Civic Intelligence

Prince William Sound Science & Technology Institute

990 • Fiscal year 2019 • EIN 92-0129853

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 14, 2020

PO Box 705Cordova, AK 99574

(907) 424-5800

Siviq Scores

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

Liabilities / Assets

69th percentile

0.25x

Higher debt load relative to assets than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

67th percentile

0.22x

Higher debt load relative to revenue than 67% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

35th percentile

-1.3%

Higher net margin than 35% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$145,679

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

74th percentile

15%

Faster asset growth than 74% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

43rd percentile

1.6%

Faster revenue growth than 43% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$3,650,873

Up $467,588 (+15%) from 2018

Net Assets

Up

$2,721,474

Up $31,961 (+1.2%) from 2018

Liabilities

Up

$929,399

Up $435,627 (+88%) from 2018

Revenue

Up

$4,216,886

Up $66,566 (+1.6%) from 2018

Expenses

Down

$4,271,575

Down $12,434 (-0.3%) from 2018

Net Income

Up

-$54,689

Up $79,000 (+59%) from 2018

Historical Trend

Balance Sheet Trend

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

$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

2019

Assets$3,650,873
Liabilities$929,399
Net Assets$2,721,474

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$4,216,886
Expenses$4,271,575
Net Income-$54,689
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 14, 2020
Return Version
2018v3.1
Gross Receipts
$4,998,960
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
Investments in Publicly Traded Securities$354,083$1,351,786▲ $997,703
Land, Buildings, and Equipment, Net$813,634$806,501▼ $7,133
Pledges and Grants Receivable$155,568$430,128▲ $274,560
Cash and Non-Interest-Bearing Accounts$222,720$421,597▲ $198,877
Savings and Temporary Cash Investments$1,387,434$320,640▼ $1,066,794
Accounts Receivable$161,398$214,147▲ $52,749
Prepaid Expenses and Deferred Charges$52,458$43,043▼ $9,415
Inventories for Sale or Use$14,192$15,024▲ $832
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$3,183,285$3,650,873▲ $467,588
Other Assets Total$21,798$48,007▲ $26,209
Liabilities
Accounts Payable and Accrued Expenses$423,794$687,631▲ $263,837
Deferred Revenue$62,419$241,768▲ $179,349
Mortgage Notes Payable Secured by Investment Property$7,559--
Total Liabilities$493,772$929,399▲ $435,627
Net Assets / Fund Balance
Unrestricted Net Assets$2,673,277$2,721,474▲ $48,197
Temporarily Rstr Net Assets$16,236--
Total Net Assets Fund Balance$2,689,513$2,721,474▲ $31,961
Total Liabilities and Net Assets / Fund Balance$3,183,285$3,650,873▲ $467,588

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$675,532$1,893,076$2,568,608
Leasehold Improvements$16,217$569,237$585,454
Land$114,752-$114,752

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$16,236----
2017-$16,236--$16,236
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katrina HoffmanPresident & CEOFT$111,860$33,819$145,679
W Scott PegauCOOFT$104,470$27,232$131,702
Mary Anne BishopResearch ScientistFT$100,013$9,831$109,844

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$3,710,541
Program Service Revenue
$611,519
Investment Income
$20,030
Other Revenue
$-125,204
All Other Contributions
$56,447
Change in Net Assets
$-54,689

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 Table1$50,000Fair Market Value
Total Noncash Contributions1$50,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,395,578
Revenue Not Reported on Financial Statements
$-178,692
Revenue Not Reported on Form 990
$125,867
Other Revenue Adjustments
$-178,692
Total Revenue per Audited Statements
$4,521,445
Total Revenue per Form 990
$4,216,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,336,288
Salaries, Compensation, and Employee Benefits$1,603,038
Grants and Similar Amounts Paid$332,249
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$686,133$133,085$17,627$836,845
Other Employee Benefits$267,611$119,546$10,310$397,467
Grants to Domestic Orgs$215,907--$215,907
Current Officers, Directors, Trustees, and Key Employees$175,063$33,956$4,497$213,516
Fees for Services Other$83,883$48,855$63,143$195,881
Depreciation Depletion$176,923$15,547-$192,470
Travel$98,063$21,853$18,004$137,920
Foreign Grants$116,342--$116,342
Payroll Taxes$67,628$24,929$1,549$94,106
Occupancy$15,212$56,977-$72,189
Pension Plan Contributions$41,618$18,166$1,320$61,104
Insurance$27,927$30,977-$58,904
Information Technology$31,192$4,772$1,849$37,813
Other Expenses$25,915$10,987$1,380$36,902
Fees for Services Accounting$19,710-$9,855$29,565
Office Expenses$14,942$5,424$372$20,738
Fees for Service Investment Mgmnt Fees-$8,955-$8,955
Advertising$3,409$4,928$118$8,455
Fees for Services Legal$890-$1,110$2,000
All Other Expenses$476,123$-470,534$-150,239$-144,650
Total Functional Expenses$4,174,625$96,950$0$4,271,575

