2014 Annual Report
Building Tomorrow
Coastal Villages Region Fund
TABLE OF CONTENTS
Mission Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Message from the President . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Message from the Executive Director . . . . . . . . . . . . . . . . . . . . . . . Board of Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CVRF at a Glance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Bering Sea Operations Pollock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Crab . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Cod . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
CVRF Community Benefits
Community Benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Coastal Villages Seafoods (CVS) . . . . . . . . . . . . . . . . . . . . . . . . . Halibut Fishery . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Salmon Fishery . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . In-Region Tender Fleet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Community Service Center Staff . . . . . . . . . . . . . . . . . . . . . . . . . Program Services Scholarships & Training . . . . . . . . . . . . . . . . . . . . . . . . . . . . Internships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Employment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Youth Employment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Youth Leadership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CDQ Project Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Elder Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Heating Oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Outreach . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Fisheries Research . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Marine Safety . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Tax Assistance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . People PropelÂŽ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Financial Reports
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Statement of Financial Position . . . . . . . . . . . . . . . . . . . . . . . . . . Statement of Activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . General and Administrative Expenses . . . . . . . . . . . . . . . . . . . . . Notes to the Financial Statements . . . . . . . . . . . . . . . . . . . . . . . .
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CVRF MISSION STATEMENT Strategic Intent (Vision)
Continuous focus on balancing growth in commercial fishing and sustainable development of CVRF communities.
Strategic Mission
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.
Core Values • • • • • • •
Effective Strategic Leadership Trust, Integrity, and Teamwork Respect for and Understanding of all PEOPLE Active Community Participation Respect for and Understanding of the Land, Sea, and the Resource Growth and Sustainability through Maximum Return on Capital Industrious People + Job Opportunities = Self Determination
Core Competencies • • • • • •
Balance the needs, wants, and expectations of all-now, and 7 generations from now Understand risks/rewards, develop a plan of action, support it and execute on it Deliver efficient and equitable economic benefits to our communities Develop and deploy successful business models and adapt as needed for future use Support bold thinking and continuous innovation Deliver disciplined, purposeful, and sensible initiatives to sustain and stimulate new economic growth in our region
Building Tomorrow
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MESSAGE FROM THE PRESIDENT To the 9,400 residents of our 20 member communities: In 2007, the CVRF Executive Committee met in the rented office in the laundromat in my village of Napakiak. I attended that meeting not sure what CVRF had to offer our villages and quickly found that CVRF was a growing force. I wanted to be a part of that growth. To make a long story short, I had run for and been elected to the Board of Directors by October 2008. A month later, we made the hard decision to license our Pollock to another harvesting company in order to maximize the value for our region. In my seven years on the Board, I have seen a lot of growth and I have seen a lot of growing pains. Our Board has had its struggles but we always seem to do the right thing; we constantly strive for improvement. Our Board members have to set aside the differences of each of our individual communities and work together. There are too many people that depend on what we do and how we act to do otherwise. Today, I am proud to serve as Chairman of the Board of the largest Alaskan owned seafood company in history. CVRF has grown and adapted and found ways to be more efficient and effective. Our region has worked hard to unite, but that work never stops and we must never lose our focus on our togetherness. We cannot think of ourselves as only being from this part of our region or from that village in our region. We must also think of ourselves as one region and one people. We all have the same problems and we must help each other to solve those problems. We must work together to find solutions. I commend the staff for taking the hard steps to advance the earning power of CVRF and working hard to provide economic benefits to our entire region. But I encourage the staff to never settle for “good enough� and I challenge them to take the necessary steps to grow the company further so that the people of the region can benefit more from the Bering Sea. I commend the Board of Directors for working to understand the opportunities in front of us and make difficult decisions. But I must challenge the Board to work even harder to move our company forward. The CVRF Board of Directors has over 120 years of collective experience working together to guide CVRF onward and upward and I look forward to seeing us put that experience to greater use. My six year term on the Board of Directors is up this year. I hope that I will be able to return to the Board but if I don’t, I trust that the organization will keep moving forward because our work is for the people of this region. I take pride that we have come so far. I take pride in the fact that we have gone from renting space in the Napakiak laundromat to owning and operating Community Service Centers in all of our communities. I take pride in the fact that we have gone from leasing our quota to owning and operating our own harvesting and processing ships. I take pride in the fact that we have over $304 million in assets at the end of 2014, a growth factor of almost four times more than 2007. And while growing our balance sheet, we have delivered more than $240 million in benefits to our communities during that time. For whoever is elected to our Board this fall, I challenge them and the region to remain strong and united. I challenge the Board to be focused and dutiful. I challenge the staff to press forward into the next phase of CVRF growth. And I challenge our elected leaders in Juneau and Washington to ensure the CDQ program delivers benefits fairly, efficiently and effectively throughout the CDQ region. Tomorrow is yours!
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Richard Jung, CVRF Board Chairman
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MESSAGE FROM THE EXECUTIVE DIRECTOR
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BOARD OF DIRECTORS Community Elections
Coastal Villages’ Board of Directors is comprised of democratically elected representatives from each of our 20 member communities. Every two years, one third of the Board members are up for democratic election in their respective community. CVRF Board members must be a permanently domiciled resident of the community they are representing, Elections are run under a standardized democratic process designed to give fair voice to all residents of the community.
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Upcoming 2015 Elections
The last CVRF Board member elections were held in 2013. The following Board seats are up for election in 2015: Community Chefornak Chevak Goodnews Bay Napakiak Nightmute Scammon Bay
Board of Directors at the end of 2014
Name Paul Tulik James Akerelrea George Chuckwuk Evan S. Evan John Andy Gabriel Olick Skye-Michael Chayalkun Joe Avugiak Walter Brown Eric Olson Sr. Oscar Active Sr. Roland Lewis Edward Shavings Jr.
Title President Vice President Secretary Treasurer Executive Committee Member Executive Committee Member Executive Committee Member Board Member Board Member Board Member Board Member Board Member Board Member
Community Nightmute Scammon Bay Kipnuk Goodnews Bay Newtok Tuntutuliak Chevak Chefornak Eek Hooper Bay Kongiganak Kwigillingok Mekoryuk
Richard Jung Stephen Maxie Jr. Frank Berezkin John Samuel Darren Cleveland Robert Pitka Felix Albert
Board Member Board Member Board Member Board Member Board Member Board Member Board Member
Napakiak Napaskiak Oscarville Platinum Quinhagak Toksook Bay Tununak
CVRF Board Meeting in Anchorage- April 2015
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Current Member Joe Avugiak Skye-Michael Chayalkun Evan S. Evan Richard Jung Paul Tulik James Akerelrea
Fisherman? Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Term 2009-2015 2009-2015 2011-2017 2009-2015 2013-2019 2013-2019 2009-2015 2009-2015 2011-2017 2011-2017 2013-2017 2013-2019 2015-2021
Yes Yes Yes Yes Yes Yes Yes
2009-2015 2013-2019 2011-2017 2013-2019 2013-2019 2013-2017 2013-2019
CVRF Board Meeting in Kwigillingok- July 2015
CVRF Board Meeting in Kwigillingok- July 2015
Executive Board in Anchorage- February 2015
Paul Tulik & Skye-Michael Chayalkun
Joe Avugiak & Felix Albert
Evan Evan & John Samuel at the Smoolaq Memorial
Walter Brown, Roland Lewis, James Akerelrea & Stephen Maxie Jr.
