2024-11-07T12:07:46-06:00 2023-12-31 135565207 KPMG LLP 401 UNION STREET SUITE 2800 SEATTLE WA 98101 990 2023-01-01 920156736 COASTAL VILLAGES REGION FUND COAS 9072785151 711 H STREET 200 ANCHORAGE AK 99501 MICHELLE DREW CFO 9076446552 2024-11-04 1 0 DAVID M HIGHFILL P01517891 2069134000 2024-11-04 2023 2024-10-15 13:58:12Z ERIC DEAKIN 711 H STREET 200 ANCHORAGE AK 99501 91813507 0 X WWW.COASTALVILLAGES.ORG X 1992 AK 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. 20 6 1099 0 28676 0 498576 750424 5669986 4026094 315453 821654 52956547 45914376 59440562 51512548 3378871 2949962 0 0 12356340 12939906 0 0 0 39379321 41300691 55114532 57190559 4326030 -5678011 312663565 341236488 10048526 53237037 302615039 287999451 X COASTAL VILLAGES' MISSION IS TO PROVIDE THE MEANS FOR DEVELOPMENT OF OUR COMMUNITIES BY SENSIBLY CREATING TANGIBLE, LONG-TERM OPPORTUNITIES THAT GENERATE HOPE FOR ALL RESIDENTS WHO WANT TO FISH AND WORK. 0 0 39663462 13993 43214143 OPERATING VESSELS (PROGRAM #1): PROGRAM COSTS ASSOCIATED WITH OPERATION OF ONE POLLOCK CATCHER/PROCESSOR, TWO PACIFIC COD FREEZER-LONGLINERS, AND TWO CRAB FISHING VESSELS. THIS PROGRAM PROVIDES EMPLOYMENT AND TRAINING OPPORTUNITIES FOR RESIDENTS, AS WELL AS FUNDING FOR OTHER PROGRAMS. THE AMOUNT GIVEN REPRESENTS THE ADDITIONAL COSTS TO OPERATE NOT INCLUDED IN COSTS OF GOODS SOLD (COGS IS INCLUDED IN LINE 10B PART VIII). 5773218 1086698 OUTREACH PROGRAMS (PROGRAM #3): OUTREACH - OUTREACH FOCUSES ON COMMUNICATION WITH REGION RESIDENTS IN OUR 20 MEMBER COMMUNITIES AND IS MADE UP OF SEVERAL PROGRAM AREAS. THE COMMUNITY OUTREACH PROGRAM MAINTAINS OPEN AND CONTINUOUS COMMUNICATION WITH OUR RESIDENTS. CVRF BOARD MEMBERS AND LOCAL COMMUNITY SERVICE REPRESENTATIVES ALSO SERVE AS AN OPEN DIRECT LINK. LOCAL RESIDENTS ARE INVITED TO PARTICIPATE IN MEETINGS INVOLVING CVRF BOARD MEMBERS AND STAFF. STAFF MEMBERS TRAVEL FREQUENTLY TO COMMUNITIES THROUGHOUT THE REGION TO SHARE INFORMATION ABOUT CVRF AND ITS PROGRAMS AND SERVICES AND TO RECRUIT FOR OUR COMPANY. OUTREACH HAS PRIMARY RESPONSIBILITY FOR NEW PROGRAM DEVELOPMENT, ADMINISTRATION, AND PROGRAM EXECUTION.COMMUNITY SERVICE CENTERS (CSC) - CVRF'S CSCS, LOCATED IN EACH OF OUR 20 MEMBER COMMUNITIES, PROVIDE AND ENHANCE ECONOMIC OPPORTUNITIES BY PROVIDING MEETING ROOM RENTAL SPACE, INTERNET ACCESS, AND A PLACE TO OBTAIN DETAILED INFORMATION ABOUT CVRF'S PROGRAMS AND SERVICES. APPROXIMATELY 50 COMMUNITY SERVICE REPRESENTATIVES (CSRS) ARE EMPLOYED AT THE CSCS EACH YEAR.CONSTRUCTION COSTS FOR COMMUNITY SERVICE CENTERS (CSC) - CVRF BUILT, OWNS, MAINTAINS, AND IMPROVES THE CSCS IN 19 OF OUR 20 COMMUNITIES. CDQ ADVOCACY - EDUCATION AND AWARENESS RELATED TO CDQ PROGRAM, COMPANY EFFORTS SURROUNDING RESIDENT CONCERNS AND COMPANY INITIATIVES. THIS DEPARTMENT HAS TAKEN PRIMARY CONTROL OVER THE CVRF WEBSITE, FACEBOOK, AND OTHER PUBLIC RELATIONS EFFORTS. 