Pacific Shellfish Institute
- Assets
- $323.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 16
- Location
- Olympia, WA
- Founding
- 10/2004
- Data as of
- 08/2023
- 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 08/2023, Pacific Shellfish Institute employed 16 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 08/2023, Pacific Shellfish Institute generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $1.1m during the year ending 08/2023. While expenses have increased by 11.4% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOSTERING SUSTAINABLE 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 |
|---|---|---|---|
Liz Tobin President | OfficerTrustee | 2 | $0 |
Bill Dewey Vice President | OfficerTrustee | 2 | $0 |
Laura Butler Treasurer | OfficerTrustee | 2 | $0 |
Rich Doenges Secretary | OfficerTrustee | 2 | $0 |
Chris Eardley Board Member | Trustee | 2 | $0 |
Betsy Peabody Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,003,388 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,321 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,087,709 |
| Total Program Service Revenue | $0 |
| 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 | $1,090,515 |
| 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. | $99,262 |
| Compensation of current officers, directors, key employees. | $6,063 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,159 |
| Pension plan accruals and contributions | $9,440 |
| Other employee benefits | $20,099 |
| Payroll taxes | $43,859 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,037 |
| 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 | $5,693 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,814 |
| Travel | $42,354 |
| 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 | $1,246 |
| Insurance | $9,045 |
| All other expenses | $0 |
| Total functional expenses | $1,072,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,515 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $252,219 |
| 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 | $8,702 |
| Net Land, buildings, and equipment | $12,038 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $323,474 |
| Accounts payable and accrued expenses | $185,060 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $17,117 |
| 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 | $202,177 |
| Net assets without donor restrictions | $82,743 |
| Net assets with donor restrictions | $38,554 |
| 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 | $323,474 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Marine Ecology And Telemetry Research Seabeck, WA | $628,688 | $1,693,905 |
Northwest Straits Marine Conservation Foundation Bellingham, WA | $633,635 | $1,512,533 |
Bristol Bay Science & Research Institute Dillingham, AK | $1,858,384 | $1,909,071 |
Port Townsend Marine Science Center Port Townsend, WA | $3,639,588 | $1,062,757 |
Pacific Shellfish Institute Olympia, WA | $323,474 | $1,090,515 |
Oceans Initiative Seattle, WA | $340,668 | $1,174,810 |
Center For Whale Research Friday Harbor, WA | $2,848,179 | $790,167 |
Black In Marine Science Spokane, WA | $1,291,987 | $1,725,216 |
Octo Woodinville, WA | $5,997 | $118,213 |
Underwater Admiralty Sciences Puyallup, WA | $3,773 | $0 |
Map The Gaps Seattle, WA | $481,196 | $485,214 |
Meet The Ocean Portland, OR | $11,410 | $0 |