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Bristol Bay Economic Development Corporation

Bbedc

Organization summary

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2020 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$27.6M (2020)

Expenses
$20.8M (2020)

Total Assets
$362M (2020)

Total Liabilities
$18.6M (2020)

Source: Form 990 tax filings from 2010 to 2020

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,584,898
Expenses
$20,790,542
Net Income
$6,794,356
Net Assets
$343,159,439
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,092,975
87.3%
Investment Income $2,161,056
7.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,254,408
4.5%
Net Inventory Sales $0
Other Revenue $76,459
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,279,478
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $682,036
3.3%
Assets/Debt
Total Assets $361,710,560
Total Liabilities $18,551,121
Net Assets $343,159,439
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Norman Van Vactor (President & Ceo) $268,844 $0 $41,849
Paul Peyton (Sio) $191,600 $0 $37,846
Helen Smeaton (Coo) $130,435 $0 $34,225
Staci Fieser (Cfo) $130,207 $0 $50,142
Alice Ruby (Program Director) $114,594 $0 $24,547
Clifford Tubbs (Finance Officer) $113,669 $0 $19,635
Christopher Napoli (Cao) $109,212 $0 $37,937
H Robin Samuelsen Jr (Chairman) $57,250 $3,750 $0
Robert Heyano (Treasurer) $33,584 $916 $0
Hattie Albecker (Secretary) $25,083 $917 $0
Fred T Angasan Sr (Vice Chairman) $20,000 $1,000 $0
Gerda Kosbruk (Board Member) $19,750 $2,250 $0
Victor Seybert (Board Member) $17,000 $1,000 $0
Mary Ann Johnson (Board Member) $10,250 $3,250 $0
Louie Alakayak Sr (Board Member) $5,500 $0 $0
Mark Angasan (Board Member) $5,000 $0 $0
Jimmy Coopchiak (Board Member) $5,000 $0 $0
Alexander Tallekpalek (Board Member) $4,000 $0 $0
Kenneth Jensen (Board Member) $3,750 $2,250 $0
Fritz Sharp (Board Member) $3,250 $1,750 $0
Margie Aloysius (Board Member) $3,000 $0 $0
Harry Wassily Sr (Board Member) $3,000 $0 $0
Michael Gottschalk (Board Member) $2,500 $1,500 $0
Justin Alto (Board Member) $2,500 $0 $0
William Yost (Alt Board Member) $500 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,445,568
Expenses
$17,539,796
Net Income
$14,905,772
Net Assets
$304,775,626
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,162,242
86.8%
Investment Income $3,050,489
9.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,026,846
3.2%
Net Inventory Sales $0
Other Revenue $205,991
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,022,353
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $883,516
5.0%
Assets/Debt
Total Assets $306,219,768
Total Liabilities $1,444,142
Net Assets $304,775,626
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Norman Van Vactor (President/Ceo) $259,515 $0 $40,866
Paul Peyton (Seafood Investment Officer) $184,292 $0 $37,120
Helen Smeaton (Chief Operating Officer) $125,393 $0 $32,754
Staci Fieser (Chief Financial Officer) $125,084 $0 $50,214
Chris Napoli (Chief Administrative Officer) $104,986 $0 $34,767
H Robin Samuelsen Jr (Chairman Of The Board) $40,333 $1,667 $0
Robert Heyano (Treasurer Of The Board) $27,000 $500 $0
Hattie Albecker (Secretary Of The Board) $24,500 $500 $0
Fred T Angasan Sr (Vice Chairman Of The Board) $21,500 $500 $0
Gerda Kosbruk (Board Member) $17,500 $2,000 $0
Victor Seybert (Board Member) $17,500 $0 $0
Mary Ann Johnson (Board Member) $9,750 $2,750 $0
Louie Alakayak Sr (Board Member) $9,500 $0 $0
Jimmy Coopchiak (Board Member) $9,500 $0 $0
Fritz Sharp (Board Member) $8,250 $2,250 $0
Paul Hansen Sr (Board Member) $8,000 $2,500 $0
Mark Angasan (Board Member) $8,000 $0 $0
Alexander Tallekpalek (Board Member) $5,500 $0 $0
Kenneth Jensen (Board Member) $4,750 $2,250 $0
Margie Aloysius (Board Member) $4,500 $0 $0
Harry Wassily Sr (Board Member) $3,000 $0 $0
Justin Alto (Board Member) $2,000 $0 $0
Betty Gardiner Wassily (Board Member) $1,000 $0 $0
William Yost (Alt Board Member) $1,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,254,691
Expenses
$18,415,277
Net Income
$15,839,414
Net Assets
$252,836,215
