1971
Dec. 18, 1971.
ANCSA is passed.
1972
BSNC is formed.
BSNC is incorporated with 6,333 original shareholders.
1977
BSNC and the region’s villages have until 1977 to select land.
ANNUAL REVENUE: $17.6 million
1978
Chairman Ivanoff joins the BSNC Board of Directors.
He served as BSNC’s President from 1985 to 1989 and as BSNC’s Board Chair since 1989. He has the distinction of being the longest-serving Board member and Chairman in BSNC’s history.
1981
BSNC shareholders receive first dividend.
ANNUAL REVENUE: $1.6 million
1986
BSNC files for bankruptcy.
ANNUAL REVENUE: $666,478
1989
BSNC emerges from bankruptcy.
ANNUAL REVENUE: $1.8 million
The Board pivots their approach to business development, investing in solid ventures in Nome.
1993
BSNC subsidiary completes first 8(a) certified project, the Anvil Mountain Cleanup.
ANNUAL REVENUE: $3.4 million
1996
BSNC finalizes construction of the Aurora Inn & Suites.
ANNUAL REVENUE: $4.3 million
2000
Tim Towarak is named President & CEO of BSNC.
2003
ANNUAL REVENUE: $14.0 million
2009
Gail R. Schubert is named BSNC CEO.
ANNUAL REVENUE: $151.7 million
After 17 years with BSNC, Gail R. Schubert was named CEO in 2009. She became the corporation’s president the following year and serves in both roles today.
BSNC and six other organizations purchase Pilgrim Hot Springs from the Catholic Bishop of Northern Alaska.
2013
BSNC launches Summer Internship Program.
ANNUAL REVENUE: $242.6 million
BSNC provides paid internships to prepare tomorrow’s leaders for the workforce. Since 2013, there have been 63 interns.
2015
BSNC acquires AIH.
ANNUAL REVENUE: $304.4 million
2018
BSNC shareholders approve resolution to create BSNC Beringia Settlement Trust.
ANNUAL REVENUE: $415.2 million
The purpose of a settlement trust is to provide for the health, education, cultural preservation and economic welfare of Alaska Native people and descendants who are the beneficiaries of the settlement trust.
2020
The Bureau of Land Management transfers 2,000 acres of ANCSA land at Point Spencer, adjacent to Port Clarence, to BSNC.
ANNUAL REVENUE: $456.2 million
The lands and adjacent waters of Port Clarence have served as a port of refuge for people of the Bering Strait region for centuries, and the site holds important strategic geopolitical as well as historic ancestral and cultural significance.
2022
BSNC paid record-high dividends of $9.50 per share.
ANNUAL REVENUE: $543.1 million
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