2025-01-15T13:38:11-06:00 2023-12-31 135565207 KPMG LLP 401 UNION STREET SUITE 2800 SEATTLE WA 98101 990 2023-01-01 920142567 BRISTOL BAY ECONOMIC DEVELOPMENT CORP BRIS 9078424370 PO BOX 1464 DILLINGHAM AK 99576 MICHAEL LINK EXECUTIVE DIRECTOR 9078424370 2025-01-15 1 0 DAVID M HIGHFILL P01517891 2069134000 2023 2024-10-15 13:58:12Z MICHAEL LINK PO BOX 1464 DILLINGHAM AK 99576 68085598 0 X WWW.BBEDC.COM X 1992 AK TO PROMOTE ECONOMIC GROWTH AND OPPORTUNITIES FOR RESIDENTS OF ITS MEMBER COMMUNITIES; SEE SCH O. THROUGH SUSTAINABLE USE OF THE BERING SEA RESOURCES. 20 11 35 0 -7958614 0 0 0 43517973 9988722 3395589 10006134 125377 25918 47038939 20020774 10276488 11370579 0 0 2566621 2627963 0 0 0 9549359 7653714 22392468 21652256 24646471 -1631482 384600359 394959006 2644380 3297554 381955979 391661452 X IT IS THE PURPOSE OF THE BRISTOL BAY ECONOMIC DEVELOPMENT CORPORATION TO PROMOTE ECONOMIC GROWTH AND OPPORTUNITIES FOR RESIDENTS OF ITS MEMBER COMMUNITIES THROUGH SUSTAINABLE USE OF THE BERING SEA RESOURCES. 0 0 2948391 0 22071797 FISHING 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. 8404272 8404272 0 COMMUNITY 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. 3027038 2222207 20448 REGIONAL 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. 3646698 744100 -4118991 COMMUNITY/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. 3646698 744100 -4118991 18026399 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 1 1 1 72 0 1 35 1 1 1 0 0 0 0 0 0 0 X 20 11 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 1 1 X X ELIZABETH PROUT 9078424370 411 FIRST AVENUE EAST PO BOX 1464 DILLINGHAM AK 99576 MICHAEL LINK EXECUTIVE DIRECTOR 0.00 40.00 X X 268672 0 61378 JOHN CHRISTENSEN BOARD MEMBER 0.90 0.00 X 500 0 0 LOUIE ALAKAYAK SR BOARD MEMBER 1.44 0.00 X 4000 0 0 HATTIE ALBECKER SECRETARY 6.12 0.72 X X 14917 0 0 FRED T ANGASAN SR BOARD MEMBER 1.98 0.00 X 7500 0 0 PETER ANGASAN SR BOARD MEMBER 1.98 0.00 X 5500 0 0 JIMMY COOPCHIAK BOARD MEMBER 0.90 0.72 X 9666 0 0 BETTY GARDINER BOARD MEMBER 1.62 0.90 X 6500 0 0 ROBERT HEYANO TREASURER 4.14 0.00 X X 11917 0 0 GUSTY ILUTSIK JR BOARD MEMBER 1.44 0.00 X 6250 0 0 MARYANN JOHNSON BOARD MEMBER 3.42 1.62 X 12500 0 0 RICHARD KING BOARD MEMBER 1.80 0.00 X 5000 0 0 GERDA KOSBRUK CHAIR BEG NOV 2023 6.48 1.62 X 18750 0 0 H ROBIN SAMUELSEN JR CHAIR THRU NOV 2023 13.50 0.72 X X 47083 0 0 VICTOR SEYBERT BOARD MEMBER 5.94 0.72 X 13750 0 0 FRITZ SHARP BOARD MEMBER 1.80 0.90 X 9750 0 0 ALEXANDER TALLEKPALEK BOARD MEMBER 1.80 0.00 X 6500 0 0 WILLIAM YOST BOARD MEMBER 0.36 0.00 X 1000 0 0 ERIN PETERS BOARD MEMBER 1.44 0.00 X 4000 0 0 TEODORO PAUK BOARD MEMBER 1.80 0.00 X 0 0 0 CLIFFORD TUBBS FINANCE OFFICER 40.00 0.00 X 154852 0 24050 