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,344,187
79.8%
Investment Income $2,475,745
7.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,296,142
12.5%
Net Inventory Sales $0
Other Revenue $138,617
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $963,149
5.2%
Professional Fundraising Fees $0
Other Salaries and Wages $902,689
4.9%
Assets/Debt
Total Assets $271,270,761
Total Liabilities $18,434,546
Net Assets $252,836,215
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Norman Van Vactor (President/Ceo) $249,905 $0 $35,024
Paul Peyton (Seafood Investment Officer) $177,268 $0 $34,191
Helen Smeaton (Chief Operating Officer) $120,450 $0 $30,359
Staci Fieser (Chief Financial Officer) $120,194 $0 $50,318
Chris Napoli (Chief Administrative Officer) $100,664 $0 $30,789
H Robin Samuelsen Jr (Chairman Of The Board) $32,084 $3,416 $0
Hattie Albecker (Secretary Of The Board) $22,000 $1,000 $0
Robert Heyano (Treasurer Of The Board) $21,500 $1,000 $0
Victor Seybert (Board Member) $17,250 $1,250 $0
Fred T Angasan Sr (Vice Chairman Of The Board) $16,750 $1,250 $0
Gerda Kosbruk (Board Member) $11,834 $2,666 $0
Mark Angasan (Board Member) $10,000 $0 $0
Jimmy Coopchiak (Board Member) $9,000 $0 $0
Mary Ann Johnson (Board Member) $8,250 $4,750 $0
Fritz Sharp (Board Member) $7,750 $3,750 $0
Betty Gardiner Wassily (Board Member) $7,500 $0 $0
Alexander Tallekpalek (Board Member) $7,500 $0 $0
Louie Alakayak Sr (Board Member) $6,000 $0 $0
Margie Aloysius (Board Member) $5,500 $0 $0
Kenneth Jensen (Board Member) $4,750 $3,750 $0
Paul Hansen Sr (Board Member) $4,000 $4,000 $0
Justin Alto (Board Member) $3,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,479,685
Expenses
$21,400,317
Net Income
$8,079,368
Net Assets
$250,347,291
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,000
0.0%
Program Services $24,731,120
83.9%
Investment Income $4,307,928
14.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$245,236
Net Inventory Sales $0
Other Revenue $677,873
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $925,901
4.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,021,214
4.8%
Assets/Debt
Total Assets $269,695,811
Total Liabilities $19,348,520
Net Assets $250,347,291
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Norman Van Vactor (President/Ceo) $236,626 $0 $26,204
Paul Peyton (Seafood Investment Officer) $173,803 $0 $44,428
Staci Fieser (Chief Financial Officer) $116,911 $0 $64,388
Helen Smeaton (Chief Operating Officer) $115,976 $0 $38,808
Chris Napoli (Chief Administrative Officer) $98,726 $0 $39,276
H Robin Samuelsen Jr (Chairman Of The Board) $34,668 $4,832 $0
Robert Heyano (Treasurer Of The Board) $21,084 $916 $0
Hattie Albecker (Secretary Of The Board) $20,584 $916 $0
Fred T Angasan Sr (Vice Chairman Of The Board) $18,084 $916 $0
Victor Seybert (Board Member) $15,584 $916 $0
Gerda Kosbruk (Board Member) $12,055 $1,916 $0
Mary Ann Johnson (Board Member) $10,084 $4,416 $0
Louie Alakayak Sr (Board Member) $7,500 $0 $0
Mark Angasan (Board Member) $6,000 $0 $0
Kenneth Jensen (Board Member) $5,750 $3,750 $0
Jimmy Coopchiak (Board Member) $5,500 $0 $0
Alexander Tallekpalek (Board Member) $5,500 $0 $0
Fritz Sharp (Board Member) $5,250 $3,250 $0
Margie Aloysius (Board Member) $5,000 $0 $0
Betty Gardiner Wassily (Board Member) $4,500 $0 $0
Paul Hansen Sr (Board Member) $4,500 $4,000 $0
Richard Alto (Board Member) $2,000 $0 $0
Ralph Angasan Iii (Board Alternate) $1,000 $0 $0
John Christensen Jr (Board Alternate) $1,000 $0 $0
William Yost (Board Alternate) $1,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,089,928
Expenses
$16,033,452
Net Income
-$4,943,524
Net Assets
$238,445,999
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,000
0.1%
Program Services $18,057,655
> 100%
Investment Income -$5,531,702
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,631,207
Net Inventory Sales $0
Other Revenue $187,182
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $948,928
5.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,141,403
7.1%
Assets/Debt
Total Assets $267,366,231
Total Liabilities $28,920,232
Net Assets $238,445,999

