Overview
What is Central Bering Sea Fishermen's Association?
The Central Bering Sea Fishermen's Association is a non-profit corporation based on St. Paul Island, Alaska. Established to represent the community in the Federal Government's Community Development Quota (CDQ) program initiated in 1992, its mission is to develop natural and human resources within the St. Paul Island community and promote educational and charitable betterment for its members. The organization manages, maintains, and operates equipment to support its fishing operations, including a Manitowoc crane and a Grove crane. They oversee a program that purchases CDQ halibut from local fishermen and custom processes it through a local processor. The product is then marketed through a distributor, with net revenue distributed to the local fleet through a retroactive ex-vessel price adjustment. The revenue and expenses related to this program are included in sales inventory. The association also operates vehicle & equipment operations, putting in and removing docks in the small boat harbor and assisting with loading and unloading container ships. With a workforce of 33 employees, their primary goal is to maximize the ex-vessel price paid to local fishermen while contributing to the development of the St. Paul Island community.
Official website here: www.cbsfa.com
What are the reviews and ratings of this charity?
The Central Bering Sea Fishermen's Association is not currently rated by Charity Navigator. The absence of a rating does not imply a negative or positive evaluation but reflects the current unavailability of certain assessment criteria necessary for a complete rating. Specifically, the organization lacks evaluations for Accountability & Finance, Impact & Measurement, Leadership & Adaptability, and Culture & Community due to its non-501(c)(3) status.
The organization's classification outside of the 501(c)(3) parameters restricts Charity Navigator's ability to evaluate it under their typical criteria, which focus on nonprofit transparency and impact. Historical ratings on similar organizations would have concentrated mainly on financial accountability, but current data limitations prevent such analysis for this association.
No user reviews are available from GreatNonprofits for the Central Bering Sea Fishermen's Association. This absence of reviews limits the visibility into direct feedback from individuals who may interact with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Central Bering Sea Fishermen's Association legitimate?
Central Bering Sea Fishermen's Association is a legitimate nonprofit organization registered as a 501(c)(4) entity. Central Bering Sea Fishermen's 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: $1,070,704
Professional Fundraising Fees: $0
Other Salaries and Wages: $477,988
For more financial information, click here
Official website here: www.cbsfa.com
What is the mission statement of Central Bering Sea Fishermen's Association?
The Central Bering Sea Fishermen's Association is a not-for-profit corporation with a mission to represent the St. Paul Island community in the Community Development Quota (CDQ) program, which was established by the federal government in 1992. The association's primary goal is to use the proceeds from the program to develop both natural and human resources in the community. Furthermore, the organization strives to promote educational and charitable betterment among its members. By doing so, the Central Bering Sea Fishermen's Association aims to enhance the well-being of the community through various means. The CDQ program allows the association to manage and allocate the quota of legally harvested fish, providing economic benefits and opportunities for sustainable development.
Official website here: www.cbsfa.com
Who is the CEO of Central Bering Sea Fishermen's Association?
Phillip Lestenkof is the President of Central Bering Sea Fishermen's Association.
Official website here: www.cbsfa.com
What is the revenue of Central Bering Sea Fishermen's Association?
Central Bering Sea Fishermen's Association's revenue in 2022 was $16,513,805.
Official website here: www.cbsfa.com
Who are the executives of Central Bering Sea Fishermen's Association and what are their salaries?
The average compensation at Central Bering Sea Fishermen's Association during 2022 was $46,930. There are 33 employees at Central Bering Sea Fishermen's Association.
Here are 13 key members and their salaries:
- Compensation: $256,949
- Related: $0
- Other: $0
- Compensation: $355,113
- Related: $0
- Other: $0
- Compensation: $459,848
- Related: $0
- Other: $0
- Compensation: $106,572
- Related: $0
- Other: $0
- Compensation: $4,225
- Related: $0
- Other: $0
- Compensation: $81,303
- Related: $0
- Other: $0
- Compensation: $172,468
- Related: $0
- Other: $0
- Compensation: $2,625
- Related: $0
- Other: $0
- Compensation: $133,606
- Related: $0
- Other: $0
- Compensation: $183,464
- Related: $0
- Other: $0
- Compensation: $227,009
- Related: $0
- Other: $0
- Compensation: $113,222
- Related: $0
- Other: $0
- Compensation: $128,206
- Related: $0
- Other: $0
Official website here: www.cbsfa.com
Where can I find the form 990 for Central Bering Sea Fishermen's Association?
Central Bering Sea Fishermen's Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cbsfa.com
Learn more at the official website: www.cbsfa.com
Mission Statement of Central Bering Sea Fishermen's Association
Central Bering Sea Fishermen's Association, a not-for-profit corporation, was established with the mission to represent the St. Paul Island community in the Community Development Quota (CDQ) program, an initiative instituted by the federal government in 1992. The Association's primary objective is to utilize the proceeds from the program to foster the development of both natural and human resources in the St. Paul Island community. Furthermore, it aims to promote educational and charitable betterment among its members. By serving as the voice of the St. Paul Island community in the CDQ program, Central Bering Sea Fishermen's Association plays a crucial role in harnessing the benefits of this federal initiative for the betterment of its people. This mission reflects the organization's dedication to improving the lives of its community members through sustainable development and community empowerment. Central Bering Sea Fishermen's Association's mission is driven by its commitment to enhancing the quality of life on St. Paul Island, making it a source of growth and progress for its residents.
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Impact
October, 2024
The Central Bering Sea Fishermen's Association (CBSFA) plays a crucial role in the economic and community development of St. Paul Island, Alaska, primarily through its management of the Community Development Quota (CDQ) program. Established in 1992, this program allows local communities to benefit from the fisheries resources off their shores.
By operating the St. Paul Fishing Company, LLC, CBSFA focuses on enhancing the fishing infrastructure and making strategic investments that support the local fishing economy. This includes maximizing the ex-vessel prices paid to local fishermen, ensuring that they receive fair compensation for their catch. CBSFA purchases CDQ halibut from local fishermen and processes it with local facilities, facilitating job creation and supporting local businesses.
Additionally, CBSFA's vehicle and equipment operations service the small boat harbor, maintaining essential infrastructure for fishing operations. The association has invested in significant equipment, such as cranes, to aid in loading and unloading operations, further enhancing the efficiency of fisheries in the region.
The net revenue generated by these activities is reinvested into the community, promoting the development of both natural and human resources. This helps create a sustainable fishing environment and fosters educational and charitable initiatives that benefit the residents of St. Paul Island. The overall impact of CBSFA is a robust local economy that empowers the community and preserves its fishing heritage.
This information is meant to be a general summary of Central Bering Sea Fishermen's 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: $7,015,046
- Program Service Revenue: $4,486,909
- Gross Receipts: $41,902,313
Assets and Liabilities:
- Total Assets: $132,635,114
- Total Liabilities: $17,647,354
- Net Assets: $114,987,760
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FISHING ROYALTIES
Revenue
$3,588,418
INVESTMENT IN FISHING PARTNERSHIP
Revenue
$898,491
Organization Details
Founding Year
1992
Phone
(907) 546-2597Principal Officer
Phillip Lestenkof
Main Address
P O BOX 288, ST PAUL ISLAND, AK, 99660
Website
www.cbsfa.comNTEE Category
Code: D30 - Animals
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