Form990


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)
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
A For the 2023 calendar year, or tax year beginning 01-01-2023 , and ending 12-31-2023
BCheck if applicable:
CName of organization
BRISTOL BAY ECONOMIC DEVELOPMENT CORP
 
 
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 $ 68,085,598
F Name and address of principal officer:
MICHAEL LINK
PO BOX 1464
DILLINGHAM,AK99576
I
Tax-exempt status: ( 4 ) (insert no.) or
J
Website:
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  
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; SEE SCH O. THROUGH SUSTAINABLE USE OF THE BERING SEA RESOURCES.
2 Check this box
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 20
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 2023 (Part V, line 2a) ...... 5 35
6 Total number of volunteers (estimate if necessary) ............. 6 0
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a -7,958,614
b Net unrelated business taxable income from Form 990-T, Part I, line 11 ......... 7b 0
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 0 0
9 Program service revenue (Part VIII, line 2g) ......... 43,517,973 9,988,722
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 3,395,589 10,006,134
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 125,377 25,918
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 47,038,939 20,020,774
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 10,276,488 11,370,579
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) 2,566,621 2,627,963
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) 0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 9,549,359 7,653,714
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 22,392,468 21,652,256
19 Revenue less expenses. Subtract line 18 from line 12....... 24,646,471 -1,631,482
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 384,600,359 394,959,006
21 Total liabilities (Part X, line 26)............. 2,644,380 3,297,554
22 Net assets or fund balances. Subtract line 21 from line 20..... 381,955,979 391,661,452
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
Signature of officer Date
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name

