Northeast Seafood Coalition Inc
- Assets
- $505.5k
- Revenue
- $192.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Gloucester, MA
- Founding
- 01/2003
- Data as of
- 06/2022
- EIN
- 04-3689991
Organization Overview
Northeast Seafood Coalition Inc is located in Gloucester, MA. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Seafood Coalition Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Northeast Seafood Coalition Inc generated $192.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $268.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE THE COMMERCIAL FISHING INDUSTRY BY WORKING WITH GOVERNMENT REGULATIONS AND ENVIRONMENTAL CONCERNS TO PRESERVE THE FISHERY RESOURCES, FISHING COMMUNITIES AND FISHING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FIND CREATIVE SOLUTIONS THAT WORK TO REBUILD FISH STOCKS WHILE PRESERVING SMALL FAMILY OWNED FISHING BUSINESSES, A DIVERSE GROUNDFISH FLEET, AND FISHING COMMUNITIES ACROSS THE NORTHEAST
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Odell Executive Director | Officer | 40 | $107,331 |
John Bell President/chairman | OfficerTrustee | 0.5 | $0 |
Angela Sanfilippo Clerk/director | OfficerTrustee | 0.25 | $0 |
Richard Canastra Treasurer/director | OfficerTrustee | 0.25 | $0 |
Vito Giacalone Director | Trustee | 2 | $0 |
Albert Cottone Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,321 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,321 |
| Total Program Service Revenue | $174,623 |
| Investment income | $552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $192,496 |
| 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. | $107,331 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,766 |
| Payroll taxes | $8,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,898 |
| Fees for services: Accounting | $2,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,292 |
| Advertising and promotion | $0 |
| Office expenses | $1,504 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,894 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $337 |
| Insurance | $2,259 |
| All other expenses | $750 |
| Total functional expenses | $268,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,194 |
| Savings and temporary cash investments | $271,359 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $172,657 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $505 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $750 |
| Total assets | $505,465 |
| Accounts payable and accrued expenses | $2,921 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $20,000 |
| Other liabilities | $0 |
| Total liabilities | $22,921 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $482,544 |
| Total liabilities and net assets/fund balances | $505,465 |
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