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Nonprofiteer
← CENTRAL BERING SEA FISHERMENS ASSOCIATION

Form 990 for tax year 2022

Filed by CENTRAL BERING SEA FISHERMENS ASSOCIATION.

Totals

Total revenue
$16,513,805
Total expenses
$7,525,341
Contributions and grants received
$0
Grants paid
$951,640
Program service revenue
$4,486,909
Investment income
$7,015,046
Other revenue
$5,011,850
Total assets, end of year
$132,635,114
Total liabilities, end of year
$17,647,354
Net assets or fund balances, end of year
$114,987,760
Program services expenses (Part IX)
$2,921,248
Management and general expenses
$4,604,093
Fundraising expenses
$0
Program service expenses (Part III)
$2,921,248

Program services were 38.8% 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 $3,588,418 · excluded $3,588,418

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

    total $898,491 · related or exempt $898,491

  • 3 · Investment income

    total $7,015,046 · excluded $7,015,046

  • 10a · Gross sales of inventory

    $30,400,358

  • 10b · Cost of goods sold

    $25,388,508

  • 10c · Net income from sales of inventory

    total $5,011,850 · related or exempt $5,011,850

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $388,761 · program services $388,761

  • 2 · Grants to domestic individuals

    total $562,879 · program services $562,879

  • 5 · Compensation of officers, directors and key employees

    total $1,070,704 · management and general $1,070,704

  • 7 · Other salaries and wages

    total $477,988 · management and general $477,988

  • 11g · Fees: other

    total $22,876 · management and general $22,876

  • 13 · Office expenses

    total $90,658 · management and general $90,658

  • 16 · Occupancy

    total $667,410 · management and general $667,410

  • 17 · Travel

    total $9,480 · management and general $9,480

  • 19 · Conferences, conventions and meetings

    total $1,072,990 · program services $1,072,990

  • 20 · Interest

    total $506,403 · management and general $506,403

  • 22 · Depreciation, depletion and amortization

    total $464,818 · program services $416,168 · management and general $48,650

  • 23 · Insurance

    total $150,404 · management and general $150,404

  • 24a · Other expenses: RESEARCHERS, MATERIALS

    total $480,450 · program services $480,450

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

    total $62,306 · management and general $62,306

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $4,625 · management and general $4,625

  • 24e · All other expenses

    total $1,492,589 · management and general $1,492,589

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $33,818,046 · end of year $34,016,647

  • 4 · Accounts receivable

    beginning of year $2,966,189 · end of year $208,748

  • 5 · Loans and receivables from officers and key people

    beginning of year $284,202 · end of year $227,330

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,559,634 · end of year $6,246,253

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

    $39,026,132

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

    $24,413,185

  • 10c · Land, buildings and equipment, net

    beginning of year $15,744,354 · end of year $14,612,947

  • 11 · Investments: publicly traded securities

    beginning of year $346,590 · end of year $350,538

  • 13 · Investments: program-related

    beginning of year $3,899,159 · end of year $4,102,377

  • 14 · Intangible assets

    beginning of year $35,025 · end of year $13,857

  • 15 · Other assets

    beginning of year $79,533,511 · end of year $72,856,417

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,528,331 · end of year $3,422,316

  • 23 · Secured mortgages and notes payable

    beginning of year $17,619,010 · end of year $13,390,669

  • 25 · Other liabilities

    beginning of year $555,730 · end of year $834,369

  • 27 · Net assets without donor restrictions

    beginning of year $120,483,639 · end of year $114,987,760

Mission and programs · 2022

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 $4,486,909

  • 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 $2,921,248 · Grants $951,641

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MYRON MELOVIDOV

    CHAIRMAN

    Total calculated
    $256,949
    From this org
    $256,949
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $98,576
    Bonus
    $0
    Other
    $158,373
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $256,949

  • PHILLIP LESTENKOF

    PRESIDENT

    Total calculated
    $355,113
    From this org
    $355,113
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,872
    Bonus
    $0
    Other
    $113,241
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $355,113

  • JEFF KAUFFMAN

    VICE PRESIDENT

    Total calculated
    $459,848
    From this org
    $459,848
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,985
    Bonus
    $0
    Other
    $235,863
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $459,848

  • RENA KUDRIN

    SECRETARY/TREASURER

    Total calculated
    $106,572
    From this org
    $106,572
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JASON BOURDUKOFSKY SR

    DIRECTOR

    Total calculated
    $4,225
    From this org
    $4,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • DANIEL PORATH

    DIRECTOR

    Total calculated
    $81,303
    From this org
    $81,303
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • JOHN RICARDO MERCULIEF

    DIRECTOR

    Total calculated
    $172,468
    From this org
    $172,468
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $172,468
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $172,468

  • MICHAEL BALDWIN

    DIRECTOR

    Total calculated
    $2,625
    From this org
    $2,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • AMOS PHILEMONOFF

    DIRECTOR

    Total calculated
    $133,606
    From this org
    $133,606
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • CONSTANTINE KASHEVAROF

    CHIEF FINANCIAL OFFICER

    Total calculated
    $183,464
    From this org
    $183,464
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,464
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $183,464

  • RAYMOND MELOVIDOV

    CHIEF OPERATING OFFICER

    Total calculated
    $227,009
    From this org
    $227,009
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,472
    Bonus
    $0
    Other
    $54,537
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $227,009

  • SHIONA MELOVIDOV

    HR

    Total calculated
    $113,222
    From this org
    $113,222
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JENNIFER HAUSMANN

    OFFICE MANAGER/ACCOUNTING

    Total calculated
    $128,206
    From this org
    $128,206
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

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.

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 $511,838 · share of assets $1,455,983

    Directly controlled by SPFC

  • EARLY DAWN LLC

    RELATED · FISHING · WA · share of income $173,896 · share of assets $223,511

    Directly controlled by CBSFA

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323199349305357

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