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 12/2022, Coastal Villages Region Fund employed 1,039 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 12/2022, Coastal Villages Region Fund generated $59.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $55.1m during the year ending 12/2022. While expenses have increased by 8.1% per year over the past 8 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 172 individual grants totaling $7,564,930. 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
2022
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 DESCRIPTION (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 ACROSS THE ENTIRE SERVICE AREA. THIS PROGRAM IS BEING PHASED OUT, BUT ACTIVITIES TRANSACTED IN 2019 INCLUDE ONGOING DEPRECIATION, INSURANCE, AND MAINTENANCE OF THE FACILITIES. YOUTH PROGRAMS (PROGRAM #4):YOUTH PROGRAMS - THE COASTAL VILLAGES YOUTH PROGRAMS PROMOTE LEADERSHIP, PERSONAL DEVELOPMENT, AND CITIZENSHIP AMONG THE YOUTH IN THE COMMUNITIES AGES 13 TO 24. THROUGH VARIOUS ACTIVITIES AND ACHIEVEMENTS, THE YOUTH LEARN TO ACCEPT RESPONSIBILITY, GAIN LEADERSHIP SKILLS, THROUGH PARTICIPATION IN COMMUNITY ACTIVITIES. YOUTH AGES 14-19 ALSO HAVE THE OPPORTUNITY TO WORK DURING THE SUMMER VIA CVRF'S YOUTH-TO-WORK PROGRAM. CIUNEQ IS A PROGRAM FOR HIGH ACHIEVING HIGH SCHOOL AGED YOUTH TO CREATE A PATHWAY FOR FUTURE EDUCATION AND CAREER SUCCESS THROUGH EXPOSURE TO THE OPPORTUNITIES AVAILABLE TO THEM .SOCIAL INVESTMENTS (PROGRAM #5):SOCIAL INVESTMENTS - IS COMPRISED OF VARIOUS SOCIAL PROGRAMS TO IMPROVE THE WELFARE OF RESIDENTS IN THE SERVICE AREA.TAX ASSISTANCE - EACH YEAR, CVRF FUNDS THE VOLUNTEER INCOME TAX ASSISTANCE PROGRAM (VITA), WHICH IS PROVIDED BY THE ALASKA SMALL BUSINESS DEVELOPMENT CENTER (ABDC) AND THE UNIVERSITY OF ALASKA ANCHORAGE. THROUGH THIS PROGRAM, STUDENTS IN THE ACCOUNTING FIELD AND BUSINESS PROFESSORS ARE SENT TO ALL CVRF COMMUNITIES TO PROVIDE TAX PREPARATION ASSISTANCE AT NO COST TO RESIDENTS.POLLOCK PROVIDES(R) HEATING OIL PROGRAM HEATING OIL IS PROVIDED TO COMMUNITY MEMBERS DURING THE WINTER AND SPRING MONTHS TO OFFSET INCREASINGLY HIGH FUEL COSTS. POLLOCK PROVIDES(R) IS A COMPANY TRADEMARK THAT ENCOMPASSES MANY OF CVRF'S COMMUNITY PROGRAMS AND SERVICES.ELDER ASSISTANCE PROGRAM - THIS PROGRAM ASSISTS ELDERS IN CVRF'S MEMBER COMMUNITIES WITH THE HIGH COST OF LIVING BY PROVIDING FUNDING FOR EXPENSES SUCH AS HEATING