Copper River & Prince William Sound Marketing Association
- Assets
- $770.9k
- Revenue
- $318.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Cordova, AK
- Founding
- 06/2006
- Data as of
- 06/2023
- EIN
- 56-2502443
Organization Overview
Copper River & Prince William Sound Marketing Association is located in Cordova, AK. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Copper River & Prince William Sound Marketing Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Copper River & Prince William Sound Marketing 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 06/2023, Copper River & Prince William Sound Marketing Association generated $318.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $438.5k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Copper River & Prince William Sound Marketing Association has awarded 13 individual grants totaling $387,175. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
INCREASE THE VALUE OF SALMON HARVESTED FROM THE COPPER RIVER/PRINCE WILLIAM SOUND REGION THROUGH EFFECTIVE MARKETING, QUALITY ENHANCEMENT, RESEARCH AND COOPERATIVE PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETING AREA E SALMON AND DEVELOPING REGIONAL SEAFOOD BRANDS. THIS INCLUDED ATTENDING TRADE SHOWS, HOLDING MEDIA EVENTS FOR CHEFS AND PRESS IN CORDOVA, DISTRIBUTING SAMPLES OF LOCAL SALMON THROUGHOUT THE US, INCREASING VISIBILITY THROUGH WEB PAGE DEVELOPMENT, SOCIAL MEDIA, AND PRINT ADVERTISING.
SUPPORT OF PROGRAMS SUGGESTED BY MEMBERS AND OF IMPORTANCE TO THE FLEET. THESE INCLUDED AN IN-STATE PR CAMPAIGN TO HIGHLIGHT THE IMPORTANCE OF THE COMMERCIAL FLEET TO ALASKA, SUPPORT FOR THE CORDOVA DISTRICT FISHERMAN UNITED BUOY PROGRAM WHICH MARKS THE FISHING CHANNELS FOR THE FLEET EACH SPRING, AND A PILOT SONAR PROJECT TO DETERMINE WHETHER THERE IS A VIABLE LOCATION FOR AN ALTERNATE SONAR SITE ON THE COPPER RIVER FLAT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christa Hoover Executive Di | Officer | 40 | $78,978 |
Bret Bradford Board Presid | OfficerTrustee | 1 | $0 |
Brad Reynolds Board Secret | OfficerTrustee | 1 | $0 |
Matt Maxwell Board Vice P | OfficerTrustee | 1 | $0 |
John Williams Board Treasu | OfficerTrustee | 2 | $0 |
Danny Carpenter Board Direct | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $271,903 |
| 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 | $275,903 |
| Total Program Service Revenue | $0 |
| Investment income | $37,875 |
| 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 | $318,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,017 |
| 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. | $89,877 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,056 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $605 |
| Payroll taxes | $11,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40 |
| Fees for services: Accounting | $4,163 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,287 |
| Fees for services: Other | $49,379 |
| Advertising and promotion | $98,512 |
| Office expenses | $11,366 |
| Information technology | $13,225 |
| Royalties | $0 |
| Occupancy | $12,285 |
| Travel | $43,291 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,745 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,503 |
| All other expenses | $0 |
| Total functional expenses | $438,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,571 |
| Savings and temporary cash investments | $5,176 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $739,124 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $770,871 |
| Accounts payable and accrued expenses | $16,949 |
| 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 | $16,949 |
| Net assets without donor restrictions | $753,922 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $770,871 |
Grants Awarded
Over the last fiscal year, Copper River & Prince William Sound Marketing Association has awarded $36,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CORDOVA DISTRICT FISHERMEN UNITED PURPOSE: BUOY CHANNEL MARKERS | $16,000 |
PRINCE WILLIAM SOUND ECONOMICDEVELOPMENT COUNCIL-DISTRICT PURPOSE: FEASIBLITY STUDY | $20,000 |