863724 855665 PEOPLE PROPEL (PROGRAM #7): - THE PEOPLE PROPEL PROGRAM WAS CREATED TO MEET THE DEMAND OF OUR COMMUNITY RESIDENTS FOR SAFER, MORE FUEL EFFICIENT AND ENVIRONMENTALLY CLEANER OUTBOARDS AND BOATS. THE PEOPLE PROPEL PROGRAM ALSO ASSISTS CVRF RESIDENTS IN BUYING OTHER EQUIPMENT NECESSARY FOR LIFE IN A SMALL COASTAL COMMUNITY. IN 2018, PEOPLE PROPEL BEGAN PROVIDING DOWN-PAYMENT ASSISTANCE FOR COMMUNITY HOME CONSTRUCTION AND MAJOR HOME IMPROVEMENTS. UNDER THIS PROGRAM, CVRF PROVIDES A SUBSIDY IN THE AMOUNT OF 30% OF THE ASSET COST, WITH THE RESIDENT RESPONSIBLE FOR THE REMAINING 70%. 108577 INSHORE AND NEARSHORE PROGRAM DESCRIPTION (PROGRAM #2):IN PRIOR YEARS CVRF OPERATED SIX HALIBUT PLANTS, ONE SALMON PLANT, A SALMON BUYING STATION AND SUPPORTING TENDERS, TUGS, AND BARGES. THESE OPERATIONS WERE SUSPENDED IN 2016 DUE TO HIGH SUBSIDY REQUIREMENTS AND THE DESIRE TO FOCUS ON MORE GEOGRAPHICALLY-EQUITABLE ECONOMIC DEVELOPMENT PROGRAMS ACROSS THE ENTIRE SERVICE AREA. THIS PROGRAM IS BEING PHASED OUT. 957045 YOUTH PROGRAMS (PROGRAM #4):YOUTH PROGRAMS - THE COASTAL VILLAGES YOUTH PROGRAMS PROMOTE LEADERSHIP, PERSONAL DEVELOPMENT, AND CITIZENSHIP AMONG THE YOUTH IN THE COMMUNITIES AGES 13 TO 24. THROUGH VARIOUS ACTIVITIES AND ACHIEVEMENTS, THE YOUTH LEARN TO ACCEPT RESPONSIBILITY, GAIN LEADERSHIP SKILLS, THROUGH PARTICIPATION IN COMMUNITY ACTIVITIES. YOUTH AGES 14-19 ALSO HAVE THE OPPORTUNITY TO WORK DURING THE SUMMER VIA CVRF'S YOUTH-TO-WORK PROGRAM. CIUNEQ IS A PROGRAM FOR HIGH ACHIEVING HIGH SCHOOL AGED YOUTH TO CREATE A PATHWAY FOR FUTURE EDUCATION AND CAREER SUCCESS THROUGH EXPOSURE TO THE OPPORTUNITIES AVAILABLE TO THEM . 804477 802668 SOCIAL INVESTMENTS (PROGRAM #5):SOCIAL INVESTMENTS - IS COMPRISED OF VARIOUS SOCIAL PROGRAMS TO IMPROVE THE WELFARE OF RESIDENTS IN THE SERVICE AREA.TAX ASSISTANCE - EACH YEAR, CVRF FUNDS THE VOLUNTEER INCOME TAX ASSISTANCE PROGRAM (VITA), WHICH IS PROVIDED BY THE ALASKA SMALL BUSINESS DEVELOPMENT CENTER (ABDC) AND THE UNIVERSITY OF ALASKA ANCHORAGE. THROUGH THIS PROGRAM, STUDENTS IN THE ACCOUNTING FIELD AND BUSINESS PROFESSORS ARE SENT TO ALL CVRF COMMUNITIES TO PROVIDE TAX PREPARATION ASSISTANCE AT NO COST TO RESIDENTS.POLLOCK PROVIDES(R) HEATING OIL PROGRAM HEATING OIL IS PROVIDED TO COMMUNITY MEMBERS DURING THE