Overview
What is Alaska Fisheries Development Foundation Inc?
Alaska Fisheries Development Foundation Inc is a non-profit organization based in Wrangell, Alaska. With a team of three dedicated individuals, they aim to identify shared opportunities within the Alaska seafood industry and develop efficient, sustainable solutions that generate economic, environmental, and community benefits. Currently, their focus is on ARPA_E II (SEAWEED PROJECTS), which involves improving the efficiencies of growing and harvesting seaweed.
Official website here: www.afdf.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88% (Three-Star out of Four Star rating)
The Alaska Fisheries Development Foundation Inc has achieved an 88% rating, reflecting a strong commitment to accountability and finance as assessed by Charity Navigator. The foundation has demonstrated significant strengths, such as having a fully independent board and maintaining a high program expense ratio, indicating that a substantial portion of its resources is allocated directly to its mission.
Despite its overall positive evaluation, there are some areas for improvement, notably the absence of a whistleblower policy and document retention protocols. While these shortcomings do not undermine the organization's financial integrity, they suggest there may be room for enhanced governance practices to ensure a more robust operational framework.
Overall, the foundation's financial health is commendable, with a solid liabilities-to-assets ratio, reinforcing its sustainability. Stakeholders can feel confident in the foundation's management and its dedication to its programs, although addressing the noted governance gaps could further bolster its effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Alaska Fisheries Development Foundation Inc legitimate?
Alaska Fisheries Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alaska Fisheries Development Foundation 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: $176,596
Professional Fundraising Fees: $0
Other Salaries and Wages: $68,372
For more financial information, click here
Official website here: www.afdf.org
What is the mission statement of Alaska Fisheries Development Foundation Inc?
The Alaska Fisheries Development Foundation is a non-profit organization dedicated to identifying opportunities in the Alaska seafood industry and developing sustainable outcomes that benefit the economy, environment, and communities. It operates as a 501 C (3) entity and aims to improve the efficiency of growing and harvesting seaweed through various projects, such as the ARPA-E II (SEAWEED Projects). By focusing on these common opportunities, the foundation contributes to the long-term success and sustainability of the seafood industry.
Official website here: www.afdf.org
Who is the CEO of Alaska Fisheries Development Foundation Inc?
Julie Decker is the Executive Di of Alaska Fisheries Development Foundation Inc.
Official website here: www.afdf.org
What is the revenue of Alaska Fisheries Development Foundation Inc?
Alaska Fisheries Development Foundation Inc's revenue in 2022 was $1,252,182.
Official website here: www.afdf.org
Who are the executives of Alaska Fisheries Development Foundation Inc and what are their salaries?
The average compensation at Alaska Fisheries Development Foundation Inc during 2022 was $81,656. There are 3 employees and 33 volunteers at Alaska Fisheries Development Foundation Inc.
Here are 17 key members and their salaries:
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Official website here: www.afdf.org
Where can I find the form 990 for Alaska Fisheries Development Foundation Inc?
Alaska Fisheries Development Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.afdf.org
Learn more at the official website: www.afdf.org
Mission Statement of Alaska Fisheries Development Foundation Inc
Alaska Fisheries Development Foundation, a 501 C (3) non-profit organization, is dedicated to identifying shared opportunities in Alaska's seafood industry and developing efficient, sustainable outcomes that bring economic, environmental, and community benefits. The Foundation focuses on enhancing the Alaska seafood sector by implementing projects that promote growth and harvesting of seaweed in an efficient and sustainable manner.
More specifically, the Foundation is currently involved in the ARPA-E II (SEAWEED Projects) which aim to improve the productivity and efficiency of seaweed cultivation and harvesting processes. By implementing these projects, the Foundation seeks to contribute to a thriving Alaska seafood industry while minimizing environmental impact and creating positive impacts for local communities.
Through its mission, Alaska Fisheries Development Foundation plays a crucial role in fostering collaboration and innovation within the Alaska seafood industry. By addressing common challenges and exploring sustainable solutions, the Foundation is able to create a ripple effect of positive change throughout the sector. Additionally, its initiatives provide valuable economic opportunities for local communities and contribute to the long-term sustainability of the Alaska seafood industry.
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Impact
October, 2024
The Alaska Fisheries Development Foundation Inc plays a crucial role in enhancing the long-term viability of the Alaska seafood industry. By identifying common opportunities and developing sustainable practices, it contributes significantly to economic stability, environmental conservation, and community welfare in the region.
One of its key initiatives, the ARPA_E II (Seaweed Projects), focuses on improving efficiencies in growing and harvesting seaweed, tapping into an emerging sector that can provide additional economic benefits. This not only diversifies the seafood industry but also promotes sustainable harvest practices that help protect marine ecosystems.
Overall, the foundation’s efforts facilitate collaboration among stakeholders within the seafood sector, leading to innovative solutions that address both economic challenges and environmental concerns—all while ensuring that local communities benefit from these developments.
This information is meant to be a general summary of Alaska Fisheries Development Foundation 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: $6
- Program Service Revenue: $190,866
- Gross Receipts: $1,252,182
Assets and Liabilities:
- Total Assets: $464,637
- Total Liabilities: $230,078
- Net Assets: $234,559
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SYMPHONY OF SEAFOOD
Revenue
$125,290
CONTRACT REVENUE
Revenue
$65,576
Organization Details
Founding Year
1978
Phone
(907) 276-7315Principal Officer
Julie Decker
Main Address
PO BOX 2223, WRANGELL, AK, 999292223
Website
www.afdf.orgNTEE Category
Code: D023 - Animals
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