Armstrong-Keta Incorporated
- Assets
- $2.6m
- Revenue
- $533.5k
- Investments
- $0.0
- Employees
- 32
- Location
- Sitka, AK
- Founding
- 06/1982
- Data as of
- 12/2021
- EIN
- 92-0080665
Organization Overview
Armstrong-Keta Incorporated is located in Sitka, AK. The organization was established in 1982. 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, Armstrong-Keta Incorporated employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armstrong-Keta Incorporated 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 12/2021, Armstrong-Keta Incorporated generated $533.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HATCHERY OPERATIONS TO RESEARCH AND PRODUCE SALMON TO ENHANCE THE FISHERIES OF SOUTHEAST ALASKA
Describe the Organization's Program Activity:
Part 3 - Line 4a
HATCHERY OPERATIONS TO RESEARCH AND PRODUCE SALMON TO ENHANCE THE FISHERIES OF SOUTHEAST ALASKA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bart Watson President | OfficerTrustee | $0 | |
Cory Gifford Board Member | Trustee | $0 | |
Jared Bright Board Member | Trustee | $0 | |
Jim Moore Board Member | Trustee | $0 | |
Dean Haltiner Board Member | Trustee | $0 | |
Peter Mooney Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $460,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,973 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $474,153 |
| Total Program Service Revenue | $57,020 |
| Investment income | $2,288 |
| 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 | $533,461 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $537,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $68,413 |
| Payroll taxes | $49,460 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $661 |
| Fees for services: Accounting | $2,641 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,038 |
| Advertising and promotion | $0 |
| Office expenses | $24,438 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,437 |
| Travel | $40,155 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,133 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $845,850 |
| Insurance | $82,472 |
| All other expenses | $0 |
| Total functional expenses | $2,277,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,919 |
| Savings and temporary cash investments | $68,808 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,077 |
| 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 | $13,000 |
| Net Land, buildings, and equipment | $2,342,333 |
| Investments—publicly traded securities | $5,301 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,601,438 |
| Accounts payable and accrued expenses | $13,048 |
| 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 | $16,707,367 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,655 |
| Total liabilities | $16,726,070 |
| Net assets without donor restrictions | -$14,124,632 |
| 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 | $2,601,438 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prince William Sound Aquaculture Corp Cordova, AK | $42,358,875 | $20,698,778 |
International Pacific Halibut Commission Seattle, WA | $4,799,211 | $12,243,404 |
Northern Southeast Regional Aquaculture Association Inc Sitka, AK | $30,334,736 | $8,155,106 |
Southern Southeast Regional Aquaculture Association Ketchikan, AK | $27,649,593 | $6,050,506 |
Douglas Island Pink And Chum Incorporated Juneau, AK | $32,527,858 | $5,618,672 |
Kodiak Regional Aquaculture Kodiak, AK | $25,958,507 | $7,975,683 |
Valdez Fisheries Development Assoc Valdez, AK | $16,996,317 | $5,681,425 |
Hood Canal Slmon Enhancement Group Belfair, WA | $9,920,019 | $3,797,812 |
Qweti Neah Bay, WA | $367,312 | $27,000 |
Armstrong-Keta Incorporated Sitka, AK | $2,601,438 | $533,461 |
Long Live The Kings Seattle, WA | $1,927,571 | $2,809,391 |
Wild Fish Conservancy Duvall, WA | $567,213 | $2,096,581 |