WINTER AND SPRING MONTHS TO OFFSET INCREASINGLY HIGH FUEL COSTS. POLLOCK PROVIDES(R) IS A COMPANY TRADEMARK THAT ENCOMPASSES MANY OF CVRF'S COMMUNITY PROGRAMS AND SERVICES.ELDER ASSISTANCE PROGRAM - THIS PROGRAM ASSISTS ELDERS IN CVRF'S MEMBER COMMUNITIES WITH THE HIGH COST OF LIVING BY PROVIDING FUNDING FOR EXPENSES SUCH AS HEATING OIL, ELECTRICITY, WATER AND SEWER, GASOLINE, MOTOR OIL, AND GROCERIES.FUNERAL ASSISTANCE - THIS PROGRAM IS DESIGNED TO PROVIDE COMMUNITY MEMBERS WITH ASSISTANCE IN FUNERAL AND BURIAL COSTS IN THE COMMUNITIES.CONSTRUCTION - THIS PROGRAM IS DESIGNED TO PROVIDE COMMUNITY ASSISTANCE FOR AFFORDABLE HOUSING AND IMPROVEMENT OF CRITICAL INFRASTRUCTURE. THE PROGRAM IS WORKING TO DEVELOP COMMUNITY CAPACITY THROUGH HIRING AND TRAINING QUALIFIED PERSONNEL TO PERFORM CONSTRUCTION ACTIVITIES, TO PROVIDE DOWN-PAYMENT ASSISTANCE, TO PROVIDE CONSULTATION AND COORDINATION WITH HOUSING LENDERS, BIA AND OTHER LOW-INCOME HOUSING PROGRAM PROVIDERS. AFFORDABLE HOUSING UNITS WILL BE SOLD TO QUALIFYING COMMUNITIES MEMBERS WITH HOUSING SALES PROCEEDS ROLLING BACK INTO THE PROGRAM. THE PROGRAM WILL ALSO CONDUCT CONSTRUCTION AND MAINTENANCE OF OTHER CRITICAL INFRASTRUCTURE, SUCH AS BOARDWALKS, COMMUNITY CENTERS, AND OTHER FACILITIES WITHIN THE COMMUNITIES. 237132 190938 4-SITE (PROGRAM #6):THE 4-SITE PROGRAM WAS ESTABLISHED IN 1993. IT IS AIMED AT PROVIDING LONG-TERM ECONOMIC AND SOCIAL DEVELOPMENT IN OUR MEMBER COMMUNITIES BY PROVIDING SCHOLARSHIPS, INTERNSHIPS, TRAINING, AND EMPLOYMENT. 325989 CDQ CONTRACT & QUOTA MANAGEMENT (PROGRAM #8):CDQ CONTRACT AND QUOTA MANAGEMENT CVRF IS INCREASINGLY LEASING ITS CDQ QUOTA TO WHOLLY-OWNED SUBSIDIARIES AND HAS ACQUIRED SIGNIFICANT ADDITIONAL QUOTA (NON-CDQ) IN THE MAJOR BERING SEA FISHERIES. THE QUOTA MANAGEMENT TEAM MONITORS THE HARVEST OF ALL CDQ ALLOCATIONS THROUGHOUT THE YEAR, AND COORDINATES WITH FISHING VESSELS AND/OR HARVESTING PARTNERS TO MAXIMIZE THE HARVEST OF CVRF'S CDQ QUOTA. 2433220 993606 48733624 0 1 0 0 0 0 0 0 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 1 1 1 0 0 1 121 0 1099 1 1 1 0 0 0 0 0 0 0 0 0 X 20 6 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 X MICHELLE DREW 9076446552 711 H STREET SUITE 200 ANCHORAGE AK 99501 ALEXIE STEVEN BOARD MEMBER (THRU 10/23) 3.00 0.00 X 11250 0 0 BEEBE CARLIE BOARD MEMBER 3.00 0.00 X 27625 0 0 CHUCKWUK GEORGE BOARD MEMBER 3.00 0.00 X 27388 0 0 HUNTER LARSON BOARD MEMBER, PRESIDENT 3.00 0.00 X X 133075 0 0 IVON JERRY BOARD MEMBER 3.00 0.00 X 23550 0 0 JUNG RICHARD BOARD MEMBER, VICE PRESIDENT 3.00 0.00 X X 48915 0 0 KANRILAK