Cook Inlet Aquaculture Assoc
- Assets
- $9.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 43
- Location
- Kenai, AK
- Founding
- 06/1979
- Data as of
- 06/2022
- EIN
- 92-0063954
Organization Overview
Cook Inlet Aquaculture Assoc is located in Kenai, AK. The organization was established in 1979. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 06/2022, Cook Inlet Aquaculture Assoc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cook Inlet Aquaculture Assoc 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 06/2022, Cook Inlet Aquaculture Assoc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $4.3m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ASSOCIATION IS TO PROVIDE FISHERIES REHABILITATION, ENHANCEMENT, AND DEVELOPMENT ACTIVITIES FOR COOK INLET, ALASKA REGIONAL WATERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAIL LAKES HATCHERY AND FIELD ASSESSMENTS - ACCOUNTS FOR THE ACTIVITIES ASSOCIATED WITH THE ADMINISTRATION AND OPERATION OF THE TRAIL LAKES HATCHERY AND OF THE FISHERY ENHANCEMENT FIELD PROJECTS OF TRAIL LAKES HATCHERY.
TUTKA BAY LAGOON HATCHERY AND FIELD ASSESSMENTS - ACCOUNTS FOR THE ACTIVITIES ASSOCIATED WITH THE ADMINISTRATION AND OPERATION OF THE TUTKA HATCHERY AND OF THE FISHERY ENHANCEMENT FIELD PROJECTS OF TUTKA HATCHERY.
GRANT AND CONTRACT FIELD PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Day Executive Director | Officer | 40 | $105,000 |
Dale Bagley President | OfficerTrustee | 0.2 | $0 |
Malcolm Milne 1st Vice President | OfficerTrustee | 0.2 | $0 |
Emil Nelson 2nd Vice President | OfficerTrustee | 0.2 | $0 |
Jessie Nelson Secretary | OfficerTrustee | 0.2 | $0 |
David Martin Treasurer | OfficerTrustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blazy Construction Building & Renovatio | 6/29/15 | $1,928,837 |
Ac General Contractors Inc Building & Remod. | 6/29/15 | $214,196 |
Hdr Alaska Inc Engineering | 6/29/15 | $279,533 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $198,324 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,986 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,310 |
| Total Program Service Revenue | $1,676,554 |
| Investment income | $2,100 |
| 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 | $2,024,441 |
| 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. | $124,927 |
| Compensation of current officers, directors, key employees. | $124,927 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,209,871 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $275,208 |
| Payroll taxes | $124,296 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,800 |
| Fees for services: Accounting | $44,887 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100,752 |
| Advertising and promotion | $1,492 |
| Office expenses | $95,035 |
| Information technology | $46,431 |
| Royalties | $0 |
| Occupancy | $232,584 |
| Travel | $123,646 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $510,802 |
| Payments to affiliates | $3,918 |
| Depreciation, depletion, and amortization | $572,542 |
| Insurance | $171,366 |
| All other expenses | $30,125 |
| Total functional expenses | $4,260,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$44,697 |
| Savings and temporary cash investments | $813,182 |
| Pledges and grants receivable | $31,872 |
| Accounts receivable, net | $117,345 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $330,423 |
| Prepaid expenses and deferred charges | $136,723 |
| Net Land, buildings, and equipment | $7,687,858 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,072,706 |
| Accounts payable and accrued expenses | $502,979 |
| 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 | $15,481,046 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $359,232 |
| Total liabilities | $16,343,257 |
| Net assets without donor restrictions | -$7,619,677 |
| Net assets with donor restrictions | $349,126 |
| 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 | $9,072,706 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cook Inlet Aquaculture Assoc Kenai, AK | $9,072,706 | $2,024,441 |
Arctic Research Consortium Of The United States Incorporated Fairbanks, AK | $852,918 | $1,872,115 |
Cascadia Research Collective Olympia, WA | $1,350,426 | $1,730,911 |
Sound Experience Port Townsend, WA | $1,519,378 | $891,057 |
Ncw Tech Alliance Wenatchee, WA | $542,967 | $931,171 |
Musk Ox Development Corporation Palmer, AK | $1,849,325 | $825,020 |
Cascadia Cleantech Prize Seattle, WA | $13,903 | $0 |
Skagit Climate Science Consortium Anacortes, WA | $35,240 | $0 |
Washington State Academy Of Sciences Seattle, WA | $107,769 | $0 |
Research And Development Services Of America Neah Bay, WA | $88,398 | $1,387 |
Washington Foundation For Molecular Pharmacology Seattle, WA | $101,208 | $2,922 |
Continuous Path Vashon, WA | $639,829 | $64 |