Joe Avugiak, Oscar Active Sr., James Akerelrea & Edward Shavings Jr.
Richard Jung, Skye-Michael Chayalkun, & Gabriel Olick
Annual Board meeting in December 2015
Frank Berezkin, Eric Olson & Roland Lewis
Skye-Michael Chayalkun & Richard Jung
Darren Cleveland & Felix Albert
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CVRF AT A GLANCE
Coastal Villages Region Fund
20 Communities | 20 Board Members | 150+ Staff
Coastal Alaska Premier Seafoods Bering Sea Operations 7 Wholly Owned Vessels
123 million pounds of seafood caught
Coastal Villages Pollock (CVP) 135 Crew Members | 1 Catcher/Processor 92 million pounds caught in 2014
Programs & Projects Benefits to 9,400 Residents
Coastal Villages Crab (CVC)
$322 million spent between 1997-2014 in-region!
26 Crew Members |3 Crab Vessels
6 million pounds caught in 2014
Coastal Villages Seafoods
(CVS)
Coastal Villages Longline (CVL) 60 Crew Members | 3 Vessels
25 million pounds caught in 2014
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200+ Processors | 1,000+ Fishers & Crew 30+ Tender Crew | 6 Tenders 2014 Salmon & Halibut Payments: $2.8 million
BERING SEA OPERATIONS Leveraging monies generated by leasing CDQ quota and investing in fishing partners over the last 17 years, CVRF has acquired its own fleet of Bering Sea vessels and has become the single largest Alaskan-owned fishing company! We are the first to realize the dream of the CDQ program – real Western Alaskans owning real boats catching real fish. And we have accomplished this feat while at the same time infusing over $322 million dollars in projects and programs into our member communities. What an exciting time! Coastal’s Bering Sea operations are what generate the cash that CVRF uses to pay for CSC jobs, in-region fishing and processing opportunities, and the other programs and services for our 20 member communities. If we don’t fish profitably in the Bering Sea, we will not be able to give money for scholarships, donate heating oil to families in need, buy fish from local fishermen, provide lowercost equipment through the People Propel® program, or employ mechanic/welders.
COASTAL ALASKA PREMIER SEAFOODS
In 2014, we combined all of our existing Bering Sea operations into a single platform – Coastal Alaska Premier Seafoods (CAPS). This entity was created with the vision of building a world class seafood harvesting, processing and marketing company focused principally on the fishery resources of Alaska and the Bering Sea, owned by and operated for the benefit of Alaskan residents within the Coastal Villages region. The focus of CAPS is to provide a wide variety of work opportunities for the people of both our region and our state, and to maximize the cash flow available over the long term to fund programs and economic development projects designed to benefit the people of our region. Three primary operations are housed within CAPS: pollock, crab, and cod fishing.
POLLOCK
Northern Hawk: Coastal Villages is the sole owner and operator of the C/P Northern Hawk, a 341 foot catcher/ processor that crews up to 135 people. This vessel is crucial to Coastal’s ability to provide benefits to our region – without a successful and profitable pollock fishing operation, the vast majority of the projects and programs that happen in our communities would no longer exist.
The 491 chinook caught by CVRF in 2014 and donated to food banks in Alaska resulted in over $21 million in cash to help the people of our region. BSAI Partners, LLC: Coastal Villages Region Fund and Norton Sound Economic Development Corporation (NSEDC) joined together in 2011 to form BSAI Partners, LLC. This partnership, along with an affiliate of Maruha Nichiro, purchased inshore pollock quota and vessels from Wards Cove Packing Company. CVRF and NSEDC each own approximately 35.5 percent of this fleet, with Maruha Nichiro owning the remaining 29 percent. This operation generated $8.9 million in revenue for our 20 CVRF villages. Thank you to our hard working pollock crew for another profitable year for the benefit of the people of the CVRF region!
CRAB
Coastal Villages is the sole owner and operator of the crab vessels Arctic Sea, North Sea and Wassilie B. The Bering Sea was sold during the year in order to maximize efficient use of our company’s assets. CVRF hired 7residents to work on the crab vessels in 2014 – these residents earned $473,490 in wages. As a whole, Coastal’s crab vessels generated $10.9 million in cash for our 20 CVRF Villages. Working on our crab vessels is a difficult but rewarding job. CVRF would like to thank the crew-members who worked on our crab boats for their tireless effort and the impact that those efforts help to make in our communities. 2014 REGION CREW ON 100% CVRF OWNED AND OPERATED CRAB BOATS Name Community Name Community Christopher Fox Quinhagak Chester Mesak Kipnuk Isiah Ivon Kongiganak Aaron Oscar Mekoryuk Glenn Joe Jr. Hooper Bay Jerry Tulik Toksook Bay Clayton Ulroan Chevak
COD
Coastal Villages wholly owns and operates the Lilli Ann, North Cape and Deep Pacific - three cod longliners that fish in the Bering Sea. The Lilli Ann and Deep Pacific generated $4.4 million in cash in 2014 for the benefit our of 20 communities. Thank you to our hard working longline crew for their dedication.
Coastal spends a significant amount of money on technology to avoid the incidental catch of salmon and moves to new fishing locations if needed. But fishing is fishing and if there are more salmon swimming in the ocean, it is likely that there will be more salmon caught.
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COMMUNITY BENEFITS People Helping People The Coastal Villages region is rapidly growing. However, the economy continues to struggle due to a lack of enough steady jobs for everyone. CVRF works hard every day to create real jobs for our residents. Our goal is to create jobs with real expectations that promote real achievements by our residents. At the same time, we continue to pursue and invest in economic development that all of us can rely on to support our region for the long run. The benefits provided by Coastal Villages Region Fund – totaling over $28 million in 2014 alone, and over $322 million since 1997 – are having a dramatic impact within our region. The more that our region grows, the more important it is that we focus on working together with a united front. No matter who we are or which village we come from. We are one community, not 20 - the Coastal Villages Community. Through unity, teamwork, mutual respect and thoughtfulness for each other, we will grow stronger together, and we will be able to do even more to help each other. We will build tomorrow!
Amber Lupie - Tuntutuliak
Chefornak audience during the 2014 Christmas program
Toksook Bay 2014 headstart class
Residency is Important Of the six CDQ Groups within the western Alaska Community Development Quota Program, CVRF serves the largest population at over 9,400 residents. In order to qualify for programs and benefits, a resident has to simply live in any of the 20 CVRF member communities (some of our programs do, however, require a minimum residency period). CVRF’s residency requirements ensure that the benefits of CDQ remain intact for our 20 member villages.
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Tyler John at the Board meeting in Kwigillingok
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CVRF’s residency requirements ensure that the benefits of CDQ remain intact for the residents of our 20 member villages.
