Form990
Click to see attachment
Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2018
Open to Public Inspection
A For the 2019 calendar year, or tax year beginning 01-01-2018 , and ending 12-31-2018
BCheck if applicable:
CName of organization
BRISTOL BAY ECONOMIC DEVELOPMENT CORPORATION
 
% STACI FIESER
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
PO BOX 1464
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DILLINGHAM, AK99576
D Employer identification number

92-0142567
E Telephone number

G Gross receipts $ 131,275,364
F Name and address of principal officer:
NORMAN VAN VACTOR
PO BOX 1464
DILLINGHAM,AK99576
I
Tax-exempt status: ( 4 ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.BBEDC.COM
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:  
L Year of formation: 1992
M State of legal domicile: AK
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: TO PROMOTE ECONOMIC GROWTH AND OPPORTUNITIES FOR RESIDENTS OF ITS MEMBER COMMUNITIES THROUGH SUSTAINABLE USE OF THE BERING SEA RESOURCES.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 17
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 11
5 Total number of individuals employed in calendar year 2018 (Part V, line 2a) ...... 5 45
6 Total number of volunteers (estimate if necessary) ............. 6 0
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 663,406
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b 0
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 8,000 0
9 Program service revenue (Part VIII, line 2g) ......... 24,731,120 27,344,187
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 4,062,692 6,771,887
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 677,873 138,617
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 29,479,685 34,254,691
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 12,622,307 13,056,937
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 2,683,538 2,459,982
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 6,094,472 2,898,358
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 21,400,317 18,415,277
19 Revenue less expenses. Subtract line 18 from line 12....... 8,079,368 15,839,414
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 269,695,811 271,270,761
21 Total liabilities (Part X, line 26)............. 19,348,520 18,434,546
22 Net assets or fund balances. Subtract line 21 from line 20..... 250,347,291 252,836,215
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet

Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2018)
Form 990 (2018)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III..............
1
Briefly describe the organization’s mission: 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.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 7,879,053 including grants of $ 7,860,665 ) (Revenue $   )
COMMUNITY AND BUSINESS DEVELOPMENT - THE COMMUNITY BLOCK GRANT (CBG) PROGRAM PROVIDES BBEDC'S CDQ COMMUNITIES WITH THE OPPORTUNITY TO FUND PROJECTS THAT PROMOTE SUSTAINABLE COMMUNITY AND REGIONAL ECONOMIC DEVELOPMENT. THE FUNDING PER COMMUNITY WAS $500,000 FOR 2018 (SAME AS 2017). $7,733,387 WAS REQUESTED AND AWARDED TO CDQ COMMUNITIES. THE INFRASTRUCTURE GRANT FUND (IGF) PROGRAM PROVIDES BBEDC COMMUNITIES WITH A SOURCE OF FUNDS FOR BROAD PUBLIC INFRASTRUCTURE AS WELL AS BUSINESS INFRASTRUCTURE DEVELOPMENT. TRIBAL AND/OR CITY GOVERNMENTS ARE ELIGIBLE TO APPLY FOR UP TO $2,000,000. NO COMMUNITIES WERE AWARDED THE GRANT IN 2018 (SAME AS 2017). THE ARCTIC TERN PROGRAM PROVIDES FUNDING FOR COMMUNITIES TO SUPPORT EMPLOYMENT AND EDUCATIONAL ACTIVITIES FOR RESIDENT YOUTH UNDER THE AGE OF 17. IN 2018, $58,275 WAS AWARDED (DOWN FROM $75,950 IN 2017). THE INTEREST RATE ASSISTANCE PROGRAM PROVIDED $40,604 IN INTEREST RATE ASSISTANCE TO 21 RESIDENTS (DOWN FROM 25 RESIDENTS AND $44,252 IN 2017). GRANT WRITING ASSISTANCE OF $24,913 AND TECHNICAL ASSISTANCE OF $3,486 WAS PROVIDED TO COMMUNITIES IN 2018.
4b (Code:   ) (Expenses $ 2,485,689 including grants of $ 1,517,027 ) (Revenue $ 99,500 )
REGIONAL FISHERIES DEVELOPMENT - RECOGNIZING THAT THE QUICKEST WAY TO INCREASE THE VALUE OF BRISTOL BAY SALMON WAS THROUGH CHILLING, BBEDC EMBARKED ON AN AMBITIOUS PROGRAM TO PROVIDE ICE TO THE REGION'S FISHERMEN. IN 2018, BBEDC'S VESSEL UPGRADE PROGRAM ASSISTED 68 FISHERMEN WITH VESSEL UPGRADES FOR A TOTAL OF $1,052,803 AND 1 FISHERMAN WITH AN IN-SEASON EMERGENCY PROVISION GRANT OF $10,556 (UP FROM 57 FISHERMEN AND $697,596 IN 2017). BBEDC CONTINUED WITH ITS QUALITY IMPROVEMENTS PROGRAM BY PURCHASING 38 TOTES FOR 15 FISHERMEN (UP FROM 15 TOTES FOR 8 FISHERMEN IN 2017), 38 SLUSH BAGS FOR 13 FISHERMEN (UP FROM 30 SLUSH BAGS FOR 11 FISHERMEN IN 2017), PROVIDING FLEX FOAM INSULATION TO 9 FISHERMEN (UP FROM 6 FISHERMEN IN 2017), AND PURCHASING PADDED DECK MATS FOR 9 FISHERMEN (DOWN FROM 19 FISHERMEN IN 2017). RSW FLEET SUPPORT OFFERED GRANTS UP TO $1,000 FOR FISHERMEN THAT HAD RSW SYSTEMS ON BOARD THEIR VESSELS. 17 FISHERMEN WERE AWARDED A TOTAL OF $11,962 (DOWN FROM 20 FISHERMEN AND $14,039 IN 2017). 10 FISHERMEN WERE AWARDED WITH RSW SYSTEMS TOTALING $219,512 (DOWN FROM 14 FISHERMEN AND $269,828 IN 2017). PRE-SEASON ADVANCE LOANS WERE AWARDED TO 43 INDIVIDUALS IN 2018 (UP FROM 36 IN 2017). IN ADDITION, TWO ICE BARGES DELIVERED 1,619,030 POUNDS OF ICE (DOWN FROM 1,891,920 POUNDS IN 2017) AND $149,120 WAS AWARDED TO FUND FISHERIES HABITAT PROTECTION (UP FROM $50,000 IN 2017).
4c (Code:   ) (Expenses $ 1,633,858 including grants of $ 1,227,505 ) (Revenue $ 38,488 )
EDUCATION, EMPLOYMENT, AND TRAINING - THIS PROGRAM OFFERS OPPORTUNITIES TO BBEDC'S CDQ RESIDENTS BY HELPING THEM DEVELOP THEIR SKILLS AND IMPROVE THE ECONOMIC CONDITIONS OF THE REGION. BBEDC'S EDUCATION PROGRAMS CONTINUED PROVIDING RESIDENTS WITH SKILLED LEARNING OPPORTUNITIES. THE COLLEGE DEVELOPMENT FUND PROVIDED BENEFITS TO 85 RESIDENTS WITH FUNDS OF $113,813 (DOWN FROM $137,182 AND 105 RESIDENTS IN 2017). IN 2018, BBEDC'S VOCATIONAL/TECHNICAL PROGRAM ASSISTED 97 RESIDENTS WITH FUNDS OF $227,952 (DOWN FROM 103 RESIDENTS AND $300,928 IN 2016). BBEDC'S COMMUNITY AND GROUP TRAININGS PROVIDED $334,169 WORTH OF ASSISTANCE (DOWN FROM OVER $363,933 IN 2017). BBEDC CONTINUED ITS FINANCIAL SUPPORT TO THE UAF-BRISTOL BAY CAMPUS FOR ITS ADULT BASIC EDUCATION/GED COURSE SPONSORSHIP IN THE AMOUNT OF $40,000 (SAME IN 2017) AS WELL AS PROVIDED A $10,000 CONTRIBUTION TO THEIR NURSING PROGRAM. THE STUDENT LOAN FORGIVENESS PROGRAM PROVIDED 7 RESIDENTS WITH FUNDS TOTALING $20,614 (DOWN FROM $49,070 FOR 8 RESIDENTS IN 2017). BBEDC'S INTERNSHIP PROGRAMS CONTINUED WITH 7 RESIDENTS BENEFITING FROM THE IN-REGION INTERSHIPS (DOWN FROM 13 IN 2017), AND 20 YOUTH BENEFITING FROM YOUTH INTERNSHIPS (SAME AS 2017). THE NON-REGION BASED INTERNSHIP PROGRAM WAS PLACED ON HOLD IN 2018. BBEDC'S EMPLOYMENT OPPORTUNITIES CONTINUED PROVIDING SEASONAL EMPLOYMENT TO 38 RESIDENTS (UP FROM 34 IN 2017) AND PROVIDED 5 RESIDENTS WITH PRE-EMPLOYMENT SCREENING AND TRAVEL COSTS OF $2,472 FOR AT-SEA EMPLOYMENT (DOWN FROM 6 RESIDENTS AND $5,336 IN 2017). IN 2018, BBEDC ALSO PROVIDED FUNDING IN THE AMOUNT OF $57,337 (DOWN FROM $67,233 IN 2017) FOR A FISHERIES INITIATIVE PROGRAM WITH A LOCAL SCHOOL DISTRICT.
(Code:   ) (Expenses $ 1,691,363 including grants of $ 750,000 ) (Revenue $ 11,892,998 )
INVESTMENT MANAGEMENT
(Code:   ) (Expenses $ 810,888 including grants of $ 786,785 ) (Revenue $   )
PERMIT AND VESSEL LOAN PROGRAM
(Code:   ) (Expenses $ 787,113 including grants of $ 768,000 ) (Revenue $   )
COMMUNITY LIAISONS
(Code:   ) (Expenses $ 444,096 including grants of $ 136,955 ) (Revenue $   )
PERMIT BROKERAGE
(Code:   ) (Expenses $ 293,066 including grants of $   ) (Revenue $ 15,451,189 )
QUOTA MANAGEMENT
(Code:   ) (Expenses $ 10,000 including grants of $ 10,000 ) (Revenue $ 387 )
CONTRIBUTIONS & OTHER EXPENDITURES
4d Other program services (Describe in Schedule O.)
(Expenses $ 4,036,526 including grants of $ 2,451,740 ) (Revenue $ 27,344,574 )
4e Total program service expensesMediumBullet16,035,126
Form 990 (2018)
Form 990 (2018)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A.....................
1
 
