Civic Intelligence

Douglas Island Pink & Chum Inc

EIN 92-0060815 • 501(c)3 • Juneau, AK

Profile

To enhance production of harvestable salmon stock in the juneau area through operation of three fish hatcheries.

2697 Channel DriveJuneau, AK 99801

www.dipac.net

Siviq Scores

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

Liabilities / Assets

30th percentile

0.07x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

55th percentile

0.33x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

25th percentile

-3.5%

Higher net margin than 25% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

19th percentile

$145,723

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

28th percentile

-0.5%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-40%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$38,483,728

Up $6,008,541 (+19%) from 2022

Liabilities

Up

$2,743,107

Up $447,079 (+19%) from 2022

Net Assets

Up

$35,740,621

Up $5,561,462 (+18%) from 2022

Revenue

Up

$12,848,370

Up $5,337,618 (+71%) from 2022

Expenses

Up

$7,397,398

Up $825,887 (+13%) from 2022

Net Income

Up

$5,450,972

Up $4,511,731 (+480%) from 2022

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $28,439,084Liabilities 2011: $11,647,191Net Assets 2011: $16,791,8932011Assets 2012: $29,279,293Liabilities 2012: $4,842,249Net Assets 2012: $24,437,0442012Assets 2013: $39,157,460Liabilities 2013: $1,767,026Net Assets 2013: $37,390,4342013Assets 2014: $36,761,547Liabilities 2014: $284,323Net Assets 2014: $36,477,2242014Assets 2015: $26,345,352Liabilities 2015: $185,302Net Assets 2015: $26,160,0502015Assets 2016: $27,938,107Liabilities 2016: $966,366Net Assets 2016: $26,971,7412016Assets 2017: $29,539,960Liabilities 2017: $1,410,535Net Assets 2017: $28,129,4252017Assets 2018: $35,249,797Liabilities 2018: $5,900,733Net Assets 2018: $29,349,0642018Assets 2019: $34,528,004Liabilities 2019: $2,378,152Net Assets 2019: $32,149,8522019Assets 2020: $30,165,834Liabilities 2020: $158,241Net Assets 2020: $30,007,5932020Assets 2021: $32,527,858Liabilities 2021: $1,308,612Net Assets 2021: $31,219,2462021Assets 2022: $32,475,187Liabilities 2022: $2,296,028Net Assets 2022: $30,179,1592022Assets 2023: $38,483,728Liabilities 2023: $2,743,107Net Assets 2023: $35,740,6212023

Highlighted filing

2023

Assets$38,483,728
Liabilities$2,743,107
Net Assets$35,740,621

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $5,115,9792011Expenses 2012: $8,503,2332012Expenses 2013: $7,665,4942013Revenue 2014: $11,876,247Expenses 2014: $13,295,537Net Income 2014: -$1,419,2902014Revenue 2015: $9,365,699Expenses 2015: $9,117,847Net Income 2015: $247,8522015Revenue 2016: $8,107,943Expenses 2016: $7,237,335Net Income 2016: $870,6082016Revenue 2017: $8,221,224Expenses 2017: $7,501,068Net Income 2017: $720,1562017Revenue 2018: $14,256,459Expenses 2018: $12,949,733Net Income 2018: $1,306,7262018Revenue 2019: $11,950,488Expenses 2019: $9,316,543Net Income 2019: $2,633,9452019Revenue 2020: $4,598,392Expenses 2020: $6,804,433Net Income 2020: -$2,206,0412020Revenue 2021: $5,618,672Expenses 2021: $5,977,780Net Income 2021: -$359,1082021Revenue 2022: $7,510,752Expenses 2022: $6,571,511Net Income 2022: $939,2412022Revenue 2023: $12,848,370Expenses 2023: $7,397,398Net Income 2023: $5,450,9722023

