Alaska Fisheries Development Foundation Inc
- Assets
- $1.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Juneau, AK
- Founding
- 09/1979
- Data as of
- 09/2023
- EIN
- 92-0068881
Organization Overview
Alaska Fisheries Development Foundation Inc is located in Juneau, AK. The organization was established in 1979. According to its NTEE Classification (D02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Animal-Related and related organizations. As of 09/2023, Alaska Fisheries Development Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Fisheries Development Foundation 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 09/2023, Alaska Fisheries Development Foundation Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $1.8m during the year ending 09/2023. While expenses have increased by 14.3% 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
ALASKA FISHERIES DEVELOPMENT FOUNDATION IS A 501 C (3) PRIVATE, NON-PROFIT FOUNDATION DEDICATED TO IDENTIFY COMMON OPPORTUNITIES IN THE ALASKA SEAFOOD INDUSTRY AND TO DEVELOP EFFICIENT, SUSTAINABLE OUTCOMES THAT PROVIDE BENEFITS TO THE ECONOMY, ENVIRONMENT AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTHAM FOUNDATION, EDA BBB PHASE 2, RESEARCH AND DEVELOPMENT - THIS PROJECT IS FUNDED BY THE U.S. DEPT. OF COMMERCE, ECONOMIC DEVELOPMENT ADMINISTRATION (EDA), BUILD BACK BETTER REGIONAL CHALLENGE GRANT. PHASES 1 AND 2 OF THE PROJECT WILL BE COMPLETED OVER A 5-YEAR PERIOD, BEGINNING JANUARY 1, 2022. THE PRIMARY AWARD IS HELD BY SOUTHEAST CONFERENCE, AND AFDF IS ONE OF SEVERAL SUBAWARD RECIPIENTS; AFDF HOLDS TWO SUBAWARDS IN THE RESEARCH AND DEVELOPMENT AND IN THE GREEN ENERGY COMPONENTS OF THE PROJECT. THE GOAL OF THE PROJECT IS TO ACCELERATE THE DEVELOPMENT OF THE ALASKA MARICULTURE INDUSTRY. PHASE 1 AWARD WAS 500,000, AND PHASE 2 AWARD WAS 49 MILLION, PLUS 20% MATCHING FUNDS.
ALL OTHER PROGRAMS.
EXXON VALDEZ OIL SPILL TRUSTEE COUNCIL - THIS PROJECT IS FUNDED BY THE EXXON-VALDEZ OIL SPILL (EVOS) TRUSTEE COUNCIL. THE TITLE OF THE PROJECT TEAM IS MARICULTURE RESEARCH AND RESTORATION CONSORTIUM (MARICULTURE RECON). THE TITLE OF THE PROJECT IS "SUSTAINABLE MARICULTURE DEVELOPMENT FOR RESTORATION AND ECONOMIC BENEFIT IN THE EVOS SPILL AREA". THE PROJECT WAS ORIGINALLY PROPOSED AND APPROVED FOR 10 YEARS, HOWEVER, DUE TO SEVERAL ISSUES, ONLY THE FIRST 5 YEARS OF THE RESEARCH IS GUARANTEED. THE PRIMARY AWARD IS HELD BY THE PRINCE WILLIAM SOUND SCIENCE CENTER (PWSSC); AFDF IS ONE OF SEVERAL SUBAWARD RECIPIENTS. THE 10-YEAR PROJECT AWARD WAS APPROXIMATELY 25 MILLION; THE FIRST 5-YEAR BUDGET IS APPROXIMATELY 12 MILLION.
MSC AND RFM CERTIFICATION OF ALASKA PACIFIC COD - AFDF IS THE CLIENT FOR THE RFM CERTIFICATION OF THE ALASKA COD FISHERIES. THE ALASKA RFM PROGRAM IS OWNED BY THE ALASKA SEAFOOD MARKETING INSTITUTE (ASMI). THE RFM CERTIFICATION OF SUSTAINABILITY ALLOWS ACCESS AND CHOICE TO VARIOUS MARKETS FOR SELLING PRODUCTS FROM THESE FISHERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Decker Executive Di | Officer | 40 | $100,199 |
Ekaterina Ratzlaff Finance Dire | Officer | 40 | $71,603 |
Mark Scheer President | OfficerTrustee | 1 | $0 |
Tommy Sheridan Vice Preside | OfficerTrustee | 1 | $0 |
Trevor Sande Treasurer | OfficerTrustee | 1 | $0 |
Chris Mierzejek Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,163 |
| Membership dues | $29,250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,595,660 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,362,981 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,989,054 |
| Total Program Service Revenue | $168,459 |
| Investment income | $32,832 |
| 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 | $3,190,345 |
| 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. | $171,700 |
| Compensation of current officers, directors, key employees. | $60,095 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,466 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56,303 |
| Payroll taxes | $32,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $816,977 |
| Advertising and promotion | $21,591 |
| Office expenses | $294,288 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,119 |
| Travel | $138,099 |
| 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 | $0 |
| Insurance | $7,861 |
| All other expenses | $0 |
| Total functional expenses | $1,810,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,001 |
| Savings and temporary cash investments | $1,558,195 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,072 |
| 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 | $7,422 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,908,690 |
| Accounts payable and accrued expenses | $294,580 |
| 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 | $294,580 |
| Net assets without donor restrictions | $414,919 |
| Net assets with donor restrictions | $1,199,191 |
| 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 | $1,908,690 |