Civic Intelligence

V Northeast Fishery Sector Inc

EIN 27-0247381 • 501(c)5 • North Kingstown, RI

Profile

The mission of the organization includes, but is not limited to, civic, educational, scientific and agricultural (regarding the harvesting of aquatic resources) activities. The organization engages in the forming of a sector of fishermen ("members") to receive or accept an aggregate allocation of fishing privileges to be harvested by members. In addition, it will manage the harvest of the aggregate allocation of fishing privilges among the members, to enhance the conditions of the members and the relevant fisheries and to improve the efficiency of harvest of the relevant fishery resources. Finally, the organization encourages responsible fishing methods and practices to conserve fishery and other environmental resources, advancing and ensuring survival of sustainable fisheries, and providing opportunities for economically practical and viable entry to and exit from the relevant fisheries.

PO Box 335North Kingstown, RI 02852

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.03x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)5 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.02x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)5 • <$500k nonprofits • Source year 2024

Net Margin

96th percentile

56%

Higher net margin than 96% of similar nonprofits.

501(c)5 • <$500k nonprofits • Source year 2024

Top Officer Pay

86th percentile

$16,615

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 13.9% of source-year revenue.

501(c)5 • <$500k nonprofits • Source year 2024

Asset Growth

99th percentile

320%

Faster asset growth than 99% of similar nonprofits.

501(c)5 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

35%

Faster revenue growth than 91% of similar nonprofits.

501(c)5 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$88,992

Up $67,780 (+320%) from 2023

Liabilities

Up

$2,344

Up $159 (+7.3%) from 2023

Net Assets

Up

$86,648

Up $67,621 (+355%) from 2023

Operations
Liabilities / Revenue76th percentileNet Margin96th percentile

Revenue

Up

$119,820

Up $31,270 (+35%) from 2023

Expenses

Down

$52,199

Down $31,382 (-38%) from 2023

Net Income

Up

$67,621

Up $62,652 (+1261%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0Assets 2010: $57,294Liabilities 2010: $38,659Net Assets 2010: $18,6352010Assets 2011: $41,331Liabilities 2011: $0Net Assets 2011: $41,3312011Assets 2012: $52,884Liabilities 2012: $0Net Assets 2012: $52,8842012Assets 2013: $29,228Liabilities 2013: $0Net Assets 2013: $29,2282013Assets 2014: $4,757Liabilities 2014: $0Net Assets 2014: $4,7572014Assets 2015: $3,220Liabilities 2015: $0Net Assets 2015: $3,2202015Assets 2016: $22,446Liabilities 2016: $869Net Assets 2016: $21,5772016Assets 2017: $4,986Liabilities 2017: $3,174Net Assets 2017: $1,8122017Assets 2018: $15,137Liabilities 2018: $2,224Net Assets 2018: $12,9132018Assets 2019: $16,850Liabilities 2019: $704Net Assets 2019: $16,1462019Assets 2020: $14,222Liabilities 2020: $167Net Assets 2020: $14,0552020Assets 2021: $11,285Liabilities 2021: $618Net Assets 2021: $10,6672021Assets 2022: $15,419Liabilities 2022: $1,361Net Assets 2022: $14,0582022Assets 2023: $21,212Liabilities 2023: $2,185Net Assets 2023: $19,0272023Assets 2024: $88,992Liabilities 2024: $2,344Net Assets 2024: $86,6482024

Highlighted filing

2024

Assets$88,992
Liabilities$2,344
Net Assets$86,648
Open 2024 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2010: $84,816Expenses 2010: $66,181Net Income 2010: $18,6352010Expenses 2011: $95,7822011Expenses 2012: $68,9302012Revenue 2013: $31,231Expenses 2013: $54,887Net Income 2013: -$23,6562013Revenue 2014: $42,577Expenses 2014: $67,048Net Income 2014: -$24,4712014Revenue 2015: $47,168Expenses 2015: $48,705Net Income 2015: -$1,5372015Revenue 2016: $92,428Expenses 2016: $74,071Net Income 2016: $18,3572016Revenue 2017: $61,978Expenses 2017: $81,742Net Income 2017: -$19,7642017Revenue 2018: $69,553Expenses 2018: $58,452Net Income 2018: $11,1012018Revenue 2019: $75,762Expenses 2019: $72,529Net Income 2019: $3,2332019Revenue 2020: $80,616Expenses 2020: $82,707Net Income 2020: -$2,0912020Revenue 2021: $86,764Expenses 2021: $90,152Net Income 2021: -$3,3882021Revenue 2022: $154,150Expenses 2022: $150,759Net Income 2022: $3,3912022Revenue 2023: $88,550Expenses 2023: $83,581Net Income 2023: $4,9692023Revenue 2024: $119,820Expenses 2024: $52,199Net Income 2024: $67,6212024

Highlighted filing

2024

Revenue$119,820
Expenses$52,199
Net Income$67,621
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$88,992
Liabilities
$2,344
Net assets
$86,648
Revenue
$119,820
Expenses
$52,199
Net income
$67,621
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.02$0.87$1.20$0.52$0.68
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.02$0.19$0.89$0.84$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.15$0.01$0.14$1.54$1.51$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.11$0.01$0.11$0.87$0.90$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.00$0.14$0.81$0.83$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.17$0.01$0.16$0.76$0.73$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.15$0.02$0.13$0.70$0.58$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.05$0.03$0.02$0.62$0.82$0.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.01$0.22$0.92$0.74$0.18
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.00$0.03$0.47$0.49$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.43$0.67$0.24
2013Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.31$0.55$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.00$0.53$0.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.00$0.41$0.96
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.39$0.19$0.85$0.66$0.19
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 15, 2023
Return Version
2022v5.0
Gross Receipts
$154,150
Mission and Program Overview