Firm's EIN
Firm's address



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 (2023)
Form 990 (2023)
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 $ 2,948,391 including grants of $ 0 ) (Revenue $ 22,071,797 )
FISHING OPERATIONSBBEDC GENERATES ROYALTIES BY CONTRACTING WITH HARVESTING VESSELS AND PROCESSORS FOR A SHARE OF THE REVENUE GENERATED IN THE HARVEST AND SALE OF CDQ AND IFQ ALLOCATIONS. THESE ROYALTIES HELP SUPPORT THE PROGRAMS AND OTHER WORK PROVIDED BY BBEDC.
4b (Code:   ) (Expenses $ 8,404,272 including grants of $ 8,404,272 ) (Revenue $ 0 )
COMMUNITY AND BUSINESS DEVELOPMENT - SEE SCHEDULE OBBEDC HAS INVESTED MORE THAN $129,000,000 IN COMMUNITY ECONOMIC DEVELOPMENT THROUGH COMMUNITY GRANT PROGRAMS. COMMUNITY GRANTS PROVIDE BBEDC COMMUNITIES WITH THE OPPORTUNITY TO FUND PROJECTS THAT PROMOTE SUSTAINABLE COMMUNITY AND REGIONAL ECONOMIC DEVELOPMENT. IN ADDITION, COMMUNITIES MAY CHOOSE TO USE COMMUNITY BLOCK GRANT FUNDS TO ASSIST ELIGIBLE RESIDENT HOUSEHOLDS IN THE RESPECTIVE BBEDC COMMUNITIES TO PURCHASE HOME HEATING FUEL AND/OR ELECTRICITY OR TO FUND OPERATIONS AND MAINTENANCE (O&M) OF BUILDINGS AND ICE MACHINES TO WHICH THE COMMUNITY OWNS TITLE. IN 2023, THE BOARD OF DIRECTORS ALLOCATED $750,000 PER BBEDC COMMUNITY FOR THE COMMUNITY BLOCK GRANT PROGRAM AND THE FOLLOWING WERE AWARDED.ALEKNAGIK $750,000HEAVY EQUIPMENT REPAIR PROJECTHOME HEATING FUEL/ELECTRIC ASSISTANCEPURCHASE HEAVY EQUIPMENT LOADERPURCHASE HEAVY EQUIPMENT DUMP TRUCKBRUSH CUTTING/CLEARING PROJECTMAJOR EQUIPMENT REPAIR PROJECTCLARKS POINT $750,000SNOWBULANCE RESCUE SLEDHOME HEATING FUEL/ELECTRIC ASSISTANCEGRAVEL PURCHASE PROJECTPURCHASE HEAVY EQUIPMENT LOADERPURCHASE HEAVY EQUIPMENT SKID STEERELECTRIC REPAIR PROJECTDILLINGHAM $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCEEGEGIK $750,000VEHICLE PURCHASEPURCHASE HEAVY EQUIPMENT TELEHANDLERSHOP/STORAGE BUILDING CONSTRUCTION PROJECTEKUK $750,000CONSTRUCTION OF EKUK TO CLARKS POINT ROAD PHASE XEKWOK $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCEGREEN BUILDING CONSTRUCTION PROJECTKING SALMON $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCELEVELOCK $750,000FISH PROCESSING PLANT DEVELOPMENT, NEXT PHASEHOME HEATING FUEL/ELECTRIC ASSISTANCETRIBAL COUNCIL OFFICE O&MLEVELOCK CLINIC/RAINBOW HALL O&MMANOKOTAK $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCE BRUSH CUTTING PROJECTCOMMUNITY BUILDING, PHASE 1NAKNEK $750,000ECKERT PROPERTY IMPROVEMENTS AND ENHANCEMENTPILOT POINT $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCESEAFOOD PROCESSING FACILITY, NEXT PHASECOMMUNITY HOUSING PROJECTSCOASTAL REVETMENT BARRIERPURCHASE HEAVY EQUIPMENT - EXCAVATORPORTAGE CREEK $750,000HOUSING SECURITY PROJECTPORT HEIDEN $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCETRIBAL BUILDING RENOVATION PROJECTJOHNNY CHRISTENSEN VISITING CENTER, PHASE 1SOUTH NAKNEK $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCEPURCHASE HEAVY EQUIPMENT SKID STEERPURCHASE VEHICLESICE MACHINE ADDITIONSTOGIAK $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCEFREEZER UNIT PURCHASE AND INSTALLATIONTWIN HILLS $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCEMETER BASE CHANGEOUT PROJECTPOWERLINE EXTENSION PROJECTEQUIPMENT UPGRADE & REPAIRPURCHASE HEAVY EQUIPMENT SKID STEER WITH SNOW BLOWERBRUSH CUTTING/CLEARING PROJECTMAINTENANCE BUILDING FUND ALLOCATIONUGASHIK $750,000HOME HEATING FUEL/ELECTRIC ASSISTANCEINFRASTRUCTURE IMPROVEMENTS/COMMERCIAL FISHING SUPPORTARCTIC TERN PROGRAMTHROUGH THE ARCTIC TERN PROGRAM BBEDC DISTRIBUTES GRANTS OF UP TO $6,000 AVAILABLE TO EACH BBEDC COMMUNITY TO UNDERTAKE PROJECTS THAT PROVIDE OPPORTUNITIES FOR EMPLOYMENT AND EDUCATIONAL ACTIVITIES FOR YOUTH UNDER THE AGE OF 17. A CUMULATIVE TOTAL OF $53,260 WAS AWARDED TO 10 BBEDC COMMUNITIES IN 2023 AND A TOTAL OF 58 YOUTH WERE EMPLOYED AND/OR ENGAGED THROUGH THE GRANTS. PROJECTS INCLUDED COMMUNITY-WIDE CLEANUP EVENTS, COMMUNITY HELPER PROGRAM'S IN TWO SEPARATE COMMUNITIES THAT EMPLOYED YOUNG PEOPLE TO PROVIDE HOME SERVICES FOR RESIDENTS IN NEED, ATTENDANCE AT THE ALASKA FEDERATION OF NATIVES (AFN) YOUTH AND ELDERS CONFERENCE, STUDENT EMPLOYEES DESIGNED A TRIBAL LOGO, AND A TOUR OF COLLEGE AND VOCATIONAL INSTITUTESINTEREST RATE ASSISTANCE PROGRAMTHE INTEREST RATE ASSISTANCE (IRA) PROGRAM IS DESIGNED TO HELP RESIDENT FISHERS WITH INTEREST EXPENSES THAT OCCUR WITH FISHING LOANS IN ORDER THAT THEY MAY REINVEST IN THEIR FISHING OPERATIONS AND TO OFFSET EVER-INCREASING INTEREST RATES. PARTICIPANTS REPORTED THAT THE LOAN AND SAVINGS GAINED FROM THE IRA WERE INVESTED IN IMPROVEMENTS TO THEIR VESSELS AND ADDED GEAR; ALL OF WHICH MAKES RESIDENT FISHING OPERATIONS MORE PROFITABLE AND RESULTS IN MORE ECONOMIC BENEFIT TO THE REGION. BBEDC ASSISTED 18 RESIDENT APPLICANTS AND INVESTED $41,107 IN 2023 IN INTEREST ASSISTANCE.GRANT WRITING ASSISTANCEBRISTOL BAY COMMUNITIES RELY ON FEDERAL, STATE AND PRIVATE GRANTING SOURCES FOR THE DEVELOPMENT AND REPLACEMENT OF CRITICAL COMMUNITY INFRASTRUCTURE AS WELL AS FOR DEVELOPMENT THAT RESULTS IN INCOME GENERATING OPPORTUNITIES FOR RESIDENTS. BBEDC'S GRANT WRITING ASSISTANCE PROGRAM PROVIDES THE SERVICES OF SELECTED GRANT-WRITING CONSULTANTS FOR FUNDING SEARCHES, PROPOSAL PRE-DEVELOPMENT, PRE-APPLICATIONS, PROPOSAL DEVELOPMENT, PROPOSAL FOLLOW-UP AND PROPOSAL REVIEW. IN 2023, BBEDC PROVIDED $60,228 TO SUPPORT PROFESSIONAL CONSULTING ASSISTANCE FOR PREPARATION OF PROPOSALS SUBMITTED BY BBEDC COMMUNITIES TO GRANTING AGENCIES. INDIVIDUAL GRANT PROPOSALS REQUIRED UP TO 100 HOURS OF CONSULTANT TIME IN SOME CASES DUE TO THE COMPLEXITY. TECHNICAL ASSISTANCE PROGRAMOUR REGION'S ENTREPRENEURS, INCLUDING COMMERCIAL FISHERS, COMMUNITY ORGANIZATIONS/GOVERNMENTS, INDIVIDUALS AND SMALL BUSINESSES, ARE AN ASSET TO BE CULTIVATED, MOTIVATED, AND REWARDED. HEALTHY AND THRIVING BUSINESSES GENERATE RESIDENT JOBS AND ECONOMIC ACTIVITY THAT IS BENEFICIAL TO THE REGION. BBEDC'S TECHNICAL ASSISTANCE PROGRAM PROMOTES BUSINESS PLANNING AND DEVELOPMENT WHETHER IT IS A COMMERCIAL FISHING OPERATION OR OTHER SMALL BUSINESS. THROUGH PARTNERSHIPS WITH THE ALASKA BUSINESS DEVELOPMENT CENTER (ABDC) AND AGNEW::BECK CONSULTING, RESIDENT ENTREPRENEURS ARE PROVIDED PROFESSIONAL BUSINESS CONSULTING SERVICES. IN 2023, BBEDC INVESTED $29,480 IN CONSULTING TIME FOR RESIDENT TECHNICAL ASSISTANCE AND PROVISION OF ASSISTANCE SPECIFICALLY FOR APPLICANTS AND PARTICIPANTS IN THE EMERGENCY TRANSFER GRANT PROGRAM, PERMIT LOAN PROGRAM AND VESSEL ACQUISITION PROGRAM. ANOTHER $19,650 FUNDED COMPLETION OF AN OVERALL ASSESSMENT OF THE PERMIT LOAN PROGRAM THAT WAS BEGUN IN 2022.COMMUNITY LIAISON PROGRAMTHROUGH THE BBEDC COMMUNITY LIAISON PROGRAM GRANTS ARE MADE AVAILABLE TO EACH CDQ COMMUNITY (CITY OR TRIBAL ORGANIZATION) TO FUND A POSITION THAT SERVES AS A LIAISON FOR BBEDC STAFF IN THEIR COMMUNITY. THE POSITION IS CRITICAL FOR ASSURING THAT RESIDENTS ARE PROVIDED WITH CURRENT INFORMATION AND EASY ACCESS TO BBEDC PROGRAM INFORMATION. THE INDIVIDUAL IS AN EMPLOYEE OF THE GRANT RECIPIENT AND PROVIDES ADDITIONAL SUPPORT TO THAT ORGANIZATION WITH OTHER ADMINISTRATIVE TASKS. GRANTS OF $58,700 WERE AVAILABLE TO EACH OF THE 16 COMMUNITY APPLICANTS. EACH COMMUNITY WAS ALSO ELIGIBLE TO RECEIVE AN ADDITIONAL $1,000 ANNUALLY TO OFFSET THE COST OF INTERNET TO ATTEND MONTHLY COMMUNITY LIAISON MEETINGS THROUGH VIDEOCONFERENCE. BBEDC INVESTED A TOTAL OF $945,700 IN 2023.
4c (Code:   ) (Expenses $ 3,027,038 including grants of $ 2,222,207 ) (Revenue $ 20,448 )
REGIONAL FISHING DEVELOPMENT - SEE SCHEDULE OBBEDC OFFERS VESSEL UPGRADE GRANTS TO RESIDENT COMMERCIAL FISHERS TO HELP UPGRADE AND MODERNIZE THE FLEET WITH TECHNICAL INNOVATIONS, EFFICIENT ENGINES, OUTBOARDS, OR SIMPLY THE REPAIRS NECESSARY TO KEEP VESSELS OUT ON THE FISHING GROUNDS. A NEW CHANGE WAS MADE TO THE PROGRAM IN 2023; PREVIOUS PARTICIPANTS IN THE VESSEL UPGRADE GRANT PROGRAM MAY QUALIFY FOR THE PROGRAM AGAIN, PROVIDED THEIR APPLICATION MEETS THE ELIGIBILITY CRITERIA. DRIFT OPERATIONS CAN QUALIFY FOR UP TO $35,000 AND SET NET OPERATIONS FOR UP TO $17,500 TO HELP OPTIMIZE THEIR FISHING OPERATIONS. IN 2023, BBEDC SPENT $1,008,252 TO HELP FIFTY-SIX RESIDENT FISHERS FROM FIFTEEN BRISTOL BAY COMMUNITIES UPGRADE THEIR EQUIPMENT.IN-SEASON EMERGENCY PROVISIONTHE IN-SEASON EMERGENCY PROVISION PROVIDES EMERGENCY SUPPORT FOR RESIDENT FISHERS NEEDING TO GET BACK ON THE WATER IF THEY EXPERIENCE A CATASTROPHIC ENGINE OR DRIVE TRAIN FAILURE DURING THE SEASON. QUALIFYING RESIDENT DRIFT OPERATIONS CAN ACCESS UP TO $35,000, AND QUALIFYING RESIDENT SET NET OPERATIONS CAN ACCESS UP TO $17,500. APPLICANTS WHO HAVE RECEIVED A VESSEL UPGRADE GRANT IN THE PREVIOUS THREE YEARS MAY NOT BE ELIGIBLE AS THESE PROGRAMS SHARE THE SAME POOL OF FUNDING. IN 2023, BBEDC SPENT $64,284 THROUGH THIS PROVISION TO HELP FIVE RESIDENT FISHERS CONTINUE THEIR SEASON AFTER BREAKING DOWN.RSW PURCHASE PROGRAMMANY PROCESSORS OFFER A SUBSTANTIAL BONUS FOR CHILLING, AND DELIVERING HIGH QUALITY CHILLED FISH HAS BECOME THE INDUSTRY STANDARD IN BRISTOL BAY. REFRIGERATED SEA WATER (RSW) SYSTEMS CAN PROVIDE AN EFFICIENT ALTERNATIVE TO ICING WHILE ALSO SAVING ON FUEL EXPENSES AND REDUCED FISHING TIME FROM TRAVELLING TO GET ICE. RSW SYSTEMS COOL SEA WATER IN THE VESSEL'S FISH HOLDS TO CHILL THE CATCH, KEEPING HARVESTED SALMON FRESH. BBEDC'S RSW PURCHASE PROGRAM OFFERS GRANTS OF UP TO $22,000 TO ASSIST QUALIFIED BRISTOL BAY WATERSHED RESIDENT FISHERS WITH THE COST OF PURCHASING AN RSW SYSTEM. TO ENSURE EFFICIENT OPERATION OF AN RSW UNIT, VESSELS MUST BE PREPARED WITH INSULATED FISH HOLDS, ADEQUATE HYDRAULICS, AND PROPER PLUMBING BEFORE BEING APPROVED FOR AN RSW GRANT. APPLICATIONS FOR THE RSW PURCHASE PROGRAM ARE ACCEPTED YEAR-ROUND, AND GRANT FUNDS CAN BE USED IN CONJUNCTION WITH BBEDC'S VESSEL UPGRADE GRANT TO FURTHER REDUCE THE FISHER'S COST OF PREPARING THEIR VESSEL FOR AN RSW SYSTEM. IN 2023, BBEDC DISTRIBUTED $44,000 ACROSS TWO RSW PURCHASE PROGRAM