Coastal Villages Region Fund

“SEE SCHEDULE L.”

“Cvrf has 20 member communities as identified in section 305(i)(1)(d)(iv) of the magnuson-stevens fishery conservation and management act.”

“There is one board member from each of the 20 communities. When communities' elected official's 6-year term is ending, the communities' city or tribal council holds an election at least 10 days prior to the annual meeting or as soon as reasonably possible following an unplanned board departure.”

“The form 990 is prepared by baker tilly and reviewed by the chief financial officer and the controller. The chief financial officer will approve and sign the final form 990.”

“Upon hire, or election, all employees and board members are provided a copy of the conflict of interest policy statement. New board members are provided an on-boarding orientation that clearly highlights the policy. Annually, the board completes a written conflict of interest renewal statement, as well as related party/nepotism statements. Forms submitted are reviewed by the executive staff and board secretary and any conflicts disclosed at that time would be communicated to the board chair for resolution. Periodically, throughout the year, the board members are reminded of conflict of interest via verbal communications during board meetings relative to various agenda items. Given the cultural and geographic makeup of our board and resident population, it is very rare to have financial or other investment conflicts; however it is very common to have related party transactions or family participation in employment, compensation and bonuses. These conflicts are disclosed verbally during the meetings and annually through the related party statements. Generally, the board chairman, with the advice of management and/or legal counsel, as necessary, decides whether or not the conflict is sufficient to preclude the member from discussion, deliberation, or voting. If the conflict is deemed material or self-service the board member is excluded.”

“Annually, the executive committee of the board of directors completes a performance evaluation for the executive director. Additionally, an independent third party performs a compensation analysis for the executive director on a periodic basis to ensure that pay is reasonable and in line with market conditions. The compensation analysis, as well as the executive director's overall performance, is reviewed by the executive committee. Deliberation of and decisions regarding the executive director's performance and compensation are recorded in the board minutes. This process was last completed in 2024. Annually, self evaluations are conducted and then an evaluation is prepared by the employee's manager. An independent third party performs a compensation analysis for all executive staff, including all officers, on a periodic basis to ensure that pay is reasonable and in line with market conditions. The compensation analysis is reviewed by the executive committee of the board of directors. Review of the compensation analysis is recorded contemporaneously in the board minutes. Compensation for executive staff is approved by the employee's manager. This process was last completed in 2024.”

“Financial statements are made available to the public through the company's annual report, which is posted on the organization's website. Governing documents and conflict of interest policy are provided to each of our 20 community support centers and provided to the public in that community upon request.”

“Investment income -1,521,963. Coastal villages enterprises, inc. Beginning net assets -539,383.”