Catfish Institute

Organization Overview

Catfish Institute is located in Madison, MS. The organization was established in 1987. 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 12/2023, Catfish Institute employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catfish Institute 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 12/2023, Catfish Institute generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 2.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE AND DEVELOP THE FARM-RAISED CATFISH INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CATFISH INSTITUTE, INC. PLAYS AN INTEGRAL PART IN THE ADVERTISING AND PROMOTION OF FARM RAISED CATFISH. THROUGH ITS EFFORTS, ALL CATFISH FARMERS BENEFIT FROM A BROADER MARKETING AREA IN THE U.S.A. AND IN THE WORLD.


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Board, Officers & Key Employees

Name (title)Compensation
Dean Kiker
Director
$0
Harry Simmons
Chairman
$0
George Smelley
Director
$0
Bubba Drury
Director
$0
Andrew Stainback
Director
$0
Andy Jones
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Ramey Agency
Trade Consultant
$749,511
Catfish Farmers Of America
Lobbyist
$120,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,950,188
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$1,950,188
Total Program Service Revenue$0
Investment income $78,119
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,270
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,029,577

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