Southern Southeast Regional Aquaculture Association
- Assets
- $27.6m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 88
- Location
- Ketchikan, AK
- Founding
- 07/1978
- Data as of
- 06/2021
- EIN
- 92-0057726
Organization Overview
Southern Southeast Regional Aquaculture Association is located in Ketchikan, AK. The organization was established in 1978. 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 06/2021, Southern Southeast Regional Aquaculture Association employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Southeast Regional Aquaculture Association 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 06/2021, Southern Southeast Regional Aquaculture Association generated $6.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $9.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 6 years. 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
ENHANCE AND REHABILITATE THE SALMON RESOURCES IN SOUTHERN SOUTHEAST ALASKA TO THE OPTIMUM POSSIBLE ECONOMIC AND SOCIAL BENEFIT OF ALL RESOURCE USERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. CHUM - SSRAA PROGRAMS ARE ESTABLISHED TO ENHANCE AND REHABILITATE SALMON PRODUCTION IN SOUTHERN SOUTHEAST ALASKA TO THE OPTIMUM SOCIAL AND ECONOMIC BENEFIT OF SALMON USERS. THE EXPENDITURES RELATED TO PRODUCING RETURNING ADULT SALMON IS ACCOMPLISHED THROUGH OPERATION OF SEVEN HATCHERIES AND SIX REMOTE RELEASE SITES. THE SOUTHEAST ALASKA COMMERCIAL SALMON FLEETS ARE THE LARGEST BENEFACTORS CATCHING SSRAA SALMON. IN 2021 THERE WERE 280 SE SEINE PERMIT HOLDERS, 473 SE DRIFT GILLNET PERMIT HOLDERS, 910 STATE HAND TROLL PERMIT HOLDERS, AND 959 STATE POWER TROLL PERMIT HOLDERS. EACH OF THESE FISHERMEN IS AN INDEPENDENT SMALL BUSINESS. IN ADDITION TO THE COMMERCIAL FLEETS THERE ARE SEVERAL HUNDRED COMMERCIAL SPORT CHARTER BUSINESSES, NON-GUIDED RESIDENT SPORT FISHERMEN, PERSONAL USE FISHERMAN, AND SUBSISTENCE FISHERMAN BENEFITING FROM SSRAA SALMON RETURNS. THE 2021 SSRAA CHUM FRY RELEASE WAS 189.89 MILLION.FROM THE RELEASES OF SSRAA CHUM FRY RETURNING AS ADULTS THE CHUM SALMON PROGRAM GENERATED $2,523,053 IN EXVESSEL VALUE TO THE COMMERCIAL FLEET IN 2020. THE WHOLESALE VALUE TO REGIONAL COMMUNITIES IS APPROXIMATELY TWICE THAT AMOUNT.
2. CHINOOK - SSRAA PROGRAMS ARE ESTABLISHED TO ENHANCE AND REHABILITATE SALMON PRODUCTION IN SOUTHERN SOUTHEAST ALASKA TO THE OPTIMUM SOCIAL AND ECONOMIC BENEFIT OF SALMON USERS. THE EXPENDITURES RELATED TO PRODUCING RETURNING ADULT SALMON IS ACCOMPLISHED THROUGH OPERATION OF SEVEN HATCHERIES AND SIX REMOTE RELEASE SITES. THE SOUTHEAST ALASKA COMMERCIAL SALMON FLEETS ARE THE LARGEST BENEFACTORS CATCHING SSRAA SALMON. IN 2021 THERE WERE 280 SE SEINE PERMIT HOLDERS, 473 SE DRIFT GILLNET PERMIT HOLDERS, 910 STATE HAND TROLL PERMIT HOLDERS, AND 959 STATE POWER TROLL PERMIT HOLDERS. EACH OF THESE FISHERMEN IS AN INDEPENDENT SMALL BUSINESS. IN ADDITION TO THE COMMERCIAL FLEETS THERE ARE SEVERAL HUNDRED COMMERCIAL SPORT CHARTER BUSINESSES, NON-GUIDED RESIDENT SPORT FISHERMEN, PERSONAL USE FISHERMAN, AND SUBSISTENCE FISHERMAN BENEFITING FROM SSRAA SALMON RETURNS. THE 2021 SSRAA CHINOOK SMOLT RELEASE WAS 2.68 MILLION.FROM THE RELEASES OF SSRAA CHINOOK SMOLTS RETURNING AS ADULTS THE CHINOOK SALMON PROGRAM GENERATED $1,312,790 IN EXVESSEL VALUE TO THE COMMERCIAL FLEET IN 2020. THE WHOLESALE VALUE TO REGIONAL COMMUNITIES IS APPROXIMATELY TWICE THAT AMOUNT. SSRAA CHINOOK RETURNS ALSO HAVE A STRONG POSITIVE IMPACT ON LOCAL SPORT, PERSONAL USE, AND SUBSISTANCE OPPORTUNITY.