Eskimo dance group in Tuntutuliak
Toksook Bay Dance Festival
Hooper Bay- NBC Camp
Toksook Bay 2014- 2nd grade class
Gertrude Evan, Jessilyn Oscar, Lucy Jones & Susan Aluskak- Napakiak
Isaiah & Linda- Mekoryuk
Glenda Stone with children- Hooper Bay
Kongiganak Clean-up Green-up participants
Ethel Phillip, Jennie Friend & Agnes AmikKwigillingok
Children of Eek
Quinhagak audience
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Coastal Village Seafoods: A Program for Local Fishermen
Commercial fishing line by Goodnews Bay
CVRF owns and operates a state of the art processing facility near the small village of Platinum. This facility was built from scratch by CVRF, including a well and water purification system, power generation systems, crew quarters, and cafeteria. The plant employs approximately 150 processors every year, and operates with an over 80 percent region resident hire rate and over 90 percent Alaska hire rate. We buy fish from close to 600 local fishermen a year. From 2006 to 2014, Coastal has paid local fishermen over $27 million dollars for their catch. The processing facility in Platinum, and all the associated operations, would not be possible without subsidies from CVRF’s Bering Sea pollock, cod, and crab fishing operations.
Workers in Platinum
Workers in Platinum
Workers in Platinum
Workers in Platinum
Unloading fish from the tender
CVRF remains committed to getting the allocations fixed so that our growing region will continue to experience the full potential of the CDQ Program.
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2014 Halibut Season • Due to the low halibut quota for 2014, CVRF bought halibut from those fishermen who had proven their abilities over the years in order to limit an unsafe race for fish. • 27 resident halibut captains fished for and caught 108,977 pounds of halibut and earned $174,363. • $68,656 in bonuses were paid to the people that fished in 2014, and $31,400 was paid to 2013 fishermen who did not get to fish in 2014.
2014 Salmon Season • Coastal has been operating in the local salmon fishery for 16 consecutive years. • In 2014, Coastal purchased 2,266,515 pounds of salmon from 461 commercial salmon captains and paid $2,277,206 with a bonus of $150,720. Altogether $2,427,926 was paid to local fishermen, both from CVRF member villages and from the surrounding area, in 2014 for their wild-caught Alaskan salmon.
2014 Commercial Fisher Pay (with bonuses) Community Herring Halibut Salmon Total Chefornak Chevak Eek Goodnews Bay Hooper Bay Kipnuk Kongiganak Kwigillingok Mekoryuk Napakiak Napaskiak Newtok Nightmute Platinum Quinhagak Scammon Bay Toksook Bay Tuntutuliak Tununak Total
7,750 2,000 6,250 20,000 2,000 22,250 1,250 0 9,500 0 0 0 9,750 4,500 2,500 20,250 20,750 3,750 10,000 142,500
17,792 800 0 600 2,200 3,800 1,000 200 72,631 0 0 2,700 22,525 200 3,200 0 123,619 200 22,952 274,419
0 0 178,050 294,043 0 7,426 105,651 22,170 0 85,291 46,455 0 0 28,541 573,752 6,190 0 335,000 0 1,682,569
25,542 2,800 28 184,300 314,643 4,200 33,476 107,901 22,370 82,131 85,291 46,455 2,700 32,275 33,241 579,452 26,440 144,369 338,950 32,952 2,099,488
• By species, CVS bought: • 242,042 pounds of Chum • 1,534,749 pounds of Coho • 25,939 pounds of Chinook • 463,785 pounds of Sockeye
In-Region Tenders
Wassillie B
Camai
• The Camai bought $319,484 worth of salmon, the Hawk bought $204,452 worth of salmon, the Kelly Mae bought $400,565 worth of salmon, and the Wassilie B bought $51,416 worth of salmon. The contract vessels, Elsie M and Eider, bought $449,848 worth of salmon. • The Wassilie B tendered 108,977 pounds of halibut at South Nunivak Island. Commercial fishers
Platinum
Kelly Mae
Hawk
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Community Service Centers Coastal has Community Service Centers in 19 of our 20 member communities and rents office space in the TC building in Platinum. The CSCs are open to the public for services such as: meeting room rental, shop space rental, mechanic/welding services, internet access, and acquiring information on CVRF’s many programs and benefits. The staffing and operational costs of the CSCs are subsidized by income from CVRF’s operations in the Bering Sea. Mechanic/Welders in Anchorage for training December 2014
We encourage you to visit your CSC to learn more about what CVRF has to offer. The normal operating hours of the CSC buildings are Monday-Friday from 8:00AM to 5:00PM.
Community Service Center Staff Each of our staff plays a vital role in delivering the many benefits and services that CVRF provides each year. CVRF has both full-time and part-time Community Service Representative and Mechanic/ Welder positions that are available year-round in all of our communities. Xavier Tulik- CSR from Toksook Bay, George Hooper- CSR from Tununak, & Carol Brown CSR from Eek
Tiffany Daniel- Kwigillingok CSR & Deloras Lozano- CSM from Kongiganak
Janet Erik -Communications Specialist from Chefornak
Xavier Tulik -CSR from Toksook Bay speaking at the Board meeting December 2014 Liana Pingayak, Morgen Crow, Caryn Dull, & Jonathan Lewis
CSRs in Anchorage for training- December 2014
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Joe Joseph- Kogiganak M/W & Liana Pingayak- Chevak CSM
Lisa Charles- Newtok CSR, Floretta Nanalook- HR Specialist & Caryn Dull- Napakiak CSR
Chevak Community Service Center
Alexie Foster & Chris Sharp applying for CVS jobs
Jamie Roberts YTW of Quinhagak working in the CSC
Kongiganak Community Service Center
Edwin Azean of Kongiganak
Sinka Atchak working in the Chevak CSC
Toksook Bay Community Service Center
Sherilan Beebe & Corbin Brown of Eek utilizing CSC computers
Emma Andrew of Kongiganak
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Scholarships & Training • 148 awards (70 in the spring and 78 in the fall) were given in 2014 totaling $391,899. • Since 2006, CVRF has awarded over $4.5 million to 1,151 recipients. • The deadline to submit applications for fall semester scholarships (August through December) is the end of May each year. • The deadline to submit applications for spring semester scholarships (January through July) has been changed to the end of November each year starting in 2015. • CVRF awarded $57,501 to 13 residents with $26,225 in matching funds from other sources. Schools of Attendence UAF UAA UAS KUC Alaska Christian College Northwest Indian College Ashford University Salish Kootnai College
Le Cordon Bleu Illisagvik College AVTEC Charter College Alaska Career College Yuut Yaqungviat Land and Sea Aviation Northern Industrial Training
Internships • 14 Community Benefit and 8 Anchorage office Interns were hired in 2014 and earned over $100,000. • The 14 Community Benefit Interns worked at CVRF’s CSCs and helped with the CSC operations and the Youth to Work Program. In order to qualify for the internship program, a resident must be currently enrolled in or must have recently graduated from a higher education program. Hiring interns within their respective communities helps our residents find work at home in between the spring and fall semesters of college/higher education.
