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← CENTRAL BERING SEA FISHERMENS ASSOCIATION

Form 990 for tax year 2025

Filed by CENTRAL BERING SEA FISHERMENS ASSOCIATION.

Totals

Total revenue
$25,702,967
Total expenses
$10,851,897
Contributions and grants received
$7,459,979
Grants paid
$1,012,438
Program service revenue
$3,753,384
Investment income
$2,759,093
Other revenue
$11,730,511
Total assets, end of year
$138,798,002
Total liabilities, end of year
$13,342,770
Net assets or fund balances, end of year
$125,455,232
Program services expenses (Part IX)
$5,487,002
Management and general expenses
$5,364,895
Fundraising expenses
$0
Program service expenses (Part III)
$5,487,002

Program services were 50.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $7,459,979

  • 2a · Program service revenue: FISHING ROYALTIES

    total $4,369,762 · excluded $4,369,762

  • 2b · Program service revenue: INVESTMENT IN FISHING PARTNERSHIP

    total -$616,378 · related or exempt -$548,271 · unrelated business -$68,107

  • 3 · Investment income

    total $2,754,093 · excluded $2,754,093

  • 7a · Gross sales of assets other than inventory

    other assets $8,284,281

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

    other assets $8,279,281

  • 7c · Gain or loss

    other assets $5,000

  • 7d · Net gain or loss

    total $5,000 · excluded $5,000

  • 10a · Gross sales of inventory

    $44,189,724

  • 10b · Cost of goods sold

    $32,459,213

  • 10c · Net income from sales of inventory

    total $11,730,511 · related or exempt $11,730,511

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $371,011 · program services $371,011

  • 2 · Grants to domestic individuals

    total $641,427 · program services $641,427

  • 5 · Compensation of officers, directors and key employees

    total $2,471,306 · management and general $2,471,306

  • 7 · Other salaries and wages

    total $62,274 · management and general $62,274

  • 11b · Fees: legal

    total $111,880 · management and general $111,880

  • 11c · Fees: accounting

    total $183,141 · management and general $183,141

  • 11g · Fees: other

    total $292,319 · management and general $292,319

  • 13 · Office expenses

    total $677,166 · management and general $677,166

  • 16 · Occupancy

    total $501,515 · management and general $501,515

  • 17 · Travel

    total $115,663 · management and general $115,663

  • 19 · Conferences, conventions and meetings

    total $233,714 · program services $233,714

  • 20 · Interest

    total $1,383 · management and general $1,383

  • 22 · Depreciation, depletion and amortization

    total $2,586,848 · program services $2,561,443 · management and general $25,405

  • 23 · Insurance

    total $324,954 · management and general $324,954

  • 24a · Other expenses: VEHICLE AND EQUIPMENT O

    total $1,350,099 · program services $1,350,099

  • 24b · Other expenses: RESEARCHERS, MATERIALS

    total $329,308 · program services $329,308

  • 24c · Other expenses: DUES, MEMBERSHIPS & LIC

    total $136,216 · management and general $136,216

  • 24e · All other expenses

    total $461,673 · management and general $461,673

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $31,278,520 · end of year $38,560,032

  • 4 · Accounts receivable

    beginning of year $2,570,201 · end of year $9,456,927

  • 5 · Loans and receivables from officers and key people

    beginning of year $260,882 · end of year $108,317

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,119,973 · end of year $6,152,637

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

    $50,234,370

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

    $32,632,371

  • 10c · Land, buildings and equipment, net

    beginning of year $11,321,508 · end of year $17,601,999

  • 13 · Investments: program-related

    beginning of year $3,617,051 · end of year $3,871,057

  • 15 · Other assets

    beginning of year $64,378,667 · end of year $63,047,033

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,976,895 · end of year $10,330,812

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $2,769,480

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $165,168

  • 25 · Other liabilities

    beginning of year $815,670 · end of year $77,310

  • 27 · Net assets without donor restrictions

    beginning of year $110,754,237 · end of year $125,455,232

Mission and programs · 2025

Mission

CENTRAL BERING SEA FISHERMEN'S ASSOCIATION IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO REPRESENT THE ST. PAUL ISLAND COMMUNITY IN THE COMMUNITY DEVELOPMENT QUOTA (CDQ) PROGRAM ESTABLISHED BY THE FEDERAL GOVERNMENT IN 1992. PROCEEDS RECEIVED FROM THE PROGRAM ARE TO BE USED TO DEVELOP NATURAL AND HUMAN RESOURCES IN THE ST. PAUL ISLAND COMMUNITY AND TO PROMOTE EDUCATIONAL AND CHARITABLE BETTERMENT OF ITS MEMBERS.

