Civic Intelligence

Gb Cod Fixed Gear Sector Inc

990 • Fiscal year 2018 • EIN 41-2237942

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 23, 2019

1566 Main StreetChatham, MA 02633

(508) 945-2432

Siviq Scores

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

Liabilities / Assets

84th percentile

0.06x

Higher debt load relative to assets than 84% of similar nonprofits.

2018 filings • 501(c)5 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

0.33x

Higher debt load relative to revenue than 95% of similar nonprofits.

2018 filings • 501(c)5 • <$500k nonprofits • Source year 2018

Net Margin

2nd percentile

-76%

Higher net margin than 2% of similar nonprofits.

2018 filings • 501(c)5 • <$500k nonprofits • Source year 2018

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2018 filings • 501(c)5 • <$500k nonprofits • Source year 2018

Asset Growth

21st percentile

-8.8%

Faster asset growth than 21% of similar nonprofits.

2018 filings • 501(c)5 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

4th percentile

-42%

Faster revenue growth than 4% of similar nonprofits.

2018 filings • 501(c)5 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$209,587

Down $20,137 (-8.8%) from 2017

Net Assets

Down

$196,122

Down $30,701 (-14%) from 2017

Liabilities

Up

$13,465

Up $10,564 (+364%) from 2017

Revenue

Down

$40,252

Down $28,825 (-42%) from 2017

Expenses

Down

$70,953

Down $10,860 (-13%) from 2017

Net Income

Down

-$30,701

Down $17,965 (-141%) from 2017

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $157,922Liabilities 2011: $352Net Assets 2011: $157,5702011Assets 2012: $282,977Liabilities 2012: $26,670Net Assets 2012: $256,3072012Assets 2013: $252,818Liabilities 2013: $17,066Net Assets 2013: $235,7522013Assets 2014: $250,775Liabilities 2014: $12,114Net Assets 2014: $238,6612014Assets 2015: $225,004Liabilities 2015: $990Net Assets 2015: $224,0142015Assets 2016: $260,627Liabilities 2016: $21,068Net Assets 2016: $239,5592016Assets 2017: $229,724Liabilities 2017: $2,901Net Assets 2017: $226,8232017Assets 2018: $209,587Liabilities 2018: $13,465Net Assets 2018: $196,1222018Assets 2019: $142,118Liabilities 2019: $1,199Net Assets 2019: $140,9192019Assets 2020: $110,795Liabilities 2020: $2,639Net Assets 2020: $108,1562020Assets 2021: $95,032Liabilities 2021: $2,589Net Assets 2021: $92,4432021Assets 2022: $52,401Liabilities 2022: $1,201Net Assets 2022: $51,2002022Assets 2023: $41,945Liabilities 2023: $0Net Assets 2023: $41,9452023Assets 2024: $127,353Liabilities 2024: $9,500Net Assets 2024: $117,8532024

Highlighted filing

2018

Assets$209,587
Liabilities$13,465
Net Assets$196,122

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $298,759Expenses 2011: $190,345Net Income 2011: $108,4142011Expenses 2012: $106,4822012Revenue 2013: $60,939Expenses 2013: $81,494Net Income 2013: -$20,5552013Revenue 2014: $58,238Expenses 2014: $55,329Net Income 2014: $2,9092014Revenue 2015: $33,679Expenses 2015: $48,326Net Income 2015: -$14,6472015Revenue 2016: $206,604Expenses 2016: $191,059Net Income 2016: $15,5452016Revenue 2017: $69,077Expenses 2017: $81,813Net Income 2017: -$12,7362017Revenue 2018: $40,252Expenses 2018: $70,953Net Income 2018: -$30,7012018Revenue 2019: $52,882Expenses 2019: $108,085Net Income 2019: -$55,2032019Revenue 2020: $113,592Expenses 2020: $146,355Net Income 2020: -$32,7632020Revenue 2021: $163,851Expenses 2021: $179,564Net Income 2021: -$15,7132021Revenue 2022: $383,995Expenses 2022: $425,238Net Income 2022: -$41,2432022Revenue 2023: $191,071Expenses 2023: $200,326Net Income 2023: -$9,2552023Revenue 2024: $381,550Expenses 2024: $305,642Net Income 2024: $75,9082024

Highlighted filing

2018

Revenue$40,252
Expenses$70,953
Net Income-$30,701
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 23, 2019
Return Version
2018v3.1
Gross Receipts
$40,252
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
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$228,998$208,295▼ $20,703
Rtn Earn Endowment Incm Other Fnds$226,823$196,122▼ $30,701
Land, Buildings, and Equipment, Net-$763-
Prepaid Expenses and Deferred Charges$530$529▼ $1
Accounts Receivable$196--
Total Assets$229,724$209,587▼ $20,137
Liabilities
Accounts Payable and Accrued Expenses$2,901$13,465▲ $10,564
Total Liabilities$2,901$13,465▲ $10,564
Net Assets / Fund Balance
Total Net Assets Fund Balance$226,823$196,122▼ $30,701
Total Liabilities and Net Assets / Fund Balance$229,724$209,587▼ $20,137

