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Sitka Salmon Sustainers

Overview

Sitka Salmon Sustainers are new, multi-year Community Supported Fishery shares that we’re offering to our current CSF members.

The inspiration for this program comes from two interrelated places. First, as we’ve grown, we’ve realized that staying true to our underlying values of economic justice, transparency, and sustainability requires us to steer clear of institutional private equity and venture capital that could compromise our mission and our values. To date, all of our financing has come from our members, our fishermen, a few non-profit and values-based funds/foundations, local, community banks, and one restaurateur (who really loves us!). We think this is the right way to move forward as a company and the best way to create wealth for all of our stakeholders: our members, our fishermen, our fish, our communities, and our employees. Second, we ran a smaller version of this program in Wisconsin this spring to help us open our new facility at the historic Garver Feed Mill. It was quite successful and we want to expand it!

The proceeds received from these multi-year CSF shares will be accounted for as unrestricted cash and be directed towards general operations, largely to provide operating capital for various projects that the company undertakes related to building a transparent and sustainable supply chain. (In case you’re wondering, our next big capital project is an ice delivery system for our fleet!). If you’re planning to remain a member of our Community Supported Fishery for years to come, we’d love for you to take part to ensure your Community Supported Fishery thrives in our communities.

How Sitka Salmon Sustainers Memberships Work

The Sitka Salmon Sustainers is a CSF member that sets up a prepaid account of either $5,000 or $10,000 with the company, each with a set of perks and discounts. This prepaid account can be used to purchase anything Sitka Salmon Shares sells, from holiday boxes and merchandise to CSF memberships and fish by the pound. We have two levels of membership: the Sockeye Salmon level and the King Salmon level.

Sockeye Salmon Sustainer

The $5,000 Membership

Those setting up accounts with $5,000 are entitled to 5% off anything purchased with their prepaid accounts. This discount is on top of any discount the company is currently offering. These memberships also include:

  • Sustainers-only sales featuring fish only available in very limited quantities.
  • Sitka Salmon Shares Sustainer swag for you and the family.
  • Free tickets to selected local Sitka Salmon Shares events at local dining establishments.
  • Annual free “Sitka Sustainers Box” of seafood. This will be a sustainers-only CSF delivery that contains prized, limited-quantity fish or shellfish.
  • Other fun (and delicious) surprises.

King Salmon sustainer

The $10,000 Membership

Those setting up accounts with $10,000 are entitled to 10% off anything purchased with their prepaid accounts. This discount is on top of any discount the company is currently offering. These memberships also include:

  • Sustainers-only sales featuring fish only available in very limited quantities.
  • Sitka Salmon Shares Sustainer swag for you and the family.
  • Free tickets to selected local Sitka Salmon Shares events at local dining establishments.
  • Annual free “Sitka Sustainers Box” of seafood. This will be a sustainers-only CSF delivery that contains prized, limited quantity fish or shellfish.
  • An annual random drawing for an all-expenses paid trip for 2 to Sitka, Alaska, to meet our fishermen, see our operations, and, of course, dine on the best wild seafood on the planet. Since we expect our group of King Sustainers to be relatively small, the possibility you will be selected is quite high.
  • Other fun (and delicious) surprises.
If you’re planning to remain a member of our Community Supported Fishery for years to come, we’d love for you to take part to ensure your Community Supported Fishery thrives in our communities.

The Nuts and Bolts and Fine Print

The Discount and Use

For all of these prepaid accounts, these discounts can be used in conjunction with any other discount Sitka Salmon Shares offers. The prepaid account discount will be applied after other discounts. Use of this pre-paid account may begin as soon as its set up. It cannot be used retroactively, however.

Using Your Prepaid Account

You will be able to use your prepaid account by placing orders through email at Salmon Support at salmonsupport@sitkasalmonshares.com or calling 309 342 3474. If, in the future, we are able to automate this process and allow online ordering, we will notify you. Salmon Support will mail you a Statement of Account in the January of every year.

The Deadline for Sign-Up: November 1, 2019.

How Do I Sign Up?

It's as easy as filling out our Sustainers form linked below (which allows us to customize your experience) and then submitting your deposit via an invoice, which we will issue to you.

Please click on the link provided above to enroll as a Sustainer.

I Want to Know More

Please email our President and CEO, Nic Mink, at nic@sitkasalmonshares.com.

Refunds

Refunds on any unused balance of your pre-paid account will be issued within 30 days of request. For a refund, please email salmonsupport@sitkasalmonshares.com. If it is deemed in the best interest of the Company, the Company may also elect to refund your pre-paid account at any time.

Transfers

Have a child or a friend who you’d like to spoil? Your Prepaid accounts are fully-transferrable. To transfer, please email salmonsupport@sitkasalmonshares.com

Payment Plans

We are happy to set-up flexible payment plans for Sustainer memberships. To arrange, please email Donavon, our CSF Director: donavon@sitkasalmonshares.com.

Alternative Sustainer Shares

Interested in participating in a different sort of Sustainer membership? We're all otoliths (fish ears)! Feel free to offer alternative deposits at two or more times standard CSF value. We're happy to arrange a pro-rated set of discounts and perks. Email Donavon, our CSF Director, to arrange: donavon@sitkasalmonshares.com.

Have more questions? we have answers! SEE faqs below

Stay wild!

- The Sitka Sustainers Team: Nic, Donavon, Kim, Sean, and Salmon Support

If you have any trouble filling out the Sustainers form, with this webpage, or other technical difficulties, please email our Communications Coordinator, Sean, at sean@sitkasalmonshares.com.

FAQs

Is this in place of buying a share package or in addition to?

We envision that you sign up for the Sustainer membership, say, with the $5,000 Sockeye Sustainer, and then use that to purchase a share, which would then give you an additional 5%. You would also get the 5% for seasonal sales and anything else we offer for purchase, except another Sustainer membership. This would be 10%, of course, for the $10,000 King Sustainer level.

Is this a one-time investiture or do you anticipate this being an ongoing source of funding?

Right now, we are planning to offer these to our members once a year. For each member, we would anticipate them doing this only once, until their money was gone, but assuming this program works well, we could imagine ourselves offering a renew option in the future.

What is the duration of the membership? Is it a specific time period, i.e., one year/season?

There is no time limit to these memberships. Take as long as you need to spend your account. We had assumed that the $5,000 would take 3-5 years to use.

Given that you are describing it as a pre-paid account, that suggests to me that the entire $5,000 is available to me until it is depleted, but I don't want to assume anything. Is this the case?

That is correct. Once you put the $5,000 in, it's yours to use until it’s depleted. If you ever feel like you need the money back, refunds are available in 30 days.

Would it be possible to share a membership? For example, could we share our membership with one of our children? I'm not speaking of gifting them their own membership, but rather both our households being able to order from the same prepaid account. I understand we would have to monitor our own half-use of the membership if sharing it is possible.

Yes, we are happy to set up an account that you share, or, that multiple people can use.

Are Sustainer accounts only for share enrollments?

No, This balance can be used towards one time shipments, seasonal sale offers, Farmers Market fish by the pound, and company events as well.

Have another question? Please reach out to nic@sitkasalmonshares.com

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Sitka Salmon Shares CSF
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