Civic Intelligence

Northern Southeast Regional

EIN 92-0062550 • 501(c)3 • Sitka, AK

Profile

To increase salmon returns to benefit commercial and other common property users in northern southeast alaska.

1308 Sawmill Creek RoadSitka, AK 99835

www.nsraa.org

Siviq Scores

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

Liabilities / Assets

38th percentile

0.12x

Higher debt load relative to assets than 38% of similar nonprofits.

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

Liabilities / Revenue

60th percentile

0.40x

Higher debt load relative to revenue than 60% of similar nonprofits.

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

Net Margin

15th percentile

-12%

Higher net margin than 15% of similar nonprofits.

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

Top Officer Pay

41st percentile

$228,149

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

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

Asset Growth

29th percentile

-0.1%

Faster asset growth than 29% of similar nonprofits.

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

Revenue Growth

8th percentile

-30%

Faster revenue growth than 8% of similar nonprofits.

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

Assets

Down

$36,496,231

Down $36,473 (-0.1%) from 2023

Liabilities

Up

$4,268,691

Up $172,089 (+4.2%) from 2023

Net Assets

Down

$32,227,540

Down $208,562 (-0.6%) from 2023

Revenue

Down

$10,585,893

Down $4,641,849 (-30%) from 2023

Expenses

Up

$11,875,051

Up $1,156,112 (+11%) from 2023

Net Income

Down

-$1,289,158

Down $5,797,961 (-129%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $18,197,963Liabilities 2010: $3,472,342Net Assets 2010: $14,725,6212010Assets 2011: $16,402,891Liabilities 2011: $720,718Net Assets 2011: $15,682,1732011Assets 2012: $16,736,233Liabilities 2012: $826,711Net Assets 2012: $15,909,5222012Assets 2013: $19,061,156Liabilities 2013: $3,046,597Net Assets 2013: $16,014,5592013Assets 2014: $19,876,837Liabilities 2014: $3,513,266Net Assets 2014: $16,363,5712014Assets 2015: $24,560,368Liabilities 2015: $6,150,824Net Assets 2015: $18,409,5442015Assets 2016: $20,347,261Liabilities 2016: $4,495,600Net Assets 2016: $15,851,6612016Assets 2017: $20,167,689Liabilities 2017: $4,760,226Net Assets 2017: $15,407,4632017Assets 2018: $20,047,578Liabilities 2018: $5,245,312Net Assets 2018: $14,802,2662018Assets 2019: $33,059,831Liabilities 2019: $5,967,894Net Assets 2019: $27,091,9372019Assets 2020: $33,848,431Liabilities 2020: $6,493,739Net Assets 2020: $27,354,6922020Assets 2021: $30,334,736Liabilities 2021: $3,160,966Net Assets 2021: $27,173,7702021Assets 2022: $30,442,556Liabilities 2022: $3,274,433Net Assets 2022: $27,168,1232022Assets 2023: $36,532,704Liabilities 2023: $4,096,602Net Assets 2023: $32,436,1022023Assets 2024: $36,496,231Liabilities 2024: $4,268,691Net Assets 2024: $32,227,5402024

Highlighted filing

2024

Assets$36,496,231
Liabilities$4,268,691
Net Assets$32,227,540

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $5,005,9802010Expenses 2011: $5,795,4572011Expenses 2012: $5,853,9182012Expenses 2013: $6,523,9062013Revenue 2014: $7,661,956Expenses 2014: $7,652,450Net Income 2014: $9,5062014Revenue 2015: $10,476,670Expenses 2015: $8,139,685Net Income 2015: $2,336,9852015Revenue 2016: $5,564,006Expenses 2016: $8,147,983Net Income 2016: -$2,583,9772016Revenue 2017: $7,388,904Expenses 2017: $8,023,110Net Income 2017: -$634,2062017Revenue 2018: $7,564,330Expenses 2018: $8,291,558Net Income 2018: -$727,2282018Revenue 2019: $20,826,540Expenses 2019: $8,609,473Net Income 2019: $12,217,0672019Revenue 2020: $9,173,758Expenses 2020: $9,051,415Net Income 2020: $122,3432020Revenue 2021: $8,155,106Expenses 2021: $9,386,162Net Income 2021: -$1,231,0562021Revenue 2022: $10,229,590Expenses 2022: $9,448,042Net Income 2022: $781,5482022Revenue 2023: $15,227,742Expenses 2023: $10,718,939Net Income 2023: $4,508,8032023Revenue 2024: $10,585,893Expenses 2024: $11,875,051Net Income 2024: -$1,289,1582024

