Alaska Sustainable Fisheries Trust Inc
- Assets
- $2.7m
- Revenue
- $438.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Sitka, AK
- Founding
- 09/2012
- Data as of
- 12/2021
- EIN
- 27-0594449
Organization Overview
Alaska Sustainable Fisheries Trust Inc is located in Sitka, AK. The organization was established in 2012. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2021, Alaska Sustainable Fisheries Trust Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Sustainable Fisheries Trust Inc 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 12/2021, Alaska Sustainable Fisheries Trust Inc generated $438.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $390.0k during the year ending 12/2021. While expenses have increased by 18.0% 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
CREATE A FISHERIES CONSERVATION NETWORK
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO STRENGTHEN THE HEALTH OF ALASKA FISHING COMMUNITIES AND MARINE RESOURCES BY INVESTING IN SUSTAINABLE HARVESTING PRACTICES AND MARKETING
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Indreland Treasurer | OfficerTrustee | $0 | |
Linda Behnken President | OfficerTrustee | $0 | |
Dan Falvey Vp/secretary | OfficerTrustee | $0 | |
Karen Johnson Director | Trustee | $0 | |
Tad Fujioka Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $309,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,645 |
| Total Program Service Revenue | $28,396 |
| Investment income | $84,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,469 |
| 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 | $438,137 |
| 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 | $92,661 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,102 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,342 |
| Fees for services: Accounting | $14,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,581 |
| Advertising and promotion | $0 |
| Office expenses | $2,419 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,578 |
| Travel | $1,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,053 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,789 |
| All other expenses | $0 |
| Total functional expenses | $389,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $470,502 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $32,284 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,372,304 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $890 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $810,252 |
| Total assets | $2,686,232 |
| Accounts payable and accrued expenses | $1,269 |
| Grants payable | $0 |
| Deferred revenue | $186,539 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $22,000 |
| Secured mortgages and notes payable | $1,946,666 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,156,474 |
| Net assets without donor restrictions | $529,758 |
| 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 | $2,686,232 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Alaska Sustainable Fisheries Trust Inc has recieved totaling $197,645.
| Awarding Organization | Amount |
|---|---|
Multiplier San Francisco, CA PURPOSE: TO HELP SMALL AND INDEPENDENT FISHERMEN WEATHER THE COVID-19 CRISIS BY FUNDING THE... SABLEFISH AND SOCKEYE PROJECT | $197,640 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marine Stewardship Council Limited Tukwila, WA | $407,315 | $4,510,365 |
Climate Solutions Seattle, WA | $3,725,442 | $5,349,658 |
Alaska Conservation Foundation Anchorage, AK | $13,696,231 | $4,020,029 |
Copper River Watershed Project Cordova, AK | $470,340 | $3,092,838 |
The Mountains To Sound Greenway Tr Seattle, WA | $4,129,011 | $3,302,694 |
Kenai Watershed Forum Soldotna, AK | $1,720,330 | $2,666,238 |
Washington Resource Conservation And Development Council Yakima, WA | $650,377 | $1,913,567 |
Anchorage Park Foundation Anchorage, AK | $1,708,680 | $1,798,936 |
Tyonek Tribal Conservation District Anchorage, AK | $431,854 | $1,572,192 |
Sitka Conservation Society Sitka, AK | $936,343 | $1,300,441 |
Seattle Audubon Society Seattle, WA | $3,908,720 | $1,422,392 |
Ahtna Intertribal Resource Commission Glennallen, AK | $1,153,430 | $1,184,316 |