Overview
What is Cook Inlet Aquaculture Association?
The Cook Inlet Aquaculture Association is a nonprofit organization situated at 40610 Kalifornsky Beach Road, Kenai, Alaska, 99611. Their primary focus revolves around fisheries rehabilitation, enhancement, and development activities within the Cook Inlet region of Alaska. With a team of 43 dedicated employees, they oversee the operations of the Trail Lakes Hatchery and associated fishery enhancement projects. Their mission is to contribute positively to the local waters by implementing necessary rehabilitation, enhancement, and development measures.
Official website here: www.ciaanet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Cook Inlet Aquaculture Association received a two-star rating from Charity Navigator, with an overall score of 66%. The organization excels in accountability and finance, achieving a perfect score in several areas, including independent board member composition and conflict of interest policies. However, the absence of financial statements significantly impacts their rating, contributing to their overall assessment.
While the organization demonstrates a strong commitment to governance practices, the high liabilities to assets ratio of 202.99% raises concerns about financial stability. Additionally, while they maintain a solid program expense ratio of 78.77%, indicating a focus on programmatic efforts, the lack of transparency in financial reporting may limit public trust and support.
In summary, while the Cook Inlet Aquaculture Association shows strengths in governance and program expenditure, the critical absence of financial documentation and the concerning liabilities ratio hinder its overall rating. Prospective supporters may want to consider these factors when evaluating their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Cook Inlet Aquaculture Association legitimate?
Cook Inlet Aquaculture Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cook Inlet Aquaculture Association 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: $124,927
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,209,871
For more financial information, click here
Official website here: www.ciaanet.org
What is the mission statement of Cook Inlet Aquaculture Association?
The Cook Inlet Aquaculture Association is dedicated to improving the health and productivity of fisheries in Alaska's Cook Inlet region. Through their activities, they focus on the rehabilitation, enhancement, and development of fisheries in these waters. The Association's mission is brought to life through various projects, including the operation of the Trail Lakes Hatchery and related fishery enhancement initiatives. These efforts aim to promote the growth and sustainability of fish populations in Cook Inlet.
Official website here: www.ciaanet.org
Who is the CEO of Cook Inlet Aquaculture Association?
Dean Day is the Executive Director of Cook Inlet Aquaculture Association.
Official website here: www.ciaanet.org
What is the revenue of Cook Inlet Aquaculture Association?
Cook Inlet Aquaculture Association's revenue in 2022 was $2,024,441.
Official website here: www.ciaanet.org
Who are the executives of Cook Inlet Aquaculture Association and what are their salaries?
The average compensation at Cook Inlet Aquaculture Association during 2022 was $31,042. There are 43 employees and 23 volunteers at Cook Inlet Aquaculture Association.
Here are 24 key members and their salaries:
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Official website here: www.ciaanet.org
Where can I find the form 990 for Cook Inlet Aquaculture Association?
Cook Inlet Aquaculture Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ciaanet.org
Learn more at the official website: www.ciaanet.org
Mission Statement of Cook Inlet Aquaculture Association
Cook Inlet Aquaculture Association, a dedicated nonprofit organization, works towards the rehabilitation, enhancement, and development of fisheries in Cook Inlet, Alaska. Their mission is geared towards improving the health and productivity of regional waters, ensuring a sustainable fishery for future generations.
The Association executes this mission through various activities, one of which includes managing the Trail Lakes Hatchery. Here, they oversee the administration and operation of this essential facility, which plays a crucial role in the fishery enhancement projects of Trail Lakes Hatchery. This hatchery, a significant component of Cook Inlet Aquaculture Association's efforts, contributes to the overall well-being of Cook Inlet's fisheries.
Moreover, the Association engages in fishery enhancement field projects. These initiatives aim to boost the population and health of various fish species within Cook Inlet. By employing evidence-based techniques and approaches, the Cook Inlet Aquaculture Association strives to create a thriving ecosystem that benefits not only the local fishing industry but also the wider community that relies on these resources.
In their pursuit of fisheries rehabilitation, enhancement, and development, the Cook Inlet Aquaculture Association is dedicated to making a positive impact on Cook Inlet's ecosystem. Their efforts are essential in ensuring the long-term sustainability of Cook Inlet's fisheries, which is crucial for the livelihoods of countless individuals and communities that depend on these resources.
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Impact
October, 2024
The Cook Inlet Aquaculture Association significantly enhances the fisheries resources of the Cook Inlet region in Alaska. Through the administration and operation of the Trail Lakes Hatchery, the Association implements vital fisheries rehabilitation and enhancement projects. These initiatives aim to restore and improve fish populations, ensuring sustainable fishing practices for the local communities. Additionally, the Association conducts field assessments that monitor the health of the aquatic ecosystem, contributing to the overall development of fisheries in the area. By focusing on the rehabilitation and enhancement of these vital resources, the Cook Inlet Aquaculture Association plays a crucial role in the ecological and economic well-being of the region.
This information is meant to be a general summary of Cook Inlet Aquaculture Association. 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: $2,100
- Program Service Revenue: $1,676,554
- Gross Receipts: $2,024,441
Assets and Liabilities:
- Total Assets: $9,072,706
- Total Liabilities: $16,343,257
- Net Assets: -$7,270,551
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALMON HARVEST
Revenue
$1,676,554
Organization Details
Founding Year
1976
Phone
(907) 283-5761Principal Officer
Dean Day
Main Address
40610 Kalifornsky Beach Road, Kenai, AK, 99611
Website
www.ciaanet.orgNTEE Category
Code: D30 - Animals
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