Taxability of 2011 SAFE Distributions & SABT Benefits

We once again are pleased to report that beneficiaries (shareholders) will NOT have to pay federal income tax on distributions received from the Shee Atiká Fund Endowment (SAFE) in 2011.  You will not be receiving any forms from us and there is nothing to report on your 2011 federal income tax return.  SAFE has more than enough accumulated taxable income to cover the amount distributed, making distributions non-taxable at the individual level.

Shee Atika Benefits Trust (SABT) scholarship and funeral benefits are non-taxable based on the information we have presently.  You will not be receiving any form from us and there is nothing to report on your 2011 federal income tax return, unless Shee Atiká advises you otherwise.

Please feel free to call or email me or our Controller, Ptarmica McConnell with any questions (or have your tax preparer call).  The tax issues regarding whether distributions are taxable relate to the Section 646 election for ANCSA settlement trusts that we made several years ago for both SAFE and SABT.  This mechanism is too complex to go into here, but we would be happy to provide additional information upon request.

Sincerely,

Dr. Kenneth Cameron

President  & CEO and

Chairman of the Board

Each year Shee Atiká’s shareholders elect three directors at the annual meeting of shareholders.  The 2012 Annual Meeting will be held May 24, 2012 at the Sheet’ka Kwaán Naa Kahídi (Community House) in Sitka.  Shareholders who are interested in running for the Board on Shee Atiká’s corporate proxy will need to submit an application and related paperwork to the Board by January 20, 2012.   It is not enough to just submit a resume and/or a letter of interest.

The Application packet for shareholders who wish to appear on Shee Atiká’s corporate proxy as candidates for election to the Board is now available for download by accessing the following links:

Letter to Shareholders

Application in pdf

Application in Word

The Application packet includes instructions.   The Application packet can also be obtained by contacting Lauren Estes at Shee Atiká’s corporate office either in person, by telephone (907 747 3534) or by email (lauren@sheeatika.com).

The completed application and all related paperwork must be received in the corporate office no later than 5:00 pm Sitka time on January 20, 2012 and should be submitted to:

Loretta Ness, Corporate Secretary

Shee Atiká, Inc.

315 Lincoln St., Suite 300

Sitka, AK  99835

Or by Fax: (907) 747-5727

Or by Email: info@sheeatika.com

If you have any questions please contact Lauren Estes in the corporate office.

Shee Atiká Management, LLC seeks experienced Food & Beverage (F&B) Manager for the Dock Shack Café in Sitka, Alaska.  The F&B Manager coordinates, directs and manages the staff and everyday restaurant operations to achieve profitability and efficiency while maintaining standards set by Shee Atiká, Inc.  The F&B Manager reports to the Hotel General Manager and is also responsible for assuring optimum performance and continual improvement in the restaurant’s customer service, employee performance and morale, sales/marketing, and property appearance.  Shee Atiká is an equal opportunity employer, with preference given to qualified Shee Atiká shareholders in accordance with applicable law.  Competitive benefits.  Salary DOE.  Shee Atiká requires that candidates pass a background check.  Cover letter and résumé to:  Controller, Shee Atiká, Incorporated, 315 Lincoln St., Ste. 300, Sitka, AK 99835, or e-mail to ptarmica@sheeatika.com.  Closing date: December 31, 2011 or until filled.

Shee Atiká Management, LLC seeks experienced Hotel General Manager (GM) for the Shee Atiká Totem Square Inn in Sitka, Alaska.  The GM coordinates, directs and manages the staff and everyday hotel operations to achieve profitability and efficiency while maintaining standards set by Shee Atiká, Inc.  The GM is also responsible for assuring optimum performance and continual improvement in hotel guest service, employee performance and morale, and property appearance.  Additionally, the GM is responsible for marketing the hotel and restaurant to achieve maximum exposure and sales.  Shee Atiká is an equal opportunity employer, with preference given to qualified Shee Atiká shareholders in accordance with applicable law.  Competitive benefits.  Salary DOE.  Shee Atiká requires that candidates pass a background check.  Cover letter and résumé to:  Controller, Shee Atiká, Incorporated, 315 Lincoln St., Ste. 300, Sitka, AK 99835, or e-mail to ptarmica@sheeatika.com.  Closing date: December 31, 2011 or until filled.

Requirements/Specifications

1. Dimensions-The box must be made of wood (preferably cedar) and have the following dimensions:  12” x 12” x 13”
2. Ballot Slot-The top of the box must have a slot for dropping ballots in.  It should have the following dimensions:  6”to 8” long and 1” wide
3. Design-The ballot box must either be a traditional Bentwood box or have the look of a traditional Bentwood box.  It must have the capability of being locked.  The ballot box must have Alaska Native designs painted or carved on all four sides and the top.  The artist must explain in his or her written submission the story behind the design and whether necessary permissions were granted to use said design(s).   Preference will be given to designs that are original to the proposer.
4. Logo-The Shee Atiká logo must be incorporated into the design of the proxy box on either the front side or the top.
5. Background-The artist must submit written information on his/her background, training, and experience along with the design proposal.
6. Estimated Cost-The artist must include a statement of estimated cost and how the artist arrived at the cost.   The statement must also include a proposal of terms for payment, that is, how much is to be paid when.  All proposals must reflect that at least 50% of the total cost will be paid upon delivery of the final, finished piece.

If you are interested in being a part of the Job Bank, please complete an application and return it with copies of current certificates/licenses to the Corporate Office by mail, email, fax, or by dropping it off.

