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Valdez Fisheries Development Association Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 920074473 ✦ Valdez, AK ✦ Designated as a 501(c)(3)

Overview

What is Valdez Fisheries Development Association Inc?

Valdez Fisheries Development Association Inc is a nonprofit organization based in Valdez, Alaska. Their primary focus is on hatchery operations, specifically managing the Solomon Gulch Hatchery. This involves egg take and spawning processes for both Coho and Pink salmon. The organization's mission is to ensure the availability of salmon in Port Valdez, supporting commercial and sport fishing under the regulation of the Alaska Department of Fish and Game and the PWS Management team. With a workforce of 60 employees, Valdez Fisheries Development Association Inc contributes significantly to the local fishing industry in Alaska.


Official website here: www.valdezfisheries.org

Is Valdez Fisheries Development Association Inc legitimate?

Valdez Fisheries Development Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valdez Fisheries Development 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.

Here are some key statistics you may want to consider:

Executive Compensation: $270,533
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,337,688

For more financial information, click here


Official website here: www.valdezfisheries.org

What is the mission statement of Valdez Fisheries Development Association Inc?

The Valdez Fisheries Development Association Inc is dedicated to ensuring the continuation of salmon populations for both commercial and recreational fishing. They accomplish this by raising and releasing salmon fry, which in turn guarantees the return of these fish to their natural habitats. This endeavor falls under the jurisdiction of the Alaska Department of Fish and Game and the PWS Management team. The organization primarily focuses on the operations of its hatchery, encompassing activities related to egg collection and spawning for both Coho and Pink salmon.


Official website here: www.valdezfisheries.org

Who is the CEO of Valdez Fisheries Development Association Inc?

Thane Miller is the President of Valdez Fisheries Development Association Inc.


Official website here: www.valdezfisheries.org

What is the revenue of Valdez Fisheries Development Association Inc?

Valdez Fisheries Development Association Inc's revenue in 2023 was $5,700,212.


Official website here: www.valdezfisheries.org

Who are the executives of Valdez Fisheries Development Association Inc and what are their salaries?

The average compensation at Valdez Fisheries Development Association Inc during 2023 was $26,804. There are 60 employees and 7 volunteers at Valdez Fisheries Development Association Inc.

Here are 10 key members and their salaries:

    Mike Wells (Executive Dir.)
  • Compensation: $148,710
  • Related: $0
  • Other: $8,923

    • Rob Unger (Hatchery Manager)
  • Compensation: $111,052
  • Related: $0
  • Other: $6,480

    • Laura Therriault (Accountant)
  • Compensation: $107,591
  • Related: $0
  • Other: $6,455

    • Ed Day (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Levasseur (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bernie Culbertson (Past President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thane Miller (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alan Sorum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ray Sutton (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Colleen Stephens (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.valdezfisheries.org

    Where can I find the form 990 for Valdez Fisheries Development Association Inc?

    The Valdez Fisheries Development Association Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.valdezfisheries.org

    Learn more at the official website: www.valdezfisheries.org

    Mission Statement of Valdez Fisheries Development Association Inc

    Valdez Fisheries Development Association Inc, a dedicated nonprofit organization, is on a mission to ensure the continuity of salmon populations in Port Valdez. By raising and releasing salmon fry, this group works towards the return of these fish to support both commercial and sport fishing activities. This is done under the supervision of the Alaska Department of Fish and Game and the PWS Management team.

    The Association's primary purpose is to maintain a sustainable fishery ecosystem by engaging in hatchery operations. These operations include activities related to egg take and spawning for both Coho and Pink salmon. Through this initiative, Valdez Fisheries Development Association Inc plays a significant role in securing the future of valuable fishing industries for the community. The organization's efforts not only benefit the commercial sector but also contribute to the enjoyment of sport fishing for many.

    By focusing on the preservation and enhancement of salmon populations, Valdez Fisheries Development Association Inc is committed to the long-term success of the fishing industry and the economy of the region. This mission is a testament to the organization's dedication to the environment, local community, and the future generations. The Association's undertakings demonstrate the importance of conservation efforts in supporting various industries and ensuring the health of ecosystems.

    Impact

    This information is meant to be a general summary of Valdez Fisheries Development Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Valdez Fisheries Development Association Inc's impact can be seen in its successful efforts to raise and release salmon fry to ensure the return of salmon to Port Valdez. By supporting commercial and sport fishing through its hatchery operations at the Solomon Gulch Hatchery, the organization contributes to the sustainability of the local fishing industry. Their work directly benefits the ecosystem and economy of the region while also aligning with the regulations and management practices of the Alaska Department of Fish and Game and the PWS Management team.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $163,446
  • Program Service Revenue: $5,533,483
  • Gross Receipts: $7,833,729

    • Assets and Liabilities:
  • Total Assets: $17,090,270
  • Total Liabilities: $5,852,345
  • Net Assets: $11,237,925
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Fish Sales

    Revenue

    $5,331,049

    Contract Revenue

    Revenue

    $180,525

    Cold Storage

    Revenue

    $21,909

    Organization Details

    Founding Year

    1980

    Principal Officer

    Thane Miller

    Main Address

    PO Box 125, Valdez, AK, 99686

    NTEE Category

    Code: D330 - Animals

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