Overview
What is Douglas Island Pink & Chum Inc?
Douglas Island Pink & Chum Inc, a nonprofit organization based in Juneau, Alaska, operates two hatcheries, Macaulay and Snettisham, and twelve remote rearings and release sites to enhance the state's common property fisheries. The organization, authorized by the State of Alaska, contributes to the economy, society, and culture by sustaining and enhancing valuable salmon resources. With a workforce of 60 employees, they aim to generate 70% of their production for common property fisheries and 30% for cost recovery harvest. In the reporting period of 2021, their Chum Salmon return was impressive, reaching 1.4 million fish, which was 132% of the pre-season forecast. Their Chinook and Coho programs provide valuable sport fishing opportunities, while their Sockeye program adds value to local fisheries. Douglas Island Pink & Chum Inc plays a significant role in commercial and sport fish harvest, primarily driven by the successful Chum program. Their mission goes beyond conservation, aiming to promote public understanding of Alaska's salmon resources and fisheries through research, education, and tourism.
Official website here: www.dipac.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Douglas Island Pink & Chum Inc has received an 88% score on Charity Navigator, which reflects strong accountability and financial practices. The organization showcases a robust governance structure with 91% of its board members being independent, and it has successfully maintained a low liabilities to assets ratio of 7.12%. The high program expense ratio of 71.09% indicates that a significant portion of its resources is directed towards its mission-related activities.
Despite these strengths, there are notable gaps in the organization’s accountability framework. The nonprofit is missing essential policies such as a whistleblower policy and a document retention and destruction policy, which may raise concerns about transparency and governance practices. Additionally, the absence of the tax form on its website could limit public access to important financial information.
Overall, while Douglas Island Pink & Chum Inc demonstrates solid financial health and a commitment to accountability, the missing policies and documents highlight areas for improvement that the organization should address to enhance its transparency and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Douglas Island Pink & Chum Inc legitimate?
Douglas Island Pink & Chum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Douglas Island Pink & Chum 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: $148,917
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,784,267
For more financial information, click here
Official website here: www.dipac.net
What is the mission statement of Douglas Island Pink & Chum Inc?
Douglas Island Pink & Chum Inc is a non-profit organization dedicated to enhancing the production of harvestable salmon stocks in Alaska for the economic, social, and cultural benefit of all citizens. Through the operation of two fish hatcheries and twelve remote rearings and release sites, the organization aims to sustain and enhance valuable salmon resources. The state issues permits allowing the organization to harvest a portion of the returning fish to cover operational costs. The organization strives to contribute 70% of its production to common property fisheries and 30% to cost recovery harvest. During the reporting period of 2021, the organization achieved significant success with a chum salmon return of 1.4 million fish, which was 132% of the pre-season forecast. The chinook and coho programs provided valuable sport fishing opportunities, with an estimated 6,600 and 43,000 fish returning, respectively. The sokeye program added value to the areas sokeye gillnet and seine fleets, with approximately 38,000 adults harvested. Overall, Douglas Island Pink & Chum Inc provides significant opportunities for commercial and sport fish harvest, primarily supported by the chum program, which achieved a 59% production contribution to common property fisheries.
Official website here: www.dipac.net
Who is the CEO of Douglas Island Pink & Chum Inc?
Katherine Harms is the Executive Di of Douglas Island Pink & Chum Inc.
Official website here: www.dipac.net
What is the revenue of Douglas Island Pink & Chum Inc?
Douglas Island Pink & Chum Inc's revenue in 2022 was $7,510,752.
Official website here: www.dipac.net
Who are the executives of Douglas Island Pink & Chum Inc and what are their salaries?
The average compensation at Douglas Island Pink & Chum Inc during 2022 was $32,220. There are 60 employees at Douglas Island Pink & Chum Inc.
Here are 27 key members and their salaries:
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Official website here: www.dipac.net
Where can I find the form 990 for Douglas Island Pink & Chum Inc?
Douglas Island Pink & Chum Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dipac.net
Learn more at the official website: www.dipac.net
Mission Statement of Douglas Island Pink & Chum Inc
Douglas Island Pink & Chum Inc, a private non-profit organization authorized by the State of Alaska, operates two hatchery facilities and twelve remote rearings and release sites to enhance the state's common property fisheries. Their mission is multifaceted, geared towards sustaining and enhancing valuable salmon resources in Alaska for the economic, social, and cultural benefit of all citizens.
The organization contributes significantly to the state's fisheries by generating revenue to cover operational costs through permits issued by the Alaska Department of Fish and Game, allowing them to harvest a certain portion of the returning fish. Douglas Island Pink & Chum Inc aims to contribute 70% of its production to the common property fisheries and 30% to cost recovery harvest. During the 2021 reporting period, their chum salmon return was an impressive 1.4 million fish, exceeding the pre-season forecast by 132%.
The organization's commitment to enhancing salmon resources extends beyond fisheries. The chinook and coho programs offer valuable sport fishing opportunities, with an estimated 6,600 and 43,000 fish returning, respectively. The sockeye program produces added value, contributing to the areas sockEYE gillnet and seine fleets, with approximately 38,000 adults harvested. Together, these programs provide significant opportunities for commercial and sport fish harvest, primarily supported by the chum program, which achieved a 59% production contribution to the common property fisheries. Douglas Island Pink & Chum Inc's mission is a crucial investment in the future of Alaska's salmon resources, ensuring their long-term sustainability while contributing to the economic and social well-being of the state.
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Impact
October, 2024
Douglas Island Pink & Chum Inc plays a vital role in enhancing the production of harvestable salmon stocks in the Juneau area through its operations of two fish hatcheries—Macaulay and Snettisham—and twelve remote rearing and release sites. This organization is authorized by the State of Alaska to significantly contribute to the state’s common property fisheries.
In 2021, it achieved remarkable results with a return of 1.4 million chum salmon, surpassing the pre-season forecast by 132%. The hatchery's programs also provided substantial numbers for other species, including an estimated 6,600 Chinook and 43,000 Coho salmon, thereby enriching both commercial and recreational fishing opportunities in the region. The sockeye program alone added value to local gillnet and seine fleets, with about 38,000 adult sockeye harvested.
By focusing on sustainable practices, Douglas Island Pink & Chum Inc ensures that 70% of its production supports common property fisheries while generating revenue from the remaining 30% through cost recovery harvests. This dual strategy not only enhances salmon populations but also aids in the economic, social, and cultural well-being of the community, promoting a deeper public understanding of Alaska's precious salmon resources. Through research, education, and engagement in tourism, the organization fosters stewardship of the state's fisheries, securing their benefits for all citizens.
This information is meant to be a general summary of Douglas Island Pink & Chum 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: $799,130
- Program Service Revenue: $1,088,538
- Gross Receipts: $10,711,111
Assets and Liabilities:
- Total Assets: $32,475,187
- Total Liabilities: $2,296,028
- Net Assets: $30,179,159
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALMON ENHANCEMENT CONTRACTS
Revenue
$1,086,591
OTOLITH MARKING CONTRACT
Revenue
$1,947
Organization Details
Founding Year
1976
Phone
(907) 463-5113Principal Officer
Katherine Harms
Main Address
2697 CHANNEL DRIVE, JUNEAU, AK, 99801
Website
www.dipac.netNTEE Category
Code: D330 - Animals
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