Pacific Shellfish Institute
- Assets
- $212.1k
- Revenue
- $930.1k
- Investments
- $0.0
- Employees
- 13
- Location
- Olympia, WA
- Founding
- 10/2004
- Data as of
- 08/2021
- EIN
- 91-1703218
Organization Overview
Pacific Shellfish Institute is located in Olympia, WA. The organization was established in 2004. According to its NTEE Classification (U21) the organization is classified as: Marine Science & Oceanography, under the broad grouping of Science & Technology and related organizations. As of 08/2021, Pacific Shellfish Institute employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Shellfish Institute 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 08/2021, Pacific Shellfish Institute generated $930.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $876.7k during the year ending 08/2021. While expenses have increased by 14.5% per year over the past 6 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
FOSTERING SUSTANABLE SHELLFISH RESOURCES AND A HEALTHY MARINE ENVIRONMENT THROUGH RESEARCH AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PSI RESEARCH SERVICES ARE MISSION-FOCUSED TO SUPPORT SHELLFISH PRODUCTION AND MARINE WATER QUALITY ON THE U.S. WEST COAST.
PSI ENVIRONMENTAL EDUCATION SERVICES ARE ALSO MISSION-FOCUSED FOR EDUCATION AND OUTREACH RELATED TO MARINE ECOLOGY AND NEARSHORE WATER QUALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberta Hudson Executive Director | Officer | 32 | $53,163 |
Bill Dewey Board Vice President | OfficerTrustee | 0 | $0 |
Betsy Peabody Board President | OfficerTrustee | 0 | $0 |
Liz Tobin Board Secretary | OfficerTrustee | 0 | $0 |
Duane Fagergren Board Treasurer | OfficerTrustee | 0 | $0 |
Dave Nisbet Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $867,374 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,548 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $911,922 |
| Total Program Service Revenue | $18,206 |
| Investment income | $1 |
| 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 | $930,129 |
| 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. | $53,163 |
| Compensation of current officers, directors, key employees. | $19,637 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $333,402 |
| Pension plan accruals and contributions | $9,024 |
| Other employee benefits | $23,737 |
| Payroll taxes | $31,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,612 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,295 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,793 |
| Travel | $26,648 |
| 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 | $0 |
| Insurance | $3,776 |
| All other expenses | $3,269 |
| Total functional expenses | $876,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,917 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $174,299 |
| 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 | $3,924 |
| 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 | $212,140 |
| Accounts payable and accrued expenses | $20,855 |
| 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 | $34,321 |
| Total liabilities | $55,176 |
| Net assets without donor restrictions | $140,115 |
| Net assets with donor restrictions | $16,849 |
| 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 | $212,140 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pacific Shellfish Institute has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Dawkins Charitable Tr Olympia, WA PURPOSE: COMMUNITY SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Straits Marine Conservation Foundation Bellingham, WA | $720,035 | $1,957,055 |
Foundation For Marine Ecology And Telemetry Research Seabeck, WA | $588,491 | $1,803,023 |
Bristol Bay Science & Research Institute Dillingham, AK | $1,477,988 | $1,262,079 |
Oceans Initiative Seattle, WA | $229,940 | $899,313 |
Pacific Shellfish Institute Olympia, WA | $212,140 | $930,129 |
Port Townsend Marine Science Society Fort Worden State Park Port Townsend, WA | $1,314,110 | $690,694 |
Center For Whale Research Friday Harbor, WA | $2,528,855 | $953,722 |
Octo Woodinville, WA | $92,478 | $299,552 |
Underwater Admiralty Sciences Puyallup, WA | $3,773 | $0 |
Pacific Marine Research Seattle, WA | $127,449 | $43,195 |
Meet The Ocean Portland, OR | $21,588 | $0 |