Ferry Cove Shellfish Inc
- Assets
- $782.4k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Annapolis, MD
- Founding
- Data as of
- 12/2021
- EIN
- 84-4611271
Organization Overview
Ferry Cove Shellfish Inc is located in Annapolis, MD. According to its NTEE Classification (D33) the organization is classified as: Fisheries Resources, under the broad grouping of Animal-Related and related organizations. As of 12/2021, Ferry Cove Shellfish Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ferry Cove Shellfish Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FERRY COVE SHELLFISH IS DESIGNING, PROMOTING AND IMPLEMENTING SUSTAINABLE AQUACULTURE-RELATED ACTIVITIES CONTINUED ON SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, WE WERE COMPLETING THE CONSTRUCTION OF THE FACILITY. LOOKING FORWARD, LARGEST PROGRAMS WILL BE 1 LARVAE, SEED AND SPAT ON SHELL PRODUCTION, 2 AQUACULTURE SUPPORT ACTIVITIES AND 3 CHESAPEAKE BAY RESTORATION ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephan Abel President CEO | Officer | 40 | $168,269 |
James Perdue Member | Trustee | 1 | $0 |
Michael Roman Member | Trustee | 1 | $0 |
Tina Davenport Member | Trustee | 1 | $0 |
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 | $1,478,724 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,478,724 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,478,724 |
| 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. | $194,669 |
| Compensation of current officers, directors, key employees. | $29,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,213 |
| Pension plan accruals and contributions | $17,466 |
| Other employee benefits | $23,884 |
| Payroll taxes | $25,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,405 |
| Fees for services: Accounting | $4,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,918 |
| Office expenses | $13,273 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,919 |
| Travel | $3,347 |
| 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 | $2,220 |
| Insurance | $8,735 |
| All other expenses | $0 |
| Total functional expenses | $723,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $769,057 |
| 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 | $13,320 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $782,377 |
| Accounts payable and accrued expenses | $1,774 |
| 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 | $1,774 |
| Net assets without donor restrictions | $780,603 |
| 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 | $782,377 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trout Unlimited Inc Arlington, VA | $51,595,446 | $73,589,857 |
National Fisheries Institute Inc Mclean, VA | $6,266,836 | $4,319,156 |
American Fisheries Society Inc Bethesda, MD | $6,265,976 | $4,050,983 |
Ferry Cove Shellfish Inc Annapolis, MD | $782,377 | $1,478,724 |
Trout Unlimited Bellefonte, PA | $632,076 | $209,319 |
Fish America Foundation Alexandria, VA | $1,822,560 | $209,516 |
Yellow Breeches Anglers & Conservation Association Inc Boiling Springs, PA | $191,923 | $0 |
Trout Unlimited Carlisle, PA | $171,621 | $0 |
Lehigh River Stocking Association Inc Lehighton, PA | $9,507 | $38,908 |
American Fisheries Society Bethesda, MD | $179,722 | $0 |
True Oyster Restoration Initiative Inc Baltimore, MD | $19,283 | $0 |
Erdman Trout Conservation Nursery Inc Lykens, PA | $36,390 | $0 |