GRANTS.RSW SUPPORT PROGRAMMANY PROCESSORS IN BRISTOL BAY REQUIRE THEIR FLEET TO CHILL THEIR HARVEST TO ENSURE A CONSISTENTLY HIGH-QUALITY PRODUCT. REFRIGERATED SEA WATER (RSW) SYSTEMS ARE INVALUABLE TO MANY FISHERS AS THEY ALLOW OPERATORS TO FOCUS ON FISHING WITHOUT THE NEED FOR PAUSING TO CHASE ICE, HOWEVER THESE SYSTEMS OFTEN REQUIRE CERTIFIED RSW TECHNICIANS TO ASSIST WITH START-UP AND REPAIRS. BBEDC OFFERS QUALIFYING RESIDENT FISHERS AN ANNUAL GRANT OF UP TO $1,000 TO HELP ALLEVIATE THE COST FOR TECHNICAL ASSISTANCE ON PRE-SEASON START-UPS, MAINTENANCE, AND WINTERIZATION OF THEIR RSW UNITS. IN 2023, NINETEEN RESIDENT FISHERS ACROSS SEVEN COMMUNITIES RECEIVED $14,223 IN GRANT AWARDS. BRISTOL BAY ICE, LLC (BBICE)BBEDC'S ICE BARGE THE BRISTOL MAID SERVICED THE NUSHAGAK FLEET NEAR CLARKS POINT AND SOLD 408,302 LBS. OF ICE TO FISHERS, A 37% DECREASE IN SALES FROM 2022. THIS DECREASE COULD BE BECAUSE THERE WERE SIGNIFICANTLY LESS BOATS REGISTERED IN THE DISTRICT IN 2023, AND MANY CAPTAINS ENDED THEIR SEASON EARLY AFTER PROCESSORS ANNOUNCED A REDUCED PRICE PAID TO FISHERS FOR THEIR SALMON. WITH THE BRISTOL LADY OUT OF COMMISSION THIS SEASON, BBEDC CONTRACTED WITH NORTHLINE SEAFOODS TO ENSURE THE FLEET HAD ACCESS TO ICE ON THE EASTSIDE OF BRISTOL BAY VIA THE SM-3. NORTHLINE'S SM-3 PROVIDED SLURRY ICE IN THE NAKNEK DISTRICT, RATHER THAN THE TRADITIONAL FLAKE ICE. OVERALL, ICE DISTRIBUTION EFFORTS IN THE BAY WENT SMOOTHLY IN 2023, AND BBEDC LOOKS FORWARD TO CONTINUING ITS CHILLING OPERATIONS AND PARTNERSHIPS IN THE YEARS TO COME.FISHERIES HABITAT PROTECTION GRANTDESPITE THE SUCCESS AND EXCITEMENT OF THE EPA'S JANUARY 30, 2023, DETERMINATION UNDER SECTION 404(C) OF THE CLEAN WATER ACT TO PROHIBIT AND RESTRICT THE USE OF CERTAIN WATERS NEAR THE PEBBLE DEPOSIT, A GREAT DEAL OF WORK REMAINS TO ENSURE OUR WATERS ARE PROTECTED FROM ENVIRONMENTAL THREATS. UNITED TRIBES OF BRISTOL BAY (UTBB) AND COMMERCIAL FISHERMEN FOR BRISTOL BAY (CFBB) CONTINUED THEIR MISSIONS TO PROTECT BRISTOL BAY'S FISHERIES HABITAT. BBEDC GRANTED THEM EACH $150,000 TO ASSIST THEIR ONGOING EFFORTS TO ENGAGE AND EDUCATE FROM THE INDIVIDUAL TO THE FEDERAL LEVEL.VESSEL ACQUISITION PROGRAMRESIDENT'S SUCCESS IN THE FISHERY IS DEPENDENT UPON ACCESS TO THE NECESSARY EQUIPMENT, WHICH INCLUDES A VESSEL. ENHANCING THE ABILITY OF RESIDENTS TO OBTAIN A COMPETITIVE AND EFFICIENT VESSEL IS THE FOCUS OF THE VESSEL ACQUISITION PROGRAM. VESSEL MAY ALSO MEAN A LICENSABLE TRUCK PROVIDED THAT THE APPLICANT CAN DEMONSTRATE THAT A VEHICLE IS THE PRIMARY VESSEL FOR THEIR INDIVIDUAL FISHING OPERATION AT THE POINT OF HARVEST AND DELIVERY. THE PROGRAM CAN PROVIDE A DOWN PAYMENT GRANT, INTEREST SUBSIDY, EQUITY ASSISTANCE, RSW INCENTIVE, TRAINING, AND TECHNICAL BUSINESS COUNSELING. APPLICANTS MUST BE ABLE TO OBTAIN A LOAN THROUGH AN ESTABLISHED LENDING INSTITUTE. IN 2023, FIVE RESIDENT DRIFT FISHERS AND ONE RESIDENT SET FISHER ENTERED THE PROGRAM, BRINGING THE TOTAL CUMULATIVE PROGRAM PARTICIPANTS TO 38. THIRTY-FIVE OF THE PARTICIPANTS REMAIN ACTIVE WHILE THREE HAVE GRADUATED FROM THE PROGRAM. THE CUMULATIVE INVESTMENT BY BBEDC IN 2023 WAS $440,706 FOR DOWN PAYMENT GRANTS, RSW INCENTIVE AND COMMITTED ANNUAL "SWEAT" EQUITY, AND INTEREST SUBSIDIES. PERMIT LOAN PROGRAMLIMITED ENTRY SALMON PERMITS HELD BY BRISTOL BAY WATERSHED RESIDENTS HAVE DECLINED SINCE THE ORIGINAL INCEPTION IN 1975. THAT DECLINE HAS SEVERELY DIMINISHED THE OVERALL COMMERCIAL SALMON FISHING INCOME GENERATED BY RESIDENTS MAKING OUT-MIGRATION OF PERMITS ONE OF THE MOST DETRIMENTAL ECONOMIC EVENTS IN THE BRISTOL BAY REGION. RETAINING AND RETURNING LIMITED ENTRY PERMITS TO THE REGION CONTINUES TO BE A BBEDC PRIORITY. THE PERMIT LOAN PROGRAM ENHANCES RESIDENTS' ABILITY TO PURCHASE AND SUCCESSFULLY OPERATE A LIMITED ENTRY SALMON PERMIT THROUGH A MENU OF FINANCIAL AND TECHNICAL SERVICES INCLUDING LOAN GUARANTEE, DOWN PAYMENT GRANT, INTEREST ASSISTANCE, PRINCIPAL REDUCTION ASSISTANCE, TECHNICAL ASSISTANCE AND/OR TRAINING TO SUCCESSFUL APPLICANTS. PARTICIPANTS ARE SELECTED THROUGH AN EVALUATIVE PROCESS AND THE PROGRAM IS UNIQUE IN THAT IT IS AVAILABLE TO RESIDENTS OF ALL THE 25 BRISTOL BAY WATERSHED COMMUNITIES. FOUR NEW PARTICIPANTS WERE ADDED IN 2023 WHICH BROUGHT THE TOTAL CUMULATIVE NUMBER OF PARTICIPANTS TO 76. AS OF 2023, SIXTY-ONE CONTINUE TO PARTICIPATE IN THE PROGRAM. BBEDC INVESTED A TOTAL OF $340,011 FOR NEW ENTRIES, COMMITTED EQUITY ASSISTANCE (SWEAT EQUITY) AND INTEREST SUBSIDY.
(Code:   ) (Expenses $ 3,646,698 including grants of $ 744,100 ) (Revenue $ -4,118,991 )
COMMUNITY/GROUP TRAINING THE COMMUNITY/GROUP TRAINING PROGRAM IS AVAILABLE TO LOCAL VILLAGE, CITY, BOROUGH GOVERNMENTS AND KNOWN TRAINING PROVIDERS. THIS PROGRAM WORKS WITH SPONSORING ENTITIES TO SUPPORT TRAINING THAT BENEFITS THE REGION'S WORKFORCE AND FISHERIES. ALTHOUGH SOME TRAINING OCCURS OUTSIDE THE REGION, MORE AND MORE ORGANIZATIONS ARE FINDING WAYS TO HOST TRAINING WITHIN THE REGION AND HELP KEEP THE COSTS LOWER FOR RESIDENTS WHO WISH TO ATTEND. THERE WERE FIVE ORGANIZATIONS THAT PARTICIPATED IN THIS PROGRAM IN 2023 WHICH BENEFITED 167 PARTICIPANTS FROM 9 DIFFERENT COMMUNITIES IN THE BRISTOL BAY AREA. IN-REGION INTERNSHIP PROGRAMIN-REGION INTERNSHIPS ARE FOR LEARNING AND EXPERIENCING ANY GIVEN FIELD OF WORK, EITHER BECAUSE RESIDENTS ARE REQUIRED TO DO SO FOR THEIR EDUCATIONAL PURSUIT, OR FOR SOMEONE WITH PRIOR WORK EXPERIENCE WHO IS INTERESTED IN GAINING IN-DEPTH KNOWLEDGE ABOUT A PARTICULAR JOB OR CAREER. THREE RESIDENTS PARTICIPATED IN THE PROGRAM IN 2023 AND BBEDC REIMBURSED EMPLOYERS $47,217 IN WAGES AND ELIGIBLE EMPLOYMENT TAXES RELATED TO THE POSITIONS.NURSING PROGRAM SUPPORTTHROUGH COLLABORATION WITH THE UNIVERSITY OF ALASKA FAIRBANKS(UAF) BRISTOL BAY CAMPUS, UNIVERSITY OF ALASKA ANCHORAGE CAN ADMIT A COHORT OF STUDENTS INTO THE SCHOOL OF NURSING ASSOCIATES OF APPLIED SCIENCES (AAS) PROGRAM. THIS DEGREE PROGRAM ACCEPTS COHORTS OF STUDENTS EVERY OTHER YEAR WITH THE NEXT COHORT SCHEDULED TO START FALL SEMESTER 2025. THIS GIVES ANYONE WHO IS INTERESTED, TIME TO WORK ON THE PRE-REQUISITES THROUGH UAF'S PRE-NURSING CERTIFICATION PROGRAM AND IS OPEN TO NEW APPLICANTS EVERY SEMESTER. IN 2023, BBEDC SUPPORTED THE NURSING PROGRAM BY PROVIDING $17,500 TO HELP PAY FOR COSTS ASSOCIATED WITH INSTRUCTION AND CLINICAL MATERIALS FOR HANDS-ON LEARNING.SOUTHWEST ALASKA VOCATIONAL EDUCATION CENTER (SAVEC) THE SOUTHWEST ALASKA VOCATIONAL EDUCATION CENTER (SAVEC) IS AN ORGANIZATION WITHIN BRISTOL BAY THAT WAS ESTABLISHED TO PROVIDE TRAINING DIRECTLY RELATED TO THE LOCAL WORKFORCE NEEDS. THE STAFF WORK DIRECTLY WITH ORGANIZATIONS TO HELP COORDINATE TRAININGS BY HELPING WITH SCHEDULING, ORDERING SUPPLIES, WORKING ON TRAVEL FOR RESIDENT PARTICIPANTS, AND MORE. SAVEC OFFERS TRAINING OPPORTUNITIES VIRTUALLY, IN-PERSON AT THE NAKNEK HEADQUARTERS, OR IN THE COMMUNITY WITH TRAINING NEEDS. SAVEC HOSTED OR ORGANIZED 11 TRAININGS IN 2023 AND PROVIDED 87 RESIDENTS WITH VALUABLE EDUCATION AND SKILLS. BBEDC SUPPORT TOTALED $140,002, BENEFITING 8 SEPARATE COMMUNITIES THAT THE PARTICIPANTS LIVE IN. VOCATIONAL/TECHNICAL TRAINING PROGRAMTHE VOCATIONAL/TECHNICAL TRAINING PROGRAM IS FOR RESIDENTS WHO ARE INTERESTED IN TRAINING, CERTIFICATIONS, OR CONTINUING THEIR EDUCATION TO EITHER MAINTAIN AND ENHANCE THEIR CURRENT SKILL SET OR A NEW SKILL ALL TOGETHER. RESIDENTS ARE ELIGIBLE FOR UP TO $5,000 ANNUALLY TO COVER TUITION, ASSOCIATED COSTS, AND TRAVEL EXPENSES. SINCE THE VARIETY OF TRAININGS RESIDENTS MAY BE INTERESTED IN CAN OCCUR AT ANY TIME THROUGHOUT THE YEAR, BBEDC JUST REQUIRES APPLICATIONS TO BE COMPLETE AND SUBMITTED AT LEAST 7 FULL BUSINESS DAYS BEFORE THE START DATE. THIRTY-FOUR RESIDENTS PARTICIPATED IN THIS PROGRAM IN 2023 WITH $119,275 OF THE ELIGIBLE EXPENSES COVERED BY BBEDC. YOUTH INTERNSHIP PROGRAMBBEDC WORKS WITH ORGANIZATIONS IN THE REGION TO HELP SUPPORT THE FUTURE OF THE WORKFORCE THROUGH THE YOUTH INTERNSHIP PROGRAM. THIS SHORT-TERM INTERNSHIP CAN BE ANYWHERE FROM 4 TO 16 WEEKS AND IS AN OPPORTUNITY TO LEARN SKILLS THAT WILL HELP YOUTH IN THEIR FUTURE JOBS. THE INTERNSHIP IS ALSO A CHANCE FOR SOME YOUTH TO APPLY FOR AND INTERVIEW FOR THEIR FIRST JOBS EVER, WHICH ARE BOTH SKILLS THAT NEED TO BE LEARNED AND PRACTICED AS PART OF THE WHOLE EXPERIENCE. BBEDC SUPPORTED 17 INTERNS AROUND THE REGION, REIMBURSING LOCAL BUSINESSES $65,474 FOR WAGES AND ELIGIBLE ASSOCIATED COSTS IN 2023. SEASONAL EMPLOYMENT PROGRAMBBEDC WORKS WITH EMPLOYERS AROUND THE REGION TO CREATE SHORT-TERM EMPLOYMENT OPPORTUNITIES THAT GIVE RESIDENTS EXPERIENCE IN ENTRY LEVEL POSITIONS. THE SEASONAL EMPLOYMENT PROGRAM IS FOR POSITIONS LASTING BETWEEN 4-16 WEEKS AND IS AVAILABLE AT ANY TIME DURING THE YEAR. BBEDC WORKS WITH EMPLOYERS TO ADVERTISE EMPLOYMENT POSITIONS AND THEN ASSISTS RESIDENTS INTERESTED IN APPLYING AND INTERVIEWING. ALTHOUGH SEASONAL POSITIONS ARE MORE COMMON DURING THE REGION'S BUSIER SUMMER MONTHS, THERE ARE ALSO BUSINESSES IN THE SPRING AND WINTER MONTHS THAT OFFER POSITIONS. THERE WERE 46 POSITIONS ADVERTISED IN 7 COMMUNITIES IN THE BBEDC SERVICE AREA IN 2023. TWENTY-SEVEN OF THE POSITIONS WERE FILLED BY RESIDENTS AND BBEDC REIMBURSED EMPLOYERS A TOTAL OF $229,018 FOR ELIGIBLE EMPLOYMENT COSTS.
4d Other program services (Describe in Schedule O.)
(Expenses $ 3,646,698 including grants of $ 744,100 ) (Revenue $ -4,118,991 )
4e Total program service expenses18,026,399
Form 990 (2023)
Form 990 (2023)
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 Rev. Proc. 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
List of Attached Documents:
// Content
.........................
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
List of Attached Documents:
// Content
....
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
List of Attached Documents:
// Content
..............
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
List of Attached Documents:
// Content
..............
9
 
No
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 V......
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
List of Attached Documents:
// Content
...................
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
List of Attached Documents:
// Content
.......
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
List of Attached Documents:
// Content
.......
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
List of Attached Documents:
// Content
............
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XIIClick to see attachment
List of Attached Documents:
// Content
......................
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
21
Yes
 
Form 990 (2023)
Form 990 (2023)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
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
List of Attached Documents:
// Content
22
Yes
 
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
25b
 
No
26
Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part IIClick to see attachment
List of Attached Documents:
// Content
...........
26
 
No
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L, Part IIIClick to see attachment
List of Attached Documents:
// Content
.........................
27
Yes
 
28
Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................Click to see attachment
List of Attached Documents:
// Content
28a
 
No
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....Click to see attachment
List of Attached Documents:
// Content
28b
 
No
c
A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
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
List of Attached Documents:
// Content
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............. Click to see attachment
List of Attached Documents:
// Content
36
Yes
 
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
List of Attached Documents:
// Content
37
Yes
 
38
Did the organization complete Schedule O and provide explanations on 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
72
b
Enter the number of Forms W-2G included on 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 (2023)
Form 990 (2023)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
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
35
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
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:
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
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
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 the 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
17
Section 501(c)(21) organizations. Did the trust, or any disqualified or other person engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.
17
 
 
Form 990 (2023)
Form 990 (2023)
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
20
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 on 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 on 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 on 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 filed
18
Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 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:
ELIZABETH PROUT411 FIRST AVENUE EAST PO BOX 1464   DILLINGHAM,AK99576 (907) 842-4370
Form 990 (2023)
Form 990 (2023)
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 the 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, box 6 of Form 1099-MISC, and/or box 1 of Form 1099-NEC) 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.

See the instructions for the order in which to list the persons above.
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/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(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) MICHAEL LINK......................................................................
EXECUTIVE DIRECTOR
 0.00
.................
40.00 		X   X       268,672 0 61,378
(2) JOHN CHRISTENSEN......................................................................
BOARD MEMBER
 0.90
.................
0.00 		X           500 0 0
(3) LOUIE ALAKAYAK SR......................................................................
BOARD MEMBER
 1.44
.................
0.00 		X           4,000 0 0
(4) HATTIE ALBECKER......................................................................
SECRETARY
 6.12
.................
0.72 		X   X       14,917 0 0
(5) FRED T ANGASAN SR......................................................................
BOARD MEMBER
 1.98
.................
0.00 		X           7,500 0 0
(6) PETER ANGASAN SR......................................................................
BOARD MEMBER
 1.98
.................
0.00 		X           5,500 0 0
(7) JIMMY COOPCHIAK......................................................................
BOARD MEMBER
 0.90
.................
0.72 		X           9,666 0 0
(8) BETTY GARDINER......................................................................
BOARD MEMBER
 1.62
.................
0.90 		X           6,500 0 0
(9) ROBERT HEYANO......................................................................
TREASURER
 4.14
.................
0.00 		X   X       11,917 0 0
(10) GUSTY ILUTSIK JR......................................................................
BOARD MEMBER
 1.44
.................
0.00 		X           6,250 0 0
(11) MARYANN JOHNSON......................................................................
BOARD MEMBER
 3.42
.................
1.62 		X           12,500 0 0
(12) RICHARD KING......................................................................
BOARD MEMBER
 1.80
.................
0.00 		X           5,000 0 0
(13) GERDA KOSBRUK......................................................................
CHAIR BEG NOV 2023
 6.48
.................
1.62 		X           18,750 0 0
(14) H ROBIN SAMUELSEN JR......................................................................
CHAIR THRU NOV 2023
 13.50
.................
0.72 		X   X       47,083 0 0
(15) VICTOR SEYBERT......................................................................
BOARD MEMBER
 5.94
.................
0.72 		X           13,750 0 0
(16) FRITZ SHARP......................................................................
BOARD MEMBER
 1.80
.................
0.90 		X           9,750 0 0
(17) ALEXANDER TALLEKPALEK......................................................................
BOARD MEMBER
 1.80
.................
0.00 		X           6,500 0 0
Form 990 (2023)
Form 990 (2023)
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/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(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) WILLIAM YOST........................................................................
BOARD MEMBER
 0.36
.......................0.00 		X           1,000 0 0
(19) ERIN PETERS........................................................................
BOARD MEMBER
 1.44
.......................0.00 		X           4,000 0 0
(20) TEODORO PAUK........................................................................
BOARD MEMBER
 1.80
.......................0.00 		X           0 0 0
(21) CLIFFORD TUBBS........................................................................
FINANCE OFFICER
 40.00
.......................0.00 		    X       154,852 0 24,050
(22) CHRISTOPHER NAPOLI........................................................................
CAO
 40.00
.......................0.00 		    X       149,557 0 30,512
(23) STACI FIESER........................................................................
CFO
 40.00
.......................0.00 		    X       172,472 0 56,709
(24) ALICE RUBY........................................................................
PROGRAM DIRECTOR
 40.00
.......................0.00 		        X   124,464 0 27,088












