Overview
What is Northern Southeast Regional Aquaculture Association Inc?
The Northern Southeast Regional Aquaculture Association Inc, based in Sitka, Alaska, is a nonprofit organization dedicated to the restoration and rehabilitation of Alaska's salmon stocks. Through artificial propagation, they enhance the availability of salmon, benefiting both commercial and common property users in northern Southeast Alaska. Their operations include producing salmon fry and smolt at four facilities and one lake stocking program, releasing approximately 250 million chum salmon fry, 7.5 million coho smolt, and 3.4 million chinook smolt annually. The value returned to commercial fisheries is consistently over 10 million dollars each year. In 2022, the value to commercial fisheries was 6.75 million dollars. Their mission is to increase salmon returns for the benefit of all, ensuring sustainable and abundant resources.
Official website here: www.nsraa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Northern Southeast Regional Aquaculture Association Inc has received a strong Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The score is based solely on their Accountability & Finance metrics, with an impressive 96% rating in this area. This rating signifies that the organization employs best practices in financial management and transparency, which is crucial for maintaining trust with donors and stakeholders.
One of the organization's notable strengths is its governance structure, as demonstrated by the 100% independent board members. Additionally, they have robust policies in place, including conflict of interest and whistleblower policies, as well as clear documentation of board meeting minutes. The organization also maintains a healthy liabilities to assets ratio, further indicating financial stability.
While the data does not highlight any significant limitations, the high program expense ratio of 88.73% suggests that a large majority of their funds are directed towards their programs rather than administrative costs. This focus on programmatic spending is generally viewed positively, as it aligns with the nonprofit's mission and ensures that resources are being effectively utilized to achieve their goals.
This AI summary has been generated from information found on Charity Navigator.
Is Northern Southeast Regional Aquaculture Association Inc legitimate?
Northern Southeast Regional Aquaculture Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern Southeast Regional Aquaculture Association 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: $264,989
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,258,857
For more financial information, click here
Official website here: www.nsraa.org
What is the mission statement of Northern Southeast Regional Aquaculture Association Inc?
The Northern Southeast Regional Aquaculture Association Inc is dedicated to assisting in the restoration and rehabilitation of Alaska's salmon stocks. They do this by utilizing artificial propagation to increase the availability of salmon for commercial and common property users, without negatively impacting wild salmon stocks. The association's primary goal is to boost salmon returns, benefiting various fisheries in northern Southeast Alaska. Each year, NSRAA produces and releases around 250 million chum salmon fry, 7.5 million coho smolt, and 3.4 million chinook smolt. The resulting fish are public resources belonging to the citizens of Alaska, enhancing the catch and value in salmon fisheries throughout the region. In 2022, the value to commercial fisheries amounted to 6.75 million.
Official website here: www.nsraa.org
Who is the CEO of Northern Southeast Regional Aquaculture Association Inc?
Scott Wagner is the General Mana of Northern Southeast Regional Aquaculture Association Inc.
Official website here: www.nsraa.org
What is the revenue of Northern Southeast Regional Aquaculture Association Inc?
Northern Southeast Regional Aquaculture Association Inc's revenue in 2022 was $10,229,590.
Official website here: www.nsraa.org
Who are the executives of Northern Southeast Regional Aquaculture Association Inc and what are their salaries?
The average compensation at Northern Southeast Regional Aquaculture Association Inc during 2022 was $31,159. There are 81 employees at Northern Southeast Regional Aquaculture Association Inc.
Here are 28 key members and their salaries:
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Official website here: www.nsraa.org
Where can I find the form 990 for Northern Southeast Regional Aquaculture Association Inc?
Northern Southeast Regional Aquaculture Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nsraa.org
Learn more at the official website: www.nsraa.org
Mission Statement of Northern Southeast Regional Aquaculture Association Inc
The Northern Southeast Regional Aquaculture Association Inc, a pioneering organization, is dedicated to the restoration and rehabilitation of Alaska's salmon stocks. Through the application of artificial propagation techniques, this nonprofit aims to enhance the availability of salmon, benefiting both commercial and common property users in northern southeast Alaska, without negatively impacting wild salmon populations.
By producing salmon fry and smolt at four hatcheries and one lake stocking program, the Northern Southeast Regional Aquaculture Association Inc annually releases over a quarter of a billion chum salmon fry, seven and a half million coho smolt, and three and a half million chinook smolt into the ocean. These fish, which return in two to four years, are a public resource belonging to the citizens of Alaska, increasing the common property catch and value in salmon fisheries throughout the region.
The Northern Southeast Regional Aquaculture Association Inc's commitment to increasing salmon returns significantly contributes to the commercial and sports fisheries in Alaska, with an annual value in excess of ten million dollars. In 2022, the value to commercial fisheries stood at 6.75 million dollars. This nonprofit's efforts not only strengthen the fisheries but also ensure the sustainability and continued prosperity of Alaska's valuable salmon resources.
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Impact
October, 2024
The Northern Southeast Regional Aquaculture Association (NSRAA) significantly enhances Alaska's salmon stocks through a structured program focused on restoration, rehabilitation, and augmentation of fisheries. By employing artificial propagation methods, NSRAA aims to increase the availability of salmon for all users, ensuring that these efforts do not compromise the health of wild salmon populations.
Operating four hatcheries—Medvejie, Hidden Falls, Gunnuk Creek, and SMC—and a lake stocking program at Deer Lake, NSRAA produces and releases approximately 250 million chum salmon fry, 7.5 million coho smolt, and 3.4 million chinook smolt each year. This substantial production leads to a robust return of salmon to the ocean, benefiting both commercial and sport fishing sectors in Southeast Alaska.
The economic impact is significant, with the contribution to commercial fisheries valued at over $6.75 million in 2022 alone. Annually, NSRAA's activities add more than $10 million in value to the fisheries, which are a vital resource for the citizens of Alaska. By bolstering salmon populations, NSRAA enhances the livelihoods of fishermen and the broader community while promoting sustainable fishing practices that preserve the delicate balance of aquatic ecosystems in the region.
This information is meant to be a general summary of Northern Southeast Regional Aquaculture Association 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: $247,818
- Program Service Revenue: $1,312,203
- Gross Receipts: $10,229,590
Assets and Liabilities:
- Total Assets: $30,442,556
- Total Liabilities: $3,274,433
- Net Assets: $27,168,123
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHINOOK MITIGATION PROG CONTR
Revenue
$1,312,203
Organization Details
Founding Year
1977
Phone
(907) 747-6850Principal Officer
Scott Wagner
Main Address
1308 SAWMILL CREEK ROAD, SITKA, AK, 99835
Website
www.nsraa.orgNTEE Category
Code: D330 - Animals
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