Civic Intelligence

Bering Sea Pot Cod Cooperative

990EZ • Fiscal year 2018 • EIN 46-1055515

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 28, 2019

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

62nd percentile

0.00x

Higher debt load relative to assets than 62% of similar nonprofits.

2018 filings • <$500k nonprofits • Source year 2018

Liabilities / Revenue

63rd percentile

0.00x

Higher debt load relative to revenue than 63% of similar nonprofits.

2018 filings • <$500k nonprofits • Source year 2018

Net Margin

9th percentile

-61%

Higher net margin than 9% of similar nonprofits.

2018 filings • <$500k nonprofits • Source year 2018

Top Officer Pay

91st percentile

$39,000

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 74.3% of source-year revenue.

2018 filings • <$500k nonprofits • Source year 2018

Asset Growth

17th percentile

-23%

Faster asset growth than 17% of similar nonprofits.

2018 filings • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

16th percentile

-33%

Faster revenue growth than 16% of similar nonprofits.

2018 filings • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$107,349

Down $32,098 (-23%) from 2017

Net Assets

Down

$107,149

Down $32,098 (-23%) from 2017

Liabilities

Flat

$200

Flat from 2017

Revenue

Down

$52,500

Down $25,500 (-33%) from 2017

Expenses

Up

$84,598

Up $41,572 (+97%) from 2017

Net Income

Down

-$32,098

Down $67,072 (-192%) from 2017

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

2018

Assets$107,349
Liabilities$200
Net Assets$107,149

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

2018

Revenue$52,500
Expenses$84,598
Net Income-$32,098
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 28, 2019
Return Version
2018v3.1
Gross Receipts
$52,500
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. REPRESENTATIVES ATTENDED THE NORTH PACIFIC FISHERY MANAGEMENT COUNCIL, ALASKA BOARD OF FISHERIES MEETINGS, & ALASKA BUSINESS OFFICIALS MEETINGS TO REPORT ON RELEVANT ISSUES. THE ORGANIZATION CREATED AND DISTRIBUTED FOUR NEWSLETTERS DURING 2018 IN FEBRUARY, APRIL, JUNE, AND OCTOBER.-$43,278
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CRAIG LOWENBERGManagerPT$39,000-$39,000
KEVIN KALDESTADPresident/Di-$0--
MIKE WOODLEYVice Preside-$0--
MIKE STONESecretary/Tr-$0--
LANCE FARRDirector-$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
Craig Lowenberg
Title
Manager
Phone
6024517752
Signed
2019-08-28
Discuss with paid preparer
Yes

Preparer

Firm
Greenwood Ohlund & Co Llp
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 travel 4,278 bad debt 38,000 total 42,278

Form 990-ez, Part II, Line 24

Accounts receivable 47,000 54,000 total 47,000 54,000

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 200 200

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. Representatives attended the north pacific fishery management council, alaska board of fisheries meetings, & alaska business officials meetings to report on relevant issues. The organization created and distributed four newsletters during 2018 in february, april, june, and october.

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/ExplanationTxt3THE 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/ExplanationTxt4ACTIVELY 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. REPRESENTATIVES ATTENDED THE NORTH PACIFIC FISHERY MANAGEMENT COUNCIL, ALASKA BOARD OF FISHERIES MEETINGS, & ALASKA BUSINESS OFFICIALS MEETINGS TO REPORT ON RELEVANT ISSUES. THE ORGANIZATION CREATED AND DISTRIBUTED FOUR NEWSLETTERS DURING 2018 IN FEBRUARY, APRIL, JUNE, AND OCTOBER.
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