Gb Cod Fixed Gear Sector Inc

990 • Fiscal year 2014 • EIN 41-2237942

Jan 01, 2014 to Dec 31, 2014 • Filed on May 12, 2015

Organization Profile N/A

1566 Main StreetChatham, MA 02633

(508) 945-2432

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.05x

Higher debt load relative to assets than 81% of similar nonprofits.

2014 filings • 501(c)5 • <$500k nonprofits • Source year 2014

0.21x

Higher debt load relative to revenue than 93% of similar nonprofits.

2014 filings • 501(c)5 • <$500k nonprofits • Source year 2014

5.0%

Higher net margin than 56% of similar nonprofits.

2014 filings • 501(c)5 • <$500k nonprofits • Source year 2014

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)5 • <$500k nonprofits • Source year 2014

-0.8%

Faster asset growth than 40% of similar nonprofits.

2014 filings • 501(c)5 • <$500k nonprofits • Annualized from 2013 to 2014

-4.4%

Faster revenue growth than 31% of similar nonprofits.

2014 filings • 501(c)5 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet

Liabilities / Assets81st percentile

Assets

Down

$250,775

Down $2,043 (-0.8%) from 2013

Net Assets

$238,661

Up $2,909 (+1.2%) from 2013

Liabilities

Down

$12,114

Down $4,952 (-29%) from 2013

Revenue And Expenses

Liabilities / Revenue93rd percentile Net Margin56th percentile

Revenue

Down

$58,238

Down $2,701 (-4.4%) from 2013

Expenses

Down

$55,329

Down $26,165 (-32%) from 2013

Net Income

$2,909

Up $23,464 (+114%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2014

Assets$250,775

Liabilities$12,114

Net Assets$238,661

Open 2014 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2014

Revenue$58,238

Expenses$55,329

Net Income$2,909

Open 2014 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2014 to Dec 31, 2014
Signed: May 12, 2015
Return Version: 2014v5.0
Gross Receipts: $58,238

Mission and Program Overview

Mission

The georges bank cod fixed gear sector represents a proactive group of small, dayboat fishermen on cape cod that have voluntarily come together to cooperatively manage annual allocations of fish. Its members agree to fish within sustainable limits and to stop fishing once quotas have been met, thereby, protecting fish populations for future generations. The federal government (i.e. National marine fisheries service) has agreed to provide these quotas to the sector, which includes fishermen who have developed and incorporated their organization in compliance with state and federal tax requirements.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Cash and Non-Interest-Bearing Accounts	$252,818	$249,042	▼ $3,776
Rtn Earn Endowment Incm Other Fnds	$235,752	$238,661	▲ $2,909
Land, Buildings, and Equipment, Net	-	$855	-
Prepaid Expenses and Deferred Charges	-	$471	-
Accounts Receivable	-	$407	-
Total Assets	$252,818	$250,775	▼ $2,043
Liabilities
Accounts Payable and Accrued Expenses	$17,066	$12,114	▼ $4,952
Total Liabilities	$17,066	$12,114	▼ $4,952
Net Assets / Fund Balance
Total Net Assets Fund Balance	$235,752	$238,661	▲ $2,909
Total Liabilities and Net Assets / Fund Balance	$252,818	$250,775	▼ $2,043

Asset Categories

Asset	Book Value	Depreciation	Basis
Equipment	$855	$171	$1,026

Compensation and Service Providers

Top Officer Pay43rd percentile

Board Members and Trustees

Name	Title
James Nash	President
Bruce Kaminski	Director
Eric Hesse	Director
Greg Connors	Director
Greg Walinski	Director
Jason Amaru	Director
Michael Terrenzi	Director
Jamie Eldredge	Clerk
Tim Linnell	Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $58,103
Investment Income: $0
Other Revenue: $135
Change in Net Assets: $2,909

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$55,329
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Salaries, Compensation, and Employee Benefits	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Fees for Services Other	$34,951	-	-	$34,951
Fees for Services Accounting	-	$750	-	$750
Insurance	$588	-	-	$588
Other Expenses	$500	-	-	$500
Travel	$325	-	-	$325
Depreciation Depletion	$171	-	-	$171
Total Functional Expenses	$54,579	$750	$0	$55,329

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Subject to proxy tax: No

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: No
Annual disclosure for covered persons: Yes
Audit committee: Yes
Business relationship with family members: No
Business relationship with organization members: No
Material changes to governing documents: No
Compensation from other sources disclosed: No
CEO compensation reviewed: Yes
Other officer compensation reviewed: Yes
Conflict-of-interest policy: Yes
Audited financial statements prepared: No
Key decisions subject to board approval: Yes
Management duties delegated: No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“Sector members vote to elect the members of the board of directors.”

