Overview
What is Gb Cod Fixed Gear Sector Inc?
Gb Cod Fixed Gear Sector Inc is a cooperative group of small, dayboat fishermen on Cape Cod, Massachusetts. They have voluntarily joined forces to manage the sustainable allocation of fish annually. Members of this sector commit to adhering to catch limits and cease fishing once quotas have been reached, ensuring the preservation of fish populations for future generations. The federal government, specifically the National Marine Fisheries Service, grants these quotas to the sector, which consists of fishermen who have established their organization in accordance with state and federal tax regulations. During the 2020 fishing year, they harvested approximately 17.32 million pounds of various fish and shellfish species and went on over 1,767 trips. This sector's proactive approach to managing fish quotas is crucial for the long-term health of fish populations.
Is Gb Cod Fixed Gear Sector Inc legitimate?
Gb Cod Fixed Gear Sector Inc is a legitimate nonprofit organization registered as a 501(c)(5) entity. Gb Cod Fixed Gear Sector Inc 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 Gb Cod Fixed Gear Sector Inc?
The Georges Bank Cod Fixed Gear Sector is a cooperative group of small, dayboat fishermen on a mission to sustainably manage annual fish allocations. Members commit to fishing within set limits and cease fishing once quotas are met, ensuring the preservation of fish populations for future generations. The federal government, specifically the National Marine Fisheries Service, grants these quotas to the sector, which is composed of fishermen who have established and complied with both state and federal tax requirements.
Who is the CEO of Gb Cod Fixed Gear Sector Inc?
Greg Connors is the President of Gb Cod Fixed Gear Sector Inc.
What is the revenue of Gb Cod Fixed Gear Sector Inc?
Gb Cod Fixed Gear Sector Inc's revenue in 2022 was $383,995.
Who are the executives of Gb Cod Fixed Gear Sector Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Gb Cod Fixed Gear Sector Inc?
Gb Cod Fixed Gear Sector Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gb Cod Fixed Gear Sector Inc
The Georges Bank Cod Fixed Gear Sector Inc is a proactive group of small, dayboat fishermen on Cape Cod who have come together voluntarily to cooperatively manage annual allocations of fish. Their mission is to ensure the sustainable management of fish populations for future generations. Members of this sector agree to fish within sustainable limits and to cease fishing once quotas have been met. The Federal Government, specifically the National Marine Fisheries Service, recognizes this organization and provides the quotas to the sector, which includes fishermen who have developed and incorporated their organization in compliance with state and federal tax requirements. This collaborative approach allows for the responsible allocation of fish resources and the preservation of marine life for future generations. By working together, the members of Georges Bank Cod Fixed Gear Sector Inc aim to protect fish populations and support the long-term viability of the fishing industry. The cooperative nature of this organization enables its members to make informed decisions about fishing practices and quotas, ultimately contributing to the overall health of the fishery.
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Impact
October, 2024
Gb Cod Fixed Gear Sector Inc plays a significant role in promoting sustainable fishing practices and the conservation of marine ecosystems. By fostering a cooperative among small, dayboat fishermen on Cape Cod, the organization helps manage fish populations responsibly. Members adhere to sustainable fishing limits and discontinue fishing once quotas are met, directly contributing to the protection of vulnerable fish stocks for future generations.
During the 2020 fishing year, the sector successfully landed approximately 17.32 million pounds of 51 different fish and shellfish species, demonstrating effective resource management while minimizing the harvest of depleted stocks. This approach not only supports the local fishing community's economic viability but also ensures the long-term health of marine resources.
Furthermore, the sector's ability to stay within budget and comply with reporting requirements reflects a commitment to accountability and governance, which further enhances its positive impact on the region's fisheries management and marine conservation efforts. By emphasizing the importance of sustainability, Gb Cod Fixed Gear Sector Inc sets a precedent for responsible fishing practices and contributes to the overall health of marine ecosystems in the Georges Bank area.
This information is meant to be a general summary of Gb Cod Fixed Gear 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8
- Program Service Revenue: $380,487
- Gross Receipts: $383,995
Assets and Liabilities:
- Total Assets: $52,401
- Total Liabilities: $1,201
- Net Assets: $51,200
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
QUOTA LEASE
Revenue
$262,356
AT-SEA MONITORING FEES
Revenue
$94,821
ANNUAL FEE
Revenue
$23,310
Organization Details
Founding Year
2007
Phone
(508) 945-2432Principal Officer
Greg Connors
Main Address
1566 MAIN STREET, CHATHAM, MA, 02633
NTEE Category
Code: D33 - Animals
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