Civic Intelligence

Valdez Fisheries Development Association Inc

990 • Fiscal year 2014 • EIN 92-0074473

Jun 01, 2013 to May 31, 2014 • Filed on Jan 13, 2015

Organization ProfileNA

View Organization Page

PO Box 125Suite99686-0125

(907) 835-4874

Siviq Scores

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

Liabilities / Assets

91st percentile

0.98x

Higher debt load relative to assets than 91% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

86th percentile

1.78x

Higher debt load relative to revenue than 86% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

83rd percentile

27%

Higher net margin than 83% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

44th percentile

$106,000

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

77th percentile

13%

Faster asset growth than 77% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$9,744,450

Up $1,135,240 (+13%) from 2013

Net Assets

Up

$178,267

Up $1,463,869 (+114%) from 2013

Liabilities

Down

$9,566,183

Down $328,629 (-3.3%) from 2013

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin83rd percentile

Revenue

$5,372,785

No earlier filing loaded for comparison.

Expenses

Up

$3,908,916

Up $590,320 (+18%) from 2013

Net Income

$1,463,869

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$20M$10M$0-$10MAssets 2011: $7,697,102Liabilities 2011: $10,254,841Net Assets 2011: -$2,557,7392011Assets 2012: $8,329,056Liabilities 2012: $10,151,171Net Assets 2012: -$1,822,1152012Assets 2013: $8,609,210Liabilities 2013: $9,894,812Net Assets 2013: -$1,285,6022013Assets 2014: $9,744,450Liabilities 2014: $9,566,183Net Assets 2014: $178,2672014Assets 2015: $11,749,370Liabilities 2015: $10,797,482Net Assets 2015: $951,8882015Assets 2016: $13,057,037Liabilities 2016: $10,965,103Net Assets 2016: $2,091,9342016Assets 2017: $14,761,842Liabilities 2017: $11,370,008Net Assets 2017: $3,391,8342017Assets 2018: $15,525,102Liabilities 2018: $11,029,012Net Assets 2018: $4,496,0902018Assets 2019: $16,228,402Liabilities 2019: $10,371,901Net Assets 2019: $5,856,5012019Assets 2020: $16,794,245Liabilities 2020: $9,531,737Net Assets 2020: $7,262,5082020Assets 2021: $17,611,531Liabilities 2021: $8,195,899Net Assets 2021: $9,415,6322021Assets 2022: $16,996,317Liabilities 2022: $6,785,998Net Assets 2022: $10,210,3192022Assets 2023: $17,090,270Liabilities 2023: $5,852,345Net Assets 2023: $11,237,9252023Assets 2024: $18,922,559Liabilities 2024: $5,813,447Net Assets 2024: $13,109,1122024

Highlighted filing

2014

Assets$9,744,450
Liabilities$9,566,183
Net Assets$178,267
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2011: $3,998,5342011Expenses 2012: $4,000,3022012Expenses 2013: $3,318,5962013Revenue 2014: $5,372,785Expenses 2014: $3,908,916Net Income 2014: $1,463,8692014Revenue 2015: $4,453,249Expenses 2015: $3,679,628Net Income 2015: $773,6212015Revenue 2016: $4,915,321Expenses 2016: $3,775,275Net Income 2016: $1,140,0462016Revenue 2017: $5,267,432Expenses 2017: $3,967,532Net Income 2017: $1,299,9002017Revenue 2018: $5,284,162Expenses 2018: $4,306,095Net Income 2018: $978,0672018Revenue 2019: $5,675,353Expenses 2019: $4,294,457Net Income 2019: $1,380,8962019Revenue 2020: $5,674,084Expenses 2020: $4,483,746Net Income 2020: $1,190,3382020Revenue 2021: $6,053,293Expenses 2021: $4,594,216Net Income 2021: $1,459,0772021Revenue 2022: $5,681,425Expenses 2022: $4,383,390Net Income 2022: $1,298,0352022Revenue 2023: $5,700,212Expenses 2023: $4,492,582Net Income 2023: $1,207,6302023Revenue 2024: $6,589,187Expenses 2024: $4,528,977Net Income 2024: $2,060,2102024

Highlighted filing

2014

Revenue$5,372,785
Expenses$3,908,916
Net Income$1,463,869
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2013 to May 31, 2014
Signed
Jan 13, 2015
Return Version
2013v4.0
Gross Receipts
$5,372,785
Mission and Program Overview

Mission

To raise and release salmon fry to guarantee the return of salmon to Port Valdez to support commercial and sport fishing under the control of the Alaska Department of Fish and Game and the PWS Management team.

