Coastal Villages Region Fund

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Crow Cloyd
CEO
$575,000
Deakin Eric
CEO
$446,662
Longvanes Harald
Fishmaster
$308,668
Coleman Michael
Bering Sea Operations Gm
$290,110
Drew Michelle
CFO
$290,096
Egaas James
Captain
$288,741

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Nakamura (Usa) Inc
Shipping
$5,018,408
Coastal Transportation Inc
Shipping
$1,571,720
Unisea Inc
Crab Processing
$1,325,302
Owen Kvinge
Captain Services
$530,428
Fusion Marine Technology Llc
Repair And Maintenance Services
$447,987
View All Vendors

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$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

Grants Awarded

Over the last fiscal year, Coastal Villages Region Fund has awarded $416,523 in support to 24 organizations.

Grant RecipientAmount

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
View Grant Profile

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