World Aquaculture Society Inc
- Assets
- $1.1m
- Revenue
- $186.5k
- Investments
- $502.6k
- Employees
- 3
- Location
- Sorrento, LA
- Founding
- 09/1987
- Data as of
- 03/2022
- EIN
- 58-1739990
Organization Overview
World Aquaculture Society Inc is located in Sorrento, LA. The organization was established in 1987. According to its NTEE Classification (U21) the organization is classified as: Marine Science & Oceanography, under the broad grouping of Science & Technology and related organizations. As of 03/2022, World Aquaculture Society Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Aquaculture Society 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 03/2022, World Aquaculture Society Inc generated $186.5k 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 (19.0%) each year. All expenses for the organization totaled $639.3k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WORLD AQUACULTURE SOCIETY WAS ORGANIZED FOR THE PURPOSE OF BRINGING TOGETHER SCIENTISTS, FISH FARMERS AND BUSINESSMEN IN A FORUM TO PROVIDE FOR THEIR MUTUAL EDIFICATION. WORLD AQUACULTURE PROMOTES THE STUDY OF MARICULTURE AND AQUATIC SCIENCE AND THE DISSEMENATION OF INFORMATION IN THOSE FIELDS.
Describe the Organization's Program Activity:
WORLD AQUACULTURE SOCIETY WAS ORGANIZED FOR THE PURPOSE OF BRINGING TOGETHER SCIENTISTS, FISH FARMERS AND BUSINESSMEN IN A FORUM TO PROVIDE FOR THEIR MUTUAL EDIFICATION. WORLD AQUACULTURE PROMOTES THE STUDY OF MARICULTURE AND AQUATIC SCIENCE AND THE DISSEMENATION OF INFORMATION IN THOSE FIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Andrasko Home Officer Director | Officer | 37.5 | $52,609 |
Carol Mendoza Home Officer Director (partial Year) | Officer | 37.5 | $19,299 |
Jimmy Avery Immediate Past-President | OfficerTrustee | 1 | $0 |
Dr Antonio Garza DE Yta President | OfficerTrustee | 1 | $0 |
Dr Kathleen Hartman Secretary | OfficerTrustee | 1 | $0 |
Dr Reginald Blaylock Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mf Cooksey Director Of Conferences | 3/30/19 | $163,000 |
Mckee Enterprises It Support And Website Maintenance | 3/30/19 | $104,930 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $76,420 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $76,420 |
| Total Program Service Revenue | $73,442 |
| Investment income | $33,976 |
| 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 | $186,488 |
| 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. | $53,000 |
| Compensation of current officers, directors, key employees. | $29,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,831 |
| 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 | $77,851 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $78,340 |
| 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 | $159,875 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,259 |
| Total functional expenses | $639,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $375,966 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $502,620 |
| Investments—program-related | $0 |
| Intangible assets | $27,794 |
| Other assets | $218,035 |
| Total assets | $1,124,415 |
| Accounts payable and accrued expenses | $0 |
| 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 | $827,404 |
| Total liabilities | $827,404 |
| Net assets without donor restrictions | $297,011 |
| 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 | $1,124,415 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that World Aquaculture Society Inc has recieved totaling $36.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $36 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Research Institute Birmingham, AL | $124,270,036 | $85,654,710 |
Hudson-Alpha Institute For Biotechnology Huntsville, AL | $211,512,056 | $51,805,437 |
Donald Danforth Plant Science Center Saint Louis, MO | $503,520,795 | $58,321,490 |
Society Of Petroleum Engineers Spe Inc Richardson, TX | $59,462,727 | $33,510,702 |
Ut-Battelle Development Corporation Oak Ridge, TN | $76,867,878 | $25,092,560 |
Ampp Global Center Inc Houston, TX | $68,838,224 | $35,576,150 |
Marine Environmental Sciences Consortium Dauphin Island, AL | $32,833,959 | $18,770,874 |
W G Yates & Sons Construction Co & Affl Companies Emplyees Med Ben Pl Philadelphia, MS | $374,510 | $14,283,332 |
Clark Richardson And Biskup Consulting Engineers Inc Health Pl Kansas City, MO | $3,940,504 | $14,137,638 |
St Louis Science Center Foundation St Louis, MO | $53,330,924 | $19,478,193 |
Santa Fe Institute Santa Fe, NM | $95,101,684 | $57,773,982 |
Houston Advanced Research Center The Woodlands, TX | $1,028,112 | $5,176,623 |