Overview
What is Sustainable Fisheries Partnership Foundation?
The Sustainable Fisheries Partnership Foundation (SFP) is a nonprofit organization committed to engaging and catalyzing global seafood supply chains toward rebuilding depleted fish stocks and reducing the environmental impacts of fishing and fish farming. Based in Honolulu, Hawaii, SFP collaborates with various stakeholders, including major retailers, restaurant chains, seafood brand owners, buyers, producers, NGOs, and fisheries management and scientific institutions. Their initiatives revolve around five key areas: the Target 75 (T75) initiative, Protecting Ocean Wildlife, Supporting Small-Scale Fisheries, Improving Fisheries Management, and Promoting Sustainable Aquaculture. SFP structures its work around these initiatives to ensure a more sustainable seafood industry, with a focus on large-scale change and improvement.
Official website here: www.sustainablefish.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating) from Charity Navigator.
The Sustainable Fisheries Partnership Foundation has earned a high score of 97%, reflecting strong accountability and financial management. This rating is derived entirely from their Accountability & Finance score, where they excel in various areas, including having a fully independent board and robust financial oversight practices. Their commitment to transparency is further demonstrated through the availability of key documents and policies on their website.
The organization shows a commendable program expense ratio of 80.84%, indicating that a significant portion of their funding is directed towards their mission-related activities. Furthermore, they maintain an impressive fundraising efficiency ratio of just $0.02, which suggests they are able to raise funds effectively and with minimal costs. Their low liabilities to assets ratio of 13.10% reflects a solid financial footing and prudent management of resources.
While the overall data highlights the strengths of the Sustainable Fisheries Partnership Foundation, it is important for potential donors to consider that such high ratings may not provide a complete picture of the organization's impact. Existing feedback does not indicate specific programmatic outcomes or beneficiary testimonials, which could provide additional context to their financial performance and accountability. Overall, they are positioned as a financially responsible organization within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Sustainable Fisheries Partnership Foundation legitimate?
Sustainable Fisheries Partnership Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sustainable Fisheries Partnership Foundation 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: $791,320
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,681,908
For more financial information, click here
Official website here: www.sustainablefish.org
What is the mission statement of Sustainable Fisheries Partnership Foundation?
The Sustainable Fisheries Partnership Foundation aims to engage and catalyze global seafood supply chains to rebuild depleted fish stocks and minimize the environmental impact of fishing and fish farming. They achieve this by collaborating with various stakeholders, including retailers, producers, NGOs, and scientific institutions. Their work is structured around five initiatives: the Target 75 initiative, Protecting Ocean Wildlife, Supporting Small-Scale Fisheries, Improving Fisheries Management, and Promoting Sustainable Aquaculture. Through these initiatives, they aim to create large-scale change, reduce bycatch, support small-scale fisheries, improve fisheries management, and promote sustainable aquaculture. Their efforts cover major projects in Asia, Europe, and North and South America.
Official website here: www.sustainablefish.org
Who is the CEO of Sustainable Fisheries Partnership Foundation?
James Cannon is the Director, Chairman of Sustainable Fisheries Partnership Foundation. The CEO's salary of Sustainable Fisheries Partnership Foundation is $354,900 and their total compensation is $381,630.
Official website here: www.sustainablefish.org
What is the revenue of Sustainable Fisheries Partnership Foundation?
Sustainable Fisheries Partnership Foundation's revenue in 2022 was $7,166,463.
Official website here: www.sustainablefish.org
Who are the executives of Sustainable Fisheries Partnership Foundation and what are their salaries?
The average compensation at Sustainable Fisheries Partnership Foundation during 2022 was $165,675. There are 27 employees at Sustainable Fisheries Partnership Foundation.
Here are 17 key members and their salaries (Sustainable Fisheries Partnership Foundation's CEO's salary is $354,900 and their total compensation is $381,630):
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- Compensation: $354,900
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- Other: $26,730
- Compensation: $202,162
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- Other: $24,064
- Compensation: $140,080
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- Compensation: $134,349
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- Other: $13,225
- Compensation: $144,412
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- Other: $31,344
Official website here: www.sustainablefish.org
Where can I find the form 990 for Sustainable Fisheries Partnership Foundation?
