Pacific Shellfish Institute FY2024 filing

Tax-deductible

Olympia, WA501(c)(3)Since 2004Science & TechnologyEIN 91-1703218Revenue $1.3M in FY2024

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.
$98K 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

FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $31K a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 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
$98K
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: 0.9 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
$197K
59% of total assets
Fine: liabilities are 59% 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
$1.3M
+23% vs prior year
Spent
$1.3M
To programs
95%
Net assets
$137K
By yearFY2020–FY2025
Revenue
$1.3M
FY2024▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2020$692K
FY2021$930K
FY2022$940K
FY2023$1.1M
FY2024$1.3M
FY2025$1.3M
Expenses
$1.3M
FY2024▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$697K
FY2021$877K
FY2022$963K
FY2023$1.1M
FY2024$1.3M
FY2025$1.2M
Net assets
$137K
FY2024▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$91K
FY2021$157K
FY2022$103K
FY2023$121K
FY2024$137K
FY2025$265K

From the FY2024 Form 990 (year ending August 2024) · 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: FY2025. 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% · $1.3M Management & general 4% · $58K Fundraising 0% · $5K

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; $98K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$98,221Pt 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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 · $1.3M · in their own filed words · FY2023
01

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

$1.2Mprogram expense
02

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

$56Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.3M
Other incomeLn 4–11$3K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.3M
Managementcol C$58K
Fundraisingcol D$5K
Owns and owesPt X
$137K
net assets · Ln 32
Cash and savingsLn 1–2$99K
Total assetsLn 16$333K
LiabilitiesLn 26$197K
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$1.3M
Government grantsLn 1e$1.2M
Other incomeLn 4–11$3K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$99K
Cash and savings togetherLn 1–2$99K
Land, buildings, equipmentLn 10c$8K
Total assetsLn 16$333K
LiabilitiesLn 26$197K
Net assetsLn 32$137K
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 FY24End FY24
Cash and savingsLn 1–2$51K$99K
Land, buildings, equipmentLn 10c$12K$8K
Total assetsLn 16$323K$333K
LiabilitiesLn 26$202K$197K
Net assetsLn 32$121K$137K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$108K$100K$8K$802
Other salaries and wagesLn 7$392K$361K$28K$3K
Pension plan contributionsLn 8$7K$7K$505$53
Other employee benefitsLn 9$22K$20K$2K$162
Payroll taxesLn 10$47K$44K$3K$352
Accounting feesLn 11c$13K$500$12K
Office expensesLn 13$3K$365$2K
OccupancyLn 16$27K$25K$2K$200
TravelLn 17$56K$56K$100
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$9K$9K$670$70
Other expenses (24a–d)Ln 24$635K$635K
Total functional expensesLn 25$1.3M$1.3M$58K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.3M$1.2M$128K$265K 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $1,337,738 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,087,709$1,334,976
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $2,806$2,762
I-12 Total revenuePrior year $1,090,515$1,337,738
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 $554,819$575,979
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $517,577$746,314
I-18 Total expensesPrior year $1,072,396$1,322,293
I-19 Revenue less expensesPrior year $18,119$15,445
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 $1,337,738 across 5 lines filed
VIII-1e Government grants$1,246,923
VIII-1f All other contributions, gifts and grants$88,053
VIII-1h Total contributions, gifts and grants$1,334,976
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,762$2,762
VIII-12 Total revenueRelated to mission $2,762 · Unrelated business $0 · Excluded from tax $0$1,337,738
Part IX · Statement of functional expenses $1,322,293 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $99,506 · Management $7,686 · Fundraising $802$107,994
IX-7 Other salaries and wagesPrograms $360,920 · Management $27,875 · Fundraising $2,907$391,702
IX-8 Pension plan contributionsPrograms $6,533 · Management $505 · Fundraising $53$7,091
IX-9 Other employee benefitsPrograms $20,119 · Management $1,554 · Fundraising $162$21,835
IX-10 Payroll taxesPrograms $43,635 · Management $3,370 · Fundraising $352$47,357
IX-11c Accounting feesPrograms $500 · Management $12,258$12,758
IX-13 Office expensesPrograms $365 · Management $2,182$2,547
IX-16 OccupancyPrograms $24,850 · Management $1,919 · Fundraising $200$26,969
IX-17 TravelPrograms $55,539 · Management $100$55,639
IX-22 Depreciation, depletion and amortizationPrograms $4,428$4,428
IX-23 InsurancePrograms $8,670 · Management $670 · Fundraising $70$9,410
IX-24 Other expenses (24a–d)Programs $634,563$634,563
IX-25 Total functional expensesPrograms $1,259,628 · Management $58,119 · Fundraising $4,546$1,322,293
Part X · Balance sheet $333,364 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $50,515$98,552
X-4 Accounts receivableStart of year $252,219$218,035
X-9 Prepaid expenses and deferred chargesStart of year $8,702$9,167
X-10c Land, buildings and equipment, netStart of year $12,038$7,610
X-16 Total assetsStart of year $323,474$333,364
X-17 Accounts payable and accrued expensesStart of year $185,060$165,232
X-26 Total liabilitiesStart of year $202,177$196,622
X-27 Net assets without donor restrictionsStart of year $82,743$77,071
X-28 Net assets with donor restrictionsStart of year $38,554$59,671
X-32 Total net assets or fund balancesStart of year $121,297$136,742
X-33 Total liabilities and net assetsStart of year $323,474$333,364
Part XI · Reconciliation of net assets $136,742 net assets at year end
XI-1 Total revenue$1,337,738
XI-2 Total expenses$1,322,293
XI-3 Revenue less expenses$15,445
XI-4 Net assets at start of year$121,297
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$136,742

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

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