Pacific Seafood Processors Association FY2022 filing

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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.
$654K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2022 · 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
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$654K
to officers and key staff · 38% of spending
Concern: pay to officers and key staff is 38% of spending; over 30%.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 7.1 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
$1.7M
+2% vs prior year
Spent
$1.7M
To programs
0%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$1.7M
FY2022▲ +2%
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
$1.7M
FY2022▲ +37%
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
$1.1M
FY2022▼ -6%
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 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 Apr 1935.

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

Who runs it and what they're paid

13 people listed on the 990; $654K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vp- Washington DC
$248,100Pt VII · Sec A
$207,462Pt VII · Sec A
Vp- Alaska
$198,500Pt VII · Sec A
$0Pt VII · Sec A
Treasure
$0Pt VII · Sec A
Board Member
$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.

See Pacific Seafood Processors Association executive salaries →

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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 · FY2022
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 FY2022 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.7M
Money outPt IX
$1.7M
Ln 25
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$1.7M
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
Land, buildings, equipmentLn 10c$16K
Other assetsLn 15$7K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
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 FY22End FY22
Cash and savingsLn 1–2$1.1M$1.0M
Land, buildings, equipmentLn 10c$12K$16K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$725K
Pension plan contributionsLn 8$42K
Other employee benefitsLn 9$107K
Payroll taxesLn 10$44K
Legal feesLn 11b$78K
Accounting feesLn 11c$16K
Lobbying feesLn 11d$60K
Advertising and promotionLn 12$15K
Office expensesLn 13$32K
Information technologyLn 14$10K
OccupancyLn 16$44K
TravelLn 17$40K
Conferences, conventions and meetingsLn 19$47K
Depreciation, depletion and amortizationLn 22$3K
InsuranceLn 23$8K
All other expensesLn 24e$463K
Total functional expensesLn 25$1.7M$0$0$0

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 Viewing $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 FY2022 990 (6 parts)
Part I · Summary $1,661,102 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $120,000$0
I-9 Program service revenuePrior year $1,506,043$1,661,102
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $2,400$0
I-12 Total revenuePrior year $1,628,443$1,661,102
I-13 Grants and similar amounts paidPrior year $7,421$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $845,891$918,067
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $416,742$817,137
I-18 Total expensesPrior year $1,270,054$1,735,204
I-19 Revenue less expensesPrior year $358,389−$74,102
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 $1,661,102 across 11 lines filed
Lines not itemized here account for $1,661,102 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $1,661,102 · Unrelated business $0 · Excluded from tax $0$1,661,102
Part IX · Statement of functional expenses $1,735,204 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$724,639
IX-8 Pension plan contributions$42,464
IX-9 Other employee benefits$107,035
IX-10 Payroll taxes$43,929
IX-11b Legal fees$78,003
IX-11c Accounting fees$15,500
IX-11d Lobbying fees$60,000
IX-12 Advertising and promotion$15,350
IX-13 Office expenses$32,284
IX-14 Information technology$10,406
IX-16 Occupancy$43,641
IX-17 Travel$40,049
IX-19 Conferences, conventions and meetings$47,385
IX-22 Depreciation, depletion and amortization$2,607
IX-23 Insurance$8,449
IX-24e All other expenses$463,463
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,735,204
Part X · Balance sheet $1,074,939 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,137,072$1,022,898
X-9 Prepaid expenses and deferred chargesStart of year $0$29,292
X-10c Land, buildings and equipment, netStart of year $11,969$16,028
X-15 Other assets$6,721
X-16 Total assetsStart of year $1,149,041$1,074,939
X-17 Accounts payable and accrued expenses$0
X-18 Grants payable$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,149,041$1,074,939
X-33 Total liabilities and net assetsStart of year $1,149,041$1,074,939
Part XI · Reconciliation of net assets $1,074,939 net assets at year end
XI-1 Total revenue$1,661,102
XI-2 Total expenses$1,735,204
XI-3 Revenue less expenses−$74,102
XI-4 Net assets at start of year$1,149,041
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,074,939

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

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