CHRISTOPHER NAPOLI CAO 40.00 0.00 X 149557 0 30512 STACI FIESER CFO 40.00 0.00 X 172472 0 56709 ALICE RUBY PROGRAM DIRECTOR 40.00 0.00 X 124464 0 27088 1055100 0 199737 5 0 1 0 ZACHARY SCOTT & CO 1200 FIFTH AVE SEATTLE WA 98101 CONSULTING 835802 KPMG LLP DEPT 0922 PO BOX 120922 DALLAS TX 753120922 PROFESSIONAL SERVICES 622327 ADAMS AND REESE LLP 701 POYDRAS STREET STE 4500 NEW ORLEANS LA 70139 CONSULTING 102000 3 CDQ ROYALTIES 110000 14113183 22071797 -7958614 IFQ ROYALTIES 110000 647704 647704 FISHING RIGHTS REVENUE 110000 58846 58846 FISHING OPERATIONS 110000 58333 58333 EQUITY IN AFFIL EARNIN 110000 -4889344 -4889344 9988722 5495825 5495825 52313080 262053 48064824 0 4248256 262053 4510309 4510309 ICE SALES FROM BARGES 110000 20448 20448 MISCELLANEOUS 110000 5470 5470 25918 20020774 17973254 -7958614 10006134 8615383 8615383 2755196 2755196 184583 184583 1849564 658192 1191372 115256 30270 84986 285666 104435 181231 192894 89890 103004 162072 127808 34264 678088 678088 316446 316446 1347834 1136204 211630 14613 9381 5232 230260 93953 136307 21225 1845 19380 157013 157013 392369 101105 291264 1755 271 1484 531066 393087 137979 87991 140 87851 FISHING IMPAIRMENT LOSS 3166645 3166645 FUEL, GAS & OIL 348687 348687 UBI TAX EXPENSE 154071 146577 7494 MISCELLANEOUS 43579 -69116 112695 21652256 18026399 3625857 0 35072566 38987137 14756309 12991513 402413 18077913 126923 1644246 9323761 5914253 5008226 3409508 114550860 126174293 149820730 128732668 63579523 63579523 1282809 1362205 384600359 394959006 1465354 2641525 1179026 656029 2644380 3297554 X 381955979 391661452 381955979 391661452 384600359 394959006 X -1631482 11068952 268003 X 0 1 X 1 0 202399 202399 1771370 708107 1063263 477884 418730 59154 6872108 4787416 2084692 3409508 INVESTMENT IN UNCONSOLIDATED AFFILIATES 75942924 C INVESTMENT IN IFQS 31287548 C INVESTMENT IN FISHING RIGHTS 2289559 C INVESTMENT IN CONSOLIDATED AFFILIATES 19212637 F 128732668 ACCOUNTS PAYABLE TO AFFILIATE 656029 656029 X 31041283 11068952 268003 11336955 19704328 316446 316446 20020774 21335810 0 21335810 316446 316446 21652256 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. 1 ALEKNAGIK TRADITIONAL COUNCIL PO BOX 115 ALEKNAGIK AK 99555 942857786 TRIBAL COUNCIL 844148 0 CBG DRAWDOWN, YOUTH PROGRAM, COMMUNITY LIASON BRISTOL BAY BOROUGH PO BOX 169 NAKNEK AK 99633 920029587 STATE OF ALASKA 14246 0 SEASONAL EMPLOYMENT BRISTOL BAY HISTORICAL SOCIETY PO BOX 250 NAKNEK AK 99633 510174974 501 (C) (3) 24830 0 SEASONAL EMPLOYMENT BRISTOL BAY NATIVE ASSOCIATION PO BOX 310 DILLINGHAM AK 99576 920041473 501 (C) (3) 34200 0 YOUTH INTERNSHIP CITY OF ALEKNAGIK PO BOX 33 ALEKNAGIK AK 99555 920079021 CITY 28111 0 SEASONAL EMPLOYMENT CITY OF DILLINGHAM PO BOX 