9,297$0$17,791$0$151,552$0$0$0

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (11 entries)

Relationship With OrgRelationshipWithOrgTxtCash GrantCashGrantAmtType Of AssistanceTypeOfAssistanceTxtAssistance PurposeAssistancePurposeTxt
LUKI ANDREW AKELKOK JR
BROTHER IN LAW TO A BOARD MEMBER$5,000GRANT2023 PRE SEASON ADVANCE
STEVEN ANGASAN
BROTHER AND NEPHEW TO 2 BOARD MEMBERS$1,000GRANT2023 RSW SUPPORT
STEVEN ANGASAN
BROTHER AND NEPHEW TO 2 BOARD MEMBERS$35,000GRANT2023 VESSEL UPGRADE GRANT
ELIZABETH CHIKLAK
SISTER IN LAW TO A BOARD MEMBER$5,000GRANT2023 PRE SEASON ADVANCE
TRISTON CHANEY
NEPHEW AND GRANDSON TO 2 BOARD MEMEBRS$1,000GRANT2023 RSW SUPPORT
ROBERT HEYANO
BOARD MEMBER$1,000GRANT2023 RSW SUPPORT
FANNIE LOGUSAK
HALF SISTER TO BOARD MMEBER$12,655GRANT2023 VESSEL UPGRADE GRANT
RONDA MOORE
GRANDDAUGHTER TO BOARD MEMBER$17,500GRANT2023 VESSEL UPGRADE GRANT
ALEXANDER TAKKEKPALEK
BOARD MEMBER$11,000GRANT2023 VESSEL UPGRADE GRANT
BRENT WETTER
BROTHER IN LAW TO A BOARD MEMBER$17,500GRANT2024 VESSEL UPGRADE GRANT
GUSTY WASSILY
SON OF A BOARD MEMBER$68,500GRANT2025 VESSEL UPGRADE GRANT

