Civic Intelligence

Prince William Sound Science &

EIN 92-0129853 • 501(c)3 • Cordova, AK

Profile

The Prince William Sound Science and Technology Institute (d.b.a. Prince William Sound Science Center) (the Center) was formed in 1989 as an Alaska not-for-profit scientific research and education corporation to contribute to the comprehensive description, sustained monitoring, and ecological understanding of Prince William Sound, the Copper River, and Gulf of Alaska. Establishment of the Center followed the Exxon Valdez oil spill, although planning of this institution preceded that event. The underlying philosophy of the Center is to serve as a model for long-term ecosystem management.

PO Box 705Cordova, AK 99574

www.pwssc.org

Siviq Scores

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

Liabilities / Assets

25th percentile

0.04x

Higher debt load relative to assets than 25% of similar nonprofits.

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

Liabilities / Revenue

38th percentile

0.18x

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

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

Net Margin

61st percentile

9.0%

Higher net margin than 61% of similar nonprofits.

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

Top Officer Pay

26th percentile

$173,918

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

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

Asset Growth

36th percentile

1.6%

Faster asset growth than 36% of similar nonprofits.

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

Revenue Growth

7th percentile

-32%

Faster revenue growth than 7% of similar nonprofits.

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

Assets

Up

$28,461,596

Up $455,358 (+1.6%) from 2023

Liabilities

Down

$1,199,338

Down $316,411 (-21%) from 2023

Net Assets

Up

$27,262,258

Up $771,769 (+2.9%) from 2023

Revenue

Down

$6,787,184

Down $3,122,360 (-32%) from 2023

Expenses

Down

$6,173,992

Down $361,101 (-5.5%) from 2023

Net Income

Down

$613,192

Down $2,761,259 (-82%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $3,054,887Liabilities 2010: $557,576Net Assets 2010: $2,497,3112010Assets 2011: $2,888,623Liabilities 2011: $470,252Net Assets 2011: $2,418,3712011Assets 2012: $3,801,019Liabilities 2012: $884,363Net Assets 2012: $2,916,6562012Assets 2013: $3,848,471Liabilities 2013: $893,138Net Assets 2013: $2,955,3332013Assets 2014: $3,959,901Liabilities 2014: $906,084Net Assets 2014: $3,053,8172014Assets 2015: $4,970,737Liabilities 2015: $2,048,433Net Assets 2015: $2,922,3042015Assets 2016: $4,136,562Liabilities 2016: $1,123,976Net Assets 2016: $3,012,5862016Assets 2017: $3,611,703Liabilities 2017: $795,406Net Assets 2017: $2,816,2972017Assets 2018: $3,183,285Liabilities 2018: $493,772Net Assets 2018: $2,689,5132018Assets 2019: $3,650,873Liabilities 2019: $929,399Net Assets 2019: $2,721,4742019Assets 2020: $5,032,306Liabilities 2020: $1,459,120Net Assets 2020: $3,573,1862020Assets 2021: $15,824,980Liabilities 2021: $2,725,087Net Assets 2021: $13,099,8932021Assets 2022: $25,438,179Liabilities 2022: $2,367,367Net Assets 2022: $23,070,8122022Assets 2023: $28,006,238Liabilities 2023: $1,515,749Net Assets 2023: $26,490,4892023Assets 2024: $28,461,596Liabilities 2024: $1,199,338Net Assets 2024: $27,262,2582024

Highlighted filing

2024

Assets$28,461,596
Liabilities$1,199,338
Net Assets$27,262,258

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,924,5862010Expenses 2011: $3,234,3452011Revenue 2012: $4,463,990Expenses 2012: $3,962,625Net Income 2012: $501,3652012Expenses 2013: $5,156,9292013Revenue 2014: $5,561,111Expenses 2014: $5,466,058Net Income 2014: $95,0532014Revenue 2015: $6,527,876Expenses 2015: $6,658,591Net Income 2015: -$130,7152015Revenue 2016: $5,115,275Expenses 2016: $5,028,622Net Income 2016: $86,6532016Revenue 2017: $4,627,192Expenses 2017: $4,823,603Net Income 2017: -$196,4112017Revenue 2018: $4,150,320Expenses 2018: $4,284,009Net Income 2018: -$133,6892018Revenue 2019: $4,216,886Expenses 2019: $4,271,575Net Income 2019: -$54,6892019Revenue 2020: $5,215,853Expenses 2020: $4,411,894Net Income 2020: $803,9592020Revenue 2021: $13,752,269Expenses 2021: $4,274,011Net Income 2021: $9,478,2582021Revenue 2022: $14,304,796Expenses 2022: $4,094,539Net Income 2022: $10,210,2572022Revenue 2023: $9,909,544Expenses 2023: $6,535,093Net Income 2023: $3,374,4512023Revenue 2024: $6,787,184Expenses 2024: $6,173,992Net Income 2024: $613,1922024

