Kodiak Regional Aquaculture
- Assets
- $26.0m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 42
- Location
- Kodiak, AK
- Founding
- 02/1987
- Data as of
- 12/2021
- EIN
- 92-0115279
Organization Overview
Kodiak Regional Aquaculture is located in Kodiak, AK. The organization was established in 1987. 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, Kodiak Regional Aquaculture employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kodiak Regional Aquaculture is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Kodiak Regional Aquaculture generated $8.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $4.6m 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
PROVIDE FISHERIES REHABILITATION, ENHANCEMENT, AND DEVELOPMENT ACTIVITIES FOR KODIAK ISLAND, ALASKA REGIONAL WATERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KITOI BAY HATCHERY ACCOUNTS FOR THE ACTIVITIES ASSOCIATED WITH THE ADMINISTRATION AND OPERATION OF THE KITOI BAY HATCHERY.
PILLAR CREEK HATCHERY ACCOUNTS FOR THE ACTIVITIES ASSOCIATED WITH THE ADMINISTRATION AND OPERATION OF THE PILLAR CREEK HATCHERY.
RESEARCH AND MONITORING ACCOUNTS FOR THE ACTIVITIES ASSOCIATED WITH THE RESEARCH AND MONITORING OF LOCAL FISHERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina M Fairbanks Executive Dir. | Officer | 60 | $94,483 |
Tammy R Hulsey Exec Ast/fin Of | Officer | 50 | $77,264 |
Wallace F Fields Vice President | OfficerTrustee | 1 | $0 |
Melissa Berns-Svoboda Secretary | OfficerTrustee | 1 | $0 |
Oliver N Holm President | OfficerTrustee | 1 | $0 |
Nathaniel Rose Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scotts Heating And Plumbing Services Inc Plumbing Services | 12/30/15 | $141,675 |
Possibilities Unlimited Project Managment | 12/30/15 | $146,800 |
Innovative Poly Solutions Construction | 12/30/15 | $170,146 |
Byler Contracting Construction | 12/30/15 | $236,829 |
Mk Enterprises Llc Construction/excavat | 12/30/15 | $233,858 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,476,440 |
| 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 | $1,476,440 |
| Total Program Service Revenue | $87,500 |
| Investment income | $145,747 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,832,289 |
| Net Rental Income | -$7,718 |
| Net Gain/Loss on Asset Sales | $441,425 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,975,683 |
| 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. | $194,017 |
| Compensation of current officers, directors, key employees. | $42,878 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,371,372 |
| Pension plan accruals and contributions | $85,175 |
| Other employee benefits | $328,804 |
| Payroll taxes | $141,823 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,908 |
| Fees for services: Accounting | $20,107 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $76,039 |
| Fees for services: Other | $333,947 |
| Advertising and promotion | $253 |
| Office expenses | $26,535 |
| Information technology | $691 |
| Royalties | $0 |
| Occupancy | $84,193 |
| Travel | $340,377 |
| 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 | $720,653 |
| Insurance | $172,364 |
| All other expenses | $92,346 |
| Total functional expenses | $4,626,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $704,624 |
| Savings and temporary cash investments | $7,035,626 |
| Pledges and grants receivable | $40,681 |
| 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 | $10,514,710 |
| Investments—publicly traded securities | $7,656,457 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,409 |
| Total assets | $25,958,507 |
| Accounts payable and accrued expenses | $38,287 |
| 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 | $1,611,571 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $548,844 |
| Total liabilities | $2,198,702 |
| Net assets without donor restrictions | $23,759,805 |
| 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 | $25,958,507 |
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 |