Highlighted filing

2023

Revenue$12,848,370
Expenses$7,397,398
Net Income$5,450,972

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$38.5$2.74$35.7$12.8$7.40$5.45
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.5$2.30$30.2$7.51$6.57$0.94
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.5$1.31$31.2$5.62$5.98$0.36
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.2$0.16$30.0$4.60$6.80$2.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.5$2.38$32.1$12.0$9.32$2.63
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.2$5.90$29.3$14.3$12.9$1.31
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.5$1.41$28.1$8.22$7.50$0.72
2016Detailed filing. Detailed filing data is available for this year.$27.9$0.97$27.0$8.11$7.24$0.87
2015Detailed filing. Detailed filing data is available for this year.$26.3$0.19$26.2$9.37$9.12$0.25
2014Summary only. Only limited summary data is available for this year.$36.8$0.28$36.5$11.9$13.3$1.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.2$1.77$37.4$7.67
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.3$4.84$24.4$8.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.4$11.6$16.8$5.12
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 9, 2023
Return Version
2021v4.0
Gross Receipts
$10,711,111
Mission and Program Overview

Mission

To enhance production of harvestable salmon stock in the juneau area through operation of three fish hatcheries.

To enhance production of harvestable salmon stock in the juneau area through operation of two fish hatcheries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,678,180$13,601,009▼ $1,077,171
Land, Buildings, and Equipment, Net$12,319,395$12,017,809▼ $301,586
Savings and Temporary Cash Investments$4,425,782$5,587,514▲ $1,161,732
Accounts Receivable$385,185$459,180▲ $73,995
Intangible Assets$374,049$359,087▼ $14,962
Cash and Non-Interest-Bearing Accounts$135,446$249,057▲ $113,611
Inventories for Sale or Use$175,781$140,943▼ $34,838
Prepaid Expenses and Deferred Charges$34,040$60,588▲ $26,548
Total Assets$32,527,858$32,475,187▼ $52,671
Liabilities
Mortgage Notes Payable Secured by Investment Property$858,697$1,980,333▲ $1,121,636
Accounts Payable and Accrued Expenses$173,217$315,695▲ $142,478
Deferred Revenue$276,698--
Total Liabilities$1,308,612$2,296,028▲ $987,416
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$31,219,246$30,179,159▼ $1,040,087
Total Net Assets Fund Balance$31,219,246$30,179,159▼ $1,040,087
Total Liabilities and Net Assets / Fund Balance$32,527,858$32,475,187▼ $52,671

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,776,068$10,278,233$17,054,301
Equipment$2,693,882$7,327,544$10,021,426
Other Land Buildings$1,452,579-$1,452,579
Land$1,095,280-$1,095,280

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,610,215-▼ $199,509-$1,338,706
2020$1,319,454-▲ $299,165-$1,610,215
2019$1,359,323-▼ $34,522-$1,319,454
2018$1,276,400-▲ $109,923-$1,359,323
2017$1,297,960-▲ $67,440-$1,276,400
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katherine HarmsExecutive DiFT$103,000$18,102$121,102
Bonny MillardBoard Member-$42,426-$42,426
Eric PrestegardSpecial AdviFT$32,750$1,638$34,388

Board Members and Trustees

NameTitle
Albert ShawBoard Member
Alex WertheimerBoard Member
Chris KnightBoard Member
Chris McdowellBoard Member
Cindy HansenBoard Member
Dave GaudetBoard Member
Gunnar NoreenBoard Member
Jeremy JensenBoard Member
Jim CartmillBoard Member
Joe ZuboffBoard Member
John GeorgeBoard Member
Lars StangelandBoard Member
Michael TagabanBoard Member
Norman HughesBoard Member
Paul SwansonBoard Member
Stan SavlandBoard Member
Thatcher BrowerBoard Member
Tom MeinersBoard Member
Tyler EmersonBoard Member
Jim BeckerBoard Presid
Jim DornBoard Presid
Mark VinselBoard Secret
Sandy WilliamsBoard Treasu
Amy Jo MeinersBoard Vice P
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,088,538
Investment Income
$799,130
Other Revenue
$5,623,084
Change in Net Assets
$939,241