2014 Internships
Name Roxann Paul Kacy Green Andrew Fairbanks Dylan Kashatok Kaitlin Tom Megan John Christina Tulik Mary Bill Jessica Lewis Nicole Pingayak Brandi Hale James Joe Brian Azean Dallas Williams Stephanie Maxie Jordan George Minnie Carter-Sharp Zane DeBilt Michael Albert Aurie Hooper Victoria Hooper Stephanie Joekay
Community Kipnuk/ANC Intern Hooper Bay/ ANC Intern Newtok/ ANC Intern Newtok/ ANC Intern Newtok/ ANC Intern Newtok/ ANC Intern Nightmute/ ANC Intern Toksook Bay/ ANC Intern Chefornak Chevak Hooper Bay Hooper Bay Kongiganak Mekoryuk Napaskiak Newtok Quinhagak Quinhagak Tununak Tununak Tununak Oscarville
2014 Anchorage Interns
Brandi Hale- 2014 Hooper Bay Intern
Zane Debilt- 2014 Quinhagak Intern
• The eight interns in Anchorage worked in various departments gaining valuable work experience, including living on their own away from family. • Congratulations to Roxann Paul who was hired as CVRF’s full-time Administrative Assistant!
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Michael Albert- 2014 Tununak Intern
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Jessica Lewis- 2014 Chefornak Intern
Employment • CVRF paid over $4.6 million to 780 residents in 2014. • Of these employees, 476 were from the Youth to Work program. They earned $265,988. • CVRF residents also found employment through CVRF’s industry partners. 2014 RESIDENT EARNINGS BY COMPANY COMPANY EMPLOYEES EARNINGS CVRF 64 $1,428,240 CVRF Youth To Work 476 $265,988 CVRF Interns 22 $100,781 CVS Processing 149 $708,778 CVP Operations 6 $138,353 CVC Operations 7 $473,490 CVS In-Region Vessels 17 $178,377 CVE Operations 48 $1,392,681 TOTAL 789 $4,686,688 * This table reports more people than the by-community table because some employees worked for more than one Coastal Villages company
2014 RESIDENT EARNINGS BY COMMUNITY COMMUNITY EMPLOYEES EARNINGS Chefornak 53 $238,782 Chevak 90 $495,726 Eek 21 $231,165 Goodnews Bay 13 $98,361 Hooper Bay 90 $451,856 Kipnuk 59 $236,823 Kongiganak 54 $379,851 Kwigillingok 30 $165,487 Mekoryuk 12 $244,032 Napakiak 27 $166,841 Napaskiak 25 $118,055 Newtok 42 $216,459 Nightmute 18 $130,078 Oscarville 1 $27,779 Platinum 4 $36,505 Quinhagak 49 $400,080 Scammon Bay 59 $396,931 Toksook Bay 47 $203,226 Tuntutuliak 37 $178,298 Tununak 49 $270,353 TOTAL 780 $4,686,688
Welding a boat during Nightmute training
Platinum Employees
Mechanic/Welders during Nightmute training
Platinum Employees
Hooper Bay YTW employees
Bob Marquez, Amy Mute, & Marlene Minnette
Anchorage Staff
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Youth Employment CVRF’s Youth to Work program has grown tremendously since it first started in 2007. The program is aimed at providing youth between the ages of 14-19 years old with real-world work experience and the opportunity to learn how to support themselves while building self-esteem and self-respect. • 476 kids participated in CVRF’s 2014 Youth to Work Program, with the youth participants earning a total of $265,988. • Each youth worker is required to log their work hours and tasks, and report to their supervisors daily. This experience helps our youth build a resume that can lead to more rewarding employment opportunities in the future. • Youth worked at local businesses such as grocery stores, local governing body entities, and created traditional attire with direction and help from local instructors.
Hooper Bay YTW group
Toksook Bay YTW group
Nightmute YTW group
Quinhagak YTW group
Napakiak YTW group
• Youth also picked fresh handpicked tundra greens and delivered them to elders in a majority of the communities. • T-shirts were given out to all of our youth and business participants. • The youth celebrated the completion of the summer program with a picnic party.
Youth Leadership CVRF awarded over $88,000 in funding for youth leadership donations and contributions. Contributions were made to several different activities. CVRF supports opportunities for youth groups to engage in activities that promote a positive and healthy lifestyle. Youth Leadership Activities Basketball Camps Clean-up Committees Cultural Heritage Gatherings Clean-up Green-up Salmon Runs Basketball Camps Leadership Trips Youth Camps
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Eek YTW group
Robotics Camp- partially funded through Youth Leadership Donations
CDQ Project Fund • Over $550,000 was distributed to the designated governing bodies of each of the 20 CVRF communities. • Funding was used for many types of projects including: Project Fund Activities Village Police Officers Dump Site Workers Community Building Renovations Trail Markers Church Donations Tribal Courts Community Laundry Facility Repairs & Utilities
Community Clean-ups Search and Rescue Community Gatherings Equipment Purchases Youth Camps Water Plant Operations Boardwalk Repairs
Elder Program Heating Oil Program recipient John George- Nightmute
Heating Oil Program recipients Martha and Thomas Charlie- Tuntutuliak
Elder Program recipient Pauline Jimmie - Chefornak
Elder Program recipient Anna Wassillie- Napakiak
During 2014, 560 elders benefitted through the elder program. With a total budget of $375,000, the elder program helped with bills such as heating oil, electricity, water and sewer, gasoline, motor oil, and groceries. Elders who could not visit the CSC to verify their residency were helped by the CSRs with an elder residency verification form.
Heating Oil The budget of $375,000 assisted 1,609 households with the high cost of heating oil. CVRF staff worked with the Governing Bodies and heating oil vendors directly for the distribution of this benefit.
Outreach State basketball participants wearing sweatshirts purchased by CVRF
• CVRF distributed over 1,000 t-shirts to the residents of our 20 member communities. • All CSRs are State of Alaska Voter Registrars who can assist residents to register to vote. The CSC staff helped to get over 900 voters registered during 2014. • Coastal Villages gave sweatshirts to all the teams who earned a place to play at the 2014 State Basketball Tournament in Anchorage. Congratulations to the Scammon Bay boys who made it all the to the 1A Boys state championship game!
Scammon Bay YTW group
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Bean’s Cafe
Marine Safety
Several CVRF staff coordinated with the At-Sea Processors Association to help to serve food at Bean’s Cafe in Anchorage. Bean’s Cafe provides meals every day to the hungry and provides other social services to those in need. CVRF, through a non-profit called SeaShare, donates salmon caught on the Northern Hawk to Bean’s Cafe and other food banks in Alaska. CVRF helps to pay the additional freight costs to bring the salmon up to Alaska.
• CVRF worked with the United States Coast Guard so that CVRF residents would be able to utilize safety equipment more appropriate for their vessel sizes without jeopardizing their safety. • The safety equipment requirements are listed on handouts that were given to each commercial fisher. • CVRF maintained EPIRBs, PLBs, immersion suits, vests, throwables, whistles, and lights at each of our CSCs for residents to borrow. • 300 adult size PFDs, 300 throwables, and 200 kidsized PFDs were ordered in 2014 for residents to borrow from our CSCs.