ALMA BOARD MEMBER 3.00 0.00 X 23600 0 0 KIUNYA ANDREW BOARD MEMBER 3.00 0.00 X 22500 0 0 MATTHEW JOHN BOARD MEMBER 3.00 0.00 X 23225 0 0 OLICK GABRIEL BOARD MEMBER, TREASURER 3.00 0.00 X X 36800 0 0 OLSON SR ERIC BOARD MEMBER 3.00 0.00 X 22500 0 0 SAMUEL JOHN BOARD MEMBER, SECRETARY 3.00 0.00 X X 32225 0 0 STEVENS NICHOLAI BOARD MEMBER 3.00 0.00 X 23225 0 0 ULROAN ALFRED BOARD MEMBER 3.00 0.00 X 23550 0 0 WILLIAMS ALBERT BOARD MEMBER 3.00 0.00 X 25413 0 0 ANTHONY ISADORE BOARD MEMBER 3.00 0.00 X 23675 0 0 EVAN EVAN BOARD MEMBER 3.00 0.00 X 20150 0 0 PANRUK ROBERT BOARD MEMBER 3.00 0.00 X 20150 0 0 CHANAR ALEXIE BOARD MEMBER 3.00 0.00 X 20500 0 0 CHARLES LISA BOARD MEMBER 3.00 0.00 X 20150 0 0 LARSON JACKIE BOARD MEMBER 3.00 0.00 X 2400 0 0 DEAKIN ERIC CEO 40.00 0.00 X 385197 0 42912 DREW MICHELLE CHIEF FINANCIAL OFFICER 40.00 0.00 X 316772 0 17591 TSUKADA RYUICHI CHIEF OPERATIONS OFFICER 40.00 0.00 X 195147 0 31063 HINDERMANN THOMAS CHIEF ENGINEER 40.00 0.00 X 236972 0 22843 REINES JOHN CHIEF ENGINEER 40.00 0.00 X 289727 0 20027 COLEMAN MICHAEL BERING SEA OPERATIONS GM 40.00 0.00 X 309612 0 42855 EGAAS JAMES CAPTAIN 40.00 0.00 X 322285 0 49520 SOUZA NICHOLAS DIRECTOR OF SALES & MARKETING 40.00 0.00 X 250066 0 10709 ROSENBERGER LORENA DIRECTOR OF BERING SEA OPERATIONS 40.00 0.00 X 221132 0 23945 GJERDE TERJE FACTORY MANAGER 40.00 0.00 X 280330 0 35718 VELASCO SAUVEUR CAPTAIN 40.00 0.00 X 237441 0 30921 HENKEN MICHAEL CHIEF ENGINEER 40.00 0.00 X 206712 0 25615 DICKSON EDWARD CHIEF ENGINEER 40.00 0.00 X 164252 0 23950 KEYDEL KURT PORT ENGINEER 40.00 0.00 X 196590 0 12015 BETZ NATHANIEL DIRECTOR OF COMMUNITY PROG 40.00 0.00 X 153316 0 17580 STRANDBERG FARIBA DIRECTOR OF FINANCE 40.00 0.00 X 221943 0 11973 DIAZ-DIAZ FRANCISCO FIRST MATE 40.00 0.00 X 237873 0 31838 ZUNIGA AGUERO RUBEN BAADER TECHNICIAN 40.00 0.00 X 214396 0 27615 ZOCH SPENCER THIRD MATE 40.00 0.00 X 213970 0 17511 MORALES HECTOR BAADER TECHNICIAN 40.00 0.00 X 197295 0 10725 5462894 0 506926 68 0 1 0 NAKAMURA (USA) INC ONE UNION SQUARE STE 2324 SEATTLE WA 98101 SHIPPING 4771173 COASTAL TRANSPORTATION INC 4025 13TH AVE W SEATTLE WA 98119 SHIPPING 2417379 PETRO STAR INC PO BOX 240128 ANCHORAGE AK 99524 OFFLOAD SERVICES 803887 EVERETT SHIP REPAIR LLC PO BOX 580 FREELAND WA 98249 REPAIR AND MAINTENANCE 443303 UNION PACIFIC RAILROAD CO PO BOX 502453 ST LOUIS MO 63150 SHIPPING 396976 29 750424 750424 EARNINGS IN BSAIP, LLC 110000 2105558 2101385 4173 EARNINGS IN BSAIV, LLC 110000 1920536 1883982 36554 4026094 933067 7552 925515 3409454 3409454 1459447 0 1459447 1459447 1459447 10500 