Activities or mission (Part I)

TO REPRESENT THE ST PAUL ISLAND COMMUNITY DEVELOPMENT QUOTA (CDQ) (SEE SCHEDULE O)PROGRAM ESTABLISHED BY THE FEDERAL GOVERNMENT IN 1992.

  • FISHING:CBSFA ST. PAUL FISHING COMPANY, LLC - THIS PROGRAM DEVELOPSINFRASTRUCTURE AND INVESTMENTS IN PROJECTS THAT SUPPORT FISHERIESBASED IN ST. PAUL. EXPENSES RELATED TO THIS PROGRAM ARE INCLUDEDIN COST OF GOODS SOLD ON PART VIII.170 DEGREES WEST - THIS PROGRAM IS OPERATED TO MAXIMIZE THEEX-VESSEL PRICE PAID TO LOCAL FISHERMEN. 170 DEGREES WESTPURCHASES CDQ HALIBUT FROM THE LOCAL FLEET, THEN HAS IT CUSTOMPROCESSED THROUGH A NEGOTIATED CONTRACT WITH A LOCAL PROCESSOR.THE PRODUCT IS THEN MARKETED THROUGH A MARKETING AGREEMENT WITH ADISTRIBUTOR. NET REVENUE IS DISTRIBUTED TO THE LOCAL FLEETTHROUGH A RETROACTIVE EX-VESSEL PRICE ADJUSTMENT. REVENUE ANDEXPENSES RELATED TO THIS PROGRAM ARE INCLUDED IN SALES OFINVENTORY ON PART VIII.VEHICLE & EQUIPMENT OPERATIONS - THIS PROGRAM WAS FORMED TOMANAGE, MAINTAIN, AND OPERATE EQUIPMENT. ANNUALLY, THE DEPARTMENTPUTS IN AND REMOVES THE DOCKS IN THE SMALL BOAT HARBOR. THEDEPARTMENT ALSO HELPS LOAD AND UNLOAD CONTAINER SHIPS THAT COME TOPORT. CBSFA HAS ACQUIRED NUMEROUS PIECES OF EQUIPMENT, MOSTNOTABLY A MANITOWOC CRANE AND A GROVE CRANE, TO SUPPORT ITSFISHING OPERATIONS. REVENUE AND EXPENSES RELATED TO THIS PROGRAMARE INCLUDED IN SALES OF INVENTORY ON PART VIII.

    Revenue $3,753,384

  • EDUCATION, OUTREACH & ASSISTANCE:THIS PROGRAM PROVIDES SCHOLARSHIPS, TRAINING GRANTS, AND STUDENTLOANS FOR THE RESIDENTS OF ST. PAUL ISLAND TO FURTHER THEIREDUCATION. IT FUNDS EDUCATIONAL PROGRAMS AND CURRICULUM PROVIDEDBY OTHER LOCAL ENTITIES. THIS PROGRAM ALSO PROVIDES OUTREACH TOTHE COMMUNITY OF ST. PAUL VIA NEWSLETTERS, RADIO ANNOUNCEMENTS,WEBSITE, COMMUNITY SURVEYS, AND ANNUAL MEETINGS. THE ASSISTANCEFUND PROVIDES FINANCIAL SUPPORT FOR COMMUNITY WELLNESS,BEREAVEMENT, AND LOCAL VOLUNTEER OPERATIONS. THE PROGRAM ALSOPROVIDES SUPPORT FOR THE TRIBAL GOVERNMENT OF ST. PAUL ISLANDPROGRAMS.

