Is Bristol Bay Regional Seafood Development Association Legit?

Quick charity verification for Bristol Bay Regional Seafood Development Association (EIN: 202660011)

Verdict: Bristol Bay Regional Seafood Development Association appears trustworthy

85/100Mission Score
$1.9MRevenue
$5.4MAssets
0Red Flags
4Strengths

No red flags identified.

Strengths

Spending Breakdown

How Bristol Bay Regional Seafood Development Association allocates its funds across programs, administration, and fundraising.

85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Bristol Bay Regional Seafood Development Association

Is Bristol Bay Regional Seafood Development Association a legitimate charity?

Based on AI analysis of IRS 990 filings, Bristol Bay Regional Seafood Development Association (EIN: 202660011) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.

Is Bristol Bay Regional Seafood Development Association a good charity to donate to?

Bristol Bay Regional Seafood Development Association has a Mission Score of 85/100. Revenue: $1.9M. Assets: $5.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Bristol Bay Regional Seafood Development Association?

The Employer Identification Number (EIN) for Bristol Bay Regional Seafood Development Association is 202660011. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Bristol Bay Regional Seafood Development Association spend its money?

Bristol Bay Regional Seafood Development Association allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Bristol Bay Regional Seafood Development Association's tax-exempt status?

You can verify Bristol Bay Regional Seafood Development Association's tax-exempt status using EIN 202660011 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Bristol Bay Regional Seafood Development Association (BBRSDA) demonstrates a generally healthy financial position, with assets consistently exceeding liabilities across its filing history. In the most recent period (202312), the organization reported revenues of $4,023,111 against expenses of $3,414,105, indicating a surplus. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent reporting of zero officer compensation suggests a commitment to minimizing overhead in this area, which is a positive indicator for transparency and efficiency. The organization's assets have grown significantly over the past decade, from $3,227,254 in 2014 to $4,989,703 in 2023, demonstrating financial stability and growth. However, without detailed expense breakdowns, a precise assessment of spending efficiency (e.g., program spending ratio) is challenging. The organization's NTEE code (D013 - Fisheries & Fishing) aligns with its name, suggesting a clear mission focus. The consistent filing of IRS Form 990s over 14 periods indicates good compliance and transparency in financial reporting. The fluctuations in annual revenue and expenses are typical for organizations that may rely on grants, industry contributions, or market-dependent activities, but the overall trend shows a robust financial base. Overall, BBRSDA appears to be a financially stable organization with a clear mission and good reporting compliance. The absence of officer compensation is a notable strength in terms of minimizing administrative costs. Further analysis would benefit from a detailed breakdown of expenses to fully evaluate program efficiency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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