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2PETER ANGASAN, SR. AND FRED ANGASAN, SR. HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION B, LINE 11BPRIOR TO FILING THE RETURN, A DRAFT OF THE FORM 990 TAX RETURN WILL BE SUBMITTED TO THE CHIEF FINANCIAL OFFICER (CFO) BY THE TAX PREPARER. THIS DRAFT WILL BE REVIEWED BY THE CFO AND STAFF. THE CFO WILL THEN HAVE THE PRESIDENT/CEO REVIEW THE DRAFT RETURN BEFORE AUTHORIZING THE TAX PREPARER TO FINALIZE THE RETURN. A COPY OF THE RETURN WILL BE PROVIDED TO THE BOARD MEMBERS UPON REQUEST.
FORM 990, PART VI, SECTION B, LINE 12CIN ANY SITUATION WHERE THERE IS A CONFLICT OR THE APPEARANCE OF CONFLICT, OR WHERE A BOARD MEMBER IS UNCERTAIN OF THE POSSIBILITY OF A CONFLICT, THE BOARD MEMBER OR EMPLOYEE SHOULD PROTECT HIMSELF/HERSELF BY IMMEDIATELY DISCUSSING THE MATTER FULLY AND FRANKLY WITH THE CHAIRMAN OR, IF THE MATTER ARISES DURING A BOARD MEETING, BY DISCLOSING THE MATTER TO THE FULL BOARD OF DIRECTORS. THE CHAIRMAN OR ANY OTHER BOARD MEMBER ARE ALSO ENCOURAGED TO RAISE ANY ISSUE KNOWN TO THEM TO ENSURE THAT ANY POTENTIAL CONFLICT IS KNOWN TO THE CORPORATION AND ITS BOARD IN A TIMELY MANNER. WHERE THERE IS DOUBT AS TO THE EXISTENCE OF A CONFLICT OF INTEREST, THE SITUATION SHOULD BE FULLY EXPLAINED IN WRITING IN ADVANCE OF ANY BOARD MEETING. IF NECESSARY, THE CHAIRMAN WILL APPOINT A THREE-MEMBER AD HOC COMMITTEE OF MEMBERS OF THE BOARD OF DIRECTORS TO MAKE A RECOMMENDATION TO THE BOARD OF DIRECTORS ON THE MATTER AT THE NEXT BOARD MEETING. THE COMMITTEE WILL DISCUSS THE MATTER WITH THE CORPORATION'S GENERAL COUNSEL. THE DECISION OF THE BOARD OF DIRECTORS IS BINDING. BOARD MEMBERS ARE REQUIRED TO DECLARE A CONFLICT OF INTEREST ON EACH AND EVERY VOTE THEY TAKE IF ONE EXISTS.
FORM 990, PART VI, SECTION B, LINE 15THE BOARD SETS THE BEGINNING SALARY RANGE FOR THE POSITION OF THE PRESIDENT/CEO BASED ON A LOCAL SALARY SURVEY. THE LAST SALARY SURVEY WAS PERFORMED IN 2019. THIS SALARY RANGE IS ADJUSTED PERIODICALLY AS LOCAL SALARIES IN THE REGION CHANGE. EACH YEAR THE BOARD GOES INTO EXECUTIVE SESSION TO EVALUATE THE PRESIDENT/CEO'S PERFORMANCE OVER THE PAST YEAR AND THE CONTRACT RENEWAL AND COMPENSATION, IF TIME TO RENEW. THE CURRENT PRESIDENT/CEO CONTRACT IS FOR A 3 YEAR TERM. IN ADDITION, THE BOARD TAKES INTO CONSIDERATION ITS POLICY OF UP TO A 4% MERIT INCREASE EACH YEAR. AT THE CONCLUSION OF THE PRESIDENT/CEO'S EVALUATION, THE PRESIDENT/CEO IS REQUIRED TO LEAVE THE ROOM SO THAT THE REMAINING BOARD MAY HAVE CONFIDENTIAL DISCUSSIONS. MOTION IS MADE TO COME OUT OF EXECUTIVE SESSION AND THE BOARD'S DECISION OF THE CONTRACT AND COMPENSATION IS PRESENTED AND DOCUMENTED IN THE MINUTES. FORM 990, PART VI, LINE 15B - COMPENSATION REVIEW & APPROVAL PROCESS - OFFICERS & KEY EMPLOYEES ANNUALLY, THE BOARD APPROVES THE BUDGET WHICH CONTAINS THE SALARY INFORMATION OF EMPLOYEES. THE BOARD SETS THE BEGINNING SALARY RANGE FOR THE POSITIONS AT BBEDC BASED ON A LOCAL SALARY SURVEY. THE LAST SALARY SURVEY WAS PERFORMED IN 2019. THIS SALARY RANGE IS ADJUSTED PERIODICALLY AS LOCAL SALARIES IN THE REGION CHANGE. ANNUALLY ON THE EMPLOYEE'S ANNIVERSARY DATE, THE IMMEDIATE SUPERVISOR PERFORMS AN EVALUATION. IN ADDITION, THE SUPERVISOR TAKES INTO CONSIDERATION THE BOARD'S POLICY OF UP TO A 4% MERIT INCREASE EACH YEAR. THE SUPERVISOR MAKES ITS RECOMMENDATION ON THE COMPENSATION FOR THE NEXT YEAR, WHICH IS APPROVED BY THE CAO/CEO, WITH THE PRESIDENT/CEO HAVING FINAL APPROVAL FOR ALL EMPLOYEES. IN ADDITION, FORMAL CONTRACTS ARE REQUIRED ANNUALLY FOR THE FOLLOWING POSITIONS: CHIEF ADMINISTRATIVE OFFICER, CHIEF FINANCIAL OFFICER, SEAFOOD INVESTMENT OFFICER, AND QUOTA MANAGER.
FORM 990, PART VI, SECTION C, LINE 18BBEDC'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING US AT 1-907-842-4370 OR WRITING TO US AT PO BOX 1464, DILLINGHAM, AK 99576-1464.
FORM 990, PART VI, SECTION C, LINE 19BBEDC'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 268,003.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
BRISTOL BAY ICE LLC
PO BOX 1464DILLINGHAMAK995761464204176963COMMERCIAL FISHINGAK$20,449$144,818BBEDC
ALEUTIAN MARINER VESSEL LLC
PO BOX 1464DILLINGHAMAK995761464862441869COMMERCIAL FISHINGAK$121,524$1,421,548BBEDC
BRISTOL MARINER VESSEL LLC
PO BOX 1464DILLINGHAMAK995761464862462751COMMERCIAL FISHINGAK$132,141$1,543,292BBEDC
NORDIC MARINER VESSEL LLC
PO BOX 1464DILLINGHAMAK995761464862496483COMMERCIAL FISHINGAK$138,325$1,551,321BBEDC
PAC MARINER VESSEL LLC
PO BOX 1464DILLINGHAMAK995761464862526071COMMERCIAL FISHINGAK$743$41,213BBEDC
OBS FISHMEAL LLC
PO BOX 1464DILLINGHAMAK995761464814555564FISHMEAL PLANTAK$3,364,252$30,520,216BBEDC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
BRISTOL BAY SCIENCE & RESEARCH INSTITUTE
PO BOX 1464DILLINGHAMAK995761464920168036SCIENCE/ EDUCATIONALAK501(C)(3)LINE 7BBEDCYes (1)
HARVEY SAMUELSON SCHOLARSHIP TRUST
PO BOX 1464DILLINGHAMAK995761464300065137SCHOLARSHIPSAK501(C)(3)PFBBEDCYes (1)

