Atlantic Salmon Federation Inc
- Assets
- $22.6m
- Revenue
- $10.3m
- Investments
- $7.8m
- Employees
- 6
- Location
- Calais, ME
- Founding
- 10/1968
- Data as of
- 09/2023
- EIN
- 13-2618801
Organization Overview
Atlantic Salmon Federation Inc is located in Calais, ME. The organization was established in 1968. According to its NTEE Classification (D33) the organization is classified as: Fisheries Resources, under the broad grouping of Animal-Related and related organizations. As of 09/2023, Atlantic Salmon Federation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlantic Salmon Federation 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 09/2023, Atlantic Salmon Federation Inc generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $8.6m during the year ending 09/2023. While expenses have increased by 14.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SCIENTIFIC RESEARCH AND OTHER WILD ATLANTIC SALMON CONSERVATION ACTIVITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSERVATION - UNDERTAKE INFORMATIONAL ACTIVITIES TO FOSTER UNDERSTANDING OF WILD ATLANTIC SALMON POPULATIONS AND IMPEDIMENTS TO THEIR SURVIVAL.
SCIENTIFIC RESEARCH - UNDERTAKE INVESTIGATIVE RESEARCH TO DETERMINE WILD ATLANTIC SALMON POPULATIONS AND IDENTIFY SOLUTIONS TO REMEDY SAME.
EDUCATION - INFORM THE PUBLIC OF THE RESULTS OF THE FEDERATION'S STUDIES AND RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Taylor President & CEO | OfficerTrustee | 40 | $77,438 |
Per Arneberg Director (end 3/2023) | Trustee | 0.5 | $0 |
Jonathan Berger Director | Trustee | 0.5 | $0 |
Robert Bonczek Director | Trustee | 0.5 | $0 |
Christopher Buckley Director | Trustee | 0.5 | $0 |
William Bullock III Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Linkel Construction And Cosmic Stone Construction And Maintenance | 9/29/23 | $211,180 |
He Callahan Construction Co Construction And Maintenance | 9/29/23 | $1,149,323 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $34,148 |
| Fundraising events | $619,323 |
| Related organizations | $0 |
| Government grants | $4,242,893 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,595,048 |
| Noncash contributions included in lines 1a–1f | $179,247 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,491,412 |
| Total Program Service Revenue | $291,502 |
| Investment income | $440,817 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$38,855 |
| Net Income from Fundraising Events | $120,948 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,301,297 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,100 |
| 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 | $465,007 |
| Pension plan accruals and contributions | $15,187 |
| Other employee benefits | $62,936 |
| Payroll taxes | $32,183 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,975 |
| Fees for services: Accounting | $11,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $192,500 |
| Fees for services: Investment Management | $102,372 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $39,975 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,925 |
| Travel | $69,545 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,716 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,265 |
| Insurance | $2,734 |
| All other expenses | $0 |
| Total functional expenses | $8,551,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,124,680 |
| Savings and temporary cash investments | $929,010 |
| Pledges and grants receivable | $1,691,300 |
| Accounts receivable, net | $848,291 |
| 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 | $94,372 |
| Net Land, buildings, and equipment | $195,273 |
| Investments—publicly traded securities | $9,951,841 |
| Investments—other securities | $7,783,616 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,618,383 |
| Accounts payable and accrued expenses | $862,271 |
| Grants payable | $0 |
| Deferred revenue | $371,500 |
| 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 | $0 |
| Other liabilities | $870,233 |
| Total liabilities | $2,104,004 |
| Net assets without donor restrictions | $11,087,024 |
| Net assets with donor restrictions | $9,427,355 |
| 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 | $22,618,383 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlantic Salmon Federation Inc Calais, ME | $22,618,383 | $10,301,297 |
Downeast Institute For Applied Marine Research And Education Inc Beals Island, ME | $6,435,897 | $2,697,975 |
Downeast Salmon Federation Columbia Falls, ME | $5,972,156 | $2,129,209 |
Maine Coast Community Sector Brunswick, ME | $279,059 | $1,299,298 |
Project Share Cherryfield, ME | $52,137 | $414,180 |
Xi Northeast Fishery Sector Inc Portsmouth, NH | $342,855 | $0 |
Trout Unlimited Littleton, NH | $79,137 | $0 |
Powwow Pond Council Inc Kingston, NH | $16,094 | $0 |
Northeast Coastal Communities Sector Stonington, ME | $56,383 | $0 |