No
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? ...
2
 
No
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II..............
4
 
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part III.................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment..................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part IIIClick to see attachment.............
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment..............
9
Yes
 
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part VClick to see attachment......
10
 
No
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment.......
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment.......
11c
Yes
 
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment.................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I(see instructions) ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
22
Yes
 
Form 990 (2018)
Form 990 (2018)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
 
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I............ Click to see attachment
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I...................Click to see attachment
25b
 
No
26
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II................Click to see attachment
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III......... Click to see attachment
27
Yes
 
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L,
Part IV........................Click to see attachment
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV.....................Click to see attachment
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV... Click to see attachment
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I.
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II...........
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I........Click to see attachment
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............
36
 
 
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
77
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
Form 990 (2018)
Form 990 (2018)
Page 5
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
45
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................
7a
 
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
 
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
 
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
 
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? .........................
8
 
 
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? If "Yes," see instructions and file Form 4720, Schedule N .....
15
 
No
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income?
If "Yes," complete Form 4720, Schedule O ................
16
 
No
Form 990 (2018)
Form 990 (2018)
Page 6
Part VI
Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
17
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
11
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
 
No
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
 
No
14
Did the organization have a written document retention and destruction policy? .........
14
 
No
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
18
Section 6104 requires an organization to make its Form 1023 (or 1024-A if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletSTACI FIESER411 FIRST AVENUE EAST   DILLINGHAM,AK995761464 (907) 842-4370
Form 990 (2018)
Form 990 (2018)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) H ROBIN SAMUELSEN JR......................................................................
CHAIRMAN OF THE BOARD
 2.5
.................
0.3 		X           32,084 3,416 0
(2) FRED T ANGASAN SR......................................................................
VICE CHAIRMAN OF THE BOARD
 1.5
.................
0.1 		X           16,750 1,250 0
(3) HATTIE ALBECKER......................................................................
SECRETARY OF THE BOARD
 1.7
.................
0.1 		X           22,000 1,000 0
(4) ROBERT HEYANO......................................................................
TREASURER OF THE BOARD
 1.7
.................
0.1 		X           21,500 1,000 0
(5) LOUIE ALAKAYAK SR......................................................................
BOARD MEMBER
 0.7
.................
0.0 		X           6,000 0 0
(6) MARGIE ALOYSIUS......................................................................
BOARD MEMBER
 0.7
.................
0.0 		X           5,500 0 0
(7) JUSTIN ALTO......................................................................
BOARD MEMBER
 0.5
.................
0.0 		X           3,000 0 0
(8) MARK ANGASAN......................................................................
BOARD MEMBER
 0.9
.................
0.0 		X           10,000 0 0
(9) BETTY GARDINER-WASSILY......................................................................
BOARD MEMBER
 0.7
.................
0.0 		X           7,500 0 0
(10) KENNETH JENSEN......................................................................
BOARD MEMBER
 0.7
.................
0.2 		X           4,750 3,750 0
(11) MARY ANN JOHNSON......................................................................
BOARD MEMBER
 0.9
.................
0.3 		X           8,250 4,750 0
(12) GERDA KOSBRUK......................................................................
BOARD MEMBER
 1.3
.................
0.3 		X           11,834 2,666 0
(13) VICTOR SEYBERT......................................................................
BOARD MEMBER
 1.6
.................
0.1 		X           17,250 1,250 0
(14) FRITZ SHARP......................................................................
BOARD MEMBER
 0.7
.................
0.2 		X           7,750 3,750 0
(15) JIMMY COOPCHIAK......................................................................
BOARD MEMBER
 0.9
.................
0.0 		X           9,000 0 0
(16) ALEXANDER TALLEKPALEK......................................................................
BOARD MEMBER
 0.7
.................
0.0 		X           7,500 0 0
(17) PAUL HANSEN SR......................................................................
BOARD MEMBER
 0.7
.................
0.2 		X           4,000 4,000 0
Form 990 (2018)
Form 990 (2018)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) NORMAN VAN VACTOR........................................................................
PRESIDENT/CEO
 40.0
.......................0.0 		    X       249,905 0 35,024
(19) HELEN SMEATON........................................................................
CHIEF OPERATING OFFICER
 40.0
.......................0.0 		    X       120,450 0 30,359
(20) STACI FIESER........................................................................
CHIEF FINANCIAL OFFICER
 40.0
.......................0.0 		    X       120,194 0 50,318
(21) CHRIS NAPOLI........................................................................
CHIEF ADMINISTRATIVE OFFICER
 40.0
.......................0.0 		    X       100,664 0 30,789
(22) PAUL PEYTON........................................................................
SEAFOOD INVESTMENT OFFICER
 40.0
.......................0.0 		    X       177,268 0 34,191
















