Pacific Shellfish Institute FY2020 filing

Tax-deductible

Olympia, WA501(c)(3)Since 2004Science & TechnologyEIN 91-1703218

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Fostering sustainable Shellfish resources and a healthy marine environment through research and education.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$52K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
3 of 5
filings with a surplus
Average surplus $12K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$52K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $36K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$149K
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$692K
Spent
$697K
To programs
91%
Net assets
$91K
By yearFY2020–FY2024
Revenue
$692K
FY2020
Revenue by fiscal year
FY2020$692K
FY2021$930K
FY2022$940K
FY2023$1.1M
FY2024$1.3M
FY2024$1.3M
Expenses
$697K
FY2020
Expenses by fiscal year
FY2020$697K
FY2021$877K
FY2022$963K
FY2023$1.1M
FY2024$1.3M
FY2024$1.2M
Net assets
$91K
FY2020
Net assets by fiscal year
FY2020$91K
FY2021$157K
FY2022$103K
FY2023$121K
FY2024$137K
FY2024$265K

From the FY2020 Form 990 (year ending August 2020) · 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 Oct 2004.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $634K Management & general 9% · $63K

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

15 people listed on the 990; $52K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$52,474Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Roberta Hudson’s $106K as Executive Director is at the 14th percentile of top reported officer pay among 363 $1–10M science & technology 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 · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Roberta Hudson$105,876$98,221$77,251$57,484$53,163$52,474

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 Shellfish Institute 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes healthy oceans and sustainable shellfish by funding research and education.

Provided by the organization

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3 programs · $182K · in their own filed words · FY2019
01

Sk Off Bottom

This research evaluates the effects of off-bottom oyster culture on the local environment and neighboring shellfish operations. Collected data will inform predictive models to evaluate farm effects at different spatial scales and under a variety of scenarios.

$82Kprogram expense
02

Nmai Rock Scallop

This project assesses rock scallop uptake, tissue concentration and detoxification rates of phycotoxins. Experiments determine potential impacts on the developing aquaculture effort for this species.

$59Kprogram expense
03

Pcsga-Oa

This project works to understand the extent and impact of ocean acidification on bivalve shellfish. PSI researchers are currently helping to inform shellfish growers and researchers of pertinent water quality variables near shellfish setting, remote setting and hatchery sites.

$41Kprogram 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 1 funder$36K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$692K
Ln 12
Fees for servicesLn 2g$618K
Gifts and grantsLn 1h$74K
Money outPt IX
$697K
Ln 25
Programscol B$634K
Managementcol C$63K
Owns and owesPt X
$91K
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$240K
LiabilitiesLn 26$149K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$74K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$618K
Total revenueLn 12$692K
Assets in detailPt X, end of year
CashLn 1$68K
SavingsLn 2$0
Cash and savings togetherLn 1–2$68K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$0
Total assetsLn 16$240K
LiabilitiesLn 26$149K
Net assetsLn 32$91K
OperationsPt I, VI
EmployeesI 521
VolunteersI 60
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$17K$68K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$193K$240K
LiabilitiesLn 26$97K$149K
Net assetsLn 32$96K$91K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$52K$0$52K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$295K$295K$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$25K$25K$0$0
Payroll taxesLn 10$38K$38K$0$0
Management feesLn 11a$3K$3K$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$11K$0$11K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$200K$200K$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$9K$9K$0$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$24K$24K$0$0
TravelLn 17$39K$39K$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$424$424$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$0$0$0$0
Total functional expensesLn 25$697K$634K$63K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.3M$1.3M$15K$137K 990 PDF
FY2023 $1.1M$1.1M$18K$121K 990 PDF
FY2022 $940K$963K−$23K$103K 990 PDF
FY2021 $930K$877K$53K$157K 990 PDF
FY2020 Viewing $692K$697K−$5K$91K 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 (4 parts)
Part VIII · Statement of revenue $691,730 across 10 lines filed
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$73,721
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$73,721
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $618,009 · Unrelated business $0 · Excluded from tax $0$618,009
VIII-12 Total revenueRelated to mission $618,009 · Unrelated business $0 · Excluded from tax $0$691,730
Part IX · Statement of functional expenses $697,119 across 25 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $52,474 · Fundraising $0$52,474
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $294,946 · Management $0 · Fundraising $0$294,946
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $24,567 · Management $0 · Fundraising $0$24,567
IX-10 Payroll taxesPrograms $38,369 · Management $0 · Fundraising $0$38,369
IX-11a Management feesPrograms $3,015 · Management $0 · Fundraising $0$3,015
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $10,796 · Fundraising $0$10,796
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $200,145 · Management $0 · Fundraising $0$200,145
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $9,045 · Management $0 · Fundraising $0$9,045
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $24,050 · Management $0 · Fundraising $0$24,050
IX-17 TravelPrograms $39,288 · Management $0 · Fundraising $0$39,288
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $424 · Management $0 · Fundraising $0$424
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $633,849 · Management $63,270 · Fundraising $0$697,119
Part X · Balance sheet $239,759 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $17,432$68,314
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $167,198$165,823
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $7,032$3,924
X-10c Land, buildings and equipment, netStart of year $1,698$1,698
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $193,360$239,759
X-17 Accounts payable and accrued expensesStart of year $81,085$64,296
X-18 Grants payableStart of year $15,890$84,466
X-26 Total liabilitiesStart of year $96,975$148,762
X-27 Net assets without donor restrictionsStart of year $96,385$90,997
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $96,385$90,997
X-33 Total liabilities and net assetsStart of year $193,360$239,759
Part XI · Reconciliation of net assets $90,997 net assets at year end
XI-1 Total revenue$691,730
XI-2 Total expenses$697,119
XI-3 Revenue less expenses−$5,389
XI-4 Net assets at start of year$96,385
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$1
XI-10 Net assets at end of year$90,997

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

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