Overview
What is Southern Southeast Regional Aquaculture?
Southern Southeast Regional Aquaculture (SSRAA) is a nonprofit organization based in Ketchikan, Alaska. Dedicated to optimizing the social and economic benefits of salmon resources in Southern Southeast Alaska, SSRAA operates seven hatcheries and six remote release sites to enhance and rehabilitate salmon production. Through these efforts, SSRAA releases millions of chum fry each year, leading to significant economic gains for the region. The commercial fisheries, primarily made up of independent small businesses, are the largest beneficiaries, generating over $7 million in exvessel value in 2021. In addition, numerous commercial sport charter businesses, resident sport fishermen, personal use fishermen, and subsistence fishermen also benefit from SSRAA's salmon returns. The organization's mission is to maximize the potential of salmon resources for the benefit of all resource users. With a workforce of 76 employees, SSRAA plays a crucial role in the local economy and ecosystem.
Official website here: www.ssraa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%
Southern Southeast Regional Aquaculture has received a Four-Star out of Four Star rating from Charity Navigator, reflecting a strong performance in Accountability and Finance. The organization excels with a score of 91%, indicating effective financial management and a commitment to transparency. The presence of a fully independent board, along with a high program expense ratio, suggests that the majority of its resources are allocated towards its mission-related activities.
The nonprofit's strengths include a robust governance structure, evidenced by independent board members and a comprehensive audit and oversight committee. Additionally, key policies, such as conflict of interest and document retention, are in place, which further enhance its accountability. However, the absence of a whistleblower policy is noted as a limitation and could indicate a potential gap in organizational safeguards.
Overall, Southern Southeast Regional Aquaculture demonstrates a solid financial footing and an effective operational framework. While it has a few areas for improvement, the organization's strong commitment to accountability positions it well in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Southern Southeast Regional Aquaculture legitimate?
Southern Southeast Regional Aquaculture is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Southeast Regional Aquaculture 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,062,425
For more financial information, click here
Official website here: www.ssraa.org
What is the mission statement of Southern Southeast Regional Aquaculture?
The Southern Southeast Regional Aquaculture (SSRAA) aims to enhance and rehabilitate salmon production in southern Southeast Alaska to the maximum social and economic benefit for all salmon users. This objective is achieved through the operation of seven hatcheries and six remote release sites, leading to significant returns for various fishermen, including commercial, sport charter businesses, and subsistence fishermen. The chum salmon program, in particular, generated approximately $7 million in exvessel value for the commercial fleet in 2021, bringing substantial economic impact to regional communities.
Official website here: www.ssraa.org
Who is the CEO of Southern Southeast Regional Aquaculture?
Susan Doherty is the Board Vice President of Southern Southeast Regional Aquaculture.
Official website here: www.ssraa.org
What is the revenue of Southern Southeast Regional Aquaculture?
Southern Southeast Regional Aquaculture's revenue in 2022 was $7,649,516.
Official website here: www.ssraa.org
Who are the executives of Southern Southeast Regional Aquaculture and what are their salaries?
The average compensation at Southern Southeast Regional Aquaculture during 2022 was $40,295. There are 76 employees at Southern Southeast Regional Aquaculture.
Here are 22 key members and their salaries:
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- Compensation: $134,589
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- Other: $6,729
Official website here: www.ssraa.org
Where can I find the form 990 for Southern Southeast Regional Aquaculture?
Southern Southeast Regional Aquaculture's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ssraa.org
Learn more at the official website: www.ssraa.org
Mission Statement of Southern Southeast Regional Aquaculture
Southern Southeast Regional Aquaculture, or SSRAA, is a mission-driven organization dedicated to enhancing and rehabilitating salmon resources in southern Southeast Alaska. By implementing various programs in their seven hatcheries and six remote release sites, SSRAA strives to optimize the economic and social benefits of these valuable resources for all salmon users.
The core activity of SSRAA revolves around producing returning adult salmon. This is achieved through their hatcheries and release sites, which contribute significantly to the abundant salmon stocks in the region. The commercial salmon fleets, consisting of independent small businesses such as seine, drift gillnet, hand troll, and power troll permit holders, are the primary beneficiaries of SSRAA's efforts. These fishermen, along with commercial sport charter businesses, non-guided resident sport fishermen, personal use fishermen, and subsistence fishermen, all rely on SSRAA's chum salmon returns for their livelihoods.
In 2022, SSRAA released 200.282 million chum fry. The exvessel value generated from these returns for the commercial fleet amounted to $7,137,246 in 2021. This economic impact extends beyond the commercial sector, as the wholesale value to regional communities is estimated to be roughly double that figure. SSRAA's commitment to optimizing salmon production not only supports the local economy but also ensures the continued availability of this important natural resource for generations to come.
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Impact
October, 2024
Southern Southeast Regional Aquaculture (SSRAA) significantly impacts the salmon resources in Southern Southeast Alaska, enhancing both the ecological and economic landscape of the region. By operating seven hatcheries and six remote release sites, SSRAA plays a pivotal role in boosting salmon production, particularly chum salmon. In 2022, approximately 200.3 million chum fry were released, contributing to a robust salmon population that benefits a diverse array of users.
The commercial salmon fleets are the primary beneficiaries, with thousands of fishermen—280 seine permit holders, 473 drift gillnet permit holders, 910 hand troll permit holders, and 959 power troll permit holders—capitalizing on the enhanced salmon runs. The economic impact is substantial; in 2021 alone, SSRAA's chum salmon program generated over $7 million in exvessel value for these commercial fleets. This figure is likely to be doubled within local communities when considering wholesale value, underscoring the vital role SSRAA plays in the regional economy.
Beyond the commercial sector, SSRAA also supports recreational and subsistence fishing, benefiting numerous sport charter businesses and individual fishermen. The augmented salmon populations foster a rich fishing culture, ensuring that both local livelihoods and traditions are sustained. Overall, SSRAA is instrumental in maintaining a thriving ecosystem that aligns with the social and economic interests of the entire fishing community in Southern Southeast Alaska.
This information is meant to be a general summary of Southern Southeast Regional Aquaculture. 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: $9,834
- Program Service Revenue: $2,196,942
- Gross Receipts: $7,649,516
Assets and Liabilities:
- Total Assets: $27,588,650
- Total Liabilities: $19,917,635
- Net Assets: $7,671,015
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract Revenues
Revenue
$2,155,772
On-Site Housing
Revenue
$41,000
Access Fees
Revenue
$170
Organization Details
Founding Year
1976
Phone
(907) 225-9605Principal Officer
Susan Doherty
Main Address
14 Borch Street, Ketchikan, AK, 99901
Website
www.ssraa.orgNTEE Category
Code: D330 - Animals
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