Overview
What is Monterey Bay Fisheries Trust?
Monterey Bay Fisheries Trust is a Santa Cruz, California-based nonprofit organization dedicated to strengthening the viability of commercial fishing businesses in the Monterey Bay area. Their mission is to promote the social, economic, and environmental sustainability of local fisheries. They offer technical assistance, resources, and tools to help fishermen navigate regulations and access relief programs during challenging times like the COVID-19 pandemic. The Trust also continues their Quota Leasing Program, securing local access to sustainable groundfish fishing rights and saving fishermen substantial lease fees. Through partnerships with California FarmLink, they expand fishermen's access to technical assistance and loans, and explore succession planning for retiring fishermen and new entrants. The organization also advocates for infrastructure improvements and the need to support the resilience of fishing communities to state and federal legislators. In the 2020-21 period, they directly assisted ten fishermen, leased 178,000 pounds of local groundfish, and drew over 2,400 views to their web resources for fishing businesses.
Official website here: www.montereybayfisheriestrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Monterey Bay Fisheries Trust has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in various operational metrics. With an overall score of 95%, the organization demonstrates exceptional accountability and finance practices, scoring 96%. Additionally, it excels in constituent feedback, indicating a strong connection and responsiveness to those it serves.
The organization also showcases a solid culture and community engagement score of 91%, illustrating its commitment to fostering a positive environment. Its equity strategies, though slightly lower at 87%, still indicate a proactive approach towards inclusivity and fairness within its operations.
A notable highlight is the perfect score in feedback collection, usage, and practices, which points to its dedication to transparency and continuous improvement. Overall, Monterey Bay Fisheries Trust stands out as a trustworthy organization making significant strides in the fisheries sector.
This AI summary has been generated from information found on Charity Navigator.
Is Monterey Bay Fisheries Trust legitimate?
Monterey Bay Fisheries Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monterey Bay Fisheries Trust 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: $121,080
Professional Fundraising Fees: $0
Other Salaries and Wages: $89,698
For more financial information, click here
Official website here: www.montereybayfisheriestrust.org
What is the mission statement of Monterey Bay Fisheries Trust?
The Monterey Bay Fisheries Trust works towards the sustainable social, economic, and environmental aspects of fisheries. They offer assistance to commercial fishing businesses, providing them with essential tools and resources to navigate regulations and financial aid programs. The Trust's quota leasing program safeguards local access to sustainable fishing rights, saving fishermen substantial lease fees. Through collaborations, they expand fishermen's access to technical assistance and loans, as well as explore succession planning for retiring fishermen and new entrants. The Trust advocates for infrastructure improvements and the importance of supporting fishing community resilience. Their efforts have directly benefited ten fishermen and leased 178,000 pounds of groundfish locally, with over 2,400 views of their web resources for fishing businesses.
Official website here: www.montereybayfisheriestrust.org
Who is the CEO of Monterey Bay Fisheries Trust?
Melissa Mahoney is the Chairman of Monterey Bay Fisheries Trust.
Official website here: www.montereybayfisheriestrust.org
What is the revenue of Monterey Bay Fisheries Trust?
Monterey Bay Fisheries Trust's revenue in 2022 was $509,175.
Official website here: www.montereybayfisheriestrust.org
Who are the executives of Monterey Bay Fisheries Trust and what are their salaries?
The average compensation at Monterey Bay Fisheries Trust during 2022 was $70,259. There are 3 employees and 20 volunteers at Monterey Bay Fisheries Trust.
Here are 7 key members and their salaries:
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- Compensation: $43,637
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- Other: $8,149
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- Compensation: $53,649
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- Other: $15,645
Official website here: www.montereybayfisheriestrust.org
Where can I find the form 990 for Monterey Bay Fisheries Trust?
Monterey Bay Fisheries Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.montereybayfisheriestrust.org
Learn more at the official website: www.montereybayfisheriestrust.org
Mission Statement of Monterey Bay Fisheries Trust
Monterey Bay Fisheries Trust, a nonprofit organization, is dedicated to advancing the social, economic, and environmental sustainability of fisheries in the Monterey Bay area. The Trust's primary mission is to strengthen the viability of commercial fishing businesses and help fishermen navigate regulations and COVID-19 relief programs. Through providing technical assistance, tools, and resources, Monterey Bay Fisheries Trust enables fishing businesses to thrive and fishermen to effectively manage regulations.
Moreover, Monterey Bay Fisheries Trust continues its quota leasing program, securing local access to sustainable groundfish fishing rights and saving fishermen significant amounts in lease fees. The Trust's partnership with California FarmLink broadens fishermen's access to technical assistance and loans while exploring succession planning for retiring fishermen and new entrants. In advocacy efforts, Monterey Bay Fisheries Trust lobbies state and federal legislators for infrastructure improvements and community resilience support. The organization's impact is evident through figures such as 10 fishermen receiving direct technical assistance, 178,000 pounds of groundfish being leased locally, and 2,400 views of web resources for fishing businesses.
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Impact
July, 2024
Monterey Bay Fisheries Trust has a significant impact on the social, economic, and environmental sustainability of Monterey Bay fisheries. By providing technical assistance, tools, and resources, the organization strengthens the viability of commercial fishing businesses in the region. They help fishermen navigate regulations and access COVID relief programs while continuing their quota leasing program. This program protects local access to sustainable groundfish fishing rights, saving fishermen thousands of dollars in lease fees.
Additionally, their partnership with California FarmLink increases fishermen's access to technical assistance and loans, as well as explores succession planning for retiring fishermen and new entrants. The organization also advocates to state and federal legislators for infrastructure improvements and supports fishing community resilience.
In concrete terms, Monterey Bay Fisheries Trust has directly assisted 10 fishermen, leased 178,000 pounds of groundfish locally, and provided web resources that garnered 2,400 views for fishing businesses. Through these efforts, the organization plays a crucial role in ensuring the long-term health and prosperity of Monterey Bay fisheries.
This information is meant to be a general summary of Monterey Bay Fisheries Trust. 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: $72
- Program Service Revenue: $99,920
- Gross Receipts: $509,175
Assets and Liabilities:
- Total Assets: $1,859,299
- Total Liabilities: $276,325
- Net Assets: $1,582,974
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
QUOTA LEASE
Revenue
$99,920
Organization Details
Founding Year
2014
Phone
(831) 233-3101Principal Officer
Melissa Mahoney
Main Address
101 COOPER STREET, SANTA CRUZ, CA, 95060
NTEE Category
Code: D33 - Animals
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