889 DILLINGHAM AK 99576 920030674 CITY 90504 0 HEAVY EQUIPMENT AND EMT TRAINING, SEASONAL EMPLOYMENT, YOUTH INTERNSHIP CITY OF EKWOK PO BOX 49 EKWOK AK 99580 920086143 CITY 18814 0 SEASONAL EMPLOYMENT CITY OF MANOKOTAK PO BOX 170 MANOKOTAK AK 99628 920037650 CITY 62200 0 ARTIC TERN AND COMMUNITY LIASON CLARKS POINT VILLAGE COUNCIL PO BOX 9 CLARKS POINT AK 99569 920073206 TRIBAL COUNCIL 866056 0 CBG DRAWDOWN,ARTIC TERN AND COMMUNITY LIASON CURYUNG TRIBAL COUNCIL PO BOX 216 DILLINGHAM AK 99576 920699002 TRIBAL COUNCIL 679363 0 CBG DRAWDOWN,ARTIC TERN AND COMMUNITY LIASON DILLINGHAM CITY SCHOOL DISTRICT PO BOX 170 DILLINGHAM AK 99576 920031132 STATE OF ALASKA 9492 0 YOUTH PROGRAM EGEGIK VILLAGE COUNCIL PO BOX 19 EGEGIK AK 99579 920063332 TRIBAL COUNCIL 58700 0 COMMUNITY LIASON EKUK VILLAGE COUNCIL PO BOX 530 DILLINGHAM AK 99576 920163114 TRIBAL COUNCIL 265801 0 CBG DRAWDOWN,ARTIC TERN AND COMMUNITY LIASON EKWOK NATIVES LIMITED PO BOX 29 EKWOK AK 99580 920049722 501(C)(3) 15978 0 YOUTH PROGRAM EKWOK VILLAGE COUNCIL PO BOX 70 EKWOK AK 99580 943057295 TRIBAL COUNCIL 523025 0 CBG DRAWDOWN,ARTIC TERN, COMMUNITY LIASON, SEASONAL EMPLOYMENT LAKE & PENINSULA SCHOOL DISTRICT PO BOX 498 KING SALMON AK 99613 920057379 STATE OF ALASKA 150000 0 COMNTINUING TECHICAL EDUCATION KING SALMON TRIBAL COUNCIL PO BOX 68 KING SALMON AK 99613 920177073 TRIBAL COUNCIL 287500 0 CBG DRAWDOWN, COMMUNITY LIASON LEVELOCK VILLAGE COUNCIL PO BOX 70 LEVELOCK AK 99625 920074206 TRIBAL COUNCIL 185450 0 CBG DRAWDOWN, COMMUNITY LIASON MANOKOTAK VILLAGE COUNCIL PO BOX 169 MANOKOTAK AK 99628 920124434 TRIBAL COUNCIL 410729 0 SEASONAL EMPLOYMENT NAKNEK VILLAGE COUNCIL PO BOX 106 NAKNEK AK 99633 920058661 TRIBAL COUNCIL 626249 0 CBG DRAWDOWN, COMMUNITY LIASON, ARTIC TERN NATIVE VILLAGE OF PORT HEIDEN PO BOX 49007 PORT HEIDEN AK 99549 920059922 TRIBAL COUNCIL 144900 0 CBG DRAWDOWN, COMMUNITY LIASON, ARTIC TERN PILOT POINT TRIBAL COUNCIL PO BOX 449 PILOT POINT AK 99649 990143318 TRIBAL COUNCIL 1156498 0 CBG DRAWDOWN, COMMUNITY LIASON PORTAGE CREEK VILLAGE COUNCIL 1762 ABBOTT ROAD ANCHORAGE AK 99507 920070857 TRIBAL COUNCIL 6000 0 ARTIC TERN SAFE & FEAR-FREE ENVIRONMENT INC PO BOX 94 DILLINGHAM AK 99576 920088380 501 (C) (3) 12697 0 SEASONAL EMPLOYMENT, YOUTH PROGRAM SOUTHWEST ALASKA VOC ED CENTER PO BOX 615 KING SALMOM AK 99613 920174741 501 (C) (3) 140002 0 VOCATIONAL EDUCATION TRADITIONAL COUNCIL OF TOGIAK PO BOX 310 TOGIAK AK 99678 920113885 TRIBAL COUNCIL 198534 0 CBG DRAWDOWN, COMMUNITY LIASON TWIN HILLS VILLAGE COUNCIL PO BOX TWA TWIN HILLS AK 99576 920062296 TRIBAL COUNCIL 105580 0 CBG DRAWDOWN, COMMUNITY LIASON AND ARTIC TERN UAF - BRISTOL BAY CAMPUS PO BOX 1070 DILLINGHAM AK 99576 926000147 43863 0 VOCATIONAL