    Expenses $5,487,002 · Grants $1,012,438

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeff Kauffman

    CHIEF EXECUTIVE OFFICER/VP

    Total calculated
    $656,027
    From this org
    $548,475
    From related orgs
    $0
    Other
    $107,552
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,624
    Bonus
    $0
    Other
    $305,851
    Deferred
    $53,911
    Nontaxable benefits
    $53,641
    Filer's total
    $656,027

  • Myron Melovidov

    OPERATIONS SUPERVISOR/CHAIRMAN

    Total calculated
    $448,364
    From this org
    $389,634
    From related orgs
    $0
    Other
    $58,730
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,783
    Bonus
    $0
    Other
    $260,851
    Deferred
    $17,841
    Nontaxable benefits
    $40,889
    Filer's total
    $448,364

  • John Ricardo Merculief

    DIRECTOR

    Total calculated
    $254,414
    From this org
    $254,414
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $13,693
    Bonus
    $0
    Other
    $240,721
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $254,414

  • Rena Kudrin

    OFFICE MGR/SECR/TREAS-THRU NOV 2025

    Total calculated
    $160,251
    From this org
    $114,708
    From related orgs
    $0
    Other
    $45,543
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,708
    Bonus
    $0
    Other
    $0
    Deferred
    $16,644
    Nontaxable benefits
    $28,899
    Filer's total
    $160,251

  • Michael Baldwin

    DIRECTOR

    Total calculated
    $25,196
    From this org
    $25,196
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Phillip Lestenkof

    DIRECTOR

    Total calculated
    $20,027
    From this org
    $20,027
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Benedict Bourdukofsky

    DIRECTOR

    Total calculated
    $8,592
    From this org
    $8,592
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jason Bourdukofsky Sr

    DIRECTOR - THRU NOV 2025

    Total calculated
    $7,050
    From this org
    $7,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Sean Melovidov

    DIRECTOR

    Total calculated
    $5,100
    From this org
    $5,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael S Baldwin

    DIRECTOR

    Total calculated
    $3,300
    From this org
    $3,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Robert Melovidov Jr

    DIRECTOR

    Total calculated
    $3,150
    From this org
    $3,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Raymond Melovidov

    PRESIDENT

    Total calculated
    $350,458
    From this org
    $252,634
    From related orgs
    $0
    Other
    $97,824
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,634
    Bonus
    $0
    Other
    $0
    Deferred
    $45,249
    Nontaxable benefits
    $52,575
    Filer's total
    $350,458

  • Constantine Kashevarof

    CHIEF FINANCIAL OFFICER

    Total calculated
    $305,342
    From this org
    $240,942
    From related orgs
    $0
    Other
    $64,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,776
    Bonus
    $0
    Other
    $30,166
    Deferred
    $8,400
    Nontaxable benefits
    $56,000
    Filer's total
    $305,342

  • Jennifer Hausmann

    ADMINISTRATIVE ASSISTANT/ACCOUNTANT

    Total calculated
    $224,035
    From this org
    $153,456
    From related orgs
    $0
    Other
    $70,579
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,456
    Bonus
    $0
    Other
    $0
    Deferred
    $22,592
    Nontaxable benefits
    $47,987
    Filer's total
    $224,035

  • Sean Head

    ANALYST/ACCOUNTANT

    Total calculated
    $212,465
    From this org
    $125,062
    From related orgs
    $0
    Other
    $87,403
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,062
    Bonus
    $0
    Other
    $0
    Deferred
    $21,653
    Nontaxable benefits
    $65,750
    Filer's total
    $212,465

  • Shiona Melovidov

    HR

    Total calculated
    $204,317
    From this org
    $147,786
    From related orgs
    $0
    Other
    $56,531
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,786
    Bonus
    $0
    Other
    $0
    Deferred
    $21,742
    Nontaxable benefits
    $34,789
    Filer's total
    $204,317

  • Marisa Melovidov

    SENIOR ACCOUNTANT

    Total calculated
    $201,055
    From this org
    $127,543
    From related orgs
    $0
    Other
    $73,512
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,543
    Bonus
    $0
    Other
    $0
    Deferred
    $18,705
    Nontaxable benefits
    $54,807
    Filer's total
    $201,055

