Fishchoice INC FY2022 filing

Tax-deductible

Fort Collins, CO501(c)(3)EnvironmentEIN 26-1550374Revenue $2.6M in FY2022

On file with the IRSfishchoice.comPo Box 531, 80522-0531 · Fort Collins, COTax-exempt since Jan 2009Publicly supported charity — 170(b)(1)(A)(vi)

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Decrease the environmental impacts of the seafood industry

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$640K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $134K a year · 5% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$640K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $2.2M
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
-23% vs prior year
Spent
$3.1M
To programs
84%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$2.6M
FY2022▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$3.4M
FY2022$2.6M
FY2023$2.4M
FY2024$3.1M
Expenses
$3.1M
FY2022▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$2.5M
FY2022$3.1M
FY2023$3.1M
FY2024$3.3M
Net assets
$1.3M
FY2022▼ -26%
Tap a bar for its year
Net assets by fiscal year
FY2020$628K
FY2021$1.7M
FY2022$1.3M
FY2023$473K
FY2024$251K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $2.6M Management & general 12% · $381K Fundraising 3% · $103K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $640K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Chief Executive Officer
$182,939Pt VII · Sec A
Director of Programs
$173,354Pt VII · Sec A
Director of Technology
$171,833Pt VII · Sec A
Fishery Progress Program Manager
$111,533Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Richard Boot’s $204K as President/CEO is at the 85th percentile of top reported officer pay among 1851 $1–10M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Richard Boot$203,896$194,737$182,939$182,192$152,441
Kristin Sherwood$182,550$172,457$173,354$153,929$147,654
Brett Galimidi$162,916$160,777$171,833$153,929$147,648
Jeremy Rude$134,145————
Jeremey Rude—$119,520$111,533——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Reducing the seafood industry's environmental harm.

Provided by the organization

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3 programs · $2.6M · in their own filed words · FY2022
01

Fishchoice has designed, developed now manages a sophisticated web site that provides the following: please visit our website at WWW.FISHCHOICE.COM. 1) commercial seafood buyers are connected with the most environmentally preferred and sustainable seafood suppliers.

$1.3Mprogram expense
02

Fishchoice has developed an online tool to track the improvements of fisheries globally. Over 100 fishery improvement projects that are run by various ngo's around the globe are now tracked in one place, FISHERYPROGRESS.ORG.

$1.1Mprogram expense
03

Organization personnel have attended numerous seafood industry conferences in order to educate buyers and suppliers of seafood products about fishchoice and how the organization's website can be used by the seafood industry to increase purchases of sustainable seafood products and decrease demand pressures on fishes and aquaculture that…

