Latest News

CEO Letter to Shareholders

Posted on Mar 27, 2017 in Shareholder News & Info

Fellow shareholders: I am pleased to report to you on the financial affairs of Shee Atiká, Incorporated (SAI) and related entities for 2016.  I am proud to say I am an original SAI shareholder and I am particularly pleased to report that in 2016 we were able to show audited net income of about $1.2 million.  This is a significant improvement from our 2015 financial results and is one of which all of your SAI team is very proud. I have been your President/CEO now for over seven years.  When I was hired in March, 2010, SAI faced a serious...

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TAXABILITY OF 2016 SAI EDUCATIONAL AND FUNERAL BENEFITS AND SAFE DISTRIBUTIONS

Posted on Feb 2, 2017 in Shareholder News & Info

Shee Atiká Fund Endowment (SAFE) Distributions A portion of the SAFE Distributions paid out to you in 2016 will be taxable.  This means that you will have to report this portion on your 2016 federal income tax return.  Whether or not you actually have to pay tax on this portion will depend on your own specific circumstances – most of our shareholders will not have to pay any tax on this portion.  You WILL be receiving a Form 1099-DIV from Shee Atiká regarding the taxable portion of SAFE’s distributions. Shee Atiká Incorporated...

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STA’s Constitution and Shee Atiká’s Lands

Posted on Feb 2, 2017 in Board News

Most shareholders do not realize that Article II of the Constitution of the Sitka Tribe of Alaska (“STA”) (http://www.sitkatribe.org/documents/STAConstitution.pdf) expressly claims that STA has “jurisdiction” over Shee Atiká’s ANCSA lands, as follows: “The jurisdiction of the Sitka Tribe of Alaska shall extend to * * * all customary and traditional use and access areas in the vicinity of Baranof Island, Chichagof and surrounding islands, and all * * * lands owned by Sealaska, Inc. or Shee-Atika, Inc. located therein (the Native...

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Social Media Clarification

Posted on Feb 2, 2017 in Other News

We have had a number of inquiries regarding a shareholder Facebook page because of the outlandish misstatements that are being posted to the page. Does Shee Atiká, Incorporated have an official Facebook page? Shee Atiká does NOT have a Facebook page.  Shee Atiká does not make posts on Facebook.  Furthermore, your company historically does not address company issues in the public out of respect to all shareholders. The Facebook page that you are seeing appears to be created by the same group from last year with the same political...

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Independent Auditor’s Report

Posted on Jan 31, 2017 in Board News, Featured News

Independent Auditor’s Report

Shee Atiká’s independent auditors are with the firm, Peterson Sullivan LLP.  They have one office located in Seattle and were named the 2014 CPA Firm of the Year by the Washington Society of CPAs and a finalist in the Puget Sound Business Journal’s 2015 Best Places to Work.  They provide audit and other accounting services to a wide variety of clients, including three Alaska Native Corporations organized under the Alaska Native Claims Settlement Act of 1971 (ANCSA). Peterson Sullivan LLP’s audits are designed to identify risks of...

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Open Invitation

Posted on Jan 31, 2017 in Other News

Dear Shareholders, Please note that Shee Atiká is a private company and has not discussed company issues in public historically.  We do, however, welcome your comments. Shee Atiká has a long history of having an open door policy for shareholders. The Independent group continues to claim that Shee Atiká does not have an open door policy in an effort to keep you from learning the truth about your corporation. If you have any concerns you would like to discuss, please reach out to us to schedule an appointment. Sincerely, Kenneth...

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Scholarship Application Deadline

Posted on Jan 31, 2017 in Shareholder News & Info

The 2017 Scholarship Deadline is Friday, March 10, 2017 at 5pm, Sitka time. Please note this is the only scholarship application deadline for the year.  Shareholders seeking an academic, vocational, or cultural & heritage scholarship for the 2017/2018 academic year should apply before the deadline.  Your application must be complete in order to be considered by the Scholarship Committee. You can download the applications  by clicking here. You can also contact the office for a form or to ask questions about the application...

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Letter to Shareholders

Posted on Jan 16, 2017 in Board News

January 13, 2017 Dear Shareholders: As you may recall, Shee Atiká Incorporated’s mission is to “preserve and enhance our culture for all generations of shareholders, and to provide benefits to shareholders consistently and on an equitable basis.” Always with our mission in mind, the Shee Atiká Board reviewed the financials in preparation for receiving the proceeds from the sale of Cube Cove land to the US Forest Service.  This past Fall Shee Atiká received $4 million of the $18.3 million sales price for 2 parcels of Cube...

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Restated Bylaws

Posted on Jan 9, 2017 in Other News, Uncategorized

The most recent Bylaws can be downloaded here.

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Fall 2016 SAFE Distribution Declared

Posted on Nov 19, 2016 in Shareholder News & Info

The Shee Atiká Fund Endowment Board of Trustees is pleased to announce a fall distribution!  At its regular meeting on November 18th, the Board of Trustees declared the distribution for shareholders of record on November 21, 2016.  Eligible shareholders will receive $5.00/unit (share) to be mailed from Sitka on Friday, December 16, 2016.  Those shareholders who have direct deposit will receive their funds on Tuesday, December 6, 2016. You MUST have a current address to receive direct deposit.  Please call today and verify that your...

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