National Fisheries Institute Inc
- Assets
- $6.3m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 18
- Location
- Mclean, VA
- Founding
- 06/1946
- Data as of
- 12/2021
- EIN
- 53-0175414
Organization Overview
National Fisheries Institute Inc is located in Mclean, VA. The organization was established in 1946. 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 12/2021, National Fisheries Institute Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Fisheries Institute 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, National Fisheries Institute Inc generated $4.3m 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 (4.4%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) 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
THE OBJECTIVE OF THE INSTITUTE IS TO ASSURE A CONTINUOUS GROWING CONSUMPTION OF FISH AND SEAFOOD PRODUCTS IN THE UNITED STATES IN ORDER TO CONTRIBUTE TO THE OVERALL FOOD REQUIREMENTS AND NUTRITIONAL NEEDS OF THE POPULATION AND TO ENHANCE THE WELFARE OF THE INDUSTRY,THUS PROVIDING EMPLOYMENT AND INVESTMENT OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL PROJECTS ARE CONDUCTED TO PROVIDE INFORMATIONAL AND TECHNICAL MATERIAL TO MEMBERS ON NEW GOVERNMENT REGULATIONS THAT AFFECT THEM
COMMUNICATION PROJECTS DELIVER POSITIVE MESSAGE ABOUT THE SAFETY OF SEAFOOD AND ITS NUTRITIONAL VALUE AND HEALTH BENEFITS
NFI SPONSORS CONVENTIONS AND MEETINGS TO PROVIDE A FORUM FOR INDUSTRY MEMBERS TO EXCHANGE INFORMATION ON NEW REGULATIONS AND TECHNICAL DEVELOPMENTS IN THE SEAFOOD INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Connelly President | OfficerTrustee | 55 | $474,753 |
Robert A Dehaan Vice President | 40 | $284,398 | |
Judith Dashiell Senior Vice Pres | 40 | $200,120 | |
Gavin Gibbons Dir Of Comm. | 40 | $200,106 | |
Lisa Weddig Director Of Regulatory Affairs | 40 | $188,014 | |
Kedrin Simms Brachman | 40 | $143,220 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reed Smith Llp Consulting | 12/30/21 | $174,098 |
Counterpoint Strategies Public Relations | 12/30/21 | $353,996 |
The Butin Group Consulting | 12/30/21 | $207,148 |
Holland & Knight Llp Legal Services | 12/30/21 | $285,932 |
Mcginty & Co Llc Accounting Services | 12/30/21 | $101,109 |
Financial Statements
| 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 | $3,922,310 |
| Investment income | $1,123 |
| 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 | $4,319,156 |
| 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 | $522,310 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,521,787 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,506,303 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $228,358 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $71,913 |
| Royalties | $0 |
| Occupancy | $149,051 |
| Travel | $100,763 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,885 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,970 |
| Insurance | $15,612 |
| All other expenses | $0 |
| Total functional expenses | $4,454,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,122,312 |
| Savings and temporary cash investments | $2,426,887 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $578,385 |
| 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 | $72,652 |
| Net Land, buildings, and equipment | $93,621 |
| Investments—publicly traded securities | $1,955,256 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,723 |
| Total assets | $6,266,836 |
| Accounts payable and accrued expenses | $631,764 |
| Grants payable | $0 |
| Deferred revenue | $1,151,814 |
| 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 | $4,148,355 |
| Total liabilities | $5,931,933 |
| Net assets without donor restrictions | $318,825 |
| Net assets with donor restrictions | $16,078 |
| 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 | $6,266,836 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Fisheries Institute Inc has recieved totaling $58,000.
| Awarding Organization | Amount |
|---|---|
Seafood Industry Research Fund Inc Mclean, VA | | $58,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Fisheries Institute Inc Mclean, VA | $6,266,836 | $4,319,156 |
American Fisheries Society Inc Bethesda, MD | $6,265,976 | $4,050,983 |
Ferry Cove Shellfish Inc Annapolis, MD | $782,377 | $1,478,724 |
Fish America Foundation Alexandria, VA | $1,822,560 | $209,516 |
Fishing With Kids Dunmor, KY | $0 | $0 |
American Fisheries Society Bethesda, MD | $179,722 | $0 |
True Oyster Restoration Initiative Inc Baltimore, MD | $19,283 | $0 |
Stephen Decatur Alumni Association Berlin, MD | $49,148 | $0 |