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← CENTRAL BERING SEA FISHERMENS ASSOCIATION

Form 990 for tax year 2024

Filed by CENTRAL BERING SEA FISHERMENS ASSOCIATION.

Totals

Total revenue
$17,785,129
Total expenses
$8,392,541
Contributions and grants received
$0
Grants paid
$1,206,724
Program service revenue
$8,617,135
Investment income
$3,343,772
Other revenue
$5,824,222
Total assets, end of year
$119,546,802
Total liabilities, end of year
$8,792,565
Net assets or fund balances, end of year
$110,754,237
Program services expenses (Part IX)
$3,353,082
Management and general expenses
$5,039,459
Fundraising expenses
$0
Program service expenses (Part III)
$3,353,082

Program services were 40.0% 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.

  • 2a · Program service revenue: FISHING ROYALTIES

    total $4,558,330 · excluded $4,558,330

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

    total $4,058,805 · related or exempt $4,257,352 · unrelated business -$198,547

  • 3 · Investment income

    total $3,343,772 · excluded $3,343,772

  • 10a · Gross sales of inventory

    $27,233,931

  • 10b · Cost of goods sold

    $21,409,709

  • 10c · Net income from sales of inventory

    total $5,824,222 · related or exempt $5,824,222

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $654,723 · program services $654,723

  • 2 · Grants to domestic individuals

    total $552,001 · program services $552,001

  • 5 · Compensation of officers, directors and key employees

    total $1,194,288 · management and general $1,194,288

  • 7 · Other salaries and wages

    total $975,124 · management and general $975,124

  • 11g · Fees: other

    total $81,845 · management and general $81,845

  • 13 · Office expenses

    total $388,516 · management and general $388,516

  • 16 · Occupancy

    total $116,181 · management and general $116,181

  • 17 · Travel

    total $84,209 · management and general $84,209

  • 19 · Conferences, conventions and meetings

    total $603,314 · program services $603,314

  • 20 · Interest

    total $4,233 · management and general $4,233

  • 22 · Depreciation, depletion and amortization

    total $518,080 · program services $496,695 · management and general $21,385

  • 23 · Insurance

    total $130,472 · management and general $130,472

  • 24a · Other expenses: RESEARCHERS, MATERIALS

    total $1,046,349 · program services $1,046,349

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

    total $188,374 · management and general $188,374

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $12,858 · management and general $12,858

  • 24e · All other expenses

    total $1,841,974 · management and general $1,841,974

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $22,567,683 · end of year $31,278,520

  • 4 · Accounts receivable

    beginning of year $1,858,916 · end of year $2,570,201

  • 5 · Loans and receivables from officers and key people

    beginning of year $268,082 · end of year $260,882

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,015,399 · end of year $6,119,973

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

    $41,461,889

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

    $30,140,381

  • 10c · Land, buildings and equipment, net

    beginning of year $13,537,762 · end of year $11,321,508

  • 11 · Investments: publicly traded securities

    beginning of year $350,222

  • 13 · Investments: program-related

    beginning of year $3,613,900 · end of year $3,617,051

  • 14 · Intangible assets

    beginning of year $1,678

  • 15 · Other assets

    beginning of year $69,369,228 · end of year $64,378,667

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,572,247 · end of year $7,976,895

  • 25 · Other liabilities

    beginning of year $881,333 · end of year $815,670

  • 27 · Net assets without donor restrictions

    beginning of year $112,129,290 · end of year $110,754,237

Mission and programs · 2024

Mission

CENTRAL BERING SEA FISHERMEN'S ASSOCIATION IS A NOT-FOR-PROFITCORPORATION ORGANIZED TO REPRESENT THE ST. PAUL ISLAND COMMUNITY INTHE COMMUNITY DEVELOPMENT QUOTA (CDQ) PROGRAM ESTABLISHED BY THEFEDERAL GOVERNMENT IN 1992. PROCEEDS RECEIVED FROM THE PROGRAM ARETO BE USED TO DEVELOP NATURAL AND HUMAN RESOURCES IN THE ST. PAULISLAND COMMUNITY AND TO PROMOTE EDUCATIONAL AND CHARITABLE BETTERMENTOF 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 $8,617,135

  • 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 $3,353,082 · Grants $1,206,724

As filed on the 2024 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
    $588,795
    From this org
    $473,684
    From related orgs
    $0
    Other
    $115,111
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,127
    Bonus
    $0
    Other
    $227,557
    Deferred
    $54,914
    Nontaxable benefits
    $60,197
    Filer's total
    $588,795

  • Myron Melovidov

    OPERATIONS SUPERVISOR/CHAIRMAN

    Total calculated
    $371,538
    From this org
    $284,304
    From related orgs
    $0
    Other
    $87,234
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,930
    Bonus
    $0
    Other
    $166,374
    Deferred
    $17,370
    Nontaxable benefits
    $69,864
    Filer's total
    $371,538

  • John Ricardo Merculief

    DIRECTOR

    Total calculated
    $198,538
    From this org
    $193,845
    From related orgs
    $0
    Other
    $4,693
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $193,845
    Deferred
    $0
    Nontaxable benefits
    $4,693
    Filer's total
    $198,538

  • Rena Kudrin

    OFFICE MANAGER/SECRETARY & TREASURER

    Total calculated
    $225,299
    From this org
    $134,322
    From related orgs
    $0
    Other
    $90,977
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,822
    Bonus
    $0
    Other
    $4,500
    Deferred
    $19,153
    Nontaxable benefits
    $71,824
    Filer's total
    $225,299