1b Sub-Total..............
c Total from continuation sheets to Part VII, Section A..
d Total (add lines 1b and 1c)......... 1,055,100 0 199,737
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 5
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
ZACHARY SCOTT & CO

1200 FIFTH AVE
SEATTLE,WA98101 		CONSULTING 835,802
KPMG LLP

DEPT 0922 PO BOX 120922
DALLAS,TX753120922 		PROFESSIONAL SERVICES 622,327
ADAMS AND REESE LLP

701 POYDRAS STREET STE 4500
NEW ORLEANS,LA70139 		CONSULTING 102,000
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 3
Form 990 (2023)
Form 990 (2023)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, Grants, and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and similar amounts not included above1f  
g Noncash contributions included in lines 1a - 1f:$ 1g  
h Total. Add lines 1a-1f.......  
Program Service RevenueAmt Business Code
2a CDQ ROYALTIES 110000 14,113,183 22,071,797 -7,958,614  
b IFQ ROYALTIES 110000 647,704 647,704    
c FISHING RIGHTS REVENUE 110000 58,846 58,846    
d FISHING OPERATIONS 110000 58,333 58,333    
e EQUITY IN AFFIL EARNIN 110000 -4,889,344 -4,889,344    
f All other program service revenue.        
g Total. Add lines 2a–2f ..... 9,988,722
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ...... 5,495,825     5,495,825
4 Income from investment of tax-exempt bond proceeds        
5 Royalties...........        
(i) Real (ii) Personal
6a Gross rents 6a    
b Less: rental expenses 6b    
c Rental income or (loss) 6c    
d Net rental income or (loss).......        
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 7a 52,313,080 262,053
b Less: cost or other basis and sales expenses 7b 48,064,824 0
c Gain or (loss) 7c 4,248,256 262,053
d Net gain or (loss)......... 4,510,309     4,510,309
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
8a  
b Less: direct expenses ... 8b  
c Net income or (loss) from fundraising events..      
9a Gross income from gaming activities.
See Part IV, line 19 ...
9a  
b Less: direct expenses ... 9b  
c Net income or (loss) from gaming activities..        
10a Gross sales of inventory, less
returns and allowances ..
10a  
b Less: cost of goods sold .. 10b  
c Net income or (loss) from sales of inventory..        
OtherRevenueMiscAmt
Business Code
11a ICE SALES FROM BARGES 110000 20,448 20,448    
b MISCELLANEOUS 110000 5,470 5,470    
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... 25,918
12 Total revenue. See instructions..... 20,020,774 17,973,254 -7,958,614 10,006,134
Form 990 (2023)
Form 990 (2023)
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 .... 8,615,383 8,615,383
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ........... 2,755,196 2,755,196
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............    
4 Benefits paid to or for members .......    
5 Compensation of current officers, directors, trustees, and key employees ........... 184,583   184,583  
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........        
7 Other salaries and wages........ 1,849,564 658,192 1,191,372  
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 115,256 30,270 84,986  
9 Other employee benefits ....... 285,666 104,435 181,231  
10 Payroll taxes ........... 192,894 89,890 103,004  
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 162,072 127,808 34,264  
c Accounting ........... 678,088   678,088  
d Lobbying ...........        
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 316,446 316,446    
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 1,347,834 1,136,204 211,630  
12 Advertising and promotion .... 14,613 9,381 5,232  
13 Office expenses ....... 230,260 93,953 136,307  
14 Information technology ...... 21,225 1,845 19,380  
15 Royalties ..        
16 Occupancy ........... 157,013   157,013  
17 Travel ............ 392,369 101,105 291,264  
18 Payments of travel or entertainment expenses for any federal, state, or local public officials .        
19 Conferences, conventions, and meetings .... 1,755 271 1,484  
20 Interest ...........        
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization .. 531,066 393,087 137,979  
23 Insurance ... 87,991 140 87,851  
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 FISHING IMPAIRMENT LOSS 3,166,645 3,166,645    
b FUEL, GAS & OIL 348,687 348,687    
c UBI TAX EXPENSE 154,071 146,577 7,494  
d MISCELLANEOUS 43,579 -69,116 112,695  
e All other expenses        
25 Total functional expenses. Add lines 1 through 24e 21,652,256 18,026,399 3,625,857 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 if following SOP 98-2 (ASC 958-720).        
Form 990 (2023)
Form 990 (2023)
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 ........   1  
2 Savings and temporary cash investments ......... 35,072,566 2 38,987,137
3 Pledges and grants receivable, net ......   3  
4 Accounts receivable, net ............. 14,756,309 4 12,991,513
5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
  6  
7 Notes and loans receivable, net ........... 402,413 7 18,077,913
8 Inventories for sale or use ............   8  
9 Prepaid expenses and deferred charges ...... 126,923 9 1,644,246
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 9,323,761
b Less: accumulated depreciation 10b 5,914,253 5,008,226 10c 3,409,508
11 Investments—publicly traded securities . 114,550,860 11 126,174,293
12 Investments—other securities. See Part IV, line 11 .....   12  
13 Investments—program-related. See Part IV, line 11 .. 149,820,730 13 128,732,668
14 Intangible assets ............... 63,579,523 14 63,579,523
15 Other assets. See Part IV, line 11 ........... 1,282,809 15 1,362,205
16 Total assets. Add lines 1 through 15 (must equal line 33)... 384,600,359 16 394,959,006
Liabilities 17 Accounts payable and accrued expenses ..... 1,465,354 17 2,641,525
18 Grants payable ...   18  
19 Deferred revenue .........   19  
20 Tax-exempt bond liabilities .........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D   21  
22 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
  22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ..   24  
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 1,179,026 25 656,029
26 Total liabilities. Add lines 17 through 25.. 2,644,380 26 3,297,554
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions .......... 381,955,979 27 391,661,452
28 Net assets with donor restrictions ...........   28  
Organizations that do not follow FASB ASC 958, check here right arrow and complete lines 29 through 33.
29 Capital stock or trust principal, or current funds .....   29  
30 Paid-in or capital surplus, or land, building or equipment fund ...   30  
31 Retained earnings, endowment, accumulated income, or other funds   31  
32 Total net assets or fund balances ........... 381,955,979 32 391,661,452
33 Total liabilities and net assets/fund balances ........ 384,600,359 33 394,959,006
Form 990 (2023)
Form 990 (2023)
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
20,020,774
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
21,652,256
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
-1,631,482
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
381,955,979
5
Net unrealized gains (losses) on investments ...............
5
11,068,952
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
268,003
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
391,661,452
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 on
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 Uniform Guidance, 2 C.F.R. Part 200, Subpart F?
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 (2023)
Form 990 (2023)
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
right arrow 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.
right arrow Attach to Form 990.
right arrow Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
Name of the organization
BRISTOL BAY ECONOMIC DEVELOPMENT CORP
 
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 July 25, 2006, 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 right arrow  
4
Number of states where property subject to conservation easement is located right arrow  
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
right arrow  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow $  
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 FASB 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 FASB 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 .........................right arrow $  
(ii)
Assets included in Form 990, Part X ...............................right arrow $  
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 FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................right arrow $  
b
Assets included in Form 990, Part X ...............................right arrow $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2022

Schedule D (Form 990) 2022
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 right arrow  
b
Permanent endowment right arrow  
c
Term endowment right arrow  
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 ....   1,771,370 708,107 1,063,263
c Leasehold improvements        
d Equipment ....   477,884 418,730 59,154
e Other .....   6,872,108 4,787,416 2,084,692
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..right arrow 3,409,508
Schedule D (Form 990) 2022

