Bristol Bay Economic Development Corporation
501(c)(4)
83% goes to programs Strong reserves Declining revenue
Bristol Bay Economic Development Corporation is a 501(c)(4) organization based in Dillingham, Alaska, registered in 1993, with $20,020,774 in FY2023 revenue. CharityIndex grades it A, and it directs about 83% of spending to programs.
Po Box 1464, Dillingham, AK, 99576 EIN 92-0142567 Since 1993
Revenue (FY2023)
$20.0M
▼ 57.4% vs prior year
Expenses (FY2023)
$21.7M
Net assets
$391.7M
Employees
35
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating83% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Bristol Bay Economic Development Corporation: 83% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating217 mo reserves · -8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bristol Bay Economic Development Corporation: 217 mo reserves · -8% margin earns a B+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Bristol Bay Economic Development Corporation: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bristol Bay Economic Development Corporation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To promote economic growth and opportunities for residents of its member communities; see sch o. through sustainable use of the bering sea resources.
What they do
Community and business development - see schedule obbedc has invested more than $129,000,000 in community economic development through community grant programs. community grants provide bbedc communities with the opportunity to fund projects that promote sustainable community and regional economic development. in addition, communities may choose to use community block grant funds to assist eligible resident households in the respective bbedc communities to purchase home heating fuel and/or electricity or to fund operations and maintenance (o&m) of buildings and ice machines to which the community owns title. in 2023, the board of directors allocated $750,000 per bbedc community for the community block grant program and the following were awarded.aleknagik $750,000heavy equipment repair projecthome heating fuel/electric assistancepurchase heavy equipment loaderpurchase heavy equipment dump truckbrush cutting/clearing projectmajor equipment repair projectclarks point $750,000snowbulance rescue sledhome heating fuel/electric assistancegravel purchase projectpurchase heavy equipment loaderpurchase heavy equipment skid steerelectric repair projectdillingham $750,000home heating fuel/electric assistanceegegik $750,000vehicle purchasepurchase heavy equipment telehandlershop/storage building construction projectekuk $750,000construction of ekuk to clarks point road phase xekwok $750,000home heating fuel/electric assistancegreen building construction projectking salmon $750,000home heating fuel/electric assistancelevelock $750,000fish processing plant development, next phasehome heating fuel/electric assistancetribal council office o&mlevelock clinic/rainbow hall o&mmanokotak $750,000home heating fuel/electric assistance brush cutting projectcommunity building, phase 1naknek $750,000eckert property improvements and enhancementpilot point $750,000home heating fuel/electric assistanceseafood processing facility, next phasecommunity housing projectscoastal revetment barrierpurchase heavy equipment - excavatorportage creek $750,000housing security projectport heiden $750,000home heating fuel/electric assistancetribal building renovation projectjohnny christensen visiting center, phase 1south naknek $750,000home heating fuel/electric assistancepurchase heavy equipment skid steerpurchase vehiclesice machine additionstogiak $750,000home heating fuel/electric assistancefreezer unit purchase and installationtwin hills $750,000home heating fuel/electric assistancemeter base changeout projectpowerline extension projectequipment upgrade & repairpurchase heavy equipment skid steer with snow blowerbrush cutting/clearing projectmaintenance building fund allocationugashik $750,000home heating fuel/electric assistanceinfrastructure improvements/commercial fishing supportarctic tern programthrough the arctic tern program bbedc distributes grants of up to $6,000 available to each bbedc community to undertake projects that provide opportunities for employment and educational activities for youth under the age of 17. a cumulative total of $53,260 was awarded to 10 bbedc communities in 2023 and a total of 58 youth were employed and/or engaged through the grants. projects included community-wide cleanup events, community helper program's in two separate communities that employed young people to provide home services for residents in need, attendance at the alaska federation of natives (afn) youth and elders conference, student employees designed a tribal logo, and a tour of college and vocational institutesinterest rate assistance programthe interest rate assistance (ira) program is designed to help resident fishers with interest expenses that occur with fishing loans in order that they may reinvest in their fishing operations and to offset ever-increasing interest rates. participants reported that the loan and savings gained from the ira were invested in improvements to their vessels and added gear; all of which makes resident fishing operations more profit
Contact & location
- Address
- Po Box 1464, Dillingham, AK, 99576
- City
- Dillingham
- State
- Alaska
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $27.3M (FY2013) to $20.0M (FY2023) across 8 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $3.3MNet assets $391.7M
Operating margin
-8.1%
Spent more than it raised in the latest fiscal year.
Total assets
$395.0M
Total liabilities
$3.3M
Net assets
$391.7M
Salaries & benefits
$2.6M
12% of expenses
Board members
20
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $20,020,774▼57.4% | $21,652,256▼3.3% | $391,661,452▲2.5% | $394,959,006▲2.7% | 990 |
| 2022 | $47,038,939▼35.6% | $22,392,468▼40.2% | $381,955,979▼1.3% | $384,600,359▼3.6% | 990 |
| 2021 | $73,071,666▲165% | $37,467,010▲80.2% | $387,002,863▲12.8% | $398,869,133▲10.3% | 990 |
| 2020 | $27,584,898▼15.0% | $20,790,542▲18.5% | $343,159,439▲12.6% | $361,710,560▲18.1% | 990 |
| 2019 | $32,445,568▼5.3% | $17,539,796▼4.8% | $304,775,626▲20.5% | $306,219,768▲12.9% | 990 |
| 2018 | $34,254,691▲16.2% | $18,415,277▼13.9% | $252,836,215▲1.0% | $271,270,761▲0.6% | 990 |
| 2017 | $29,479,685▲7.9% | $21,400,317▲2.1% | $250,347,291▲13.1% | $269,695,811▲8.2% | 990 |
| 2013 | $27,324,728 | $20,954,064 | $221,354,531 | $249,303,258 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Michael Link — $268,672 (1.24% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Link | Executive Director | 0 | $268,672 |
| Staci Fieser | Cfo | 40 | $172,472 |
| Clifford Tubbs | Finance Officer | 40 | $154,852 |
| Christopher Napoli | Cao | 40 | $149,557 |
| Alice Ruby | Program Director | 40 | $124,464 |
| H Robin Samuelsen Jr | Chair Thru Nov 2023 | 13.5 | $47,083 |
| Gerda Kosbruk | Chair Beg Nov 2023 | 6.48 | $18,750 |
| Hattie Albecker | Secretary | 6.12 | $14,917 |
| Victor Seybert | Board Member | 5.94 | $13,750 |
| Maryann Johnson | Board Member | 3.42 | $12,500 |
| Robert Heyano | Treasurer | 4.14 | $11,917 |
| Fritz Sharp | Board Member | 1.8 | $9,750 |
| Jimmy Coopchiak | Board Member | 0.9 | $9,666 |
| Fred T Angasan Sr | Board Member | 1.98 | $7,500 |
| Alexander Tallekpalek | Board Member | 1.8 | $6,500 |
| Betty Gardiner | Board Member | 1.62 | $6,500 |
| Gusty Ilutsik Jr | Board Member | 1.44 | $6,250 |
| Peter Angasan Sr | Board Member | 1.98 | $5,500 |
| Richard King | Board Member | 1.8 | $5,000 |
| Erin Peters | Board Member | 1.44 | $4,000 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Zachary Scott & Co | Consulting | $835,802 |
| Kpmg LLP | Professional Services | $622,327 |
| Adams and Reese LLP | Consulting | $102,000 |
Grants made · $9.1M in FY2023
36 grants totaling $9.1M in FY2023 — showing the 15 largest. All grants made by Bristol Bay Economic Development Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| Pilot Point Tribal Council | Cbg drawdown, community liason | $1,156,498 |
| Bristol Bay Science & Research Institute | Program support | $1,000,000 |
| Clarks Point Village Council | Cbg drawdown,artic tern and community liason | $866,056 |
| Aleknagik Traditional Council | Cbg drawdown, youth program, community liason | $844,148 |
| Ugashik Traditional Village | Cbg drawdown, community liason, first aid training, artic tern | $724,745 |
| Curyung Tribal Council | Cbg drawdown,artic tern and community liason | $679,363 |
| Naknek Village Council | Cbg drawdown, community liason, artic tern | $626,249 |
| Ekwok Village Council | Cbg drawdown,artic tern, community liason, seasonal employment | $523,025 |
| Manokotak Village Council | Seasonal employment | $410,729 |
| United Tribes of Bristol Bay | Cfbb program, utbb financial assistance, sustainability summit, seasonal employment | $313,525 |
| King Salmon Tribal Council | Cbg drawdown, community liason | $287,500 |
| Ekuk Village Council | Cbg drawdown,artic tern and community liason | $265,801 |
| Christ Lutheran Church of Fairbanks Alaska | Cbg drawdown, community liason | $198,534 |
| Levelock Village Council | Cbg drawdown, community liason | $185,450 |
| Lake & Peninsula School District | Comntinuing techical education | $150,000 |
Frequently asked questions
- Is Bristol Bay Economic Development Corporation a legitimate nonprofit?
- Yes. Bristol Bay Economic Development Corporation is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 92-0142567, based in Dillingham, Alaska.
- What is Bristol Bay Economic Development Corporation's EIN?
- Bristol Bay Economic Development Corporation's Employer Identification Number (EIN) is 92-0142567.
- How much revenue does Bristol Bay Economic Development Corporation report?
- Bristol Bay Economic Development Corporation reported $20,020,774 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Bristol Bay Economic Development Corporation's spending goes to programs?
- Bristol Bay Economic Development Corporation spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Bristol Bay Economic Development Corporation have?
- CharityIndex grades Bristol Bay Economic Development Corporation A, based on program efficiency and fundraising cost.
- How much does Bristol Bay Economic Development Corporation's highest-paid employee make?
- The highest reported compensation on Bristol Bay Economic Development Corporation's latest Form 990 is $268,672, paid to Michael Link (Executive Director).
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Explore more
Data for Bristol Bay Economic Development Corporation (EIN 92-0142567) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.