Overview
What is Fort Bragg Groundfish Conservation Trust?
The Fort Bragg Groundfish Conservation Trust is a nonprofit organization that fosters sustainable fishing practices along the West Coast of the United States for local fishing operations. By increasing opportunities for these businesses to engage in eco-friendly fishing activities, the Trust aims to promote conservation and develop these ventures in a responsible manner.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 44%, Zero-Star out of Four Star rating.
The Fort Bragg Groundfish Conservation Trust has received a low rating of 44%, reflecting concerns primarily related to its financial accountability and transparency. The score indicates that the organization has significant room for improvement in managing its resources effectively, as highlighted by a program expense ratio of only 34.25%, which suggests that a relatively small portion of its budget is dedicated to its mission-driven programs.
On a positive note, the organization has a completely independent board, which is a strength in terms of governance and oversight. Additionally, it has implemented policies for conflict of interest, whistleblower protections, and document retention, indicating some level of commitment to ethical practices. However, the absence of critical documents on its website and the low ratio of liabilities to assets raise red flags about its financial health and operational transparency.
Overall, while there are elements of governance that are commendable, the Fort Bragg Groundfish Conservation Trust needs to address its financial management and reporting issues to improve its standing and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Fort Bragg Groundfish Conservation Trust legitimate?
Fort Bragg Groundfish Conservation Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Bragg Groundfish Conservation 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: $28,642
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Fort Bragg Groundfish Conservation Trust?
The Fort Bragg Groundfish Conservation Trust works towards expanding the possibilities for local fishing businesses to engage in sustainable practices along the Western coast of the United States. They promote the growth of these eco-friendly fishing opportunities, ensuring that conservation is a priority. By fostering sustainable fishing activities, the Trust contributes to the long-term health of the marine ecosystem and the viability of the fishing industry. The Trust's efforts aim to benefit not only the local economy but also the environment, ensuring a sustainable future for both.
What is the revenue of Fort Bragg Groundfish Conservation Trust?
Fort Bragg Groundfish Conservation Trust's revenue in 2023 was $77,672.
Who are the executives of Fort Bragg Groundfish Conservation Trust and what are their salaries?
The average compensation at Fort Bragg Groundfish Conservation Trust during 2023 was $28,642. There is 1 employee at Fort Bragg Groundfish Conservation Trust.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Fort Bragg Groundfish Conservation Trust?
Fort Bragg Groundfish Conservation Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Fort Bragg Groundfish Conservation Trust
The Fort Bragg Groundfish Conservation Trust is a nonprofit organization that strives to expand the prospects for local fishing operations to engage in sustainable fishing practices along the Western Coast of the United States. Through its initiatives, the Trust fosters the growth of these opportunities in a manner that prioritizes conservation.
In simple terms, the Fort Bragg Groundfish Conservation Trust serves as a catalyst for local fishing businesses to adopt sustainable fishing methods and develop their operations with a focus on preserving marine resources. By increasing the availability of sustainable fishing activities, the Trust contributes significantly to the long-term viability of the fishing industry along the West Coast.
The Trust's mission is driven by a deep commitment to both the environment and the local fishing community. By providing opportunities for local fishing operations to participate in sustainable practices, it not only encourages responsible fishing but also helps ensure the long-term health of marine ecosystems. Furthermore, the Trust's efforts to develop these opportunities in a conservation-focused manner ensure that the industry remains sustainable and resilient for future generations.
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Impact
October, 2024
The Fort Bragg Groundfish Conservation Trust significantly enhances the ability of local fishing operations to engage in sustainable fishing practices along the West Coast of the United States. By promoting conservation while developing fishing opportunities, it fosters a balance between economic viability for fishermen and the ecological health of marine ecosystems. This support not only aids fishermen in adapting to sustainable methods but also contributes to the long-term stability of fish populations, ensuring that both the fishing community and the environment can thrive together. The trust's initiatives help preserve biodiversity while empowering local economies, creating a positive impact on coastal communities and marine conservation efforts.
This information is meant to be a general summary of Fort Bragg Groundfish Conservation 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 2023.
- Program Service Revenue: $77,672
- Gross Receipts: $77,672
Assets and Liabilities:
- Total Assets: $1,398,407
- Total Liabilities: $0
- Net Assets: $1,398,407
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE INCOME
Revenue
$77,672
Organization Details
Founding Year
2014
Principal Officer
Michelle Norvell
NTEE Category
Code: D33 - Animals
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