Coastal Villages Region Fund is located in Anchorage, AK. The organization was established in 1996. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Coastal Villages Region Fund employed 1,254 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Villages Region Fund 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 12/2021, Coastal Villages Region Fund generated $71.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $50.5m during the year ending 12/2021. While expenses have increased by 8.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Coastal Villages Region Fund has awarded 161 individual grants totaling $6,751,123. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE THE MEANS FOR DEVELOPMENT OF OUR COMMUNITIES BY CREATING SENSIBLE, TANGIBLE AND LONG-TERM OPPORTUNITIES THAT GENERATE HOPE FOR ALL PEOPLE WHO WANT TO FISH AND WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM COST OF OPERATING VESSELS (PROGRAM #1): PROGRAM COSTS ASSOCIATED WITH OPERATION OF ONE POLLOCK CATCHER/PROCESSOR, TWO PACIFIC COD FREEZER-LONGLINERS, AND TWO CRAB FISHING VESSELS. THIS PROGRAM PROVIDES EMPLOYMENT AND TRAINING OPPORTUNITIES FOR RESIDENTS, AS WELL AS FUNDING FOR OTHER PROGRAMS. THE AMOUNT GIVEN REPRESENTS THE ADDITIONAL COSTS TO OPERATE NOT INCLUDED IN COSTS OF GOODS SOLD (COGS IS INCLUDED IN LINE 10B PART VIII).
INSHORE AND NEARSHORE PROGRAM (PROGRAM #2): IN PRIOR YEARS CVRF OPERATED SIX HALIBUT PLANTS, ONE SALMON PLANT, A SALMON BUYING STATION AND SUPPORTING TENDERS, TUGS, AND BARGES. THESE OPERATIONS WERE SUSPENDED IN 2016 DUE TO HIGH SUBSIDY REQUIREMENTS AND THE DESIRE TO FOCUS ON MORE GEOGRAPHICALLY-EQUITABLE ECONOMIC DEVELOPMENT PROGRAMS ACCROSS THE ENTIRE SERVICE AREA. THIS PROGRAM IS BEING PHASED OUT, BUT ACTIVITIES TRANSACTED IN 2019 INCLUDE ONGOING DEPRECIATION, INSURANCE, AND MAINTENANCE OF THE FACILITIES.
OUTREACH PROGRAMS (PROGRAM #3): OUTREACH - OUTREACH FOCUSES ON COMMUNICATION WITH REGION RESIDENTS IN OUR 20 MEMBER COMMUNITIES AND IS MADE UP OF SEVERAL PROGRAM AREAS. THE COMMUNITY OUTREACH PROGRAM MAINTAINS OPEN AND CONTINOUS COMMUNICATION WITH OUR RESIDENTS. CVRF BOARD MEMBERS AND LOCAL COMMUNITY SERVICE REPRESENTATIVES ALSO SERVE AS AN OPEN DIRECT LINK. LOCAL RESIDENTS ARE INVITED TO PARTICIPATE IN MEETINGS INVOLVING CVRF BOARD MEMBERS AND STAFF. STAFF MEMBERS TRAVEL FREQUENTLY TO COMMUNITITES THROUGHOUT THE REGION TO SHARE INFORMATION ABOUT CVRF AND ITS PROGRAMS AND SERVICES AND TO RECRUIT FOR OUR COMPANY. OUTREACH HAS PRIMARY RESPONSILITY FOR NEW PROGRAM DEVELOPMENT, ADMINISTRATION, AND PROGRAM EXECUTION.COMMUNITY SERVICE CENTERS (CSC) - CVRF'S CSCS, LOCATED IN EACH OF OUR 20 MEMBER COMMUNITIES, PROVIDE AND ENHANCE ECONOMIC OPPORTUNITIES BY PROVIDING MEETING ROOM RENTAL SPACE, INTERNET ACCESS, AND A PLACE TO OBTAIN DETAILED INFORMATION ABOUT CVRF'S PROGRAMS AND SERVICES. APPROXIMATELY 50 COMMUNITY SERVICE REPRESENTATIVES (CSRS) ARE EMPLOYED AT THE CSCS EACH YEAR.CONSTRUCTION COSTS FOR COMMUNITY SERVICE CENTERS (CSC) - CVRF BUILT, OWNS, MAINTAINS, AND IMPROVES THE CSCS IN 19 OF OUR 20 COMMUNITIES. CDQ ADVOCACY - EDUCATION AND AWARENESS RELATED TO CDQ PROGRAM, COMPANY EFFORTS SURROUNDING RESIDENT CONCERNS AND COMPANY INITIATIVES. THIS DEPARTMENT HAS TAKEN PRIMARY CONTROL OVER THE CVRF WEBSITE, FACEBOOK, AND OTHER PUBLIC RELATIONS EFFORTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Crow Cloyd CEO | 40 | $575,000 | |
Deakin Eric CEO | Officer | 40 | $446,662 |
Longvanes Harald Fishmaster | Officer | 40 | $308,668 |
Coleman Michael Bering Sea Operations Gm | Officer | 40 | $290,110 |
Drew Michelle CFO | Officer | 40 | $290,096 |
Egaas James Captain | Officer | 40 | $288,741 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Nakamura (Usa) Inc Shipping | 12/30/21 | $5,018,408 |
Coastal Transportation Inc Shipping | 12/30/21 | $1,571,720 |
Unisea Inc Crab Processing | 12/30/21 | $1,325,302 |
Owen Kvinge Captain Services | 12/30/21 | $530,428 |
