Bering Sea Fisheries Research Foundation
- Assets
- $1.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Bothell, WA
- Founding
- 04/2007
- Data as of
- 12/2021
- EIN
- 20-1055264
Organization Overview
Bering Sea Fisheries Research Foundation is located in Bothell, WA. The organization was established in 2007. According to its NTEE Classification (D05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bering Sea Fisheries Research Foundation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Bering Sea Fisheries Research Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 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
TO AID, ENCOURAGE, PROMOTE, AND SUPPORT SCIENTIFIC RESEARCH AND EDUCATION REGARDING THE SHELLFISH AND ANCILLARY FISHERIES OF THE NORTH PACIFIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
BSFRF SUPPORTED A FIELD PROJECT IN THE LATE SPRING OF 2021 IN COLLABORATION WITH NOAA AND ADFG FOR A TANNER/SNOW CRAB GROWTH COLLECTION CHARTER THAT OCCURRED IN LATE MARCH TO EARLY APRIL, 2021. THE CHARTERED VESSEL (F/V HALF MOON BAY) USED A SURVEY TRAWL (BSFRF NEPHROPS TRAWL) TO SAMPLE FOR PRE-MOLT SNOW AND TANNER CRAB AT SELECTED STATIONS IN THE BERING SEA. BOTH BSFRF AND AGENCY SCIENTISTS WERE ONBOARD TO SORT TRAWL CATCHES TO IDENTIFY PRE-MOLT CRABS WHICH WERE LIVE HELD ONBOARD. WHEN SAMPLING WAS COMPLETE, THE VESSEL TRANSPORTED LIVE CRAB BACK TO KODIAK, AK LABORATORY HOLDING FACILITIES. THE GROWTH CHARTER DEPARTED FROM AND RETURNED TO KODIAK.
BSFRF SUPPORTED A SECOND FIELD PROJECT IN THE FALL OF 2021 IN COLLABORATION WITH NOAA AND ADFG FOR A BRISTOL BAY RED KING CRAB TAGGING CHARTER THAT OCCURRED IN OCTOBER TO NOVEMBER, 2021. THE CHARTERED VESSEL (F/V PROVIDER) USED STANDARD CRAB POT FISHING GEAR TO SAMPLE FOR MATURE MALE AND FEMALE RED KING CRAB AT SELECTED STATIONS IN BRISTOL BAY. BOTH BSFRF AND AGENCY SCIENTISTS WERE ONBOARD TO COLLECT, SORT, TAG AND RELEASE CRAB. CRAB SAMPLING AND TAGGING INCLUDED PLACEMENT OF POP UP SATELLITE TAGS ON LIVE CRAB AND THEN RELEASING TAGGED INDIVIDUALS BACK INTO THE SEA. WHEN SAMPLING WAS COMPLETE, THE VESSEL TRANSITED BACK TO KODIAK AK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Wells President, Director | OfficerTrustee | 3 | $0 |
Edward Poulsen Vice President, Director | OfficerTrustee | 2 | $0 |
Lenny Herzog Secretary, Director | OfficerTrustee | 2 | $0 |
Garry Loncon Treasurer, Director | OfficerTrustee | 2 | $0 |
Frank Kelty Vice President, Director | OfficerTrustee | 2 | $0 |
Scott Goodman Executive Director | Officer | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Natural Resources Consultants Inc Research Consultant | 12/30/21 | $306,844 |
P2 Fisheries Llc Survey Vessel Lease | 12/30/21 | $174,850 |
Wildlife Computers Survey Crab Tags | 12/30/21 | $232,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,258,526 |
| Noncash contributions included in lines 1a–1f | $198,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,268,526 |
| Total Program Service Revenue | $0 |
| Investment income | $4,630 |
| 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 | $1,273,156 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,000 |
| Grants and other assistance to domestic individuals. | $1,040 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $829 |
| Fees for services: Accounting | $27,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $460,423 |
| Advertising and promotion | $0 |
| Office expenses | $3,089 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,026 |
| 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 | $7,181 |
| Insurance | $1,179 |
| All other expenses | $0 |
| Total functional expenses | $1,109,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $402,198 |
| Savings and temporary cash investments | $1,489,122 |
| Pledges and grants receivable | $0 |
| 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 | $3,274 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,894,594 |
| Accounts payable and accrued expenses | $201,371 |
| 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 | $201,371 |
| Net assets without donor restrictions | $1,693,223 |
| 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 | $1,894,594 |
Grants Awarded
Over the last fiscal year, Bering Sea Fisheries Research Foundation has awarded $49,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: RESEARCH GRANTS | $32,000 |
Anchorage, AK PURPOSE: RESEARCH GRANTS | $17,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bering Sea Fisheries Research Foundation has recieved totaling $82,473.
| Awarding Organization | Amount |
|---|---|
Coastal Villages Region Fund Anchorage, AK PURPOSE: fisheries research | $82,473 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bering Sea Fisheries Research Foundation Bothell, WA | $1,894,594 | $1,273,156 |
Faunalytics Olympia, WA | $1,016,826 | $839,922 |
Wild Entrust International Sammamish, WA | $483,704 | $305,780 |
Raptor Research Foundation Inc Portland, OR | $681,759 | $238,543 |
Friends Of Washoe Ellensburg, WA | $0 | $106,510 |
Kitizen Science Seattle, WA | $39,915 | $0 |
Darwins Ark Foundation Edmonds, WA | $63,336 | $0 |
Orca Relief Citizens Alliance Friday Harbor, WA | $525 | $0 |
Orang Juga Seattle, WA | $39,189 | $0 |
Kodiak Brown Bear Research And Habitat Maintenance Trust Kodiak, AK | $741,522 | $170,335 |
Pulse Foundation Inc Moscow, ID | $54,684 | $4,500 |