Form 990, Page 6, Part VI, Line 7B

“Members vote to elect the members of the board of directors. Bylaw changes and/or substantial changes to sector policy require a vote by the sector membership.”

Form 990, Page 6, Part VI, Line 8B

“There are no committees in the fixed gear sector.”

Form 990, Page 6, Part VI, Line 11B

“The sector manager makes the form 990 available at a meeting of the sector's board of directors, and answers any questions. Any discussion is captured in the board meeting minutes. The sector president signs the document.”

Form 990, Page 6, Part VI, Line 12C

“The policy is completed by the sector manager. The policy is occasionally updated at the advice of legal council. All new bod members and new staff (if making purchase decisions) fill out the conflict of interest statement. Once a year, the bod and staff are asked to update their statements, usually around the annual bod meeting. In terms of enforcing the coi policy, it is really self policing unless others know of the conflict and bring it to the attention of the executives. Board members may abstain from a vote if they feel they have a conflict of interest, whether it is in the statement or not.”

Form 990, Page 6, Part VI, Line 15A

“The gb cod fixed gear sector does not have employees. The sector manager is an employee of a partner organization and her services are contracted by the sector. The sector board unanimously approved the proposed contract in the 2014 budget.”

Form 990, Page 6, Part VI, Line 15B

“The gb cod fixed gear sector does not have employees. The sector manager is an employee of a partner organization and her services are contracted by the sector. The sector board unanimously approved the proposed contract in the 2014 budget.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name: Gb Cod Fixed Gear Sector Inc
EIN: 41-2237942
Phone: 5089452432
Address: 1566 MAIN STREET, CHATHAM, MA 02633

Signing Officer

Name: Jim Nash
Title: President
Phone: 5089452432
Signed: 2015-05-12

Organization Details

Principal Officer: Jim Nash President
Formed: 2007
Legal Domicile: Ma
Voting Board Members: 9
Independent Board Members: 9
Employees: 0

Preparer

Firm: Sanders Walsh & Eaton Llp
Address: PO BOX F, OSTERVILLE, MA 02655
Preparer: Michael J Walsh CPA
Phone: 5084280790

Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The georges bank cod fixed gear sector represents a proactive group of small, dayboat fishermen on cape cod that have voluntarily come together to cooperatively manage annual allocations of fish. Its members agree to fish within sustainable limits and to stop fishing once quotas have been met, thereby, protecting fish populations for future generations. The federal government (i.e. National marine fisheries service) has agreed to provide these quotas to the sector, which includes fishermen who have developed and incorporated their organization in compliance with state and federal tax requirements.”

Form 990, Part IX, Line 11G

“Cccfa contract 34,951 0 0”