EDUCATION UGASHIK TRADITIONAL VILLAGE 2525 BLUEBERRY ROAD ANCHORAGE AK 99503 920160597 TRIBAL COUNCIL 724745 0 CBG DRAWDOWN, COMMUNITY LIASON, FIRST AID TRAINING, ARTIC TERN UNITED TRIBES OF BRISTOL BAY PO BOX 1252 DILLINGHAM AK 99576 300785358 TRIBAL COUNCIL 313525 0 CFBB PROGRAM, UTBB FINANCIAL ASSISTANCE, SUSTAINABILITY SUMMIT, SEASONAL EMPLOYMENT UNIVERSITY OF ALASKA FOUNDATION PO BOX 755080 FAIRBANKS AK 99775 237394620 501(C)(3) 57500 0 BRISTOL BAY CONTINUING EDUCATION FUND, BRISTOL BAY NURSING FUND ALASKA WEST SUPPLY INC PO BOX 1069 DILLINGHAM AK 99576 920149719 12101 0 SEASONAL EMPLOYMENT CHEN XUETAO PO BOX 142 NAKNEK AK 99633 881204968 5294 0 SEASONAL EMPLOYMENT CHINOOK GIFTS LLC PO BOX 315 KING SALMON AK 99613 923014754 17262 0 SEASONAL EMPLOYMENT GOING THE DISTANCE LLC PO BOX 1428 DILLINGHAM AK 99576 471112363 9131 0 YOUTH INTERN BRISTOL BAY SCIENCE AND RESEARCH INSTITUTE PO BOX 1464 DILLINGHAM AK 99576 920168036 501(C)(3) 1000000 0 PROGRAM SUPPORT 31 5 PERMIT LOAN PROGRAM 124 297000 VESSEL ACQUISITION PROGRAM 35 440706 VESSEL UPGRADE 56 1008252 EMERGENCY TRANSFER 19 97500 TAX ASSISTANCE 844 126600 PRE SEASON ADVANCE 31 151806 VOCATIONAL /TECH TRAINING 34 119275 INTREST RATE ASSISTANCE 18 41107 RSW PURHASE PROGRAM 2 44000 RSW FLEET SUPPORT 19 14223 PERSONAL FINANCE 36 15710 STUDENT LOAN FORGIVENESS 1 6571 COLLEGE DEVELOPMENT FUND 37 41704 PERMIT LOAN AND VAP TECH ASSISTANCE 61 340011 TARPS 2 2462 BOOK TARPS TOTES FOR ICE FISHING 4 7074 BOOK TOTES FOR ICE FISHING SLUSH BAGS FOR ICING FISH 2 1195 BOOK SLUSH BAGS FOR ICING FISH PART I, LINE 2: BBEDC HAS MANY PROGRAMS AVAILABLE TO ITS CDQ MEMBER COMMUNITIES INCLUDING THOSE THAT PROVIDE GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS, ORGANIZATIONS, AND GOVERNMENTS. THESE PROGRAMS WERE DEVELOPED AND ARE ADMINISTERED CONSISTENT WITH BBEDC'S TAX-EXEMPT PURPOSE. ALL PROGRAMS HAVE SPECIFIC PROGRAM REQUIREMENTS AS WELL AS ESTABLISHED POLICIES AND PROCEDURES FOR ENSURING A GRANTEE'S ELIGIBILITY AND USE OF FUNDS WHICH ARE MONITORED BY BBEDC'S PROGRAM MANAGERS. X X X X 0 0 0 0 0 0 0 0 0 MICHAEL LINK EXECUTIVE DIRECTOR 268172 0 500 0 0 0 11250 0 50128 0 330050 0 0 0 STACI FIESER CFO 171972 0 500 0 0 0 7500 0 49209 0 229181 0 0 0 CHRISTOPHER NAPOLI CAO 149057 0 500 0 0 0 11250 0 19262 0 180069 0 0 0 CLIFFORD TUBBS FINANCE OFFICER 154352 0 500 0 0 0 6000 0 18050 0 178902 0 0 0 ALICE RUBY PROGRAM DIRECTOR 123964 0 500 0 0 0 9297 0 17791 0 151552 0 0 0 LUKI ANDREW AKELKOK JR BROTHER IN LAW TO A BOARD MEMBER 5000 GRANT 2023 PRE SEASON ADVANCE STEVEN ANGASAN BROTHER AND NEPHEW TO 2 BOARD MEMBERS 1000 GRANT 2023 RSW SUPPORT STEVEN ANGASAN BROTHER AND NEPHEW TO 2 BOARD MEMBERS 35000 GRANT 2023 VESSEL UPGRADE GRANT ELIZABETH CHIKLAK SISTER IN LAW TO A BOARD MEMBER 5000 GRANT 2023 PRE SEASON ADVANCE TRISTON CHANEY NEPHEW AND GRANDSON TO 2 BOARD MEMEBRS 1000 GRANT 2023 RSW SUPPORT ROBERT HEYANO BOARD MEMBER 1000 GRANT 2023 RSW SUPPORT FANNIE LOGUSAK HALF SISTER TO BOARD MMEBER 12655 GRANT 2023 VESSEL UPGRADE GRANT RONDA MOORE GRANDDAUGHTER TO BOARD MEMBER 17500 GRANT 2023 VESSEL UPGRADE GRANT ALEXANDER TAKKEKPALEK BOARD MEMBER 11000 GRANT 2023 VESSEL UPGRADE GRANT BRENT WETTER BROTHER IN LAW TO A BOARD MEMBER 17500 GRANT 2024 VESSEL UPGRADE GRANT GUSTY WASSILY SON OF A BOARD MEMBER 68500 GRANT 2025 VESSEL UPGRADE GRANT FORM 990, PART VI, SECTION A, LINE 2 PETER ANGASAN, SR. AND FRED ANGASAN, SR. HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE RETURN, A DRAFT OF THE FORM 990 TAX RETURN WILL BE SUBMITTED TO THE CHIEF FINANCIAL OFFICER (CFO) BY THE TAX PREPARER. THIS DRAFT WILL BE REVIEWED BY THE CFO AND STAFF. THE CFO WILL THEN HAVE THE PRESIDENT/CEO REVIEW THE DRAFT RETURN BEFORE AUTHORIZING THE TAX PREPARER TO FINALIZE THE RETURN. A COPY OF THE RETURN WILL BE PROVIDED TO THE BOARD MEMBERS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C IN ANY SITUATION WHERE THERE IS A CONFLICT OR THE APPEARANCE OF 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 15 THE BOARD SETS THE BEGINNING SALARY RANGE FOR THE POSITION OF THE PRESIDENT/CEO BASED ON A LOCAL SALARY SURVEY. THE LAST SALARY SURVEY WAS PERFORMED IN 2019. THIS SALARY RANGE IS ADJUSTED PERIODICALLY AS LOCAL SALARIES IN THE REGION CHANGE. EACH YEAR THE BOARD GOES INTO EXECUTIVE SESSION TO EVALUATE THE PRESIDENT/CEO'S PERFORMANCE OVER THE PAST YEAR AND THE CONTRACT RENEWAL AND COMPENSATION, IF TIME TO RENEW. THE CURRENT PRESIDENT/CEO CONTRACT IS FOR A 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 18 BBEDC'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING US AT 1-907-842-4370 OR WRITING TO US AT PO BOX 1464, DILLINGHAM, AK 99576-1464. FORM 990, PART VI, SECTION C, LINE 19 BBEDC'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING US AT 1-907-842-4370 OR WRITING TO US AT PO BOX 1464, DILLINGHAM, AK 99576-1464. FORM 990, PART XI, LINE 9: EQUITY IN EARNINGS OF ENTITIES CONSOLIDATED FOR AFS 268,003. BRISTOL BAY ICE LLC PO BOX 1464 DILLINGHAM AK 995761464 204176963 COMMERCIAL FISHING AK 20449 144818 BBEDC ALEUTIAN MARINER VESSEL LLC PO BOX 1464 DILLINGHAM AK 995761464 862441869 COMMERCIAL FISHING AK 121524 1421548 BBEDC BRISTOL MARINER VESSEL LLC PO BOX 1464 DILLINGHAM AK 995761464 862462751 COMMERCIAL FISHING AK 132141 1543292 BBEDC NORDIC MARINER VESSEL LLC PO BOX 1464 DILLINGHAM AK 995761464 862496483 COMMERCIAL FISHING AK 138325 1551321 BBEDC PAC MARINER VESSEL LLC PO BOX 1464 DILLINGHAM AK 995761464 862526071 COMMERCIAL FISHING AK 743 41213 BBEDC OBS FISHMEAL LLC PO BOX 1464 DILLINGHAM AK 995761464 814555564 FISHMEAL PLANT AK 3364252 30520216 BBEDC BRISTOL BAY SCIENCE & RESEARCH INSTITUTE PO BOX 1464 DILLINGHAM AK 995761464 920168036 SCIENCE/ EDUCATIONAL AK 501(C)(3) LINE 7 BBEDC 1 HARVEY SAMUELSON SCHOLARSHIP TRUST PO BOX 1464 DILLINGHAM AK 995761464 300065137 SCHOLARSHIPS AK 501(C)(3) PF BBEDC 1 ALASKAN LEADER FISHERIES LLC 8874 BENDER RD LYNDEN WA 98264 611503131 COMMERCIAL FISHING AK N/A RELATED -153335 7608416 1 0 0.50000 ALASKAN LEADER SEAFOODS LLC 8874 BENDER RD LYNDEN WA 98264 205851344 FISH MARKETING AK N/A RELATED -430251 6215235 0 -234214 0 0.50000 ALASKAN LEADER VESSEL LLC 8874 BENDER RD LYNDEN WA 98264 920142904 COMMERCIAL FISHING AK N/A RELATED -250146 2138575 1 0 0.50000 BERING LEADER FISHERIES LLC 8877 BENDER RD LYNDEN WA 98267 432055793 COMMERCIAL FISHING AK N/A RELATED -578720 -1727615 1 0 0.50000 BRISTOL LEADER FISHERIES LLC 8878 BENDER RD LYNDEN WA 98268 911780779 COMMERCIAL FISHING AK N/A RELATED -301788 5289805 1 0 0.50000 KODIAK LEADER FISHERIES LLC 8879 BENDER RD LYNDEN WA 98269 272387715 COMMERCIAL FISHING AK N/A RELATED -849738 4867662 0 0 0.50000 NORTHERN LEADER FISHERIES LLC 8880 BENDER RD LYNDEN WA 98270 454219695 COMMERCIAL FISHING AK N/A RELATED -325211 2913435 1 0 0.50000 DONA MARTITA LLC 20308 DAYTON AVENUE SHORELINE WA 98133 912089115 COMMERCIAL FISHING WA N/A RELATED 3846791 4888348 1 -115424 0 0.50000 OCEAN BEAUTY SEAFOODS LLC PO BOX 70739 SEATTLE WA 98127 208899430 SEAFOOD PROCESSING AK N/A RELATED -9662594 179207905 0 -9886569 0 0.50000 ALASKAN MARINER LLC PO BOX 1464 DILLINGHAM AK 99576 200499337 COMMERCIAL FISHING WA BBEDC RELATED 510 170466 1 0 0.72520 ALEUTIAN MARINER LLC PO BOX 1464 DILLINGHAM WA 99576 911424870 COMMERCIAL FISHING WA BBEDC RELATED -13354 49693 1 0 0.77330 BRISTOL MARINER LLC PO BOX 1464 DILLINGHAM WA 99576 911812263 COMMERCIAL FISHING AK BBEDC RELATED 18488 32274 0 0 0.76160 NORDIC MARINER LLC PO BOX 1464 DILLINGHAM AK 99576 911837754 COMMERCIAL FISHING WA BBEDC RELATED -11331 135182 1 0 0.72810 PAC MARINER LLC PO BOX 1464 DILLINGHAM AK 99576 911424629 COMMERCIAL FISHING WA BBEDC RELATED 1664 76452 1 0 0.75970 SAYAK PARTNERS LLC 1200 FIFTH AVENUE 1500 SEATTLE WA 98101 850578624 COMMERCIAL FISHING WA BBEDC RELATED -2775187 22783407 1 0 0.53310 KODIAK FISHMEAL COMPANY 2353 130TH AVE NE SUITE 130 BELLEVUE WA 98005 911491976 SEAFOOD PROCESSING WA BBEDC RELATED 3587357 1978479 1 2271334 0 0.24690 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 BRISTOL BAY SCIENCE AND RESEARCH INSTITUTE B 1000000 FMV ARCTIC STORM HOLDINGS 2727 ALASKAN WAY SEATTLE AK 98121 911551320 COMMERCIAL FISHING WA RELATED 0 -24828573 1 6259 0 0.18300