International Seafood Sustainability Foundation
- Assets
- $1.5m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/2009
- Data as of
- 12/2020
- EIN
- 26-3646127
Organization Overview
International Seafood Sustainability Foundation is located in Washington, DC. The organization was established in 2009. According to its NTEE Classification (D30) the organization is classified as: Wildlife Preservation & Protection, 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. International Seafood Sustainability Foundation 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 12/2020, International Seafood Sustainability Foundation generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE INTERNATIONAL SEAFOOD SUSTAINABILITY FOUNDATION (ISSF)'S MISSION IS TO UNDERTAKE SCIENCE-BASED INITIATIVES FOR THE LONG-TERM CONSERVATION AND SUSTAINABLE USE OF TUNA STOCK, REDUCING BY-CATCH AND PROMOTING ECOSYSTEM HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENCE - ISSF IS COMMITTED TO IMPROVING THE SUSTAINABILITY OF GLOBAL TUNA STOCKS BY DEVELOPING AND IMPLEMENTING VERIFIABLE SCIENCE-BASED PRACTICES. THE MAIN AREAS OF FOCUS ARE TUNA CONSERVATION, BY-CATCH MITIGATION, ILLEGAL FISHING, AND CAPACITY MANAGEMENT. GUIDANCE FOR RESEARCH PRIORITIES AND PUBLISHED TECHNICAL PAPERS ARE PROVIDED BY ISSF'S SCIENTIFIC ADVISORY COMMITTEE, WHICH IS COMPRISED OF THE WORLD'S LEADING MARINE AND FISHERIES SCIENTISTS. THIS COMMITTEE PROVIDES REFERENCE MATERIAL FOR THE BOARD OF DIRECTORS TO CONSIDER PRIOR TO TAKING ACTION ON SUSTAINABILITY EFFORTS.
POLICY, OUTREACH & ADVOCACY - ISSF WORKS COLLABORATIVELY WITH ENVIRONMENTAL NGO'S TO PROMOTE AWARENESS AND ADOPTION OF SCIENCE-BASED APPROACHES TO TUNA STOCK SUSTAINABILITY PRACTICES. ISSF ALSO ADVOCATES TO REGIONAL FISHERIES MANAGEMENT ORGANIZATIONS (RFMO'S), WHICH ARE INTERNATIONAL BODIES COMPRISED OF COUNTRIES THAT HAVE INTERESTS IN MANAGING AND CONSERVING FISH STOCKS IN A PARTICULAR REGION, TO ADOPT AND IMPLEMENT SCIENCE-BASED MEASURES TO SUSTAINABLY MANAGE TUNA STOCKS. IN ADDITION, ISSF WORKS WITH TUNA FISHING FLEETS TO BUILD A GREATER COMMITMENT AMONG FLEET OWNERS TO SCIENCE-BASED SUSTAINABLE PRACTICES.
GLOBAL TUNA FLEET TRANSPARENCY & COMPLIANCE - ISSF ADOPTS CONSERVATION MEASURES FOR TUNA PROCESSORS, TRADERS, IMPORTERS, TRANSPORTERS AND OTHERS IN THE SEAFOOD INDUSTRY. ISSF ENGAGES IN VARIOUS EFFORTS SEEKS TO ENSURE COMPLIANCE WITH ITS CONSERVATION MEASURES BY COMPANIES THAT AGREE TO ADHERE TO THEM, AND PROMOTE TRANSPARENCY AND ACCOUNTABILITY REGARDING THEIR COMPLIANCE, INCLUDING: (1) ENGAGING AN INDEPENDENT THIRD-PARTY AUDITOR TO ANNUALLY AUDIT PARTICIPATING COMPANIES' COMPLIANCE WITH ISSF CONSERVATION MEASURES, AND PUBLISHING THE AUDITOR'S REPORTS ON EACH COMPANY; (2) ISSUING AN ANNUAL CONSERVATION REPORT TRACKING PARTICIPATING COMPANIES' COMPLIANCE; (3) MAINTAINING THE PROACTIVE VESSEL REGISTER (PVR), FOR TUNA VESSEL OWNERS TO IDENTIFY THEMSELVES AS PARTICIPATING IN SUSTAINABILITY EFFORTS, AS VERIFIED BY ANNUAL THIRD PARTY AUDITS, TO PROVIDE THE CREDIBLE INFORMATION STAKEHOLDERS SEEK TO INFORM THEIR PROGRAM AND PROCUREMENT DECISIONS; AND (4) PROVIDING A MEANS TO REPORT ON A COMPANY'S COMPLIANCE WITH ISSF CONSERVATION MEASURES.
