Overview
What is Gloucester Fishing Community Preservation Fund Inc?
Gloucester Fishing Community Preservation Fund Inc is a small nonprofit organization based in Gloucester, Massachusetts. Its primary mission revolves around preserving and promoting the city's rich fishing heritage, community, and culture. They work diligently to protect and enhance the port of Gloucester and its infrastructure, serving as a central hub for leasing limited access, multi-species fishing permit privileges to fishing vessels based in the city. The organization aims to support local fishermen by acting as a repository and exchange for fishing resources. In summary, the Gloucester Fishing Community Preservation Fund Inc is dedicated to safeguarding the city's fishing industry and fostering awareness of its history and community fabric.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Gloucester Fishing Community Preservation Fund Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization scored exceptionally well in all evaluated categories, demonstrating a solid management structure with a majority of independent board members and no material diversion of assets.
The charity's fiscal responsibility is evident through its program expense ratio, which stands at 81.95%, indicating that a significant portion of its funds is directed towards its mission-related programs. Additionally, the presence of established policies around conflict of interest, whistleblower protections, and document retention further underscores its commitment to ethical governance.
While the data highlights the organization’s strengths, it is important for potential donors and supporters to consider ongoing engagement with the charity. This can provide insights into current initiatives and opportunities for support, ensuring that contributions continue to have a meaningful impact on the Gloucester fishing community.
This AI summary has been generated from information found on Charity Navigator.
Is Gloucester Fishing Community Preservation Fund Inc legitimate?
Gloucester Fishing Community Preservation Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gloucester Fishing Community Preservation Fund 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $105,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,001
For more financial information, click here
What is the mission statement of Gloucester Fishing Community Preservation Fund Inc?
The Gloucester Fishing Community Preservation Fund Inc aims to preserve and promote awareness of the fisheries and heritage of a community, while also protecting and enhancing its ports and infrastructure. Additionally, they serve as a central repository and exchange, providing leasing opportunities for limited access, multi-species fishing permit privileges to fishing vessels based in the area. Their mission is focused on aiding fishermen and ensuring the sustainability of their livelihoods.
Who is the CEO of Gloucester Fishing Community Preservation Fund Inc?
Vito Giacalone is the Executive Director/Director of Gloucester Fishing Community Preservation Fund Inc.
What is the revenue of Gloucester Fishing Community Preservation Fund Inc?
Gloucester Fishing Community Preservation Fund Inc's revenue in 2022 was $497,853.
Who are the executives of Gloucester Fishing Community Preservation Fund Inc and what are their salaries?
The average compensation at Gloucester Fishing Community Preservation Fund Inc during 2022 was $65,000. There are 2 employees at Gloucester Fishing Community Preservation Fund Inc.
Here are 6 key members and their salaries:
- Compensation: $105,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Gloucester Fishing Community Preservation Fund Inc?
Gloucester Fishing Community Preservation Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gloucester Fishing Community Preservation Fund Inc
The Gloucester Fishing Community Preservation Fund Inc is dedicated to preserving and promoting the awareness of Gloucester's fisheries, heritage, and the community's fabric. This nonprofit organization strives to protect and enhance the port of Gloucester and its infrastructure. In addition, it serves as a central repository and exchange, leasing limited access, multi-species fishing permit privileges to fishing vessels based in Gloucester. By doing so, the organization aims to aid fishermen and contribute to the preservation of the fishing industry in Gloucester.
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Impact
July, 2024
Gloucester Fishing Community Preservation Fund Inc plays a crucial role in preserving and promoting awareness of Gloucester's fisheries, heritage, and community fabric. Additionally, the organization works towards protecting and enhancing the Port of Gloucester and its infrastructure. By serving as a central repository and exchange for the leasing of limited access, multi-species fishing permit privileges to fishing vessels based in Gloucester, the fund aids local fishermen. Through its initiatives, Gloucester Fishing Community Preservation Fund Inc actively contributes to the sustainability and livelihood of the Gloucester fishing community.
This information is meant to be a general summary of Gloucester Fishing Community Preservation Fund 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: $1,625
- Program Service Revenue: $496,228
- Gross Receipts: $497,853
Assets and Liabilities:
- Total Assets: $12,263,156
- Total Liabilities: $213,019
- Net Assets: $12,050,137
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Permit Lease Revenue
Revenue
$496,228
Organization Details
Founding Year
2007
Phone
(978) 281-1770Principal Officer
Vito Giacalone
Main Address
10 WITHAM STREET, GLOUCESTER, MA, 019304505
NTEE Category
Code: C32 - Environment
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