Highlighted filing

2024

Revenue$6,787,184
Expenses$6,173,992
Net Income$613,192

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$28.5$1.20$27.3$6.79$6.17$0.61
2023Detailed filing. Detailed filing data is available for this year.$28.0$1.52$26.5$9.91$6.54$3.37
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.4$2.37$23.1$14.3$4.09$10.2
2021Detailed filing. Detailed filing data is available for this year.$15.8$2.73$13.1$13.8$4.27$9.48
2020Detailed filing. Detailed filing data is available for this year.$5.03$1.46$3.57$5.22$4.41$0.80
2019Detailed filing. Detailed filing data is available for this year.$3.65$0.93$2.72$4.22$4.27$0.05
2018Detailed filing. Detailed filing data is available for this year.$3.18$0.49$2.69$4.15$4.28$0.13
2017Detailed filing. Detailed filing data is available for this year.$3.61$0.80$2.82$4.63$4.82$0.20
2016Detailed filing. Detailed filing data is available for this year.$4.14$1.12$3.01$5.12$5.03$0.09
2015Detailed filing. Detailed filing data is available for this year.$4.97$2.05$2.92$6.53$6.66$0.13
2014Detailed filing. Detailed filing data is available for this year.$3.96$0.91$3.05$5.56$5.47$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.85$0.89$2.96$5.16
2012Summary only. Only limited summary data is available for this year.$3.80$0.88$2.92$4.46$3.96$0.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$0.47$2.42$3.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$0.56$2.50$2.92
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 12, 2025
Return Version
2023v6.0
Gross Receipts
$7,138,748
Mission and Program Overview

Mission

Prince William Sound Science and Technology Institute (d.b.a. Prince William Sound Science Center) (the Center) was formed in 1989 as an Alaska not-for-profit scientific research and education corporation to contribute to the comprehensive description, sustained monitoring, and ecological understanding of Prince William Sound, the Copper River, and Gulf of Alaska. Establishment of the Center followed the Exxon Valdez oil spill, although planning of this institution preceded that event. The underlying philosophy of the Center is to serve as a model for long-term ecosystem management.

To advance community resilience and the understanding and sustainable use of ecosystems.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$23,589,319$23,953,837▲ $364,518
Savings and Temporary Cash Investments$1,078,170$1,705,259▲ $627,089
Investments in Publicly Traded Securities$1,247,903$1,451,607▲ $203,704
Cash and Non-Interest-Bearing Accounts$1,452,525$942,000▼ $510,525
Pledges and Grants Receivable$509,634$308,934▼ $200,700
Prepaid Expenses and Deferred Charges$80,846$76,623▼ $4,223
Inventories for Sale or Use$22,283$18,807▼ $3,476
Accounts Receivable$25,558$4,529▼ $21,029
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$28,006,238$28,461,596▲ $455,358
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$973,631$853,251▼ $120,380
Deferred Revenue$401,426$209,911▼ $191,515
Mortgage Notes Payable Secured by Investment Property$140,692$136,176▼ $4,516
Total Liabilities$1,515,749$1,199,338▼ $316,411
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,333,489$27,121,213▲ $787,724
Net Assets With Donor Restrictions$157,000$141,045▼ $15,955
Total Net Assets Fund Balance$26,490,489$27,262,258▲ $771,769
Total Liabilities and Net Assets / Fund Balance$28,006,238$28,461,596▲ $455,358

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,099,210$1,161,507$24,260,717
Equipment$739,875$2,203,816$2,943,691
Land$114,752-$114,752

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$18,461$944--$19,405
2022-$18,000▲ $461-$18,461
2021$100,835--$100,835-
2020$384,991$100,845-$384,991$100,835
2019-$384,991--$384,991
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katrina HoffmanCEOFT$114,063$59,855$173,918
W Scott PegauOSRI DirectorFT$81,795$71,290$153,085
Robert CampbellOceanograherFT$104,554$22,640$127,194
Linnea RonnegardFinance Direct.PT$41,507$32,462$73,969

Board Members and Trustees

NameTitle
Todd TeleszChairman
Robyn McGhee1st Vice Chair
Katherine Dugan2nd Vice Chair
Chris RurikDirector
Craig TilleryDirector
Douglas CauseyDirector
Jacques WhiteDirector
Peter AndersenDirector
Robin ReichDirector
Scott HicksDirector
Walter WredeDirector
Mead TreadwellSecretary
Thea ThomasTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
University of Alaska - FairbanksOceanographic researchPO Box 757880, Fairbanks, AK 99775$940,281
Alaska Fisheries Development FoundationBusiness researchPO Box 2223, Wrangell, AK 99929$440,814
AxiomData management3424 Robin St, Anchorage, AK 99504$202,247
Tactical ElectronicsConstruction2200 N Hemlock Avenue, Broken Arrow, OK 74012$113,489
University of AK Southeast UASCetation research11066 Auke Lake Way, Juneau, AK 99801$109,430
Revenue and Support

