Sustainable Harvest Sector
- Assets
- $567.5k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 1
- Location
- Somersworth, NH
- Founding
- 05/2009
- Data as of
- 12/2023
- EIN
- 26-0810365
Organization Overview
Sustainable Harvest Sector is located in Somersworth, NH. The organization was established in 2009. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sustainable Harvest Sector is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, Sustainable Harvest Sector generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 26.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE AND MAINTAIN COMMERCIAL FISHERIES BY PROVIDING INFORMATION AND SUPPORT TO FISHERMEN IN A COOPERATIVE MANNER IN ORDER TO ALLOCATE ALLOWABLE CATCH OF MULTISPECIES ON AN ANNUAL BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ACCURATELY MONITORED AND ALLOCATED CATCH DATA FOR ITS MEMBERSHIP AND THE US GOVERNMENT IN ORDER TO SUSTAIN AND ENHANCE COMMERCIAL FISHERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tory Bramante Director | Trustee | 1 | $0 |
David Osier Jr Director | Trustee | 1 | $0 |
Chip Wilson Director | Trustee | 1 | $0 |
Ian Mayo Director | Trustee | 1 | $0 |
Frank Patania President | Officer | 2 | $0 |
Maggie Raymond Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,500 |
| Total Program Service Revenue | $1,791,339 |
| Investment income | $8,945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$26,439 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,789,270 |
| 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 | $1,651,753 |
| Compensation of current officers, directors, key employees. | $97,000 |
| 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 | $5,408 |
| Payroll taxes | $7,796 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,180 |
| Fees for services: Accounting | $1,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,900 |
| Advertising and promotion | $500 |
| Office expenses | $6,932 |
| Information technology | $3,356 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,266 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,578 |
| All other expenses | $0 |
| Total functional expenses | $1,819,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,355 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $284,175 |
| 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 | $0 |
| Total assets | $567,530 |
| Accounts payable and accrued expenses | $50,496 |
| 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 | $181,840 |
| Total liabilities | $232,336 |
| Net assets without donor restrictions | $0 |
| 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 | $335,194 |
| Total liabilities and net assets/fund balances | $567,530 |