$232Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$2.2M
See all 4 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Gifts and grantsLn 1h$2.6M
Investment incomeLn 3$14K
Money outPt IX
$3.1M
Ln 25
Programscol B$2.6M
Managementcol C$381K
Fundraisingcol D$103K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$2.9M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
7
listed · VII A
PaidVII A4
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.6M
Investment incomeLn 3$14K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$2.1M
Land, buildings, equipmentLn 10c$331
Other assetsLn 15$18K
Total assetsLn 16$2.9M
LiabilitiesLn 26$1.6M
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 514
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.7M$2.1M
Land, buildings, equipmentLn 10c$691$331
Total assetsLn 16$1.7M$2.9M
LiabilitiesLn 26$33K$1.6M
Net assetsLn 32$1.7M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$190K$142K$23K$25K
Other salaries and wagesLn 7$1.1M$1.0M$45K$56K
Pension plan contributionsLn 8$38K$36K$1K$1K
Other employee benefitsLn 9$80K$73K$3K$4K
Payroll taxesLn 10$111K$101K$4K$6K
Accounting feesLn 11c$64K$51K$13K
Other fees for servicesLn 11g$1.1M$915K$229K
Advertising and promotionLn 12$319$319
Office expensesLn 13$18K$14K$4K$918
Information technologyLn 14$31K$25K$5K$2K
TravelLn 17$147K$124K$16K$7K
Conferences, conventions and meetingsLn 19$5K$4K$542$221
InterestLn 20$115$2$113
Depreciation, depletion and amortizationLn 22$361$361
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$72K$53K$17K$2K
All other expensesLn 24e$16K$11K$5K
Total functional expensesLn 25$3.1M$2.6M$381K$103K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.1M$3.3M−$222K$251K 990 PDF
FY2023 $2.4M$3.1M−$780K$473K 990 PDF
FY2022 Viewing $2.6M$3.1M−$433K$1.3M 990 PDF
FY2021 $3.4M$2.5M$886K$1.7M 990 PDF
FY2020 $1.7M$1.8M−$122K$628K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $2,626,699 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,348,950$2,613,128
I-9 Program service revenuePrior year $58,500$0
I-10 Investment incomePrior year $183$13,571
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,407,633$2,626,699
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,464,433$1,546,729
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,057,310$1,513,266
I-18 Total expensesPrior year $2,521,743$3,059,995
I-19 Revenue less expensesPrior year $885,890−$433,296
Part VI · Governance 3 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,626,699 across 4 lines filed
VIII-1f All other contributions, gifts and grants$2,613,128
VIII-1h Total contributions, gifts and grants$2,613,128
VIII-3 Investment incomeExcluded from tax $13,571$13,571
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $13,571$2,626,699
Part IX · Statement of functional expenses $3,059,995 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $142,250 · Management $22,760 · Fundraising $24,657$189,667
IX-7 Other salaries and wagesPrograms $1,025,823 · Management $45,026 · Fundraising $56,298$1,127,147
IX-8 Pension plan contributionsPrograms $36,013 · Management $1,008 · Fundraising $1,392$38,413
IX-9 Other employee benefitsPrograms $73,222 · Management $3,208 · Fundraising $4,012$80,442
IX-10 Payroll taxesPrograms $101,065 · Management $4,442 · Fundraising $5,553$111,060
IX-11c Accounting feesPrograms $50,813 · Management $12,703$63,516
IX-11g Other fees for servicesPrograms $914,994 · Management $228,749$1,143,743
IX-12 Advertising and promotionPrograms $319$319
IX-13 Office expensesPrograms $13,768 · Management $3,671 · Fundraising $918$18,357
IX-14 Information technologyPrograms $24,916 · Management $4,672 · Fundraising $1,557$31,145
IX-17 TravelPrograms $124,026 · Management $16,150 · Fundraising $6,604$146,780
IX-19 Conferences, conventions and meetingsPrograms $4,158 · Management $542 · Fundraising $221$4,921
IX-20 InterestPrograms $2 · Management $113$115
IX-22 Depreciation, depletion and amortizationPrograms $361$361
IX-23 InsuranceManagement $16,116$16,116
IX-24 Other expenses (24a–d)Programs $52,625 · Management $16,935 · Fundraising $1,947$71,507
IX-24e All other expensesPrograms $11,470 · Management $4,916$16,386
IX-25 Total functional expensesPrograms $2,575,825 · Management $381,011 · Fundraising $103,159$3,059,995
Part X · Balance sheet $2,889,515 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,716,194$2,071,308
X-3 Pledges and grants receivable$800,000
X-10c Land, buildings and equipment, netStart of year $691$331
X-15 Other assetsStart of year $3,450$17,876
X-16 Total assetsStart of year $1,720,335$2,889,515
X-17 Accounts payable and accrued expensesStart of year $33,240$79,727
X-19 Deferred revenue$1,541,113
X-25 Other liabilitiesStart of year $0$14,876
X-26 Total liabilitiesStart of year $33,240$1,635,716
X-27 Net assets without donor restrictionsStart of year $1,687,095$453,799
X-28 Net assets with donor restrictions$800,000
X-32 Total net assets or fund balancesStart of year $1,687,095$1,253,799
X-33 Total liabilities and net assetsStart of year $1,720,335$2,889,515
Part XI · Reconciliation of net assets $1,253,799 net assets at year end
XI-1 Total revenue$2,626,699
XI-2 Total expenses$3,059,995
XI-3 Revenue less expenses−$433,296
XI-4 Net assets at start of year$1,687,095
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,253,799

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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