Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $143,828

• 2a · Program service revenue: Royalties

  total $12,222,978 · related or exempt $12,222,978

• 3 · Investment income

  total $541,333 · excluded $541,333

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $8,215,532

• 7b · Less cost or other basis and sales expenses

  securities $6,242,673

• 7c · Gain or loss

  securities $1,972,859

• 7d · Net gain or loss

  total $1,972,859 · excluded $1,972,859

• 8c · Net income from fundraising events

  total $0

• 9c · Net income from gaming

  total $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: Miscellaneous

  total $159,908 · related or exempt $159,908

• 11e · Other revenue, total

  $159,908

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,113,890 · program services $3,113,890

• 2 · Grants to domestic individuals

  total $562,537 · program services $562,537

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $1,357,639 · program services $450,130 · management and general $907,509

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $123,383 · program services $119,436 · management and general $3,947

• 8 · Pension plan contributions

  total $81,472 · program services $37,280 · management and general $44,192

• 9 · Other employee benefits

  total $122,993 · program services $51,163 · management and general $71,830

• 10 · Payroll taxes

  total $73,132 · program services $38,495 · management and general $34,637

• 11a · Fees: management

  total $132,000 · management and general $132,000

• 11b · Fees: legal

  total $35,932 · management and general $35,932

• 11c · Fees: accounting

  total $123,111 · management and general $123,111

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $19,441 · management and general $19,441

• 11g · Fees: other

  total $76,760 · management and general $76,760

• 12 · Advertising and promotion

  total $32,871 · program services $32,871

• 13 · Office expenses

  total $66,919 · management and general $66,919

• 14 · Information technology

  total $78,730 · management and general $78,730

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $0

• 17 · Travel

  total $101,283 · program services $28,409 · management and general $72,874

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $144,013 · program services $144,013

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $167,662 · management and general $167,662

• 23 · Insurance

  total $102,575 · management and general $102,575

• 24a · Other expenses: Impairment Loss

  total $1,655,708 · management and general $1,655,708

• 24b · Other expenses: CDQ Cost Recovery Fees

  total $132,485 · program services $132,485

• 24c · Other expenses: CLO Honorarium

  total $98,750 · program services $98,750

• 24d · Other expenses: Membership Fees

  total $85,308 · management and general $85,308

• 24e · All other expenses

  total $12,969 · management and general $12,969

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,474,600 · end of year $4,481,448

• 2 · Savings and temporary cash investments

  beginning of year $1,149,342 · end of year $1,730,960

• 3 · Pledges and grants receivable

  end of year $0

• 4 · Accounts receivable

  beginning of year $272,778 · end of year $292,231

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  end of year $0

• 8 · Inventories for sale or use

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $68,049 · end of year $72,259

• 10a · Land, buildings and equipment: cost or other basis

  $3,827,040

• 10b · Land, buildings and equipment: accumulated depreciation

  $2,101,477

• 10c · Land, buildings and equipment, net

  beginning of year $3,614,112 · end of year $1,725,563

• 11 · Investments: publicly traded securities

  beginning of year $50,088,302 · end of year $56,617,273

• 12 · Investments: other securities

  end of year $0

• 13 · Investments: program-related

  end of year $0

• 14 · Intangible assets

  beginning of year $162,949 · end of year $228,129

• 15 · Other assets

  beginning of year $140,291,357 · end of year $142,098,193

• 17 · Accounts payable and accrued expenses

  beginning of year $4,996,786 · end of year $2,771,192

• 25 · Other liabilities

  beginning of year $113,822 · end of year $59,810

• 27 · Net assets without donor restrictions

  beginning of year $192,885,163 · end of year $204,286,226

• 28 · Net assets with donor restrictions

  beginning of year $125,718 · end of year $128,828

The filer's explanations (Part III)

Part I, Line 1a: Relevant information in regards to selections on 1a.

1) First-class or charter travel: The company has a written policy regarding first class travel, which requires that board members and employees travel coach-class, unless an officer of the company provides an approval, and the flight is either a) more than three hours duration, or b) coach-class is unavailable. 2) Travel for Companions: Pursuant to the Chief Executive Officer's employment agreement, the organization covers travel expenses for immediate family members (spouse and children) accompanying the CEO on business travel to the regional communities served by the organization.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• Uguladax Co LLC

  Tourism/Hunting · AK · income $25,000 · assets $997,554

  Directly controlled by APICDA Joint Ventures Inc

• Aleutian Adventures LLC

  Tourism/Fishing/Hunting · AK · income $1,495,618 · assets $1,604,568

  Directly controlled by APICDA Joint Ventures Inc

• Prowler Fisheries LLC

  Fishing · WA · income $840,079 · assets $65,461,808

  Directly controlled by APICDA Joint Ventures Inc

• Ikatan Bay Investments LLC

  Fish Processing Plant · AK · income $419,840 · assets $4,328,657

  Directly controlled by APICDA Joint Ventures Inc

• False Pass Fuel LLC

  Fuel Company · AK · income $80,164 · assets $781,585

  Directly controlled by APICDA Joint Ventures Inc

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Kayux Development LLC

  Development · AK · 50% owned · share of income -$14,244 · share of assets $799,215 · general or managing partner

  Directly controlled by APICDA Joint Venture

• Nelson Lagoon Storage Company LLC

  Storage · AK · 50% owned · share of income -$93,254 · share of assets $821,327 · general or managing partner

  Directly controlled by APICA Joint Venture

• Starbound LLC

  Fishing · WA · 20% owned · share of income $307 · share of assets $6,476

  Directly controlled by Aleutian Spray Inc

• Aleutian Longline LLC

  Fishing · WA · 50% owned · share of income $3,510,467 · share of assets $67,903,542

  Directly controlled by Aleutian Spray Inc

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• APICDA Joint VenturesInc

  C-Corp · Oversite of Subs/Crab Processing · AK · 100% owned · controlled entity

  Directly controlled by APICDA

• APICDA Vessels Inc

  C-Corp · Fishing · AK · 100% owned

  Directly controlled by APICDA Joint Venture

• Atka Pride Seafoods Inc

  C-Corp · Processing Groundfish · AK · 50% owned

  Directly controlled by APICDA Joint Venture