World Aquaculture Society Inc
- Assets
- $1.1m
- Revenue
- $2.3m
- Investments
- $371.6k
- Employees
- 2
- Location
- Sorrento, LA
- Founding
- 09/1987
- Data as of
- 03/2023
- EIN
- 58-1739990
Organization Overview
World Aquaculture Society Inc is located in Sorrento, LA. The organization was established in 1987. According to its NTEE Classification (U21) the organization is classified as: Marine Science & Oceanography, under the broad grouping of Science & Technology and related organizations. As of 03/2023, World Aquaculture Society Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Aquaculture Society Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, World Aquaculture Society Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $2.2m during the year ending 03/2023. While expenses have increased by 12.4% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEEE SCHEDULE O
Describe the Organization's Program Activity:
WORLD AQUACULTURE SOCIETY WAS ORGANIZED FOR THE PURPOSE OF BRINGING TOGETHER SCIENTISTS, FISH FARMERS, AND BUSINESSMEN IN A FORUM TO PROVIDE FOR THEIR MUTUAL EDIFICATION. WORLD AQUACULTURE PROMOTES THE STUDY OF MARICULTURE AND AQUATIC SCIENCE AND THE DISSEMINATION OF INFORMATION IN THOSE FIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Cooksey Executive Director | Officer | 40 | $162,000 |
Dr David Cline President | OfficerTrustee | 2 | $0 |
Dr Humberto Villarreal Immediate Past President | OfficerTrustee | 2 | $0 |
Dr Wendy Sealey President Elect | OfficerTrustee | 2 | $0 |
Dr Matt Parker Treasurer | OfficerTrustee | 2 | $0 |
Rumaitha Al Busaidi Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mf Cooksey Director Of Conferences | 3/30/19 | $163,000 |
Mckee Enterprises It Support And Website Maintenance | 3/30/19 | $104,930 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $156,530 |
| 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 | $156,530 |
| Total Program Service Revenue | $2,080,612 |
| Investment income | $53,880 |
| 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 | $82 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,291,104 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,664 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,896 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,155 |
| Advertising and promotion | $0 |
| Office expenses | $109,091 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,195 |
| Travel | $13,314 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,685,844 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,122 |
| All other expenses | $0 |
| Total functional expenses | $2,246,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $721,968 |
| Savings and temporary cash investments | $31,000 |
| 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 | $0 |
| Investments—other securities | $371,632 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,124,600 |
| Accounts payable and accrued expenses | $16,567 |
| 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 | $3,803 |
| Total liabilities | $20,370 |
| Net assets without donor restrictions | $1,104,230 |
| 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 | $1,124,600 |