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

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IRS990/MissionDesc	0	THE GEORGES BANK COD FIXED GEAR SECTOR REPRESENTS A PROACTIVE GROUP OF SMALL, DAYBOAT FISHERMEN ON CAPE COD THAT HAVE VOLUNTARILY COME TOGETHER TO COOPERATIVELY MANAGE ANNUAL ALLOCATIONS OF FISH. ITS MEMBERS AGREE TO FISH WITHIN SUSTAINABLE LIMITS AND TO STOP FISHING ONCE QUOTAS HAVE BEEN MET, THEREBY, PROTECTING FISH POPULATIONS FOR FUTURE GENERATIONS. THE FEDERAL GOVERNMENT (I.E. NATIONAL MARINE FISHERIES SERVICE) HAS AGREED TO PROVIDE THESE QUOTAS TO THE SECTOR, WHICH INCLUDES FISHERMEN WHO HAVE DEVELOPED AND INCORPORATED THEIR ORGANIZATION IN COMPLIANCE WITH STATE AND FEDERAL TAX REQUIREMENTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	THE GEORGES BANK COD FIXED GEAR SECTOR REPRESENTS A PROACTIVE GROUP OF SMALL, DAYBOAT FISHERMEN ON CAPE COD THAT HAVE VOLUNTARILY COME TOGETHER TO COOPERATIVELY MANAGE ANNUAL ALLOCATIONS OF FISH. ITS MEMBERS AGREE TO FISH WITHIN SUSTAINABLE LIMITS AND TO STOP FISHING ONCE QUOTAS HAVE BEEN MET, THEREBY, PROTECTING FISH POPULATIONS FOR FUTURE GENERATIONS. THE FEDERAL GOVERNMENT (I.E. NATIONAL MARINE FISHERIES SERVICE) HAS AGREED TO PROVIDE THESE QUOTAS TO THE SECTOR, WHICH INCLUDES FISHERMEN WHO HAVE DEVELOPED AND INCORPORATED THEIR ORGANIZATION IN COMPLIANCE WITH STATE AND FEDERAL TAX REQUIREMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	SECTOR MEMBERS VOTE TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	MEMBERS VOTE TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS. BYLAW CHANGES AND/OR SUBSTANTIAL CHANGES TO SECTOR POLICY REQUIRE A VOTE BY THE SECTOR MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	THERE ARE NO COMMITTEES IN THE FIXED GEAR SECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	THE SECTOR MANAGER MAKES THE FORM 990 AVAILABLE AT A MEETING OF THE SECTOR'S BOARD OF DIRECTORS, AND ANSWERS ANY QUESTIONS. ANY DISCUSSION IS CAPTURED IN THE BOARD MEETING MINUTES. THE SECTOR PRESIDENT SIGNS THE DOCUMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	THE POLICY IS COMPLETED BY THE SECTOR MANAGER. THE POLICY IS OCCASIONALLY UPDATED AT THE ADVICE OF LEGAL COUNCIL. ALL NEW BOD MEMBERS AND NEW STAFF (IF MAKING PURCHASE DECISIONS) FILL OUT THE CONFLICT OF INTEREST STATEMENT. ONCE A YEAR, THE BOD AND STAFF ARE ASKED TO UPDATE THEIR STATEMENTS, USUALLY AROUND THE ANNUAL BOD MEETING. IN TERMS OF ENFORCING THE COI POLICY, IT IS REALLY SELF POLICING UNLESS OTHERS KNOW OF THE CONFLICT AND BRING IT TO THE ATTENTION OF THE EXECUTIVES. BOARD MEMBERS MAY ABSTAIN FROM A VOTE IF THEY FEEL THEY HAVE A CONFLICT OF INTEREST, WHETHER IT IS IN THE STATEMENT OR NOT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	6	THE GB COD FIXED GEAR SECTOR DOES NOT HAVE EMPLOYEES. THE SECTOR MANAGER IS AN EMPLOYEE OF A PARTNER ORGANIZATION AND HER SERVICES ARE CONTRACTED BY THE SECTOR. THE SECTOR BOARD UNANIMOUSLY APPROVED THE PROPOSED CONTRACT IN THE 2014 BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	7	THE GB COD FIXED GEAR SECTOR DOES NOT HAVE EMPLOYEES. THE SECTOR MANAGER IS AN EMPLOYEE OF A PARTNER ORGANIZATION AND HER SERVICES ARE CONTRACTED BY THE SECTOR. THE SECTOR BOARD UNANIMOUSLY APPROVED THE PROPOSED CONTRACT IN THE 2014 BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	8	GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	9	CCCFA CONTRACT 34,951 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	6	FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	7	FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	8	FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	9	FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd	0	false
IRS990/SignificantChangeInd	0	false
IRS990/SignificantNewProgramSrvcInd	0	false
IRS990/SubjectToProxyTaxInd	0	false
IRS990/TaxablePartyNotificationInd	0	false
IRS990/TaxExemptBondsInd	0	false
IRS990/TempOrPermanentEndowmentsInd	0	false
IRS990/TerminateOperationsInd	0	false
IRS990/TotalAssetsBOYAmt	0	252818
IRS990/TotalAssetsEOYAmt	0	250775
IRS990/TotalAssetsGrp/BOYAmt	0	252818
IRS990/TotalAssetsGrp/EOYAmt	0	250775
IRS990/TotalCompGreaterThan150KInd	0	false
IRS990/TotalEmployeeCnt	0	0
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt	0	0
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt	0	750
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt	0	54579
IRS990/TotalFunctionalExpensesGrp/TotalAmt	0	55329
IRS990/TotalGrossUBIAmt	0	0
IRS990/TotalLiabilitiesBOYAmt	0	17066
IRS990/TotalLiabilitiesEOYAmt	0	12114
IRS990/TotalLiabilitiesGrp/BOYAmt	0	17066
IRS990/TotalLiabilitiesGrp/EOYAmt	0	12114
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt	0	235752
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt	0	238661
IRS990/TotalProgramServiceRevenueAmt	0	58103
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	58238
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt	0	58238
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt	0	252818
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt	0	250775
IRS990/TravelGrp/ProgramServicesAmt	0	325
IRS990/TravelGrp/TotalAmt	0	325
IRS990/TypeOfOrganizationAssocInd	0	X
IRS990/UnrelatedBusIncmOverLimitInd	0	false
IRS990/UponRequestInd	0	X
IRS990/USAddress/AddressLine1Txt	0	1566 MAIN STREET
IRS990/USAddress/CityNm	0	CHATHAM
IRS990/USAddress/StateAbbreviationCd	0	MA
IRS990/USAddress/ZIPCd	0	02633
IRS990/VotingMembersGoverningBodyCnt	0	9
IRS990/VotingMembersIndependentCnt	0	9
IRS990/WebsiteAddressTxt	0	N/A
IRS990/WhistleblowerPolicyInd	0	false
ReturnHeader/BuildTS	0	2016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	JIM NASH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	5089452432
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2015-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	GB COD FIXED GEAR SECTOR INC
ReturnHeader/Filer/BusinessNameControlTxt	0	GBCO
ReturnHeader/Filer/EIN	0	412237942
ReturnHeader/Filer/PhoneNum	0	5089452432
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	1566 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm	0	CHATHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	MA
ReturnHeader/Filer/USAddress/ZIPCd	0	02633
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	043128198
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	SANDERS WALSH & EATON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	PO BOX F
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	OSTERVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	02655
ReturnHeader/PreparerPersonGrp/PhoneNum	0	5084280790
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2015-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	MICHAEL J WALSH CPA
ReturnHeader/ReturnTs	0	2015-06-05T08:03:18-05:00
ReturnHeader/ReturnTypeCd	0	990
ReturnHeader/TaxPeriodBeginDt	0	2014-01-01
ReturnHeader/TaxPeriodEndDt	0	2014-12-31
ReturnHeader/TaxYr	0	2014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $250,775
Liabilities: $12,114
Net assets: $238,661
Revenue: $58,238
Expenses: $55,329
Net income: $2,909