Shee Atiká, Incorporated
Attn:  Job Bank
315 Lincoln Street, Suite 300
Sitka, AK  99835
(907) 747-3534             phone
(800) 478-3534              toll-free
(907) 747-5727              fax
info@sheeatika.com email

Download Application here.

The Iphone and Android phone app “My Southeast Alaska” will be launching in mid-May and will be free for tourists to download to their smartphone.  The app will provide detailed information about the local businesses, restaurants, shops and tourist activities in each of the major ports and cities in Southeast Alaska.

Business owners will be able to register online and fully control all of their content which is displayed within the app for a minimal annual fee.

SheeAtiká is excited about the upcoming release and looks forward to the growing partnerships within Southeast Alaska and is currently exploring the possibility of expanding the app state wide.

Joshua Horan, Harold “Bunny” Donnelly, Jr., and Shirley Yocum

Joshua Horan (31), 415 Hollywood Way, Sitka, AK 99835.  Josh works at Horan and Company, LLC, as a real estate appraiser.  He has been on the Board since 2010.  Prior to joining the Board of Directors, Josh was a member of the Scholarship Committee of the Shee Atiká Benefits Trust (SABT) for several years.   Josh is the son of Charles and Christine (Gutierrez) Horan.

Candidate Statement: “I am proudly serving as a director of Shee Atiká and I am asking that you vote to return me to the Board of Directors.  My Tlingit name is Yoowaak’ Eesh.  I am a Raven from the T’akdeintaan (Sea Pigeon) clan, Snail House. My grandparents are Rocky and Betty Lou Gutierrez.  My great great grandfather William Hollywood was Kiks’adi, and my great great grandmother Natalia Dalton was T’akdeintaan.  Their daughter Louise Hollywood Elliott was my great grandmother.  The future of our corporation and all our shareholders matters to me a great deal and I find being a steward of our shareholders’ resources challenging and satisfying.  As a recipient of Shee Atiká scholarships and as a member of the SABT Scholarship Committee, I have seen first hand how empowering Shee Atiká’s resources are for our shareholders. This empowerment leads to an increase in quality of life that is thrilling to witness and enriches not only our shareholders but also the communities in which they live.  As a member of the Shee Atiká Board I will work to ensure that those resources continue to remain available for our ever-expanding shareholder base.   Thank you for your support.”

Shirley Yocum adds this about Josh:
“Josh has been doing very well and catching up as fast as he can.  He works with the rest of the Board very well and will be a great addition to the Board with the help of our shareholders.”

Harold (“Bunny”) Donnelly, Jr. (74), 205 Cedar Beach Road, Sitka, AK  99835.  Bunny is retired from the United States Forest Service and has served on the Board since 1996.  He has served previously as the corporate Treasurer and also as the corporate Secretary.

Candidate Statement: “I am Harold Donnelly, Jr., although many of you know me as Bunny Donnelly.  I am an Eagle from the Kogwanton clan.  My house is the Bear House, and my Tlingit name is Skowish – Bearclaw.   My parents are Florence Donnelly (Eagle) and the late Harold L. Donnelly, Sr. (Raven).  I am asking for your support to reelect me to the Board of Directors.  I would like to continue as a Board member so that I can work to increase our permanent fund, which is the Shee Atiká Fund Endowment (SAFE).  This will allow us to increase the SAFE distributions over time as we build up the permanent fund.  I also feel that my experience as a former Forest Service employee will be very helpful as the Board works to maximize value for Cube Cove.  Thank you.”

Shirley Yocum (73), 825 Charles Street, Sitka, AK 99835.   Shirley is retired and has worked at various organizations in Sitka, including the American Legion and ANB.  She has been on the Board since 1989.

Candidate Statement: “My name is Shirley I. Yocum.  I am Athabascan.  I did not live at home long enough to receive an Athabascan name.  My father James Bruce is Kutchin from Old Crow, Canada. His people are dependent on moose, caribou, bear, goat and sheep. My mother is Elsie N. Huntington James.  She is Koyukuk from Hughes. They are hunters, fishermen, and gatherers.  I have two children, Mitch Widick and Jensen Yocum.  Jensen has two children George and Elsie.  His wife is Amanda Baggen.  I have spent most of my life in Sitka.  I went to Mt. Edgecumbe School of Practical Nursing program and spent 25 years as an LPN.  My other experiences are in the areas of planning, TERO for Sitka Tribe of Alaska and as a Bar Manager for the American Legion. I joined ANS Camp 4 in 1987. As I ask for your support this year, Shee Atiká has accomplished much for the shareholders in the past 20 years.  I have been fortunate to serve as your director during this time.  I look forward to the next three years.  We still have to look to the future to ensure our grandchildren and future shareholders have better access to funding for education. We need to protect our culture and heritage.  We have to protect the scholarship funding and that of the distributions.  Please re-elect me to the board. Thank You, Shirley.”

PLEASE VOTE FOR JOSH, BUNNY AND SHIRLEY!

IMPORTANT REMINDER: The latest version of the scholarship & cultural and heritage applications are dated September, 2011. Please make sure you utilize the correct application. You can download a current application from our website at www.sheeatika.com.  Be sure to download and return a W-9 form (required with each application, and include your latest transcript). Call Lillian if you have any questions.

(907) 747-3534 - Sitka

(800) 478-3534 - Toll Free - Alaska/Hawaii/Lower 48