Highlighted filing

2024

Revenue$10,585,893
Expenses$11,875,051
Net Income-$1,289,158

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.5$4.27$32.2$10.6$11.9$1.29
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.5$4.10$32.4$15.2$10.7$4.51
2022Detailed filing. Detailed filing data is available for this year.$30.4$3.27$27.2$10.2$9.45$0.78
2021Detailed filing. Detailed filing data is available for this year.$30.3$3.16$27.2$8.16$9.39$1.23
2020Detailed filing. Detailed filing data is available for this year.$33.8$6.49$27.4$9.17$9.05$0.12
2019Detailed filing. Detailed filing data is available for this year.$33.1$5.97$27.1$20.8$8.61$12.2
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.0$5.25$14.8$7.56$8.29$0.73
2017Detailed filing. Detailed filing data is available for this year.$20.2$4.76$15.4$7.39$8.02$0.63
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.3$4.50$15.9$5.56$8.15$2.58
2015Detailed filing. Detailed filing data is available for this year.$24.6$6.15$18.4$10.5$8.14$2.34
2014Detailed filing. Detailed filing data is available for this year.$19.9$3.51$16.4$7.66$7.65$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.1$3.05$16.0$6.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$0.83$15.9$5.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$0.72$15.7$5.80
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.2$3.47$14.7$5.01
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 11, 2023
Return Version
2021v4.0
Gross Receipts
$10,229,590
Mission and Program Overview

Mission

To increase salmon returns to benefit commercial and other common property users in northern southeast alaska.

To assist in the restoration and rehabiliation of alaska's salmon stocks, and to supplement the fisheries of alaska by utilizing artifical propagation to enhance the availability of salmon to all common property users, without adversely affecting wild salmon stocks.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$17,901,843$17,071,716▼ $830,127
Land, Buildings, and Equipment, Net$11,013,360$11,824,543▲ $811,183
Pledges and Grants Receivable-$598,846-
Prepaid Expenses and Deferred Charges$237,725$557,078▲ $319,353
Cash and Non-Interest-Bearing Accounts$395,936$282,276▼ $113,660
Accounts Receivable$517,570$80,251▼ $437,319
Savings and Temporary Cash Investments$268,302$27,846▼ $240,456
Total Assets$30,334,736$30,442,556▲ $107,820
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,300,000$2,300,000→ $0
Accounts Payable and Accrued Expenses$814,864$919,053▲ $104,189
Deferred Revenue$46,102$55,380▲ $9,278
Total Liabilities$3,160,966$3,274,433▲ $113,467
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$27,173,770$27,168,123▼ $5,647
Total Net Assets Fund Balance$27,173,770$27,168,123▼ $5,647
Total Liabilities and Net Assets / Fund Balance$30,334,736$30,442,556▲ $107,820

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,553,826$13,792,440$22,346,266
Equipment$1,316,722$10,278,608$11,595,330
Other Land Buildings$1,838,853-$1,838,853
Land$115,142-$115,142
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott WagnerGeneral ManaFT$160,000$8,850$168,850
Scott WagnerGeneral Manager-$160,000$8,850$168,850
Adam OlsonOperations M-$109,814$16,835$126,649
Ilona MayoOffice ManagFT$73,825$21,441$95,266