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,489,484
Total Expenses per Form 990$4,271,575
Expenses per Audited Statements$4,262,620
Expenses Not Reported on Form 990$226,864
Expenses Not Reported on Financial Statements$8,955
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Oregon State UniversityCorvsllis, OR-Sensitivity of Arctic cod embryos$96,669
Tactical ElectronicsBroken Arrow, OK-Herder Delivery & Ignition System$95,000
University of Alaska FairbankFairbanks, AK-Bioremediation Product Testing$52,441
University of WashingtonSeattle, WA-Arctic Ecosystems$31,542
AK Chadux CorporationAnchorage, AK-Skimmer Characterization$18,197
University of Alaska FairbankFairbanks, AK-Graduate Fellowship - Oggier$6,209
Nuka Research & Planning GrpSeldovia, AK-Ensuring Food Safety$5,363
University of Alaska FairbankFairbanks, AK-Graaduate Fellowship - Gofstein$5,174

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 Direct Expenses$168,540
Fundraising Gross Income$40,047
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Appeal & Fall Fundraiser$85,396-$27,042-
Copper River Nouveau$178,271$40,047$50,800$-10,753
Total Events$303,349$40,047$168,540$-128,493
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
Eric KnudsenFmr Board MemberFundraising PaymentNo$57,720
-Fmr Board MemberScientific ConsultantNo$14,620

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 family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Part VI, Line 4: Description of Significant Changes to Organizational Documents

Adopted a whistle-blower and Records Retention policy

Form 990, Part VI, Line 11B: Form 990 Review Process

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. Additionally, the 990 is posted on Dun & Bradstreet's web site.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

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, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The PWSSC's President does an annual self evaluation, which is then submitted to the Executive Committee. Additionally in this fiscal year the Board requested a 360 evaluation. 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.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

PWSSC ensures that all audited financial statements and IRS Form 990 are available on their website at www.pwssc.org, Guidestar, and upon request at their offices at Prince William Sound Science Center, PO Box 705, 300 Breakwater Avenue, Cordova, Alaska 99574-0705.

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
2020-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katrina Hoffman
Formed
1989
Legal Domicile
Ak
Voting Board Members
13
Independent Board Members
13
Employees
47
Volunteers
19

Preparer

Firm
Altman Rogers & Co
Address
3000 C Street Suite 201, Anchorage, AK 99503
Preparer
Tom J Domagala CPA
Phone
9072742992
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Other Programs:PWSRCAC Weather BuoyThe Prince William Sound Regional 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.PWSRCAC Forage FishPrince William Sound Regional Citizens Advisory Council funded PWSSC to survey forage fish in Prince William Sound. The entire coastline was flown and schools of forage fish mapped. These maps provide information about where sensitive species are located and provide an indication of herring recruitment.CRPWSMA CR ImagingThe Copper River Prince William Sound Marketing Association funded the personnel needed to run imaging sonars in the lower Copper River delta to count salmon passage. The concept being that earlier detection of the salmon run could be used to inform the fisheries management of the Copper River salmon.Other Grants / ContractsMiscellaneous PWSSC projects noted in the audit schedules. Service Contracts from USFS for D.R.T. camp, Center for Alaska Coastal Studies funding for Coast Watch activities, CRWP funding for support of their salmon blitz program, zooplankton analysis funding from Kinetics, NMBU of Norway funding for participating in analysis of information related to sea lice, funding from UAF to support salmon research, funding from ConocoPhillips for Turnstone research, PWSSC enterprise Dept. for the R/V New Wave, Misc funding for project outreach and plankton sampling.

Financial Statement Notes

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

Construction of a new building.

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 those activities. The Center had no income from unrelated business activities as of September 30, 2019. The Center's 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. As of September 30, 2019 there were no uncertain tax positions or unrecognized tax benefits for which management believes it is reasonably possible that the total amounts of tax contingencies will significantly increase or decrease within 12 months of the reporting date. The Center files tax returns in the US Federal Jurisdiction and the State of Alaska. As of 2019, the tax years that remain subject to examination begins with 2016.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Investment Fees $-8955 Net Assets Released from Restrictions $16236

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

Loss on Sale of Fixed Assets $7961 Fundraising Expenses on Part VIII $168540 Net Assets Released from Restrictions $16236 Cost of Goods sold on Part VIII $2191

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IRS990/Form990PartVIISectionAGrp/PersonNm5Mike Mahoney
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IRS990/Form990PartVIISectionAGrp/TitleTxt13President & CEO
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IRS990/MissionDesc0To advance community resilience and the understanding and sustainable use of ecosystems. 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.
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IRS990/ProgramServiceRevenueGrp/BusinessCd0541700
IRS990/ProgramServiceRevenueGrp/BusinessCd1541700
IRS990/ProgramServiceRevenueGrp/Desc0Fees & Contracts Gov Agencies

Document Assets

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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