Overview
What is Inter-American Tropical Tuna Commission?
The Inter-American Tropical Tuna Commission is a nonprofit organization dedicated to ensuring the long-term conservation and sustainable use of tuna and tuna-like fish stocks in the Eastern Pacific Ocean. Based in La Jolla, California, the commission funds observers on 100% of the fishing trips in large purse-seine vessels to assess dolphin populations and promote the health of marine resources related to this fishery. Their mission is to adopt conservation and management measures based on the best scientific evidence available. With a team of 51 employees, the IATTC is responsible for the stewardship of tuna fisheries in the Eastern Pacific Ocean.
Official website here: www.iattc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Inter-American Tropical Tuna Commission has received a two-star rating from Charity Navigator, indicating that there are areas needing improvement in their operations and governance. The organization scored 73%, reflecting a solid program expense ratio of 86.41%, suggesting that a substantial portion of their funds is directed towards their programs. However, the lack of independent board members and various missing governance policies are significant weaknesses that could impact accountability.
Strengths include a robust financial oversight mechanism, as evidenced by perfect scores in their audit and material diversion of assets, indicating sound financial practices. Additionally, their conflict of interest policy is in place, which is essential for maintaining transparency and integrity within the organization. These elements indicate that while financial management is strong, there are governance concerns that need to be addressed.
On the other hand, the commission faces challenges due to the absence of a whistleblower policy, document retention and destruction guidelines, and publicly available tax forms. These gaps in governance could hinder accountability and transparency, raising concerns for potential donors or stakeholders regarding how the organization manages risks and ensures ethical conduct. Addressing these issues could enhance their rating and public trust significantly.
This AI summary has been generated from information found on Charity Navigator.
Is Inter-American Tropical Tuna Commission legitimate?
Inter-American Tropical Tuna Commission is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inter-American Tropical Tuna Commission 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: $1,399,278
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,515,119
For more financial information, click here
Official website here: www.iattc.org
What is the mission statement of Inter-American Tropical Tuna Commission?
The Inter-American Tropical Tuna Commission is dedicated to the long-term conservation and sustainable use of tuna and tuna-like fish stocks in the Eastern Pacific Ocean. Through the adoption of evidence-based conservation and management measures, the organization plays a crucial role in ensuring the sustainability of tuna fisheries and related marine resources.
A significant aspect of the IATTC's mission is the On Board Observer Program, which provides funding for observers on 100% of the fishing trips in large purse-seine vessels. The goal of this program is to maintain the health of tuna stocks and protect the marine ecosystem, with a focus on minimizing bycatch and discards of juvenile tunas and non-target species.
The IATTC's mission extends beyond the conservation of tuna stocks. It aims to ensure the long-term sustainability of the entire ecosystem, recognizing the interrelationships among various species and the importance of ecosystem health. By adopting science-driven measures, the organization strives to strike a balance between sustainable fishing and the preservation of marine biodiversity in the Eastern Pacific Ocean.
Official website here: www.iattc.org
What is the revenue of Inter-American Tropical Tuna Commission?
Inter-American Tropical Tuna Commission's revenue in 2023 was $12,018,019.
Official website here: www.iattc.org
Who are the executives of Inter-American Tropical Tuna Commission and what are their salaries?
The average compensation at Inter-American Tropical Tuna Commission during 2023 was $123,217. There are 48 employees and 64 volunteers at Inter-American Tropical Tuna Commission.
Here are 75 key members and their salaries:
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Official website here: www.iattc.org
Where can I find the form 990 for Inter-American Tropical Tuna Commission?
Inter-American Tropical Tuna Commission's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.iattc.org
Learn more at the official website: www.iattc.org
Mission Statement of Inter-American Tropical Tuna Commission
The Inter-American Tropical Tuna Commission, or IATTC, is dedicated to the long-term conservation and sustainable use of tuna and tuna-like fish stocks in the Eastern Pacific Ocean. This international organization plays a crucial role in managing fisheries for these species, ensuring their survival and preserving the ecosystem's delicate balance.
To achieve its mission, IATTC implements conservation and management measures based on the best scientific evidence available. One of its most significant initiatives is the On Board Observer Program. Through this program, IATTC funds observers on 100% of large purse-seine fishing trips, enabling the monitoring of dolphin populations and the assessment of the overall health of tuna stocks. By focusing on the long-term sustainability of these valuable resources, IATTC aims to protect marine life, taking into account the complex relationships between various species within the ecosystem.
In particular, IATTC's efforts are geared towards minimizing bycatch and discards of juvenile tunas and non-target species. The organization strives to avoid, reduce, and mitigate the impact of fishing practices on these populations, ensuring the sustainability of the tuna fishery and the marine resources connected to it. In doing so, IATTC is instrumental in maintaining the health and productivity of the Eastern Pacific Ocean's rich marine ecosystem.
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Impact
October, 2024
The Inter-American Tropical Tuna Commission (IATTC) plays a crucial role in the conservation and sustainable management of tuna and tuna-like fish stocks in the Eastern Pacific Ocean. It implements evidence-based conservation measures that aim to ensure the long-term viability of these species, which are vital both ecologically and economically.
One of the key initiatives of the IATTC is the On Board Observer Program, which monitors dolphin populations by deploying observers on 100% of fishing trips conducted by large purse-seine vessels. This program is vital for assessing the health of dolphin populations and mitigates the environmental impact of tuna fishing, particularly regarding bycatch, which includes juvenile tunas and non-target species.
By focusing on the interrelationships within the marine ecosystem, the IATTC seeks to preserve the biodiversity of the region while fostering sustainable fishing practices. The organization's commitment to minimizing bycatch and reducing discards not only benefits the tunas but also supports the overall health of marine resources associated with tuna fisheries.
Overall, the IATTC's efforts contribute significantly to the long-term sustainability of fisheries in the Eastern Pacific, ensuring that both the tuna stocks and the marine ecosystem can thrive for future generations.
This information is meant to be a general summary of Inter-American Tropical Tuna Commission. 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: $1,168
- Program Service Revenue: $4,284,870
- Gross Receipts: $12,018,019
Assets and Liabilities:
- Total Assets: $11,382,052
- Total Liabilities: $4,654,543
- Net Assets: $6,727,509
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VESSEL ASSESSMENT
Revenue
$2,405,391
TRANSSHIPMENT PROGRAM INCOME
Revenue
$933,241
CONTRACT INCOME
Revenue
$921,963
MEETING SUPPORT
Revenue
$14,845
Organization Details
Founding Year
1949
Principal Officer
Dr Arnulfo Franco
Website
www.iattc.orgNTEE Category
Code: D053 - Animals
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