Afognak Native Corporation

What Afognak Native Corporation does

Afognak Native Corporation is an Alaska Native Corporation (ANC) formed under the 1971 Alaska Native Claims Settlement Act (ANCSA) through the 1977 merger of two Alaska Native village corporations, Natives of Afognak, Inc. and Port Lions Native Corporation. It is headquartered in Kodiak, Alaska, with additional offices in Anchorage and Port Lions, and operates as a private, shareholder-owned holding company serving more than 1,000 Alaska Native shareholders and their descendants. The corporation's purpose is to provide a perpetual source of land use and shared financial and cultural wealth through social, cultural, and economic benefit programs.

The corporation generates revenue primarily through a portfolio of wholly-owned operating subsidiaries — Alutiiq, LLC, Afognak Commercial Group, LLC, Alutiiq Professional Consulting, LLC, and Alutiiq Career Ventures — that deliver professional services and federal government contracting, including a $50 million NASA contract at Armstrong and Ames Research Centers secured in 2023. It also holds and manages two trust vehicles: the ANC Shareholder Settlement Trust (SST, valued at $23.9M as of December 2013 with a $200M growth target) and the Afognak Benefits Trust (ABT), which administers scholarship programs (Career Enhancement, Higher Education, Youth Enhancement), Elder Benefits ($500/month for shareholders 65+), burial assistance (up to $2,500), and shareholder development programs. Dividends have been paid biannually since 1989, with historical distributions of approximately $10.3M (2013), $12.8M (2012), and an annual $12.2M average from 2007-2011.

The business model does not involve selling commercial products or services to external customers; rather, Afognak captures economic value through government and commercial contracting via subsidiaries, then distributes benefits to shareholders through trust structures and direct programs administered through the my.Afognak.com shareholder portal. The corporation also contributes $50,000 annually to the Native Village of Afognak Tribe and partners with tribal entities on community infrastructure (e.g., the Port Lions ferry dock and boat harbor initiative). Dividend amounts and benefit levels are set annually by the Board of Directors, and the enterprise operates under Alutiiq cultural values codified as corporate philosophy.

Name

Afognak Native Corporation

Legal name

Afognak Native Corporation

Website

https://afognak.com

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Afognak Native Corporation is an Alaska Native Corporation headquartered in Kodiak, Alaska, that operates federal contracting and professional services subsidiaries to deliver economic, educational, and cultural benefits to more than 1,000 Alaska Native shareholders under the 1971 ANCSA framework.

Ownership category

akta.pro rank

Product category

Government Professional Services

NAICS

American Indian and Alaska Native Tribal Governments (921150), Management of Companies and Enterprises (55111), Trusts, Estates, and Agency Accounts (52592), Offices of Other Holding Companies (551112)

SIC

Services-Management Consulting Services (8742), Services-Membership Organizations (8600), Non-Operating Establishments (9995)

akta.pro primary industry

Strategic Partnerships, Alliances & JVs Advisory (BPAHADAI)

akta.pro secondary industries

Local Entity Setup & Expansion Advisory (Market Entry, Subsidiary Formation) (BPACAHAM), Stakeholder Engagement, Indigenous/Tribal Consultation & Social Impact (SIA) (EUAHAAAH)

Keywords

• Alaska Native Corporation
• Shareholder benefits
• Government professional services
• Subsidiary management services
• Community development programs

Headquarters

HQ city

Kodiak

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Infrastructure, Marketing or Sales

Core offering

Afognak Native Corporation is an Alaska Native Corporation formed under the 1971 Alaska Native Claims Settlement Act (ANCSA) that delivers social, cultural, and economic benefits to over 1,000 Alaska Native shareholders through biannual dividends, elder benefits, burial assistance, scholarship programs, and professional development programs. The corporation operates wholly-owned subsidiaries (Alutiiq LLC, Afognak Commercial Group LLC, Alutiiq Professional Consulting LLC, and Alutiiq Career Ventures) that deliver professional, technical, and administrative services to federal government clients, and manages two irrevocable trusts (ANC Shareholder Settlement Trust and Afognak Benefits Trust) that provide long-term economic benefits.

Product overview

Afognak Native Corporation is an Alaska Native Corporation formed under the 1971 Alaska Native Claims Settlement Act (ANCSA) that operates a portfolio of subsidiaries (Alutiiq LLC, Afognak Commercial Group LLC, Alutiiq Professional Consulting LLC, Alutiiq Career Ventures) and two trusts (ANC Shareholder Settlement Trust and Afognak Benefits Trust) to deliver economic and social benefits to over 1,000 Alaska Native shareholders. The corporation's product and service portfolio centers on shareholder benefit programs including scholarship programs (Career Enhancement Program, Higher Education Program, Youth Enhancement Program), financial benefits (biannual dividends, Elder Benefits, burial donation assistance), professional development programs (Ataku Manager, ANELP, Apprentice, College Internship, High School Internship, Future Leaders Summit), and a shareholder-owned business directory. Benefits are delivered through the my.Afognak.com shareholder portal.

