Bristol Bay Economic Development Corp
Bristol Bay Economic Development Corporation (BBEDC) is a 501(c)(4) civic league and social welfare organization based in Dillingham, Alaska. Founded in 1992 and tax-exempt since July 1993, BBEDC operates as a regional economic development entity serving member communities in the Bristol Bay area. The organization employs 35 staff members and maintains its headquarters at 411 First Avenue East, Dillingham, AK 99576.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$395.0M
+2.7% YoY
Annual Giving
$9.1M
-22.1% YoY
Grant Count
36
-12.2% YoY
Avg Grant Size
$254K
-11.3% YoY
Mission & Focus Areas
Mission Statement: "It is the purpose of the Bristol Bay Economic Development Corporation to promote economic growth and opportunities for residents of its member communities through sustainable use of the Bering Sea resources."
BBEDC's primary focus areas include:
- Economic Development (designated NTEE code S30)
- Education
- Human Services
- Health Care
- Fishing Operations and Regional Development
- Community Programs and Employment Training
Grantmaking
BBEDC provides funding through multiple program areas:
Ready to take the next step with Bristol Bay Economic Development Corp?
Geographic Focus
Where this funder awards grants
BBEDC operates throughout the Bristol Bay region of Alaska, with a specific focus on member communities in the area. The organization serves resident commercial fishers and communities across Bristol Bay.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2023:
| Metric | Amount |
|---|---|
| Total Assets | $394,959,006 |
| Total Revenue | $20,020,774 |
| Total Expenses | $21,652,256 |
| Total Giving | $11,370,579 |
Historical Context:
- 2023 Revenue: $20M
- 2023 Expenses: $21.7M
- Total Liabilities (2023): $3.3M
Note: BBEDC reported conflict of interest transactions in its December 2023 tax filing, which are documented on Schedule L of the Form 990.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $394,959,006 | $384,600,359 | $398,869,133 |
| Revenue | $20,020,774 | $47,038,939 | $73,071,666 |
| Expenses | $21,652,256 | $22,392,468 | $37,467,010 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $10,006,134 | $3,395,589 | $8,235,644 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2023
Grant Size Distribution
155 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Principal Officer:
- Michael Link
Board Governors (as of most recent filing):
- Fred Angasan
- Hattie Albecker
- Robert Heyano
- Robin Samuelsen
Key Executive:
- Chris Napoli, Chief Administrative Officer
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL LINK | EXECUTIVE DIRECTOR | — | $268,672 |
| JOHN CHRISTENSEN | BOARD MEMBER | 0.9 | $500 |
| LOUIE ALAKAYAK SR | BOARD MEMBER | 1.44 | $4,000 |
| HATTIE ALBECKER | SECRETARY | 6.12 | $14,917 |
| FRED T ANGASAN SR | BOARD MEMBER | 1.98 | $7,500 |
| PETER ANGASAN SR | BOARD MEMBER | 1.98 | $5,500 |
| JIMMY COOPCHIAK | BOARD MEMBER | 0.9 | $9,666 |
| BETTY GARDINER | BOARD MEMBER | 1.62 | $6,500 |
| ROBERT HEYANO | TREASURER | 4.14 | $11,917 |
| GUSTY ILUTSIK JR | BOARD MEMBER | 1.44 | $6,250 |
| MARYANN JOHNSON | BOARD MEMBER | 3.42 | $12,500 |
| RICHARD KING | BOARD MEMBER | 1.8 | $5,000 |
| GERDA KOSBRUK | CHAIR BEG NOV 2023 | 6.48 | $18,750 |
| H ROBIN SAMUELSEN JR | CHAIR THRU NOV 2023 | 13.5 | $47,083 |
| VICTOR SEYBERT | BOARD MEMBER | 5.94 | $13,750 |
| FRITZ SHARP | BOARD MEMBER | 1.8 | $9,750 |
| ALEXANDER TALLEKPALEK | BOARD MEMBER | 1.8 | $6,500 |
| WILLIAM YOST | BOARD MEMBER | 0.36 | $1,000 |
| ERIN PETERS | BOARD MEMBER | 1.44 | $4,000 |
| TEODORO PAUK | BOARD MEMBER | 1.8 | — |
| CLIFFORD TUBBS | FINANCE OFFICER | 40 | $154,852 |
| CHRISTOPHER NAPOLI | CAO | 40 | $149,557 |
| STACI FIESER | CFO | 40 | $172,472 |
| ALICE RUBY | PROGRAM DIRECTOR | 40 | $124,464 |
Recent News & Activity
Recent developments and announcements
BBEDC has announced strategic partnerships to strengthen regional economic development:
**Silver Bay Seafoods Partnership:** BBEDC partnered with Silver Bay Seafoods to strengthen the Alaska seafood industry.
Silver Bay Seafoods and Bristol Bay Economic Development Corporation Announce Partnership**Business Competition Support:** BBEDC congratulated awardees of the Path to Prosperity Business Competition, supporting small business development in the Bristol Bay region.
Bristol Bay Development Fund Congratulates Path to Prosperity Business Competition**Wetlands Mapping Initiative:** Bristol Bay Native Corporation (a related entity) received funding to advance wetlands mapping for improved regional habitat management in Bristol Bay.
Bristol Bay Development Fund Congratulates Path to Prosperity Business CompetitionRelated Funders
Similar funders by location and focus area
Mat-Su Crime Stoppers Inc
PALMER, AK
Assets
$123K
Grants
0
Total Given
—
Nea Alaska Inc
JUNEAU, AK
Assets
$21.2M
Grants
6
Total Given
$83K
Peter Van Wyck Charitable Trust
ANCHORAGE, AK
Assets
—
Grants
8
Total Given
$85K
Valdez Lodge No 2537
VALDEZ, AK
Assets
$372K
Grants
1
Total Given
$8K
Kuskokwim Educational Foundation
ANCHORAGE, AK
Assets
$74K
Grants
47
Total Given
$73K
The Children's Place
WASILLA, AK
Assets
$4.7M
Grants
1
Total Given
$16K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Bristol Bay Economic Development Corp on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities