Bering Sea Crab Cooperative
- Assets
- $501.3k
- Revenue
- $97.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Carson, WA
- Founding
- 05/2007
- Data as of
- 12/2023
- EIN
- 20-3468991
Organization Overview
Bering Sea Crab Cooperative is located in Carson, WA. The organization was established in 2007. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bering Sea Crab Cooperative 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 Crab Cooperative generated $97.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $45.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BERING SEA CRAB COOPERATIVE (TBSCC) REQUIRES MEMBERS TO REPORT THEIR CATCH ON A CONTEMPORANEOUS BASIS. TBSCC MONITORS THE MEMBERS' CATCH TO DETERMINE THAT THE CATCH COMPLIES WITH THE COOPERATIVE IFQ PERMIT. TBSCC ASSISTS MEMBERS WITH COMPLYING WITH THEIR INDIVIDUAL IFQ COMPLIANCE ISSUES.THIS BENEFITS THE MEMBERS BY HAVING TBSCC PROCESS THE PAPERWORK FOR COMPLIANCE. THE NMFS ALSO BENEFITS BECAUSE TBSCC MONITORS COMPLIANCE WHICH REDUCES THE NMFS'S PAPERWORK AND COMPLIANCE EFFORTS.TBSCC MONITORS TRANSFERS OF QUOTA SHARES AMONG MEMBERS. THIS BENEFITS MEMBERS AND THE NMFS IN THAT TBSCC IS ABLE TO PROVIDE CURRENT MEMBERSHIP AND IFQ OWNERSHIP DATA.TBSCC COMPUTES AND DISTRIBUTES FUNDS TO MEMBERS, SO THAT EACH MEMBER RECEIVES THE SAME AMOUNT PER POUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Heuker Vice President | OfficerTrustee | 5 | $0 |
Gary Painter Secretary/treas | OfficerTrustee | 5 | $0 |
Sig Hansen Director | Trustee | 1 | $0 |
Nathan Stone Alternate Direc | Trustee | 1 | $0 |
Sean Dwyer Director | Trustee | 1 | $0 |
Ted Painter Alternate Direc | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $96,963 |
| Investment income | $6 |
| 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 | $96,969 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $38,332 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,023 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $45,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $501,695 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$937 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $568 |
| Total assets | $501,326 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $427,475 |
| 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 | $427,475 |
| 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 | $73,851 |
| Total liabilities and net assets/fund balances | $501,326 |