OIL, ELECTRICITY, WATER AND SEWER, GASOLINE, MOTOR OIL, AND GROCERIES.DESIGNATED FUND - THIS FUND IS INTENDED TO HELP CVRF GOVERNING BODIES WITH COMMUNITY AND ECONOMIC PROJECTS THAT ARE CONSISTENT WITH THE CDQ PROGRAM AND THAT MIGHT NOT OTHERWISE BE ABLE TO HAPPEN. THE DESIGNATED FUND PROGRAM FUNDS ARE ALLOCATED AMONG CVRF'S 20 MEMBER VILLAGES BASED ON THE FOLLOWING FORMULA: 30% OF THE FUNDS ARE PROVIDED AS A BASE AMOUNT EQUALLY DIVIDED AMONG CVRF'S 20 MEMBER VILLAGES; AND 70% OF THE FUNDS ARE ALLOTTED BASED ON EACH CVRF MEMBER VILLAGE'S POPULATION.FUNERAL ASSISTANCE - THIS PROGRAM IS DESIGNED TO PROVIDE COMMUNITY MEMBERS WITH ASSISTANCE IN FUNERAL AND BURIAL COSTS IN THE COMMUNITIES.CONSTRUCTION - THIS PROGRAM IS DESIGNED TO PROVIDE COMMUNITY ASSISTANCE FOR AFFORDABLE HOUSING AND IMPROVEMENT OF CRITICAL INFRASTRUCTURE. THE PROGRAM IS WORKING TO DEVELOP COMMUNITY CAPACITY THROUGH HIRING AND TRAINING QUALIFIED PERSONNEL TO PERFORM CONSTRUCTION ACTIVITIES, TO PROVIDE DOWN-PAYMENT ASSISTANCE, TO PROVIDE CONSULTATION AND COORDINATION WITH HOUSING LENDERS, BIA AND OTHER LOW-INCOME HOUSING PROGRAM PROVIDERS. AFFORDABLE HOUSING UNITS WILL BE SOLD TO QUALIFYING COMMUNITIES MEMBERS WITH HOUSING SALES PROCEEDS ROLLING BACK INTO THE PROGRAM. THE PROGRAM WILL ALSO CONDUCT CONSTRUCTION AND MAINTENANCE OF OTHER CRITICAL INFRASTRUCTURE, SUCH AS BOARDWALKS, COMMUNITY CENTERS, AND OTHER FACILITIES WITHIN THE COMMUNITIES. 4-SITE (PROGRAM #6):THE 4-SITE PROGRAM WAS ESTABLISHED IN 1993. IT IS AIMED AT PROVIDING LONG-TERM ECONOMIC AND SOCIAL DEVELOPMENT IN OUR MEMBER COMMUNITIES BY PROVIDING SCHOLARSHIPS, INTERNSHIPS, TRAINING, AND EMPLOYMENT.CDQ CONTRACT & QUOTA MANAGEMENT (PROGRAM #8):CDQ CONTRACT AND QUOTA MANAGEMENT CVRF IS INCREASINGLY LEASING ITS CDQ QUOTA TO WHOLLY-OWNED SUBSIDIARIES AND HAS ACQUIRED SIGNIFICANT ADDITIONAL QUOTA (NON-CDQ) IN THE MAJOR BERING SEA FISHERIES. THE QUOTA MANAGEMENT TEAM MONITORS THE HARVEST OF ALL CDQ ALLOCATIONS THROUGHOUT THE YEAR, AND COORDINATES WITH FISHING VESSELS AND/OR HARVESTING PARTNERS TO MAXIMIZE THE HARVEST OF CVRF'S CDQ QUOTA.
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 CONTINUOUS 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 COMMUNITIES THROUGHOUT THE REGION TO SHARE INFORMATION ABOUT CVRF AND ITS PROGRAMS AND SERVICES AND TO RECRUIT FOR OUR COMPANY. OUTREACH HAS PRIMARY RESPONSIBILITY 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.
