1 2021AnnualReport
TABLEOF CONTENTS 18 19 17 15 16 14 12 10 8 6 5 ALetterfromtheDirector SupportingSoutheastʼs Entrepreneurs HowWeWork WorkforceDevelopment 2021IncomeStatement SustainableInvestment StatementofFinancialPosition MeetOurTeamandBoard OurPartnersandFunders CommunityFacilitation& Planning WhereWeWork
WeamplifyourHaida,Tlingit,andTsimshian ancestralimperativetoensureSoutheastAlaska thrivesforfuturegenerations. Weareadriverofaregenerativeeconomyacross SoutheastAlaskasocommunitiescanforgefutures groundedinthisuniquelyIndigenousplace. Balance|Reciprocity NativeKnowledge|IndigenousStewardship ProgressoverPerfection|LearningattheSpeedofTrust Equity|Abundance OURVALUES
OURVISION
Noneofthisworkwouldbepossiblewithoutthe trustanddeeprelationshipswehavedeveloped withthecommunitiesthatweworkandlivein. Throughintentionalcollaboration,sharedmeals, andhardconversations,wehavebuiltastrong foundationofpartners,friends,supporters,and clientsoverthepastnineyears.Weknowthere ismuchtocelebrate,butwearealsoawareof theimmenseworkstillahead.Thislettercomes withpauseforgratitudeandadeepbreathas weembarkonafuturefullofhopeand challenges.Iamdeeplythankfulforour Southeastcommunity,theentrepreneurswho inspireus,ourhard-workingteam,andourBoard ofDirectorsfortheirguidanceandvisionfora strongerSoutheastAlaska.
Ingratitude, AlanaPeterson GahKithTin
ALetterfromtheDirector
2021andlaunchedthefundraisingcampaignfor TheSeacoastTrust,afunddevelopedtopower theSustainableSoutheastPartnership.Together withmanypartners,weweresuccessfulin raisingjustover$21million.Ourworkwasalso recognizednationally,andourSustainable ForestProductsClusterprojectwasselectedas oneof60finalistsfromaroundthenationto competefor$100MfromtheEconomic DevelopmentAdministration’sBuildBackBetter RegionalChallenge.
Inreachingtheseachievements,wehave learnedmanylessons.Ourteamhaschanged overthecourseof2021andisontrajectoryto growmorein2022.Withthischangecomesthe challengesofgrowingtheorganizationwhile maintainingthequalityofourprogramsor services.Asthegrowthoftheorganizationand thepaceofworkhasaccelerated,wehave realizedthattakingtimetoputourmentaland physicalhealthfirsthasbeenessential.In2021, weprioritizedtimetoreconnectasateam,and havetakenstepstomaintainahealthywork-life balance,whichcanprovechallengingintheage ofvirtualwork.Thispastyearhasfurther cementedwhatwehavealwaysheldtrue:we mustneverlosesightofthevalueofour relationships.
Wechanneledresourcesbyleveragingover $1.2milliondollarsintodirectprogrammingin
5 AlanaandhersonAndres
In2021,asurgeinentrepreneurshipin SoutheastAlaskaresultedinourteam assistingmorethan140entrepreneurswith over350hoursofsustainablebusiness developmenttraining.Weinvestedingrowing sectorsincludingmaricultureandregenerative tourismbytraining24individualsthrougha KelpandOysterFarmingWorkshop,hostinga regenerativetourism-focusedPathto Prosperitycompetition,andcreatinga marketingtoolkitanddigitallibraryofover 4,000photostohelpSoutheastAlaskan entrepreneursbolstertheirmarketing.We heldthelargest-evervirtualSustainable SoutheastPartnershipretreat,with85 participantsandsupportedmorethan95 collaborativeprojectsthroughoutthenetwork.
Oftentimes,theworkofbuildingmore equitableAlaskancommunitiescanfeelslow. However,in2021,wewereabletolaunch forwardonourfoundationoftrusttomovefast insomeexcitingways.Wesawthesteady rhythmofworkwehaveputinoverthepast nineyearsdevelopintoawaveofmomentum, leadingustoincredibleopportunitiestodrive changeandchannelresourcesintoour region.
