Civic Intelligence

Bering Sea Pot Cod Cooperative

990EZ • Fiscal year 2016 • EIN 46-1055515

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 01, 2017

12042 SE Sunnyside Rd Pmb 333Clackamas, OR 97015

(602) 451-7752

Siviq Scores

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

Liabilities / Assets

68th percentile

0.02x

Higher debt load relative to assets than 68% of similar nonprofits.

2016 filings • <$500k nonprofits • Source year 2016

Liabilities / Revenue

71st percentile

0.02x

Higher debt load relative to revenue than 71% of similar nonprofits.

2016 filings • <$500k nonprofits • Source year 2016

Net Margin

90th percentile

44%

Higher net margin than 90% of similar nonprofits.

2016 filings • <$500k nonprofits • Source year 2016

Top Officer Pay

90th percentile

$36,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 43.9% of source-year revenue.

2016 filings • <$500k nonprofits • Source year 2016

Asset Growth

90th percentile

72%

Faster asset growth than 90% of similar nonprofits.

2016 filings • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

57th percentile

3.8%

Faster revenue growth than 57% of similar nonprofits.

2016 filings • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$105,960

Up $44,498 (+72%) from 2015

Net Assets

Up

$104,273

Up $42,811 (+70%) from 2015

Liabilities

$1,687

No earlier filing loaded for comparison.

Revenue

Up

$82,000

Up $3,000 (+3.8%) from 2015

Expenses

Up

$46,132

Up $2,338 (+5.3%) from 2015

Net Income

Up

$35,868

Up $662 (+1.9%) from 2015

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2015: $61,462Net Assets 2015: $61,4622015Assets 2016: $105,960Liabilities 2016: $1,687Net Assets 2016: $104,2732016Assets 2017: $139,447Liabilities 2017: $200Net Assets 2017: $139,2472017Assets 2018: $107,349Liabilities 2018: $200Net Assets 2018: $107,1492018Assets 2019: $189,517Liabilities 2019: $40,241Net Assets 2019: $149,2762019Assets 2020: $176,509Liabilities 2020: $2,500Net Assets 2020: $174,0092020Assets 2021: $166,509Liabilities 2021: $2,500Net Assets 2021: $164,0092021Assets 2022: $164,616Liabilities 2022: $2,500Net Assets 2022: $162,1162022Assets 2023: $132,607Liabilities 2023: $500Net Assets 2023: $132,1072023Assets 2024: $67,955Liabilities 2024: $0Net Assets 2024: $67,9552024

Highlighted filing

2016

Assets$105,960
Liabilities$1,687
Net Assets$104,273

Operations Trend

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

$100K$50K$0-$50K-$100KRevenue 2015: $79,000Expenses 2015: $43,794Net Income 2015: $35,2062015Revenue 2016: $82,000Expenses 2016: $46,132Net Income 2016: $35,8682016Revenue 2017: $78,000Expenses 2017: $43,026Net Income 2017: $34,9742017Revenue 2018: $52,500Expenses 2018: $84,598Net Income 2018: -$32,0982018Revenue 2019: $82,000Expenses 2019: $39,873Net Income 2019: $42,1272019Revenue 2020: $84,000Expenses 2020: $59,267Net Income 2020: $24,7332020Revenue 2021: $72,000Expenses 2021: $74,000Net Income 2021: -$2,0002021Revenue 2022: $76,200Expenses 2022: $78,093Net Income 2022: -$1,8932022Revenue 2023: $68,001Expenses 2023: $98,010Net Income 2023: -$30,0092023Revenue 2024: $0Expenses 2024: $64,152Net Income 2024: -$64,1522024

Highlighted filing

2016

Revenue$82,000
Expenses$46,132
Net Income$35,868
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 1, 2017
Return Version
2016v3.0
Gross Receipts
$82,000
Mission and Program Overview

Mission

The mission of the bering sea pot cod cooperative is to promote, foster and encourage the orderly and efficient harvest of pacific cod using pot gear in the waters of the bering sea and aleutian islands. Through active participation in research, regulation and continuous improvement of "best fishing practices" the bering sea pot cod cooperative seeks to ensure the fishery remains healthy and sustainable for future generations.

