Cape Cod Commericial Fishermens Alliance Inc
- Assets
- $9.1m
- Revenue
- $1.9m
- Investments
- $165.0k
- Employees
- 10
- Location
- Chatham, MA
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 04-3138784
Organization Overview
Cape Cod Commericial Fishermens Alliance Inc is located in Chatham, MA. The organization was established in 1997. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2022, Cape Cod Commericial Fishermens Alliance Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Cod Commericial Fishermens Alliance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Cape Cod Commericial Fishermens Alliance Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN A SUSTAINABLE, SMALL-BOAT, LOCAL FISHING FLEET BY PROVIDING ECONOMIC SUPPORT, OPPORTUNITIES TO CREATE BETTER PUBLIC POLICIES, AND ADVOCACY TO PROTECT AND RESTORE THE OCEAN ENVIRONMENT AND FISHING STOCKS.
Describe the Organization's Program Activity:
POLICY/CAMPAIGN: BUILD COALITIONS AMONG COMMERCIAL FISHERMEN, ENVIRONMENTAL GROUPS, AND CONCERNED CITIZENS TO INFLUENCE STATE AND FEDERAL OFFICIALS TO CREATE FRAMEWORKS THAT PROTECT NATURAL AND PUBLIC RESOURCES WHILE RESPECTING THE INDUSTRY.
FISHERIES RESEARCH AND EDUCATING THE PUBLIC ON SUSTAINABILITY OF THE FISHERIES AND OTHER FISHERIES ISSUES.
CAPE COD FISHERIES TRUST: A PROGRAM THAT OWNS AND MANAGES FISHING QUOTA, HOLDING THOSE ASSETS IN COMMUNITY TRUST TO ASSURE THAT LOCAL FISHERMEN HAVE THE OPPORTUNITY TO CONTINUE WORKING. THE TRUST LEASES PURCHASED QUOTA, AT REDUCED RATES, TO QUALIFIED FISHERMEN WHO PARTICIPATE IN A PROCESS THAT WORKS TO ENSURE ACCOUNTABILITY, LOCAL CONTROL AND SUSTAINABLE PRACTICES.
GB COD FIXED GEAR SECTOR: THESE EXPENSES REPRESENT CONTRACTED OBLIGATIONS TO THE GB COD FIXED GEAR SECTOR, WHICH MANAGES THE LOCAL FLEET'S ALLOCATIONS BY SPECIES, REPORTS LANDINGS TO FEDERAL FISHERIES REGULATORS, AND ASSISTS FISHERMEN IN BUYING, SELLING, AND TRADING THEIR PERMITTED QUOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Hesse Chair | OfficerTrustee | 2 | $0 |
Brian Sherin Vice Chair | OfficerTrustee | 2 | $0 |
Gwen A Holden Kelly Treasurer | OfficerTrustee | 2 | $0 |
Kurt Martin Clerk | OfficerTrustee | 2 | $0 |
Greg Connors Director | Trustee | 1 | $0 |
Tim Linnell Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Teem Fish Monitoring Inc Data Review | 12/30/20 | $519,019 |
Great Eastern Seafood Fish Processing | 12/30/20 | $147,852 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $464,445 |
| All other contributions, gifts, grants, and similar amounts not included above | $839,641 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,304,086 |
| Total Program Service Revenue | $358,031 |
| Investment income | $12,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $90,964 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $124,030 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,889,489 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $747,078 |
| Pension plan accruals and contributions | $29,736 |
| Other employee benefits | $103,033 |
| Payroll taxes | $58,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $332,826 |
| Advertising and promotion | $39,058 |
| Office expenses | $31,293 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,843 |
| Travel | $7,592 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,408 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,670 |
| Insurance | $15,975 |
| All other expenses | $0 |
| Total functional expenses | $1,534,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,405,650 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $265,912 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $185,882 |
| Inventories for sale or use | $22,082 |
| Prepaid expenses and deferred charges | $16,408 |
| Net Land, buildings, and equipment | $1,050,207 |
| Investments—publicly traded securities | $1,412,395 |
| Investments—other securities | $165,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,590,249 |
| Total assets | $9,113,785 |
| Accounts payable and accrued expenses | $36,451 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $989,161 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,025,612 |
| Net assets without donor restrictions | $7,693,858 |
| Net assets with donor restrictions | $394,315 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,113,785 |