Overview
What is Ouzinkie Community Holding Corporation?
The Ouzinkie Community Holding Corporation, based in Kodiac, Alaska at 4022 Cliffside Road, is a nonprofit organization dedicated to managing the community's fishing infrastructure programs. Specifically, it oversees the National Marine Fisheries Service (NMFS) Community Quota Entity (CQE) program and other community fishing initiatives on behalf of the Ouzinkie community. Their mission is to ensure the effective management of these programs, ultimately benefiting the community's fishing industry and local economy.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40% (Zero-Star out of Four Star rating)
Ouzinkie Community Holding Corporation has received a 40% rating from Charity Navigator, which indicates significant concerns regarding its accountability and financial management. The organization has not demonstrated independence in its board members, receiving a score of 0% for majority independent board members. Additionally, various key governance policies, such as conflict of interest and whistleblower policies, are missing, which is detrimental to its transparency and accountability.
On a positive note, the nonprofit has demonstrated a high program expense ratio of 100%, indicating that all of its expenses are directed towards its programs. However, the high liabilities to assets ratio of 66.78% raises concerns about its financial stability. The lack of a publicly listed website and missing documents related to governance further contribute to the organization's low overall score.
In summary, while Ouzinkie Community Holding Corporation effectively directs its resources towards programs, it faces serious challenges in governance and financial accountability. The absence of independent board members and missing essential policies suggest a need for improvement in its operational practices to enhance trust and transparency among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Ouzinkie Community Holding Corporation legitimate?
Ouzinkie Community Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ouzinkie Community Holding Corporation 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.
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What is the mission statement of Ouzinkie Community Holding Corporation?
The Ouzinkie Community Holding Corporation's mission, in essence, is to oversee the National Marine Fisheries Service's Community Quota Entity program and other community fishing initiatives. They operate with the objective of managing these programs on behalf of their community, aiming to ensure sustainable and beneficial use of these resources. Their role primarily involves the administration of community fishing infrastructure programs.
Who is the CEO of Ouzinkie Community Holding Corporation?
Duncan Fields is the President of Ouzinkie Community Holding Corporation.
What is the revenue of Ouzinkie Community Holding Corporation?
Ouzinkie Community Holding Corporation's revenue in 2022 was $59,523.
Who are the executives of Ouzinkie Community Holding Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Ouzinkie Community Holding Corporation?
Ouzinkie Community Holding Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ouzinkie Community Holding Corporation
Ouzinkie Community Holding Corporation, a nonprofit organization, is dedicated to overseeing the National Marine Fisheries Service's Community Quota Entity (CQE) program and various community fishing initiatives. Its primary mission is to manage these programs on behalf of the Ouzinkie community, ensuring the sustainable use of marine resources. By taking charge of the community fishing infrastructure, this organization plays a crucial role in safeguarding the interests of its community members who are involved in the fishing industry.
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Impact
August, 2024
Ouzinkie Community Holding Corporation's impact is significant in managing the National Marine Fisheries Service NMFS Community Quota Entity CQE program and other community fishing programs for the community of Ouzinkie. They are dedicated to overseeing the community fishing infrastructure programs in Kodiak, Alaska, with a mission to effectively manage these programs on behalf of the community. Their efforts contribute to the improvement and sustainability of the local fishing industry, benefiting the residents of Ouzinkie and the broader community.
This information is meant to be a general summary of Ouzinkie Community Holding Corporation. 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.
- Program Service Revenue: $59,523
- Gross Receipts: $59,523
Assets and Liabilities:
- Total Assets: $1,991,825
- Total Liabilities: $1,365,437
- Net Assets: $626,388
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Community Quota Lea
Revenue
$59,523
Organization Details
Founding Year
2005
Principal Officer
Duncan Fields
Main Address
4022 Cliffside Road, KODIAK, AK, 99615
NTEE Category
Code: S20 - Community improvement
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