Overview
What is Armstrong-Keta Inc?
Armstrong-Keta Inc, a nonprofit organization based in Sitka, Alaska, specializes in hatchery operations to research and produce salmon. With a team of 29 dedicated individuals, their mission is to enhance the fisheries of Southeast Alaska by engaging in salmon production and related research. Through their efforts, they aim to contribute positively to the local ecosystem, fostering a sustainable approach to fisheries management.
Official website here: www.armstrongketa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (54%)
Armstrong-Keta Inc has received a low rating of 54% from Charity Navigator, indicating concerns about its accountability and financial practices. While the organization has an independent board with 100% independent members and maintains a high program expense ratio of 93.22%, it lacks essential financial transparency, having not provided financial statements. This raises questions about the overall financial health and operational transparency of the nonprofit.
Significantly, while the organization demonstrates strong governance through board independence, several key policies are missing, such as a conflict of interest policy and a whistleblower policy. Additionally, the absence of financial statements and the very high liabilities-to-assets ratio of 732.89% are concerning indicators that demand further scrutiny.
Despite its strong program expense ratio, the limitations in financial reporting and governance policies may hinder potential supporters' trust in the organization. To improve its standing, Armstrong-Keta Inc would benefit from addressing these deficiencies and increasing transparency in its financial dealings.
This AI summary has been generated from information found on Charity Navigator.
Is Armstrong-Keta Inc legitimate?
Armstrong-Keta Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Armstrong-Keta 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $458,065
For more financial information, click here
Official website here: www.armstrongketa.org
What is the mission statement of Armstrong-Keta Inc?
Armstrong-Keta Inc is dedicated to conducting hatchery operations and carrying out research to produce salmon. Their ultimate goal is to enhance the fisheries of Southeast Alaska through these efforts. By engaging in these activities, they aim to contribute significantly to the region's fisheries and potentially improve their overall health and productivity. Additionally, their work may lead to the development of new and innovative approaches for salmon production, ultimately benefiting the fishing industry and the communities that rely on it. Through their hatchery operations and research initiatives, Armstrong-Keta Inc plays a crucial role in supporting the ecosystem and the economy of Southeast Alaska.
Official website here: www.armstrongketa.org
Who is the CEO of Armstrong-Keta Inc?
Bart Watson is the President of Armstrong-Keta Inc.
Official website here: www.armstrongketa.org
What is the revenue of Armstrong-Keta Inc?
Armstrong-Keta Inc's revenue in 2022 was $1,964,956.
Official website here: www.armstrongketa.org
Who are the executives of Armstrong-Keta Inc and what are their salaries?
The average compensation at Armstrong-Keta Inc during 2022 was $15,795. There are 29 employees at Armstrong-Keta Inc.
Here are 9 key members and their salaries:
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Official website here: www.armstrongketa.org
Where can I find the form 990 for Armstrong-Keta Inc?
Armstrong-Keta Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.armstrongketa.org
Learn more at the official website: www.armstrongketa.org
Mission Statement of Armstrong-Keta Inc
Armstrong-Keta Inc, a dedicated organization, is on a mission to conduct hatchery operations and produce salmon with a view to improving the fisheries in Southeast Alaska. Through its hatchery programs, Armstrong-Keta Inc carries out extensive research to enhance the regional salmon population. The ultimate objective is to bolster the natural fisheries and ensure their long-term sustainability.
By engaging in hatchery operations, Armstrong-Keta Inc plays a crucial role in maintaining the delicate balance of Alaska's ecosystem. The organization's efforts help to preserve the biodiversity of the region, providing a vital source of food for both wildlife and human populations. Furthermore, its research initiatives contribute to the broader understanding of salmon biology and breeding practices, ensuring the ongoing success of the program.
Armstrong-Keta Inc's dedication to its mission extends beyond mere production. The organization is deeply committed to the ongoing study and improvement of salmon populations in Southeast Alaska, working tirelessly to ensure the long-term viability of this essential species. Through its innovative hatchery operations, Armstrong-Keta Inc not only enhances the local fisheries but also contributes to the overall health of Alaska's ecosystem.
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Impact
October, 2024
Armstrong-Keta Inc plays a vital role in enhancing the fisheries of Southeast Alaska through its dedicated hatchery operations focused on research and salmon production. By cultivating salmon, the organization contributes to the sustainability and growth of local fish populations, which are crucial for both the ecosystem and the economy of the region. This impact not only supports the fishing industry but also fosters biodiversity and ensures that local communities can benefit from a consistent and healthy fish supply. Armstrong-Keta Inc's efforts help maintain the ecological balance while promoting the long-term health of salmon species native to the area, underscoring its importance in the region’s environmental and economic landscape.
This information is meant to be a general summary of Armstrong-Keta 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: $1,558
- Program Service Revenue: $1,792,312
- Gross Receipts: $1,964,956
Assets and Liabilities:
- Total Assets: $2,241,813
- Total Liabilities: $16,430,113
- Net Assets: -$14,188,300
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COST RECOVERY INCOME
Revenue
$1,792,312
Organization Details
Founding Year
1981
Principal Officer
Bart Watson
Main Address
PO BOX 1075, SITKA, AK, 99835
Website
www.armstrongketa.orgNTEE Category
Code: D330 - Animals
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