Alaska Seafood Cooperative is located in Seattle, WA. The organization was established in 2008. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Alaska Seafood Cooperative employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Seafood Cooperative is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Alaska Seafood Cooperative generated $566.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $520.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 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
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
ALASKA SEAFOOD COOPERATIVE (ASC) IS AN INDUSTRY GROUP REPRESENTING SEVERAL "FREEZER TRAWLER" FISHING COMPANIES THAT ALL SHARE THE GOAL OF IMPROVING THE MANAGEMENT AND ECOLOGICAL STEWARDSHIP OF FLATFISH AND OTHER NON-POLLOCK GROUNDFISH FISHERIES IN THE BERING SEA.FLATFISH ARE MANAGED BY THE SAME STRICT, SCIENCE-BASED STANDARDS THAT HAVE MADE ALASKA FISHERIES GLOBALLY RENOWNED AS AMONG THE BEST MANAGED IN THE WORLD. CATCHES ARE HELD AT OR BELOW SCIENTIFIC LIMITS, NONE OF THESE STOCKS ARE OVERFISHED, AND FISHING IS STRICTLY REGULATED TO PREVENT EXCESSIVE BYCATCH OF OTHER SPECIES.BYCATCH IS A MAJOR CONCERN FOR ASC AND FISHERY MANAGERS. BYCATCH LIMITS ARE PLACED ON THE MORTALITY OF INCIDENTAL CATCH OF SPECIES LIKE HALIBUT AND CRAB AND IF ANY OF THESE LIMITS ARE REACHED, THE FLATFISH FISHERIES WILL BE CLOSED REGARDLESS OF HOW MUCH IS LEFT OF THEIR QUOTA.FROM ITS INCEPTION, ASC WORKED WITH THE NORTH PACIFIC FISHERY MANAGEMENT COUNCIL TO END THE "RACE FOR FISHX AND DEVELOP A SAFER, MORE RESPONSIBLE WAY TO MANAGE THE FISHERIES. THE RESULTING NEW SYSTEM (AMENDMENT 80) WENT INTO EFFECT IN 2008 AND DIVIDES THE GROUNDFISH TARGET QUOTAS AND BYCATCH LIMITS AMONG COOPERATIVES LIKE ASC. THIS NEW MANAGEMENT SYSTEM MAKES EACH GROUP RESPONSIBLE FOR ITS OWN CATCH AND BYCATCH, AND ALSO PROVIDES STRONG INCENTIVES FOR THE CO-OPS TO KEEP BYCATCH RATES LOW, MAXIMIZE RETENTION OF TARGET CATCHES THAT CAN BE MARKETED, AND REWARD THOSE WHO FISH CLEANLY AND EFFICIENTLY.AT INDUSTRY EXPENSE, OBSERVER COVERAGE ABOARD FLATFISH VESSELS WAS DOUBLED FROM HISTORIC LEVELS, RESULTING IN THE CURRENT STANDARD OF 200% COVERAGE FOR THE FLEET. NEW FLOW SCALES WERE ADOPTED THAT PRECISELY ACCOUNT FOR EVERYTHING THAT IS CAUGHT. ADDITIONALLY, FISHERMEN COLLABORATED WITH FEDERAL SCIENTISTS TO REDUCE THE IMPACT OF THEIR NETS, RESULTING IN THE FLEETS IMPLEMENTATION OF MODIFIED FLATFISH TRAWLS THAT REDUCE SEAFLOOR CONTACT BY AS MUCH AS 90% RELATIVE TO OLDER GEAR TYPES.IN 2010, THE FLATFISH INDUSTRY DECIDED TO PURSUE CERTIFICATION UNDER THE MARINE STEWARDSHIP COUNCIL (MSC), AN INTERNATIONALLY RECOGNIZED BODY THAT PROVIDES THIRD-PARTY, OBJECTIVE CERTIFICATION OF SUSTAINABLE FISHERIES. MSC CERTIFICATION INVOLVES CLOSE AND ONGOING SCRUTINY THROUGH A TRANSPARENT, SCIENCE-BASED PROCESS TO EVALUATE SOUNDNESS OF STOCK ASSESSMENTS, IMPACTS OF FISHING ON TARGET AND BYCATCH SPECIES AS WELL AS THE OVERALL ECOSYSTEM, AND OTHER METRICS OF SUSTAINABILITY. THE FLATFISH FISHERIES WERE CERTIFIED UNDER THE MSC GUIDELINES IN 2010, AND THIS CERTIFICATION WAS RENEWED IN 2015 AND 2020. ADDITIONALLY, SEVERAL SPECIES OF ROCKFISH AND ATKA MACKEREL WERE CERTIFIED BY MSC IN 2020.MORE RECENTLY, THE ASC HAS BEEN REFINING A PROGRAM OF DECK SORTING UNDER AN EXEMPTED FISHING PERMIT (EFP). THIS EFP ALLOWS FOR EXPERIMENTAL FISHING PRACTICES TO BE TESTED UNDER THE SUPERVISION OF FEDERAL SCIENTISTS. THE DECK SORTING EFP HAS ALLOWED FOR HALIBUT AN IMPORTANT BYCATCH SPECIES TO BE RETURNED TO THE WATER MUCH FASTER THAN WOULD BE THE CASE UNDER NORMAL REGULATIONS, GREATLY REDUCING HALIBUT MORTALITY. DECK SORTING WAS MADE PART OF NORMAL REGULATIONS BEGINNING IN THE 2020 SEASON.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Gauvin Employee | 40 | $217,896 | |
Elizabeth Concepcion Employee | 40 | $118,760 | |
Jim Johnson Director | Trustee | 3 | $0 |
Helena Park Director | Trustee | 3 | $0 |
Arne Fuglvog Sec'y/treas | OfficerTrustee | 3 | $0 |
Matt Doherty Director | Trustee | 3 | $0 |
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 | $566,796 |
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 | $566,796 |
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 | $336,655 |
Pension plan accruals and contributions | $10,065 |
Other employee benefits | $24,207 |
Payroll taxes | $22,681 |
Fees for services: Management | $0 |
Fees for services: Legal | $460 |
Fees for services: Accounting | $2,145 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,000 |
Advertising and promotion | $0 |
Office expenses | $1,039 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $29,921 |
Travel | $9,034 |
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 | $781 |
Insurance | $986 |
All other expenses | $12,001 |
Total functional expenses | $520,351 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $84,660 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $24,714 |
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 | $1,521 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $110,895 |
Accounts payable and accrued expenses | $1,334 |
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 | $1,334 |
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 | $109,561 |
Total liabilities and net assets/fund balances | $110,895 |