Coastal Villages Region Fund

Organization Overview

Coastal Villages Region Fund is located in Anchorage, AK. The organization was established in 1996. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2019, Coastal Villages Region Fund employed 1,357 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Coastal Villages Region Fund generated $54.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $52.1m during the year ending 12/2019. While expenses have increased by 12.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Coastal Villages Region Fund has awarded 111 individual grants totaling $5,644,088. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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).


INSHORE AND NEARSHORE PROGRAM (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.


OUTREACH PROGRAMS (PROGRAM #3):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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Unisea Inc
Crab Processing
$733,861
United States Seafoods Llc
Moorage And Offload
$547,671
Redlined Welding Construction
Vessel Construction
$526,055
Fusion Marine Technology Llc
Vessel Construction
$441,616
Owen Kvinge
Crab Vessel Captain
$423,289
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$3,070,417
Investment income $29,724
Tax Exempt Bond Proceeds $0
Royalties $2,566,238
Net Rental Income $275,892
Net Gain/Loss on Asset Sales -$221,216
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $48,540,244
Miscellaneous Revenue$0
Total Revenue $54,429,639

Grants Awarded

Over the last fiscal year, Coastal Villages Region Fund has awarded $433,023 in support to 18 organizations.

Grant RecipientAmount

CITY OF HOOPER BAY

PURPOSE: COMMUNITY DEVELOPMENT Community Development

$52,691

CITY OF CHEVAK

PURPOSE: Community Development & Youth Leadership Community Development

$44,534

NATIVE VILLAGE OF KWINHAGAK

PURPOSE: COMMUNITY DEVELOPMENT Community Development

$34,310

NUNAKAUYAK TRADITIONAL COUNCIL

PURPOSE: Community Development

$31,551

CITY OF SCAMMON BAY

PURPOSE: Community Development

$31,000

KIPNUK TRADITIONAL COUNCIL

PURPOSE: COMMUNITY DEVELOPMENT Community Development

$30,222
View Grant Profile

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