3. COHO - SSRAA PROGRAMS ARE ESTABLISHED TO ENHANCE AND REHABILITATE SALMON PRODUCTION IN SOUTHERN SOUTHEAST ALASKA TO THE OPTIMUM SOCIAL AND ECONOMIC BENEFIT OF SALMON USERS. THE EXPENDITURES RELATED TO PRODUCING RETURNING ADULT SALMON IS ACCOMPLISHED THROUGH OPERATION OF SEVEN HATCHERIES AND SIX REMOTE RELEASE SITES. THE SOUTHEAST ALASKA COMMERCIAL SALMON FLEETS ARE THE LARGEST BENEFACTORS CATCHING SSRAA SALMON. IN 2020 THERE WERE 277 SE SEINE PERMIT HOLDERS, 472 SE DRIFT GILLNET PERMIT HOLDERS, 910 STATE HAND TROLL PERMIT HOLDERS, AND 959 STATE POWER TROLL PERMIT HOLDERS. EACH OF THESE FISHERMEN IS AN INDEPENDENT SMALL BUSINESS. IN ADDITION TO THE COMMERCIAL FLEETS THERE ARE SEVERAL HUNDRED COMMERCIAL SPORT CHARTER BUSINESSES, NON-GUIDED RESIDENT SPORT FISHERMEN, PERSONAL USE FISHERMAN, AND SUBSISTENCE FISHERMAN BENEFITING FROM SSRAA SALMON RETURNS. THE 2021 SSRAA COHO SMOLT RELEASE WAS 11.77 MILLION.FROM THE RELEASES OF SSRAA COHO SMOLTS RETURNING AS ADULTS THE COHO SALMON PROGRAM GENERATED $1,278,513 IN EXVESSEL VALUE TO THE COMMERCIAL FLEET IN 2020. THE WHOLESALE VALUE TO REGIONAL COMMUNITIES IS APPROXIMATELY TWICE THAT AMOUNT. SSRAA COHO RETURNS ALSO HAVE A STRONG POSITIVE IMPACT ON LOCAL SPORT, PERSONAL USE, AND SUBSISTANCE OPPORTUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Landis General Manager | Officer | 40 | $134,598 |
Leif Dobszinsky Board President | OfficerTrustee | 1 | $2,136 |
Sandy Souter Board Director | Trustee | 1 | $1,738 |
Paul Cyr Board Treasurer | OfficerTrustee | 1 | $1,700 |
Garret Vincentz Board Director | Trustee | 1 | $1,300 |
Brian Warmuth Board Vice President | OfficerTrustee | 1 | $1,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seven Seas Fisheries Llc Transport | 6/29/19 | $158,500 |
Todd Ranniger Transport | 6/29/19 | $138,000 |
Cowan Towing Transport | 6/29/19 | $113,244 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,044,248 |
| All other contributions, gifts, grants, and similar amounts not included above | $257,875 |
| Noncash contributions included in lines 1a–1f | $7,875 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,302,123 |
| Total Program Service Revenue | $2,384,141 |
| Investment income | $4,929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,565,006 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$31,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,050,506 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,056,366 |
| Pension plan accruals and contributions | $132,076 |
| Other employee benefits | $966,339 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $103,219 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $236,229 |
| Travel | $49,353 |
| 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 | $1,010,623 |
| Insurance | $188,364 |
| All other expenses | $334,065 |
| Total functional expenses | $9,324,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,849,910 |
| Savings and temporary cash investments | $447,243 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $242,237 |
| 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 | $169,943 |
| Net Land, buildings, and equipment | $15,940,260 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,649,593 |
| Accounts payable and accrued expenses | $864,207 |
| 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 | $17,215,563 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,079,770 |
| Net assets without donor restrictions | $9,569,823 |
| 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 | $27,649,593 |
Grants Awarded
Over the last fiscal year, Southern Southeast Regional Aquaculture Association has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Ketchikan, AK PURPOSE: Advocacy | $50,000 |
Sitka, AK PURPOSE: Wild/Hatchery Straying Study | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southern Southeast Regional Aquaculture Association has recieved totaling $2,100,000.
| Awarding Organization | Amount |
|---|---|
Douglas Island Pink And Chum Incorporated Juneau, AK PURPOSE: COMMON PROP FISHERIE | $2,100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prince William Sound Aquaculture Corp Cordova, AK | $42,358,875 | $20,698,778 |
International Pacific Halibut Commission Seattle, WA | $4,799,211 | $12,243,404 |
Northern Southeast Regional Aquaculture Association Inc Sitka, AK | $30,334,736 | $8,155,106 |
Southern Southeast Regional Aquaculture Association Ketchikan, AK | $27,649,593 | $6,050,506 |
Douglas Island Pink And Chum Incorporated Juneau, AK | $32,527,858 | $5,618,672 |
Kodiak Regional Aquaculture Kodiak, AK | $25,958,507 | $7,975,683 |
Valdez Fisheries Development Assoc Valdez, AK | $16,996,317 | $5,681,425 |
Hood Canal Slmon Enhancement Group Belfair, WA | $9,920,019 | $3,797,812 |
Qweti Neah Bay, WA | $367,312 | $27,000 |
Armstrong-Keta Incorporated Sitka, AK | $2,601,438 | $533,461 |
Long Live The Kings Seattle, WA | $1,927,571 | $2,809,391 |
Wild Fish Conservancy Duvall, WA | $567,213 | $2,096,581 |