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Pacific Whiting Conservation Cooperative EIN 91-1858689

Pacific Whiting Conservation Cooperative

EIN  91-1858689 Business league / trade association Seattle, WA
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Size
$100K–1M
What they do
Manages Pacific whiting harvest, minimizing waste and bycatch while supporting research.
Leadership
Daniel Waldeck · Executive Director · $165K
Money in and out
$351K revenue, $279K expenses
Bottom line
+21% operating surplus

Manages Pacific whiting harvest, minimizing waste and bycatch while supporting research. For fiscal year 2024 it reported $351K in revenue, $279K in expenses, and $197K in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$351K
Pt VIII · Ln 12
Total expenses
$279K
Pt IX · Ln 25
Net assets
$197K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $72K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Operating surplus
+21%
revenue over expenses▲ +106% vs prior filing year
Earned revenue
91%
of revenue from program services & dues▼ -4% vs prior filing year
Payroll share
73%
of spending is salaries & benefits▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$351K
FY2024▼ -1%
Expenses
$279K
FY2024▼ -13%
Total assets
$203K
FY2024▲ +56%
Total liabilities
$6K
FY20240%
Total revenue
$351K
Pt VIII · Ln 12
Total expenses
$279K
Pt IX · Ln 25
Net assets
$197K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$72K
Total assetsPt X · Ln 16$203K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $224K of program spending, described in the organization's own filed words · FY2024.
01

Promote the orderly harvest of pacific whiting in the federal fishery off the coasts of washington and oregon, minimize waste and improve resource utilization, reduce incidental catch of non-target species, and conduct fishery research

$224Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPacific Whiting Conservation Cooperative
EINHdr · item D91-1858689
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jpacificwhiting.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFFood & Agriculture (K20)
Ruling yearIRS BMFFeb 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Daniel Waldeck
Executive Director
$165,495Pt VII · Sec A
Glenn Merrill
Vice President
$0Pt VII · Sec A
Christian Asay
Sec/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Jim Johnson
Director
$0Pt VII · Sec A
Trent Hartill
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Daniel Waldeck’s $165K as Executive Director is at the 99th percentile of top reported officer pay among 1173 $100K–1M food & agriculture 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

NameFY2024FY2023FY2021FY2020
Daniel Waldeck$165,495$189,235$221,216$198,396

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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Statement of Revenue

Part VIII
Program service revenue$320K · 91%
Investment income$31K · 9%
Program service revenue91%$320K
Investment income9%$31K
Total revenueLn 12$351K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$224K
Management & general20%$55K
Total functional expensesLn 25$279K

Balance Sheet

Part X · end of year
CashLn 1$202K
Total assetsLn 16$203K
Total liabilitiesLn 26$6K
Total net assetsLn 32$197K
Months of cash on handcomputed8.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $202K · Operating expenses/yr $279K
8.7 months
Where the money goes
Program services
Program services $224K · Total expenses $279K
80%
Management & General
Management & general $55K · Total expenses $279K
20%
Fundraising
Fundraising $0 · Total expenses $279K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $351K
0%
Government reliance
Government grants — · Total revenue $351K
—
Earned-income share
Program service revenue $320K · Total revenue $351K
91%
Investment reliance
Investment income $31K · Total revenue $351K
+9%
Program self-sufficiency
Program service revenue $320K · Total expenses $279K
115%
Growth & trend
Revenue growth (YoY)
This year $351K · Prior year $355K
-1%
Revenue CAGR
FY2020 $305K · FY2024 $351K
+4%
Net-asset trend (YoY)
End of year $197K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $351K · Expenses $279K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $203K
—
Net-asset ratio
Net assets $197K · Total assets $203K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $203K
0%
People & payroll
Highest Reported Total Compensation
Individual Daniel Waldeck · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $165K · Total expenses $279K
59%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $204K · Total expenses $279K
73%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%——
Overhead ratio 20%——
Revenue growth -1%——
Investment management fee ratio 0%——
Legal fee ratio 6%——
Accounting fee ratio 3%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $8K · 2023–2023
Responsible Offshore Dev AlFY2023$8,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$351K revenue · viewing · ⤓ 990 PDF
FY2023$355K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$297K revenue · ⤓ 990 PDF
FY2020$305K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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