Bristol Bay Regional Seafood Development Association
Bristol Bay Regional Seafood Development Association maintains strong asset growth and zero officer compensation amidst fluctuating revenues.
EIN: 202660011 · Anchorage, AK · NTEE: D013 · Updated: 2026-03-28
Is Bristol Bay Regional Seafood Development Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bristol Bay Regional Seafood Development Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bristol Bay Regional Seafood Development Association
Bristol Bay Regional Seafood Development Association (EIN: 202660011) is a nonprofit organization based in Anchorage, AK, classified under NTEE code D013. The organization reported total revenue of $1.9M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bristol Bay Regional Seafood Development Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bristol Bay Regional Seafood Development Association is a mid-size nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.0M |
| Total Expenses | $3.4M |
| Surplus / Deficit | +$609K |
| Total Assets | $5.0M |
| Total Liabilities | $145K |
| Net Assets | $4.8M |
| Operating Margin | 15.1% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 17.5 months |
Financial Health Grade: A
In 2023, Bristol Bay Regional Seafood Development Association reported a surplus of $609K with revenue exceeding expenses, holds 17.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Bristol Bay Regional Seafood Development Association's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.2% | -1.7% | +8.7% |
| 2022 | +69.2% | +51.6% | -8.2% |
| 2021 | -42.3% | -25.8% | -9.0% |
| 2020 | +2.1% | +35.3% | +5.0% |
| 2019 | +34.9% | +35.1% | +16.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Bristol Bay Regional Seafood Development Association with a Mission Score of 85 out of 100 (Excellent). 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, Bristol Bay Regional Seafood Development Association 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 surplus of $609K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which significantly reduces administrative overhead.
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.
Strengths
The following positive indicators were identified for Bristol Bay Regional Seafood Development Association:
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Significant growth in assets from $3.2M in 2014 to $4.9M in 2023, demonstrating financial stability.
- Regular and consistent IRS 990 filings over 14 periods, indicating strong compliance and transparency.
- Positive net revenue in the most recent filing (202312), with revenue exceeding expenses by over $600,000.
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 legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Bristol Bay Regional Seafood Development Association spend its money?
Bristol Bay Regional Seafood Development Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bristol Bay Regional Seafood Development Association tax-deductible?
Bristol Bay Regional Seafood Development Association is registered as a tax-exempt nonprofit (EIN: 202660011). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information would be crucial for a more precise assessment of spending efficiency.
How does the organization sustain its operations without officer compensation?
The filings consistently show 0% officer compensation. This could mean that leadership roles are voluntary, compensated through non-officer salaries, or funded by other entities. Further investigation into their operational model would clarify this.
What are the primary sources of the organization's revenue fluctuations?
Revenue has varied significantly, from $1,214,545 in 2016 to $4,023,111 in 2023. Understanding the primary drivers of these fluctuations, such as grants, industry contributions, or specific project funding, would provide insight into financial stability.
Filing History
IRS 990 filing history for Bristol Bay Regional Seafood Development Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Bristol Bay Regional Seafood Development Association's revenue has grown by 209.8%, moving from $1.3M to $4.0M. Total assets increased by 174.8% over the same period, from $1.8M to $5.0M. Total functional expenses rose by 394.8%, from $690K to $3.4M. In its most recent filing year (2023), Bristol Bay Regional Seafood Development Association reported a surplus of $609K, with revenue exceeding expenses. The organization holds $145K in liabilities against $5.0M in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $4.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.0M | $3.4M | $5.0M | $145K | — | — |
| 2022 | $3.0M | $3.5M | $4.6M | $354K | — | View 990 |
| 2021 | $1.8M | $2.3M | $5.0M | $333K | — | View 990 |
| 2020 | $3.1M | $3.1M | $5.5M | $338K | — | — |
| 2019 | $3.1M | $2.3M | $5.2M | $112K | — | View 990 |
| 2018 | $2.3M | $1.7M | $4.5M | $132K | — | View 990 |
| 2017 | $1.8M | $1.1M | $3.8M | $54K | — | — |
| 2016 | $1.2M | $1.7M | $3.2M | $103K | — | View 990 |
| 2015 | $1.9M | $1.4M | $3.7M | $87K | — | View 990 |
| 2014 | $1.4M | $788K | $3.2M | $62K | — | View 990 |
| 2014 | $1.6M | $1.7M | $2.7M | $102K | — | View 990 |
| 2013 | $1.6M | $1.2M | $2.7M | $79K | — | View 990 |
| 2012 | $1.6M | $1.0M | $2.4M | $111K | — | View 990 |
| 2011 | $1.3M | $690K | $1.8M | $90K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.0M, expenses of $3.4M, and assets of $5.0M (revenue +32.2% year-over-year).
- 2022: Revenue of $3.0M, expenses of $3.5M, and assets of $4.6M (revenue +69.2% year-over-year).
- 2021: Revenue of $1.8M, expenses of $2.3M, and assets of $5.0M (revenue -42.3% year-over-year).
- 2020: Revenue of $3.1M, expenses of $3.1M, and assets of $5.5M (revenue +2.1% year-over-year).
- 2019: Revenue of $3.1M, expenses of $2.3M, and assets of $5.2M (revenue +34.9% year-over-year).
- 2018: Revenue of $2.3M, expenses of $1.7M, and assets of $4.5M (revenue +29.1% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.1M, and assets of $3.8M (revenue +44.6% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.7M, and assets of $3.2M (revenue -34.9% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.4M, and assets of $3.7M (revenue +34.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $788K, and assets of $3.2M (revenue -15.1% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.7M, and assets of $2.7M (revenue +5.2% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.2M, and assets of $2.7M (revenue -4.3% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.0M, and assets of $2.4M (revenue +24.8% year-over-year).
- 2011: Revenue of $1.3M, expenses of $690K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bristol Bay Regional Seafood Development Association:
Data Sources and Methodology
This transparency report for Bristol Bay Regional Seafood Development Association 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.