Coastal Villages Region Fund

What Coastal Villages Region Fund does

Coastal Villages Region Fund (CVRF) is a private, non-profit Community Development Quota (CDQ) organization founded in 1999 and headquartered in Anchorage, Alaska, with a secondary operations hub in Seattle. It was established under the federal CDQ program, which allocates a statutorily fixed share of Bering Sea Aleutian Islands (BSAI) pollock, crab, cod, halibut, and sablefish to qualifying Western Alaska community entities. CVRF operates on behalf of 20 member communities spanning roughly 30,000 square miles of western Alaskan coastline and over 9,300 residents, with a board composed of democratically elected representatives from each community. CDQ allocations are tied to community residency and cannot be transferred outside the member villages.

CVRF's commercial engine is a vertically integrated Bering Sea fishing operation: it owns and operates a fleet of vessels — including the Northern Hawk (catcher/processor for pollock), Lilli Ann, Flicka, North Sea, and Arctic Sea — that harvest pollock, crab, and cod for sale into global seafood markets. The company supplements this with the Coastal Alaska Premier Seafoods joint venture (formed 2022 with NSEDC and Japan's Maruha Nichiro) for shoreside pollock processing, and it acquired a Seattle marina/office property from United States Seafoods in January 2023 to harden its maritime infrastructure footprint. Revenue is reinvested into community programs rather than returned to external shareholders.

CVRF delivers a portfolio of community service programs through 20 Community Service Centers: the People Propel® program (a 30% subsidy up to $25,000 per resident for equipment, housing, vehicles, and gear, which has driven over $50M in powersports purchases and $42M+ in total equipment value across 5,000+ residents); pathway programs including Youth to Work / YTWM Maritime (in partnership with AVTEC), the Ciuneq youth educational pathway, the Louis Bunyan Memorial Scholarship (up to $4,000/semester), and an Internship Program; and community essentials such as Pollock Provides (heating oil, elder support, designated fund grants) and Mechanic/Welder Services. The organization also acquired All Seasons Honda, a Homer-based dealership, in May 2023 to vertically extend equipment subsidy distribution.

Name

Coastal Villages Region Fund

Legal name

Coastal Villages Region Fund

Website

https://coastalvillages.org

Company type

Private

Founded year

1999

Operating status

Operating

Short description

Coastal Villages Region Fund (CVRF) is a non-profit Community Development Quota organization that owns and operates Bering Sea pollock, crab, and cod vessels to generate revenue for community programs serving over 9,300 residents across 20 Western Alaska villages.

Ownership category

akta.pro rank

Product category

Community Development Services

NAICS

Finfish Fishing (114111), Shellfish Fishing (114112), Agriculture, Forestry, Fishing and Hunting (11)

SIC

Fishing, Hunting And Trapping (900), Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Oceans, Coastal & Marine Resource Management (BPADALAI)

akta.pro secondary industries

Marine & Freshwater Conservation (BPAGAGAE), Coastal & Marine Resources Administration (Oceans, Fisheries, Shorelines) (BPAIAMAI)

Keywords

• Commercial fishing operations
• Community development programs
• Bering Sea seafood harvesting
• CDQ quota management
• Rural Alaska community services

Headquarters

HQ city

Anchorage

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Bering Sea Seafood Sales: CVRF earns money through harvesting and selling pollock, crab, and cod from the Bering Sea via its owned and operated vessels. Revenue is reinvested into community development programs, vessel investments, and quota expansion to maximize long-term earnings.
2. CDQ Program: Through the Community Development Quota (CDQ) program, CVRF receives allocations of Bering Sea fishery resources that generate income through fishing operations and quota management.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Coastal Villages Region Fund (CVRF) is a private non-profit community development organization that owns and operates a fleet of Bering Sea commercial fishing vessels (Northern Hawk, Lilli Ann, Flicka, North Sea, Arctic Sea) harvesting pollock, crab, and cod. Revenue from these fisheries is reinvested into community programs and services for 9,300+ residents across 20 member villages in Western Alaska, including equipment and housing subsidies (People Propel), youth employment (Youth to Work), scholarships, internships, elder support, and mechanic/welder services.

Product overview

Coastal Villages Region Fund (CVRF) is a Community Development Quota (CDQ) organization offering a unified portfolio of community service programs rather than a traditional software product. The core offerings include People Propel® (equipment and housing subsidy program), Youth to Work/YTM Maritime (youth employment), Ciuneq (educational pathway), Louis Bunyan Memorial Scholarship, Internship Program, Pollock Provides (community essentials), and Mechanic/Welder services. These programs are delivered through Community Service Centers in 20 member villages and supported by a member portal (workfishhope.coastalvillages.org). CVRF also operates commercial fisheries (pollock, cod, crab) through vessels including Northern Hawk, Lilli Ann, Flicka, North Sea, and Arctic Sea.