113868 8045 -113868 2455 -111413 -111413 79004199 40179046 38825153 39228776 -403623 TENDERING SERVICES REV 900099 1191500 1191500 OTHER REVENUE 900099 680135 384020 296115 MANAGEMENT FEE INCOME 900099 348687 348687 2220322 51512548 43214143 28676 7519305 776124 776124 2173838 2173838 4784679 3481902 1302777 6492013 3257685 3234328 432023 230360 201663 315473 206385 109088 915718 585038 330680 421027 199511 221516 262015 262015 297930 297930 2208291 885786 1322505 12091 7994 4097 139953 116238 23715 552998 92951 460047 1560130 1492163 67967 909196 556340 352856 158351 140937 17414 1186014 1185620 394 8735434 8701220 34214 5809760 5235589 574171 FREIGHT 7619944 7608141 11803 VESSEL OPERATIONS 6394046 6394046 SUPPLIES 3148099 3142502 5597 FISHERIES SUPPORT 1307790 1307790 577622 955464 -377842 57190559 48733624 8456935 0 33741663 7916423 13060881 17708571 4953184 8666127 7745090 7877975 4228824 6865045 4246618 4033117 192201266 111529318 84134023 80671948 34881905 38371407 124211878 167899033 1459499 1226842 312663565 341236488 6014020 13738266 1472876 126824 36731423 2561630 2640524 10048526 53237037 X 302615039 287999451 302615039 287999451 312663565 341236488 X -5678011 -8937577 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16385241 16385241 8663599 3654221 5009378 2848096 2843106 4990 14713403 13216215 1497188 149590927 91815776 57775151 80671948 INVESTMENT IN SUBSIDIARIES 38371407 F 38371407 INDIVIDUAL FISHING QUOTAS 167899033 F 167899033 SECURITY DEPOSITS 366557 ACCRUED PAYROLL 1551236 CAPITAL LEASE 697227 SALES TAX 25504 2640524 1 CQS1 LLC 711 H STREET SUITE 200 ANCHORAGE AK 99501 861799959 265000 0 COMMUNITY DEVELOPMENT CQS4 LLC 711 H STREET SUITE 200 ANCHORAGE AK 99501 862295269 175000 0 COMMUNITY DEVELOPMENT CQS3 LLC 711 H STREET SUITE 200 ANCHORAGE AK 99501 862350073 150000 0 COMMUNITY DEVELOPMENT CQS2 LLC 711 H STREET SUITE 200 ANCHORAGE AK 99501 862321690 145000 0 COMMUNITY DEVELOPMENT ALASKA SCHOOL ACTIVITIES ASSOCIATION INC 4048 LAUREL ST ANCHORAGE AK 99508 920116510 501(C)(3) 7500 0 COMMUNITY DEVELOPMENT SEASHARE 600 ERICKSEN AVE NE SUITE 310 BAINBRIDGE ISLAND WA 98110 911641242 13543 0 COMMUNITY DEVELOPMENT 1 5 PEOPLE PROPEL SUBSIDIES 253 855664 HEATING OIL 2221 313983 COST HEATING FUEL SCHOLARSHIPS 61 190939 FUNERAL ASSISTANCE 110 80851 COST FOOD FOR CELEBRATION OF LIFE & BURIAL ASSISTANCE TAX ASSISTANCE 2041 107000 COST TAX PREPARATION SERVICES CERTIFICATES FOR REPAIR SERVICES 859 99567 HOME OWNERSHIP SUBSIDY 3 225000 ELDER ASSISTANCE 821 300834 COST HEATING FUEL PART I, LINE 2: RECIPIENTS MUST SIGN AN AGREEMENT THAT