V Northeast Fishery Sector Inc
- Assets
- $21.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Richmond, RI
- Founding
- 06/2012
- Data as of
- 12/2023
- EIN
- 27-0247381
Organization Overview
V Northeast Fishery Sector Inc is located in Richmond, RI. The organization was established in 2012. According to its NTEE Classification (D33) the organization is classified as: Fisheries Resources, under the broad grouping of Animal-Related and related organizations. As of 12/2023, V Northeast Fishery Sector Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. V Northeast Fishery Sector Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, V Northeast Fishery Sector Inc generated $88.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $83.6k during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION ENGAGES IN THE FORMING OF A SECTOR OF FISHERMEN ("MEMBERS") TO RECEIVE ORACCEPT AN AGGREGATE ALLOCATION OF FISHING PRIVILEGES TO BE HARVESTED BY MEMBERS. THE ORGANIZATION ENCOURAGESRESPONSIBLE FISHING METHODS AND PRACTICES TO CONSERVE FISHERY AND OTHER ENVIRONMENTAL RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodman Sykes President | 2 | $0 | |
Robert Westcott Treasurer | 2 | $0 | |
Daniel Salerno Secretary/director | 20 | $16,000 | |
Howard Follett Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $85,800 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,750 |
| Total Revenue | $88,550 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,606 |
| Professional fees and other payments to independent contractors | $495 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $532 |
| Other expenses | $59,948 |
| Total expenses | $83,581 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,212 |
| Other assets | $0 |
| Total assets | $21,212 |
| Total liabilities | $2,185 |
| Net assets or fund balances | $19,027 |