Pacific Shellfish Institute FY2023 filing

Tax-deductible

Olympia, WA501(c)(3)Since 2004Science & TechnologyEIN 91-1703218Revenue $1.1M in FY2023

On file with the IRSpacshell.org120 State Ave Ne 1056, 98501-1131 · Olympia, WATax-exempt since Oct 2004Publicly supported charity — 170(b)(1)(A)(vi)

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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.
95¢ of each $1 spent went to programs.
$77K 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

FY2023 · 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
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$77K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
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
$202K
63% of total assets
Fine: liabilities are 63% 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
$1.1M
+16% vs prior year
Spent
$1.1M
To programs
95%
Net assets
$121K
By yearFY2020–FY2024
Revenue
$1.1M
FY2023▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$692K
FY2021$930K
FY2022$940K
FY2023$1.1M
FY2024$1.3M
FY2024$1.3M
Expenses
$1.1M
FY2023▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$697K
FY2021$877K
FY2022$963K
FY2023$1.1M
FY2024$1.3M
FY2024$1.2M
Net assets
$121K
FY2023▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$91K
FY2021$157K
FY2022$103K
FY2023$121K
FY2024$137K
FY2024$265K

From the FY2023 Form 990 (year ending August 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Oct 2004.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $1.0M Management & general 4% · $42K Fundraising 1% · $9K

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

16 people listed on the 990; $77K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$77,251Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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.

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Provided by the organization

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2 programs · $1.0M · in their own filed words · FY2022
01

Psi research services are mission-focused to support shellfish production and marine water quality on the U.S. West coast.

$970Kprogram expense
02

Psi environmental education services are also mission-focused for education and outreach related to marine ecology and nearshore water quality.

$51Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$3K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.0M
Managementcol C$42K
Fundraisingcol D$9K
Owns and owesPt X
$121K
net assets · Ln 32
Cash and savingsLn 1–2$51K
Total assetsLn 16$323K
LiabilitiesLn 26$202K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$1.0M
Other incomeLn 4–11$3K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$51K
Cash and savings togetherLn 1–2$51K
Land, buildings, equipmentLn 10c$12K
Total assetsLn 16$323K
LiabilitiesLn 26$202K
Net assetsLn 32$121K
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 FY23End FY23
Cash and savingsLn 1–2$41K$51K
Land, buildings, equipmentLn 10c$0$12K
Total assetsLn 16$333K$323K
LiabilitiesLn 26$230K$202K
Net assetsLn 32$103K$121K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$99K$92K$6K$2K
Other salaries and wagesLn 7$382K$353K$23K$6K
Pension plan contributionsLn 8$9K$9K$577$147
Other employee benefitsLn 9$20K$19K$1K$313
Payroll taxesLn 10$44K$40K$3K$684
Accounting feesLn 11c$12K$7K$5K
Office expensesLn 13$6K$5K$348$89
OccupancyLn 16$27K$25K$2K$418
TravelLn 17$42K$42K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$9K$8K$552$141
Other expenses (24a–d)Ln 24$420K$420K$6$2
Total functional expensesLn 25$1.1M$1.0M$42K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.3M$1.3M$15K$137K 990 PDF
FY2023 Viewing $1.1M$1.1M$18K$121K 990 PDF
FY2022 $940K$963K−$23K$103K 990 PDF
FY2021 $930K$877K$53K$157K 990 PDF
FY2020 $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 FY2023 990 (6 parts)
Part I · Summary $1,090,515 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $937,270$1,087,709
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $2,426$2,806
I-12 Total revenuePrior year $939,696$1,090,515
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 $469,162$554,819
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $493,951$517,577
I-18 Total expensesPrior year $963,113$1,072,396
I-19 Revenue less expensesPrior year −$23,417$18,119
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,090,515 across 5 lines filed
VIII-1e Government grants$1,003,388
VIII-1f All other contributions, gifts and grants$84,321
VIII-1h Total contributions, gifts and grants$1,087,709
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,806$2,806
VIII-12 Total revenueRelated to mission $2,806 · Unrelated business $0 · Excluded from tax $0$1,090,515
Part IX · Statement of functional expenses $1,072,396 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $91,651 · Management $6,063 · Fundraising $1,548$99,262
IX-7 Other salaries and wagesPrograms $352,861 · Management $23,340 · Fundraising $5,958$382,159
IX-8 Pension plan contributionsPrograms $8,716 · Management $577 · Fundraising $147$9,440
IX-9 Other employee benefitsPrograms $18,558 · Management $1,228 · Fundraising $313$20,099
IX-10 Payroll taxesPrograms $40,496 · Management $2,679 · Fundraising $684$43,859
IX-11c Accounting feesPrograms $6,800 · Management $5,237$12,037
IX-13 Office expensesPrograms $5,256 · Management $348 · Fundraising $89$5,693
IX-16 OccupancyPrograms $24,758 · Management $1,638 · Fundraising $418$26,814
IX-17 TravelPrograms $42,354$42,354
IX-22 Depreciation, depletion and amortizationPrograms $1,246$1,246
IX-23 InsurancePrograms $8,352 · Management $552 · Fundraising $141$9,045
IX-24 Other expenses (24a–d)Programs $420,380 · Management $6 · Fundraising $2$420,388
IX-25 Total functional expensesPrograms $1,021,428 · Management $41,668 · Fundraising $9,300$1,072,396
Part X · Balance sheet $323,474 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $41,476$50,515
X-4 Accounts receivableStart of year $283,283$252,219
X-9 Prepaid expenses and deferred chargesStart of year $8,702$8,702
X-10c Land, buildings and equipment, netStart of year $0$12,038
X-16 Total assetsStart of year $333,461$323,474
X-17 Accounts payable and accrued expensesStart of year $211,744$185,060
X-26 Total liabilitiesStart of year $230,283$202,177
X-27 Net assets without donor restrictionsStart of year $88,393$82,743
X-28 Net assets with donor restrictionsStart of year $14,785$38,554
X-32 Total net assets or fund balancesStart of year $103,178$121,297
X-33 Total liabilities and net assetsStart of year $333,461$323,474
Part XI · Reconciliation of net assets $121,297 net assets at year end
XI-1 Total revenue$1,090,515
XI-2 Total expenses$1,072,396
XI-3 Revenue less expenses$18,119
XI-4 Net assets at start of year$103,178
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$121,297

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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