Raise salmon fry to guarantee the continued return of salmon to support commercial and sport fishing in port valdez.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,619,818$6,346,481▼ $273,337
Savings and Temporary Cash Investments$1,863,316$3,325,539▲ $1,462,223
Inventories for Sale or Use$94,934$32,684▼ $62,250
Prepaid Expenses and Deferred Charges$31,142$23,268▼ $7,874
Accounts Receivable$0$16,478▲ $16,478
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$8,609,210$9,744,450▲ $1,135,240
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,728,845$9,072,887▲ $1,344,042
Other Liabilities$1,922,637$0▼ $1,922,637
Accounts Payable and Accrued Expenses$243,330$493,296▲ $249,966
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$9,894,812$9,566,183▼ $328,629
Net Assets / Fund Balance
Temporarily Rstr Net Assets$547,414$547,414→ $0
Permanently Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-1,833,016$-369,147▲ $1,463,869
Total Net Assets Fund Balance$-1,285,602$178,267▲ $1,463,869
Total Liabilities and Net Assets / Fund Balance$8,609,210$9,744,450▲ $1,135,240

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,112,152$4,812,744$0
Other Land Buildings$125,532$137,356$0
Equipment$108,798$2,044,384$0
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleBaseOtherTotal
John StellingDirector$100,000$6,000$106,000

Board Members and Trustees

NameTitle
Pat DayPresident
Bernie CulbertsonVice President
Alan SorumDirector
Ed DayDirector
George LevasseurDirector
Ray SuttonDirector
Mike WellsExecutive Director
Thane MillerSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,353,006
Investment Income
$15,556
Other Revenue
$4,223
Change in Net Assets
$1,463,869

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,372,785
Total Revenue per Audited Statements
$5,372,785
Total Revenue per Form 990
$5,372,785
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,264,179
Salaries, Compensation, and Employee Benefits$1,644,737
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$837,142$261,469-$1,098,611
Office Expenses$828,822$21,512-$850,334
Depreciation Depletion$339,027--$339,027
Interest-$299,679-$299,679
Occupancy$266,284$6,313-$272,597
Other Employee Benefits$202,023$63,099-$265,122
Insurance$68,292$123,368-$191,660
Fees for Services Other$163,905$8,916-$172,821
Payroll Taxes$91,755$28,658-$120,413
Current Officers, Directors, Trustees, and Key Employees$80,772$25,228-$106,000
Pension Plan Contributions$41,598$12,993-$54,591
Travel$27,376$20,418-$47,794
Fees for Services Legal-$35,896-$35,896
Other Expenses$15,363$442-$15,805
Advertising$15,129--$15,129
Fees for Services Accounting-$3,990-$3,990
Total Functional Expenses$2,993,935$914,981$0$3,908,916

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,908,916
Total Expenses per Audited Statements$3,908,916
Total Expenses per Form 990$3,908,916
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
Mike WellsSon of the Former EdEmployee CompensationNo$106,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, PART VI, SECTION B, LINE 11:

“Executive director and bookkeeper review the return before it is agreed upon.”

FORM 990, PART VI, SECTION B, LINE 15:

“The foraker group from time to time compares the salaries of valdez fisheries development association employees to salaries from organizations of similiar nature.”

FORM 990, PART VI, SECTION C, LINE 19:

“All documents are provided upon request and approval of the board of directors.”

Filing and Contact Details

Filer

EIN
92-0074473
In Care Of
% LAURA THERRIAULT
Phone
9078354874

Signing Officer

Name
Pat Day
Title
President of the Board
Phone
9072788878
Signed
2015-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Wells
Formed
1982
Legal Domicile
Ak
Voting Board Members
8
Independent Board Members
8
Employees
53
Volunteers
8

Preparer

Preparer
Key E Getty CPA
Phone
9072788878
Supplemental Narrative

Additional Explanations

FORM 990, PART IV, SECTION B LINE 12C:

“The policy is reviewed, signed, and disclosed by the board annually. It is also monitored throughout the year for potential case of conflicts of interest and is brought before the board during board meetings, if any. The matter then is discussed and a solution is agreed upon.”

FORM 990, PART XII, LINE 2B:

“The financials statements are reviewed by the financial committee and approved by the board.”

FORM 990, PART XII, LINE 2C:

“Fiscal year ending 05/31/2014 is the first year the organization obtained an independent audit. A committee was established to oversee the audit and selection of an independent accountant.”

