Overview
What is Commercial Fisheries Research Foundation?
The Commercial Fisheries Research Foundation is a Rhode Island-based nonprofit organization with a mission to promote sustainable fisheries through research and education. They generate better information and effective technologies by conducting and supporting projects, such as the American Lobster Maturity Assessment. This project monitors the impact of increased water temperatures on lobster sizes at maturity and growth patterns in the Atlantic region. The foundation, which employs a team of 11 individuals, aims to ensure the long-term health and productivity of fisheries for future generations.
Official website here: www.cfrfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 95%, Four-Star out of Four Star rating.
The Commercial Fisheries Research Foundation has received a commendable Four-Star rating from Charity Navigator, based on an impressive overall score of 95%. This high rating indicates a strong commitment to accountability and finance, evaluated through a single beacon score. The charity excels in various financial metrics, suggesting effective management of resources and transparency.
Strengths of the organization include a fully independent board and robust financial oversight, with no material diversion of assets reported. Their financial statements reflect a high program expense ratio of 84.08%, indicating that a significant portion of their funds is dedicated to their mission-driven programs. Furthermore, their fundraising efficiency is exceptional, underscoring effective fundraising strategies.
No significant limitations were noted in the data reviewed, demonstrating a well-structured organization with sound financial practices. The presence of essential policies, such as conflict of interest and whistleblower policies, further enhances their reputation for accountability. Overall, the Commercial Fisheries Research Foundation appears to be a trustworthy nonprofit dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Commercial Fisheries Research Foundation legitimate?
Commercial Fisheries Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commercial Fisheries Research Foundation 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: $144,273
Professional Fundraising Fees: $0
Other Salaries and Wages: $604,563
For more financial information, click here
Official website here: www.cfrfoundation.org
What is the mission statement of Commercial Fisheries Research Foundation?
The Commercial Fisheries Research Foundation is dedicated to furthering sustainable fisheries through research and education. By generating better information and effective technologies, this organization aims to support the fisheries sector in achieving long-term sustainability. One of their ongoing projects, the Atlantic State Marine Fisheries Commission's American Lobster Maturity Assessment, collects crucial data on lobster maturity and growth patterns to assess the impact of increased water temperatures. This valuable research contributes significantly to the conservation and management of lobster populations.
Official website here: www.cfrfoundation.org
Who is the CEO of Commercial Fisheries Research Foundation?
Fred Mattera is the President of Commercial Fisheries Research Foundation.
Official website here: www.cfrfoundation.org
What is the revenue of Commercial Fisheries Research Foundation?
Commercial Fisheries Research Foundation's revenue in 2023 was $2,891,319.
Official website here: www.cfrfoundation.org
Who are the executives of Commercial Fisheries Research Foundation and what are their salaries?
The average compensation at Commercial Fisheries Research Foundation during 2023 was $68,076. There are 11 employees at Commercial Fisheries Research Foundation.
Here are 11 key members and their salaries:
- Compensation: $10,000
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- Compensation: $134,273
- Related: $0
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Official website here: www.cfrfoundation.org
Where can I find the form 990 for Commercial Fisheries Research Foundation?
Commercial Fisheries Research Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cfrfoundation.org
Learn more at the official website: www.cfrfoundation.org
Mission Statement of Commercial Fisheries Research Foundation
The Commercial Fisheries Research Foundation, with its mission at heart, strives to support and conduct research and education that contributes to the achievement of sustainable fisheries. By generating better information and effective technologies, this nonprofit organization aims to make a positive impact on fisheries for the benefit of all.
More specifically, the Commercial Fisheries Research Foundation focuses on projects that enhance our understanding of fisheries and their ecosystems. For instance, the Atlantic State Marine Fisheries Commission's American Lobster Maturity Assessment Project, spearheaded by the organization, collects essential data on lobster species to monitor and determine the effects of increased water temperatures on lobster maturity and growth patterns.
In essence, the Commercial Fisheries Research Foundation plays a pivotal role in advancing knowledge and creating innovative solutions to ensure the long-term viability of fisheries. Through their research initiatives, this nonprofit organization empowers various stakeholders, including policymakers, fishermen, and scientists, to make informed decisions that contribute to the health and sustainability of fisheries and the marine environment.
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Impact
October, 2024
The Commercial Fisheries Research Foundation plays a crucial role in supporting sustainable fisheries by conducting research and providing education aimed at improving fishing practices and management. Their initiatives generate valuable data and innovative technologies that assist in understanding and addressing the impacts of environmental changes, such as rising water temperatures, on marine species like American lobster.
Specifically, the Foundation's projects, such as the American Lobster Maturity Assessment Project, collect critical information on lobster sizes at maturity and their growth patterns, which are essential for effective fishery management and conservation efforts. By fostering collaboration and integrating scientific insights into fishing practices, the Foundation contributes to the long-term health of marine ecosystems and the fishing industry.
This information is meant to be a general summary of Commercial Fisheries Research Foundation. 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.
- Investment Income: $2
- Gross Receipts: $2,891,319
Assets and Liabilities:
- Total Assets: $1,486,237
- Total Liabilities: $313,561
- Net Assets: $1,172,676
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Organization Details
Founding Year
2004
Phone
(401) 515-4662Principal Officer
Fred Mattera
Main Address
PO BOX 278, SAUNDERSTOWN, RI, 02874
Website
www.cfrfoundation.orgNTEE Category
Code: D99 - Animals
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