Schedule D (Form 990) 2022
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.)right arrow  
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 UNCONSOLIDATED AFFILIATES 75,942,924 C
(2)INVESTMENT IN IFQS 31,287,548 C
(3)INVESTMENT IN FISHING RIGHTS 2,289,559 C
(4)INVESTMENT IN CONSOLIDATED AFFILIATES 19,212,637 F
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)right arrow 128,732,668
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.)...........right arrow  
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  
ACCOUNTS PAYABLE TO AFFILIATE 656,029








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)right arrow 656,029
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) 2022

Schedule D (Form 990) 2022
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 31,041,283
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a 11,068,952
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ........... 2d 268,003
e Add lines 2a through 2d ..................... 2e 11,336,955
3 Subtract line 2e from line 1.................. 3 19,704,328
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 316,446
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b.................... 4c 316,446
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 20,020,774
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 21,335,810
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 0
3 Subtract line 2e from line 1................... 3 21,335,810
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 316,446
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b..................... 4c 316,446
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 21,652,256
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 X, LINE 2: THE COMPANY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER PROVISIONS OF SECTIONS 501(C)(4) AND ITS WHOLLY OWNED SUBSIDIARIES BBSRI AND HSST UNDER THE PROVISIONS OF 501(C)(3) OF THE INTERNAL REVENUE CODE. A TAX PROVISION IS MADE FOR THE ACTIVITIES OF THE COMPANY S INVESTEES THAT OCCUR OUTSIDE OF THE AREA ENVISIONED BY THE GOVERNING FEDERAL REGULATION AS WELL AS FOR THE NET INVESTMENT INCOME OF THE HSST. MANAGEMENT HAS CONCLUDED THAT THE COMPANY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS.
PART XI, LINE 2D - OTHER ADJUSTMENTS: EQUITY IN EARNINGS OF ENTITIES CONDOLIDATED FOR AFS 268,003.
Schedule D (Form 990) 2022


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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
2023
Open to Public
Inspection
Name of the organization
BRISTOL BAY ECONOMIC DEVELOPMENT CORP
 
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
PO BOX 115
ALEKNAGIK,AK99555 		94-2857786 TRIBAL COUNCIL 844,148 0     CBG DRAWDOWN, YOUTH PROGRAM, COMMUNITY LIASON
(2) BRISTOL BAY BOROUGH
PO BOX 169
NAKNEK,AK99633 		92-0029587 STATE OF ALASKA 14,246 0     SEASONAL EMPLOYMENT
(3) BRISTOL BAY HISTORICAL SOCIETY
PO BOX 250
NAKNEK,AK99633 		51-0174974 501 (C) (3) 24,830 0     SEASONAL EMPLOYMENT
(4) BRISTOL BAY NATIVE ASSOCIATION
PO BOX 310
DILLINGHAM,AK99576 		92-0041473 501 (C) (3) 34,200 0     YOUTH INTERNSHIP
(5) CITY OF ALEKNAGIK
PO BOX 33
ALEKNAGIK,AK99555 		92-0079021 CITY 28,111 0     SEASONAL EMPLOYMENT
(6) CITY OF DILLINGHAM
PO BOX 889
DILLINGHAM,AK99576 		92-0030674 CITY 90,504 0     HEAVY EQUIPMENT AND EMT TRAINING, SEASONAL EMPLOYMENT, YOUTH INTERNSHIP
(7) CITY OF EKWOK
PO BOX 49
EKWOK,AK99580 		92-0086143 CITY 18,814 0     SEASONAL EMPLOYMENT
(8) CITY OF MANOKOTAK
PO BOX 170
MANOKOTAK,AK99628 		92-0037650 CITY 62,200 0     ARTIC TERN AND COMMUNITY LIASON
(9) CLARKS POINT VILLAGE COUNCIL
PO BOX 9
CLARKS POINT,AK99569 		92-0073206 TRIBAL COUNCIL 866,056 0     CBG DRAWDOWN,ARTIC TERN AND COMMUNITY LIASON
(10) CURYUNG TRIBAL COUNCIL
PO BOX 216
DILLINGHAM,AK99576 		92-0699002 TRIBAL COUNCIL 679,363 0     CBG DRAWDOWN,ARTIC TERN AND COMMUNITY LIASON
(11) DILLINGHAM CITY SCHOOL DISTRICT
PO BOX 170
DILLINGHAM,AK99576 		92-0031132 STATE OF ALASKA 9,492 0     YOUTH PROGRAM
(12) EGEGIK VILLAGE COUNCIL
PO BOX 19
EGEGIK,AK99579 		92-0063332 TRIBAL COUNCIL 58,700 0     COMMUNITY LIASON
(13) EKUK VILLAGE COUNCIL
PO BOX 530
DILLINGHAM,AK99576 		92-0163114 TRIBAL COUNCIL 265,801 0     CBG DRAWDOWN,ARTIC TERN AND COMMUNITY LIASON
(14) EKWOK NATIVES LIMITED
PO BOX 29
EKWOK,AK99580 		92-0049722 501(C)(3) 15,978 0     YOUTH PROGRAM
(15) EKWOK VILLAGE COUNCIL
PO BOX 70
EKWOK,AK99580 		94-3057295 TRIBAL COUNCIL 523,025 0     CBG DRAWDOWN,ARTIC TERN, COMMUNITY LIASON, SEASONAL EMPLOYMENT
(16) LAKE & PENINSULA SCHOOL DISTRICT
PO BOX 498
KING SALMON,AK99613 		92-0057379 STATE OF ALASKA 150,000 0     COMNTINUING TECHICAL EDUCATION
(17) KING SALMON TRIBAL COUNCIL
PO BOX 68
KING SALMON,AK99613 		92-0177073 TRIBAL COUNCIL 287,500 0     CBG DRAWDOWN, COMMUNITY LIASON
(18) LEVELOCK VILLAGE COUNCIL
PO BOX 70
LEVELOCK,AK99625 		92-0074206 TRIBAL COUNCIL 185,450 0     CBG DRAWDOWN, COMMUNITY LIASON
(19) MANOKOTAK VILLAGE COUNCIL
PO BOX 169
MANOKOTAK,AK99628 		92-0124434 TRIBAL COUNCIL 410,729 0     SEASONAL EMPLOYMENT
(20) NAKNEK VILLAGE COUNCIL
PO BOX 106
NAKNEK,AK99633 		92-0058661 TRIBAL COUNCIL 626,249 0     CBG DRAWDOWN, COMMUNITY LIASON, ARTIC TERN
(21) NATIVE VILLAGE OF PORT HEIDEN
PO BOX 49007
PORT HEIDEN,AK99549 		92-0059922 TRIBAL COUNCIL 144,900 0     CBG DRAWDOWN, COMMUNITY LIASON, ARTIC TERN
(22) PILOT POINT TRIBAL COUNCIL
PO BOX 449
PILOT POINT,AK99649 		99-0143318 TRIBAL COUNCIL 1,156,498 0     CBG DRAWDOWN, COMMUNITY LIASON
(23) PORTAGE CREEK VILLAGE COUNCIL
1762 ABBOTT ROAD
ANCHORAGE,AK99507 		92-0070857 TRIBAL COUNCIL 6,000 0     ARTIC TERN
(24) SAFE & FEAR-FREE ENVIRONMENT INC
PO BOX 94
DILLINGHAM,AK99576 		92-0088380 501 (C) (3) 12,697 0     SEASONAL EMPLOYMENT, YOUTH PROGRAM
(25) SOUTHWEST ALASKA VOC ED CENTER
PO BOX 615
KING SALMOM,AK99613 		92-0174741 501 (C) (3) 140,002 0     VOCATIONAL EDUCATION
(26) TRADITIONAL COUNCIL OF TOGIAK
PO BOX 310
TOGIAK,AK99678 		92-0113885 TRIBAL COUNCIL 198,534 0     CBG DRAWDOWN, COMMUNITY LIASON
(27) TWIN HILLS VILLAGE COUNCIL
PO BOX TWA
TWIN HILLS,AK99576 		92-0062296 TRIBAL COUNCIL 105,580 0     CBG DRAWDOWN, COMMUNITY LIASON AND ARTIC TERN
(28) UAF - BRISTOL BAY CAMPUS
PO BOX 1070
DILLINGHAM,AK99576 		92-6000147   43,863 0     VOCATIONAL EDUCATION
(29) UGASHIK TRADITIONAL VILLAGE
2525 BLUEBERRY ROAD
ANCHORAGE,AK99503 		92-0160597 TRIBAL COUNCIL 724,745 0     CBG DRAWDOWN, COMMUNITY LIASON, FIRST AID TRAINING, ARTIC TERN
(30) UNITED TRIBES OF BRISTOL BAY
PO BOX 1252
DILLINGHAM,AK99576 		30-0785358 TRIBAL COUNCIL 313,525 0     CFBB PROGRAM, UTBB FINANCIAL ASSISTANCE, SUSTAINABILITY SUMMIT, SEASONAL EMPLOYMENT
(31) UNIVERSITY OF ALASKA FOUNDATION
PO BOX 755080
FAIRBANKS,AK99775 		23-7394620 501(C)(3) 57,500 0     BRISTOL BAY CONTINUING EDUCATION FUND, BRISTOL BAY NURSING FUND
(32) ALASKA WEST SUPPLY INC
PO BOX 1069
DILLINGHAM,AK99576 		92-0149719   12,101 0     SEASONAL EMPLOYMENT
(33) CHEN XUETAO
PO BOX 142
NAKNEK,AK99633 		88-1204968   5,294 0     SEASONAL EMPLOYMENT
(34) CHINOOK GIFTS LLC
PO BOX 315
KING SALMON,AK99613 		92-3014754   17,262 0     SEASONAL EMPLOYMENT
(35) GOING THE DISTANCE LLC
PO BOX 1428
DILLINGHAM,AK99576 		47-1112363   9,131 0     YOUTH INTERN
(36) BRISTOL BAY SCIENCE AND RESEARCH INSTITUTE
PO BOX 1464
DILLINGHAM,AK99576 		92-0168036 501(C)(3) 1,000,000 0     PROGRAM SUPPORT
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
31
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
5
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2023