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IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt063099
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0202023
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0265122
IRS990/OtherExpensesGrp/Desc0SAFETY
IRS990/OtherExpensesGrp/Desc1TAXES & LICENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1442
IRS990/OtherExpensesGrp/ProgramServicesAmt016447
IRS990/OtherExpensesGrp/ProgramServicesAmt115363
IRS990/OtherExpensesGrp/TotalAmt019447
IRS990/OtherExpensesGrp/TotalAmt115805
IRS990/OtherLiabilitiesGrp/BOYAmt01922637
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0110000
IRS990/OtherRevenueMiscGrp/Desc0COLD STORAGE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04223
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04223
IRS990/OtherRevenueTotalAmt04223
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0261469
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0837142
IRS990/OtherSalariesAndWagesGrp/TotalAmt01098611
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt028658
IRS990/PayrollTaxesGrp/ProgramServicesAmt091755
IRS990/PayrollTaxesGrp/TotalAmt0120413
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012993
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt041598
IRS990/PensionPlanContributionsGrp/TotalAmt054591
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031142
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023268
IRS990/PrincipalOfficerNm0MIKE WELLS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0110000
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/Desc0FISH SALES
IRS990/ProgramServiceRevenueGrp/Desc1CONTRACT REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05240306
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1112700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05240306
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1112700
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt011405
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01902028
IRS990/PYOtherRevenueAmt052448
IRS990/PYProgramServiceRevenueAmt04184030
IRS990/PYRevenuesLessExpensesAmt0929287
IRS990/PYSalariesCompEmpBnftPaidAmt01416568
IRS990/PYTotalExpensesAmt03318596
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04247883
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01463869
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05357229
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01863316
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03325539
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0299009
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0248405
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0333086
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0880500
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt015556
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt011405
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt015553
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt022212
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt023307
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt088033
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05353006
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04233939
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04616288
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt04660030
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0997132
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt019860395
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt015556
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt011405
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt015553
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt022212
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt023307
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt088033
IRS990ScheduleA/InvestmentIncomeCYPct00.00422
IRS990ScheduleA/InvestmentIncomePYPct00.00630
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04223
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02539
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt015756
IRS990ScheduleA/OtherIncome509Grp/TotalAmt022518
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99470
IRS990ScheduleA/PublicSupportPY509Pct00.99280
IRS990ScheduleA/PublicSupportTotal509Amt020740895
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05353006
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt04233939
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt04915297
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt04908435
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01330218
IRS990ScheduleA/Total509Grp/TotalAmt020740895
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05372785
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04247883
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04930850
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt04946403
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01353525
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt020851446
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt06112152
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04812744
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt010742685
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0108798
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02044384
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt02153182
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03908916
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0182211
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0125532
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0137356
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0262888
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/RevenueSubtotalAmt05372785
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06346482
IRS990ScheduleD/TotalExpensesPerForm990Amt03908916
IRS990ScheduleD/TotalRevenuePerForm990Amt05372785
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05372785
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03908916
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MIKE WELLS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SON OF THE FORMER ED
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0106000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EMPLOYEE COMPENSATION
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS REVIEWED, SIGNED, AND DISCLOSED BY THE BOARD ANNUALLY. IT IS ALSO MONITORED THROUGHOUT THE YEAR FOR POTENTIAL CASE OF CONFLICTS OF INTEREST AND IS BROUGHT BEFORE THE BOARD DURING BOARD MEETINGS, IF ANY. THE MATTER THEN IS DISCUSSED AND A SOLUTION IS AGREED UPON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXECUTIVE DIRECTOR AND BOOKKEEPER REVIEW THE RETURN BEFORE IT IS AGREED UPON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORAKER GROUP FROM TIME TO TIME COMPARES THE SALARIES OF VALDEZ FISHERIES DEVELOPMENT ASSOCIATION EMPLOYEES TO SALARIES FROM ORGANIZATIONS OF SIMILIAR NATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE PROVIDED UPON REQUEST AND APPROVAL OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FINANCIALS STATEMENTS ARE REVIEWED BY THE FINANCIAL COMMITTEE AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Fiscal year ending 05/31/2014 is the first year the organization obtained an independent audit. A committee was established to oversee the audit and selection of an independent accountant.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART IV, SECTION B LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,744,450
Liabilities
$9,566,183
Net assets
$178,267
Revenue
$5,372,785
Expenses
$3,908,916
Net income
$1,463,869
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.9$5.81$13.1$6.59$4.53$2.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.1$5.85$11.2$5.70$4.49$1.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.0$6.79$10.2$5.68$4.38$1.30
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.6$8.20$9.42$6.05$4.59$1.46
2020Detailed filing. Detailed filing data is available for this year.$16.8$9.53$7.26$5.67$4.48$1.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$10.4$5.86$5.68$4.29$1.38
2018Detailed filing. Detailed filing data is available for this year.$15.5$11.0$4.50$5.28$4.31$0.98
2017Detailed filing. Detailed filing data is available for this year.$14.8$11.4$3.39$5.27$3.97$1.30
2016Detailed filing. Detailed filing data is available for this year.$13.1$11.0$2.09$4.92$3.78$1.14
2015Detailed filing. Detailed filing data is available for this year.$11.7$10.8$0.95$4.45$3.68$0.77
2014Detailed filing. Detailed filing data is available for this year.$9.74$9.57$0.18$5.37$3.91$1.46
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.61$9.89$1.29$3.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.33$10.2$1.82$4.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.70$10.3$2.56$4.00