Fisheries Research • $206,000 was committed for the following projects: o Native Village of Kwinhagak – Weir Project o Kuskokwim Native Association – Weir Project o Alaska Department of Fish & Game– Weir Project
• CVRF sent several CSRs to Seward for a Marine Safety Instructors Training session during early 2014. Two teams traveled to Napaskiak, Quinhagak, Goodnews Bay, Chevak and Hooper Bay where 180 participants attended free safety training sessions. The training sessions covered man-overboard lessons, cold water survival skills, fire extinguishers, mayday lessons, trip plans/float plans, and EPIRB/PLB usage. • CVRF provides a drum of gas per incident for Search and Rescue efforts in our communities. Over $1,100 worth of gas for SAR efforts was donated in 2014.
• These research projects help to determine the number of salmon escaping to their spawning grounds and help in the long-term management of our salmon runs.
Marine Safety training in Seward
Native Village of Kwinhagak weir
20
Karl Jones from Quinhagak working at the Native Village of Kwinhagak’s fish weir
work fish hope
Marine Safety training in Quinhagak
Marine Safety training in Napaskiak
Tax Assistance
People Propel®
• CVRF provided funding to the Alaska Business Development Center to facilitate free tax assistance services in our member communities.
The People Propel® Program was created in 2012 and has grown to be one of Coastal Villages’ most popular programs. The program was created to help CVRF residents purchase safer, more efficient boats, outboards and fishing equipment.
• The volunteer tax preparers were college students who are earning credit for their services. • 1,827 returns were completed for a total of $2,894,939 in tax refunds. • Since 2006, this program has helped region residents get almost $24 million in tax refunds.
• The CVRF Board of Directors approved up to $2 million in subsidy and up to $1.5 million in People Propel® low-interest loans for 2014. • 281 applications were approved for $1.3 million in cost to CVRF plus $1.4 million in loans. • Approved applicants purchased 197 outboard motors, 95 boats, 55 safety kits and 110 fishing nets and miscellaneous equipment. • Due to the popularity of the program and people’s committment to keep up with their loan payments, the CVRF Board approved a third round of the program for 2015.
Roberta, Jereth and Xander participating in the ABDC tax preperation program
• Since the program’s inception in 2013, CVRF has helped 717 participants purchase over $9 million worth of equipment.
ABDC free tax prep participant Leann Miller of Kongiganak Carolyn George- People Propel® recipient from Newtok
ABDC free tax prep participantNorman Nelson of Napakiak
ABDC free tax prep participants Jeffrey Black & William Brown in Eek
Joe Paul- People Propel® recipient from Kipnuk
Deanna Therchik- People Propel® recipient from Toksook Bay
ABDC free tax prep participant Jimmy Larson of Oscarville
AdolphOtto- People Propel® recipient from Kongiganak
Minnie Roberts People Propel® recipient from Goodnews Bay
Sandra Willie & family- People Propel® recipients from Napakiak
Building Tomorrow
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Consolidated Statement of Financial Position Page 18 (of 2013 annual report)
BALANCE SHEET
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Balance Sheet)
Consolidated Statement of Financial Position Years Ended December 31, 2014 and 2013 Assets
2014
Current assets: Cash and cash equivalents Trade accounts receivable, less allowance for doubtful accounts of $266,004 and $298,692 in 2014 and 2013, respectively Other accounts receivable Income tax receivable Notes receivable, current portion, net Deferred tax asset Inventory Prepaid expenses Deposits
$
29,217,067 6,151,229 69,496 — 14,506,099 — 7,362,017 3,831,552 239,497
Total current assets
18,914,634 3,806,374 181,661 313,452 301,071 26,254 9,795,585 4,338,748 232,077
61,376,957
37,909,856
533,510 5,259,650 19,386,538 93,377,745 121,405,130 3,268,287
298,510 4,259,340 32,758,231 102,131,626 121,405,130 5,043,633
$
304,607,817
303,806,326
$
2,670,072 832,400 17,109,521 19,080 27,943
3,347,229 696,416 163,815 — 26,375
20,659,016
4,233,835
Restricted cash Interest receivable, excluding current portion Notes receivable, excluding current portion Property, plant, vessels, and equipment, net Investments in fishing rights Investments in unconsolidated fishing affiliate Total assets
2013
Liabilities and Net Assets Current liabilities: Accounts payable and accrued expenses Accrued payroll liabilities Notes payable, current portion Deferred revenue Security deposits Total current liabilities Notes payable, excluding current portion Deferred tax liability Total liabilities Net assets: Unrestricted net assets Temporarily restricted net assets Total net assets Total liabilities and net assets
$
Distribution of Assets Other 1%
Investment in fishing rights 40%
CVRF has acquired a diverse array of assets that are used to generate income
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Cash & investments 10%
42,376,676 1,400,746
45,926,176
48,011,257
258,676,141 5,500
255,792,339 2,730
258,681,641
255,795,069
304,607,817
303,806,326
Owned Fishing Quotas
See notes to consolidated financial statements. Investment in fishing affiliates 1%
25,267,160 —
(Excludes CDQ Quotas)
Receivables 2% Inventory 2%
Crab 31%
Pollock 41%
Notes receivable 13%
Property, plant, & equipment, net 31%
Pacific cod 28%
CVRF leveraged our CDQ to purchase additional fishing quotas in the pollock, crab, and cod fisheries. These quotas generate the money used for projects and programs.
INCOME STATEMENT
CONSOLIDATEDStatement STATEMENT OF ACTIVITIES Consolidated of Activities (Income Statement)
Years Ended December 31, 2014 and 2013
Bering Sea Fishing Operations Seafood sales
$
Cost of sales Gross profit Other revenue, gains, and other support: People Propel® Program CDQ royalties IFQ lease fees Access fees Interest income Rent Community service centers Landing tax contribution (temporarily restricted) Gain (loss) on disposal of assets Other Total other revenue, gains, and other support Total revenues
$
Indirect expenses: Programs and projects Other operating expenses General and administrative Income tax (benefit) expense
2014 Projects, Programs, & G&A
Bering Sea Fishing Operations
Total
2013 Projects, Programs, & G&A
Total
86,433,609
5,519,014
91,952,623
89,508,973
5,912,192
95,421,165
(37,719,426)
(8,602,256)
(46,321,682)
(48,046,433)
(6,682,278)
(54,728,711)
48,714,183
(3,083,242)
45,630,941
41,462,540
(770,086)
40,692,454
— — — 1,155,216 483 — — — (136,760) 3,704
1,832,447 1,320,551 496,917 — 1,414,136 404,385 388,248 5,500 — 110,362
1,832,447 1,320,551 496,917 1,155,216 1,414,619 404,385 388,248 5,500 (136,760) 114,066
— — — 1,666,213 442 — — — 20,000 (174,632)
1,851,925 656,442 112,503 — 1,371,114 423,025 219,439 2,730 87,012 506,310
1,851,925 656,442 112,503 1,666,213 1,371,556 423,025 219,439 2,730 107,012 331,678
1,022,643
5,972,546
6,995,189
1,512,023
5,230,500
6,742,523
87,456,252
11,491,560
98,947,812
91,020,996
11,142,692
102,163,688
— 19,270,927 19,270,927 21,775,221 1,439,378 23,214,599 1,545,312 8,803,516 10,348,828 (1,374,492) — (1,374,492)
— 21,534,404 21,534,404 22,489,481 915,998 23,405,479 2,608,714 8,320,096 10,928,810 (2,175,600) — (2,175,600)
Total indirect expenses
21,946,041
29,513,821
51,459,862
22,922,595
30,770,498
53,693,093
Total expenses
59,665,467
38,116,077
97,781,544
70,969,028
37,452,776
108,421,804
Change in net assets before equity in income of fishing affiliates
27,790,785
(26,624,517)
(26,310,084)
(6,258,116)
Equity in income of unconsolidated fishing affiliate
1,720,304
Change in net assets
29,511,089
— (26,624,517)
Net assets at beginning of the year Net assets at end of the year
$
1,166,268
20,051,968
1,720,304
1,263,043
2,886,572
21,315,011
— (26,310,084)
1,263,043 (4,995,073)
255,795,069
260,790,142
258,681,641
255,795,069
See notes to consolidated financial statements.