  • Peter Bourdukofsky

    HEAVY EQPMT OPERATOR/MNTNCE FOREMAN

    Total calculated
    $192,590
    From this org
    $135,332
    From related orgs
    $0
    Other
    $57,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,332
    Bonus
    $0
    Other
    $0
    Deferred
    $19,873
    Nontaxable benefits
    $37,385
    Filer's total
    $192,590

  • Edward Paulus

    HEAVY EQPMT OPERATOR/MECHANIC

    Total calculated
    $185,357
    From this org
    $136,727
    From related orgs
    $0
    Other
    $48,630
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,727
    Bonus
    $0
    Other
    $0
    Deferred
    $30,793
    Nontaxable benefits
    $17,837
    Filer's total
    $185,357

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
SCHEDULE J, PART I, LINE 1A COMPANY POLICY ALLOWS FOR FIRST CLASS AIRLINE TICKETS FOR TRAVEL BEYOND SEATTLE, WA.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • TRIBAL GOVERNMENT OF ST PAUL ISLAND

    $175,167

    GENERAL SUPPORT

  • PRIBILOF SCHOOL DISTRICT

    $135,450

    GENERAL SUPPORT

  • ST'S PETER & PAUL ORTHODOX CHURCH

    $50,232

    GENERAL SUPPORT

  • ALASKA BUSINESS DEVELOPMENT CENTER

    $7,000

    GENERAL SUPPORT

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • 57 DEGREES NORTH LLC

    FISHERIES · AK · income $9,681,253 · assets $62,974,631

    Directly controlled by CBSFA

  • ST PAUL FISHING COMPANY LLC

    FISHERIES · AK · income $9,106,814 · assets $60,280,233

    Directly controlled by CBSFA

  • SAINT BOATS LLC

    FISHERIES · AK · income $479,270 · assets $5,114,920

    Directly controlled by SPFC

  • CENTRAL BERING SEA VESSELS LLC

    FISHERIES · AK · income $359,950 · assets $3,326,557

    Directly controlled by SPFC

  • 170 DEGREES WEST LLC

    FISHERIES · AK · income -$475,566 · assets $485,518

    Directly controlled by CBSFA

  • VILLAGE COVE SEAFOODS

    FISHERIES · AK · income $272,372 · assets $6,983,135

    Directly controlled by CBSFA

  • FV SAINT PAUL LLC

    FISHERIES · AK · income $403,979 · assets $2,269,884

    Directly controlled by ST BOATS LLC

  • FV SAINT PETER LLC

    FISHERIES · AK · income $271,164 · assets $2,827,714

    Directly controlled by ST BOATS LLC

  • CENTRAL BERING SEA HOLDINGS LLC

    HOLDINGS · AK · income $21,195,402 · assets $143,763,153

    Directly controlled by CBSFA

  • ADVENTURE LLC

    FISHERIES · AK · income $783,919 · assets $483,871

    Directly controlled by SPFC

  • CENTRAL BERING SEA FISHERMEN'S LLC

    BOAT LOANS · AK · income $13,610 · assets $1,197,196

    Directly controlled by CBSFA

  • CHAGIX LLC

    FISHERIES · AK · income -$1,714 · assets $5,271,391

    Directly controlled by SPFC

Related partnerships

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

  • STAR PARTNERS LLC

    RELATED · FISHING · WA · 75% owned · share of income $981,309 · share of assets $2,360,580

    Directly controlled by SPFC

  • EARLY DAWN LLC

    RELATED · FISHING · WA · 83% owned · share of income -$1,801,448 · share of assets $1,858,337

    Directly controlled by CBSFA

Related corporations and trusts

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

  • CENTRAL BERING SEA FISHERMAN'S CORPORATION

    C · BOAT LOANS · AK · 100% owned · share of income $126,975 · controlled entity

    Directly controlled by CBSFA

Provenance

Return type
form_990
Tax year
2025
Filed
14 September 2026
IRS schema version
2025v4.2
Source object
202632579349302018

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