Northwest Straits Marine Conservation Foundation
- Assets
- $633.6k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Bellingham, WA
- Founding
- 09/2002
- Data as of
- 09/2023
- EIN
- 91-2147136
Organization Overview
Northwest Straits Marine Conservation Foundation is located in Bellingham, WA. The organization was established in 2002. 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 09/2023, Northwest Straits Marine Conservation Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Straits Marine Conservation Foundation 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 09/2023, Northwest Straits Marine Conservation Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.6m during the year ending 09/2023. While expenses have increased by 3.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT AND RESTORE THE HEALTH OF THE MARINE ECOSYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DERELICT CRAB POT REMOVAL AND OUTREACH IN WASHINGTON'S SALISH SEA.
NEARSHORE RESTORATION PROGRAM. PROTECT AND RESTORE NEARSHORE/MARINE HABITATS BY REMOVING OUTDATED SHORELINE ARMORING AND PLANTING NATIVE VEGETATIONS.
MONITOR RESTORED BEACHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Whitford Vice President | OfficerTrustee | 2 | $0 |
Phil Salditt Treasurer | OfficerTrustee | 2 | $0 |
Rachel Benbrook Board Member | Trustee | 2 | $0 |
Jerry Masters President | OfficerTrustee | 2 | $0 |
Clay Walton-House Board Member | Trustee | 1 | $0 |
Duane Fagergren Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quilceda Excavation Inc Restoration Work | 6/29/21 | $704,463 |
Natural Resources Consultants Remove Derelict Fishing Nets And Crab Po | 6/29/21 | $197,143 |
Blue Coast Engineering Restoration Work | 6/29/21 | $147,967 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,507,199 |
| 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 | $1,507,199 |
| Total Program Service Revenue | $3,385 |
| Investment income | $1,949 |
| 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 | $1,512,533 |
| 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. | $125,034 |
| Compensation of current officers, directors, key employees. | $48,845 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $333,717 |
| Pension plan accruals and contributions | $9,779 |
| Other employee benefits | $33,705 |
| Payroll taxes | $39,031 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $880,737 |
| Advertising and promotion | $17,779 |
| Office expenses | $27,269 |
| Information technology | $17,417 |
| Royalties | $0 |
| Occupancy | $12,104 |
| Travel | $16,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,820 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,745 |
| All other expenses | $0 |
| Total functional expenses | $1,578,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,313 |
| Savings and temporary cash investments | $322,019 |
| Pledges and grants receivable | $212,718 |
| 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 | $585 |
| 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 | $633,635 |
| Accounts payable and accrued expenses | $141,336 |
| Grants payable | $0 |
| Deferred revenue | $169,602 |
| 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 | $310,938 |
| Net assets without donor restrictions | $149,410 |
| Net assets with donor restrictions | $173,287 |
| 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 | $633,635 |
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 |