Overview
What is New England Fishery Management Council?
The New England Fishery Management Council is a Massachusetts-based nonprofit organization, specifically located at 50 Water Street Mill 2, Newburyport, MA 019502899. Established under the Magnuson Fishery Act of 1976, its primary objective is to develop and oversee fishery management plans for the domestic and foreign fisheries within the 200-mile U.S. Exclusive Economic Zone (EEZ) off the New England coast. With a total of 20 employees, the Council plays a crucial role in conserving and managing fishery resources within this area, ensuring sustainable practices and stewardship with approval and implementation from the Secretary of Commerce.
Official website here: www.nefmc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The New England Fishery Management Council exhibits a strong commitment to accountability and financial transparency, reflected in its impressive 96% score. This rating is derived entirely from the Accountability & Finance category, demonstrating the organization’s effective management of funds and resources. With a majority of independent board members and a comprehensive audit and oversight structure, the Council shows a robust governance framework.
Strengths include a high program expense ratio of 85.07%, indicating that a significant portion of its expenses is directed toward its mission-related programs. The organization has also established policies for conflict of interest and whistleblower protections, showcasing a dedication to ethical practices. The absence of any material diversion of assets further underscores the integrity of its financial operations.
While the data highlights numerous strengths, it’s essential to consider the limited scope of feedback beyond financial metrics. While the high rating reflects excellent accountability, potential donors may want to explore the Council’s impact and effectiveness in fulfilling its mission within the community to gain a more comprehensive understanding of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is New England Fishery Management Council legitimate?
New England Fishery Management Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. New England Fishery Management Council 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: $805,052
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,859,070
For more financial information, click here
Official website here: www.nefmc.org
What is the mission statement of New England Fishery Management Council?
The New England Fishery Management Council is dedicated to conserving and managing fishery resources within the 200-mile U.S. Exclusive Economic Zone. It is authorized to prepare, monitor, and revise fishery management plans and data collection programs for both domestic and foreign fishing activities within this zone. The Council's mission is overseen and implemented by the Secretary of Commerce, who holds stewardship of these responsibilities. The NEFMC was established by the Magnuson Fishery Act of 1976 and focuses on creating effective plans for the management of various fisheries under its jurisdiction.
Official website here: www.nefmc.org
Who is the CEO of New England Fishery Management Council?
Cate O'Keefe is the Council Member of New England Fishery Management Council.
Official website here: www.nefmc.org
What is the revenue of New England Fishery Management Council?
New England Fishery Management Council's revenue in 2022 was $4,717,125.
Official website here: www.nefmc.org
Who are the executives of New England Fishery Management Council and what are their salaries?
The average compensation at New England Fishery Management Council during 2022 was $133,206. There are 20 employees at New England Fishery Management Council.
Here are 34 key members and their salaries:
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- Compensation: $11,943
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- Compensation: $19,213
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- Compensation: $22,329
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- Compensation: $13,501
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- Compensation: $11,943
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- Compensation: $66,468
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- Compensation: $193,642
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- Other: $46,008
- Compensation: $169,379
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- Other: $62,679
- Compensation: $148,905
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- Other: $59,399
- Compensation: $125,220
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- Other: $56,085
- Compensation: $118,229
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- Other: $31,260
- Compensation: $118,126
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- Other: $49,225
- Compensation: $115,521
- Related: $0
- Other: $55,131
Official website here: www.nefmc.org
Where can I find the form 990 for New England Fishery Management Council?
New England Fishery Management Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nefmc.org
Learn more at the official website: www.nefmc.org
Mission Statement of New England Fishery Management Council
The New England Fishery Management Council (NEFMC) is dedicated to the conservation and management of fishery resources within the United States' 200-mile Exclusive Economic Zone (EEZ). Through its authorization under the Magnuson Fishery Act of 1976, NEFMC is empowered to prepare, monitor, and revise fishery management plans and data collection programs for both domestic and foreign fishing activities within the designated zone. The Council's work is executed with the approval and implementation of the Secretary of Commerce, who holds stewardship over these responsibilities.
NEFMC's primary mission is to ensure the long-term sustainability of marine fisheries in its area of authority. It achieves this through the development and implementation of comprehensive fishery management plans tailored to each fishery. These plans aim to maintain or rebuild overfished stocks, prevent overfishing, and minimize bycatch. Moreover, the Council coordinates closely with various stakeholders, including fishermen, scientists, and government agencies, to gather data and insights that inform its decision-making process. By working collaboratively with these partners, NEFMC strives to balance the needs of various fisheries and promote the overall health of marine ecosystems.
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Impact
October, 2024
The New England Fishery Management Council plays a critical role in the conservation and management of fishery resources within the 200-mile U.S. Exclusive Economic Zone (EEZ). By preparing, monitoring, and revising fishery management plans, the Council ensures the sustainable use of marine resources in its geographical area, which encompasses vital fish habitats and significant commercial fisheries.
Established by the Magnuson Fishery Act of 1976, the Council collaborates closely with the Secretary of Commerce to implement management strategies that balance the ecological health of fish populations with the economic needs of fishing communities. This well-regulated approach promotes the long-term viability of fisheries, helping to protect marine ecosystems while supporting livelihoods dependent on fishing.
Through data collection programs and ongoing assessments, the Council addresses challenges such as overfishing and environmental changes, ensuring that fisheries can withstand and adapt to both current and future pressures. Its efforts are essential not only for maintaining fish stocks but also for fostering responsible fishing practices and enhancing the overall resilience of the marine environment.
This information is meant to be a general summary of New England Fishery Management Council. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $19,639
- Gross Receipts: $4,717,125
Assets and Liabilities:
- Total Assets: $1,333,341
- Total Liabilities: $0
- Net Assets: $1,333,341
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Organization Details
Founding Year
1976
Phone
(978) 465-0492Principal Officer
Cate O'Keefe
Main Address
50 Water Street Mill 2, Newburyport, MA, 019502899
Website
www.nefmc.orgNTEE Category
Code: D023 - Animals
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