Global Seafood Alliance Inc
- Assets
- $16.7m
- Revenue
- $19.1m
- Investments
- $0.0
- Employees
- 60
- Location
- Portsmouth, NH
- Founding
- 02/1999
- Data as of
- 12/2023
- 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 12/2023, Global Seafood Alliance Inc employed 60 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 12/2023, Global Seafood Alliance Inc generated $19.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $19.1m during the year ending 12/2023. While expenses have increased by 7.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
GSA IS A GLOBAL NON-GOVERNMENTAL ORGANIZATION DEDICATED TO ADVOCACY, EDUCATION AND LEADERSHIP FOR PROMOTING RESPONSIBLE SEAFOOD PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GLOBAL SEAFOOD ALLIANCE (GSA) IS AN INTERNATIONAL NONGOVERNMENTAL ORGANIZATION DEDICATED TO ADVANCING RESPONSIBLE SEAFOOD PRACTICES THROUGH EDUCATION, ADVOCACY AND THIRD-PARTY ASSURANCES. GSA ENVISIONS A WORLD THAT EMBRACES THE ROLE OF RESPONSIBLE SEAFOOD IN MEETING GLOBAL NUTRITION NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Kimball Director | Trustee | 10 | $84,000 |
Wallace Stevens Executive Director/board Chair | OfficerTrustee | 40 | $425,096 |
Dr George W Chamberlain President | OfficerTrustee | 40 | $105,658 |
William Herzig Board Vp/strategic Advisor | OfficerTrustee | 10 | $84,000 |
Brian Perkins CEO (end March 2023) | OfficerTrustee | 40 | $240,926 |
Michael Berto Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Control Union Aquaculture Certification | 12/30/23 | $842,754 |
Intertek Aquaculture Certification | 12/30/23 | $823,073 |
Acoura Aquaculture Certification | 12/30/23 | $718,260 |
Bureau Veritas - Vietnam Aquaculture Certification | 12/30/23 | $620,090 |
Sgs India Aquaculture Certification | 12/30/23 | $371,773 |
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 | $44,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,685 |
| Total Program Service Revenue | $19,108,602 |
| Investment income | $159,993 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$169,812 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,143,468 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,800 |
| 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. | $1,233,848 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,370,271 |
| Pension plan accruals and contributions | $69,570 |
| Other employee benefits | $329,139 |
| Payroll taxes | $374,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $126,249 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,413 |
| Fees for services: Other | $2,238,771 |
| Advertising and promotion | $313,847 |
| Office expenses | $176,925 |
| Information technology | $591,260 |
| Royalties | $0 |
| Occupancy | $649,988 |
| Travel | $522,428 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $372,036 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $311,036 |
| Insurance | $86,945 |
| All other expenses | $0 |
| Total functional expenses | $19,106,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,369,017 |
| Savings and temporary cash investments | $1,223,005 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,622,015 |
| 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 | $366,781 |
| Net Land, buildings, and equipment | $183,605 |
| Investments—publicly traded securities | $4,284,615 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,663,803 |
| Other assets | $0 |
| Total assets | $16,712,841 |
| Accounts payable and accrued expenses | $3,079,116 |
| Grants payable | $0 |
| Deferred revenue | $5,310,714 |
| 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 | $2,680,689 |
| Total liabilities | $11,070,519 |
| Net assets without donor restrictions | $5,642,322 |
| 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 | $16,712,841 |