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,775,820
Expenses
$18,394,363
Net Income
$12,381,457
Net Assets
$243,521,711
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,000
0.0%
Program Services $18,723,033
60.8%
Investment Income $9,117,604
29.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,719,847
8.8%
Net Inventory Sales $0
Other Revenue $207,336
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $909,603
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,054,012
5.7%
Assets/Debt
Total Assets $277,085,218
Total Liabilities $33,563,507
Net Assets $243,521,711

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,812,772
Expenses
$21,228,632
Net Income
$9,584,140
Net Assets
$229,875,711
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,000
0.0%
Program Services $18,270,268
59.3%
Investment Income $10,824,340
35.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,500,042
4.9%
Net Inventory Sales $0
Other Revenue $213,122
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $816,563
3.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,006,311
4.7%
Assets/Debt
Total Assets $266,778,490
Total Liabilities $36,902,779
Net Assets $229,875,711

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,324,728
Expenses
$20,954,064
Net Income
$6,370,664
Net Assets
$221,354,531
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,982,784
62.2%
Investment Income $8,278,136
30.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,753,889
6.4%
Net Inventory Sales $0
Other Revenue $309,919
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $884,343
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $889,385
4.2%
Assets/Debt
Total Assets $249,303,258
Total Liabilities $27,948,727
Net Assets $221,354,531
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Norman Van Vactor (President/Ceo) $194,836 $0 $37,777
Paul Peyton (Seafood Investment Officer) $151,691 $0 $38,461
Helen Smeaton (Chief Operating Officer) $103,018 $515 $33,601
Staci Fieser (Chief Financial Officer) $95,905 $0 $21,916
Chris Napoli (Chief Administrative Officer) $87,099 $0 $24,158
H Robin Samuelsen Jr (Chairman Of The Board) $54,541 $916 $5,656
Hattie Albecker (Secretary Of The Board) $22,750 $750 $0
Robert Heyano (Treasurer Of The Board) $19,250 $750 $0
Moses Kritz (Board Member) $17,250 $750 $0
Victor Seybert (Board Member) $15,000 $1,000 $0
Gerda Kosbruk (Board Member) $14,000 $3,000 $0
Fred T Angasan Sr (Vice Chairman Of The Board) $12,500 $1,000 $0
Mark Angasan (Board Member) $12,000 $0 $0
Moses Toyukak Sr (Board Member) $10,500 $0 $0
Margie Aloysius (Board Member) $8,000 $0 $0
Fritz Sharp (Board Member) $8,000 $2,000 $0
Betty Gardiner Wassily (Board Member) $7,500 $0 $0
Mary Ann Johnson (Board Member) $7,250 $2,250 $0
Kenneth Jensen (Board Member) $6,750 $1,250 $0
Richard Alto (Board Member) $5,000 $0 $0
Patrick Patterson Jr (Board Member) $5,000 $2,000 $0
Cindy Gabel (Board Member) $3,000 $500 $0
Ida Apokedak (Board Member) $2,000 $0 $0
Raymond Apokedak (Board Member) $2,000 $0 $0
Everett Thompson (Board Member) $1,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,855,221
Expenses
$13,967,306
Net Income
$19,887,915
Net Assets
$214,841,199
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,500
0.0%
Program Services $18,354,716
54.2%
Investment Income $14,429,151
42.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $474,355
1.4%
Net Inventory Sales $0
Other Revenue $588,499
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $711,844
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $827,253
5.9%
Assets/Debt
Total Assets $223,637,197
Total Liabilities $8,795,998
Net Assets $214,841,199

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,108,075
Expenses
$13,082,535
Net Income
$24,025,540
Net Assets
$192,251,984
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,000
0.0%
Program Services $19,122,826
51.5%
Investment Income $15,992,260
43.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,461,217
3.9%
Net Inventory Sales $0
Other Revenue $523,772
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $660,020
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $811,713
6.2%
Assets/Debt
Total Assets $200,690,449
Total Liabilities $8,438,465
Net Assets $192,251,984

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,637,323
Expenses
$8,888,945
Net Income
$20,748,378
Net Assets
$169,499,768
Notable Sources of Revenue Percent of Total Revenue
Contributions $68,000
0.2%
Program Services $16,486,855
55.6%
Investment Income $12,617,071
42.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $293,160
1.0%
Net Inventory Sales $0
Other Revenue $172,237
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $615,619
6.9%
Professional Fundraising Fees $0
Other Salaries and Wages $778,635
8.8%
Assets/Debt
Total Assets $181,723,948
Total Liabilities $12,224,180
Net Assets $169,499,768

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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