Global Seafood Alliance Inc
- Assets
- $16.1m
- Revenue
- $17.1m
- Investments
- $0.0
- Employees
- 59
- Location
- Portsmouth, NH
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 54-1853030
Organization Overview
Global Seafood Alliance Inc is located in Portsmouth, NH. The organization was established in 1999. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Global Seafood Alliance Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Seafood Alliance Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Global Seafood Alliance Inc generated $17.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $15.7m during the year ending 12/2021. While expenses have increased by 8.4% 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
TO FURTHER ENVIRONMENTALLY RESPONSIBLE AQUACULTURE TO MEET WORLD FOOD NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT THE GLOBAL SEAFOOD ALLIANCE, OUR MISSION IS TO PROMOTE RESPONSIBLE AQUACULTURE PRACTICES THROUGH EDUCATION, ADVOCACY AND DEMONSTRATION. FOR OVER 20 YEARS, WE HAVE DEMONSTRATED OUR COMMITMENT TO FEEDING THE WORLD THROUGH RESPONSIBLE AND SUSTAINABLE AQUACULTURE. WE DO THIS BY PROVIDING RESOURCES TO INDIVIDUALS AND BUSINESSES WORLDWIDE WHO ARE ASSOCIATED WITH AQUACULTURE AND SEAFOOD. WE IMPROVE PRODUCTION PRACTICES THROUGH OUR PARTNERSHIPS WITH COUNTRIES, COMMUNITIES AND COMPANIES, AS WELL AS ONLINE LEARNING AND GROUNDBREAKING JOURNALISM THAT BOASTS ACTIVE READERSHIP IN EVERY COUNTRY OF THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Perkins COO | Officer | 40 | $245,814 |
Wallace Stevens Executive Director/board Chair | OfficerTrustee | 40 | $200,000 |
George W Chamberlain President | OfficerTrustee | 40 | $188,374 |
Greg Brown Svp, Operations | 40 | $174,335 | |
Steve Hart Vp, Market Development | 40 | $173,286 | |
William Clark Cfo/treasurer | OfficerTrustee | 40 | $172,475 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Global Trust Certification Ltd Aquaculture Certification | 12/30/21 | $376,967 |
Nsf Certification Aquaculture Certification | 12/30/21 | $1,817,123 |
Control Union Aquaculture Certification | 12/30/21 | $697,514 |
Intertek Aquaculture Certification | 12/30/21 | $640,326 |
Sgs India Aquaculture Certification | 12/30/21 | $869,619 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $853,917 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $883,075 |
| Total Program Service Revenue | $16,098,803 |
| Investment income | $128,725 |
| 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 | $17,110,603 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,253 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $707,369 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,832,591 |
| Pension plan accruals and contributions | $63,038 |
| Other employee benefits | $289,415 |
| Payroll taxes | $313,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $166,522 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,964 |
| Fees for services: Other | $2,019,330 |
| Advertising and promotion | $73,963 |
| Office expenses | $158,206 |
| Information technology | $363,399 |
| Royalties | $0 |
| Occupancy | $490,438 |
| Travel | $104,088 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $187,691 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $287,584 |
| Insurance | $73,293 |
| All other expenses | $171,454 |
| Total functional expenses | $15,707,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,922,237 |
| Savings and temporary cash investments | $501,237 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,205,374 |
| 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 | $3,454,616 |
| Net Land, buildings, and equipment | $1,260,863 |
| Investments—publicly traded securities | $4,421,064 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $349,567 |
| Total assets | $16,114,958 |
| Accounts payable and accrued expenses | $6,334,343 |
| Grants payable | $0 |
| Deferred revenue | $5,009,992 |
| 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 | $853,917 |
| Other liabilities | $0 |
| Total liabilities | $12,198,252 |
| Net assets without donor restrictions | $3,916,706 |
| 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 | $16,114,958 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Global Seafood Alliance Inc has recieved totaling $175,948.
| Awarding Organization | Amount |
|---|---|
Centro Internacional De Mejoramiento De Maiz Y Trigo Df Alexandria, VA PURPOSE: PROGRAM SUPPORT | $175,948 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Association Of Privacy Professionals Portsmouth, NH | $95,531,598 | $42,238,853 |
Advanced Regenerative Manufacturing Institute Inc Manchester, NH | $22,637,554 | $26,561,020 |
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
Global Seafood Alliance Inc Portsmouth, NH | $16,114,958 | $17,110,603 |
Chartered Alternative Investment Analyst Association Inc Amherst, MA | $10,766,695 | $9,878,929 |
Downtown Boston Business Improvement District Corporation Boston, MA | $4,039,139 | $7,235,337 |
Greater Boston Chamber Of Commerce Boston, MA | $11,076,057 | $7,257,999 |
Brattleboro Development Credit Corporation Brattleboro, VT | $32,397,294 | $6,662,012 |
Better Business Bureau Inc Marlborough, MA | $5,408,175 | $6,008,226 |
Two Ten Footwear Foundation Inc Waltham, MA | $38,171,628 | $5,812,562 |
Lean Enterprise Institute Inc Boston, MA | $4,353,748 | $5,746,296 |