Sustainable Fisheries Partnership Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sustainablefish.org
Learn more at the official website: www.sustainablefish.org
Mission Statement of Sustainable Fisheries Partnership Foundation
Sustainable Fisheries Partnership Foundation (SFP) is a leading organization dedicated to engaging and catalyzing global seafood supply chains towards rebuilding depleted fish stocks and reducing the environmental impacts of fishing and fish farming. By bringing together diverse stakeholders, including major retailers, restaurant chains, seafood brand owners, buyers, producers, NGOs, and fisheries management institutions, SFP strives to improve fisheries practices and policies.
SFP's mission is twofold: to ensure the sustainability of wild-capture fisheries and promote responsible aquaculture practices. The organization structures its work around five initiatives. One of these initiatives, the Target 75 (T75), aims to ensure that a significant portion of the most commonly consumed seafood types in North America, Europe, and Japan is sustainable or making verifiable improvements. Another initiative, Protecting Ocean Wildlife, focuses on reducing bycatch in longline tuna fisheries and promoting gear innovation to minimize the risk of harm to endangered marine species.
SFP also prioritizes supporting small-scale fisheries by building enabling conditions for positive change in fisheries governance systems and fairer distribution of benefits. Additionally, the organization works to improve fisheries management policies and governance at the regional level to achieve stronger environmental protections and more sustainable fisheries. Lastly, SFP promotes sustainable aquaculture by engaging international markets, fish farmers, and local communities to ensure a reliable and safe supply of farmed seafood.
Through industry-led fishery improvement projects (FIPs) and aquaculture improvement projects (AIPs), SFP seeks to influence policies and management practices to improve the sustainability of fishing and fish farming operations. These projects are designed to be led by industry and to function as continuous improvement vehicles, setting their own improvement objectives and milestones. SFP currently advises and monitors progress in 199 FIPs and 10 AIPs worldwide.
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Impact
October, 2024
The Sustainable Fisheries Partnership Foundation (SFP) has a significant impact on global seafood sustainability through its multifaceted initiatives. SFP engages stakeholders across the seafood supply chain—including major retailers, seafood producers, and conservation organizations—working collaboratively to improve fishing practices and policies. The foundation's commitment to ensuring that 75% of seafood is sustainable or on a path to improvement is exemplified in its Target 75 initiative, which aims for transformative change across 13 key seafood sectors.
SFP is actively addressing the critical issue of bycatch, helping to develop innovative solutions to minimize the accidental capture of endangered species like sharks, seabirds, and marine mammals. Its Protecting Ocean Wildlife initiative includes partnerships that promote gear innovations and implement bycatch audits.
Recognizing the unique challenges faced by small-scale fisheries, SFP works to enhance fishing rights and governance. By facilitating dialogues and decision-making processes, it empowers local fishers and fosters equitable benefits in fisheries management.
Simultaneously, SFP advocates for improved fisheries management by pushing for stronger policies and enforcement at both national and regional levels. This not only leads to more sustainable fish stocks but also enhances the economic viability of fishing communities.
In the realm of aquaculture, SFP promotes sustainable practices by educating fish farmers and engaging them in responsible sourcing. Its FishSource platform serves as a vital resource, providing current and actionable information regarding the status of fish stocks and aquaculture practices.
Recent accomplishments reflect SFP's effectiveness: it played a pivotal role in streamlining licensing processes for nearly 3,000 Peruvian vessels, supported scientific research for mahi-mahi populations, and influenced market practices to combat illegal fishing in the Philippines.
Through these collective efforts, the SFP is catalyzing positive changes that lead to healthier ocean ecosystems and more resilient seafood supply chains worldwide.
This information is meant to be a general summary of Sustainable Fisheries Partnership Foundation. 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: $578
- Program Service Revenue: $543,474
- Gross Receipts: $7,166,463
Assets and Liabilities:
- Total Assets: $6,339,858
- Total Liabilities: $830,995
- Net Assets: $5,508,863
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Metrics income
Revenue
$295,903
Fishery technical supp
Revenue
$247,571
Organization Details
Founding Year
2009
Phone
(808) 726-2582Principal Officer
James Cannon
Main Address
4348 Waialae Avenue 692, Honolulu, HI, 96816
Website
www.sustainablefish.orgNTEE Category
Code: D33 - Animals
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