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Maine Aquaculture Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010375969 ✦ Hallowell, ME ✦ Designated as a 501(c)(4)

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Overview

What is Maine Aquaculture Association?

The Maine Aquaculture Association is a local nonprofit organization situated in Hallowell, Maine. Their primary mission is to establish policies, management plans, audit programs, system designs, and standards for the sustainable development of aquatic farming within the state of Maine. By doing so, they aim to bolster the Maine aquaculture industry, offering essential support to its growth and success. With a team of four dedicated individuals, the Maine Aquaculture Association serves as a vital resource for the advancement of this critical sector in their region.

Is Maine Aquaculture Association legitimate?

Maine Aquaculture Association is a legitimate nonprofit organization registered as a 501(c)(4) entity. Maine Aquaculture Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $109,652
Professional Fundraising Fees: $0
Other Salaries and Wages: $135,061

For more financial information, click here

What is the mission statement of Maine Aquaculture Association?

The Maine Aquaculture Association's mission is focused on providing support for the local aquaculture industry. In pursuit of this goal, they develop policies, management plans, audit programs, system designs, and set standards for aquatic farming within Maine. Their activities aim to promote the growth and success of the aquaculture sector, ultimately contributing to its long-term sustainability. The association serves as a resource for industry professionals, offering guidance and best practices to ensure the responsible and efficient farming of aquatic species.

Who is the CEO of Maine Aquaculture Association?

Sebastian Belle is the Director of Maine Aquaculture Association.

What is the revenue of Maine Aquaculture Association?

Maine Aquaculture Association's revenue in 2021 was $768,302.

Who are the executives of Maine Aquaculture Association and what are their salaries?

The average compensation at Maine Aquaculture Association during 2021 was $61,178. There are 4 employees and 8 volunteers at Maine Aquaculture Association.


Here are 10 key members and their salaries:


Greg Lambert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Lively (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Briana Warner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tonie Simmons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Keleher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joannajesse Fogg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher V Davis Phd (Current President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theo De Koning (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Moretti (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sebastian Belle (Executive Direc)
  • Compensation: $87,847
  • Related: $0
  • Other: $14,238
Where can I find the form 990 for Maine Aquaculture Association?

Maine Aquaculture Association's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Maine Aquaculture Association

Maine Aquaculture Association, in its mission, strives to provide support for the Maine aquaculture industry. This support encompasses various aspects, including the development of policies, management plans, audit programs, system designs, and standards for aquatic farming in Maine. By undertaking these tasks, the association aims to contribute positively to the overall growth and sustainability of the aquaculture industry in the state.

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Impact




October, 2024

The Maine Aquaculture Association plays a significant role in advancing the state’s aquaculture industry. By developing policies, management plans, audit programs, system designs, and standards for aquatic farming, the association ensures that operations adhere to best practices, promoting sustainability and ecological stewardship. This support fosters a thriving aquaculture sector in Maine, enhancing food production, creating job opportunities, and contributing to the state's economy while maintaining environmental integrity. Through their efforts, they help establish a framework that encourages innovation and growth within the industry, ultimately benefiting local communities and consumers alike.




This information is meant to be a general summary of Maine Aquaculture Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$768,302 (2021)
20112012201320142015201620172018201920202021$0$200k$400k$600k$800k
Expenses
$457,001 (2021)
20112012201320142015201620172018201920202021$0$150k$300k$450k$600k
Efficiency
201120122013201420152016201720182019202020210%15%30%45%63%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $15,967
  • Gross Receipts: $771,009

Assets and Liabilities:

  • Total Assets: $1,116,026
  • Total Liabilities: $9,141
  • Net Assets: $1,106,885

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Organization Details

Founding Year

1976

Principal Officer

Sebastian Belle

Main Address

PO BOX 148 103 WATER ST 4TH FLO, HALLOWELL, ME, 04347

NTEE Category

Code: K20 - Food

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