Board Members and Trustees

NameTitle
Bill DavidsonBoard Member
Brian MasseyBoard Member
Caleb RobbinsBoard Member
Chris YstadBoard Member
Dave GibsonBoard Member
Dave MooreBoard Member
Eric JordanBoard Member
Henrich Kadake SrBoard Member
Jackson CombsBoard Member
James MooreBoard Member
Joe CisneyBoard Member
John BlankenshipBoard Member
Karle WolfeBoard Member
Kord ChristiansonBoard Member
Matt GiambroneBoard Member
Max WorhatchBoard Member
Mike ForbushBoard Member
Mitch EideBoard Member
Rob SchwartzBoard Member
Stuart DewittBoard Member
William BergmannBoard Member
Zachery OlsonBoard Member
Justin PeelerBoard Presid
Deborah LyonsBoard Sec/tr
William PrisciandaroBoard Vice P

Highest Paid Contractors

ContractorServicesLocationCompensation
Bl Terry LLCTowing/freight1900 W NICKERSON ST SUITE 116-83, Seattle, WA 98119$151,623
Oceanside ExcavationConstruction1810 EDGECUMBE DRIVE, Sitka, AK 99835$111,975
Revenue and Support

Revenue Composition

Contributions and Grants
$944,756
Program Service Revenue
$1,312,203
Investment Income
$247,818
Other Revenue
$7,724,813
Change in Net Assets
$781,548

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,198,685
Revenue Not Reported on Financial Statements
$30,905
Revenue Not Reported on Form 990
$-645,181
Total Revenue per Audited Statements
$9,553,504
Total Revenue per Form 990
$10,229,590
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,009,234
Salaries, Compensation, and Employee Benefits$3,207,383
Grants and Similar Amounts Paid$231,425
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,807,641$451,216-$2,258,857
Depreciation Depletion$1,298,330--$1,298,330
Other Employee Benefits$356,191$54,274-$410,465
Other Expenses$313,104$6,892-$319,996
Current Officers, Directors, Trustees, and Key Employees-$264,989-$264,989
Occupancy$231,083$27,106-$258,189
Fees for Services Other$236,181$6,542-$242,723
Travel$159,198$68,649-$227,847
Grants to Domestic Orgs$226,425--$226,425
Payroll Taxes$143,625$48,308-$191,933
Insurance$151,743$36,546-$188,289
Office Expenses$115,204$31,677-$146,881
Pension Plan Contributions$68,053$13,086-$81,139
All Other Expenses$35,300$19,537-$54,837
Fees for Service Investment Mgmnt Fees-$30,905-$30,905
Fees for Services Accounting-$28,164-$28,164
Information Technology$3,025$15,147-$18,172
Advertising$48$14,986-$15,034
Fees for Services Lobbying-$15,000-$15,000
Grants to Domestic Individuals$5,000--$5,000
Fees for Services Legal-$701-$701
Total Functional Expenses$8,287,242$1,160,800$0$9,448,042

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,559,151
Total Expenses per Form 990$9,448,042
Expenses per Audited Statements$9,417,137
Expenses Not Reported on Form 990$142,014
Expenses Not Reported on Financial Statements$30,905
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sitka Sound Science CenterSitka, AK3Salmon Production$140,000
State of Alaska - Department ofJuneau, AKGovHatchery Wild Resear$50,000
Alaska Trollers AssociationJuneau, AK5Wild Fish Conservanc$25,000
Alaska Marine Safety Education AssoSitka, AK3Marine Safety Prog$10,000
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
Yes
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Management duties delegated
No

Governance Explanations

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

Oranization's form 990 is reviewed by general manager and board secretary/ treasurer prior to filing with internal revenue service. The form 990 is made available to all board members.

