Garden State Seafood Association EIN 22-3691970

Garden State Seafood Association

EIN  22-3691970 Business league / trade association Cape May, NJ
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Educates and communicates to advance the commercial fishing industry's interests.
Leadership
Jeffrey Reichle · President
Money in and out
$77K revenue, $57K expenses
Bottom line
+26% operating surplus

Educates and communicates to advance the commercial fishing industry's interests. For fiscal year 2024 it reported $77K in revenue, $57K in expenses, and $79K in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$77K
Pt VIII · Ln 12
Total expenses
$57K
Pt IX · Ln 25
Net assets
$79K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $20K
Operating surplus
+26%
revenue over expenses▼ -9% vs prior filing year
Earned revenue
99%
of revenue from program services & dues0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$77K
FY20240%
Expenses
$57K
FY2024▲ +4%
Total assets
$79K
FY2024▲ +34%
Total liabilities
$0
FY2024
Total revenue
$77K
Pt VIII · Ln 12
Total expenses
$57K
Pt IX · Ln 25
Net assets
$79K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$20K
Total assetsPt X · Ln 16$79K
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Continued education, communication, and advocacy to assure that new jersey marine resources are managed responsibly.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGarden State Seafood Association
EINHdr · item D22-3691970
Principal addressHdr · item CCape May, NJ
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S46)
Ruling yearIRS BMFJul 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$76K · 99%
Investment income$760 · 1%
Program service revenue99%$76K
Investment income1%$760
Total revenueLn 12$77K

Balance Sheet

Part X · end of year
CashLn 1$79K
Total assetsLn 16$79K
Total liabilitiesLn 26$0
Total net assetsLn 32$79K
Months of cash on handcomputed16.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $79K · Operating expenses/yr $57K
16.7 months
Where the money goes
Program services
Program services — · Total expenses $57K
Management & General
Management & general — · Total expenses $57K
Fundraising
Fundraising — · Total expenses $57K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $77K
0%
Government reliance
Government grants — · Total revenue $77K
Earned-income share
Program service revenue $76K · Total revenue $77K
99%
Investment reliance
Investment income $760 · Total revenue $77K
+1%
Program self-sufficiency
Program service revenue $76K · Total expenses $57K
134%
Growth & trend
Revenue growth (YoY)
This year $77K · Prior year $76K
0%
Revenue CAGR
FY2020 $107K · FY2024 $77K
-8%
Net-asset trend (YoY)
End of year $79K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $77K · Expenses $57K
+26%
Liabilities-to-Assets
Total liabilities — · Total assets $79K
Net-asset ratio
Net assets $79K · Total assets $79K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $79K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jeffrey Reichle · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $57K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $57K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$77K revenue · viewing · ⤓ 990 PDF
FY2023$76K revenue · ⤓ 990 PDF
FY2022$68K revenue · ⤓ 990 PDF
FY2021$65K revenue · ⤓ 990 PDF
FY2020$107K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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