Cummulative Revenues
Cummulative Community Benefits Cummulative Community Benefits January 1997 through December 2014
January 1997 through December 2014 Cummulative Revenues
Deduct interest income January 1997 through December 2014 Add back interest expense Add$1,200,000 back tax expense Add back depreciation expense EBITDA $1,000,000
CVRF has earned over $1 billion in its 18 years of operation. Our average annual revenue jumped Total program expense, including COGSconsiderably when we became an operator instead of a rent Total$600,000 Bering Sea operations expense, including COGS taker Total other operations expense
(483) (1,414,136) (1,414,619) 131 551,329350,000 551,460 (1,374,492) (1,374,492) 8,260,293 2,036,541 10,296,834 300,000 36,396,538 (25,450,783) 10,945,755 250,000
Total G&A expense Total$400,000 tax expense Total expenses G&A $200,000 ratio $0
59,494,647 1,545,312 (1,374,492) 59,665,467
In Thousands
In Thousands
$800,000
637,771 (2,175,600) 8,101,581 2,000,182 27,240,541 (25,043,237)
CVRF has pumped an average of $30 million into its communities each year since 2006!
27,873,183200,000 27,873,183 59,494,647 1,439,378150,0001,439,378 8,803,516 10,348,828 (1,374,492) 38,116,077100,000 97,781,544 50,000
January 1997 through December 2014 (451) (1,371,106)
10.44%
70,535,914 2,608,714 (2,175,600) 70,969,028
28,216,682 915,998 8,320,096 37,452,776
(1,371,557) 637,771 (2,175,600) 10,101,763 2,197,304
28,216,682 70,535,914 915,998 10,928,810 (2,175,600) 108,421,804 9.88%
-
Building Tomorrow
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Cash Generating Revenues
General & Administrative Expenses
Seafood Sales 92.80%
December 31, 2014
Advertising Bad Debt Expense
Bering Sea Operations 60.84%
Bank and Finance Charge
$104,690
Computer & Software Expense
$249,566
Access & IFQ Fees 1.67%
Contract Labor Depreciation Expense
Other Operations 1.47%
G&A, Net of Taxes 9.18%
Programs & Projects 28.51%
Cost of Community Benefits Fisheries Support 2.18% Local Fisheries 65.11%
Outreach 2.98% 4-SITE 2.94% CSC Operations 12.68%
People PropelÂŽ 11.26%
Elder Program 1.27%
Heating Oil 1.60%
Ratio of G&A Expenses to Total Expenses 120.00%
100.00%
CVRF maintains a low G&A rate 80.00%
$92,320
CDQ Royalties 1.33%
Other 4.20%
Total Expenses
$4,994
$896 $89,024
Donations & Contributions
$9,088
Drug Screening & Pre-Employment Expenses
$1,952
Dues, Permits. Taxes & License Employee Benefits
$49,533 $532,566
Employee Educations Assistance
$11,953
Freight
$42,724
Fuel
$1,849
Insurance
$757,397
Interest Expense
$526,422
Internet Fees
$35,480
Meals and Food Expense
$52,248
Miscellaneous Expense Payroll
$9,737 $5,363,758
Penalties
$3,021
Per Diem
$69,228
Printing and Production Costs
$9,346
Professional Fees and Services
$1,458,674
Promotions Rental Expenses Repairs and Maintenance
$546 $105,059 $1,661
Subscriptions
$13,314
Supplies
$79,176
Training
$22,418
Transportation and parking
$31,798
Travel Expenses
$528,513
Utilities
$78,862
40.00%
Vehicle Expense
$11,015
20.00%
Total Expenses
60.00%
0.00%
24
work fish hope
$10,348,828
NOTES TO THE FINANCIAL STATEMENTS Professional Fees
Consulting:
Legal:
Steven A. Rieger
$116,738
General Legal
$471,652
North Inlet Advisors
$100,250
TOTAL Legal
$471,652
Employee Benefit Management Services
$78,611
Accounting:
Waveland
$67,720
KPMG - Tax Preparation and Strategies
Interactive Business Information System
$54,482
KPMG - Benefit Plan Audit
Sea State
$48,162
KPMG - Audit Services
$201,224
HealthForce
$24,537
TOTAL Accounting
$289,824
Elliott Bay Design Group
$24,340
Lobbying:
Charles E. Wilson Jr.
$23,850
Federal & State Lobbying
$170,250
Alaska Pension Services dba United Retirement
$23,624
TOTAL Lobbying
$170,250
James A. Richardson dba ResourcEcon
$20,000
SOLUTIONS@MBA, LLC
$18,200
Donegan and Associates
$17,781
John Hancock
$13,560
Other Consulting
$78,317
TOTAL Consulting
$66,100 $22,500
$710,172
During 2014, CVRF committees met on the following dates:
Committee
Meeting Dates
Members/Attendees
Executive Committee
January 21, 2014 April 9, 2014 May 27, 2014 June 2, 2014 June 5, 2014 June 17, 2014 July 24, 2014 August 15, 2014 November 19, 2014
Felix Albert, Evan Evan, John Andy, Skye-Michael Chayalkun, Gabriel Olick Paul Tulik, James Akerelrea, Felix Albert, Evan Evan, Gabriel Olick, John Andy, Skye-Michael Chayalkun Paul Tulik, James Akerelrea, Evan Evan, Gabriel Olick, John Andy, Skye-Michael Chayalkun Paul Tulik, James Akerelrea, Evan Evan, John Andy, Gabriel Olick, Skye-Michael Chayalkun Paul Tulik, James Akerelrea, Evan Evan, Gabriel Olick, John Andy, Skye-Michael Chayalkun Paul Tulik, James Akerelrea, Evan Evan, Gabriel Olick, John Andy, Skye-Michael Chayalkun Paul Tulik, James Akerelrea, Edward Kiokun, Evan Evan, Gabriel Olick, John Andy, Skye-Michael Chayalkun James Akerelrea, Edward Kiokun, Evan Evan, Gabriel Olick, John Andy, Skye-Michael Chayalkun Paul Tulik, James Akerelrea, Gabriel Olick, Skye-Michael Chayalkun
Coastal Villages Pollock
December 10, 2014
Paul Tulik, James Akerelrea, Skye-Michael Chayalkun
Coastal Villages Crab
December 10, 2014
George Chuckwuk, Roland Lewis, Darren Cleveland
Coastal Villages Longline
December 11, 2014
John Andy, Walter Brown
Coastal Villages Seafoods
January 3, 2014
Coastal Villages Enterprises
June 2, 2014 December 11, 2014
James Akerelrea, John Andy, Gabriel Olick, Darren Cleveland, Robert Pikta (also participating were Board officers Paul Tulik, Evan Evan, Felix Albert) James Akerelrea, John Andy, Gabriel Olick, Darren Cleveland, Robert Pikta Stephen Maxie, Jr, Paul Tulik, Robert Pitka, John Samuel, Felix Albert
December 11, 2014
Richard Jung, Gabriel Olick, Paul Tulik
Policy & Compensation Committee January 21, 2014 August 13, 2014
Felix Albert, Evan Evan, John Andy, Robert Pikta Paul Tulik, James Aerelrea, John Andy, Robert Pikta
Ad-Hoc Committee
Paul Tulik, James Akerelrea, Felix Albert, Gabriel Olick, Stephen Maxie Jr.
