V Northeast Fishery Sector Inc
- Assets
- $15.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- North Kingstown, RI
- Founding
- 06/2012
- Data as of
- 12/2022
- EIN
- 27-0247381
Organization Overview
V Northeast Fishery Sector Inc is located in North Kingstown, RI. The organization was established in 2012. 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, V Northeast Fishery Sector Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. V Northeast Fishery Sector Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, V Northeast Fishery Sector Inc generated $154.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $150.8k during the year ending 12/2022. While expenses have increased by 15.2% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION ENGAGES IN THE FORMING OF A SECTOR OF FISHERMEN ("MEMBERS") TO RECEIVE ORACCEPT AN AGGREGATE ALLOCATION OF FISHING PRIVILEGES TO BE HARVESTED BY MEMBERS. THE ORGANIZATION ENCOURAGESRESPONSIBLE FISHING METHODS AND PRACTICES TO CONSERVE FISHERY AND OTHER ENVIRONMENTAL RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Salerno Secretary/director | 20 | $17,308 | |
Rodman Sykes President | 2 | $0 | |
Robert Westcott Treasurer | 2 | $0 | |
Howard Follett Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,500 |
| Total Program Service Revenue | $147,650 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $154,150 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,737 |
| Professional fees and other payments to independent contractors | $450 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $371 |
| Other expenses | $125,201 |
| Total expenses | $150,759 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,419 |
| Other assets | $0 |
| Total assets | $15,419 |
| Total liabilities | $1,361 |
| Net assets or fund balances | $14,058 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marthas Vineyard Shellfish Group Inc Oak Bluffs, MA | $929,310 | $430,103 |
Wellfleet Shellfish Promotion And Tasting Inc Wellfleet, MA | $747,160 | $362,675 |
Gb Cod Fixed Gear Sector Inc Chatham, MA | $95,032 | $163,851 |
V Northeast Fishery Sector Inc North Kingstown, RI | $15,419 | $0 |
Ii Northeast Fishery Sector Inc Gloucester, MA | $580,837 | $192,893 |
Gloucester Fishermans Wives Development Programs Inc Gloucester, MA | $131,915 | $0 |
Vi Northeast Fishery Sector Inc Boston, MA | $3,646 | $0 |
Trout Unlimited Wilton, CT | $275,227 | $205,564 |
Viii Northeast Fishery Sector Inc New Bedford, MA | $6,659 | $0 |
Iii Northeast Fishery Sector Inc Gloucester, MA | $45,898 | $0 |
Xiii Northeast Fishery Sector Inc Dartmouth, MA | $342,752 | $0 |
Xii Northeast Fishery Sector Inc Scituate, MA | $42,408 | $76,980 |