COMMUNICATION/EDUCATION - ISSF COMMUNICATES THE MISSION, OBJECTIVES, AND APPROACH OF ISSF TO THE SEAFOOD INDUSTRY AND THE GENERAL PUBLIC, TO PROMOTE AWARENESS OF AND SUPPORT FOR ITS MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Fox Former Director, Former Vice Chair | OfficerTrustee | 1 | $0 |
John Connelly Director & Secretary/treas | OfficerTrustee | 1 | $0 |
Susan Jackson Director/president | OfficerTrustee | 30 | $0 |
Luciano Pirovano Director/chair | OfficerTrustee | 1 | $0 |
Patrick Moody Assistant Treasurer/vp Fin | Officer | 30 | $0 |
Holly Koehler VP Policy & Outreach | Officer | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gala Moreno Science Consultant | 12/30/20 | $140,595 |
Sheppard Mullin Richter & Hampton Llp Legal Services | 12/30/20 | $219,793 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,310,000 |
| Fundraising events | $0 |
| Related organizations | $1,978,897 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $980,087 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,268,984 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $4,363,726 |
| 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. | $1,413,894 |
| Compensation of current officers, directors, key employees. | $283,790 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $240,241 |
| Pension plan accruals and contributions | $68,427 |
| Other employee benefits | $141,908 |
| Payroll taxes | $106,448 |
| Fees for services: Management | $24,808 |
| Fees for services: Legal | $205,949 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,170,083 |
| Advertising and promotion | $99,000 |
| Office expenses | $20,122 |
| Information technology | $266,679 |
| Royalties | $0 |
| Occupancy | $13,309 |
| Travel | $39,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $750 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,937 |
| Insurance | $12,688 |
| All other expenses | $4,615 |
| Total functional expenses | $3,845,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,012,078 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $228,708 |
| Accounts receivable, net | $4,705 |
| 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 | $20,115 |
| Net Land, buildings, and equipment | $2,664 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $198,977 |
| Other assets | $1,271 |
| Total assets | $1,468,518 |
| Accounts payable and accrued expenses | $179,179 |
| Grants payable | $0 |
| Deferred revenue | $73,750 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $105,165 |
| 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 | $142,024 |
| Total liabilities | $500,118 |
| Net assets without donor restrictions | $739,692 |
| Net assets with donor restrictions | $228,708 |
| 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 | $1,468,518 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that International Seafood Sustainability Foundation has recieved totaling $220,000.
| Awarding Organization | Amount |
|---|---|
David And Lucile Packard Foundation Los Altos, CA PURPOSE: CONSERVATION AND SCIENCE | $200,000 |
The Kingfisher Foundation San Francisco, CA PURPOSE: GENERAL SUPPORT | $20,000 |
Endowment Analysis
| Beg. Balance | $722,826 |
| Net Contributions | $2,413,549 |
| Other Expense | $174,001 |
| Ending Balance | $2,962,374 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frankfurt Zoological Society Us Inc Washington, DC | $4,642,427 | $10,080,783 |
Theodore Roosevelt Conservation Partnership Inc Washington, DC | $6,861,386 | $7,861,411 |
Green America Washington, DC | $18,482,035 | $8,579,763 |
International Seafood Sustainability Foundation Washington, DC | $1,468,518 | $4,363,726 |
Wildlife Habitat Council Inc Bethesda, MD | $2,014,255 | $2,653,966 |
Beneath The Waves Inc Herndon, VA | $484,556 | $1,995,768 |
Eco Activists For Governance And Law Enforcement Fairfax, VA | $79,961 | $1,255,896 |
Catmosphere Foundation Inc Sterling, VA | $317,855 | $250,000 |
Wildlife Guardians Washington, DC | $5,001,495 | $1,206,382 |
Virginia Hunters Who Care Inc Big Island, VA | $563,516 | $662,231 |
Center For Conservation Peacebuilding Washington, DC | $672,653 | $588,480 |
Centre For Wildlife Studies Inc Bethesda, MD | $686,059 | $1,031,847 |