Go3eta Inc
- Assets
- $899.2k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Salt Lake City, UT
- Founding
- 01/2008
- Data as of
- 12/2021
- EIN
- 26-0583558
Organization Overview
Go3eta Inc is located in Salt Lake City, UT. The organization was established in 2008. 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. As of 12/2021, Go3eta Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Go3eta 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 12/2021, Go3eta Inc generated $2.5m 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 (9.2%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.3%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GOED REPRESENTS THE WORLDWIDE EPA AND DHA OMEGA-3 INDUSTRY, AND OUR MEMBERSHIP IS BUILT ON A QUALITY STANDARD UNPARALLELED IN THE MARKET. OUR MISSION IS TO INCREASE CONSUMPTION OF EPA AND DHA OMEGA-3S, REGARDLESS OF THE SOURCE, AND ENSURE THAT OUR MEMBERS PRODUCE QUALITY PRODUCTS THAT CONSUMERS CAN TRUST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RESEARCH, DEVELOP, AND EDUCATE CONSUMERS ABOUT OMEGA-3 LONG CHAIN POLYUNSATURATED FATTY ACIDS (OMEGA-3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen J Schutt Executive Di | 40 | $184,715 | |
Jorge Brahm Chariman | OfficerTrustee | 1 | $0 |
Gonzalo Caceres Treasurer | OfficerTrustee | 1 | $0 |
Ben Kelly Secretary | OfficerTrustee | 1 | $0 |
Charles Perez Vice Chair | OfficerTrustee | 1 | $0 |
Cari Anderson Board Of Dir | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,109,392 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $349,310 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,458,702 |
| Total Program Service Revenue | $0 |
| Investment income | $49 |
| 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 | $2,458,751 |
| 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 | $743,227 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $164,107 |
| Payroll taxes | $54,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $262,284 |
| Office expenses | $24,219 |
| Information technology | $37,744 |
| Royalties | $0 |
| Occupancy | $4,303 |
| Travel | $60,006 |
| 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 | $2,584 |
| Insurance | $0 |
| All other expenses | $7,608 |
| Total functional expenses | $2,363,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $893,762 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,414 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $899,176 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,736 |
| Total liabilities | $3,736 |
| Net assets without donor restrictions | $895,440 |
| 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 | $899,176 |
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