Differentiator

Problem solved

Functional benefit

Brands

• ANC Shareholder Settlement Trust (SST): Trust for shareholder distributions and long-term benefits
• Afognak Benefits Trust (ABT)

Products and services

• Career Enhancement Program (CEP) Financial support program administered by the Afognak Benefits Trust (ABT) for voting ANC Shareholders who are Native, providing funding for career-enhancing events, trainings, and educational courses.
• Higher Education Program (HEP) Scholarship program recognizing and supporting voting Afognak Shareholders pursuing higher education in traditional universities, vocational education, or other educational programs, administered in Full-Time, Part-Time, and Vocational Education categories.
• Youth Enhancement Program (YEP) Scholarship program administered by the Afognak Benefits Trust (ABT) for voting ANC Shareholders to attend athletic, scholastic, cultural, and leadership trainings, camps, or events. Funding limited to $500 per calendar year per applicant.
• Biannual Dividends Biannual dividend payments to shareholders, with per-share amounts determined annually by the Board of Directors. Afognak has paid shareholder dividends consistently since 1989.
• Elder Benefits Monthly benefit of $500 provided to all original Afognak Shareholders age 65 and older, honoring Elders for their contributions to the Alutiiq people and community.
• Burial Donation Program Assistance program providing up to $2,500 to families of original Shareholders to help with funeral expenses.
• Ataku Manager Program Two-year, full-time program designed to provide Afognak Shareholders with skills and knowledge necessary to secure managerial-level positions within an Alaska Native Corporation or other business environment.
• Alaska Native Executive Leadership Program (ANELP) Two-year college program developed by Afognak to develop executive leadership skills in Alaska Native professionals, part of Alaska Pacific University's Master of Business Administration program.
• Apprentice Program Variable-length intensive on-the-job training program for motivated shareholders interested in pre-mid level positions within Afognak, Alutiiq LLC, or their subsidiaries.
• College Internship Program Two-month summer internship program for voting shareholders attending college with 12 or more credit hours. Interns receive full competitive wage and extensive training within a designated department.
• Alutiiq Career Ventures Subsidiary of Afognak that provides career and employment services. Partnered with PCI Productions on a $50M NASA technical and administrative support services contract at Armstrong and Ames Research Centers.
• Alutiiq Professional Consulting, LLC Wholly-owned subsidiary of Afognak Native Corporation providing professional consulting services.
• ANC Shareholder Settlement Trust (SST) Irrevocable trust created in 2006 for the benefit of shareholders. Goal to increase value to $200M with minimum annual tax-free distribution of $200/trust unit. Beneficiaries include all Afognak Shareholders.
• Afognak Benefits Trust (ABT) Trust that allots funding for various shareholder benefits including scholarships, training programs, Elder Benefits, and employment services.
• my.Afognak.com Shareholder Portal Online shareholder portal providing access to scholarship applications, shareholder information, and self-service benefits management.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core.

• PCI ProductionscoreStrategic or Co-development Partner · 1 July 2023PCI Productions secured a $50M NASA contract for technical and administrative services at Armstrong and Ames Research Centers. Alutiiq Career Ventures (a subsidiary of Afognak) works with PCI Productions and Media Fusion as subcontractors to perform business systems support for NASA directorates, programs and offices.
• Media FusioncoreStrategic or Co-development PartnerMedia Fusion is a subcontractor working with PCI Productions and Alutiiq Career Ventures on the NASA Armstrong and Ames Research Centers contract for technical and administrative services.
• City of Port LionscoreStrategic or Co-development PartnerAfognak partnered with the City of Port Lions and Native Village of Port Lions to pursue funding for a new ferry dock and improvements to the boat harbor. Recognizes importance of infrastructure and reliable transportation for sustainable economies.
• Native Village of Port LionscoreStrategic or Co-development PartnerPartnership with Native Village of Port Lions Traditional Tribal Council on multifaceted planning project to create jobs and empower local small business growth, building Tribally-owned enterprises for long-term sustainable profit to fund Tribal social service programs.
• Native Village of AfognakcoreStrategic or Co-development PartnerAfognak Native Corporation contributes $50,000 annually to the Native Village of Afognak Tribe, among other contributions, supporting tribal responsibilities and preserving Alutiiq culture.

Scale indicators12 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Chugach Alaska Corporation: Chugach Alaska Corporation is another Alaska Native Regional Corporation formed under ANCSA, operating federal contracting, facilities management, and oil & gas services subsidiaries with comparable shareholder benefit and trust structures to Afognak.
• Bristol Bay Native Corporation: Bristol Bay Native Corporation is a large ANC operating government services, construction, and shared services subsidiaries through operating arms, providing dividends and benefits to shareholders under the same ANCSA framework as Afognak.
• Arctic Slope Regional Corporation: Arctic Slope Regional Corporation is one of the largest Alaska Native Regional Corporations, with extensive federal contracting, energy, and government services subsidiaries operating under the same ANCSA structure serving shareholder benefit objectives similar to Afognak.

Peers

• Calista Corporation:

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/afognak-native-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Afognak Native Corporation