EIN 92-0156736

Coastal Villages Region Fund (CVRF)

IRS 501(c) type
501(c)(4)
Num. employees
1,039
State
Year formed
1992
Most recent tax filings
2022-12-01
Description
Coastal Villages Region Fund's strategic mission is to provide the means for the development of its communities by creating sensible, tangible, and long-term opportunities that generate hope for all people who wanted to fish and work.
Total revenues
$59,440,562
2022
Total expenses
$55,114,532
2022
Total assets
$312,663,565
2022
Num. employees
1,039
2022

Program areas at CVRF

Program cost of 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).
People propel (program #7): - the people propel program was created to meet the demand of the 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%.
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.
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, but activities transacted in 2019 include ongoing depreciation, insurance, and maintenance of the facilities. 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 .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.designated Fund - this Fund is intended to help cvrf governing bodies with community and economic projects that are consistent with the cdq program and that might not otherwise be able to happen. The designated Fund program funds are allocated among cvrf's 20 member Villages based on the following formula: 30% of the funds are provided as a base amount equally divided among cvrf's 20 member Villages; and 70% of the funds are allotted based on each cvrf member village'Villages's population.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. 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.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.

Grants made by CVRF

GranteeGrant descriptionAmount
Bering Sea Fishermens AssociationCommunity Development$27,000
Alaska School Activities Association (ASAA)Community Development$22,808
SeaShareCommunity Development$14,644
...and 1 more grant made

Who funds Coastal Villages Region Fund (CVRF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
LeeSarVarious Needs for Medical Center$2,500

Personnel at CVRF

NameTitleCompensation
Deakin EricChief Executive Officer / Chief Operations Officer$503,222
Tsukada RyuichiChief Operations Officer / Chief Operating Officer$219,844
Michelle DrewChief Financial Officer
Clark JeremyChief Engineer$160,889
Coleman MichaelBering Sea Operations General Manager / Bearing Sea Operations General Manager$361,109
...and 30 more key personnel

Financials for CVRF

RevenuesFYE 12/2022
Total grants, contributions, etc.$498,576
Program services$5,669,986
Investment income and dividends$147,732
Tax-exempt bond proceeds$0
Royalty revenue$5,128,972
Net rental income$113,072
Net gain from sale of non-inventory assets$167,721
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$44,181,650
Miscellaneous revenues$3,532,853
Total revenues$59,440,562

Form 990s for CVRF

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-08990View PDF
2021-122022-11-11990View PDF
2020-122021-11-08990View PDF
2019-122021-06-08990View PDF
2018-122019-12-11990View PDF
...and 9 more Form 990s
Data update history
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 20, 2024
Updated personnel
Identified 6 new personnel
December 30, 2023
Used new vendors
Identified 3 new vendors, including , , and
September 27, 2023
Received grants
Identified 1 new grant, including a grant for $2,500 from LeeSar
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Social advocacy organizationsBusiness and community development organizationsCharities
Issues
Community improvement
Characteristics
Receives government fundingProvides scholarshipsTax deductible donations
General information
Address
711 H St 200
Anchorage, AK 99501
Metro area
Anchorage, AK
Website URL
coastalvillages.org/ 
Phone
(907) 278-5151
Facebook page
CoastalVillagesRegionFund 
Twitter profile
@coastalvillages 
IRS details
EIN
92-0156736
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1992
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
NAICS code, primary
813312: Environment, Conservation, and Wildlife Organizations
Parent/child status
Independent
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