Bering Sea Fishermens Association
- Assets
- $1.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Anchorage, AK
- Founding
- 02/2000
- Data as of
- 06/2023
- EIN
- 92-0074000
Organization Overview
Bering Sea Fishermens Association is located in Anchorage, AK. The organization was established in 2000. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Bering Sea Fishermens Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bering Sea Fishermens 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 06/2023, Bering Sea Fishermens Association generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. 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
WESTERN ALASKA FISHERIES SUPPORT AND RESTORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUSTAINABLE SALMON INITIATIVE - IMPLEMENTATION OF THE CHINOOK SALMON ACTION PLAN FOR THE ARCTIC-YUKON-KUSKOKWIM AREAS OF ALASKA BY IDENTIFYING KEY DRIVERS OF DECLINE IN FRESHWATER AND MARINE HABITATS THROUGH A CONCENTRATED CHINOOK SALMON FOCUSED RESEARCH AND RESTORATION PROGRAM.
ALASKA OCEAN CLUSTER: ACCOUNTS FOR ACTIVITIES TO PROMOTE AND ENHANCE MARITIME INDUSTRY GROWTH AND PROSPERITY IN ALASKA. TOTAL EXPENSES = 144,833 SALMON RESTORATION AND RESEARCH: THE U.S. FISH AND WILDLIFE (USFWS) PROVIDES FUNDING FOR COOPERATION BETWEEN THE ASSOCIATION AND THE USFWS IN MANAGING FISH MONITORING PROJECTS TO COOPERATIVELY SUPPORT SALMON RESEARCH AND RESTORATION NEEDS IN WESTERN ALASKA. TOTAL EXPENSES = 105,639
ARCTIC-YUKON-KUSKOKWIM TRIBAL CONSORTIUM: TO SUPPORT AND ACT AS THE FISCAL SPONSOR FOR THE CONSORTIUM WHICH CONSISTS OF 118 TRIBES WORKING TOGETHER TO BRING ABOUT LASTING CHANGE TO THE RIVER-TO-SEA MANAGEMENT SYSTEMS GOVERNING THEIR SUBSISTENCE RESOURCES.
NORTHERN BERING SEA RESILIENCE- THE PROGRAM PROVIDES A CRITICAL PATHWAY FOR THE TRIBES IN THE REGION TO EXERCISE SELF-DETERMINATION AND PROVIDES AN OPPORTUNITY TO BE EQUAL CONTRIBUTORS ON POLICY DECISIONS FACING THE NORTHERN BERING SEA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Gillis Executive Di | Officer | 40 | $122,439 |
Steve Ivanoff Board Chair | OfficerTrustee | 1 | $0 |
Karen Hadley Secretary/tr | OfficerTrustee | 1 | $0 |
Moses Toyukok Director | Trustee | 1 | $0 |
Frank Logusak Director | Trustee | 1 | $0 |
Tom Tilden Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joseph J Spaeder Project Expense | 6/29/20 | $165,900 |
Essa Technologies Ltd Enviorn Consult | 6/29/20 | $213,814 |
University Of Washington Project Expense | 6/29/20 | $130,575 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $700,234 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,327,699 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,027,933 |
| Total Program Service Revenue | $10,320 |
| Investment income | $3,328 |
| 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 | $2,041,591 |
| 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. | $100,034 |
| Compensation of current officers, directors, key employees. | $2,238 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $274,584 |
| Pension plan accruals and contributions | $2,701 |
| Other employee benefits | $1,171 |
| Payroll taxes | $28,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,510 |
| Fees for services: Accounting | $15,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $827,531 |
| Advertising and promotion | $3,937 |
| Office expenses | $26,210 |
| Information technology | $9,022 |
| Royalties | $0 |
| Occupancy | $49,284 |
| Travel | $218,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,979 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $397 |
| Insurance | $425 |
| All other expenses | $0 |
| Total functional expenses | $1,624,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,202,703 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $289,143 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,550 |
| Total assets | $1,494,396 |
| Accounts payable and accrued expenses | $271,053 |
| 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 | $22,915 |
| Total liabilities | $293,968 |
| Net assets without donor restrictions | $225,043 |
| Net assets with donor restrictions | $975,385 |
| 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 | $1,494,396 |