Fusion Marine Technology Llc Repair And Maintenance Services | 12/30/21 | $447,987 |
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 | $2,844,664 |
Investment income | $370,390 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $2,205,944 |
Net Rental Income | $161,755 |
Net Gain/Loss on Asset Sales | $207,304 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $62,807,720 |
Miscellaneous Revenue | $0 |
Total Revenue | $71,340,049 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $425,610 |
Grants and other assistance to domestic individuals. | $3,333,547 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $6,742,279 |
Compensation of current officers, directors, key employees. | $2,598,624 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,262,759 |
Pension plan accruals and contributions | $391,267 |
Other employee benefits | $330,553 |
Payroll taxes | $838,048 |
Fees for services: Management | $0 |
Fees for services: Legal | $486,802 |
Fees for services: Accounting | $205,825 |
Fees for services: Lobbying | $276,333 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,057,437 |
Advertising and promotion | $145 |
Office expenses | $82,034 |
Information technology | $428,372 |
Royalties | $0 |
Occupancy | $1,335,664 |
Travel | $904,020 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $112,763 |
Interest | $4,398 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,222,585 |
Insurance | $4,660,858 |
All other expenses | $702,893 |
Total functional expenses | $50,485,344 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $61,573,644 |
Savings and temporary cash investments | $17,080,570 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $6,021,743 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $7,497,658 |
Inventories for sale or use | $1,718,494 |
Prepaid expenses and deferred charges | $4,399,802 |
Net Land, buildings, and equipment | $67,368,827 |
Investments—publicly traded securities | $0 |
Investments—other securities | $15,741,074 |
Investments—program-related | $124,306,162 |
Intangible assets | $0 |
Other assets | $254,414 |
Total assets | $305,962,388 |
Accounts payable and accrued expenses | $2,120,882 |
Grants payable | $0 |
Deferred revenue | $483,475 |
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 | $2,598,406 |
Total liabilities | $5,202,763 |
Net assets without donor restrictions | $300,759,625 |
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 | $305,962,388 |
Over the last fiscal year, Coastal Villages Region Fund has awarded $416,523 in support to 24 organizations.
Grant Recipient | Amount |
---|---|
Bainbridge Island, WA PURPOSE: COMMUNITY DEVELOPMENT | $41,666 |
CITY OF CHEVAK PURPOSE: COMMUNITY DEVELOPMENT | $31,648 |
CITY OF HOOPER BAY PURPOSE: COMMUNITY DEVELOPMENT | $27,163 |
KIPNUK TRADITIONAL COUNCIL PURPOSE: COMMUNITY DEVELOPMENT | $25,735 |
CITY OF QUINHAGAK PURPOSE: COMMUNITY DEVELOPMENT | $24,902 |
NUNAKAUYAK TRADITIONAL COUNCIL PURPOSE: COMMUNITY DEVELOPMENT | $24,050 |
Organization Name | Assets | Revenue |
---|---|---|
Coastal Villages Region Fund Anchorage, AK | $305,962,388 | $71,340,049 |
Rural Alaska Community Action Program Inc Anchorage, AK | $41,385,043 | $27,905,721 |
Metropolitan Development Council Tacoma, WA | $25,355,306 | $24,051,543 |
Aleutian-Pribilof Islands Anchorage, AK | $38,968,570 | $29,437,372 |
Friends Of Seattle Waterfront Seattle, WA | $32,295,569 | $18,451,565 |
Yakima County Development Association Yakima, WA | $2,653,869 | $12,280,886 |
Association Of Washington Cities Olympia, WA | $23,978,792 | $13,838,038 |
Southeast Effective Development Seattle, WA | $44,851,964 | $4,590,608 |
Evergreen Business Capital Seattle, WA | $8,313,121 | $5,500,753 |
Community Frameworks Spokane, WA | $20,309,475 | $6,692,007 |
Interim Community Development Association Seattle, WA | $18,632,697 | $4,931,753 |
Seashare Bainbridge Island, WA | $1,261,413 | $3,903,292 |