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Xi Northeast Fishery Sector Inc

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

EIN: 270249654 ✦ Portsmouth, NH ✦ Designated as a 501(c)(5)

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Overview

What is Xi Northeast Fishery Sector Inc?

Xi Northeast Fishery Sector Inc is a Portsmouth, NH-based nonprofit organization dedicated to supporting local commercial fishermen. With federal restrictions limiting the amount of product they can sell and the areas they can fish, Xi Northeast Fishery Sector aims to expand sales opportunities for these fishermen. Their mission is to create alternative selling channels, providing a valuable lifeline for the fishermen in the region.

Is Xi Northeast Fishery Sector Inc legitimate?

Xi Northeast Fishery Sector Inc is a legitimate nonprofit organization registered as a 501(c)(5) entity. Xi Northeast Fishery Sector Inc submitted a form 990EZ, 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.

What is the mission statement of Xi Northeast Fishery Sector Inc?

Xi Northeast Fishery Sector Inc aims to help local fishermen overcome federal restrictions on landed pounds and fishing territories by providing new avenues for selling their catches. The organization's mission revolves around empowering these fishermen to continue their livelihoods despite these limitations. By facilitating the sale of their products through alternative channels, Xi Northeast Fishery Sector Inc plays a crucial role in supporting the local fishing community.

Who is the CEO of Xi Northeast Fishery Sector Inc?

Fanel Dobre is the Vice President of Xi Northeast Fishery Sector Inc.

What is the revenue of Xi Northeast Fishery Sector Inc?

Xi Northeast Fishery Sector Inc's revenue in 2022 was $65,899.

Who are the executives of Xi Northeast Fishery Sector Inc and what are their salaries?


Here are 4 key members and their salaries:


James Hayward (President/Treasurer/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fanel Dobre (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Bills (Clerk/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kurt Lang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Xi Northeast Fishery Sector Inc?

Xi Northeast Fishery Sector Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Xi Northeast Fishery Sector Inc

Xi Northeast Fishery Sector Inc, located in Portsmouth, New Hampshire, is dedicated to supporting the local commercial fishery sector. With federal restrictions limiting the pounds that can be landed and territories that can be fished, this organization aims to provide an alternative means for fishermen to sell their products.

Xi Northeast Fishery Sector's mission is to empower local fishermen by enabling them to access additional sales channels. By doing so, the organization helps to mitigate the impact of federal restrictions on their livelihoods. This mission is crucial for the sustainable operation of the commercial fishery sector in the region.

Xi Northeast Fishery Sector's role in the community goes beyond just facilitating sales. By providing these additional avenues for fishermen to sell their catches, the organization contributes to the economic stability of the fishing industry and the local economy as a whole. Furthermore, by working to ensure that fishermen can continue to make a living from their trade, Xi Northeast Fishery Sector is playing a vital role in preserving the tradition and culture of commercial fishing in the area.

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Impact




October, 2024

Xi Northeast Fishery Sector Inc actively supports local fishermen by providing alternative methods for selling their products. In an industry constrained by federal restrictions on both the quantity of fish that can be landed and the areas where fishing is permitted, this organization plays a crucial role in facilitating access to markets for local fisheries. By managing the commercial fishery sector, Xi Northeast Fishery Sector Inc helps to ensure the economic viability of fishing communities in Portsmouth, NH, while promoting sustainable fishing practices and preserving the region’s maritime traditions. Their impact extends beyond just economic support; it fosters resilience within the fishing community, encourages local entrepreneurship, and contributes to maintaining the cultural heritage associated with fishing in the area.




This information is meant to be a general summary of Xi Northeast Fishery Sector Inc. 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
$65,899 (2022)
Expenses
$88,767 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $101
  • Program Service Revenue: $60,350
  • Gross Receipts: $65,899

Assets and Liabilities:

  • Total Assets: $342,855
  • Total Liabilities: $514,840
  • Net Assets: -$171,985

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Organization Details

Principal Officer

Fanel Dobre

Main Address

1 PIERCE ISLAND RD, PORTSMOUTH, NH, 03801

NTEE Category

Code: D33 - Animals

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