Monterey Bay Fisheries Trust
- Assets
- $1.8m
- Revenue
- $435.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Monterey, CA
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 47-1978379
Organization Overview
Monterey Bay Fisheries Trust is located in Monterey, CA. The organization was established in 2015. 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. Monterey Bay Fisheries Trust 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, Monterey Bay Fisheries Trust generated $435.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $455.4k during the year ending 12/2021. 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
TO ADVANCE THE SOCIAL, ECONOMIC, AND ENVIRONMENTAL SUSTAINABILITY OF MONTEREY BAY FISHERIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRENGTHENING THE VIABILITY OF COMMERCIAL FISHING BUSINESSES IN MONTEREY: WE PROVIDED TECHNICAL ASSISTANCE, TOOLS, AND RESOURCES TO STRENGTHEN FISHING BUSINESSES AND HELP FISHERMEN NAVIGATE REGULATIONS AND COVID RELIEF PROGRAMS. WE CONTINUED OUR QUOTA LEASING PROGRAM, PROTECTING LOCAL ACCESS TO SUSTAINABLE GROUNDFISH FISHING RIGHTS, AND SAVING FISHERMEN THOUSANDS OF DOLLARS IN LEASE FEES. THROUGH OUR PARTNERSHIP WITH CALIFORNIA FARMLINK, WE INCREASED FISHERMENS ACCESS TO TECHNICAL ASSISTANCE AND LOANS AND EXPLORED SUCCESSION PLANNING FOR RETIRING FISHERMEN AND NEW ENTRANTS. WE ADVOCATED TO STATE AND FEDERAL LEGISLATORS FOR INFRASTRUCTURE IMPROVEMENTS AND THE NEED TO SUPPORT FISHING COMMUNITY RESILIENCE. STATS: 10 FISHERMEN RECEIVED DIRECT TECHNICAL ASSISTANCE; 178K POUNDS OF GROUNDFISH WAS LEASED LOCALLY; 2.4K VIEWS OF WEB RESOURCES FOR FISHING BUSINESSES.
SUSTAINING LOCAL FAMILIES AND FISHERIES: WE CONTINUED OUR MONTEREY BAY COMMUNITY SEAFOOD PROGRAM TO PROVIDE HEALTHY, SUSTAINABLY HARVESTED SEAFOOD TO COMMUNITY MEMBERS IN NEED OF FOOD ASSISTANCE, ALONG WITH MORE THAN $82K IN ECONOMIC SUPPORT TO OUR LOCAL FISHERMEN, FOOD WORKERS, AND SEAFOOD BUSINESSES. AS A DIRECT RESULT OF THIS PROGRAM, MEALS ON WHEELS OF THE MONTEREY PENINSULA HAS MADE A COMMITMENT TO SOURCE LOCAL SEAFOOD YEAR-ROUND. WE ALSO EXPANDED OUR REACH AND CONNECTIONS IN THE LOCAL FOOD SYSTEM NETWORK AND NOW HOLD A SEAT ON THE NEWLY FORMED MONTEREY COUNTY FOOD POLICY COUNCIL AS THE ONLY LOCAL SEAFOOD REPRESENTATIVE. STATS: $82K RAISED TO PURCHASE 18K POUNDS OF LOCAL SEAFOOD; 18.5K SEAFOOD MEALS DONATED; 28 FISHERMEN AND 35 FOOD WORKERS SUPPORTED.