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.27	$0.10	$1.18	$3.82	$3.06	$0.76
2023Detailed filing. Detailed filing data is available for this year.	$0.42	$0.00	$0.42	$1.91	$2.00	$0.09
2022Detailed filing. Detailed filing data is available for this year.	$0.52	$0.01	$0.51	$3.84	$4.25	$0.41
2021Detailed filing. Detailed filing data is available for this year.	$0.95	$0.03	$0.92	$1.64	$1.80	$0.16
2020Detailed filing. Detailed filing data is available for this year.	$1.11	$0.03	$1.08	$1.14	$1.46	$0.33
2019Detailed filing. Detailed filing data is available for this year.	$1.42	$0.01	$1.41	$0.53	$1.08	$0.55
2018Detailed filing. Detailed filing data is available for this year.	$2.10	$0.13	$1.96	$0.40	$0.71	$0.31
2017Detailed filing. Detailed filing data is available for this year.	$2.30	$0.03	$2.27	$0.69	$0.82	$0.13
2016Detailed filing. Detailed filing data is available for this year.	$2.61	$0.21	$2.40	$2.07	$1.91	$0.16
2015Detailed filing. Detailed filing data is available for this year.	$2.25	$0.01	$2.24	$0.34	$0.48	$0.15
2014Detailed filing. Detailed filing data is available for this year.	$2.51	$0.12	$2.39	$0.58	$0.55	$0.03
2013Detailed filing. Detailed filing data is available for this year.	$2.53	$0.17	$2.36	$0.61	$0.81	$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.83	$0.27	$2.56		$1.06
2011Summary only. Only limited summary data is available for this year.	$1.58	$0.00	$1.58	$2.99	$1.90	$1.08