Bristol Bay Regional Seafood Development Association Inc

Nonprofit profile at a glance

EIN
202660011
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Anchorage, AK, USA
Phone
9076772371
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Official website

Reported finances

Revenue
$1,896,792
Expenses
$1,479,294
Assets
$5,362,606
Liabilities
$100,792

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • FRITZ JOHNSON (PRESIDENT)
  • ERICK SABO (VICE PRESIDENT)
  • LILANI DUNN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • LILANI DUNN (EXECUTIVE DIRECTOR): $172,857 total reported compensation
  • FRITZ JOHNSON (PRESIDENT): $3,200 total reported compensation
  • DOUG MORGAN (SECRETARY / TREASURER): $3,200 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To maximize the value of the bristol bay fishery for the benefit of its members by focusing on the economic wellbeing of bbrsda members, supporting a sustainable bristol bay commercial fishery, and providing the highest quality wild salmon products.

What it reported doing in 2024

Marketing: to conduct marketing and promotion. From january 1 to december 31, bbrsda supported projects that promoted consumer awareness of bristol bay sockeye salmon in the marketplace and supported branded marketing efforts. Data demonstrating these efforts are: -board funded 13 marketing projects. These projects funded efforts to expand bbss brand reach, promote bbss in the domestic retail & foodservice markets and strategizing expanding our global presence.-executed marketing partnerships with 44 retailers. -organized and facilitated in-store bbss promotions at 13,597 retail locations through: distribution of bbss branded assets including: recipe cards, posters, aprons, case clings, ice spears, informational cards, and branded aprons; development of co-branded pr assets; and social media support. -attended 3 trade shows: sena, pme, gse -attended asmi's annual all-hands (industry) meeting, nfi global seafood market conference -sponsored/participated in 1 marketing events: Alaska symphony of seafoods-hosted two salmon weeks in major cities connected to the bristol bay fishery (Washington, d.c. And seattle, wa), spearheading media efforts that reached an audience of 3.1m-added digital assets to online media library-supported a consumer and customer facing website, as well as a bbss facebook, instagram, and tik tok pages -commissioned sockeye market reports and presentations at member meetings -creation of new video and photography assets highlighting the fishery and product attributes of bristol bay sockeye salmon. -the marketing committee met 9 times in support of the marketing program. -over 380 contacts are subscribed to our quarterly newsletters -three press releases hit the wire: new executive director announcement, bristol bay sockeye salmon week in dc, and bristol bay salmon week in seattle

Operating model

Revenue model
Grant-funded. 87% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 57% for direct work, and 43% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 67
  • Accountability: 95
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.7%; rating input score 71
  • Program expense ratio: 85%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Fail
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 99.4%; rating input score 99; 49th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 22%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 3.63; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 13%; rating input score 28; 28th percentile among comparable filings

Growth

  • Program expense growth: 8.4% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 6.3% per year; rating input score 100; 51st percentile among comparable filings
  • Asset growth: 6.6% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 70.7% of revenue deployed · 85% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $1.3M in reported program spending
  • Leadership: top reported pay $173K · 9 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 12 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 24 filed money-flow records
  • Related organizations: 15 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 28/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.