  • Daniel Porath

    DIRECTOR

    Total calculated
    $37,795
    From this org
    $37,795
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Amos Philemonoff

    DIRECTOR

    Total calculated
    $35,064
    From this org
    $23,479
    From related orgs
    $0
    Other
    $11,585
    Hours/week
    10

  • Phillip Lestenkof

    DIRECTOR

    Total calculated
    $19,818
    From this org
    $9,229
    From related orgs
    $0
    Other
    $10,589
    Hours/week
    2

  • Jason Bourdukofsky Sr

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael Baldwin

    DIRECTOR

    Total calculated
    $10,772
    From this org
    $4,500
    From related orgs
    $0
    Other
    $6,272
    Hours/week
    2

  • Raymond Melovidov

    PRESIDENT

    Total calculated
    $345,944
    From this org
    $244,066
    From related orgs
    $0
    Other
    $101,878
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,072
    Bonus
    $0
    Other
    $1,994
    Deferred
    $45,009
    Nontaxable benefits
    $56,869
    Filer's total
    $345,944

  • Constantine Kashevarof

    CHIEF FINANCIAL OFFICER

    Total calculated
    $286,542
    From this org
    $192,758
    From related orgs
    $0
    Other
    $93,784
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,758
    Bonus
    $0
    Other
    $0
    Deferred
    $31,508
    Nontaxable benefits
    $62,276
    Filer's total
    $286,542

  • Jennifer Hausmann

    ADMINISTRATIVE ASSISTANT/ACCOUNTANT

    Total calculated
    $207,523
    From this org
    $148,381
    From related orgs
    $0
    Other
    $59,142
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,381
    Bonus
    $0
    Other
    $0
    Deferred
    $21,937
    Nontaxable benefits
    $37,205
    Filer's total
    $207,523

  • Shiona Melovidov

    HR

    Total calculated
    $184,179
    From this org
    $124,790
    From related orgs
    $0
    Other
    $59,389
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,790
    Bonus
    $0
    Other
    $0
    Deferred
    $18,398
    Nontaxable benefits
    $40,991
    Filer's total
    $184,179

  • Peter Bourdukofsky

    HEAVY EQPMT OPERATOR/MNTNCE FOREMAN

    Total calculated
    $194,591
    From this org
    $124,049
    From related orgs
    $0
    Other
    $70,542
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,049
    Bonus
    $0
    Other
    $0
    Deferred
    $18,288
    Nontaxable benefits
    $52,254
    Filer's total
    $194,591

  • Sean Head

    ANALYST/ACCOUNTANT

    Total calculated
    $207,380
    From this org
    $119,513
    From related orgs
    $0
    Other
    $87,867
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,513
    Bonus
    $0
    Other
    $0
    Deferred
    $33,956
    Nontaxable benefits
    $53,911
    Filer's total
    $207,380

  • Edward Paulus

    HEAVY EQPMT OPERATOR/MECHANIC

    Total calculated
    $161,899
    From this org
    $118,042
    From related orgs
    $0
    Other
    $43,857
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,042
    Bonus
    $0
    Other
    $0
    Deferred
    $26,659
    Nontaxable benefits
    $17,198
    Filer's total
    $161,899

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

  • CITY OF ST PAUL ISLAND

    $240,404

    GENERAL SUPPORT

  • TRIBAL GOVERNMENT OF ST PAUL ISLAND

    $238,727

    GENERAL SUPPORT

  • PRIBILOF SCHOOL DISTRICT

    $123,592

    GENERAL SUPPORT

  • ST'S PETER & PAUL ORTHODOX CHURCH

    $45,000

    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 $3,891,670 · assets $49,678,959

    Directly controlled by CBSFA

  • ST PAUL FISHING COMPANY LLC

    FISHERIES · AK · income $6,516,829 · assets $51,380,676

    Directly controlled by CBSFA

  • SAINT BOATS LLC

    FISHERIES · AK · income $145,997 · assets $4,942,365

    Directly controlled by SPFC

  • CENTRAL BERING SEA VESSELS LLC

    FISHERIES · AK · income $54,245 · assets $3,476,607

    Directly controlled by SPFC

  • 170 DEGREES WEST LLC

    FISHERIES · AK · income -$434,394 · assets $651,717

    Directly controlled by CBSFA

  • VILLAGE COVE SEAFOODS

    FISHERIES · AK · income -$15,925 · assets $6,719,087

    Directly controlled by CBSFA

  • FV SAINT PAUL LLC

    FISHERIES · AK · income $346,795 · assets $2,311,729

    Directly controlled by ST BOATS LLC

  • FV SAINT PETER LLC

    FISHERIES · AK · income $22,413 · assets $2,699,224

    Directly controlled by ST BOATS LLC

  • CENTRAL BERING SEA HOLDINGS LLC

    HOLDINGS · AK · income $4,724,674 · assets $116,549,414

    Directly controlled by CBSFA

  • ADVENTURE LLC

    FISHERIES · AK · income $56,300 · assets $300,310

    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 $1,391,873 · share of assets $2,449,333

    Directly controlled by SPFC

  • EARLY DAWN LLC

    RELATED · FISHING · WA · 83% owned · share of income $2,942,256 · share of assets $4,417,849

    Directly controlled by CBSFA

Related corporations and trusts

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

  • CENTRAL BERING SEA FISHERMEN'S CORP

    C · BOAT LOANS · AK · 100% owned · share of assets $1,177,945 · controlled entity

    Directly controlled by CBSFA

Provenance

Return type
form_990
Tax year
2024
Filed
31 October 2025
IRS schema version
2024v5.2
Source object
202503079349303190

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