2020P2PFinalist
2019KlawockWatershed Project
CulturalUsesofForest ResourcesWorkshop
2021HoonahCrew,Alaskan YouthStewards
YakutatCommunityGarden
AngelaKetah,SitkaFlowers &theChocolateMoose,
KasaanArts,Museum& Canoes,2021PathtoProsperity Winner
2021KakeCrew,AlaskanYouth Stewards
PortChilkootDistillery,2015 PathtoProsperityWinner
WhereWeWork
SpruceRoot’sworkspanstheentireregionofSoutheast Alaska,including23communities.In2021,wedirectly supportedindividualsandprojectsin16unique communitiesthroughoutSoutheastAlaskaincluding Craig,Haines,Hydaburg,Hoonah,Juneau,Kake,Kasaan, Ketchikan,Klawock,Klukwan,Metlakatla,Petersburg, Sitka,Skagway,YakutatandWrangell.
COMMUNITYFACILITATIONANDPLANNING
WeworkwithcommunitiesaroundSoutheastAlaskatoamplifytheirpriorities. Weofferstrategicplanningservices,facilitationsupport,andcommunity planningtononprofits,Tribes,andlocalgovernmentsacrossSoutheast Alaska.WealsoserveasthebackbonesupportoftheSustainableSoutheast Partnership,acollectiveimpactnetworkoftribalorganizations,government entities,smallbusinesses,andnonprofits.
Wesecurefundsforsustainableandinnovativeprojectsthatourpartnersare implementingacrosstheregion.WealsooverseeTheSeacoastTrust,afund establishedtopowertheSustainableSoutheastPartnership.
Ourservicesforsmallbusinessesincludeone-on-onecoaching,group workshops,andlendingcapitalforbusinessstart-upandexpansion.We provideaccesstoeducation,networking,andfundingsothatregenerative businessesareequippedtofulfilltheirpotential.
SUPPORTINGSOUTHEAST’SENTREPRENEURS
WORKFORCEDEVELOPMENT
Weprovidecustomizedcareercoachingandhostworkshopsthatteach technicalskills,financialplanning,soft-skills,andleadership,supporting SoutheastAlaskansintheireducationandcareergoals.
HowWeWork
SUPPORTINGSOUTHEAST’SENTREPRENEURS
Ourservicesforsmallbusinessesincludeone-on-onecoaching,group workshops,andlendingcapitalforbusinessstart-upandexpansion.We provideaccesstoeducation,networking,andfundingsothatregenerative businessesareequippedtofulfilltheirpotential.
WORKFORCEDEVELOPMENT
Wesecurefundsforsustainableandinnovativeprojectsthatourpartnersare implementingacrosstheregion.WealsooverseeTheSeacoastTrust,afund establishedtopowertheSustainableSoutheastPartnership.
COMMUNITYFACILITATIONANDPLANNING
HowWeWork
WeworkwithcommunitiesaroundSoutheastAlaskatoamplifytheirpriorities. Weofferstrategicplanningservices,facilitationsupport,andcommunity planningtononprofits,Tribes,andlocalgovernmentsacrossSoutheast Alaska.WealsoserveasthebackbonesupportoftheSustainableSoutheast Partnership,acollectiveimpactnetworkoftribalorganizations,government entities,smallbusinesses,andnonprofits.
Weprovidecustomizedcareercoachingandhostworkshopsthatteach technicalskills,financialplanning,soft-skills,andleadership,supporting SoutheastAlaskansintheireducationandcareergoals.
SupportingSoutheast’s Entrepreneurs
LOANPROGRAM
JennBrownofForaged&Found
In2021,wesawgreaterinterestinentrepreneurshiptrainingthaninourpast decadeofoperations.
Wemetthischallengebyassistingmorethan140entrepreneurswith350+hours ofsustainablebusinessdevelopmenttraining,preservingorcreatingmorethan70 businessesand100jobsin2021alone.
WealsoexpandedourofferingsbypartneringwithSealaskaHeritageInstituteto offeraUAS-accreditedcourseinCareerDevelopmentforArtists,whichwascotaughtwithravenstailweaverLilyHope.Wealsodevelopedabusinessplan templateandthreeexamplebusinessplansfortheAlaskaNativeHeritageCenter tobeusedbyculturaltourismbusinessesthroughoutthestate.