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,385,847
Revenue Not Reported on Financial Statements
$124,905
Revenue Not Reported on Form 990
$-1,979,328
Total Revenue per Audited Statements
$5,406,519
Total Revenue per Form 990
$7,510,752
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,755,776
Salaries, Compensation, and Employee Benefits$2,692,735
Grants and Similar Amounts Paid$123,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,455,503$328,764-$1,784,267
Depreciation Depletion$51,405$976,703-$1,028,108
Other Employee Benefits$436,877$76,325-$513,202
Occupancy$427,256$17,303-$444,559
Payroll Taxes$126,765$38,954-$165,719
Current Officers, Directors, Trustees, and Key Employees-$148,917-$148,917
Fees for Service Investment Mgmnt Fees-$124,905-$124,905
Fees for Services Other$120,000--$120,000
Insurance$98,016$18,123-$116,139
Fees for Services Accounting-$81,607-$81,607
Pension Plan Contributions$67,165$13,465-$80,630
Grants to Domestic Individuals$72,000--$72,000
Grants to Domestic Orgs$51,000--$51,000
Information Technology-$41,910-$41,910
Office Expenses$4,410$35,488-$39,898
Other Expenses$7,256$9,023-$16,279
Travel$1,852$6,743-$8,595
Advertising-$3,350-$3,350
Total Functional Expenses$4,631,721$1,939,790$0$6,571,511

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,571,511
Expenses per Audited Statements$6,446,606
Total Expenses per Audited Statements$6,446,606
Expenses Not Reported on Financial Statements$124,905
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Northern Southern RegionalSitka, AK3Wild Salmon Study$50,000
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Bonny MillardCur. DirectorFish/fry TransportNo$31,373
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Amy jo meiners cindy hansen secretary director family relationship amy jo meiners tom meiners secretary director family relationship

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

The executive director and board treasurer will review the form 990 prior to filing.

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

Compliance with the conflict of interest policy is monitored by management through review of annual statements received from all board members.

Form 990, Page 6, Part VI, Line 19

Dipac makes their financial statements, policies and governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Douglas Island Pink & Chum Inc
EIN
92-0060815
Phone
9074635113
Address
2697 CHANNEL DRIVE, JUNEAU, AK 99801

Signing Officer

Name
Katherine Harms
Title
Executive Director
Phone
9074635114
Signed
2023-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katherine Harms
Formed
1976
Legal Domicile
Ak
Voting Board Members
25
Independent Board Members
24
Employees
60

Preparer

Firm
Elgee Rehfeld LLC
Address
9309 GLACIER HWY STE B200, JUNEAU, AK 99801-9300
Preparer
Janelle Anderson
Phone
9077893178
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To sustain and enhance valuable salmon resources of the state of alaska for the economic, social, and cultural benefit of all citizens, and to promote public understanding of alaska's salmon resources and salmon fisheries through research, education, and tourism.

Form 990, Page 2, Part III, Line 4A

Hatchery programs - dipac, as a private non-profit (pnp) authorized by the state of alaska, operates two hatchery facilities, macaulay and snettisham, and twelve remote rearing and release sites for the purpose of enhancing the state's common property fisheries. The state of alaska department of fish and game issues permits which allow dipac to harvest a certain portion of the returning fish to generate revenue to cover operational costs. Dipac's goal is to contribute 70% of its production to the common property fisheries and 30% of production to the cost recovery harvest. During this reporting period of 2021 dipac's chum salmon return was 1.4m fish, which was 132% of the pre-season forecast. The chinook and coho programs continued to provide valuable sport fishing opportunities throughout juneau, with an estimated 6,600 and 43k fish returning, respectively. The sockeye program produced added value to the areas sockeye gillnet and seine fleets, with approximately 38k adults harvested in gillnet and seine fleets. Overall, dipac provided significant opportunity for commercial and sport fish harvest, which were primarily supported by the chum program that achieved a 59% production contribution to common property fisheries.

