Vii Northeast Fishery Sector Inc
- Assets
- $7.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Bedford, MA
- Founding
- 06/2012
- Data as of
- 12/2022
- EIN
- 27-0247664
Organization Overview
Vii Northeast Fishery Sector Inc is located in New Bedford, MA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vii 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 12/2022, Vii Northeast Fishery Sector Inc generated $18.9k 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 (10.3%) each year. All expenses for the organization totaled $20.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3
A FISHING COOPERATIVE TO ALLOCATE ALLOWABLE CATCH OF MULTISPECIES ON AN ANNUAL BASIS IN ORDER TO ENHANCE AND MAINTAIN COMMERCIAL FISHERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lars Vinjerud II President | 0 | $0 | |
Corbin Pettway Treasurer | 0 | $0 | |
Antonio Pereira Clerk | 0 | $0 | |
Scott Bode Director | 0 | $0 | |
Walter Smith Director | 0 | $0 | |
Lars Vinjerud II Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $18,859 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $18,859 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,998 |
| Professional fees and other payments to independent contractors | $1,120 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,553 |
| Total expenses | $20,671 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,565 |
| Other assets | $0 |
| Total assets | $6,973 |
| Total liabilities | $10,342 |
| Net assets or fund balances | -$3,369 |