NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION INC Charity Report

Public IRS 990 nonprofit record

NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION INC

EIN 92-0062550 · Animal-Related (D330)

What they do

to ASSIST IN THE RESTORATION and REHABILIATION of ALASKAS SALMON STOCKS, and to SUPPLEMENT THE FISHERIES of ALASKA BY UTILIZING ARTIFICAL PROPAGATION to ENHANCE THE AVAILABILITY of SALMON to ALL COMMON PROPERTY USERS, WITHOUT ADVERSELY AFFECTING WILD SALMON STOCKS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $85.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders28 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

90.46%of revenue went to mission work85.6% of expenses · Program services

$105.66spent for every $100 of revenueSpending was higher than revenue this year.

15.20%of revenue went to management and office costs14.4% of expenses

$2.92in assets for every $1 spent this yearSome assets cannot be spent right away.

17.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $626,138 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $254,110 for SCOTT WAGNER (GENERAL MANA). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$11,066,032

Mission workProgram services$10,010,46690.46% of revenue85.6% of expenses

ManagementOffice and general costs$1,681,70415.20% of revenue14.4% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$11,692,170105.66% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 85.6% mission · 14.4% management · 0.0% fundraisingTotal expenses: 105.66% of revenue

2023Expense mix: 87.8% mission · 12.2% management · 0.0% fundraisingTotal expenses: 112.18% of revenue

2022Expense mix: 88.9% mission · 11.1% management · 0.0% fundraisingTotal expenses: 70.39% of revenue

2021Expense mix: 87.7% mission · 12.3% management · 0.0% fundraisingTotal expenses: 92.36% of revenue

2020Expense mix: 89.6% mission · 10.4% management · 0.0% fundraisingTotal expenses: 115.10% of revenue

2019Expense mix: 85.4% mission · 14.6% management · 0.0% fundraisingTotal expenses: 98.67% of revenue

2018Expense mix: 84.9% mission · 15.1% management · 0.0% fundraisingTotal expenses: 41.34% of revenue

2017Expense mix: 90.1% mission · 9.9% management · 0.0% fundraisingTotal expenses: 109.61% of revenue

Money in and money out

Revenue$11,066,032

Expenses$11,692,170

Annual shortfall $626,138 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$10,010,466 · 85.6% of expenses

Management and office costs$1,681,704 · 14.4% of expenses

See all reported dollar amounts

Revenue$11,066,032

Expenses$11,692,170

Assets$34,106,121

Income$11,066,032

Contributions$1,922,036

Mission work (program services)$10,010,466

Grants given$2,802,708

Average grant$133,462

Management and general$1,681,704

Executive compensation (total)$395,354

Stocks and bonds$14,382,265

Accounting fees$40,130

Investing fees$49,729

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

SCOTT WAGNERGENERAL MANA · 40 hrs/week $254,110Base $214,480 · Other $39,630

ADAM OLSONOPERATIONS M · 40 hrs/week $142,715Base $124,000 · Other $18,715

KENNETH GRAYMAINTENANCE · 40 hrs/week $124,062Base $106,313 · Other $17,749

JOHN JENSENBOARD MEMBER · 1 hrs/week $2,485

BRIAN MASSEYBOARD MEMBER · 1 hrs/week $2,205

CALEB ROBBINSBOARD VICE P · 1 hrs/week $2,205

SCOTT LESHBOARD MEMBER · 1 hrs/week $1,890

MAX WORHATCHBOARD MEMBER · 1 hrs/week $1,774

MATT GIAMBRONEBOARD MEMBER · 1 hrs/week $1,734

DAVE GIBSONBOARD MEMBER · 1 hrs/week $1,265

WILLIAM BERGMANNBOARD MEMBER · 1 hrs/week $1,003

JAY HENDRICKSBOARD MEMBER · 1 hrs/week $953

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (28)

SCOTT WAGNERGENERAL MANA

ADAM OLSONOPERATIONS M

KENNETH GRAYMAINTENANCE

JOHN JENSENBOARD MEMBER

BRIAN MASSEYBOARD MEMBER

CALEB ROBBINSBOARD VICE P

SCOTT LESHBOARD MEMBER

MAX WORHATCHBOARD MEMBER

MATT GIAMBRONEBOARD MEMBER

DAVE GIBSONBOARD MEMBER

WILLIAM BERGMANNBOARD MEMBER

JAY HENDRICKSBOARD MEMBER

ZACHARY OLSONBOARD MEMBER

HENRICH KADAKE SRBBOARD MEMBER

DEBORAH LYONSBOARD SEC/TR

ERIC DAUGHERTYBOARD MEMBER

SCHUYLER MACEBOARD MEMBER

KORD CHRISTIANSONBOARD MEMBER

JOE CISNEYBOARD MEMBER

KARL WOLFEBOARD MEMBER

JUSTIN PEELERBOARD PRESID

JOHN BLANKENSHIPBOARD MEMBER

JAMES MOOREBOARD MEMBER

JACQUELINE FOSSBOARD MEMBER

HOLLIS JENNINGSBOARD MEMBER

DON SPIGELMYREBOARD MEMBER

CHRIS YSTADBOARD MEMBER

BILL DAVIDSONBOARD MEMBER

About this charity

Recognized since: January 1977
Location: 1308 SAWMILL CREEK RD, SITKA, AK 99835-9702
County: Sitka City and Borough
In care of: SCOTT WAGNER
Primary officer: SCOTT WAGNER, GENERAL MANAGER

How to reach them

WebsiteVisit the charity’s website Phone(907) 747-6850 Officer phone(907) 748-6850

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: ELGEE REHFELD LLC
NTEE classification: Animal-Related (D330)
IRS tax category: Environment, Conservation and Wildlife Organizations
Grant-giving organization: Yes