Differentiator

Problem solved

Functional benefit

Brands

• People Propel®: A resident assistance program providing 30% subsidy toward equipment, appliances, housing, and fishing gear for verified CVRF community residents.
• Louis Bunyan Memorial Scholarship
• Youth to Work
• Ciuneq
• Pollock Provides
• M/W Services (Mechanic/Welder Services)

Products and services

• People Propel Program Resident assistance program providing a 30% down payment subsidy (capped at $25,000 per person) toward essential equipment, vehicles, tools, housing, and items critical to daily life in rural Alaska, including boats, motors, ATVs, snow machines, kitchen appliances, generators, and building materials for verified CVRF community residents.
• Youth to Work Program Summer employment program for youth ages 14-19 in CVRF communities providing first work experience, community service projects, job shadowing, and cultural skill development through traditionally inspired crafts and tools. Includes the Youth to Work Maritime track for rising high school seniors offering AVTEC nautical skills training.
• Ciuneq Program Yup'ik word meaning 'pathway to the future', this youth educational pathway program recruits top-performing high school students for educational and career exploration across grades 9-12, including trips to universities, trade schools, maritime industry exposure, and US government and financial system education.
• Louis Bunyan Memorial Scholarship Scholarship fund established in 1993 providing financial assistance for CVRF residents pursuing higher education or certificate programs, with awards up to $4,000 per semester based on GPA, covering tuition, room and board, books, and required fees.
• Internship Program Professional development internship platform providing career coaching, meaningful work assignments, and learning experiences for interns across CVRF member villages, Seattle, and Dutch Harbor.
• Pollock Provides Program Community essentials program providing heating oil distribution, elder support (heating oil and meat distribution), designated fund grants to local organizations, and funeral/burial assistance for region residents.
• Mechanic/Welder Services In-region shop services providing repairs, maintenance, and custom-built parts for residents' equipment including boats, stoves, and machines, supported by Service Writers who diagnose problems and communicate estimates.
• Community Service Centers Multi-use facilities located in all 20 member communities offering meeting room rental, shop space rental, shop services, internet access, and information about CVRF programs.
• Workfishhope Member Portal Online portal for CVRF residents to verify residency, apply for the People Propel Program, access scholarship information, and manage benefit applications.
• Bering Sea Commercial Fishing Operations Vertically integrated fishing operations owning and operating vessels (Northern Hawk, Lilli Ann, Flicka, North Sea, Arctic Sea) that harvest pollock, crab, and cod in the Bering Sea, processed and sold on the global market to generate revenue for community programs.

Quantifiable outcome

• Over $50M in powersports purchases through People Propel program
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered minor and core.

• All Seasons HondaminorOthers · 25 May 2023CVRF acquired Homer-based All Seasons Honda, expanding dealership presence to support equipment sales and service in the region.
• United States SeafoodsminorOthers · 5 January 2023CVRF acquired Seattle marina and office property from United States Seafoods, expanding maritime infrastructure footprint in Seattle.
• Maruha NichirocoreStrategic or Co-development Partner · 1 February 2022CVRF partnered with NSEDC and Maruha Nichiro to expand Alaska's shoreside pollock business. Maruha Nichiro is a major Japanese seafood company providing processing and market expertise for pollock operations.
• American HondacoreStrategic or Co-development Partner · 23 February 2021CVRF partnered with American Honda to open first-ever authorized service centers, enabling mechanic/welder training with Honda technicians and facilitating parts/supply access for rural Alaska communities.
• NSEDC (Norton Sound Economic Development Corporation)coreStrategic or Co-development Partner · 7 January 2021CVRF and NSEDC joined together as CDQ groups to buy out crab industry pioneers, marking a new phase in CDQ groups' development and expanding Western Alaska participation in the crab fishery.
• Seattle Non-Profit and Maritime AcademycoreStrategic or Co-development Partner · 11 October 2018CDQ group partnered with Seattle non-profit and Maritime Academy to chart maritime career paths for young Alaskans, providing training and career development opportunities.
• AVTEC (Alaska Vocational and Technical College)coreImplementation/ SI/ Consulting PartnerYouth to Work Maritime program partners with AVTEC in Seward, Alaska to provide Introduction to Nautical Skills courses and Basic Training certification for rising high school seniors.

Scale indicators15 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat4 records

Customer concentration

• Xtwitter.com/coastalvillages?lang=en
• YouTubeyoutube.com/user/coastalvillages1
• Facebookfacebook.com/CoastalVillagesRegionFund
• LinkedInlinkedin.com/company/88895
• Instagraminstagram.com/coastalvillages

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries8 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 Coastal Villages Region Fund