Chesapeake Bay Seafood Industries Association Inc
- Assets
- $19.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 12/1969
- Data as of
- 12/2021
- EIN
- 52-0881275
Organization Overview
Chesapeake Bay Seafood Industries Association Inc is located in Annapolis, MD. The organization was established in 1969. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., 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. Chesapeake Bay Seafood Industries Association 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, Chesapeake Bay Seafood Industries Association Inc generated $74.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $65.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.9%) per year over the past 3 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
2021
Describe the Organization's Program Activity:
Part 3
CBSIA IS A TRADE ORGANIZATION THAT ACTS AS THE VOICE FOR THE SEAFOOD INDUSTRY ALONG THE CHESAPEAKE BAY. AMONG OTHER THINGS, THE ASSOCIATION REPRESENTS THE INDUSTRY WITH LOCAL, STATE AND FEDERAL ISSUES. IN THE PAST AND CURRENTLY ISSUES THAT THE ASSOCIATION HAS BEEN ACTIVE WITH ARE: ENVIRONMENTALLY SAFE DISPOSAL OF CRAB CHUM; NATURAL RESOURCE MANAGEMENT PLANS; HEALTH DEPARTMENT REGULATIONS AND CHANGES; H2B VISA PROGRAM REGULATIONS AND CHANGES; AUTOMATION FOR CRAB PICKING; PUBLIC AWARENESS OF CHANGES WITHIN THE INDUSTRY; SUCH AS THE INFLUX OF IMPORTED PRODUCTS, ENVIRONMENTAL ISSUES, MISCONCEPTIONS OF CURRENT SEAFOOD RELATED NEWS; MARKETING TOOLS AND PLANS; NEW TOOLS AND EQUIPMENT AVAILABLE TO ASSIST THE INDUSTRY; PRIVATE AND PUBLIC FINANCING OPPORTUNITIES AVAILABLE TO THE INDUSTRY AND SHARE OF INDUSTRY INFORMATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Harris Director | 1 | $0 | |
Jay Newcomb Director | 1 | $0 | |
John C Brooks III Director | 1 | $0 | |
Aubrey Vincent Director | 1 | $0 | |
Joe Spurry Director | 1 | $0 | |
W Frederick Sieling Executive Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,000 |
| Total Program Service Revenue | $1,900 |
| Membership dues | $30,065 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,836 |
| Other Revenue | $0 |
| Total Revenue | $74,801 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $5,800 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $60,089 |
| Total expenses | $65,889 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,279 |
| Other assets | $0 |
| Total assets | $19,279 |
| Total liabilities | $0 |
| Net assets or fund balances | $19,279 |