Bering Sea Fisheries Research Foundation
- Assets
- $1.0m
- Revenue
- $890.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Bothell, WA
- Founding
- 04/2007
- Data as of
- 12/2023
- EIN
- 20-1055264
Organization Overview
Bering Sea Fisheries Research Foundation is located in Bothell, WA. The organization was established in 2007. According to its NTEE Classification (D05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bering Sea Fisheries Research Foundation 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 12/2023, Bering Sea Fisheries Research Foundation generated $890.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. 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
TO AID, ENCOURAGE, PROMOTE, AND SUPPORT SCIENTIFIC RESEARCH AND EDUCATION REGARDING THE SHELLFISH AND ANCILLARY FISHERIES OF THE NORTH PACIFIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION (BSFRF) ACTIVITIES DURING 2023 WERE FOCUSED ON ONE PRIMARY FIELD PROJECT AND ACQUIRING SMART TAGS FOR A SECONDARY CRAB-TAGGING PROJECT IN PARTNERSHIP WITH NOAA. THE PRIMARY FIELD PROJECT OCCURRED IN MARCH-APRIL 2023 IN COLLABORATION WITH BOTH NOAA FISHERIES AND THE ALASKA DEPARTMENT OF FISH AND GAME (ADFG). THE FOUNDATION CHARTERED TWO FISHING VESSELS (THE FV SUMMER BAY AND THE FV SILVER SPRAY) TO COMPLETE A WINTER-SPRING RED KING CRAB POT SURVEY IN BRISTOL BAY AK. THE PROJECT WAS THE FIRST IN A SEQUENCE OF COLLABORATIVE POT SAMPLING (CPS1) PROJECTS THAT FOCUSED A SEASONAL DISTRIBUTION SURVEY OF BRISTOL BAY RED KING CRAB IN THE LATE WINTER. THE PROJECT PLACED SUBCONTRACTORS FROM BSFRF ALONG WITH PERSONNEL FROM NOAA AND ADF&G ONBOARD THE CHARTERS AS SCIENTIFIC PARTIES TO COMPLETE THE RESEARCH. THE PROJECT ADDRESSED A PRIMARY RESEARCH PRIORITY OF COLLECTING MORE INFORMATION ON THE WINTER-SPRING DISTRIBUTION OF RED KING CRAB IN BRISTOL BAY TO REVIEW THE EFFICACY OF CURRENT SPATIAL CONSERVATION MEASURES.
THE FOUNDATION PURCHASED APPROXIMATELY $195,000 OF SMART-TECHNOLOGY TAGS TO BE SHARED WITH NOAA SCIENTISTS FOR PLACEMENT ON BRISTOL BAY RED KING CRAB DURING THE BERING SEA NOAA SUMMER SURVEY (JUN- AUG, 2023). THESE TAGS WERE PURCHASED FROM WILDLIFE COMPUTERS BY BSFRF, AND SHIPPED TO NOAA KODIAK SCIENTISTS PRIOR TO THE NMFS SURVEY. THE PLACEMENT OF THE TAGS OCCURRED SUCCESSFULLY DURING THE NOAA SURVEY. THIS PROJECT WAS ALSO A HIGH PRIORITY RESEARCH ITEM AND WAS PART OF ONGOING RESEARCH TO ADDRESS RED KING CRAB MOVEMENT AND SEASONAL DISTRIBUTION IN BRISTOL BAY.
THE BSFRF SCIENCE ADVISORY TEAM (SCIENCE TEAM) PARTICIPATED IN A NUMBER OF USUAL, OTHER ACTIVITIES DURING 2023 WHICH INCLUDED: THE JANUARY, MAY AND SEPTEMBER CRAB PLAN TEAM MEETINGS OF THE NORTH PACIFIC FISHERIES MANAGEMENT COUNCIL (NPFMC, IN SEATTLE AND AK), THE ALASKA MARINE SCIENCE SYMPOSIUM (AMSS, JANUARY IN ANCHORAGE), AND THE BERING SEA CRAB SCIENCE SYMPOSIUM (SEATTLE).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Wells President, Director | OfficerTrustee | 3 | $0 |
Edward Poulsen Vice President, Director | OfficerTrustee | 2 | $0 |
Frank Kelty Vice President, Director | OfficerTrustee | 2 | $0 |
Lenny Herzog Secretary, Director | OfficerTrustee | 2 | $0 |
Garry Loncon Treasurer, Director | OfficerTrustee | 2 | $0 |
Mark Casto Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wildlife Computers Survey Crab Tags | 12/30/23 | $194,290 |
Natural Resources Consultants Inc Research Consultant | 12/30/23 | $335,622 |
Summer Bay Llc Vessel Charter And Fuel | 12/30/23 | $298,656 |
Silver Spray Seafoods Llc Vessel Charter And Fuel | 12/30/23 | $336,835 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $776,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,946 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $871,146 |
| Total Program Service Revenue | $0 |
| Investment income | $19,763 |
| 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 | $890,909 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,326 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $540 |
| Fees for services: Accounting | $27,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $406,140 |
| Advertising and promotion | $0 |
| Office expenses | $1,053 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,855 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,950 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,429 |
| Insurance | $1,249 |
| All other expenses | $0 |
| Total functional expenses | $1,304,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,811 |
| Savings and temporary cash investments | $637,219 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $28,000 |
| Net Land, buildings, and equipment | $9,108 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,018,138 |
| Accounts payable and accrued expenses | $27,451 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,451 |
| Net assets without donor restrictions | $990,687 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,018,138 |
Grants Awarded
Over the last fiscal year, Bering Sea Fisheries Research Foundation has awarded $49,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
U OF WASHINGTON FOUNDATION PURPOSE: RESEARCH GRANTS | $32,000 |
U OF ALASKA FOUNDATION PURPOSE: RESEARCH GRANTS | $17,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bering Sea Fisheries Research Foundation Bothell, WA | $1,018,138 | $890,909 |
Wild Entrust International Sammamish, WA | $221,815 | $314,374 |
Raptor Research Foundation Inc Portland, OR | $648,021 | $356,719 |
Home Range Wildlife Research Winthrop, WA | $44,540 | $329,637 |
Friends Of Washoe Ellensburg, WA | $922,232 | $93,607 |
Darwins Ark Foundation Edmonds, WA | $78,773 | $0 |
Data For Indigenous Justice Anchorage, AK | $222,384 | $312,206 |
Kitizen Science Seattle, WA | $0 | $0 |
Orca Relief Citizens Alliance Friday Harbor, WA | $18,560 | $0 |
Kodiak Brown Bear Research And Habitat Maintenance Trust Kodiak, AK | $625,465 | $42,465 |
Orang Juga Seattle, WA | $120,189 | $0 |
Pulse Foundation Inc Moscow, ID | $54,684 | $4,500 |