Alaska Fisheries Development Foundation Inc
- Assets
- $485.7k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Wrangell, AK
- Founding
- 09/1979
- Data as of
- 09/2021
- EIN
- 92-0068881
Organization Overview
Alaska Fisheries Development Foundation Inc is located in Wrangell, AK. The organization was established in 1979. According to its NTEE Classification (D02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Animal-Related and related organizations. As of 09/2021, Alaska Fisheries Development Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Fisheries Development Foundation 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 09/2021, Alaska Fisheries Development Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.0m during the year ending 09/2021. While expenses have increased by 8.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ALASKA FISHERIES DEVELOPMENT FOUNDATION IS A 501(C)(3) PRIVATE, NONPROFIT FOUNDATION DEDICATED TO IDENTIFYING PROBLEMS COMMON TO THE ALASKA SEAFOOD INDUSTRY AND TO DEVELOP EFFICIENT, SUSTAINABLE OUTCOMES THAT PROVIDE BENEFITS TO THE ECONOMY, ENVIRONMENT AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARPA_E II (SEAWEED PROJECTS): IMPROVING EFFICIENCIES IN GROWING AND HARVESTING SEAWEED.
ALASKA MARICULTURE INITIATIVE - PHASE II. THE VISION OF THE AMI IS TO GROW A 1 BILLION INDUSTRY IN 30 YEARS. A FULLY DEVELOPED MARICULTURE INDUSTRY IN ALASKA WOULD PROVIDE NUMEROUS BENEFITS: ECONOMIC, ENVIRONMENTAL, COMMUNITY , INDUSTRY FOOD SECURITY, AND SUSTAINABILITY BENEFITS. AFDF IS CURRENTLY WORKING WITH A GROUP OF STAKEHOLDERS ON THE MARICULTURE TASK FORCE TO CRAFT A COMPREHENSIVE PLAN TO DEVELOP THE MARICULTURE INDUSTRY IN ALASKA.
MSC AND RFM CERTIFICATION OF ALASKA COD: AFDF IS THE CLIENT FOR THE RFM CERTIFICATION OF THE ALASKA COD FISHERIES. THE ALASKA RFM PROGRAM IS OWNED BY THE ALASKA SEAFOOD MARKETING INSTITUTE (ASMI). THE RFM CERTIFICATION OF SUSTAINABILITY ALLOWS ACCESS AND CHOICE TO VARIOUS MARKETS FOR SELLING PRODUCTS FROM THESE FISHERIES.
ALL OTHER PROGRAMS, INCLUDING SALMON FISHERIES CERTIFICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Decker Executive Di | Officer | 40 | $84,150 |
Mark Scheer President/vp | OfficerTrustee | 1 | $0 |
Trevor Sande Treasurer | OfficerTrustee | 1 | $0 |
Tommy Sheridan Vp/secretary | OfficerTrustee | 1 | $0 |
Jan Jacobs President | OfficerTrustee | 1 | $0 |
Chris Mierzejek Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $27,272 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $832,435 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,690 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $993,397 |
| Total Program Service Revenue | $134,591 |
| Investment income | $9 |
| 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 | $1,127,997 |
| 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. | $88,925 |
| Compensation of current officers, directors, key employees. | $32,902 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,429 |
| Pension plan accruals and contributions | $3,952 |
| Other employee benefits | $0 |
| Payroll taxes | $24,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $482,500 |
| Advertising and promotion | $13,947 |
| Office expenses | $149,186 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,904 |
| Travel | $17,487 |
| 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 | $0 |
| Insurance | $9,843 |
| All other expenses | $87,895 |
| Total functional expenses | $1,025,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,501 |
| Savings and temporary cash investments | $322,116 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,705 |
| 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 | $7,422 |
| 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 | $485,744 |
| Accounts payable and accrued expenses | $113,667 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $113,667 |
| Net assets without donor restrictions | $372,077 |
| 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 | $485,744 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Alaska Fisheries Development Foundation Inc has recieved totaling $30,005.
| Awarding Organization | Amount |
|---|---|
Bristol Bay Regional Seafood Development Association Anchorage, AK PURPOSE: EXPANSION PROJECT FOR SYMPHONY OF SEAFOODS | $30,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Humane Society Portland, OR | $103,747,214 | $24,056,728 |
Seattle Aquarium Society-Seas Seattle, WA | $62,591,830 | $40,153,392 |
Prince William Sound Aquaculture Corp Cordova, AK | $42,358,875 | $20,698,778 |
Humane Society For Seattle-King Co Bellevue, WA | $53,393,761 | $11,522,855 |
International Pacific Halibut Commission Seattle, WA | $4,799,211 | $12,243,404 |
Oregon Coast Aquarium Inc Newport, OR | $48,052,002 | $16,429,682 |
Emerald City Pet Rescue Seattle, WA | $2,944,249 | $9,422,512 |
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 |
Peregrine Fund Inc Boise, ID | $27,550,309 | $10,525,459 |
The Freshwater Trust Portland, OR | $7,203,840 | $12,158,372 |
Seward Association For The Advancement Of Marine Science Seward, AK | $42,099,070 | $9,855,278 |