Revenue Composition

Contributions and Grants
$5,974,377
Program Service Revenue
$271,622
Investment Income
$100,730
Other Revenue
$440,455
All Other Contributions
$341,207
Change in Net Assets
$613,192

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table54$129,493Fair Market Value (FMV)
Total Noncash Contributions54$129,493-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,033,411
Revenue Not Reported on Financial Statements
$-246,227
Revenue Not Reported on Form 990
$158,577
Other Revenue Adjustments
$-255,503
Total Revenue per Audited Statements
$7,191,988
Total Revenue per Form 990
$6,787,184
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,795,760
Salaries, Compensation, and Employee Benefits$1,873,143
Grants and Similar Amounts Paid$505,089
Total Fundraising Expense$2
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$930,064$160,169$22,457$1,112,690
Depreciation Depletion$276,214$375,953-$652,167
Grants to Domestic Orgs$455,666--$455,666
Other Employee Benefits$358,492$70,659$11,693$440,844
Fees for Services Other$180,211$66,981$70,125$317,317
Current Officers, Directors, Trustees, and Key Employees$135,522$23,339$3,272$162,133
Travel$100,584$24,915$22,445$147,944
Occupancy$26,862$94,578$3,506$124,946
Payroll Taxes$84,450$16,645$2,755$103,850
Insurance$45,993$42,765$403$89,161
Pension Plan Contributions$43,609$8,595$1,422$53,626
Foreign Grants$49,423--$49,423
Office Expenses$47,975-$1,142$49,117
Fees for Services Accounting$27,407$9,529$9,868$46,804
Fees for Services Lobbying$12,882$4,479$4,638$21,999
Conferences and Meetings$17,914$1,964$1,401$21,279
Other Expenses$16,368$1,794$1,280$19,442
Fees for Services Legal$5,526$1,921$1,990$9,437
Fees for Service Investment Mgmnt Fees-$9,276-$9,276
Advertising-$7,622-$7,622
All Other Expenses$59,120$5,685$-226,314$-161,509
Total Functional Expenses$5,213,452$960,538$2$6,173,992

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,420,219
Expenses per Audited Statements$6,186,671
Total Expenses per Form 990$6,173,992
Expenses Not Reported on Form 990$233,548
Expenses Not Reported on Financial Statements$-12,679
Other Expense Adjustments$-21,955
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Safeguard MarineEagle River, AK-Maritime Evaluation of Refuge$149,550
University of Alaska FairbankFairbanks, AK-Aerial Sys/Oil Spill/Radar/Env. Cas$58,760
North Pacific Research BoardAnchorage, AK-Polar Bear and Seal Distribution$50,000
University of New OrleansNew Orleans, LA-Detection & Toxiciy of Hydrocarbon$46,520
Farallon InstitutePetaluma, CA-Arctic Cod$45,244
Resource Planning IncColumbia, SC-ESI Shoreline / Bird Habitat$32,734
New Jersey Institute of TechNewark, NJ-Impact of below-freezing air temper$24,999
US Fish and Wildlife ServiceAnchorage, AK-Printing of Alaska Spill Response W$20,000
Fjord & Fish SciencesAnchorage, AK-Subsistence Food Contaminant$5,728

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$589,983
Fundraising Direct Expenses$233,548
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Copper River Nouveau$306,405$306,405$52,868$253,537
General$257,578$257,578$92,862$164,716
Total Events$589,983$589,983$233,548$356,435
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
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 11B

The 990 is prepared by the accounting firm, reviewed and signed by the president. The 990 is sent electronically to all members of the Board of Directors prior to its submittal to the IRS. It is also presented to the board at the next regular meeting following submittal. The 990 is also posted on the PWSSC website, www.pwssc.org, along with the organization's audited financial statements.

Form 990, Part VI, Section B, Line 12C

PWSSC does have a conflict of interest policy. A Conflict of Interest Declaration Form is given to the Board of Directors annually and addresses the questions in this section of the 990. The form is then signed and returned to us for our files.

