Bering Sea Fisheries Research Foundation
Bering Sea Fisheries Research Foundation experiences fluctuating revenues and recurring deficits in recent years.
EIN: 201055264 · Bothell, WA · NTEE: D05 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $1.3M |
| Program Spending | 85% |
| Net Assets | $991K |
| Transparency Score | 75/100 |
Is Bering Sea Fisheries Research Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bering Sea Fisheries Research Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bering Sea Fisheries Research Foundation
Bering Sea Fisheries Research Foundation (EIN: 201055264) is a nonprofit organization based in Bothell, WA, classified under NTEE code D05. The organization reported total revenue of $2.8M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bering Sea Fisheries Research Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bering Sea Fisheries Research Foundation is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $891K |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-413,938 |
| Total Assets | $1.0M |
| Total Liabilities | $27K |
| Net Assets | $991K |
| Operating Margin | -46.5% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 9.4 months |
Financial Health Grade: B
In 2023, Bering Sea Fisheries Research Foundation reported a deficit of $414K with expenses exceeding revenue, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bering Sea Fisheries Research Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +329.8% | +163.1% | -28.6% |
| 2022 | -83.7% | -55.3% | -24.7% |
| 2021 | +56.1% | +62.1% | +22.3% |
| 2020 | -5.9% | -34.2% | +8.7% |
| 2019 | -1.4% | -7.8% | -11.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bering Sea Fisheries Research Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Bering Sea Fisheries Research Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $414K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that officers are not compensated, which is highly unusual for an organization of this size and revenue, and suggests a strong volunteer leadership model or alternative compensation structures not captured as 'officer compensation'.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bering Sea Fisheries Research Foundation's IRS 990 filings:
- Recurring deficits in recent years (e.g., 2023, 2022, 2019, 2018, 2017) where expenses exceeded revenue.
- Declining asset base over the past several years, from $2,205,655 in 2016 to $1,018,138 in 2023.
- Significant year-over-year revenue volatility, making financial planning potentially challenging.
Strengths
The following positive indicators were identified for Bering Sea Fisheries Research Foundation:
- Consistent reporting of 0% officer compensation, indicating a strong commitment to mission-focused spending.
- Relatively low liabilities compared to assets, suggesting good debt management.
- History of generating substantial revenue in certain years, demonstrating fundraising capacity.
Frequently Asked Questions about Bering Sea Fisheries Research Foundation
Is Bering Sea Fisheries Research Foundation a legitimate charity?
Bering Sea Fisheries Research Foundation (EIN: 201055264) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.8M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Bering Sea Fisheries Research Foundation spend its money?
Bering Sea Fisheries Research Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bering Sea Fisheries Research Foundation tax-deductible?
Bering Sea Fisheries Research Foundation is registered as a tax-exempt nonprofit (EIN: 201055264). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bering Sea Fisheries Research Foundation's spending goes to programs?
Bering Sea Fisheries Research Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bering Sea Fisheries Research Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Bering Sea Fisheries Research Foundation is above average for NTEE category D05 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bering Sea Fisheries Research Foundation located?
Bering Sea Fisheries Research Foundation is headquartered in Bothell, Washington and files with the IRS under EIN 201055264. It is classified under NTEE code D05.
How many years of IRS 990 filings does Bering Sea Fisheries Research Foundation have?
Bering Sea Fisheries Research Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.8M in total revenue.
How does the organization cover its expenses when revenue is significantly lower, as seen in 2023 and 2022?
The organization likely draws upon its accumulated assets or reserves from previous profitable years to cover operational deficits, as indicated by the decreasing asset base from $2,205,655 in 2016 to $1,018,138 in 2023.
What is the long-term strategy for addressing the trend of declining assets?
The filings do not explicitly state a strategy, but the trend suggests a need for increased fundraising or more efficient expense management to rebuild reserves and ensure financial stability.
Are there any non-cash forms of compensation for officers, given the 0% reported compensation?
The 990 filings only report cash compensation. While 0% is reported, it's possible that officers are volunteers or receive benefits not categorized as direct compensation, which would require further investigation beyond the provided data.
Filing History
IRS 990 filing history for Bering Sea Fisheries Research Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bering Sea Fisheries Research Foundation's revenue has declined by 4.2%, moving from $930K to $891K. Total assets increased by 21% over the same period, from $841K to $1.0M. Total functional expenses rose by 145.1%, from $532K to $1.3M. In its most recent filing year (2023), Bering Sea Fisheries Research Foundation reported a deficit of $414K, with expenses exceeding revenue. The organization holds $27K in liabilities against $1.0M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $991K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $891K | $1.3M | $1.0M | $27K | — | — |
| 2022 | $207K | $496K | $1.4M | $22K | — | View 990 |
| 2021 | $1.3M | $1.1M | $1.9M | $201K | — | View 990 |
| 2020 | $816K | $684K | $1.5M | $20K | — | — |
| 2019 | $867K | $1.0M | $1.4M | $27K | — | View 990 |
| 2018 | $879K | $1.1M | $1.6M | $43K | — | View 990 |
| 2017 | $1.1M | $1.4M | $1.9M | $65K | — | — |
| 2016 | $1.2M | $1.0M | $2.2M | $31K | — | View 990 |
| 2015 | $1.0M | $958K | $2.0M | $27K | — | View 990 |
| 2014 | $1.1M | $744K | $2.0M | $31K | — | View 990 |
| 2013 | $1.1M | $818K | $1.7M | $56K | — | View 990 |
| 2012 | $1.3M | $718K | $1.4M | $83K | — | View 990 |
| 2011 | $930K | $532K | $841K | $51K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $891K, expenses of $1.3M, and assets of $1.0M (revenue +329.8% year-over-year).
- 2022: Revenue of $207K, expenses of $496K, and assets of $1.4M (revenue -83.7% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.1M, and assets of $1.9M (revenue +56.1% year-over-year).
- 2020: Revenue of $816K, expenses of $684K, and assets of $1.5M (revenue -5.9% year-over-year).
- 2019: Revenue of $867K, expenses of $1.0M, and assets of $1.4M (revenue -1.4% year-over-year).
- 2018: Revenue of $879K, expenses of $1.1M, and assets of $1.6M (revenue -19.3% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.4M, and assets of $1.9M (revenue -10.4% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.0M, and assets of $2.2M (revenue +19.3% year-over-year).
- 2015: Revenue of $1.0M, expenses of $958K, and assets of $2.0M (revenue -3.8% year-over-year).
- 2014: Revenue of $1.1M, expenses of $744K, and assets of $2.0M (revenue -2.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $818K, and assets of $1.7M (revenue -15.9% year-over-year).
- 2012: Revenue of $1.3M, expenses of $718K, and assets of $1.4M (revenue +38.4% year-over-year).
- 2011: Revenue of $930K, expenses of $532K, and assets of $841K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bering Sea Fisheries Research Foundation:
Data Sources and Methodology
This transparency report for Bering Sea Fisheries Research Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.