ABOUT CULLY CORPORATION
Established as an Alaskan Native Village Corporation, Cully Corporation was organized in 1971 under the Alaska Native Land Claims Settlement Act (ANSCA). Alaskan Native Corporations were created by ANCSA as the mechanism for distributing land and monetary benefits to Alaska Natives. With ANCSA’s passage, Alaska Natives relinquished their land claims for the return promise of the establishment of Alaskan Native Corporations, which are state-chartered for-profit corporations, with the ability and resources to advance the real economic and social needs of Alaska Natives.
Under ANCSA, an Alaskan Native Corporation is considered to be owned and controlled by Alaska Natives and to be a minority and economically disadvantaged business enterprise as long as the stock that is held by Natives and their descendants represents a majority of both the total equity of the corporation and the total voting power of the corporation for electing directors.
CULLY CORPORATION’S VISION STATEMENT
To achieve success by leveraging corporate assets to become a prosperous and diversified company that benefits shareholders by providing employment, education opportunities and regular dividends. This achievement will be based on strict financial control, taking advantage of grants and loans and thinking globally.
CULLY CORPORATION’S MISSION STATEMENT
Cully is a Native village corporation dedicated to providing a diversified field of professional services under its construction and service companies. The corporation will continue to manage its land and investments for the overall well-being of its shareholders by respecting its Iñupiat heritage.
“Every Iñupiaq is responsible to all other Iñupiaq for the survival of our cultural spirit, and the values and traditions through which we survive.”
CULLY CORPORATION’S VALUES STATEMENT
Cully Corporation Board of Directors, management, staff and companies will conduct all business activities by abiding by the following Iñupiat values: • Respective of the tribe • Respect for elders and others • Respect for nature, animals, property and land • Keep the land clean • No waste of resources • Practice honesty and cooperation • Pass down spirituality and respect to children
It is believed that Cully can be a growth-oriented company with long-term financial success while respecting cultural values. Professionalism and Iñupiat values are compatible.
THE PEOPLE AND POINT LAY, ALASKA
Early inhabitants of the Point Lay area hunted and fished along the Chukchi Sea coast and the local river systems. These small groups gradually congregated in the Point Lay area. In the late 1920s a trading post was established and, as the population continued to grow, a school building was constructed in 1930. The original name of the community was Kali. The village was initially located on a barrier island and then on the banks of the Kokolik River before finally moving to its current location. The village of Point Lay, whose population is 88% Iñupiat Eskimo–is located on a low coastal bluff on the Chukchi Sea coast. Kasegaluk Lagoon protects the community from the open ocean. Located152 miles southwest of Barrow, Point Lay is part of the North Slope Borough and is one of the eight villages in the Borough. Cully, or Kali (the Iñupiat name for the village,) means “mound” and refers to the elevated mound on which it stands. Point Lay lies within close proximity of the Northern Alaska Coal Province, which is believed to contain one-ninth of the world’s known coal reserves, and one-third of the U.S. reserves. Point Lay is also nearest to the Outer Continental Shelf (OCS) leases which are set to begin exploring for oil.The residents traditionally hunt beluga, seal, walrus, caribou and fish. Recently village residents, after over 70 years, were able to celebrate a successful harvest of a Bowhead whale. The whaling crew, led by Julius Rexford, shared the spoils with the community–as is traditionally done in Eskimo Culture.