Aquatic Life Institute Inc
- Assets
- $181.8k
- Revenue
- $648.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Rye, NY
- Founding
- Data as of
- 12/2023
- EIN
- 87-3020380
Organization Overview
Aquatic Life Institute Inc is located in Rye, NY. According to its NTEE Classification (D30) the organization is classified as: Wildlife Preservation & Protection, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aquatic Life Institute 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AQUATIC LIFE INSTITUTE ALI ACTS AS A HUB FOR AQUATIC ANIMAL ADVOCACY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC AND CORPORATE POLICY - ALI ENGAGES WITH ORGANIZATIONS AND GOVERNMENTS AROUND THE WORLD ON ISSUES RELATED TO AQUATIC ANIMAL WELFARE. ALI PROVIDES DATA-DRIVEN FEEDBACK ON POLICIES FOCUSED ON IMPROVING THE WELFARE OF FARMED AND WILD CAUGHT AQUATIC ANIMALS. ALI ALSO PARTNERS WITH CORPORATIONS AND RETAILERS TO INTRODUCE AND/OR STRENGTHEN AQUATIC ANIMAL WELFARE POLICIES AND PROCUREMENT PRACTICES.
COALITIONS - ALI FACILITATES SHARING OF INFORMATION AND RESOURCES BETWEEN 140+ AQUATIC ANIMAL ALLIANCE (AAA) MEMBERS IN 70+ COUNTRIES. THIS INCLUDES PROMOTING UP-TO-DATE RESEARCH AND RESOURCES, AND MEANINGFUL RELATIONSHIP BUILDING FOR ORGANIZATIONS WORKING TO IMPROVE THE LIVES OF AQUATIC ANIMALS.
CERTIFIER CAMPAIGN - ALI AIMS TO IMPROVE AQUACULTURE CERTIFIER STANDARDS TO ESTABLISH WHAT CONSTITUTES A HIGH-WELFARE AQUATIC ANIMAL PRODUCT, AND TO ENSURE THAT PRODUCTS LABELED AS "SUSTAINABLE OR "RESPONSIBLE" MUST INCLUDE THE MOST ROBUST ANIMAL WELFARE CONSIDERATIONS. THROUGH ALI'S ANNUAL CERTIFICATION BENCHMARK PROGRAM, ALI ANALYZES WELFARE REQUIREMENTS WITHIN THE PRIMARY FARMING STANDARDS OF GLOBAL SEAFOOD CERTIFIERS AND ISSUES PUBLIC RATINGS AND INDIVIDUAL RECOMMENDATIONS FOR IMPROVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sophika Kostyniuk Managing Director | Officer | 40 | $108,733 |
Kikiope O Oluwarore Member | Trustee | 1 | $0 |
William Bench President | Trustee | 1 | $0 |
Arturo J Garcia Member | Trustee | 1 | $0 |
Financial Statements
| 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 | $643,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $643,896 |
| Total Program Service Revenue | $4,918 |
| 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 | $648,814 |
| 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. | $109,763 |
| Compensation of current officers, directors, key employees. | $21,953 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $392,624 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,149 |
| Payroll taxes | $9,850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,268 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44 |
| Advertising and promotion | $3,451 |
| Office expenses | $3,951 |
| Information technology | $11,770 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $53,761 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,234 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $632,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,767 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $181,767 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $181,767 |
| 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 | $181,767 |