Schedule I (Form 990) 2023
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 124 297,000      
(2) VESSEL ACQUISITION PROGRAM 35 440,706      
(3) VESSEL UPGRADE 56 1,008,252      
(4) EMERGENCY TRANSFER 19 97,500      
(5) TAX ASSISTANCE 844 126,600      
(6) PRE SEASON ADVANCE 31 151,806      
(7) VOCATIONAL /TECH TRAINING 34 119,275      
(8) INTREST RATE ASSISTANCE 18 41,107      
(9) RSW PURHASE PROGRAM 2 44,000      
(10) RSW FLEET SUPPORT 19 14,223      
(11) PERSONAL FINANCE 36 15,710      
(12) STUDENT LOAN FORGIVENESS 1 6,571      
(13) COLLEGE DEVELOPMENT FUND 37 41,704      
(14) PERMIT LOAN AND VAP TECH ASSISTANCE 61 340,011      
(15) TARPS 2   2,462 BOOK TARPS
(16) TOTES FOR ICE FISHING 4   7,074 BOOK TOTES FOR ICE FISHING
(17) SLUSH BAGS FOR ICING FISH 2   1,195 BOOK SLUSH BAGS FOR ICING FISH
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
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) 2023



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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
medium right arrow graphic Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic Attach to Form 990.
medium right arrow graphic Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
Name of the organization
BRISTOL BAY ECONOMIC DEVELOPMENT CORP
 
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 on 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 on 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) 2023

Schedule J (Form 990) 2023
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, 1099-MISC compensation, and/or 1099-NEC (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
1MICHAEL LINK
EXECUTIVE DIRECTOR 		(i)

(ii)		 268,172
-------------
0 		500
-------------
0 		0
-------------
0 		11,250
-------------
0 		50,128
-------------
0 		330,050
-------------
0 		0
-------------
0
2STACI FIESER
CFO 		(i)

(ii)		 171,972
-------------
0 		500
-------------
0 		0
-------------
0 		7,500
-------------
0 		49,209
-------------
0 		229,181
-------------
0 		0
-------------
0
3CHRISTOPHER NAPOLI
CAO 		(i)

(ii)		 149,057
-------------
0 		500
-------------
0 		0
-------------
0 		11,250
-------------
0 		19,262
-------------
0 		180,069
-------------
0 		0
-------------
0
4CLIFFORD TUBBS
FINANCE OFFICER 		(i)

(ii)		 154,352
-------------
0 		500
-------------
0 		0
-------------
0 		6,000
-------------
0 		18,050
-------------
0 		178,902
-------------
0 		0
-------------
0
5ALICE RUBY
PROGRAM DIRECTOR 		(i)

(ii)		 123,964
-------------
0 		500
-------------
0 		0
-------------
0 		9,297
-------------
0 		17,791
-------------
0 		151,552
-------------
0 		0
-------------
0
Schedule J (Form 990) 2023

Schedule J (Form 990) 2023
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) 2023

Additional Data


Software ID:  
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Schedule L
(Form 990)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
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.
Attach to Form 990 or Form 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
Name of the organization
BRISTOL BAY ECONOMIC DEVELOPMENT CORP
 
Employer identification number

92-0142567
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 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 the organization managers or disqualified persons during the year under section 4958. ........................... $
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ $
 

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 ............... $  
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) LUKI ANDREW AKELKOK JR BROTHER IN LAW TO A BOARD MEMBER 5,000 GRANT 2023 PRE SEASON ADVANCE
(2) STEVEN ANGASAN BROTHER AND NEPHEW TO 2 BOARD MEMBERS 1,000 GRANT 2023 RSW SUPPORT
(3) STEVEN ANGASAN BROTHER AND NEPHEW TO 2 BOARD MEMBERS 35,000 GRANT 2023 VESSEL UPGRADE GRANT
(4) ELIZABETH CHIKLAK SISTER IN LAW TO A BOARD MEMBER 5,000 GRANT 2023 PRE SEASON ADVANCE
(5) TRISTON CHANEY NEPHEW AND GRANDSON TO 2 BOARD MEMEBRS 1,000 GRANT 2023 RSW SUPPORT
(6) ROBERT HEYANO BOARD MEMBER 1,000 GRANT 2023 RSW SUPPORT
(7) FANNIE LOGUSAK HALF SISTER TO BOARD MMEBER 12,655 GRANT 2023 VESSEL UPGRADE GRANT
(8) RONDA MOORE GRANDDAUGHTER TO BOARD MEMBER 17,500 GRANT 2023 VESSEL UPGRADE GRANT
(9) ALEXANDER TAKKEKPALEK BOARD MEMBER 11,000 GRANT 2023 VESSEL UPGRADE GRANT
(10) BRENT WETTER BROTHER IN LAW TO A BOARD MEMBER 17,500 GRANT 2024 VESSEL UPGRADE GRANT
(11) GUSTY WASSILY SON OF A BOARD MEMBER 68,500 GRANT 2025 VESSEL UPGRADE GRANT
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990) 2023
Schedule L (Form 990) 2023
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
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Schedule L (Form 990) 2023


Additional Data


Software ID:  
Software Version:  




SCHEDULE O
(Form 990)

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.
Attach to Form 990 or 990-EZ.
 Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Open to Public
Inspection
Name of the organization
BRISTOL BAY ECONOMIC DEVELOPMENT CORP
 
