Inter-Cooperative Exchange

Organization Overview

Inter-Cooperative Exchange is located in Bothell, WA. The organization was established in 2007. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, 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. Inter-Cooperative Exchange is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 06/2022, Inter-Cooperative Exchange generated $314.3k 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 (3.5%) each year. All expenses for the organization totaled $348.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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

SUCCESSFULLY MONITORED MARKET PRICES, PROVIDED REGULAR MARKET UPDATE TO MEMBERS, SUCCESSFULLY CONCLUDED PRICE NEGOTIATIONS WITH CRAB PROCESSING COMPANIES, REPRESENTED MEMBERS IN BINDING ARBITRATION FOR PRICE DISPUTES, RECEIVED AND ALLOCATED CRAB INDIVIDUAL FISHING QUOTA AMONG MEMBERS. ENGAGED IN MARKETING EFFORTS TO SUSTAIN TRADITIONAL MARKETS FOR CRAB AND CREATE NEW MARKETS.


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Board, Officers & Key Employees

Name (title)Compensation
Erling E Jacobsen
Executive Director
$154,106
Jennifer Vickstrom
Vice President
$0
Kris Deane
Secretary/treas
$0
Mark Henkle
President
$0
Mike Woodley
Director
$0
Oystein Lone
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Masende Llc
Mgmt & Consulting
$77,620
Sullivan & Richards Llp
Legal & Consulting
$174,097
View All Vendors

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$314,328
Investment income $0
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 $314,328

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