1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)...........MediumBullet 963,149 26,832 180,681
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet8
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
ALASKA ABATEMENT CORPORATION,
520 W 58TH AVENUE SUITE J
ANCHORAGE,AK99518 		PROF SERVICES 247,827
KPMG LLP,
701 W 8TH AVENUE SUITE 600
ANCHORAGE,AK995013467 		AUDIT & TAX 207,615
ZACHARY SCOTT COMPANY,
1200 FIFTH AVENUE SUITE 1500
SEATTLE,WA98101 		PROF SERVICES 177,548
CATALYST MARINE ENGINEERING LLC,
PO BOX 825
SEWARD,AK99664 		PROF SERVICES 162,099
AMAK TOWING COMPANY INC,
PO BOX 7655
KETCHIKAN,AK99901 		TOWING SERVICES 160,885
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet6
Form 990 (2018)
Form 990 (2018)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and similar amounts not included above1f  
g Noncash contributions included in lines 1a - 1f:$  
h Total. Add lines 1a-1f.......MediumBullet 0
Program Service RevenueAmt Business Code
2a CDQ ROYALTIES 110000 15,451,189     15,451,189
b IFQ ROYALTIES 110000 1,952,743     1,952,743
c EQUITY IN EARNINGS OF UNCONSOLIDATED AFFILIATES 110000 9,530,274 9,199,174 331,100  
d EQUITY IN EARNINGS OF UNCONSOLIDATED AFFILIATES 310000 332,306   332,306  
e FISHING RIGHTS INVESTMENT INCOME 110000 77,675 77,675    
f All other program service revenue.        
g Total. Add lines 2a–2f ....MediumBullet 27,344,187
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ......MediumBullet 2,475,745     2,475,745
4 Income from investment of tax-exempt bond proceedsMediumBullet 0      
5 Royalties...........MediumBullet 0      
(ii) Personal (i) Real
6a Gross rents    
b Less: rental expenses    
c Rental income or (loss) 0 0
d Net rental income or (loss)......MediumBullet 0      
(ii) Other (i) Securities
7a Gross amount from sales of assets other than inventory   101,316,815
b Less: cost or other basis and sales expenses   97,020,673
c Gain or (loss)   4,296,142
d Net gain or (loss).....MediumBullet 4,296,142     4,296,142
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
a 0
b Less: direct expenses ...b 0
c Net income or (loss) from fundraising events..MediumBullet 0    
9a Gross income from gaming activities.
See Part IV, line 19 ...
a 0
b Less: direct expenses ...b 0
c Net income or (loss) from gaming activities..MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances ..
a 0
b Less: cost of goods sold ..b 0
c Net income or (loss) from sales of inventory..MediumBullet 0      
Business Code Miscellaneous Revenue
11a BBEDC MATCHING FUNDS 110000 38,488 38,488    
b ICE SALES FROM BARGES 110000 98,475 98,475    
c PSA ADMINISTRATIVE FEES 110000 925 925    
d All other revenue .... 729 487   242
e Total. Add lines 11a–11d ...... MediumBullet 138,617
12 Total revenue. See Instructions......MediumBullet 34,254,691 9,415,224 663,406 24,176,061
Form 990 (2018)
Form 990 (2018)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 10,359,835 10,359,835
2 Grants and other assistance to domestic individuals. See Part IV, line 22 2,697,102 2,697,102
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, line 15 and 16. 0  
4 Benefits paid to or for members 0  
5 Compensation of current officers, directors, trustees, and key employees .... 963,149 228,519 734,630  
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 0      
7 Other salaries and wages 902,689 553,664 349,025  
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 61,835 22,851 38,984  
9 Other employee benefits ....... 407,812 181,270 226,542  
10 Payroll taxes ........... 124,497 57,371 67,126  
11 Fees for services (non-employees):        
a Management ...... 0      
b Legal ......... 89,201 53,832 35,369  
c Accounting ........... 170,193   170,193  
d Lobbying ........... 0      
e Professional fundraising services. See Part IV, line 17 0  
f Investment management fees ...... 284,429 284,429    
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 395,132 221,786 173,346  
12 Advertising and promotion .... 21,676 10,561 11,115  
13 Office expenses ....... 118,891 9,511 109,380  
14 Information technology ...... 31,017   31,017  
15 Royalties .. 0      
16 Occupancy ........... 99,928 39,047 60,881  
17 Travel ............ 285,879 123,889 161,990  
18 Payments of travel or entertainment expenses for any federal, state, or local public officials . 0      
19 Conferences, conventions, and meetings .... 6,823   6,823  
20 Interest ........... 0      
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization .. 173,209 87,183 86,026  
23 Insurance ... 140,120 76,315 63,805  
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a DUES AND SUBSCRIPTIONS 58,447 54,350 4,097  
b PROGRAM EXPENSES 965,744 965,744    
c UBI TAX EXPENSE 101,203   101,203  
d MISCELLANEOUS 23,332 4,244 19,088  
e All other expenses -66,866 3,623 -70,489  
25 Total functional expenses. Add lines 1 through 24e 18,415,277 16,035,126 2,380,151 0
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2018)
Form 990 (2018)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 0 1 0
2 Savings and temporary cash investments ......... 18,844,376 2 25,612,358
3 Pledges and grants receivable, net ...... 0 3 0
4 Accounts receivable, net ............. 6,168,630 4 7,413,377
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L .............
0 5 0
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L ..............
0 6 0
7 Notes and loans receivable, net .... 0 7 0
8 Inventories for sale or use ........ 0 8 0
9 Prepaid expenses and deferred charges ...... 1,259,399 9 155,996
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 5,920,918
b Less: accumulated depreciation 10b 4,248,413 1,775,184 10c 1,672,505
11 Investments—publicly traded securities . 89,523,556 11 83,631,650
12 Investments—other securities. See Part IV, line 11 ..... 0 12 0
13 Investments—program-related. See Part IV, line 11 .. 101,153,233 13 102,945,378
14 Intangible assets ............... 49,368,275 14 49,368,275
15 Other assets. See Part IV, line 11 ........... 1,603,158 15 471,222
16 Total assets. Add lines 1 through 15 (must equal line 34)... 269,695,811 16 271,270,761
Liabilities 17 Accounts payable and accrued expenses ..... 826,939 17 347,026
18 Grants payable ... 18,335,202 18 18,011,587
19 Deferred revenue ......... 0 19 0
20 Tax-exempt bond liabilities ......... 0 20 0
21 Escrow or custodial account liability. Complete Part IV of Schedule D 1,000 21 75,327
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.. 0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 0 23 0
24 Unsecured notes and loans payable to unrelated third parties .. 0 24 0
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D 185,379 25 606
26 Total liabilities. Add lines 17 through 25.. 19,348,520 26 18,434,546
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets 250,347,291 27 252,836,215
28 Temporarily restricted net assets ........... 0 28 0
29 Permanently restricted net assets 0 29 0
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund ...   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 250,347,291 33 252,836,215
34 Total liabilities and net assets/fund balances ........ 269,695,811 34 271,270,761
Form 990 (2018)
Form 990 (2018)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
34,254,691
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
18,415,277
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
15,839,414
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
250,347,291
5
Net unrealized gains (losses) on investments ...............
5
-12,326,867
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
-1,023,623
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
252,836,215
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII.............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
 
