Gb Cod Fixed Gear Sector Inc
- Assets
- $95.0k
- Revenue
- $163.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Chatham, MA
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 41-2237942
Organization Overview
Gb Cod Fixed Gear Sector Inc is located in Chatham, MA. The organization was established in 2008. According to its NTEE Classification (D33) the organization is classified as: Fisheries Resources, 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. Gb Cod Fixed Gear 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 12/2021, Gb Cod Fixed Gear Sector Inc generated $163.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $179.6k during the year ending 12/2021. While expenses have increased by 20.6% 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
THE GEORGES BANK COD FIXED GEAR SECTOR REPRESENTS A PROACTIVE GROUP OF SMALL, DAYBOAT FISHERMEN ON CAPE COD THAT HAVE VOLUNTARILY COME TOGETHER TO COOPERATIVELY MANAGE ANNUAL ALLOCATIONS OF FISH. ITS MEMBERS AGREE TO FISH WITHIN SUSTAINABLE LIMITS AND TO STOP FISHING ONCE QUOTAS HAVE BEEN MET, THEREBY, PROTECTING FISH POPULATIONS FOR FUTURE GENERATIONS. THE FEDERAL GOVERNMENT (I.E. NATIONAL MARINE FISHERIES SERVICE) HAS AGREED TO PROVIDE THESE QUOTAS TO THE SECTOR, WHICH INCLUDES FISHERMEN WHO HAVE DEVELOPED AND INCORPORATED THEIR ORGANIZATION IN COMPLIANCE WITH STATE AND FEDERAL TAX REQUIREMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SECTOR DID NOT EXCEED ANY OF ITS ALLOCATIONS. IT MINIMIZED HARVEST OF DEPLETED STOCKS AND INSTEAD FOCUSED ON THE HARVEST OF HEALTHY STOCKS SUCH AS MONKFISH, SKATES, DOGFISH AND POLLOCK. THE SECTOR LANDED ROUGHLY 17.32 MILLION POUNDS OF 51 DIFFERENT FISH AND SHELLFISH SPECIES DURING THE 2020 FISHING YEAR (MAY 2020 THROUGH APRIL 2021.) SECTOR MEMBERS SAILED OVER 1,767 TRIPS OVER THE COURSE OF THE FISHING YEAR. THE SECTOR STAYED WITHIN ITS BUDGET AND MAINTAINED COMPLIANCE WITH ALL TAX AND OTHER REPORTING REQUIREMENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Walinski Clerk | OfficerTrustee | 1 | $0 |
Greg Connors President | OfficerTrustee | 1 | $0 |
Jason Amaru Treasurer | OfficerTrustee | 1 | $0 |
Eric Hesse Director | Trustee | 1 | $0 |
Jared Bennet Director | Trustee | 1 | $0 |
Nick O'toole Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,500 |
| 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 | $3,500 |
| Total Program Service Revenue | $160,327 |
| Investment income | $24 |
| 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 | $163,851 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,008 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $447 |
| Total functional expenses | $179,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,361 |
| Savings and temporary cash investments | $0 |
| 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 | $1,671 |
| 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 | $95,032 |
| Accounts payable and accrued expenses | $2,589 |
| 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 | $2,589 |
| 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 | $92,443 |
| Total liabilities and net assets/fund balances | $95,032 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The Cold Spring Harbor Fish Hatchery Inc Cold Spring Harbor, NY | $384,965 | $504,389 |
Marthas Vineyard Shellfish Group Inc Oak Bluffs, MA | $929,310 | $430,103 |
The Tony Blair Foundation New York, NY | $12,577,257 | $5,153,934 |
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 |
Xi Northeast Fishery Sector Inc Portsmouth, NH | $365,735 | $0 |
Gloucester Fishermans Wives Development Programs Inc Gloucester, MA | $131,915 | $0 |
Vi Northeast Fishery Sector Inc Boston, MA | $3,646 | $0 |
Cossayuna Lake Improvement Association Inc Cossayuna, NY | $386,542 | $0 |
Trout Unlimited Wilton, CT | $275,227 | $205,564 |