April 8, 2014
Building Tomorrow
25
NOTES TO THE FINANCIAL STATEMENTS Auditor KPMG, LLP performed the audit and prepared the audit report upon which the financial information presented in this annual report is based.
Board Compensation Policy and 2014 Board Fees CVRF Board members receive a daily stipend during meetings and an additional monthly stipend for the CVRFrelated work that occurs between CVRF meetings. The CVRF Compensation to Key CVRF Personnel Board compensation policy was adopted in June of 2004 The CVRF Board of Directors continues to set aggressive after consultation by CVRF with independent experts, and goals and objectives for CVRF and therefore seeks to hire, the policy stipulates that any changes must be approved by retain, and motivate the highest caliber employees at every an independent body. The policy was updated in January level of operation. In 2014, the top ten highest paid personnel 2011 and was approved by the Independent Authorized Body earned the following: Executive Director Morgen Crow comprised of an independent member of each community. $475,000, Arctic Sea Skipper Owen Kvinge - $389,141, North Sea Skipper Robert Thelen - $361,328, Director of Business The CVRF board compensation policy is consistent with Development Angela Pinsonneault - $275,000, Bering Sea Rebuttable Presumption of Reasonableness guidelines. Operations General Manager Michael Coleman - $275,826, During 2014, CVRF paid its board members a total of Northern Hawk Fish Master Harold Longvanes - $251,535, $706,356 in salaries, stipends and benefits. The Board Coastal Village Seafood Manager Nicholas Souza - $200,929, members who participated in the regional fishery made a Northern Hawk Skipper James Egaas - $233,483, Northern total of $60,999 in commercial fish tickets for salmon and Hawk Factory Manager Terje Gjerde- $208,759, Senior Port halibut delivered to Coastal’s in-region seafood operation. Engineer Kenneth Tippett- $208,466. The highest amount paid to any of the 9 CVRF Board The Board follows Rebuttable Presumption of Reasonableness guidelines in determining the compensation for its Executive Director and top 4 executives, a process which includes comparisons with compensation levels at other similar companies. In 2014, the following bonuses were paid to key CVRF staff: Director of Business Development Angie Pinsonneault- $65,000, Bering Sea Operations General Manager Mike Coleman- $30,000, and Coastal Villages Seafoods Manager Nick Souza- $45,000.
Fish Deliveries by CVRF Employees During 2014, 18 CVRF employees made deliveries of salmon, and/or halibut to Coastal’s in-region seafood operations and received a total of $70,437 in fish ticket payments that were in addition to compensation received by them as CVRF employees. The highest amount received was $13,135 and the lowest amount received was $200. Even after the additional income from the salmon and/or halibut deliveries, none of the 18 were among the top five highest paid personnel at CVRF or its subsidiaries.
26
work fish hope
members for delivery of salmon and/or halibut was $41,877 and the lowest was $200.
Related Party Transactions Board Member: Edward Kiokun Relationship: Sister: Marlene Minnette Job Title: Program Specialist Amount: $82,614 Board Member: Edward Kiokun Relationship: Wife: Beatrice Olrun-Kiokun Job Title: Community Service Representative Amount: $42,058 Board Member: Eric Olson Relationship: Daughter: Cheryl Smart Job Title: Community Service Representative Amount $50,472 Board Member: Paul Tulik Relationship: Brother: Xavier Tulik Job Title: Community Service Representative Amount: $42,244
Legal Proceedings Involving Directors CVRF was not engaged in any litigation with any of its directors during 2014. Professional Fees In 2014, Coastal Villages paid the following fees for professional services: (1) $471,652 in legal fees; (2) $710,172 in consulting fees; (3) $289,824 in accounting fees; and (4) $170,250 in lobbying fees. Please see the table on page 25 for further detail. Auditor Relationship Coastal Villages did not have any disagreements with our auditor in 2014. CVRF received non-audit services from our auditor (KPMG) in 2014: we paid KPMG $66,100 for tax services. Committees The CVRF Bylaws create a CVRF Executive Committee consisting of seven members: the CVRF President, Vice President, Secretary, Treasurer, and three at-large CVRF Board members. The CVRF Executive Committee is authorized by the Bylaws to exercise all authority of the full CVRF Board in managing CVRF, except for the selection of CVRF officers and Executive Committee members. The CVRF Bylaws also authorize the President, with approval of a majority of the CVRF Board, to appoint other CVRF committees with such functions, powers, and duties as determined by the President and CVRF Board. Using this authority, CVRF has established a Policy/Compensation Committee to make recommendations to the Board on CVRF policies, including as related to: investments, employee compensation, in-region fisheries, donations, artwork, board travel, participant eligibility, and other matters. CVRF has additionally established a Finance Committee to advise the board on budgeting and financial matters. For the subsidiaries of CVS, CVP, CVC, CVL, and CVE, CVRF has established a committee that functions as a subsidiary Board. Additional Compensation Disclosures Coastal Villages fully discloses the compensation of its top personnel in each annual report to its residents. The federal CDQ statute specifically requires each CDQ group to
disclose the “compensation levels of the top 5 highest paid personnel” (16 U.S.C. 1855(i)(1)(F)(ii)) . Until 2012, there was also a CDQ rule requiring the disclosure of the “total amount…received by each such individual.”. CVRF believes that its residents have a fundamental right to more information than what is currently required by the statute, and that providing full and fair disclosure is the best way to ensure strong self-governance, the key to the longterm success of any enterprise. We believe that this approach is in the best interest of our communities, the CDQ program as a whole and our industry over the long term. In the spirit of full disclosure, CVRF has always disclosed the total amount paid to our top 5 personnel, whether they are office staff or crew members. Starting with the 2012 annual report, we expanded our disclosure to include our top 10 personnel and payments for fish made to staff and to Board Members. Additionally, we are also disclosing the top 10 “office only” staff, as shown here: Staff
Title
Salary
Bonus
Morgen Crow
Executive Director
475,000
-
Angela Pinsonneault
Director of Business Development
275,000
65,000
Bering Sea Operations General Manager
275,826
30,000
Nicholas Souza
CVS Manager
200,929
45,000
Kenneth Tippett
Senior Port Engineer
200,466
8,000
Michael Coleman
Eric Deakin
IT Manager
180,156
26,900
Dawson Hoover
Community Benefits & Communications Manager
146,328
20,500
Robert Marquez
Sales & Services Manager
150,457
15,000
Charles Wilson
Director of Finance
159,335
-
Shanna Paxton
Director of Financial Analysis
121,509
10,400
The CVRF Board of Directors is pleased with the financial results that the top personnel in our company have helped deliver to our villages. CVRF will maintain its commitment to hiring and retaining the best personnel available to bring the vision of our Board members to life and create exceptional returns for our stakeholders and the residents of the CVRF communities for generations to come.