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$763$1,789$2,552
Compensation and Service Providers

Board Members and Trustees

NameTitle
Greg ConnorsPresident
Dave MurdochDirector
Jared BennetDirector
Michael TerrenziDirector
Robert EldridgeDirector
Tim LinnellDirector
Eric HesseClerk
Jason AmaruTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$40,143
Investment Income
$109
Other Revenue
$0
Change in Net Assets
$-30,701
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$70,953
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$57,080--$57,080
Fees for Services Accounting-$1,250-$1,250
Insurance$1,059--$1,059
Depreciation Depletion$763--$763
Other Expenses$375--$375
All Other Expenses-$19-$19
Total Functional Expenses$69,684$1,269$0$70,953
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
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
No
Other officer compensation reviewed
No
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 6

The organization has members that assist in carrying out the mission of the organization.

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

In accordance with its bylaws, a membership majority elects members to the board of directors at its annual membership meeting. Bylaw changes and/or substantial changes to sector policy require a vote by the sector membership.

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 fill out the conflict of interest statement. Once a year, the bod members are asked to update their statements, usually around the annual bod meeting. In terms of enforcing the coi policy, it is 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 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
Greg Connors
Title
President
Phone
5089452432
Signed
2019-10-23

Organization Details

Principal Officer
Greg Connors
Formed
2007
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Sanders Walsh & Eaton Cpas LLC
Address
PO BOX F, OSTERVILLE, MA 02655
Preparer
Joseph F Mcgee 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

Fishermen's alliance contract 32,500 0 0 consulting 16,130 0 0 dock monitoring 8,450 0 0 total 57,080 0 0

Raw XML Appendix321 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.

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IRS990/MissionDesc0THE 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/ExplanationTxt0THE 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/ExplanationTxt1THE ORGANIZATION HAS MEMBERS THAT ASSIST IN CARRYING OUT THE MISSION OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SECTOR MEMBERS VOTE TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN ACCORDANCE WITH ITS BYLAWS, A MEMBERSHIP MAJORITY ELECTS MEMBERS TO THE BOARD OF DIRECTORS AT ITS ANNUAL MEMBERSHIP MEETING. BYLAW CHANGES AND/OR SUBSTANTIAL CHANGES TO SECTOR POLICY REQUIRE A VOTE BY THE SECTOR MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/ExplanationTxt5THE POLICY IS COMPLETED BY THE SECTOR MANAGER. THE POLICY IS OCCASIONALLY UPDATED AT THE ADVICE OF LEGAL COUNCIL. ALL NEW BOD MEMBERS FILL OUT THE CONFLICT OF INTEREST STATEMENT. ONCE A YEAR, THE BOD MEMBERS ARE ASKED TO UPDATE THEIR STATEMENTS, USUALLY AROUND THE ANNUAL BOD MEETING. IN TERMS OF ENFORCING THE COI POLICY, IT IS 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/ExplanationTxt6GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FISHERMEN'S ALLIANCE CONTRACT 32,500 0 0 CONSULTING 16,130 0 0 DOCK MONITORING 8,450 0 0 TOTAL 57,080 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0229724
IRS990/TotalAssetsEOYAmt0209587
IRS990/TotalAssetsGrp/BOYAmt0229724
IRS990/TotalAssetsGrp/EOYAmt0209587
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01269
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt069684
IRS990/TotalFunctionalExpensesGrp/TotalAmt070953
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02901
IRS990/TotalLiabilitiesEOYAmt013465
IRS990/TotalLiabilitiesGrp/BOYAmt02901
IRS990/TotalLiabilitiesGrp/EOYAmt013465
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0226823
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0196122
IRS990/TotalProgramServiceRevenueAmt040143
IRS990/TotalRevenueGrp/ExclusionAmt0109
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt040143
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt040252
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0229724
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0209587
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt078 SKYLINE DRIVE
IRS990/USAddress/CityNm0CHATHAM
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002633
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG CONNORS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05089452432
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GB COD FIXED GEAR SECTOR INC
ReturnHeader/Filer/BusinessNameControlTxt0GBCO
ReturnHeader/Filer/EIN0412237942
ReturnHeader/Filer/PhoneNum05089452432
ReturnHeader/Filer/USAddress/AddressLine1Txt01566 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0CHATHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002633
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02D426263845748513852DCBD2BD9A71A3091F1FA
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08E3C466F761C317283EE95887C481AD7B8FE7585
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-11-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm008:23:15
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0841894608
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SANDERS WALSH & EATON CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX F
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OSTERVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002655
ReturnHeader/PreparerPersonGrp/PhoneNum05084280790
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH F MCGEE CPA
ReturnHeader/ReturnTs02019-11-12T08:23:15-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet 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