California Wetfish Producers Association
- Assets
- $577.5k
- Revenue
- $984.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Buellton, CA
- Founding
- 02/2004
- Data as of
- 03/2024
- EIN
- 56-2386130
Organization Overview
California Wetfish Producers Association is located in Buellton, CA. The organization was established in 2004. 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. California Wetfish Producers Association 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 03/2024, California Wetfish Producers Association generated $984.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $941.4k during the year ending 03/2024. While expenses have increased by 13.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MAJOR GOALS ARE TO PROTECT AND MAINTAIN ACCESS TO WETFISH RESOURCES IN CALIFORNIA, PROMOTE SUSTAINABLE PRODUCTION OF WETFISH RESOURCES IN CALIFORNIA, AND FACILITATE COMMUNICATION WITHIN AND OUTSIDE THE WETFISH INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE ACCOMPLISHMENTSCWPA REPRESENTED INTERESTS OF MEMBER FISHERY PARTICIPANTS, INCLUDING HARVESTERS AND PROCESSORS, IN SEVERAL FORUMS, INCLUDING PRINCIPALLY WITH THE PACIFIC FISHERY MANAGEMENT COUNCIL, THE NATIONAL MARINE FISHERIES SERVICE (NMFS), AND THE CALIFORNIA DEPARTMENT OF FISH AND WILDLIFE (CDFW). THIS WORK IS INTENDED TO MAINTAIN SUSTAINABILITY AND ACCESS TO COASTAL PELAGIC SPECIES (CPS) FISHERIES (INCLUDING SQUID, ANCHOVY, SARDINE, MACKEREL). CPWA HAS ENGAGED IN RESEARCH TO ENSURE THE SUSTAINABILITY OF CPS FISHERIES. SPECIFICALLY, CWPA HAS ADMINISTERED NEARSHORE ACOUSTIC SURVEYS OF CPS IN COORDINATION WITH NMFS AND HAS PROVIDED SUPPORT TO CDFW FOR VALIDATION AND GENERATION OF CORRECTION FACTORS FOR AERIAL SURVEYS OF CPS. CWPA HAS ALSO SURVEYED MARKET SQUID PARALARVA AND CONDUCTED RELATED RESEARCH CONCERNING SQUID RECRUITMENT. CPS IS ALSO LEADING A RESEARCH PROJECT EXPLORING NEARSHORE DYNAMICS OF SARDINE POPULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Fina Executive Direc | Officer | 40 | $150,000 |
Vince Torre President | OfficerTrustee | 2 | $0 |
Corbin Hanson Director | Trustee | 2 | $0 |
Mike Carpenter Secretary-Treas | OfficerTrustee | 2 | $0 |
David Crabbe Director | Trustee | 2 | $0 |
Pete Guglielmo Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $390,347 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $554,706 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $980,253 |
| Total Program Service Revenue | $0 |
| Investment income | $3,793 |
| 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 | $984,046 |
| 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. | $150,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $36,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,200 |
| Advertising and promotion | $0 |
| Office expenses | $6,478 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,231 |
| All other expenses | $5,620 |
| Total functional expenses | $941,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,312 |
| Savings and temporary cash investments | $379,716 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,508 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $577,536 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $577,536 |
| Total liabilities and net assets/fund balances | $577,536 |