PEOPLE PROPEL (PROGRAM #7): - THE PEOPLE PROPEL PROGRAM WAS CREATED TO MEET THE DEMAND OF THE OUR COMMUNITY RESIDENTS FOR SAFER, MORE FUEL EFFICIENT AND ENVIRONMENTALLY CLEANER OUTBOARDS AND BOATS. THE PEOPLE PROPEL PROGRAM ALSO ASSISTS CVRF RESIDENTS IN BUYING OTHER EQUIPMENT NECESSARY FOR LIFE IN A SMALL COASTAL COMMUNITY. IN 2018, PEOPLE PROPEL BEGAN PROVIDING DOWN-PAYMENT ASSISTANCE FOR COMMUNITY HOME CONSTRUCTION AND MAJOR HOME IMPROVEMENTS. UNDER THIS PROGRAM, CVRF PROVIDES A SUBSIDY IN THE AMOUNT OF 30% OF THE ASSET COST, WITH THE RESIDENT RESPONSIBLE FOR THE REMAINING 70%.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Alexie Steven Board Member | Trustee | 3 | $1,700 |
Beebe Carlie Board Member | Trustee | 3 | $22,800 |
Chuckwuk George Board Member | Trustee | 3 | $22,800 |
Dull Clarence Board Member (thru 12/22) | Trustee | 3 | $20,400 |
Hunter Larson President/board Member | OfficerTrustee | 3 | $60,000 |
Ivon Jerry Board Member | Trustee | 3 | $20,400 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Nakamura (Usa) Inc Shipping | 12/30/22 | $3,608,281 |
Coastal Transportation Inc Shipping | 12/30/22 | $2,224,956 |
Pacific Fisherman Repair And Maintenance | 12/30/22 | $1,121,855 |
Kloosterboer International Forwarding Ll Cold Storage | 12/30/22 | $751,646 |
Petro Star Loading & Offloading Services | 12/30/22 | $660,050 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $498,576 |
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 | $498,576 |
Total Program Service Revenue | $5,669,986 |
Investment income | $147,732 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $5,128,972 |
Net Rental Income | $113,072 |
Net Gain/Loss on Asset Sales | $167,721 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $44,181,650 |
Miscellaneous Revenue | $0 |
Total Revenue | $59,440,562 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $820,426 |
Grants and other assistance to domestic individuals. | $2,558,445 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $6,288,538 |
Compensation of current officers, directors, key employees. | $2,062,536 |
Compensation to disqualified persons | $4,470,777 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $375,232 |
Other employee benefits | $359,770 |
Payroll taxes | $862,023 |
Fees for services: Management | $0 |
Fees for services: Legal | $537,847 |
Fees for services: Accounting | $197,350 |
Fees for services: Lobbying | $301,812 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,866,729 |
Advertising and promotion | $7,639 |
Office expenses | $162,693 |
Information technology | $550,099 |
Royalties | $0 |
Occupancy | $1,608,465 |
Travel | $1,244,145 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $116,990 |
Interest | $73 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,700,614 |
Insurance | $6,507,284 |
All other expenses | $491,410 |
Total functional expenses | $55,114,532 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $33,741,663 |
Savings and temporary cash investments | $13,060,881 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $4,953,184 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $7,745,090 |
Inventories for sale or use | $4,228,824 |
Prepaid expenses and deferred charges | $4,246,618 |
Net Land, buildings, and equipment | $84,134,023 |
Investments—publicly traded securities | $0 |
Investments—other securities | $34,881,905 |
Investments—program-related | $124,211,878 |
Intangible assets | $0 |
Other assets | $1,459,499 |
Total assets | $312,663,565 |
Accounts payable and accrued expenses | $6,014,020 |
Grants payable | $0 |
Deferred revenue | $1,472,876 |
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 | $2,561,630 |
Total liabilities | $10,048,526 |
Net assets without donor restrictions | $302,615,039 |
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 | $312,663,565 |
Over the last fiscal year, Coastal Villages Region Fund has awarded $813,807 in support to 11 organizations.
Grant Recipient | Amount |
---|---|
CQS1 LLC PURPOSE: COMMUNITY DEVELOPMENT | $237,000 |
CQS4 LLC PURPOSE: COMMUNITY DEVELOPMENT | $178,000 |
CQS3 LLC PURPOSE: COMMUNITY DEVELOPMENT | $139,000 |
BERING SEA FISHERMEN'S ASSOCIATION PURPOSE: COMMUNITY DEVELOPMENT | $27,000 |
CQS2 LLC PURPOSE: COMMUNITY DEVELOPMENT | $133,000 |
ALASKA SCHOOL ACTIVITIES ASSOCIATION INC PURPOSE: COMMUNITY DEVELOPMENT | $22,808 |