Employer identification number

92-0142567
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 2 PETER ANGASAN, SR. AND FRED ANGASAN, SR. HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE RETURN, A DRAFT OF THE FORM 990 TAX RETURN WILL BE SUBMITTED TO THE CHIEF FINANCIAL OFFICER (CFO) BY THE TAX PREPARER. THIS DRAFT WILL BE REVIEWED BY THE CFO AND STAFF. THE CFO WILL THEN HAVE THE PRESIDENT/CEO REVIEW THE DRAFT RETURN BEFORE AUTHORIZING THE TAX PREPARER TO FINALIZE THE RETURN. A COPY OF THE RETURN WILL BE PROVIDED TO THE BOARD MEMBERS UPON REQUEST.
FORM 990, PART VI, SECTION B, LINE 12C IN ANY SITUATION WHERE THERE IS A CONFLICT OR THE APPEARANCE OF CONFLICT, OR WHERE A BOARD MEMBER IS UNCERTAIN OF THE POSSIBILITY OF A CONFLICT, THE BOARD MEMBER OR EMPLOYEE SHOULD PROTECT HIMSELF/HERSELF BY IMMEDIATELY DISCUSSING THE MATTER FULLY AND FRANKLY WITH THE CHAIRMAN OR, IF THE MATTER ARISES DURING A BOARD MEETING, BY DISCLOSING THE MATTER TO THE FULL BOARD OF DIRECTORS. THE CHAIRMAN OR ANY OTHER BOARD MEMBER ARE ALSO ENCOURAGED TO RAISE ANY ISSUE KNOWN TO THEM TO ENSURE THAT ANY POTENTIAL CONFLICT IS KNOWN TO THE CORPORATION AND ITS BOARD IN A TIMELY MANNER. WHERE THERE IS DOUBT AS TO THE EXISTENCE OF A CONFLICT OF INTEREST, THE SITUATION SHOULD BE FULLY EXPLAINED IN WRITING IN ADVANCE OF ANY BOARD MEETING. IF NECESSARY, THE CHAIRMAN WILL APPOINT A THREE-MEMBER AD HOC COMMITTEE OF MEMBERS OF THE BOARD OF DIRECTORS TO MAKE A RECOMMENDATION TO THE BOARD OF DIRECTORS ON THE MATTER AT THE NEXT BOARD MEETING. THE COMMITTEE WILL DISCUSS THE MATTER WITH THE CORPORATION'S GENERAL COUNSEL. THE DECISION OF THE BOARD OF DIRECTORS IS BINDING. BOARD MEMBERS ARE REQUIRED TO DECLARE A CONFLICT OF INTEREST ON EACH AND EVERY VOTE THEY TAKE IF ONE EXISTS.
FORM 990, PART VI, SECTION B, LINE 15 THE BOARD SETS THE BEGINNING SALARY RANGE FOR THE POSITION OF THE PRESIDENT/CEO BASED ON A LOCAL SALARY SURVEY. THE LAST SALARY SURVEY WAS PERFORMED IN 2019. THIS SALARY RANGE IS ADJUSTED PERIODICALLY AS LOCAL SALARIES IN THE REGION CHANGE. EACH YEAR THE BOARD GOES INTO EXECUTIVE SESSION TO EVALUATE THE PRESIDENT/CEO'S PERFORMANCE OVER THE PAST YEAR AND THE CONTRACT RENEWAL AND COMPENSATION, IF TIME TO RENEW. THE CURRENT PRESIDENT/CEO CONTRACT IS FOR A 3 YEAR TERM. IN ADDITION, THE BOARD TAKES INTO CONSIDERATION ITS POLICY OF UP TO A 4% MERIT INCREASE EACH YEAR. AT THE CONCLUSION OF THE PRESIDENT/CEO'S EVALUATION, THE PRESIDENT/CEO IS REQUIRED TO LEAVE THE ROOM SO THAT THE REMAINING BOARD MAY HAVE CONFIDENTIAL DISCUSSIONS. MOTION IS MADE TO COME OUT OF EXECUTIVE SESSION AND THE BOARD'S DECISION OF THE CONTRACT AND COMPENSATION IS PRESENTED AND DOCUMENTED IN THE MINUTES. FORM 990, PART VI, LINE 15B - COMPENSATION REVIEW & APPROVAL PROCESS - OFFICERS & KEY EMPLOYEES ANNUALLY, THE BOARD APPROVES THE BUDGET WHICH CONTAINS THE SALARY INFORMATION OF EMPLOYEES. THE BOARD SETS THE BEGINNING SALARY RANGE FOR THE POSITIONS AT BBEDC BASED ON A LOCAL SALARY SURVEY. THE LAST SALARY SURVEY WAS PERFORMED IN 2019. THIS SALARY RANGE IS ADJUSTED PERIODICALLY AS LOCAL SALARIES IN THE REGION CHANGE. ANNUALLY ON THE EMPLOYEE'S ANNIVERSARY DATE, THE IMMEDIATE SUPERVISOR PERFORMS AN EVALUATION. IN ADDITION, THE SUPERVISOR TAKES INTO CONSIDERATION THE BOARD'S POLICY OF UP TO A 4% MERIT INCREASE EACH YEAR. THE SUPERVISOR MAKES ITS RECOMMENDATION ON THE COMPENSATION FOR THE NEXT YEAR, WHICH IS APPROVED BY THE CAO/CEO, WITH THE PRESIDENT/CEO HAVING FINAL APPROVAL FOR ALL EMPLOYEES. IN ADDITION, FORMAL CONTRACTS ARE REQUIRED ANNUALLY FOR THE FOLLOWING POSITIONS: CHIEF ADMINISTRATIVE OFFICER, CHIEF FINANCIAL OFFICER, SEAFOOD INVESTMENT OFFICER, AND QUOTA MANAGER.
FORM 990, PART VI, SECTION C, LINE 18 BBEDC'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING US AT 1-907-842-4370 OR WRITING TO US AT PO BOX 1464, DILLINGHAM, AK 99576-1464.
FORM 990, PART VI, SECTION C, LINE 19 BBEDC'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING US AT 1-907-842-4370 OR WRITING TO US AT PO BOX 1464, DILLINGHAM, AK 99576-1464.
FORM 990, PART XI, LINE 9: EQUITY IN EARNINGS OF ENTITIES CONSOLIDATED FOR AFS 268,003.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2023


Additional Data


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

OMB No. 1545-0047
2023
Open to Public Inspection
Name of the organization
BRISTOL BAY ECONOMIC DEVELOPMENT CORP
 
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,AK995761464
20-4176963 		COMMERCIAL FISHING AK 20,449 144,818 BBEDC
 
(2) ALEUTIAN MARINER VESSEL LLC
PO BOX 1464
DILLINGHAM,AK995761464
86-2441869 		COMMERCIAL FISHING AK 121,524 1,421,548 BBEDC
 
(3) BRISTOL MARINER VESSEL LLC
PO BOX 1464
DILLINGHAM,AK995761464
86-2462751 		COMMERCIAL FISHING AK 132,141 1,543,292 BBEDC
 
(4) NORDIC MARINER VESSEL LLC
PO BOX 1464
DILLINGHAM,AK995761464
86-2496483 		COMMERCIAL FISHING AK 138,325 1,551,321 BBEDC
 
(5) PAC MARINER VESSEL LLC
PO BOX 1464
DILLINGHAM,AK995761464
86-2526071 		COMMERCIAL FISHING AK 743 41,213 BBEDC
 
(6) OBS FISHMEAL LLC
PO BOX 1464
DILLINGHAM,AK995761464
81-4555564 		FISHMEAL PLANT AK 3,364,252 30,520,216 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,AK995761464
92-0168036 		SCIENCE/ EDUCATIONAL AK 501(C)(3) LINE 7 BBEDC
 
Yes
 
(2)HARVEY SAMUELSON SCHOLARSHIP TRUST
PO BOX 1464

DILLINGHAM,AK995761464
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) 2023
Schedule R (Form 990) 2023
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
LYNDEN,WA98264
61-1503131 		COMMERCIAL FISHING AK N/A
 RELATED -153,335 7,608,416 Yes       No 50.000 %
(2) ALASKAN LEADER SEAFOODS LLC

8874 BENDER RD
LYNDEN,WA98264
20-5851344 		FISH MARKETING AK N/A
 RELATED -430,251 6,215,235   No -234,214   No 50.000 %
(3) ALASKAN LEADER VESSEL LLC

8874 BENDER RD
LYNDEN,WA98264
92-0142904 		COMMERCIAL FISHING AK N/A
 RELATED -250,146 2,138,575 Yes       No 50.000 %
(4) BERING LEADER FISHERIES LLC

8877 BENDER RD
LYNDEN,WA98267
43-2055793 		COMMERCIAL FISHING AK N/A
 RELATED -578,720 -1,727,615 Yes       No 50.000 %
(5) BRISTOL LEADER FISHERIES LLC

8878 BENDER RD
LYNDEN,WA98268
91-1780779 		COMMERCIAL FISHING AK N/A
 RELATED -301,788 5,289,805 Yes       No 50.000 %
(6) KODIAK LEADER FISHERIES LLC

8879 BENDER RD
LYNDEN,WA98269
27-2387715 		COMMERCIAL FISHING AK N/A
 RELATED -849,738 4,867,662   No     No 50.000 %
(7) NORTHERN LEADER FISHERIES LLC

8880 BENDER RD
LYNDEN,WA98270
45-4219695 		COMMERCIAL FISHING AK N/A
 RELATED -325,211 2,913,435 Yes       No 50.000 %
(8) DONA MARTITA LLC

20308 DAYTON AVENUE
SHORELINE,WA98133
91-2089115 		COMMERCIAL FISHING WA N/A
 RELATED 3,846,791 4,888,348 Yes   -115,424   No 50.000 %
(9) OCEAN BEAUTY SEAFOODS LLC

PO BOX 70739
SEATTLE,WA98127
20-8899430 		SEAFOOD PROCESSING AK N/A
 RELATED -9,662,594 179,207,905   No -9,886,569   No 50.000 %
(10) ALASKAN MARINER LLC

PO BOX 1464
DILLINGHAM,AK99576
20-0499337 		COMMERCIAL FISHING WA BBEDC
  		RELATED 510 170,466 Yes       No 72.520 %
(11) ALEUTIAN MARINER LLC

PO BOX 1464
DILLINGHAM,WA99576
91-1424870 		COMMERCIAL FISHING WA BBEDC
  		RELATED -13,354 49,693 Yes       No 77.330 %
(12) BRISTOL MARINER LLC

PO BOX 1464
DILLINGHAM,WA99576
91-1812263 		COMMERCIAL FISHING AK BBEDC
  		RELATED 18,488 32,274   No     No 76.160 %
(13) NORDIC MARINER LLC

PO BOX 1464
DILLINGHAM,AK99576
91-1837754 		COMMERCIAL FISHING WA BBEDC
  		RELATED -11,331 135,182 Yes       No 72.810 %
(14) PAC MARINER LLC

PO BOX 1464
DILLINGHAM,AK99576
91-1424629 		COMMERCIAL FISHING WA BBEDC
  		RELATED 1,664 76,452 Yes       No 75.970 %
(15) SAYAK PARTNERS LLC

1200 FIFTH AVENUE 1500
SEATTLE,WA98101
85-0578624 		COMMERCIAL FISHING WA BBEDC
  		RELATED -2,775,187 22,783,407 Yes       No 53.310 %
(16) KODIAK FISHMEAL COMPANY

2353 130TH AVE NE SUITE 130
BELLEVUE,WA98005
91-1491976 		SEAFOOD PROCESSING WA BBEDC
  		RELATED 3,587,357 1,978,479 Yes   2,271,334   No 24.690 %
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) 2023
Schedule R (Form 990) 2023
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
 
No
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
 
No
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 1,000,000 FMV





Schedule R (Form 990) 2023
Schedule R (Form 990) 2023
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
(1) ARCTIC STORM HOLDINGS

2727 ALASKAN WAYSEATTLE,AK98121
91-1551320 		COMMERCIAL FISHING WA RELATED
 
No
   -24,828,573
Yes
 
6,259
 
No
 18.300 %






























Schedule R (Form 990) 2023
Schedule R (Form 990) 2023
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) 2023

Additional Data


Software ID:  
Software Version: