Overview
What is Sustainable Harvest Sector?
Sustainable Harvest Sector is a nonprofit organization situated in Somersworth, New Hampshire. Their primary focus is to sustain and enhance commercial fisheries by accurately monitoring and allocating catch data for their membership and the U.S. government. They achieve this by providing information and support to fishermen in a collaborative manner, allowing for the annual allocation of allowable catch for various species. With a small team of one dedicated individual, Sustainable Harvest Sector plays a crucial role in ensuring the sustainability of commercial fisheries.
Official website here: www.groundfish.org
Is Sustainable Harvest Sector legitimate?
Sustainable Harvest Sector is a legitimate nonprofit organization registered as a 501(c)(5) entity. Sustainable Harvest Sector 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: $90,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.groundfish.org
What is the mission statement of Sustainable Harvest Sector?
The mission of Sustainable Harvest Sector is to improve and preserve commercial fisheries by offering information and aid to fishermen collectively. This is done to appropriately distribute the yearly allowable catch of various species. The organization plays a crucial role in monitoring and allocating catch data for its members and the government, aiming to sustain and enhance the fisheries sector.
Official website here: www.groundfish.org
Who is the CEO of Sustainable Harvest Sector?
Frank Patania is the Director of Sustainable Harvest Sector.
Official website here: www.groundfish.org
What is the revenue of Sustainable Harvest Sector?
Sustainable Harvest Sector's revenue in 2022 was $1,606,353.
Official website here: www.groundfish.org
Who are the executives of Sustainable Harvest Sector and what are their salaries?
The average compensation at Sustainable Harvest Sector during 2022 was $90,000. There is 1 employee at Sustainable Harvest Sector.
Here are 6 key members and their salaries:
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Official website here: www.groundfish.org
Where can I find the form 990 for Sustainable Harvest Sector?
Sustainable Harvest Sector's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.groundfish.org
Learn more at the official website: www.groundfish.org
Mission Statement of Sustainable Harvest Sector
Sustainable Harvest Sector, an organization dedicated to the field of commercial fishing, aims to enhance and maintain these vital marine resources. They accomplish this by providing valuable information and support to fishermen in a collaborative manner. This cooperative approach allows for the equitable allocation of the allowable catch of various fish species on an annual basis. The primary goal of Sustainable Harvest Sector is to preserve and enhance commercial fisheries, ensuring their longevity and sustainability for future generations.
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Impact
October, 2024
Sustainable Harvest Sector significantly impacts the health and viability of commercial fisheries by fostering cooperation among fishermen and providing essential data and support. By effectively monitoring and allocating catch data, it ensures that fisheries operate sustainably, thereby protecting marine ecosystems and promoting responsible fishing practices. The organization's efforts enable fishermen to manage their resources wisely, which helps maintain fish populations and biodiversity.
By focusing on multispecies allocations, Sustainable Harvest Sector enhances the overall stability of the fishing industry, allowing for more predictable catches while minimizing overfishing risks. This approach not only supports the livelihood of those in the fishing community but also contributes to the broader goal of sustainable food systems. Through its initiatives, the organization plays a crucial role in balancing economic needs with environmental stewardship, ensuring that commercial fisheries can thrive both now and in the future.
This information is meant to be a general summary of Sustainable Harvest Sector. 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: $3,863
- Program Service Revenue: $1,594,862
- Gross Receipts: $2,465,087
Assets and Liabilities:
- Total Assets: $402,179
- Total Liabilities: $36,848
- Net Assets: $365,331
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SECTOR APPLICATION FEES
Revenue
$2,500
DUES & MEMBERSHIPS
Revenue
$185,268
AT SEA MONITORING
Revenue
$9,177
MONITORING FOR MEMBERS
Revenue
$1,397,917
Organization Details
Founding Year
2009
Principal Officer
Frank Patania
Main Address
PO BOX 667, SOMERSWORTH, NH, 03878
Website
www.groundfish.orgNTEE Category
Code: K20 - Food
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