THE MONEY WILL ONLY BE USED FOR THE STATED PURPOSE. ALL SCHOLARSHIP MONEY IS DIRECTLY PAID TO THE UNIVERSITIES AND NOT THE STUDENT. PEOPLE PROPEL SUBSIDIES ARE PAID DIRECTLY TO VENDORS AND NOT THE INDIVIDUAL. HOME OWNERSHIP SUBSIDIES ARE PAID TO THE CONSTRUCTION CONTRACTOR OR ESCROW AGENT AT CLOSING, NOT PAID TO THE INDIVIDUAL. X 0 1 X X X X 0 0 0 0 0 0 0 0 0 DEAKIN ERIC CEO 385197 0 0 0 0 0 13200 0 29712 0 428109 0 0 0 EGAAS JAMES CAPTAIN 322285 0 0 0 0 0 16779 0 32741 0 371805 0 0 0 COLEMAN MICHAEL BERING SEA OPERATIONS GM 309612 0 0 0 0 0 15330 0 27525 0 352467 0 0 0 DREW MICHELLE CHIEF FINANCIAL OFFICER 316772 0 0 0 0 0 15839 0 1752 0 334363 0 0 0 GJERDE TERJE FACTORY MANAGER 280330 0 0 0 0 0 12523 0 23195 0 316048 0 0 0 REINES JOHN CHIEF ENGINEER 289727 0 0 0 0 0 10147 0 9880 0 309754 0 0 0 DIAZ-DIAZ FRANCISCO FIRST MATE 237873 0 0 0 0 0 8118 0 23720 0 269711 0 0 0 VELASCO SAUVEUR CAPTAIN 237441 0 0 0 0 0 11872 0 19049 0 268362 0 0 0 SOUZA NICHOLAS DIRECTOR OF SALES & MARKETING 250066 0 0 0 0 0 8489 0 2220 0 260775 0 0 0 HINDERMANN THOMAS CHIEF ENGINEER 236972 0 0 0 0 0 11945 0 10898 0 259815 0 0 0 ROSENBERGER LORENA DIRECTOR OF BERING SEA OPERATIONS 221132 0 0 0 0 0 11201 0 12744 0 245077 0 0 0 ZUNIGA AGUERO RUBEN BAADER TECHNICIAN 214396 0 0 0 0 0 7440 0 20175 0 242011 0 0 0 STRANDBERG FARIBA DIRECTOR OF FINANCE 221943 0 0 0 0 0 11097 0 876 0 233916 0 0 0 HENKEN MICHAEL CHIEF ENGINEER 206712 0 0 0 0 0 4770 0 20845 0 232327 0 0 0 ZOCH SPENCER THIRD MATE 213970 0 0 0 0 0 7439 0 10072 0 231481 0 0 0 TSUKADA RYUICHI CHIEF OPERATIONS OFFICER 195147 0 0 0 0 0 8985 0 22078 0 226210 0 0 0 KEYDEL KURT PORT ENGINEER 195490 0 1100 0 0 0 7795 0 4220 0 208605 0 0 0 MORALES HECTOR BAADER TECHNICIAN 197295 0 0 0 0 0 9849 0 876 0 208020 0 0 0 DICKSON EDWARD CHIEF ENGINEER 164252 0 0 0 0 0 8213 0 15737 0 188202 0 0 0 BETZ NATHANIEL DIRECTOR OF COMMUNITY PROG 153316 0 0 0 0 0 7500 0 10080 0 170896 0 0 0 PART I, LINE 1B CVRF OCCASIONALLY CHARTERS FLIGHTS TO VILLAGES TO TRANSPORT BOARD MEMBERS, KEY EMPLOYEES OR OTHER STAFF. THESE EXPENSES ARE NOT REPORTED AS TAXABLE INCOME TO THE INDIVIDUALS TRAVELING, AS THE TRAVEL IS RELATED TO CVRF'S PROGRAMMATIC WORK. ALICE HUNTER SPOUSE OF BOARD MEMBER LARSON HUNTER 3987 PEOPLE PROPEL EQIPMENT PURCHASE AMANDA SHAVINGS CHILD OF BOARD MEMBER ALBERT WILLIAMS 4184 PEOPLE PROPEL EQIPMENT PURCHASE EDNA BEEDE SIBLING OF BOARD MEMBER CARLIE BEEBE 519 PEOPLE PROPEL EQIPMENT PURCHASE EVAN EVAN BOARD MEMBER 2586 PEOPLE PROPEL EQIPMENT PURCHASE GEORGE PANRUK SIBLING OF BOARD MEMBER ROBERT PANRUK 5071 PEOPLE PROPEL EQIPMENT