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“TheSpruceRootteamwasessentialto workingthroughtheloanprocess, understandinghowtopresentour financialstoafinancialinstitution,and ensuringthatourfinancialmodelswere robustanddetailed.Thefundingwe receivedwasacrucialboostatan importantgrowthmomentforour business--traditionallendingwasn'tan optionforusatthetimeandthecapital infusionhelpeduslevelupinawaywe wouldnothavebeenabletodo otherwise."
-JennBrown,Foraged&Found,Ketchikan
In2021,wedeployedatotalof $60,000 inloan capitaltothreesmallbusinesses.Todate,we havedisbursed$1.57millioninloancapitalto entrepreneursin9communities.TheSpruce Rootteamhadtotakeastepawayfromthe growthoftheCDFIprogramfollowingtheonset oftheCOVID-19pandemic,andareexcitedto reinvestinthebybuildingnewproductsand raisingmorecapitalforlendingin2022.
PathtoProsperityPrograms SpruceRoot’sPathtoProsperity(P2P)programsgrowlocalbusinessesthatwill havepositivesocial,ecological,andeconomicimpactsontheircommunities andpromotesustainableuseoflocalresourcesinSoutheastAlaska. Entrepreneurstrainedin howtolaunchabusiness orexpandasideproject Hoursofgroup trainingprovided Hoursofgroup trainingprovided 26 3848 Finaliststrainedat ouraward-winning businessbootcamp 12 Experiencedentrepreneurs trainedinhowtotaketheir businesstothenextlevel Hoursofgroup trainingprovided1832 Awardedtothe winnersofthe competition:Jack Finnegan(Fishability) andBonnie&Stormy Hamar(KasaanArts, Museum,&Canoes) $50,000
ALASKANYOUTHSTEWARDS
WorkforceDevelopment
Buildingtheworkforcecontinuestobeaprimaryissueforgrowthacrossallsectorsoftheeconomy. Weknowourpeopleareourgreatestresourceandwehavebeenidentifyingwaystosupportnew andexistingpartnersandworkforceprograms.Ourworkforcedevelopmentinitiativesprepare Alaskansformeaningfuljobandcareeradvancementopportunitieswhilecultivatingleadershipand professionaldevelopmentskillsintheprocess.
19 Skill-buildingWorkshopsofferedtoCrewMembers by89communityleadersandmentors59 109 milesofexistingtrailsimprovedand 4milesofnewtrailsconstructed14 696
In2021,weexpandedourprogrammingtoofferworkshopsinFinancialWellnessandWorkReadiness, andlaunchedone-on-oneCareerCoaching.WealsosupportedregionalcoordinationoftheAlaskan YouthStewardsprogram,whichbringsyoungleadersintothefieldtoconductresearch,execute communityprioritiesliketrailbuilding,gatherwildfoodstosharewithelders,andparticipatein communityforestry.
YouthcrewmembersfromAngoon,Hoonah,Kake& PrinceofWalesIslandemployedbyChathamSchool District,HoonahIndianAssociation,OrganizedVillageof Kake,andKlawockCooperativeAssociation
13 gallonsoffoodharvestedand/or distributedtothecommunity109 13 peoplelearnedstrategiesformanagingtheirmoney,setting financialgoals,andbuildingtheircredit. gallonsoftrashcollectedbyyouth crewsduringcommunitycleanups696 33 peopletrainedineffectiveworkplacecommunication, conflictresolution,customerservice,leadership,resume building,andgoalsetting. ALASKANYOUTHSTEWARDS FINANCIALWELLNESSWORKSHOP WORKREADINESS&SOFTSKILLSWORKSHOP
•WekickedofftheinauguralFoodCatalystFellowshipwhichsupportedsixruralAlaska Nativefarmersandharvestersanddirected$15,000infundingtoeachoftheirfood securityprojects.
CommunityFacilitation&Planning
In2021,wecontinuedtoinvestinbuildingthedeeprelationshipsandtrustformedthrough theSustainableSoutheastPartnership(SSP)tosupportcommunity-drivenprojectsthatdrive lastingchangeinourregion.
