Pacific Seafood Processors Association FY2020 filing

Not tax-deductible

Seattle, WA501(c)(6)EIN 91-0131370Revenue $1.3M in FY2020

On file with the IRSpspafish.net4039 21st Ave W Ste 400, 98199-1252 · Seattle, WATax-exempt since Apr 1935

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

$602K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2020 · 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
$602K
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
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
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
Spent
$1.4M
Net assets
$791K
By yearFY2020–FY2024
Revenue
$1.3M
FY2020
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
$1.4M
FY2020
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
$791K
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Apr 1935.

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

Who runs it and what they're paid

12 people listed on the 990; $602K paid to officers and key staff.

Part VII, Section A · reportable compensation
VP - Washington, DC
$227,596Pt VII · Sec A
President
$194,800Pt VII · Sec A
VP - Alaska
$179,695Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
Vice Chairman of the Board
$0Pt VII · Sec A
Secretary/Treasurer 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.

Questions for Pacific Seafood Processors Association

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Provided by the organization

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1 program · in their own filed words · FY2020
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 FY2020 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.3M
Other incomeLn 4–11$2K
Investment incomeLn 3$14
Money outPt IX
$1.4M
Ln 25
Owns and owesPt X
$791K
net assets · Ln 32
Cash and savingsLn 1–2$777K
Total assetsLn 16$791K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$14
Other incomeLn 4–11$2K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$777K
Cash and savings togetherLn 1–2$777K
Land, buildings, equipmentLn 10c$14K
Total assetsLn 16$791K
LiabilitiesLn 26$0
Net assetsLn 32$791K
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 FY20End FY20
Cash and savingsLn 1–2$903K$777K
Land, buildings, equipmentLn 10c$4K$14K
Total assetsLn 16$907K$791K
LiabilitiesLn 26$0$0
Net assetsLn 32$907K$791K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$51K
Pay of current officers, directors and key staffLn 5$696K
Other salaries and wagesLn 7$69K
Pension plan contributionsLn 8$10K
Other employee benefitsLn 9$26K
Payroll taxesLn 10$51K
Legal feesLn 11b$77K
Accounting feesLn 11c$16K
Lobbying feesLn 11d$60K
Advertising and promotionLn 12$20K
Office expensesLn 13$53K
Information technologyLn 14$10K
OccupancyLn 16$64K
TravelLn 17$18K
Conferences, conventions and meetingsLn 19$57K
Depreciation, depletion and amortizationLn 22$690
InsuranceLn 23$8K
Other expenses (24a–d)Ln 24$154K
Total functional expensesLn 25$1.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $1.3M$1.4M−$117K$791K 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 FY2020 990 (6 parts)
Part I · Summary $1,324,028 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,810,054$1,321,614
I-10 Investment incomePrior year $13,306$14
I-11 Other revenuePrior year $2,400$2,400
I-12 Total revenuePrior year $1,825,760$1,324,028
I-13 Grants and similar amounts paidPrior year $160,105$51,145
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,021,446$851,731
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $713,853$537,721
I-18 Total expensesPrior year $1,895,404$1,440,597
I-19 Revenue less expensesPrior year −$69,644−$116,569
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 $1,324,028 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,321,614$1,321,614
VIII-3 Investment incomeExcluded from tax $14$14
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,400$2,400
VIII-12 Total revenueRelated to mission $1,324,014 · Unrelated business $0 · Excluded from tax $14$1,324,028
Part IX · Statement of functional expenses $1,440,597 across 18 lines filed
IX-1 Grants to domestic organizations$51,145
IX-5 Pay of current officers, directors and key staff$695,925
IX-7 Other salaries and wages$69,216
IX-8 Pension plan contributions$10,448
IX-9 Other employee benefits$25,639
IX-10 Payroll taxes$50,503
IX-11b Legal fees$76,826
IX-11c Accounting fees$15,600
IX-11d Lobbying fees$60,000
IX-12 Advertising and promotion$19,625
IX-13 Office expenses$52,922
IX-14 Information technology$10,307
IX-16 Occupancy$63,942
IX-17 Travel$17,717
IX-19 Conferences, conventions and meetings$57,397
IX-22 Depreciation, depletion and amortization$690
IX-23 Insurance$8,272
IX-24 Other expenses (24a–d)$154,423
IX-25 Total functional expenses$1,440,597
Part X · Balance sheet $790,652 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $903,387$776,956
X-10c Land, buildings and equipment, netStart of year $3,834$13,696
X-16 Total assetsStart of year $907,221$790,652
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $907,221$790,652
X-33 Total liabilities and net assetsStart of year $907,221$790,652
Part XI · Reconciliation of net assets $790,652 net assets at year end
XI-1 Total revenue$1,324,028
XI-2 Total expenses$1,440,597
XI-3 Revenue less expenses−$116,569
XI-4 Net assets at start of year$907,221
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$790,652

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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