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

Organization's directors and top management officials are required to annually identify possible conflicts. Management monitors compliance.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Northern Southeast Regional
EIN
92-0062550
Phone
9077476850
Address
1308 SAWMILL CREEK ROAD, SITKA, AK 99835

Signing Officer

Name
Scott Wagner
Title
General Manager
Phone
9077486850
Signed
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Wagner
Formed
1977
Legal Domicile
Ak
Voting Board Members
25
Independent Board Members
25
Employees
81

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, Page 2, Part III, Line 4A

The total expenses of nsraa are directed toward producing salmon fry and smolt at four facilities (medvejie, hidden falls, gunnuk creek & smc hatcheries), and one lake stocking program at deer lake. The production of salmon fry and smolt are released to the ocean annually, and return in two to four years time, during which the fish are a public resource and belong to the citizens of the state of alaska. The purpose of raising and releasing salmon is to increase the common property catch and value in salmon fisheries throughout southeast alaska. Nsraa produces and releases approximately 250 million chum salmon fry, 7.5 million coho smolt, and 3.4 million chinook smolt annually. The value to commercial and sports fisheries is generally in excess of 10 million each year. In 2022, nsraa value to commercial fisheries was 6.75 million.

Form 990, Part XI, Line 9

Passthrough funding to npo agency 142,014 passthrough funding to npo agency -142,014

Financial Statement Notes

Schedule D, Page 3, Part X

Nsraa is exempt from state income taxation under section 501(c)(3) of the internal revenue code (irc), though it would be subject to tax on income unrelated to its exempt purposes (unless that income is otherwise excluded by the irc). Contributions to nsraa are tax deductible to donors under section 170 of the irc. Nsraa is not classified as a private foundation. Management believes that it has appropriate support for any tax positions taken. Nsraafs state income tax returns (form 990) are subject to possible examination by the internal revenue service until the expiration of the related statute of limitations on those tax returns, which, in general, have a three year statute of limitations.

Schedule D, Page 4, Part XI, Line 2D

Passthrough funding to npo agency 142,014

Schedule D, Page 4, Part XII, Line 2D

Passthrough funding to npo agency 142,014

Raw XML AppendixShowing 400 of 691 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.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO ASSIST IN THE RESTORATION AND REHABILIATION OF ALASKA'S SALMON STOCKS, AND TO SUPPLEMENT THE FISHERIES OF ALASKA BY UTILIZING ARTIFICAL PROPAGATION TO ENHANCE THE AVAILABILITY OF SALMON TO ALL COMMON PROPERTY USERS, WITHOUT ADVERSELY AFFECTING WILD SALMON STOCKS.
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt0AQUACULTURE ASSOCIATION INC
IRS990/BooksInCareOfDetail/PhoneNum09077476850
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01308 SAWMILL CREEK ROAD
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IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AK
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IRS990/DepreciationDepletionGrp/ProgramServicesAmt01298330
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IRS990/Desc0THE TOTAL EXPENSES OF NSRAA ARE DIRECTED TOWARD PRODUCING SALMON FRY AND SMOLT AT FOUR FACILITIES (MEDVEJIE, HIDDEN FALLS, GUNNUK CREEK & SMC HATCHERIES), AND ONE LAKE STOCKING PROGRAM AT DEER LAKE. THE PRODUCTION OF SALMON FRY AND SMOLT ARE RELEASED TO THE OCEAN ANNUALLY, AND RETURN IN TWO TO FOUR YEARS TIME, DURING WHICH THE FISH ARE A PUBLIC RESOURCE AND BELONG TO THE CITIZENS OF THE STATE OF ALASKA. THE PURPOSE OF RAISING AND RELEASING SALMON IS TO INCREASE THE COMMON PROPERTY CATCH AND VALUE IN SALMON FISHERIES THROUGHOUT SOUTHEAST ALASKA. NSRAA PRODUCES AND RELEASES APPROXIMATELY 250 MILLION CHUM SALMON FRY, 7.5 MILLION COHO SMOLT, AND 3.4 MILLION CHINOOK SMOLT ANNUALLY. THE VALUE TO COMMERCIAL AND SPORTS FISHERIES IS GENERALLY IN EXCESS OF 10 MILLION EACH YEAR. IN 2022, NSRAA VALUE TO COMMERCIAL FISHERIES WAS 6.75 MILLION.
IRS990/DescribedInSection501c3Ind0true
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IRS990/EmployeeCnt081
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