•WedeepenedourinvestmentincommunityplanningbydevelopingaComprehensive CommunityPlanfortheCityofKake
•Wehostedourlargest-everSSPFallRetreatvirtuallywith85participants,wherewe introducedanewonboardingprocessandfocusedonhealingwork.
67 hoursspentbuildingrelationshipsduringretreats andmonthlyhangouts investedinSSPCatalystsalaries$402,573 95+ collaborativeprojectssupported “Neverdoubtthatasmallgroupofthoughtful,committedcitizenscanchange theworld;indeed,it'stheonlythingthateverhas.” -MargaretMead
•WeprovidedfacilitationsupporttotheSitkaHealthSummitandtheSoutheastAlaska FarmersSummit
•WesupportedTlingit&HaidaandtheUSFSinlaunchingtheIndigenousGuardians networkwhichsupportsAlaskaNativecommunitiesinexpressingtheirinherent sovereigntyandmanagingtheirhomelandsandwaters.
Afewhighlights:
hoursspentbuildingrelationshipsduringretreats investedinSSPCatalystsalaries
TheSeacoastTrustenvisionsaneweconomicmodelforSoutheastAlaska,oneinwhich accesstocapitalandastrongfoundationofIndigenousvaluesisthebasisforhealthy communities,intandemwiththeconservationofnaturalresourcesforthebenefitoffuture generations.
“Sustainablecommunitiesmake sustainabledecisions.Communities atriskmakeshort-termdecisions basedonimmediateneed.The SeacoastTrustwillhelpcreate sustainabilityacrosstheregion throughprovenIndigenous stewardship.”
In2021,thepartnersintheSustainableSoutheastPartnershipsetouttoraise$20millionto starttheSeacoastTrust,afundthatwillpowertheworkoftheSustainableSoutheast Partnershipinperpetuity.Sealaska’s$10millionmatchingchallengewasmetbyan$8million commitmentbyTheNatureConservancy.Andtoroundouttheyear,RasmusonFoundation andtheEdgertonFoundationfollowedsuit,eachcommittinganadditional$1million.
-AnthonyGunnuk’Mallott,CEOofSealaska andSpruceRootBoardMember
SustainableInvestment
SaleofAsset
FirstNationalBankAK-CDFI
TotalChecking/Savings
PrepaidExpense
Checking/Savings:
CurrentAssets
SecurityDeposit CreditBuilderLoans GrantsReceivable
GrantIncome
P2PAwards
LoansOutstanding LoanLossReserve TotalOtherAssets TotalAssets REVENUE/EXPENSE
FirstNationalBankAK-TNC
AngelFundInvestment
Travel
OtherAssets
FirstNationalBank-General
LoanProgramExpenditures
Donations
Operations
TotalRevenue
TongassFCU
RentalIncome 650 InterestIncome 10 ContractRevenue
Expenses Payroll
GrantSubrecipient 130,873 OfficeLease
OtherExpense:
ProgramIncome
FirstNationalBank-IRP
OrdinaryRevenue 2,642,120 649,587 75,853 169,555 (23,025) 3,514,830 816,524 42,438 21,521 26,219 23,802 46,975 319,525 2,031,073 54,536 (147) (43,430)
OtherCurrentAssets: ContractRevenueRec
NetOtherRevenue 43,283 NetRevenue (25,698) 2021IncomeStatement
TotalCurrentAssets
TotalOtherCurrentAssets
SSPAwards
Insurance 8,767 Internet/Telephone 45,225 401KManagement 7,567 Outreach 5,652 TrainingRegistration 2,115 TotalExpense 3,583,811 NetOrdinaryRevenue (68,981) OtherRevenue/Expense OtherRevenue:
Conference/Retreat
ContractServices
PayrollLiabilities 1,239
AccruedWagesPayable 14,316
TotalOtherCurrentAssets 406,954
RefundableAdvances 675,980
TempRestricted-Rasmuson 208,084
FirstNationalBankAK-CDFI 138,233
LoansOutstanding 657,796
OtherAssets
OtherCurrentLiabilities:
USDAIRPLoanPayable 373,722
LongTermLiabilities:
MiscLiability 1,500
AngelFundInvestment 4,853
CurrentLiabilities: AccountsPayable 32,803