INCEASING ACCESS TO, AVAILABILITY OF, AND DEMAND FOR LOCAL, SUSTAINABLE SEAFOOD: MBFT LED OUTREACH PROGRAMS AIMED AT RAISING AWARENESS AND DEMAND FOR LOCAL, SUSTAINABLE SEAFOOD. THROUGH DIGITAL STORYTELLING, VIDEOS, BLOGS, SOCIAL MEDIA, AND PRESENTATIONS, MBFT CONNECTED CONSUMERS WITH MONTEREY BAY SEAFOOD AND OUR FISHING COMMUNITY. WE EDUCATED CONSUMERS ABOUT SUSTAINABLE FISHERIES, HELPED THEM IDENTIFY AND PREPARE SEASONAL SEAFOOD, AND DIRECTED THEM TO BUSINESSES THAT SELL LOCAL SEAFOOD THROUGH OUR LOCAL CATCH GUIDE. STATS: 40 STORIES PUBLISHED FEATURING LOCAL SEAFOOD AND THE FISHING COMMUNITY; 100% INCREASE IN WEB TRAFFIC WITH 77K UNIQUE VISITORS; 23K VIEWS OF THE LOCAL CATCH GUIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Flumerfelt Executive Dir. | Officer | 40 | $104,918 |
David M Crabbe President | OfficerTrustee | 2 | $0 |
Margaret Spring Vice President | OfficerTrustee | 2 | $0 |
Steve Scheiblauer Chairman | OfficerTrustee | 2 | $0 |
Melissa Mahoney Secretary | OfficerTrustee | 2 | $0 |
Monica Galligan Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $298,218 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $383,218 |
| Total Program Service Revenue | $52,693 |
| Investment income | $22 |
| 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 | $435,933 |
| 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. | $105,972 |
| Compensation of current officers, directors, key employees. | $10,597 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $6,142 |
| Other employee benefits | $12,766 |
| Payroll taxes | $8,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,418 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,420 |
| Advertising and promotion | $955 |
| Office expenses | $10,078 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,331 |
| Travel | $4,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,894 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,000 |
| Insurance | $2,993 |
| All other expenses | $0 |
| Total functional expenses | $455,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,066 |
| Savings and temporary cash investments | $224,074 |
| Pledges and grants receivable | $135,094 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,210,237 |
| Other assets | $0 |
| Total assets | $1,837,471 |
| Accounts payable and accrued expenses | $6,218 |
| 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 | $298,499 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $304,717 |
| Net assets without donor restrictions | $1,443,821 |
| Net assets with donor restrictions | $88,933 |
| 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 | $1,837,471 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Monterey Bay Fisheries Trust has recieved totaling $129,029.
| Awarding Organization | Amount |
|---|---|
David And Lucile Packard Foundation Los Altos, CA PURPOSE: CONSERVATION AND SCIENCE | $50,000 |
Multiplier San Francisco, CA PURPOSE: TO FUND THE MONTEREY BAY COMMUNITY SEAFOOD PROGRAM TO SUPPORT THE WORK OF FISHERMEN AND... FOOD WORKERS AND PROVIDE 6,900 ADDITIONAL MEALS DELIVERED TO FAMILIES IN MONTEREY COUNTY. | $30,000 |
Repass-Rodgers Family Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $7,500 |
The Keith Campbell Foundation For The Environment Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $5,000 |
Teichert Foundation Sacramento, CA PURPOSE: SUPPORT PUBLIC CHARITY PROGRAMS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Trout San Francisco, CA | $11,384,181 | $17,085,987 |
The Freshwater Trust Portland, OR | $7,203,840 | $12,158,372 |
Sustainable Fisheries Partnership Foundation Honolulu, HI | $7,275,929 | $7,248,430 |
Wild Salmon Center Portland, OR | $9,026,255 | $7,988,741 |
Eel River Watershed Improvement Group Fortuna, CA | $320,334 | $1,288,841 |
The Stronghold Fund Portland, OR | $13,237,612 | $1,322,112 |
Mattole Salmon Group Petrolia, CA | $512,430 | $1,078,529 |
Tillamook Anglers Inc Tillamook, OR | $1,030,899 | $891,300 |
Central Coast Salmon Enhancement Arroyo Grande, CA | $670,504 | $677,628 |
Pacific Islands Fisheries Group Kailua, HI | $76,194 | $565,232 |
Native Fish Society Inc Oregon City, OR | $1,086,368 | $685,160 |
California Wetfish Producers Association Buellton, CA | $353,918 | $764,338 |