Alaska Bering Sea Crabbers

“Lance Farr and Kevin Kaldestad are family members.Jay Bowlden and Gretar Gudmundsson are business partners.”

“The Association has two classes of members - regular members with voting rights, and associate members with no voting rights.”

“During the fiscal year ended June 30, 2020 there were no committees with authority to act on behalf of the governing body.”

“The board members receive a copy of the Form 990 for review before filing.”

“Disclosure is made on at least an annual basis via email or other appropriate correspondence between the Association and Covered Officials (described below). Disclosure is shared with the Association's Board of Directors, which may take such further action it deems appropriate. In addition, any relationship or circumstance that is created or arises in the interim is disclosed to the Board President and Executive Director as soon as possible.Covered officials include the board of directors, officers and key employees.Once a conflict of interest arises, in addition to disclosure, the person with the conflict should use their best judgment as to whether and to what extent they should recuse themselves from deliberations, voting, decision-making, and other participation with respect to the matter at issue, and whether they should resign from an office or position. In making this determination, the best interests of the Association should be the sole criteria. The Board of Directors may require full or limited recusal or other measures, including resignation from an Association office or position.”

“The board reviews and compares similar pay grades in other organizations as a baseline for compensation decisions relative to performance.”

“Governing documents, policies and financial statements are available upon request.”

“Client Note 1 - Statement Regarding Associate Member Dues__________________________________________Total Associate Member Dues $15,750Salaries and Wages - Directly Connected (1,101)Payroll Taxes (76) Communications (16)Office Supplies (9)Depreciation (2)Rent (100)Member Event (7,281) -------- Net Income(Loss) - Associate Member Dues 7,165 _______ _______”