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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Valdez Fisheries Development Association Inc has received a commendable Four-Star rating from Charity Navigator, reflecting high standards in accountability and finance. With an overall score of 96%, the organization demonstrates a strong commitment to transparency and fiscal responsibility, which is essential for donor trust and support.
The association boasts a fully independent board, comprising seven members, and has implemented robust financial oversight measures, including a dedicated Audit and Oversight Committee. Its practices, such as maintaining a conflict of interest policy and a whistleblower policy, enhance its credibility and operational integrity. Additionally, the program expense ratio of 79.66% signifies that a significant portion of its resources directly supports its mission-driven activities.
While the organization excels in various governance and financial metrics, it is crucial for potential donors to consider how these practices translate into tangible impacts in the community it serves. Overall, Valdez Fisheries Development Association Inc showcases strong ethical practices and effective financial management, positioning it favorably for both current and future support.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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:
- Compensation: $148,710
- Related: $0
- Other: $8,923
- Compensation: $111,052
- Related: $0
- Other: $6,480
- Compensation: $107,591
- Related: $0
- Other: $6,455
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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?
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.
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Impact
October, 2024
Valdez Fisheries Development Association Inc plays a crucial role in the sustainability of salmon populations in Port Valdez, Alaska. By focusing on hatchery operations at the Solomon Gulch Hatchery, the organization raises and releases salmon fry, primarily targeting Coho and Pink salmon. This proactive approach ensures a dependable return of salmon to the region, which supports both commercial and sport fishing industries.
Their efforts directly contribute to the local economy by fostering a healthy fishery, which is vital for fishermen, related businesses, and the community at large. Additionally, by collaborating with the Alaska Department of Fish and Game and the PWS Management team, Valdez Fisheries Development Association Inc helps maintain the ecological balance and supports long-term conservation efforts. Thus, their work not only enriches the local biodiversity but also enhances the livelihoods of those who depend on salmon fishing.
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.
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 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
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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
Phone
(907) 835-4874Principal Officer
Thane Miller
Main Address
PO Box 125, Valdez, AK, 99686
Website
www.valdezfisheries.orgNTEE Category
Code: D330 - Animals
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