The parent company of BPS is
APICDA, (Aleutian Pribilof Islands Community Development Association) a 501 (c) (3) non-profit corporation incorporated in the State of Alaska. APICDA's charitable purpose is to develop stable local economies in its member communities, of which False Pass is one.
APICDA’s membership is composed of the Fishermen’s Associations from each community. Any resident of an APICDA community is eligible to join the local fishermen’s association. On a rotating two year schedule, the membership of each fishermen’s association elects an individual to serve as a member of the APICDA foundation. The foundation members then elect themselves to serve as members of the APICDA Board of Directors.2
APICDA was formed when the Community Development Quota (CDQ) program was developed by the North Pacific Fishery Management Council in 1991 and went into effect in December, 1992. The intent of the program was, and remains, to provide economically disadvantaged communities in western Alaska with the opportunity to generate capital with which they could develop stable local economies based upon the fishing industry.3