American Albacore Fishing Association Inc

Organization Overview

American Albacore Fishing Association Inc is located in Bonita, CA. The organization was established in 2005. 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 12/2021, American Albacore Fishing Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Albacore Fishing Association Inc 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 12/2021, American Albacore Fishing Association Inc generated $876.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION REPRESENTS COMMERCIAL POLE AND TROLL VESSELS. MEMBERS HAVE A COMMON BUSINESS INTEREST WHEREBY THEY AFFIRM THAT THE COMMERCIAL TUNA INDUSTRY BE CONVERTED TO MORE SELECTIVE AND ENVIRONMENTALLY SENSITIVE METHODS OF FISHING.EACH MEMBER AGREES THAT ALL TUNA OR ALBACORE CAUGHT OR OTHERWISE ACQUIRED BY THE MEMBER IN THE PACIFIC OCEAN WATERS, UTILIZING A VESSEL DULY ENROLLED IN THE CORPORATION SHALL BE SOLD, MARKETED AND DISTRIBUTED THROUGH THE CORPORATION IN ACCORDANCE WITH HE RULES.AAFA ALSO SUPPORTS EDUCATION REGARDING RESPONSIBLE METHODS AND PROMOTES THE HEALTH BENEFITS OF TUNA CONSUMPTION ALONG WITH THE ENVIRONMENTAL BENEFITS OF SUSTAINABLE FISHERY PRACTICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

REPRESENTED COMMERCIAL POLE AND TROLL VESSELS IN MARKETING FISH PRODUCTS, SALES OF ALBACORE TUNA PRODUCTS CAUGHT USING POLL AND TROLL METHODS WHICH ARE ENVIRONMENTALLY BENEFICIAL.


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Board, Officers & Key Employees

Name (title)Compensation
Eric Hopfer
Secretary
$0
Rodney Mcvicker
Treasurer
$0
Tim Thomas
President
$0
Carl Nish
Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$26,200
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$26,200
Total Program Service Revenue$850,421
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 $876,669

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