PURCHASE GEORGE WILLIAMS JR SIBLING OF BOARD MEMBER ALBERT WILLIAMS 3059 PEOPLE PROPEL EQIPMENT PURCHASE ISADORE ANTHONY BOARD MEMBER 6965 PEOPLE PROPEL EQIPMENT PURCHASE JONATHAN KIUNYA CHILD OF BOARD MEMBER ANDREW KIUNYA 6374 PEOPLE PROPEL EQIPMENT PURCHASE JULIA LEWIS SIBLING OF BOARD MEMBER ROBERT PANRUK 1764 PEOPLE PROPEL EQIPMENT PURCHASE MARY SAMUEL SPOUSE OF BOARD MEMBER JOHN SAMUEL 3930 PEOPLE PROPEL EQIPMENT PURCHASE ROBERT ANTHONY SIBLING OF BOARD MEMBER ISADORE ANTHONY 3324 PEOPLE PROPEL EQIPMENT PURCHASE SUSANNA CHANAR PARENT OF BOARD MEMBER SAM CHANAR 3054 PEOPLE PROPEL EQIPMENT PURCHASE ALFRED ULROAN BOARD MEMBER 2000 SCHOLARSHIP EDUCATION KATIE ANTHONY SIBLING OF BOARD MEMBER ISADORE ANTHONY 1500 SCHOLARSHIP EDUCATION ASHLEY TOM CHILD OF BOARD MEMBER LISA CHARLES 1600 SCHOLARSHIP EDUCATION GRETCHEN WILLIAMS DAUGHTER OF BOARD MEMBER ALBERT WILLIAMS 66866 EMPLOYEE COMPENSATION 0 AMANDA SHAVINGS DAUGHTER OF BOARD MEMBER ALBERT WILLIAMS 42656 EMPLOYEE COMPENSATION 0 GEORGE SMITH FATHER-IN-LAW OF BOARD MEMBER LARSON HUNTER 129738 EMPLOYEE COMPENSATION 0 MARITA STEVENS DAUGHTER OF BOARD MEMBER NICHOLAI STEVENS 18004 EMPLOYEE COMPENSATION 0 MARY SAMUEL WIFE OF BOARD MEMBER JOHN SAMUEL 12000 1099 NEC COMPENSATION 0 FORM 990, PART VI, SECTION A, LINE 2 SEE SCHEDULE L. FORM 990, PART VI, SECTION A, LINE 6 CVRF HAS 20 MEMBER COMMUNITIES AS IDENTIFIED IN SECTION 305(I)(1)(D)(IV) OF THE MAGNUSON-STEVENS FISHERY CONSERVATION AND MANAGEMENT ACT. FORM 990, PART VI, SECTION A, LINE 7A THERE IS ONE BOARD MEMBER FROM EACH OF THE 20 COMMUNITIES. WHEN COMMUNITIES' ELECTED OFFICIAL'S 6-YEAR TERM IS ENDING, THE COMMUNITIES' CITY OR TRIBAL COUNCIL HOLDS AN ELECTION AT LEAST 10 DAYS PRIOR TO THE ANNUAL MEETING OR AS SOON AS REASONABLY POSSIBLE FOLLOWING AN UNPLANNED BOARD DEPARTURE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY KPMG LLP AND REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE CONTROLLER. THE CHIEF FINANCIAL OFFICER WILL APPROVE AND SIGN THE FINAL FORM 990. FORM 990, PART VI, SECTION B, LINE 12C UPON HIRE, OR ELECTION, ALL EMPLOYEES AND BOARD MEMBERS ARE PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY STATEMENT. NEW BOARD MEMBERS ARE PROVIDED AN ON-BOARDING ORIENTATION THAT CLEARLY HIGHLIGHTS THE POLICY. ANNUALLY, THE BOARD COMPLETES A WRITTEN CONFLICT OF INTEREST RENEWAL STATEMENT, AS WELL AS RELATED PARTY/NEPOTISM STATEMENTS. FORMS SUBMITTED ARE REVIEWED BY THE EXECUTIVE STAFF AND BOARD SECRETARY AND ANY CONFLICTS DISCLOSED AT THAT TIME WOULD BE COMMUNICATED TO THE BOARD CHAIR FOR RESOLUTION. PERIODICALLY, THROUGHOUT