Cape Ann Fisheries Development Corporation C/O Massdevelopment

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

EIN: 043422217 ✦ Gloucester, MA ✦ Designated as a 501(c)(25)

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Overview

What is Cape Ann Fisheries Development Corporation C/O Massdevelopment?

Cape Ann Fisheries Development Corporation C/O Massdevelopment is a nonprofit organization that is primarily involved in the management of a multi-tenant seafood processing facility located at Jodrey State Pier in Gloucester, Massachusetts. Their mission revolves around the construction and management of this facility, which serves as a hub for various seafood processing businesses. This nonprofit, as indicated by its title-holding role, plays a crucial part in the seafood industry, providing a platform for multiple entities to operate and process seafood products efficiently.

Is Cape Ann Fisheries Development Corporation C/O Massdevelopment legitimate?

Cape Ann Fisheries Development Corporation C/O Massdevelopment is a legitimate nonprofit organization registered as a 501(c)(25) entity. Cape Ann Fisheries Development Corporation C/O Massdevelopment 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Cape Ann Fisheries Development Corporation C/O Massdevelopment?

The mission of Cape Ann Fisheries Development Corporation, under the oversight of Massdevelopment, is centered around constructing and managing a multi-tenant seafood processing facility. This endeavor aims to provide a shared platform for various seafood processors, fostering an efficient and collaborative environment in the industry. The corporation's primary objective is to contribute to the seafood processing sector by offering a suitable infrastructure for businesses involved in this field.

Who is the CEO of Cape Ann Fisheries Development Corporation C/O Massdevelopment?

William Grogan is the Director of Cape Ann Fisheries Development Corporation C/O Massdevelopment.

What is the revenue of Cape Ann Fisheries Development Corporation C/O Massdevelopment?

Cape Ann Fisheries Development Corporation C/O Massdevelopment's revenue in 2022 was $508,030.

Who are the executives of Cape Ann Fisheries Development Corporation C/O Massdevelopment and what are their salaries?

There 4 volunteers at Cape Ann Fisheries Development Corporation C/O Massdevelopment.


Here are 4 key members and their salaries:


David Marsh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Grogan (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Stuart Walker (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ricks Frazier (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Cape Ann Fisheries Development Corporation C/O Massdevelopment?

Cape Ann Fisheries Development Corporation C/O Massdevelopment's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Cape Ann Fisheries Development Corporation C/O Massdevelopment

Cape Ann Fisheries Development Corporation C/O Massdevelopment is tasked with overseeing the construction and management of a multi-tenant seafood processing facility. This organization's mission is to establish a comprehensive seafood processing center at Jodrey State Pier in Gloucester, Massachusetts. By managing this facility, Cape Ann Fisheries Development Corporation C/O Massdevelopment aims to provide a shared space for various seafood processors, fostering collaboration and efficiency within the industry. The ultimate goal is to strengthen the local seafood processing sector, contributing to the overall economic growth and sustainability of the region.

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Impact




October, 2024

Cape Ann Fisheries Development Corporation C/O Massdevelopment plays a crucial role in the seafood industry by managing a multi-tenant seafood processing facility at Jodrey State Pier in Gloucester, Massachusetts. This facility provides vital infrastructure for seafood processing, supporting local fishermen and seafood businesses in the area.

The management of this facility contributes to the economic vitality of Gloucester by fostering job creation and sustaining livelihoods in the fishing community. By streamlining the processing of seafood, Cape Ann Fisheries Development Corporation enhances the efficiency and competitiveness of the regional seafood market.

Furthermore, the facility promotes collaboration among various seafood enterprises, allowing for shared resources and knowledge, which can lead to innovation and improved practices within the industry. This collaborative environment ultimately strengthens the seafood supply chain and creates a more resilient local economy.

Additionally, the establishment and management of this facility align with broader goals of sustainability in the fishing industry, supporting responsible practices that benefit both the environment and the local economy. Overall, Cape Ann Fisheries Development Corporation significantly impacts both the seafood sector and the community of Gloucester through its focused efforts on infrastructure and support for seafood processing.




This information is meant to be a general summary of Cape Ann Fisheries Development Corporation C/O Massdevelopment. 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
$508,030 (2022)
Expenses
$411,054 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $755
  • Program Service Revenue: $507,275
  • Gross Receipts: $508,030

Assets and Liabilities:

  • Total Assets: $3,123,151
  • Total Liabilities: $5,134,031
  • Net Assets: -$2,010,880

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$507,275

Organization Details

Founding Year

1997

Principal Officer

William Grogan

Main Address

JODREY STATE PIER - 2 STATE PIER, GLOUCESTER, MA, 01930

NTEE Category

Code: Z99 - Unknown

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