Pacific Seafood Processors Assn
- Assets
- $1.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Seattle, WA
- Founding
- 04/1935
- Data as of
- 12/2022
- EIN
- 91-0131370
Organization Overview
Pacific Seafood Processors Assn is located in Seattle, WA. The organization was established in 1935. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Pacific Seafood Processors Assn employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Seafood Processors Assn 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 12/2022, Pacific Seafood Processors Assn generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Pacific Seafood Processors Assn has awarded 33 individual grants totaling $666,018. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION'S PURPOSE IS TO PRESERVE, FOSTER AND PROMOTE THE SEAFOOD PROCESSING INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTED MEMBERS AT THE NORTH PACIFIC FISHERY MANAGEMENT COUNCIL (NPFMC); MONITORED RELEVANT LEGISLATIONS IN JUNEAU, AK; WASHINGTON, DC; AND SEATTLE, WA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Lynch Vp- Washington Dc | Officer | 50 | $248,100 |
Chriss Barrows President | Trustee | 50 | $207,462 |
Nicole Kimball Vp- Alaska | Officer | 50 | $198,500 |
Mark Johahnson Charman | Trustee | 50 | $0 |
Greg Baker Treasure | Trustee | 50 | $0 |
John Henderschdt Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dave Benton Dba Benton Associates Industry Regulation Consultant | 12/30/16 | $120,000 |
Perkins Coie Attorney | 12/30/16 | $114,531 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,661,102 |
| 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 | $1,661,102 |
| 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. | $724,639 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $42,464 |
| Other employee benefits | $107,035 |
| Payroll taxes | $43,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,003 |
| Fees for services: Accounting | $15,500 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,350 |
| Office expenses | $32,284 |
| Information technology | $10,406 |
| Royalties | $0 |
| Occupancy | $43,641 |
| Travel | $40,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,385 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,607 |
| Insurance | $8,449 |
| All other expenses | $463,463 |
| Total functional expenses | $1,735,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,022,898 |
| 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 | $29,292 |
| Net Land, buildings, and equipment | $16,028 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,721 |
| Total assets | $1,074,939 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,074,939 |
| 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 | $1,074,939 |
Grants Awarded
Over the last fiscal year, Pacific Seafood Processors Assn has awarded $51,145 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SEASHARE PURPOSE: HUNGER RELIEF ORGANIZATION | $5,000 |
BEAN'S CAFE PURPOSE: FOOD BANK | $20,000 |
OTHER ASSISTANCE UNDER 5K PER DONATION PURPOSE: GENERAL ASSISTANCE | $13,740 |
COPPERWORKS DISTILLING CO PURPOSE: GENERAL ASSISTANCE | $12,405 |