Overview
What is Prince William Sound Aquaculture Corporation?
The Prince William Sound Aquaculture Corporation is a nonprofit organization based in Cordova, Alaska. Their primary focus is on rehabilitation, enhancement, and development activities within the Prince William Sound and the Copper River region of Alaska. They manage and operate salmon hatcheries under contracts with the state of Alaska, contributing to fishery development and maintenance. The organization's hatcheries and associated costs are as follows: Armin F Koernig Hatchery, Wally Noerenberg Hatchery, Cannery Creek Hatchery, Main Bay Hatchery, and Gulkana Hatchery. Collectively, these efforts aim to create and sustain a viable economy in Alaska by utilizing natural resources and managing hatcheries for the state. The corporation employs a team of 154 individuals.
Official website here: www.pwsac.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Stars)
The Prince William Sound Aquaculture Corporation has earned a solid Three-Star rating from Charity Navigator, primarily based on its accountability and financial management. The organization demonstrates a strong governance structure, with an independent board composed of 100% independent members. This indicates a commitment to transparency and ethical oversight, which is crucial for maintaining donor trust.
However, there are areas for improvement. While the organization has scored well in many aspects of accountability, it has received a score of zero for having missing policies, such as a whistleblower policy and a document retention and destruction policy. Additionally, the nonprofit has not posted its tax form on its website, which limits accessibility for stakeholders seeking more information on financial practices.
Financially, the organization shows a healthy assets-to-liabilities ratio, with a program expense ratio of 62.26%. This suggests that a significant portion of its expenses goes directly toward its programs, although there is room for enhancement in financial reporting transparency. Overall, while the organization has a strong foundation, addressing its policy gaps could further enhance its reputation and efficacy.
This AI summary has been generated from information found on Charity Navigator.
Is Prince William Sound Aquaculture Corporation legitimate?
Prince William Sound Aquaculture Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prince William Sound Aquaculture Corporation 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: $284,879
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,165,942
For more financial information, click here
Official website here: www.pwsac.com
What is the mission statement of Prince William Sound Aquaculture Corporation?
The Prince William Sound Aquaculture Corporation is dedicated to rehabilitating and developing economic ventures through the utilization of natural resources. They accomplish this by entering into management contracts with the State of Alaska, overseeing the construction and operation of salmon hatcheries. These efforts are aimed at fostering fishery development and maintenance. The organization provides various program services that encompass fisheries rehabilitation, enhancement, and development in Prince William Sound and the Copper River Region of Alaska. The costs associated with each hatchery cover the maintenance and administration of the hatchery, ensuring the successful cultivation of salmon.
Official website here: www.pwsac.com
Who is the CEO of Prince William Sound Aquaculture Corporation?
Geoffrey P Clark is the Current Ceo/ of Prince William Sound Aquaculture Corporation. The CEO's salary of Prince William Sound Aquaculture Corporation is $170,038 and their total compensation is $204,121.
Official website here: www.pwsac.com
What is the revenue of Prince William Sound Aquaculture Corporation?
Prince William Sound Aquaculture Corporation's revenue in 2022 was $20,698,778.
Official website here: www.pwsac.com
Who are the executives of Prince William Sound Aquaculture Corporation and what are their salaries?
The average compensation at Prince William Sound Aquaculture Corporation during 2022 was $28,901. There are 154 employees and 51 volunteers at Prince William Sound Aquaculture Corporation.
Here are 59 key members and their salaries (Prince William Sound Aquaculture Corporation's CEO's salary is $170,038 and their total compensation is $204,121):
- Compensation: $170,038
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- Compensation: $115,677
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- Compensation: $115,500
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- Other: $38,310
- Compensation: $104,900
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- Other: $11,634
- Compensation: $100,292
- Related: $0
- Other: $28,635
Official website here: www.pwsac.com
Where can I find the form 990 for Prince William Sound Aquaculture Corporation?
Prince William Sound Aquaculture Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pwsac.com
Learn more at the official website: www.pwsac.com
Mission Statement of Prince William Sound Aquaculture Corporation
The Prince William Sound Aquaculture Corporation, a key player in Alaskan fishery development, is dedicated to rehabilitation and development activities that foster a sustainable economy through the utilization of natural resources. In pursuit of this mission, the organization enters into management contracts with the State of Alaska for the construction and operation of salmon hatcheries. These hatcheries, which are essential for fishery development and maintenance, are the foundation of the corporation's programming efforts in the Prince William Sound and Copper River region of Alaska.
The corporation's program services encompass fisheries rehabilitation, enhancement, and development activities. Each hatchery, with its unique cost associated with fish culture maintenance and hatchery administration, contributes to the overall mission of the Prince William Sound Aquaculture Corporation. With a commitment to ensuring the health and growth of salmon populations, the organization manages the following hatcheries: Armin F Koernig Hatchery, Wally Noerenberg Hatchery, Cannery Creek Hatchery, Main Bay Hatchery, and Gulkana Hatchery. Through these hatcheries, the corporation nurtures and sustains the valuable natural resources of Alaska, contributing to a thriving economy.
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Impact
October, 2024
Prince William Sound Aquaculture Corporation plays a significant role in the economic and ecological landscape of the Prince William Sound and the Copper River region of Alaska. By focusing on the rehabilitation and enhancement of fisheries, the organization supports the local economy through the development and operation of salmon hatcheries.
The corporation operates several hatcheries, including the Armin F. Koernig Hatchery, Wally Noerenberg Hatchery, Cannery Creek Hatchery, Main Bay Hatchery, and Gulkana Hatchery, with substantial investments allocated to each facility. These operations not only contribute to the immediate job market but also ensure the sustainability of fish populations, which are critical for both commercial and subsistence fishing.
Through its management contracts with the State of Alaska, the corporation engages in activities that bolster fishery development and maintenance. This work enhances local fisheries, leading to increased availability of salmon, a key resource that bolsters the livelihoods of many in the community. Ultimately, Prince William Sound Aquaculture Corporation fosters a viable economy grounded in natural resources while promoting environmental stewardship within the region.
This information is meant to be a general summary of Prince William Sound Aquaculture Corporation. 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: $889,642
- Program Service Revenue: $17,282,916
- Gross Receipts: $20,698,778
Assets and Liabilities:
- Total Assets: $42,358,875
- Total Liabilities: $15,186,203
- Net Assets: $27,172,672
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FISH SALES
Revenue
$17,282,916
Organization Details
Founding Year
1974
Phone
(907) 424-7511Principal Officer
Geoffrey P Clark
Main Address
PO BOX 1110, CORDOVA, AK, 99574
Website
www.pwsac.comNTEE Category
Code: K20 - Food
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