Program Services

DescriptionGrantsExpenses
ACTIVELY PARTICIPATING IN RESEARCH, REGULATION AND CONTINUOUS IMPROVEMENT OF "BEST FISHING PRACTICES", THE BERING SEA POT COD COOPERATIVE SEEKS TO ENSURE THE FISHERY REMAINS HEALTHY AND SUSTAINABLE FOR FUTURE GENERATIONS. ATTENDED NORTH PACIFIC FISHERY MANAGEMENT COUNCIL & ALASKA BUSINESS OFFICIALS MEETINGS TO REPORT ON RELEVANT ISSUES. CREATED AND DISTRIBUTED FIVE QUARTERLY NEWSLETTERS DURING 2016 IN FEBRUARY, APRIL, JUNE, OCTOBER AND DECEMBER.-$41,609
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CRAIG LOWENBERGManagerPT$36,000-$36,000
KEVIN KALDESTADPresident/Di-$0--
MIKE WOODLEYVice Preside-$0--
MIKE STONESecretary/Tr-$0--
LANCE FARRDirector-$0--
CL LOUIE LOWENBERGDirector-$0--
GARY PAINTERDirector-$0--
ERIC PEDERSONDirector-$0--
MIKE SHELFORDDirector-$0--
TIM HEUKERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Bering Sea Pot Cod Cooperative
EIN
46-1055515
Address
12042 SE SUNNYSIDE RD PMB 333, CLACKAMAS, OR 97015

Signing Officer

Name
Kevin Kaldestad
Title
President/director
Phone
6024517752
Signed
2017-09-01
Discuss with paid preparer
Yes

Preparer

Firm
GREENWOOD OHLUND & CO LLP CPA'S
Address
4241 21ST AVE W 400, SEATTLE, WA 98199
Preparer
AMANDA O'ROURKE CPA
Phone
2067821767
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses banking fees 168 travel 544 total 712

Form 990-ez, Part I, Line 20

2015 a/r & a/p balances 6,943

Form 990-ez, Part II, Line 24

Accounts receivable 0 9,000 total 0 9,000

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 1,687

Form 990-ez, Part III

The mission of the bering sea pot cod cooperative is to promote, foster and encourage the orderly and efficient harvest of pacific cod using pot gear in the waters of the bering sea and aleutian islands. Through active participation in research, regulation and continuous improvement of "best fishing practices" the bering sea pot cod cooperative seeks to ensure the fishery remains healthy and sustainable for future generations.

Form 990-ez, Part III, Line 28

Actively participating in research, regulation and continuous improvement of "best fishing practices", the bering sea pot cod cooperative seeks to ensure the fishery remains healthy and sustainable for future generations. Attended north pacific fishery management council & alaska business officials meetings to report on relevant issues. Created and distributed five quarterly newsletters during 2016 in february, april, june, october and december.

Raw XML Appendix135 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES BANKING FEES 168 TRAVEL 544 TOTAL 712
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12015 A/R & A/P BALANCES 6,943
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 0 9,000 TOTAL 0 9,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 1,687
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MISSION OF THE BERING SEA POT COD COOPERATIVE IS TO PROMOTE, FOSTER AND ENCOURAGE THE ORDERLY AND EFFICIENT HARVEST OF PACIFIC COD USING POT GEAR IN THE WATERS OF THE BERING SEA AND ALEUTIAN ISLANDS. THROUGH ACTIVE PARTICIPATION IN RESEARCH, REGULATION AND CONTINUOUS IMPROVEMENT OF "BEST FISHING PRACTICES" THE BERING SEA POT COD COOPERATIVE SEEKS TO ENSURE THE FISHERY REMAINS HEALTHY AND SUSTAINABLE FOR FUTURE GENERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ACTIVELY PARTICIPATING IN RESEARCH, REGULATION AND CONTINUOUS IMPROVEMENT OF "BEST FISHING PRACTICES", THE BERING SEA POT COD COOPERATIVE SEEKS TO ENSURE THE FISHERY REMAINS HEALTHY AND SUSTAINABLE FOR FUTURE GENERATIONS. ATTENDED NORTH PACIFIC FISHERY MANAGEMENT COUNCIL & ALASKA BUSINESS OFFICIALS MEETINGS TO REPORT ON RELEVANT ISSUES. CREATED AND DISTRIBUTED FIVE QUARTERLY NEWSLETTERS DURING 2016 IN FEBRUARY, APRIL, JUNE, OCTOBER AND DECEMBER.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
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