CreditCards 17,268
TotalEquity 1,292,942
TNCLoan(ForLoanCapital) 461,271
FirstNationalBank-IRP 61,654
ContractRevenueRec 118,631
OtherCurrentAssets:
NetAssetswithRestrictions 325,673
Liabilities
NetIncome (25,698)
FirstNationalBank-General 1,449,617
Equity
CreditBuilderLoans 500
GrantsReceivable 269,365
PrepaidExpense 17,733
LoanLossReserve (66,758)
TotalCurrentLiabilities 781,770
TotalCurrentAssets 2,336,324
TNCMooreLoanLossReserves 70,000
AccruedLeavePayable 38,547
TotalLiabilities 1,639,273
TotalLiabilitiesandEquity 2,932,216
TotalOtherAssets 595,892
TotalOtherCurrentLiabilities 731,699
NAwithRest-SeacoastTrust 22,393
RetainedEarnings 592,490
TotalAssets 2,932,216
LoanInterestPayable 5,598
TotalChecking/Savings 1,929,370
StatementofFinancialPosition
CurrentAssets
TempRestricted-RasmusonLoanL 100,000
AccruedTaxes/401K 1,617
FirstNationalBankAK-TNC 255,356
CBALoan 16,912
TongassFCU 24,510
TotalLongTermLiabilities 857,503
SecurityDeposit 725
Checking/Savings:
NormanCohen BoardMember
MarinaAnderson(SSPDeputyDirector),AaronFerguson(SpruceRootDeputy Director),ElleWeberling(SSPCommunicationsCatalyst),RalphWolfe(SSPDirector),LaurelStark (OutgoingProgramManagerforWorkforceDevelopment),MichaelMausbach(ProgramManagerfor WorkforceDevelopment),CaitlinWay(ProgramsManager),AlanaPeterson(ExecutiveDirector),Aldyn Brudie(AdministrativeCoordinator),AshleySnookes(DirectorofTechnicalAssistance),andIsabella Haywood(CommunicationsManager).
JoeNelson BoardMember
ChrisPerez BoardMember
AnthonyMallott BoardMember
LizLaQuenNáay MedicineCrow BoardMember
SarahDybdahl BoardMember
MeetOurTeamand BoardofDirectors
LeslieIsaacs Chairmanofthe Board
Our Board:
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CapricePratt(LendingOutreachSpecialist)&IsabelleRowland-Weisz(AlaskaFellow)
Simpson,Tillinghast,Sheehan&Araujo,P.C. SoutheastConference
TongassFederalCreditUnion
MinorityBusinessDevelopmentAssociation
SealaskaHeritageInstitute
RainCoastData
TheNatureConservancy
UniversityofAlaskaCenterforEconomic Development
UnitedStatesForestService
GUNALCHÉESH,HÁW'AA,NT'OYAXSN,THANKYOU!
LaunchAlaska
RuralLISC
NativeAmericanAgricultureFund
TyreeCharitableTrust
Wetakeprideinourworkandaregratefultobeworkinginservicetotheregiontobuild collaborativeandsustainablesolutionstoeconomicdevelopment.Alone,wewillnot succeed.Thankyoutoourpartnersandfundersforcontinuingtosupportourmission!
McKinleyResearchGroup
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AllenMarine
GreaterKetchikanChamberof Commerce
CDFIFund
NationalFishandWildlifeFund
FirstAlaskansInstitute
CentralCounciloftheTlingit&Haida IndianTribesofAlaska
GreenWave
AlaskaVentureFund
MargaretA.CargillPhilanthropies
EdgertonFoundation
AudubonAlaska
OurPartnersandFunders
NationalForestFoundation
Ecotrust
NDNCollective
SheinbergAssociates
AlaskaDepartmentofCommerce, Community&EconomicDevelopment
49thStateAngelFund
AEL&P
AlaskaConservationFoundation
Sealaska
AlaskaNativeHeritageCenter
UnitedStatesDepartmentofAgriculture
NativeConservancy
W.K.KelloggFoundation
WellsFargo
WostmanAssociates
ElgeeRehfeld
AlaskaCommunityFoundation
AKLitho
OpportunityFinanceNetwork
CoeurAlaskaKensingtonMine
HoonahIndianAssociation
EvergreenBusinessCapitalFoundation
KlawockCooperativeAssociation
OweestaCorporation
