Northern Southeast Regional Aquaculture Association Inc

Organization Overview

Northern Southeast Regional Aquaculture Association Inc is located in Sitka, AK. The organization was established in 1977. 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, Northern Southeast Regional Aquaculture Association Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Southeast Regional Aquaculture Association Inc 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, Northern Southeast Regional Aquaculture Association Inc generated $8.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $9.4m during the year ending 06/2021. While expenses have increased by 2.4% 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.

Since 2015, Northern Southeast Regional Aquaculture Association Inc has awarded 24 individual grants totaling $2,394,200. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST IN THE RESTORATION AND REHABILIATION OF ALASKA'S SALMON STOCKS, AND TO SUPPLEMENT THE FISHERIES OF ALASKA BY UTILIZING ARTIFICAL PROPAGATION TO ENHANCE THE AVAILABILITY OF SALMON TO ALL COMMON PROPERTY USERS, WITHOUT ADVERSELY AFFECTING WILD SALMON STOCKS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TOTAL EXPENSES OF NSRAA ARE DIRECTED TOWARD PRODUCING SALMON FRY AND SMOLT AT FOUR FACILITIES (MEDVEJIE, HIDDEN FALLS, GUNNUK CREEK & SMC HATCHERIES), AND ONE LAKE STOCKING PROGRAM AT DEER LAKE. THE PRODUCTION OF SALMON FRY AND SMOLT ARE RELEASED TO THE OCEAN ANNUALLY, AND RETURN IN TWO TO FOUR YEARS TIME, DURING WHICH THE FISH ARE A PUBLIC RESOURCE AND BELONG TO THE CITIZENS OF THE STATE OF ALASKA. THE PURPOSE OF RAISING AND RELEASING SALMON IS TO INCREASE THE COMMON PROPERTY CATCH AND VALUE IN SALMON FISHERIES THROUGHOUT SOUTHEAST ALASKA. NSRAA PRODUCES AND RELEASES APPROXIMATELY 250 MILLION CHUM SALMON FRY, 7.5 MILLION COHO SMOLT, AND 3.4 MILLION CHINOOK SMOLT ANNUALLY. THE VALUE TO COMMERCIAL AND SPORTS FISHERIES IS GENERALLY IN EXCESS OF 10 MILLION EACH YEAR. IN 2020, NSRAA VALUE TO COMMERCIAL FISHERIES WAS 6.75 MILLION.


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Board, Officers & Key Employees

Name (title)Compensation
Steven Reifenstuhl
Past General
$145,536
Scott Wagner
General Mana
$142,018
Robert Blair
Data Analyst
$115,171
Ilona Mayo
Office Manag
$67,315
Justin Peeler
Board Presid
$0
William Prisciandaro
Board Vice P
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bl Terry Llc
Towing/freight
$176,441
Oceanside Excavation
Construction
$125,513
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,475,908
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$3,475,908
Total Program Service Revenue$41,794
Investment income $121,514
Tax Exempt Bond Proceeds $0
Royalties $4,321,425
Net Rental Income $28,020
Net Gain/Loss on Asset Sales $160,787
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,155,106

Grants Awarded

Over the last fiscal year, Northern Southeast Regional Aquaculture Association Inc has awarded $230,000 in support to 2 organizations.

Grant RecipientAmount

SITKA SOUND SCIENCE CENTER

Org PageRecipient Profile

Sitka, AK

PURPOSE: SALMON PRODUCTION

$180,000

STATE OF ALASKA - DEPARTMENT OFFISH AND GAME

PURPOSE: HATCHERY WILD RESEAR

$50,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Northern Southeast Regional Aquaculture Association Inc has recieved totaling $100,000.

Awarding OrganizationAmount
Douglas Island Pink And Chum Incorporated

Juneau, AK

PURPOSE: PAC. SALMON TREATY

$50,000
Douglas Island Pink And Chum Incorporated

Juneau, AK

PURPOSE: PAC. SALMON TREATY

$50,000
View Grant Recipient Profile

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