Hood Canal Slmon Enhancement Group
- Assets
- $9.9m
- Revenue
- $3.7m
- Investments
- $72.7k
- Employees
- 31
- Location
- Belfair, WA
- Founding
- 12/1995
- Data as of
- 12/2021
- EIN
- 91-1518294
Organization Overview
Hood Canal Slmon Enhancement Group is located in Belfair, WA. The organization was established in 1995. 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 12/2022, Hood Canal Slmon Enhancement Group employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hood Canal Slmon Enhancement Group 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 12/2021, Hood Canal Slmon Enhancement Group generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 11.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROTECT AND ENHANCE WILD SALMON POPULATIONS AND PROVIDE EDUCATION TO LOCAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WILD SALMON CONSERVATION AND HABITAT RESTORATION/PROTECT REGIONAL SALMON POPULATIONS FOR THE COMMUNITY WITH RECREATIONAL AND ECONOMIC BENEFITS.
THE HCSEG IS INVOLVED IN SEVERAL ON-GOIONG RESEARCH STUDIES TO BETTER UNDERSTAND WILD SALMON RESTORATION AND THE HEALTH OF THE HOOD CANAL WATERSHED. THESE STUDIES RANGE FROM JUVENILE SALMON REARING AND NUTRIFICATION TO WATER QUALITY ISSUES.
PROVIDE SCHOLARSHIPS TO LOCAL COMMUNITY TEENAGERS FOR FURTHER EDUCATIONAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mendy Harlow Executive Director | Officer | 40 | $116,736 |
Denny Hamilton Director | Trustee | 1 | $0 |
Mike Henderson Treasurer | Trustee | 1 | $0 |
Jeanne Robinson Director | Trustee | 0 | $0 |
Kelli Kohout Interim Secretary | Trustee | 1 | $0 |
Mac Mclean Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Innovasea Materials | 12/30/22 | $162,445 |
Esa Pat Mccullough Professional Svcs | 12/30/22 | $427,966 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,648,800 |
| Investment income | $1,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,764 |
| 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 | $2,466 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,655,084 |
| Statement of Expenses | |
|---|---|
| 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. | $96,588 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,717 |
| Pension plan accruals and contributions | $7,136 |
| Other employee benefits | $47,843 |
| Payroll taxes | $48,333 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $425 |
| Fees for services: Accounting | $16,188 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $899 |
| Advertising and promotion | $1,081 |
| Office expenses | $5,513 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,362 |
| Travel | $632 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $69,719 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,995 |
| Insurance | $10,791 |
| All other expenses | $0 |
| Total functional expenses | $3,008,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $399,982 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $31,544 |
| 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 | $35,231 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $72,748 |
| Investments—program-related | $0 |
| Intangible assets | $5,848 |
| Other assets | $242,589 |
| Total assets | $9,852,835 |
| Accounts payable and accrued expenses | $317,207 |
| 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 | $1,020,417 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,836 |
| Total liabilities | $1,341,460 |
| Net assets without donor restrictions | $1,462,104 |
| Net assets with donor restrictions | $7,049,271 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $8,511,375 |