Armstrong-Keta Incorporated
- Assets
- $2.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 29
- Location
- Sitka, AK
- Founding
- 06/1982
- Data as of
- 12/2022
- EIN
- 92-0080665
Organization Overview
Armstrong-Keta Incorporated is located in Sitka, AK. The organization was established in 1982. 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 12/2022, Armstrong-Keta Incorporated employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armstrong-Keta Incorporated 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 12/2022, Armstrong-Keta Incorporated generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. 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
HATCHERY OPERATIONS TO RESEARCH AND PRODUCE SALMON TO ENHANCE THE FISHERIES OF SOUTHEAST ALASKA
Describe the Organization's Program Activity:
Part 3 - Line 4a
HATCHERY OPERATIONS TO RESEARCH AND PRODUCE SALMON TO ENHANCE THE FISHERIES OF SOUTHEAST ALASKA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bart Watson President | OfficerTrustee | $0 | |
Mark Standley Vice Preside | OfficerTrustee | $0 | |
Jim Moore Secretary/tr | OfficerTrustee | $0 | |
Angela Bowers Board Member | Trustee | $0 | |
Jared Bright Board Member | Trustee | $0 | |
Blake Conaway Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $171,043 |
| All other contributions, gifts, grants, and similar amounts not included above | $43 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,086 |
| Total Program Service Revenue | $1,792,312 |
| Investment income | $1,558 |
| 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 | $1,964,956 |
| 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 | $458,065 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $81,036 |
| Payroll taxes | $40,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,325 |
| Fees for services: Accounting | $998 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,960 |
| Advertising and promotion | $0 |
| Office expenses | $22,343 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $262,826 |
| Travel | $30,261 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $647,819 |
| Insurance | $62,953 |
| All other expenses | $0 |
| Total functional expenses | $2,026,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $471,953 |
| Savings and temporary cash investments | $52,991 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,098 |
| 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 | $16,111 |
| Net Land, buildings, and equipment | $1,694,514 |
| Investments—publicly traded securities | $4,146 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,241,813 |
| Accounts payable and accrued expenses | $12,284 |
| 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 | $16,417,829 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,430,113 |
| Net assets without donor restrictions | -$14,188,300 |
| 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 | $2,241,813 |