Mission

The mission of the organization includes, but is not limited to, civic, educational, scientific and agricultural (regarding the harvesting of aquatic resources) activities. The organization engages in the forming of a sector of fishermen ("members") to receive or accept an aggregate allocation of fishing privileges to be harvested by members. In addition, it will manage the harvest of the aggregate allocation of fishing privilges among the members, to enhance the conditions of the members and the relevant fisheries and to improve the efficiency of harvest of the relevant fishery resources. Finally, the organization encourages responsible fishing methods and practices to conserve fishery and other environmental resources, advancing and ensuring survival of sustainable fisheries, and providing opportunities for economically practical and viable entry to and exit from the relevant fisheries.

The mission of the organization includes, but is not limited to, civic, educational, scientific and agricultural (regarding the harvesting of aquatic resources) activities.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION ENGAGES IN THE FORMING OF A SECTOR OF FISHERMEN ("MEMBERS") TO RECEIVE ORACCEPT AN AGGREGATE ALLOCATION OF FISHING PRIVILEGES TO BE HARVESTED BY MEMBERS. THE ORGANIZATION ENCOURAGESRESPONSIBLE FISHING METHODS AND PRACTICES TO CONSERVE FISHERY AND OTHER ENVIRONMENTAL RESOURCES.$0$150,310
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DANIEL SALERNOSecretary/DirectorPT$17,308-$17,308
RODMAN SYKESPresident-$0--
ROBERT WESTCOTTTreasurer-$0--
HOWARD FOLLETTDirector-$0--
Filing and Contact Details

Filer

Filer Name
V Northeast Fishery Sector Inc
EIN
27-0247381
Phone
4019320070
Address
PO BOX 335, NORTH KINGSTOWN, RI 02852

Signing Officer

Name
Rodman Sykes
Title
President
Phone
4019320070
Signed
2023-03-15
Discuss with paid preparer
Yes

Preparer

Firm
Ppa Llp
Address
469 Centerville Road Suite 203, Warwick, RI 02886
Preparer
Mary-jo Younger
Phone
4017380010
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“INSURANCE 131.”

Form 990EZ, Part I, Line 16

“Monitoring service 123685.”

Form 990EZ, Part I, Line 16

“OFFICE EXPENSE 1385.”

Form 990EZ, Part II, Line 26

“Payroll liabilites 618. 1361.”

Raw XML Appendix140 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0RODMAN SYKES
IRS990EZ/BooksInCareOfDetail/PhoneNum04019320070
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt082 WENDELL AVE STE 200
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0PITTSFIELD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd001201
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt011285
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt015419
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt06500
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt03391
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0450
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt011285
IRS990EZ/Form990TotalAssetsGrp/EOYAmt015419
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0154150
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt010667
IRS990EZ/NetAssetsOrFundBalancesEOYAmt014058
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt010667
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt014058
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt220.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt217308
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0RODMAN SYKES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ROBERT WESTCOTT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DANIEL SALERNO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3HOWARD FOLLETT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0125201
IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION OF THE ORGANIZATION INCLUDES, BUT IS NOT LIMITED TO, CIVIC, EDUCATIONAL, SCIENTIFIC AND AGRICULTURAL (REGARDING THE HARVESTING OF AQUATIC RESOURCES) ACTIVITIES.
IRS990EZ/PrintingPublicationsPostageAmt0371
IRS990EZ/ProgramServiceRevenueAmt0147650
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANIZATION ENGAGES IN THE FORMING OF A SECTOR OF FISHERMEN ("MEMBERS") TO RECEIVE ORACCEPT AN AGGREGATE ALLOCATION OF FISHING PRIVILEGES TO BE HARVESTED BY MEMBERS. THE ORGANIZATION ENCOURAGESRESPONSIBLE FISHING METHODS AND PRACTICES TO CONSERVE FISHERY AND OTHER ENVIRONMENTAL RESOURCES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0150310
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt024737
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0618
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01361
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0150759
IRS990EZ/TotalProgramServiceExpensesAmt0150310
IRS990EZ/TotalRevenueAmt0154150
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INSURANCE 131.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MONITORING SERVICE 123685.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICE EXPENSE 1385.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAYROLL LIABILITES 618. 1361.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RODMAN SYKES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04019320070
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0V NORTHEAST FISHERY SECTOR INC
ReturnHeader/Filer/BusinessNameControlTxt0VNOR
ReturnHeader/Filer/EIN0270247381
ReturnHeader/Filer/PhoneNum04019320070
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 335
ReturnHeader/Filer/USAddress/CityNm0NORTH KINGSTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002852
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0050511194
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PPA LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0469 Centerville Road Suite 203
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Warwick
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002886
ReturnHeader/PreparerPersonGrp/PhoneNum04017380010
ReturnHeader/PreparerPersonGrp/PreparationDt02023-03-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY-JO YOUNGER
ReturnHeader/ReturnTs02023-03-28T15:22:00-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RODMAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SYKES
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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