Central Bering Sea Fishermens Association
- Assets
- $117.6m
- Revenue
- $17.4m
- Investments
- $0.0
- Employees
- 34
- Location
- St Paul Island, AK
- Founding
- 09/1993
- Data as of
- 12/2023
- EIN
- 92-0142892
Organization Overview
Central Bering Sea Fishermens Association is located in St Paul Island, AK. The organization was established in 1993. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Central Bering Sea Fishermens Association employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Bering Sea Fishermens Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Central Bering Sea Fishermens Association generated $17.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $7.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Central Bering Sea Fishermens Association has awarded 58 individual grants totaling $9,666,771. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT THE ST PAUL ISLAND COMMUNITY DEVELOPMENT QUOTA (CDQ) (SEE SCHEDULE O)PROGRAM ESTABLISHED BY THE FEDERAL GOVERNMENT IN 1992.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FISHING:CBSFA ST. PAUL FISHING COMPANY, LLC - THIS PROGRAM DEVELOPSINFRASTRUCTURE AND INVESTMENTS IN PROJECTS THAT SUPPORT FISHERIESBASED IN ST. PAUL. EXPENSES RELATED TO THIS PROGRAM ARE INCLUDEDIN COST OF GOODS SOLD ON PART VIII.170 DEGREES WEST - THIS PROGRAM IS OPERATED TO MAXIMIZE THEEX-VESSEL PRICE PAID TO LOCAL FISHERMEN. 170 DEGREES WESTPURCHASES CDQ HALIBUT FROM THE LOCAL FLEET, THEN HAS IT CUSTOMPROCESSED THROUGH A NEGOTIATED CONTRACT WITH A LOCAL PROCESSOR.THE PRODUCT IS THEN MARKETED THROUGH A MARKETING AGREEMENT WITH ADISTRIBUTOR. NET REVENUE IS DISTRIBUTED TO THE LOCAL FLEETTHROUGH A RETROACTIVE EX-VESSEL PRICE ADJUSTMENT. REVENUE ANDEXPENSES RELATED TO THIS PROGRAM ARE INCLUDED IN SALES OFINVENTORY ON PART VIII.VEHICLE & EQUIPMENT OPERATIONS - THIS PROGRAM WAS FORMED TOMANAGE, MAINTAIN, AND OPERATE EQUIPMENT. ANNUALLY THE DEPARTMENTPUTS IN AND REMOVES THE DOCKS IN THE SMALL BOAT HARBOR. THEDEPARTMENT ALSO HELPS LOAD AND UNLOAD CONTAINER SHIPS THAT COME TOPORT. CBSFA HAS ACQUIRED NUMEROUS PIECES OF EQUIPMENT, MOSTNOTABLY A MANITOWOC CRANE AND A GROVE CRANE, TO SUPPORT ITSFISHING OPERATIONS. REVENUE AND EXPENSES RELATED TO THIS PROGRAMARE INCLUDED IN SALES OF INVENTORY ON PART VIII.
EDUCATION, OUTREACH & ASSISTANCE:THIS PROGRAM PROVIDES SCHOLARSHIPS, TRAINING GRANTS, AND STUDENTLOANS FOR THE RESIDENTS OF ST. PAUL ISLAND TO FURTHER THEIREDUCATION. IT FUNDS EDUCATIONAL PROGRAMS AND CURRICULUM PROVIDEDBY OTHER LOCAL ENTITIES. THIS PROGRAM ALSO PROVIDES OUTREACH TOTHE COMMUNITY OF ST. PAUL VIA NEWSLETTERS, RADIO ANNOUNCEMENTS,WEBSITE, COMMUNITY SURVEYS, AND ANNUAL MEETINGS. THE ASSISTANCEFUND PROVIDES FINANCIAL SUPPORT FOR COMMUNITY WELLNESS,BEREAVEMENT, AND LOCAL VOLUNTEER OPERATIONS. THE PROGRAM ALSOPROVIDES SUPPORT FOR THE TRIBAL GOVERNMENT OF ST. PAUL ISLANDPROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myron Melovidov Chairman | OfficerTrustee | 40 | $240,233 |
Phillip Lestenkof President | OfficerTrustee | 40 | $361,014 |
Jeff Kauffman Vice President | OfficerTrustee | 40 | $418,014 |
Rena Kudrin Secretary/treasurer | OfficerTrustee | 40 | $110,829 |
Jason Bourdukofsky Sr Director | Trustee | 2 | $4,600 |
Daniel Porath Director | Trustee | 2 | $64,005 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kbo Crab Cooperative Fish Harvesting | 12/30/23 | $589,084 |
Fv St Peter Llc Fish Harvesting | 12/30/23 | $534,113 |
Fv St Paul Llc Fish Harvesting | 12/30/23 | $504,662 |
Coastal Alaska Premier Seafoods Fish Harvesting | 12/30/23 | $470,251 |
Cph Associates Fish Harvesting | 12/30/23 | $260,813 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,038,617 |
| Investment income | $6,661,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,748,059 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,448,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $209,901 |
| Grants and other assistance to domestic individuals. | $543,329 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,193,285 |
| Compensation of current officers, directors, key employees. | $1,193,285 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $957,801 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,585 |
| Advertising and promotion | $0 |
| Office expenses | $159,018 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $206,132 |
| Travel | $25,163 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,288,806 |
| Interest | $163,722 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $456,484 |
| Insurance | $157,446 |
| All other expenses | $1,629,013 |
| Total functional expenses | $7,442,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,567,683 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,858,916 |
| Loans from Officers, Directors, or Controlling Persons | $268,082 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,015,399 |
| Net Land, buildings, and equipment | $13,537,762 |
| Investments—publicly traded securities | $350,222 |
| Investments—other securities | $0 |
| Investments—program-related | $3,613,900 |
| Intangible assets | $1,678 |
| Other assets | $69,369,228 |
| Total assets | $117,582,870 |
| Accounts payable and accrued expenses | $4,572,247 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $881,333 |
| Total liabilities | $5,453,580 |
| Net assets without donor restrictions | $112,129,290 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $117,582,870 |
Grants Awarded
Over the last fiscal year, Central Bering Sea Fishermens Association has awarded $209,901 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PRIBILOF SCHOOL DISTRICT PURPOSE: GENERAL SUPPORT | $116,901 |
ST'S PETER & PAUL ORTHODOX CHURCH PURPOSE: GENERAL SUPPORT | $35,000 |
TRIBAL GOVERNMENT OF ST PAUL ISLAND PURPOSE: GENERAL SUPPORT | $51,000 |
ALASKA BUSINESS DEVELOPMENT CENTER PURPOSE: GENERAL SUPPORT | $7,000 |