No
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
 
 
Form 990 (2018)
Form 990 (2018)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
SchDMd Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public Inspection
Name of the organization
BRISTOL BAY ECONOMIC DEVELOPMENT CORPORATION
 
Employer identification number

92-0142567
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2018

Schedule D (Form 990) 2018
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds. Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a)Current year (b)Prior year (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance ....          
b Contributions ...          
c Net investment earnings, gains, and losses          
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		         
f Administrative expenses ....          
g End of year balance ......          
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet  
c
Temporarily restricted endowment SchDMd Bullet  
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations .................
3a(i)
 
 
(ii) related organizations .................
3a(ii)
 
 
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .....   202,399 202,399
b Buildings ....   1,654,889 480,060 1,174,829
c Leasehold improvements        
d Equipment ....   438,157 315,792 122,365
e Other .....   3,625,473 3,452,561 172,912
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 1,672,505
Schedule D (Form 990) 2018

Schedule D (Form 990) 2018
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) Financial derivatives.........    
(2) Closely-held equity interests........    
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)INVESTMENT IN UNCONS AFFILIATE 60,821,264 C
(2)INVESTMENT IN IFQS 26,967,693 C
(3)INVESTMENT IN FISHING RIGHTS 2,650,000 C
(4)INVESTMENT IN CONS. AFFILIATES 12,506,421 F
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet 102,945,378
Part IX
Other Assets. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes 0
STATE INCOME TAXES 606
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 606
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2018

Schedule D (Form 990) 2018
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 20,619,772
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a -12,326,867
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d -1,308,052
e Add lines 2a through 2d ..................... 2e -13,634,919
3 Subtract line 2e from line 1.................. 3 34,254,691
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b.................... 4c  
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 34,254,691
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 18,130,848
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d.................... 2e  
3 Subtract line 2e from line 1................... 3 18,130,848
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a 284,429
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b..................... 4c 284,429
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 18,415,277
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
Part XI, Line 2D Equity in losses of consolidated affiliates of -1,023,623 Investment Expenses of -284,429
Part IV, Line 2B At 12/31/2018, BBEDC was in custody of $75,327 from a permit loan transaction to be used towards the purchase of a vessel that was finalized in 2019.
Schedule D (Form 990) 2018


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Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Name of the organization
BRISTOL BAY ECONOMIC DEVELOPMENT CORPORATION
 
Employer identification number
92-0142567
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
(if applicable)		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
noncash assistance		 (h) Purpose of grant
or assistance
(1) ALEKNAGIK TRADITIONAL COUNCIL
BOX 115
ALEKNAGIK,AK99555 		94-2857786 TRAD'L COUNCIL 568,332       ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS
(2) CITY OF DILLINGHAM
BOX 889
DILLINGHAM,AK99576 		92-0030674 CITY 68,339       SEASONAL EMPLOYMENT OPPORTUNITIES SEASONAL EMPLOYMENT; GROUP TRAININGS SEASONAL & YOUTH EMPLOYMENT; GROUP TRAIN
(3) CLARKS POINT VILLAGE COUNCIL
BOX 9
CLARKS POINT,AK99569 		92-0073206 VILLAGE COUNCIL 293,612       ECONOMIC DEVELOPMENT; SEASONAL EMPLOYMENT ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS
(4) CURYUNG TRIBAL COUNCIL
BOX 216
DILLINGHAM,AK99576 		92-0069902 TRIBAL COUNCIL 586,844       ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS
(5) EGEGIK VILLAGE COUNCIL
BOX 29
EGEGIK,AK99579 		92-0063332 VILLAGE COUNCIL 548,000       ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS
(6) EKWOK VILLAGE COUNCIL
BOX 70
EKWOK,AK99580 		94-3057295 VILLAGE COUNCIL 576,676       ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS
(7) EKUK VILLAGE COUNCIL
BOX 530
DILLINGHAM,AK99576 		92-0163114 VILLAGE COUNCIL 554,000       ECONOMIC DEVELOPMENT PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS
(8) KING SALMON GROUND LLC
BOX 214
KING SALMON,AK99613 		90-0421246   17,665       ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS SEASONAL EMPLOYMENT OPPORTUNITIES YOUTH EMPLOYMENT; INTERNSHIPS
(9) KING SALMON TRIBAL COUNCIL
BOX 68
KING SALMON,AK99613 		92-0177073 TRIBAL COUNCIL 48,000       SEASONAL EMPLOYMENT OPPORTUNITIES PROMOTION OF PROGRAMS PROMOTION OF PROGRAMS
(10) LEVELOCK VILLAGE COUNCIL
BOX 70
LEVELOCK,AK99625 		92-0074206 VILLAGE COUNCIL 580,080       ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS
(11) CITY OF MANOKOTAK
BOX 170
MANOKOTAK,AK99628 		92-0037650 CITY 6,769       ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; OPPS FOR YOUTH OPPS FOR YOUTH; GROUP TRAININGS
(12) MANOKOTAK VILLAGE COUNCIL
BOX 169
MANOKOTAK,AK99628 		92-0124434 VILLAGE COUNCIL 561,407       ECONOMIC DEVELOPMENT; OPPS FOR YOUTH ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS
(13) NAKNEK VILLAGE COUNCIL
BOX 106
NAKNEK,AK99633 		92-0058661 VILLAGE COUNCIL 572,612       ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS
(14) PILOT POINT VILLAGE COUNCIL
BOX 449
PILOT POINT,AK99649 		99-0143318 VILLAGE COUNCIL 548,446       SEASONAL EMPLOYMENT OPPORTUNITIES SEASONAL EMPLOYMENT OPPORTUNITIES ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS
(15) NATIVE VILLAGE OF PORT HEIDEN
BOX 49007
PORT HEIDEN,AK99549 		92-0059922 VILLAGE COUNCIL 581,506       ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS
(16) PORTAGE CREEK VILLAGE COUNCIL
1762 ABBOT ROAD
ANCHORAGE,AK99507 		92-0070857 VILLAGE COUNCIL 506,000       SEASONAL EMPLOYMENT OPPORTUNITIES ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; OPPS FOR YOUTH
(17) SOUTH NAKNEK VILLAGE COUNCIL
2521 E MT VILLAGE DR SUITE B PMB 3
WASILLA,AK99654 		92-0065146 VILLAGE COUNCIL 555,738       ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; OPPS FOR YOUTH ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS
(18) SOUTHWEST ALASKA VOCATIONAL & EDUCATION CENTER
BOX 615
KING SALMON,AK99613 		92-0174741 501(C)(3) 204,501       ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS COMMUNITY/GROUP TRAININGS
(19) TRADITIONAL COUNCIL OF TOGIAK
BOX 310
TOGIAK,AK99678 		92-0113885 TRAD'L COUNCIL 583,767       ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS COMMUNITY/GROUP TRAININGS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS
(20) TWIN HILLS VILLAGE COUNCIL
BOX TWA
SUITE B PMB 388
TWIN HILLS,AK99576 		92-0062296 VILLAGE COUNCIL 579,124       ECONOMIC DEVELOPMENT ; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS
(21) UGASHIK TRADITIONAL COUNCIL
2525 BLUEBERRY RD SUITE 205
ANCHORAGE,AK99503 		92-0160597 TRAD'L COUNCIL 559,633       COMMUNITY/GROUP TRAININGS; SEASONAL EMPL ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS
(22) BRISTOL BAY SCIENCE & RESEARCH INSTITUTE
BOX 1464
DILLINGHAM,AK99576 		92-0168036 501(C)(3) 750,000       ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS SCIENTIFIC AND EDUCATIONAL PROJECTS
(23) UAF-BRISTOL BAY CAMPUS
BOX 1070
DILLINGHAM,AK99576 		92-6000147 STATE OF AK 72,826       ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS SCIENTIFIC AND EDUCATIONAL PROJECTS GED/ADULT BASIC ED; TRAININGS; NURSING
(24) Bristol Bay Land Heritage Trust
Box 1388
DILLINGHAM,AK99576 		31-1721762 501(C)(3) 10,000       Education - BB River Academy
(25) DILLINGHAM CITY SCHOOL DISTRICT
BOX 170
DILLINGHAM,AK99576 		92-0031132 STATE OF AK 9,044       ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS EDUCATION - BB RIVER ACADEMY SEASONAL EMPLOYMENT OPPORTUNITIES
(26) SAFE AND FEAR-FREE ENVIRONMENT
BOX 94
DILLINGHAM,AK99576 		92-0088380 501(C)(3) 17,450       ECONOMIC DEVELOPMENT; PROMO OF PROGRAMS INTERNSHIPS SEASONAL AND YOUTH EMPLOYMENT
(27) UNITED TRIBES OF BRISTOL BAY
BOX 1252
DILLINGHAM,AK99576 		30-0785358 TRIBAL COUNCIL 149,083       SCIENTIFIC AND EDUCATIONAL PROJECTS INTERNSHIPS FISHERIES HABITAT PROTECTION
(28) City of Ekwok
Box 49
Ekwok,AK99580 		92-0086143 City 31,100       Seasonal Employment; Group Trainings
(29) BRISTOL BAY BOROUGH SCHOOL DISTRICT
BOX 169
NAKNEK,AK99633 		92-0029587 STATE OF AK 57,337       INTERNSHIPS INTERNSHIPS FISHERIES HABITAT PROTECTION EDUCATIONAL FISHERIES INITIATIVE
(30) BRISTOL BAY NATIVE ASSOCIATION
BOX 310
DILLINGHAM,AK99576 		92-0041473 501(C)(3) 17,300       INTERNSHIPS INTERNSHIPS ECONOMIC DEVELOPMENT - CONTRIBUTION GRANT WRITING; SEASONAL EMPLOYMENT
(31) CITY OF ALEKNAGIK
BOX 33
ALEKNAGIK,AK99555 		92-0079021 CITY 7,634       INTERNSHIPS FISHERIES HABITAT PROTECTION EDUCATIONAL FISHERIES INITIATIVE SEASONAL EMPLOYMENT OPPORTUNITIES
(32) BRISTOL BAY AREA HEALTH CORPORATION
BOX 130
DILLINGHAM,AK99576 		92-0044965 501(C)(3) 27,900       ECONOMIC DEVELOPMENT SEASONAL EMPLOYMENT; COMM/GROUP TRAINING SEASONAL EMPLOYMENT OPPORTUNITIES
(33) CITY OF TOGIAK
BOX 190
TOGIAK,AK99678 		92-0047402 CITY 14,465       INTERNSHIP; YOUTH EMPLOYMENT
(34) CAMAI COMMUNITY HEALTH CENTER
BOX 211
NAKNEK,AK99633 		11-3813698 501(C)(3) 15,855       SEASONAL EMPLOYMENT OPPORTUNITIES SEASONAL EMPLOYMENT OPPORTUNITIES SEASONAL & YOUTH EMPLOYMENT
(35) CHOGGIUNG LTD
BOX 330
DILLINGHAM,AK99576 		92-0045217   9,860       SEASONAL EMPLOYMENT OPPORTUNITIES SEASONAL EMPLOYMENT OPPORTUNITIES INTERNSHIPS
(36) PAULA MONSEN DBA D&D RESTAURANT
BOX 9
NAKNEK,AK99633 		82-2194418   5,256       EDUCATIONAL FISHERIES INITIATIVE COMM/GROUP TRAININGS; SEASONAL EMPLOY OP YOUTH EMPLOYMENT
(37) CITY OF EGEGIK
BOX 189
EGEGIK,AK99579 		92-0154668 CITY 7,020       SEASONAL EMPLOYMENT OPPORTUNITIES INTERNSHIPS SEASONAL EMPLOYMENT; GROUP TRAININGS
(38) JODIE HAZENBERG DBA JODIE'S IDEAS
BOX 310
NAKNEK,AK99633 		91-1774294   12,565       SEASONAL EMPLOYMENT OPPORTUNITIES SEASONAL EMPLOYMENT OPPORTUNITIES SEASONAL EMPLOYMENT OPPORTUNITIES
(39) NUNAMTA AULUKESTAI
BOX 735
DILLINGHAM,AK99576 		26-1203644 501(C)(3) 9,120       SEASONAL EMPLOYMENT OPPORTUNITIES SEASONAL EMPLOYMENT OPPORTUNITIES FISHERIES HABITAT PROTECTION
(40) USFWSTOGIAK NATIONAL WILDLIFE REFUGE
BOX 270
DILLINGHAM,AK99576 		53-0201504 FEDERAL 16,078       SEASONAL EMPLOYMENT OPPORTUNITIES SEASONAL EMPLOYMENT OPPORTUNITIES INTERNSHIPS; YOUTH EMPLOYMENT
(41) KDLG
BOX 670
DILLINGHAM,AK99576 		92-0031132 State of AK 18,891       Seasonal; Youth Employment
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
37
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
4
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2018

Schedule I (Form 990) 2018
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients		 (c) Amount of
cash grant		 (d) Amount of
noncash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of noncash assistance
(1) PERMIT LOAN PROGRAM 51 414,868      
(2) PERMIT AND VESSEL LOAN TECHNICAL ASSISTANCE 64 37,681      
(3) EMERGENCY TRANSFER GRANTS 25 167,500      
(4) INTEREST RATE ASSISTANCE 21 40,604      
(5) PERSONAL FINANCE/EDUCATION 21 330      
(6) TAX ASSISTANCE PROGRAM 1091 136,625      
(7) VESSEL UPGRADES 68 1,052,803      
(8) STUDENT LOAN FORGIVENESS PROGRAM 7 20,614      
(9) COLLEGE DEVELOPMENT FUND 85 113,813      
(10) VOCATIONAL/TECHNICAL TRAINING PROGRAM 97 227,952      
(11) QUALITY IMPROVEMENTS PROGRAM - TOTES 15   25,638 BOOK TOTES FOR ICING FISH
(12) QUALITY IMPROVEMENTS PROGRAM - SLUSH BAGS 13   11,215 BOOK SLUSH BAGS FOR ICING
(13) QUALITY IMPROVEMENTS PROGRAM - FOAM INSULATION 9   3,673 BOOK FOAM INSUL FOR ICING
(14) Vessel Acquisition Program 14 165,936      
(15) RSW Fleet Support 17 11,962      
(16) PRE-SEASON ADVANCE LOANS 43 28,274      
(17) AT-SEA EMPLOYMENT 5 2,472      
(18) RSW Purchase Program 10 219,513      
(19) Quality Improvements Program - Padded Deck Mat 9   4,273 book Deck Mats for fish
(20) Shorefish Lease Program 1 800      
(21) In-season Emergency Provision Program 1 10,556      
Part IV
Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.
Return Reference Explanation
SCHEDULE I PART I LINE 2 BBEDC HAS MANY PROGRAMS AVAILABLE TO ITS CDQ MEMBER COMMUNITIES INCLUDING THOSE THAT PROVIDE GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS, ORGANIZATIONS, AND GOVERNMENTS. THESE PROGRAMS WERE DEVELOPED AND ARE ADMINISTERED CONSISTENT WITH BBEDC'S TAX-EXEMPT PURPOSE. ALL PROGRAMS HAVE SPECIFIC PROGRAM REQUIREMENTS AS WELL AS ESTABLISHED POLICIES AND PROCEDURES FOR ENSURING A GRANTEE'S ELIGIBILITY AND USE OF FUNDS WHICH ARE MONITORED BY BBEDC'S PROGRAM MANAGERS.
Schedule I (Form 990) 2018



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Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet Attach to Form 990.
SchJMediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2018
Open to Public Inspection
Name of the organization
BRISTOL BAY ECONOMIC DEVELOPMENT CORPORATION
 
Employer identification number

92-0142567
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .........
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..
2
 
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? .............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ....................
5a
 
No
b
Any related organization? .......................
5b
 
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ..................
6a
 
No
b
Any related organization? ......................
6b
 
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................
8
 
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2018

Schedule J (Form 990) 2018
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column (B) reported as deferred on prior Form 990
(i) Base
compensation 		(ii) Bonus & incentive
compensation 		(iii) Other reportable compensation
1NORMAN VAN VACTOR
PRESIDENT/CEO 		(i)

(ii)		 224,405
-------------
  		25,500
-------------
  		 
-------------
  		6,727
-------------
  		28,297
-------------
  		284,929
-------------
  		 
-------------
 
2HELEN SMEATON
CHIEF OPERATING OFFICER 		(i)

(ii)		 119,950
-------------
  		500
-------------
  		 
-------------
  		3,636
-------------
  		26,723
-------------
  		150,809
-------------
  		 
-------------
 
3STACI FIESER
CHIEF FINANCIAL OFFICER 		(i)

(ii)		 119,694
-------------
  		500
-------------
  		 
-------------
  		9,147
-------------
  		41,171
-------------
  		170,512
-------------
  		 
-------------
 
4PAUL PEYTON
SEAFOOD INVESTMENT OFFICER 		(i)

(ii)		 176,768
-------------
  		500
-------------
  		 
-------------
  		5,293
-------------
  		28,898
-------------
  		211,459
-------------
  		 
-------------
 
Schedule J (Form 990) 2018

Schedule J (Form 990) 2018
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
Schedule J (Form 990) 2018
Additional Data


Software ID:  
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Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ.
MediumBulletGo to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public Inspection
Name of the organization
BRISTOL BAY ECONOMIC DEVELOPMENT CORPORATION
 
Employer identification number

92-0142567
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e)Original principal amount (f)Balance due (g) In default? (h) Approved by board or committee? (i)Written agreement?
To From Yes No Yes No Yes No
Total ...............Small Bullet $  
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
(1) DILLON CHANEY GRANDSON OF BBEDC BOARD MEMBER 1,651 EDUCATIONAL ASSISTANCE EDUCATION
(2) TONI CHRISTENSEN SISTER-IN-LAW OF BOARD MEMBER 2,500 TRAINING ASSISTANCE JOB TRAINING
(3) JAMES FOLSOM SR BROTHER OF BBEDC OFFICER 1,423 TRAINING ASSISTANCE JOB TRAINING
(4) KIMBERLY SEYBERT DAUGHTER OF BBEDC BOARD MEMBER 1,500 EDUCATIONAL ASSISTANCE EDUCATION
(5) KIMBERLY SEYBERT DAUGHTER OF BBEDC BOARD MEMBER 2,465 TRAINING ASSISTANCE JOB TRAINING
(6) DANNY WASSILY BROTHER-IN-LAW OF BOARD MEMBER 1,516 TRAINING ASSISTANCE JOB TRAINING
(7) STEVE WASSILY JR BROTHER-IN-LAW OF BOARD MEMBER 1,790 TRAINING ASSISTANCE JOB TRAINING
(8) TERESA WILSON DAUGHTER-IN-LAW OF BOARD MEMB. 3,683 TRAINING ASSISTANCE JOB TRAINING
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2018
Schedule L (Form 990 or 990-EZ) 2018
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) NONE          
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Schedule L (Form 990 or 990-EZ) 2018


Additional Data


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SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Name of the organization
BRISTOL BAY ECONOMIC DEVELOPMENT CORPORATION
 
Employer identification number

92-0142567
Return Reference Explanation
FAMILY AND BUSINESS RELATIONSHIPS OF BOARD MEMBERS Form 990 Part VI Line 2 BOARD MEMBERS - CURRENT YEAR BOARD MEMBERS - MARK ANGASAN AND FRED ANGASAN, SR. HAVE A FAMILY RELATIONSHIP.
PROCESS FOR REVIEW OF THE FORM 990 Form 990 Part VI Line 11b PRIOR TO FILING THE RETURN, A DRAFT OF THE FORM 990 TAX RETURN WILL BE SUBMITTED TO THE CHIEF FINANCIAL OFFICER (CFO) BY THE TAX PREPARER. THIS DRAFT WILL BE REVIEWED BY THE CFO AND STAFF. THE CFO WILL THEN HAVE THE PRESIDENT/CEO AND COO REVIEW THE DRAFT RETURN BEFORE AUTHORIZING THE TAX PREPARER TO FINALIZE THE RETURN. A COPY OF THE TAX RETURN WILL BE PROVIDED TO THE BOARD MEMBERS UPON REQUEST.
MONITORING OF CONFLICT OF INTEREST POLICY FORM 990 PART VI LINE 12C In any situation where there is a conflict or the appearance of conflict, or where a board member is uncertain of the possibility of a conflict, the Board Member or employee should protect himself/herself by immediately discussing the matter fully and frankly with the Chairman or, if the matter arises during a board meeting, by disclosing the matter to the full Board of Directors. The Chairman or any other board member are also encouraged to raise any issue known to them to ensure that any potential conflict is known to the Corporation and its board in a timely manner. Where there is doubt as to the existence of a conflict of interest, the situation should be fully explained in writing in advance of any board meeting. If necessary, the Chairman will appoint a three-member ad hoc committee of members of the Board of Directors to make a recommendation to the Board of Directors on the matter at the next board meeting. The committee will discuss the matter with the Corporation's General Counsel. The decision of the Board of Directors is binding. BOARD MEMBERS ARE REQUIRED TO DECLARE A CONFLICT OF INTEREST ON EACH AND EVERY VOTE THEY TAKE IF ONE EXISTS.
DETERMINING COMPENSATION FOR PRESIDENT/CEO FORM 990 PART VI LINE 15A THE BOARD SETS THE BEGINNING SALARY RANGE FOR THE POSITION OF THE PRESIDENT/CEO BASED ON A LOCAL SALARY SURVEY. A SALARY SURVEY WAS PERFORMED IN 2018. THIS SALARY RANGE IS ADJUSTED PERIODICALLY AS LOCAL SALARIES IN THE REGION CHANGE. EACH YEAR THE BOARD GOES INTO EXECUTIVE SESSION TO EVALUATE THE PRESIDENT/CEO'S PERFORMANCE OVER THE PAST YEAR AND THE CONTRACT RENEWAL AND COMPENSATION, IF TIME TO RENEW. THE CURRENT PRESIDENT/CEO CONTRACT IS FOR A 5 YEAR TERM. IN ADDITION, THE BOARD TAKES INTO CONSIDERATION ITS POLICY OF UP TO A 4% MERIT INCREASE EACH YEAR. AT THE CONCLUSION OF THE PRESDIENT/CEO'S EVALUATION, THE PRESIDENT/CEO IS REQUIRED TO LEAVE THE ROOM SO THAT THE REMAINING BOARD MAY HAVE CONFIDENTIAL DISCUSSIONS. MOTION IS MADE TO COME OUT OF EXECUTIVE SESSION AND THE BOARD'S DECISION OF THE CONTRACT AND COMPENSATION IS PRESENTED AND DOCUMENTED IN THE MINUTES.
DETERMINING COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES FORM 990 PART VI LINE 15B Annually, the board approves the budget which contains the salary information on employees. THE BOARD SETS THE BEGINNING SALARY RANGE FOR THE POSITIONS AT BBEDC BASED ON A LOCAL SALARY SURVEY. A SALARY SURVEY WAS PERFORMED IN 2018. THIS SALARY RANGE IS ADJUSTED PERIODICALLY AS LOCAL SALARIES IN THE REGION CHANGE. ANNUALLY ON THE EMPLOYEE'S ANNIVERSARY DATE, THE IMMEDIATE SUPERVISOR PERFORMS AN EVALUATION. IN ADDITION, THE SUPERVISOR TAKES INTO CONSIDERATION THE BOARD'S POLICY OF UP TO A 4% MERIT INCREASE EACH YEAR. THE SUPERVISOR MAKES ITS RECOMMENDATION ON THE COMPENSATION FOR THE NEXT YEAR, WITH THE PRESIDENT/CEO HAVING FINAL APPROVAL FOR ALL EMPLOYEES. IN ADDITION, FORMAL CONTRACTS ARE REQUIRED ANNUALLY FOR THE FOLLOWING POSITIONS: CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER, AND SEAFOOD INVESTMENT OFFICER.
AVAILABILITY OF DOCUMENTS Form 990 Part VI Line 19 BBEDC'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING US AT 1-907-842-4370 OR WRITING TO US AT PO BOX 1464, DILLINGHAM, AK 99576-1464. IN ADDITION, OUR FORM 990 IS AVAILABLE FOR VIEWING ON THE WEBSITE GUIDESTAR.ORG.
OTHER CHANGES IN NET ASSETS Form 990 Part IX Line 9 EQUITY IN LOSSES OF ENTITIES CONSOLIDATED FOR AFS, NOT CONSOLIDATED FOR TAX -1,023,623
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2018


Additional Data


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SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
2018
Open to Public Inspection
Name of the organization
BRISTOL BAY ECONOMIC DEVELOPMENT CORPORATION
 
Employer identification number

92-0142567
Part I
Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity
(1) BRISTOL BAY ICE LLC
PO BOX 1464
DILLINGHAM,AK99576
20-4176963 		COMM. FISHING AK 98,545 256,716 BBEDC
 










Part II
Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1)BRISTOL BAY SCIENCE & RESEARCH INSTITUTE
PO BOX 1464

DILLINGHAM,AK99576
92-0168036 		SCIENCE/EDUC AK 501(C)(3) 7 BBEDC
 
Yes
 
(2)HARVEY SAMUELSEN SCHOLARSHIP TRUST
PO BOX 1464

DILLINGHAM,AK99576
30-0065137 		SCHOLARSHIPS AK 501(C)(3) PF BBEDC
 
Yes
 










For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2018
Schedule R (Form 990) 2018
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No
(1) ALASKAN LEADER FISHERIES LLC

8874 BENDER RD STE 201
LYNDON,WA98264
61-1503131 		COMM. FISHING AK NA
  		RELATED 32,487 1,308,104 Yes       No 50.000 %
(2) ALASKAN LEADER SEAFOODS LLC

8874 BENDER RD STE 201
LYNDON,WA98264
20-5851344 		FISH MARKETING AK NA
  		RELATED -348,860 3,550,557   No     No 50.000 %
(3) ALASKAN LEADER VESSEL LLC

8874 BENDER RD STE 201
LYNDON,WA98264
92-0142904 		COMM. FISHING AK NA
  		RELATED 1,550,960 5,135,086 Yes       No 50.000 %
(4) ALEUTIAN LEADER FISHERIES LLC

8874 BENDER RD STE 201
LYNDON,WA98264
26-1607537 		COMM. FISHING AK NA
  		RELATED -2,962 126,092   No     No 50.000 %
(5) BERING LEADER FISHERIES LLC

8874 BENDER RD STE 201
LYNDON,WA98264
43-2055793 		COMM. FISHING AK NA
  		RELATED 1,002,730 4,990,838 Yes       No 50.000 %
(6) BRISTOL LEADER FISHERIES LLC

8874 BENDER RD STE 201
LYNDON,WA98264
91-1780779 		COMM. FISHING AK NA
  		RELATED 245,702 7,986,928 Yes       No 50.000 %
(7) KODIAK LEADER FISHERIES LLC

8874 BENDER RD STE 201
LYNDON,WA98264
27-2387715 		COMM. FISHING AK NA
  		RELATED -100,968 12,073,241   No     No 50.000 %
(8) NORTHERN LEADER FISHERIES LLC

8874 BENDER RD STE 201
LYNDON,WA98264
45-4219695 		COMM. FISHING AK NA
  		RELATED 400,231 12,807,015 Yes       No 50.000 %
(9) ATECH SERVICES LLC

8874 BENDER RD STE 201
LYNDON,WA98264
26-2712575 		FABRICATION WA NA
  		UNRELATED 385,447 942,947   No     No 50.000 %
(10) DONA MARTITA LLC

20308 DAYTON AVE N
SEATTLE,WA98133
91-2089115 		COMM. FISHING WA NA
  		RELATED -402,461 20,781,938 Yes       No 50.000 %
(11) ALASKAN MARINER LLC

5470 SHILSHOLE AVE NW STE 410
SEATTLE,WA98107
20-0499337 		COMM. FISHING WA NA
  		RELATED 161,222 740,211 Yes       No 50.000 %
(12) ALEUTIAN MARINER LLC

5470 SHILSHOLE AVE NW STE 410
SEATTLE,WA98107
91-1424870 		COMM. FISHING WA NA
  		RELATED 133,981 717,611 Yes       No 40.000 %
(13) ARCTIC MARINER LLC

5470 SHILSHOLE AVE NW STE 410
SEATTLE,WA98107
91-1530408 		COMM. FISHING WA NA
  		RELATED 186,245 895,781 Yes       No 50.000 %
(14) BRISTOL MARINER LLC

5470 SHILSHOLE AVE NW STE 410
SEATTLE,WA98107
91-1812263 		COMM. FISHING AK NA
  		RELATED 381,946 955,052 Yes       No 45.000 %
(15) CASCADE MARINER LLC

5470 SHILSHOLE AVE NW STE 410
SEATTLE,WA98107
91-2095173 		COMM. FISHING WA NA
  		RELATED 138,428 611,042 Yes       No 50.000 %
(16) NORDIC MARINER LLC

5470 SHILSHOLE AVE NW STE 410
SEATTLE,WA98107
91-1837754 		COMM. FISHING WA NA
  		RELATED 168,135 892,048 Yes       No 45.000 %
(17) NORTHERN MARINER LLC

5470 SHILSHOLE AVE NW STE 410
SEATTLE,WA98107
91-1942159 		COMM. FISHING WA NA
  		RELATED 130,225 3,290   No     No 45.000 %
(18) WESTERN MARINER LLC

5470 SHILSHOLE AVE NW STE 410
SEATTLE,WA98107
80-0074651 		COMM. FISHING WA NA
  		RELATED 8,683 1,259,590 Yes       No 50.000 %
(19) OCEAN BEAUTY SEAFOODS LLC

PO BOX 70739
SEATTLE,WA981271539
20-8899430 		SEAFOOD PROCESS. AK NA
  		UNRELATED 2,371,477 33,510,418   No     No 50.000 %
(20) WASHINGTON LANDMARK HOLDINGS LLC

8874 BENDER RD STE 201
LYNDON,WA98264
46-5732160 		REAL ESTATE AK NA
  		RELATED -1,217,396 3,505   No     No 50.000 %
(21) OBS FISHMEAL LLC

1100 W EWING STREET
SEATTLE,WA98119
81-4555564 		FISHMEAL PLANT AK NA
  		UNRELATED 1,470,529 1,263,661   No     No 50.000 %
Part IV
Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No












Schedule R (Form 990) 2018
Schedule R (Form 990) 2018
Page 3
Part V
Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
 
No
b Gift, grant, or capital contribution to related organization(s) ............................
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) ............................
1c
 
No
d Loans or loan guarantees to or for related organization(s) ............................
1d
 
No
e Loans or loan guarantees by related organization(s) ............................
1e
 
No
f Dividends from related organization(s) ............................
1f
 
No
g Sale of assets to related organization(s) ............................
1g
 
No
h Purchase of assets from related organization(s) ............................
1h
 
No
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
Yes
 
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
 
No
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
Yes
 
o Sharing of paid employees with related organization(s) ............................
1o
Yes
 
p Reimbursement paid to related organization(s) for expenses ............................
1p
 
No
q Reimbursement paid by related organization(s) for expenses ............................
1q
Yes
 
r Other transfer of cash or property to related organization(s) ............................
1r
 
No
s Other transfer of cash or property from related organization(s) ............................
1s
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) BRISTOL BAY SCIENCE AND RESEARCH INSTITUTE

 b 813,964 ACTUAL CASH
(2) BRISTOL BAY SCIENCE AND RESEARCH INSTITUTE

 q 628,845 ACTUAL CASH




Schedule R (Form 990) 2018
Schedule R (Form 990) 2018
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2018
Schedule R (Form 990) 2018
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference Explanation
Schedule R (Form 990) 2018

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