Ferry Cove Shellfish Inc is located in Annapolis, MD. 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, Ferry Cove Shellfish Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ferry Cove Shellfish Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FERRY COVE SHELLFISH IS DESIGNING, PROMOTING AND IMPLEMENTING SUSTAINABLE AQUACULTURE-RELATED ACTIVITIES CONTINUED ON SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, WE WERE COMPLETING THE CONSTRUCTION OF THE FACILITY. LOOKING FORWARD, LARGEST PROGRAMS WILL BE 1 LARVAE, SEED AND SPAT ON SHELL PRODUCTION, 2 AQUACULTURE SUPPORT ACTIVITIES AND 3 CHESAPEAKE BAY RESTORATION ACTIVITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephan Abel President CEO | Officer | 40 | $168,269 |
Tina Davenport Member | Trustee | 1 | $0 |
James Perdue Member | Trustee | 1 | $0 |
Michael Roman Member | Trustee | 1 | $0 |
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 | $1,478,724 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,478,724 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $1,478,724 |
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. | $194,669 |
Compensation of current officers, directors, key employees. | $29,200 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $161,213 |
Pension plan accruals and contributions | $17,466 |
Other employee benefits | $23,884 |
Payroll taxes | $25,161 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,405 |
Fees for services: Accounting | $4,985 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $2,918 |
Office expenses | $13,273 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $24,919 |
Travel | $3,347 |
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 | $2,220 |
Insurance | $8,735 |
All other expenses | $0 |
Total functional expenses | $723,819 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $769,057 |
Savings and temporary cash investments | $0 |
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 | $13,320 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $782,377 |
Accounts payable and accrued expenses | $1,774 |
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 | $1,774 |
Net assets without donor restrictions | $780,603 |
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 | $782,377 |
Organization Name | Assets | Revenue |
---|---|---|
Trout Unlimited Inc Arlington, VA | $51,595,446 | $73,589,857 |
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 |
Trout Unlimited Bellefonte, PA | $632,076 | $209,319 |
Fish America Foundation Alexandria, VA | $1,822,560 | $209,516 |
Yellow Breeches Anglers & Conservation Association Inc Boiling Springs, PA | $191,923 | $0 |
Trout Unlimited Carlisle, PA | $171,621 | $0 |
Lehigh River Stocking Association Inc Lehighton, PA | $9,507 | $38,908 |
American Fisheries Society Bethesda, MD | $179,722 | $0 |
True Oyster Restoration Initiative Inc Baltimore, MD | $19,283 | $0 |
Erdman Trout Conservation Nursery Inc Lykens, PA | $36,390 | $0 |