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (16 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdPredominant Income TypePredominantIncomeTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerIndOwnershipOwnershipPctUBI Code VUBICodeVAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
ALASKAN LEADER FISHERIES LLC
8874 BENDER RDLYNDENWA98264611503131COMMERCIAL FISHINGAKN/ARELATED-$153,335$7,608,416Yes (1)00.50000
ALASKAN LEADER SEAFOODS LLC
8874 BENDER RDLYNDENWA98264205851344FISH MARKETINGAKN/ARELATED-$430,251$6,215,235000.50000-$234,214
ALASKAN LEADER VESSEL LLC
8874 BENDER RDLYNDENWA98264920142904COMMERCIAL FISHINGAKN/ARELATED-$250,146$2,138,575Yes (1)00.50000
BERING LEADER FISHERIES LLC
8877 BENDER RDLYNDENWA98267432055793COMMERCIAL FISHINGAKN/ARELATED-$578,720-$1,727,615Yes (1)00.50000
BRISTOL LEADER FISHERIES LLC
8878 BENDER RDLYNDENWA98268911780779COMMERCIAL FISHINGAKN/ARELATED-$301,788$5,289,805Yes (1)00.50000
KODIAK LEADER FISHERIES LLC
8879 BENDER RDLYNDENWA98269272387715COMMERCIAL FISHINGAKN/ARELATED-$849,738$4,867,662000.50000
NORTHERN LEADER FISHERIES LLC
8880 BENDER RDLYNDENWA98270454219695COMMERCIAL FISHINGAKN/ARELATED-$325,211$2,913,435Yes (1)00.50000
DONA MARTITA LLC
20308 DAYTON AVENUESHORELINEWA98133912089115COMMERCIAL FISHINGWAN/ARELATED$3,846,791$4,888,348Yes (1)00.50000-$115,424
OCEAN BEAUTY SEAFOODS LLC
PO BOX 70739SEATTLEWA98127208899430SEAFOOD PROCESSINGAKN/ARELATED-$9,662,594$179,207,905000.50000-$9,886,569
ALASKAN MARINER LLC
PO BOX 1464DILLINGHAMAK99576200499337COMMERCIAL FISHINGWARELATED$510$170,466Yes (1)00.72520BBEDC
ALEUTIAN MARINER LLC
PO BOX 1464DILLINGHAMWA99576911424870COMMERCIAL FISHINGWARELATED-$13,354$49,693Yes (1)00.77330BBEDC
BRISTOL MARINER LLC
PO BOX 1464DILLINGHAMWA99576911812263COMMERCIAL FISHINGAKRELATED$18,488$32,274000.76160BBEDC
NORDIC MARINER LLC
PO BOX 1464DILLINGHAMAK99576911837754COMMERCIAL FISHINGWARELATED-$11,331$135,182Yes (1)00.72810BBEDC
PAC MARINER LLC
PO BOX 1464DILLINGHAMAK99576911424629COMMERCIAL FISHINGWARELATED$1,664$76,452Yes (1)00.75970BBEDC
SAYAK PARTNERS LLC
1200 FIFTH AVENUE 1500SEATTLEWA98101850578624COMMERCIAL FISHINGWARELATED-$2,775,187$22,783,407Yes (1)00.53310BBEDC
KODIAK FISHMEAL COMPANY
2353 130TH AVE NE SUITE 130BELLEVUEWA98005911491976SEAFOOD PROCESSINGWARELATED$3,587,357$1,978,479Yes (1)00.24690$2,271,334BBEDC
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1BRISTOL BAY SCIENCE AND RESEARCH INSTITUTEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeBTransactionTypeTxt
Involved$1,000,000InvolvedAmt
Method Of Amount DeterminationFMVMethodOfAmountDeterminationTxt

Unrelated Org Txbl Partnership UnrelatedOrgTxblPartnershipGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ARCTIC STORM HOLDINGSBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12727 ALASKAN WAYAddressLine1Txt
CitySEATTLECityNm
State AbbreviationAKStateAbbreviationCd
ZIP98121ZIPCd
FieldValueIRS element (for citing)
EIN911551320EIN
Primary ActivitiesCOMMERCIAL FISHINGPrimaryActivitiesTxt
Legal Domicile StateWALegalDomicileStateCd
Predominate IncomeRELATEDPredominateIncomeDesc
All Partners C3 S0AllPartnersC3SInd
Share Of EOY Assets-$24,828,573ShareOfEOYAssetsAmt
Disproportionate AllocationsYes (1)DisproportionateAllocationsInd
UBI Code V$6,259UBICodeVAmt
General Or Managing Partner0GeneralOrManagingPartnerInd
Ownership0.18300OwnershipPct