Commercial Fisheries Research Foundation Inc

Organization Overview

Commercial Fisheries Research Foundation Inc is located in Saunderstown, RI. The organization was established in 2008. According to its NTEE Classification (D99) the organization is classified as: Animal-Related N.E.C., under the broad grouping of Animal-Related and related organizations. As of 06/2022, Commercial Fisheries Research Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commercial Fisheries Research Foundation 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 06/2022, Commercial Fisheries Research Foundation Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 25.7% per year over the past 7 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE COMMERCIAL FISHERIES RESEARCH FOUNDATION IS TO SUPPORT AND CONDUCT RESEARCH AND EDUCATION THAT ASSISTS IN THE ACHIEVEMENT OF SUSTAINABLE FISHERIES THROUGH THE GENERATION OF BETTER INFORMATION AND EFFECTIVE TECHNOLOGIES FOR THE BENEFIT

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE LOBSTER AND JONAH CRAB RESEARCH FLEET PROJECT FOCUSES ON IMPLEMENTING A COST-EFFECTIVE METHOD TO COLLECT CRITICALLY NEEDED DATA FOR TWO COMMERCIALLY IMPORTANT SPECIES: THE JONAH CRAB AND THE AMERICAN LOBSTER. THE PROJECT EMPLOYS A FISHING VESSEL RESEARCH FLEET APPROACH USING DIGITAL CALIPERS AND THE ON-DECK DATA APP TO COLLECT BIOLOGICAL DATA FROM THE CATCH IN COMMERCIAL AND VENTLESS TRAPS.


THE BLACK SEAS BASS RESEARCH FLEET PROJECT EMPLOYS EIGHT RI COMMERCIAL AND RECREATIONAL FISHERMEN UTILIZING A VARIETY OF GEAR TYPES TO COLLECT BIOLOGICAL AND FISHERY DATA ON BLACK SEA BASS THROUGHOUT THE YEAR. DATA IS COLLECTED AND TRANSMITTED TO THE CFRF USING A SPECIFICALLY DESIGNED BLACK SEA BASS SAMPLING APPLICATION ON ANDRIOD TABLETS.


CFRF IN PARTNERSHIP WITH LOCAL FISHERMEN ARE CONDUCTING PRE- CONSTRUCTION FISHERIES MONITORING SURVEYS OF THE SOUTH FORK OFFSHORE WIND FARM. IT INCLUDES UP TO 15 WIND TURBINE GENERATORS,SUBMARINE CABLES BETWEEN TURBINES AND OFFSHORE SUBSTATION. THE PROJECT AIMS TO COLLECT PRE-CONSTRUCTION DATA ON 1)THE ABUNDANCE,SIZE STRUCTURE, AND DISTRIBUTION OF MARINE SPECIES AND 2)OCEANOGRAPHIC DATA THAT CAN BE USED TO CHARACTERIZE THE CONDITIONS OF THE SOUTH FORK WIND FARM LEASE AREA.


THE SCUP FILLET MARKETING AND PRODUCTION, SHELF RESEARCH, PILOTING AUTOMATIC SQUID JIGGING AND OTHER PROJECTS ARE MAINTAINED AND OVERSEEN BY CFRF THROUGHOUT THE YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
N David Bethony
Executive Director
$124,257
Fred Mattera
President
$10,000
David Spencer
Treasurer
$0
John Kennedy
Vice-President
$0
Donald Fox
Board Member
$0
Chris Lee
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $779,356
All other contributions, gifts, grants, and similar amounts not included above$1,047,896
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,827,252
Total Program Service Revenue$0
Investment income $2
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 $1,827,254

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Commercial Fisheries Research Foundation Inc has recieved totaling $80,000.

Awarding OrganizationAmount
The Keith Campbell Foundation For The Environment Inc

Bethesda, MD

PURPOSE: COOPERATIVE MARINE RESEARCH PROJECTS

$80,000
View Grant Recipient Profile

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