THE YEAR, THE BOARD MEMBERS ARE REMINDED OF CONFLICT OF INTEREST VIA VERBAL COMMUNICATIONS DURING BOARD MEETINGS RELATIVE TO VARIOUS AGENDA ITEMS. GIVEN THE CULTURAL AND GEOGRAPHIC MAKEUP OF OUR BOARD AND RESIDENT POPULATION, IT IS VERY RARE TO HAVE FINANCIAL OR OTHER INVESTMENT CONFLICTS; HOWEVER IT IS VERY COMMON TO HAVE RELATED PARTY TRANSACTIONS OR FAMILY PARTICIPATION IN EMPLOYMENT, COMPENSATION AND BONUSES. THESE CONFLICTS ARE DISCLOSED VERBALLY DURING THE MEETINGS AND ANNUALLY THROUGH THE RELATED PARTY STATEMENTS. GENERALLY, THE BOARD CHAIRMAN, WITH THE ADVICE OF MANAGEMENT AND/OR LEGAL COUNSEL, AS NECESSARY, DECIDES WHETHER OR NOT THE CONFLICT IS SUFFICIENT TO PRECLUDE THE MEMBER FROM DISCUSSION, DELIBERATION, OR VOTING. IF THE CONFLICT IS DEEMED MATERIAL OR SELF-SERVICE THE BOARD MEMBER IS EXCLUDED. FORM 990, PART VI, SECTION B, LINE 15 PART VI, SECTION B, LINE 15B ANNUALLY, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS COMPLETES A PERFORMANCE EVALUATION FOR THE EXECUTIVE DIRECTOR. ADDITIONALLY, AN INDEPENDENT THIRD PARTY PERFORMS A COMPENSATION ANALYSIS FOR THE EXECUTIVE DIRECTOR ON A PERIODIC BASIS TO ENSURE THAT PAY IS REASONABLE AND IN LINE WITH MARKET CONDITIONS. THE COMPENSATION ANALYSIS, AS WELL AS THE EXECUTIVE DIRECTOR'S OVERALL PERFORMANCE, IS REVIEWED BY THE EXECUTIVE COMMITTEE. DELIBERATION OF AND DECISIONS REGARDING THE EXECUTIVE DIRECTOR'S PERFORMANCE AND COMPENSATION ARE RECORDED IN THE BOARD MINUTES. THIS PROCESS WAS LAST COMPLETED IN 2019. PART VI, SECTION B, LINE 15B ANNUALLY, SELF EVALUATIONS ARE CONDUCTED AND THEN AN EVALUATION IS PREPARED BY THE EMPLOYEE'S MANAGER. AN INDEPENDENT THIRD PARTY PERFORMS A COMPENSATION ANALYSIS FOR ALL EXECUTIVE STAFF, INCLUDING ALL OFFICERS, ON A PERIODIC BASIS TO ENSURE THAT PAY IS REASONABLE AND IN LINE WITH MARKET CONDITIONS. THE COMPENSATION ANALYSIS IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. REVIEW OF THE COMPENSATION ANALYSIS IS RECORDED CONTEMPORANEOUSLY IN THE BOARD MINUTES. COMPENSATION FOR EXECUTIVE STAFF IS APPROVED BY THE EMPLOYEE'S MANAGER. THIS PROCESS WAS LAST COMPLETED IN 2019. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH THE COMPANY'S ANNUAL REPORT, WHICH IS POSTED ON THE ORGANIZATION'S WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE PROVIDED TO EACH OF OUR 20 COMMUNITY SUPPORT CENTERS AND PROVIDED TO THE PUBLIC IN THAT COMMUNITY UPON REQUEST. FORM 990, PART XI, LINE 9: COASTAL VILLAGES ENTERPRISES, INC. 2023 BOOK LOSS -2,333,873. ADOPTION OF ASC326 -6,603,704. 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