Building Tomorrow
27
Community Service Center Staff
Coastal Villages Board of Directors Richard Jung, President James Akerelrea, Vice President George Chuckwuk, Secretary Evan S. Evan, Treasurer John Andy, Executive Board Member Gabriel Olick, Executive Board Member Skye-Michael Chayalkun, Executive Board Member Joe Avugiak Walter Brown Eric Olson Sr. Oscar Active Sr. Roland Lewis Edward Shavings Jr. Stephen Maxie Jr. Paul Tulik Frank Berezkin John Samuel Darren Cleveland Robert Pitka Sr. Felix Albert
Napakiak Scammon Bay Kipnuk Goodnews Bay Newtok Tuntutuliak Chevak Chefornak Eek Hooper Bay Kongignak Kwigillingok Mekoryuk Napaskiak Nightmute Oscarville Platinum Quinhagak Toksook Bay Tununak
Main Office Staff
28
Morgen Crow Angie Pinsonneault Nick Souza Mike Coleman Bob Marquez Lenore Kairaiuak Marlene Minnette Leila Smith Marione Evan Florence Kargi Roxann Paul Amy Mute Daniel Mainor Kimberly Slifer Floretta Nanalook Meloni Morris Gwendolyn Andrew Ken Tippett Lorena Rosenberger Kyle Duncan Tatyana Drakulvic Sarah Scherer Jon Saam Danielle Zeedar Timothy Sherman Lex Sargento Leah Middleton Makayla Asi Cathleen Jimmie Carolyn George Troy Wilkinson Kate Koch Fariba Strandberg Alex McCoskey Roxanne Medellin Mandy Ramsay Ariel Castillo Joseph Cullen Desiree Kamuyu Paul Parka Lisa Guiel Desiree Welcome Theresa Kiokun Ma Cecilia Carpentero Rachel Ayaprun Ledwina Beaver Brenda Tikiun Gretchen Williams Sophie Gentz Lina Dupont Monica Geronimo Mariia Tereshchenko Leslie Palmer Eric Deakin Peter Speaks Albert Beaver III Chadwick Shavings
work fish hope
Executive Director Business Development Director CVS General Manager Sales & General Manager Products/Service Manager Executive Coordinator Programs Specialist Community Program Coordinator Programs Assistant Programs Coordinator Administrative Assistant Administrative Assistant HR Manager HR Supervisor HR Specialist Land Operations HR Assistant Part-Time HR Assistant Fleet Manager Logistics Manager Port Engineer Human Resources Supervisor Safety Manager Network Engineer Logistics Coordinator Fisheries Coordinator Purchasing Manager Purchasing Assistant Purchasing Assistant Purchasing Assistant Purchasing Assistant Quota Manager Bering Sea Accounting Manager Controller Financial Reporting Manager In-Region Accounting Supervisor Financial Analyst Financial Accounting Manager General Ledger Staff Accountant AP/Cash Manager AP Lead/Pcard Administrator AP Lead AP Specialist AP Specialist AP Specialist AR Specialist Payroll Lead Payroll Specialist Community Benefits Associate Payroll Specialist Payroll Manager Fisheries Accounting Specialist GL Specialist Cash Specialist IT Manager Network Administrator Technology Support Specialist Facility Maintenance
Jonathan Lewis Janet Erik Carmen Chagluk Jimmie Larson Jr. Byron Lincoln Myron Evan Liana Pingayak Clifford Paniyak Charlotte Nayagak Norman Pingayak Jeremy Tuluk Arnold Noratak Carol Brown Lucy Beebe Theodore Brown Jackie Petluska Julia Hall Albert Toniak Harry Martin Cheryl Smart Lavinna Wilson Sandra Tall-Lake Paul Joe Jr. Charlie Tall Mason Nanuk Louise Paul Patrick Andrew Andrea Fox Eric Dock Andy Attie Deloras Lozano Lucy Nicolai Elizabeth David Joe Joseph Benjamin Lozano Tiffany Daniel Cody Lewis Herman Beaver David Friend Jimmy Phillip Beatrice Olrun-Kiokun Marianne Williams Travis Shavings Caryn Dull Rachael Nelson David Ayagalria Aaron Dull Frank Andrew Laura Evan Ina Jenkins Willie Egoak Christopher Maxie Alex Chaney Lisa Charles Jordan George Andruska Carl Katie Anthony Isadore Anthony Simon Jumbo Marita Stevens Nastasia Larson Mary Hill Cynthia Beebe David Hill Herschel Sundown Priscilla Jimmie Michelle Kaganak George Smith Jacob Rivers Michael Uttereyuk Fred Rivers III Xavier Tulik Florence Therchik Henry Friday Thomas Julius Derick Therchik Robert Enoch Darlene Enoch Edward Enoch Zachary Enoch George Hooper Jr. Aurie Hooper Marjorie Post Anastasia Evan Jimmy Inakak Charlie Post
Chefornak Chefornak Chefornak Chefornak Chefornak Chefornak Chevak Chevak Chevak Chevak Chevak Chevak Eek Eek Eek Eek Goodnews Bay Goodnews Bay Goodnews Bay Hooper Bay Hooper Bay Hooper Bay Hooper Bay Hooper Bay Hooper Bay Kipnuk Kipnuk Kipnuk Kipnuk Kipnuk Kongiganak Kongiganak Kongiganak Kongiganak Kongiganak Kwigillingok Kwigillingok Kwigillingok Kwigillingok Kwigillingok Mekoryuk Mekoryuk Mekoryuk Napakiak Napakiak Napakiak Napakiak Napakiak Napaskiak Napaskiak Napaskiak Napaskiak Napaskiak Newtok Newtok Newtok Nightmute Nightmute Nightmute Oscarville Oscarville Quinhagak Quinhagak Quinhagak Scammon Bay Scammon Bay Scammon Bay Scammon Bay Scammon Bay Scammon Bay Scammon Bay Toksook Bay Toksook Bay Toksook Bay Toksook Bay Toksook Bay Tuntutuliak Tuntutuliak Tuntutuliak Tuntutuliak Tununak Tununak Tununak Tununak Tununak Tununak