Form 990, Part VI, Section B, Line 15A

The PWSSC President does an annual self evaluation, which is then submitted to the Board of Directors. The Board meets with the President in open and closed sessions and then completes their evaluation of the President. The evaluation is discussed and any comments or compensation changes are then finalized with a letter signed by the Chairman of the Board. The President evaluates other key employees. The key employees provide a self evaluation to the President who then makes comments on theperformance and reviews the evaluation with the employee. Any compensation changes are finalized with a letter signed by the President/CEO.

Form 990, Part VI, Section B, Line 15B

The PWSSC President does an annual self evaluation, which is then submitted to the Board of Directors. The Board meets with the President in open and closed sessions and then completes their evaluation of the President. The evaluation is discussed and any comments or compensation changes are then finalized with a letter signed by the Chairman of the Board. The President evaluates other key employees. The key employees provide a self evaluation to the President who then makes comments on theperformance and reviews the evaluation with the employee. Any compensation changes are finalized with a letter signed by the President/CEO.

Form 990, Part VI, Section C, Line 19

PWSSC ensures that one year of audited financial statements and IRS form 990 are available on their website at pwssc.org, guidestar. These documents along with the conflict of interest policy and other governing documents are available upon request at their offices.

Filing and Contact Details

Filer

Filer Name
Prince William Sound Science &
EIN
92-0129853
Phone
9074245800
Address
PO Box 705, Cordova, AK 99574

Signing Officer

Name
Katrina Hoffman
Title
President & CEO
Signed
2025-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katrina Hoffman
Formed
1989
Legal Domicile
Ak
Voting Board Members
9
Independent Board Members
9
Employees
41
Volunteers
25

Preparer

Firm
Altman Rogers & Co
Address
3000 C ST STE 201, ANCHORAGE, AK 99503
Preparer
Sterling Gillon CPA
Phone
9072742992
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

OTHER PROGRAM SERVICES 4: Other Programs: Communications PWSSC maintains a communications program to outreach the research and education efforts and maintain awareness of our activities to our members. This program is responsible for maintaining our website, producing the Delta-Sound Connections paper, and the Breakwater newsletter among other things. Lectures on the area and the Science Center activities are provided to cruise patrons and other interested parties.Hydroponic FarmPWSSC was able to purchase an established hydroponic farming facility to develop a capacity for providing greater regional resilience through food security of items normally shipped into the community.JIP Herder/BurnerThis is a Joint Industry Program that uses funding from OSRI, North Caspian Operating Company, ExxonMobil, Shell, Bureau of Safety and Environmental Enforcement, and Clean Caribbean Americas for the development of new oil spill response technology. A remotely operated surface vessel is being developed that can apply chemical herders and ignite herded slicks for in-situ burns. The system will carry remote sensing capabilities and can be controlled locally or through a satellite link.Climate Works CO2This project examines the CO2 uptake via chemical weathering of glacial particles in the ocean. These natural particles can help us understand the potential for removing CO2 through the addition of minerals to the ocean. By studying the reaction in fjords, we have a natural reactor with regions farther from glaciers indicating what occurs through time.PWSRCAC Marine BirdsPrince William Sound Regional Citizens Advisory Council funded PWSSC for winter surveys of marine birds in Prince William Sound. The funding allows for winter marine bird surveys along the tanker lanes to identify their presence outside of the summer season when most surveys occur.PWSRCAC Weather BuoyThe Prince William Sound Citizens Advisory Council funded PWSSC to assemble and deploy two weather buoys in the Port of Valdez. These buoys provide weather information necessary to understand potential oil spill trajectories.U-Mass Avian FluSamples are being collected for the University of Massachusetts to detect if avian flu is present in the Cordova area.Other Grants / ContractsMiscellaneous PWSSC projects noted in the audit schedules. Funding from PWSSC enterprise Dept. for the R/V New Wave and miscellaneous funding for project research and education activities.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The purpose of the endowment is to support the general operations of the Prince William Sound Science Center. Procedes from it may be used to support education, research, and administrative needs.

Part X : FIN48 Footnote

The Center qualifies as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. The Center is exempt from State income taxes under the Alaska Nonprofit Corporation Act. Therefore, the accompanying statements do not reflect a provision for income taxes. Although the Center is exempt from federal income taxes, any income derived from unrelated business activities is subject to the requirement of filing U.S. Federal Income Tax Form 990-T and a tax liability may be determined on these activities. The Center had no income derived from unrelated business activities as of September 30, 2024. The Centers policy is to report interest and penalties associated with income taxes as other expense. The Center applies the provisions of Topic 740 of the FASB Accounting Standards Codification relating to accounting for uncertainty in income taxes. The Center files tax returns in the US Federal Jurisdiction and the State of Alaska. As of 2024, the tax years that remain subject to examination begins with 2021.

Part XII, Line 2D: Other expenses and losses per audited F/S

Fundraising Expenses on Part VIII $233548

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