Form 990, Page 2, Part III, Line 4B

Visitor center - in 2021, dipac offered free admissions and educational tours to over 500 students and community members. Not only do we offer free admissions and tours, but dipac provides a free service to the juneau school district by developing and carrying out two specific programs (one in the fall, one in the spring) that meet district requirements for various age level learning. In the fall program, pre-k through fifth grade students learn about salmon anatomy, ecology of salmon environments, and life cycle. Second grade students, in the spring, have a specialized program on mollusks (the largest phylum in the ocean), but before the mollusk lesson begins, they are given a brief overview of hatchery operations and mission. Over the course of the summer, we welcomed approximately 55,000 paying guests through our doors to explain the importance of salmon and how the hatchery supports this sustainable fishery. Guests are offered a complementary commentary upon payment of the admissions fee and a seasonal guide leads them around the key places of the facility. For those who like to learn on their own, there are educational signs and exhibits as well as a slideshow providing all the basic hatchery information.

Financial Statement Notes

Schedule D, Page 4, Part XIII

Dipac is organized under section 501(c)(3) of the internal revenue code as a nonprofit, taxexempt organization. In addition, dipac qualifies for t charitable contribution deduction under irc section 170(b)(1)(a) and has been classified as an organization other than a private foundation under irc section 509(a)(2). Dipac follows the provisions of financial accounting standard board (fasb) asc 740 income taxes and management believes that it has appropriate support for any tax positions taken. Dipacfs federal information returns (form 990) are subject to possible examination by the internal revenue service until the expiration of the related statute of limitations on those returns, which, in general, is three years.

Raw XML AppendixShowing 400 of 649 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/Desc0HATCHERY PROGRAMS - DIPAC, AS A PRIVATE NON-PROFIT (PNP) AUTHORIZED BY THE STATE OF ALASKA, OPERATES TWO HATCHERY FACILITIES, MACAULAY AND SNETTISHAM, AND TWELVE REMOTE REARING AND RELEASE SITES FOR THE PURPOSE OF ENHANCING THE STATE'S COMMON PROPERTY FISHERIES. THE STATE OF ALASKA DEPARTMENT OF FISH AND GAME ISSUES PERMITS WHICH ALLOW DIPAC TO HARVEST A CERTAIN PORTION OF THE RETURNING FISH TO GENERATE REVENUE TO COVER OPERATIONAL COSTS. DIPAC'S GOAL IS TO CONTRIBUTE 70% OF ITS PRODUCTION TO THE COMMON PROPERTY FISHERIES AND 30% OF PRODUCTION TO THE COST RECOVERY HARVEST. DURING THIS REPORTING PERIOD OF 2021 DIPAC'S CHUM SALMON RETURN WAS 1.4M FISH, WHICH WAS 132% OF THE PRE-SEASON FORECAST. THE CHINOOK AND COHO PROGRAMS CONTINUED TO PROVIDE VALUABLE SPORT FISHING OPPORTUNITIES THROUGHOUT JUNEAU, WITH AN ESTIMATED 6,600 AND 43K FISH RETURNING, RESPECTIVELY. THE SOCKEYE PROGRAM PRODUCED ADDED VALUE TO THE AREAS SOCKEYE GILLNET AND SEINE FLEETS, WITH APPROXIMATELY 38K ADULTS HARVESTED IN GILLNET AND SEINE FLEETS. OVERALL, DIPAC PROVIDED SIGNIFICANT OPPORTUNITY FOR COMMERCIAL AND SPORT FISH HARVEST, WHICH WERE PRIMARILY SUPPORTED BY THE CHUM PROGRAM THAT ACHIEVED A 59% PRODUCTION CONTRIBUTION TO COMMON PROPERTY FISHERIES.
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