Pacific Seafood Processors Association

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The Association is dedicated to supporting and advocating for the alaska Seafood industry and the sustainable use of fishery resources.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 8 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 $91K a year · 7% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$646K
to officers and key staff · 42% of spending
Concern: pay to officers and key staff is 42% of spending; over 30%.
Pt VII · Sec A
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+25% vs prior year
Spent
$1.5M
Net assets
$492K
By yearFY2020–FY2024
Revenue
$1.3M
FY2024▲ +25%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.6M
FY2022$1.7M
FY2023$1.1M
FY2024$1.3M
Expenses
$1.5M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.3M
FY2022$1.7M
FY2023$1.5M
FY2024$1.5M
Net assets
$492K
FY2024▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2020$791K
FY2021$1.1M
FY2022$1.1M
FY2023$631K
FY2024$492K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1935.

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

Who runs it and what they're paid

11 people listed on the 990; $646K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$232,400Pt VII · Sec A
VP - Alaska
$215,883Pt VII · Sec A
Vp- WA, DC Until 5/31, Consultant
$197,957Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kristine Lynch$197,957$266,526—$227,300$227,596
Kris Lynch——$248,100——
Julie Decker$232,400$51,458———
Nicole Kimball$215,883$226,470$198,500$179,300$179,695
Chriss Barrows——$207,462——
Chris Barrows———$194,800$194,800

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports and advocates for Alaska's seafood industry and sustainable fishing.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Represented members at the north pacific fishery management council (NPFMC); monitored relevant legislations in juneau, ak; washington, DC; and seattle, wa.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $77K · 2020–2024
SeashareWA · FY2024$10,000
Beans Cafe INCAK · FY2020$20,000
Other Assistance Under 5k Per DonationFY2020$13,740
Copperworks Distilling CoFY2020$12,405
SeashareWA · FY2020$5,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.3M
Money outPt IX
$1.5M
Ln 25
Owns and owesPt X
$492K
net assets · Ln 32
Cash and savingsLn 1–2$377K
Total assetsLn 16$492K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.3M
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$377K
Cash and savings togetherLn 1–2$377K
Land, buildings, equipmentLn 10c$12K
Other assetsLn 15$102K
Total assetsLn 16$492K
LiabilitiesLn 26$0
Net assetsLn 32$492K
OperationsPt I, VI
EmployeesI 54
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$606K$377K
Land, buildings, equipmentLn 10c$18K$12K
Total assetsLn 16$631K$492K
LiabilitiesLn 26$0$0
Net assetsLn 32$631K$492K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$64K
Pay of current officers, directors and key staffLn 5$786K
Other salaries and wagesLn 7$49K
Pension plan contributionsLn 8$2K
Other employee benefitsLn 9$6K
Payroll taxesLn 10$45K
Legal feesLn 11b$142K
Accounting feesLn 11c$14K
Lobbying feesLn 11d$65K
Other fees for servicesLn 11g$59K
Advertising and promotionLn 12$34K
Office expensesLn 13$25K
OccupancyLn 16$35K
TravelLn 17$95K
Conferences, conventions and meetingsLn 19$49K
Other expenses (24a–d)Ln 24$74K
Total functional expensesLn 25$1.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.3M$1.5M−$209K$492K 990 PDF
FY2023 $1.1M$1.5M−$416K$631K 990 PDF
FY2022 $1.7M$1.7M−$74K$1.1M 990 PDF
FY2021 $1.6M$1.3M$358K$1.1M 990 PDF
FY2020 $1.3M$1.4M−$117K$791K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,339,020 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,071,111$1,347,095
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $3,196−$8,075
I-12 Total revenuePrior year $1,074,307$1,339,020
I-13 Grants and similar amounts paidPrior year $0$64,375
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $652,566$889,404
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $837,911$594,232
I-18 Total expensesPrior year $1,490,477$1,548,011
I-19 Revenue less expensesPrior year −$416,170−$208,991
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,339,020 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,347,095$1,347,095
VIII-6 Net rental income or lossRelated to mission −$8,075−$8,075
VIII-12 Total revenueRelated to mission $1,339,020 · Unrelated business $0 · Excluded from tax $0$1,339,020
Part IX · Statement of functional expenses $1,548,011 across 16 lines filed
IX-1 Grants to domestic organizations$64,375
IX-5 Pay of current officers, directors and key staff$786,422
IX-7 Other salaries and wages$49,135
IX-8 Pension plan contributions$2,040
IX-9 Other employee benefits$6,415
IX-10 Payroll taxes$45,392
IX-11b Legal fees$142,495
IX-11c Accounting fees$14,500
IX-11d Lobbying fees$65,450
IX-11g Other fees for services$59,192
IX-12 Advertising and promotion$34,149
IX-13 Office expenses$25,414
IX-16 Occupancy$34,789
IX-17 Travel$95,229
IX-19 Conferences, conventions and meetings$49,437
IX-24 Other expenses (24a–d)$73,577
IX-25 Total functional expenses$1,548,011
Part X · Balance sheet $491,756 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $606,217$377,423
X-10c Land, buildings and equipment, netStart of year $17,913$11,857
X-15 Other assetsStart of year $6,721$102,476
X-16 Total assetsStart of year $630,851$491,756
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $630,851$491,756
X-32 Total net assets or fund balancesStart of year $630,851$491,756
X-33 Total liabilities and net assetsStart of year $630,851$491,756
Part XI · Reconciliation of net assets $491,756 net assets at year end
XI-1 Total revenue$1,339,020
XI-2 Total expenses$1,548,011
XI-3 Revenue less expenses−$208,991
XI-4 Net assets at start of year$630,851
XI-8 Prior period adjustments$69,896
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$491,756

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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