← DOUGLAS ISLAND PINK AND CHUM INCORPORATED

Form 990 for tax year 2023

Filed by DOUGLAS ISLAND PINK AND CHUM INCORPORATED.

Totals

Total revenue: $7,670,178
Total expenses: $7,938,836
Contributions and grants received: $612
Grants paid: $79,000
Program service revenue: $1,069,404
Investment income: $1,244,727
Other revenue: $5,355,435
Total assets, end of year: $38,297,660
Total liabilities, end of year: $2,511,110
Net assets or fund balances, end of year: $35,786,550
Program services expenses (Part IX): $5,670,875
Management and general expenses: $2,267,961
Fundraising expenses: $0
Program service expenses (Part III): $5,670,875

Program services were 71.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1f · All other contributions, gifts and grants

$612
2a · Program service revenue: SALMON ENHANCEMENT CONTRACTS

total $707,015 · related or exempt $707,015
2b · Program service revenue: VISITOR CENTER ADMISSIONS

total $359,909 · related or exempt $359,909
2c · Program service revenue: OTOLITH MARKING CONTRACT

total $2,480 · related or exempt $2,480
3 · Investment income

total $814,767 · excluded $814,767
5 · Royalties

total $5,252,177 · excluded $5,252,177
6a · Gross rents

real property $5,653
6c · Rental income or loss

real property $5,653
6d · Net rental income or loss

total $5,653 · excluded $5,653
7a · Gross sales of assets other than inventory

securities $3,026,145 · other assets $9,500
7b · Less cost or other basis and sales expenses

securities $2,591,855 · other assets $13,830
7c · Gain or loss

securities $434,290 · other assets -$4,330
7d · Net gain or loss

total $429,960 · excluded $429,960
10a · Gross sales of inventory

$228,388
10b · Cost of goods sold

$131,283
10c · Net income from sales of inventory

total $97,105 · related or exempt $97,105
11a · Other revenue: INSURANCE REFUNDS

total $500 · related or exempt $500
11e · Other revenue, total

$500

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $79,000 · program services $79,000
5 · Compensation of officers, directors and key employees

total $182,147 · program services $37,800 · management and general $144,347
7 · Other salaries and wages

total $2,130,880 · program services $1,688,529 · management and general $442,351
8 · Pension plan contributions

total $88,392 · program services $66,545 · management and general $21,847
9 · Other employee benefits

total $543,594 · program services $446,294 · management and general $97,300
10 · Payroll taxes

total $196,785 · program services $149,431 · management and general $47,354
11c · Fees: accounting

total $98,635 · management and general $98,635
11d · Fees: lobbying

total $6,000 · management and general $6,000
11f · Fees: investment management

total $121,817 · management and general $121,817
11g · Fees: other

total $155,830 · program services $155,830
12 · Advertising and promotion

total $10,123 · management and general $10,123
13 · Office expenses

total $85,989 · program services $38,494 · management and general $47,495
14 · Information technology

total $55,467 · program services $180 · management and general $55,287
16 · Occupancy

total $467,209 · program services $467,209
17 · Travel

total $8,984 · program services $2,244 · management and general $6,740
22 · Depreciation, depletion and amortization

total $1,165,471 · program services $58,241 · management and general $1,107,230
23 · Insurance

total $147,611 · program services $130,616 · management and general $16,995
24a · Other expenses: FISH FOOD & TRANSPORT

total $1,714,634 · program services $1,714,634
24b · Other expenses: EQUIP/EQUIPMENT MAINT.

total $365,014 · program services $364,451 · management and general $563
24c · Other expenses: PROGRAM SUPPLIES

total $300,755 · program services $266,807 · management and general $33,948
24d · Other expenses: ALL OTHER

total $14,499 · program services $4,570 · management and general $9,929

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $391,244 · end of year $548,433
2 · Savings and temporary cash investments

beginning of year $5,611,808 · end of year $6,799,111
4 · Accounts receivable

beginning of year $299,606 · end of year $348,708
8 · Inventories for sale or use

beginning of year $177,651 · end of year $146,891
9 · Prepaid expenses and deferred charges

beginning of year $80,823 · end of year $76,804
10a · Land, buildings and equipment: cost or other basis

$30,310,022
10b · Land, buildings and equipment: accumulated depreciation

$19,075,904
10c · Land, buildings and equipment, net

beginning of year $12,022,518 · end of year $11,234,118
11 · Investments: publicly traded securities

beginning of year $19,029,024 · end of year $18,450,632
14 · Intangible assets

beginning of year $344,125 · end of year $329,163
15 · Other assets

beginning of year $526,929 · end of year $363,800
17 · Accounts payable and accrued expenses

beginning of year $234,511 · end of year $164,977
23 · Secured mortgages and notes payable

beginning of year $1,981,667 · end of year $1,982,333
25 · Other liabilities

beginning of year $526,929 · end of year $363,800
27 · Net assets without donor restrictions

beginning of year $35,740,621 · end of year $35,786,550

Mission and programs · 2023

Mission

TO SUSTAIN AND ENHANCE VALUABLE SALMON RESOURCES OF THE STATE OF ALASKA FOR THE ECONOMIC, SOCIAL, AND CULTURAL BENEFIT OF ALL CITIZENS, AND TO PROMOTE PUBLIC UNDERSTANDING OF ALASKA'S SALMON RESOURCES AND SALMON FISHERIES THROUGH RESEARCH, EDUCATION, AND TOURISM.

Activities or mission (Part I)

TO ENHANCE PRODUCTION OF HARVESTABLE SALMON STOCK IN THE JUNEAU AREA THROUGH OPERATION OF TWO FISH HATCHERIES.

HATCHERY PROGRAMS - DIPAC, AS A PRIVATE NON-PROFIT (PNP) AUTHORIZED BY THE STATE OF ALASKA, OPERATES TWO HATCHERY FACILITIES, MACAULAY AND SNETTISHAM, AND TWELVE REMOTE REARING AND RELEASE SITES FOR THE PURPOSE OF ENHANCING THE STATE'S COMMON PROPERTY FISHERIES. THE STATE OF ALASKA DEPARTMENT OF FISH AND GAME ISSUES PERMITS WHICH ALLOW DIPAC TO HARVEST A CERTAIN PORTION OF THE RETURNING FISH TO GENERATE REVENUE TO COVER OPERATIONAL COSTS. DIPAC'S GOAL IS TO CONTRIBUTE 70% OF ITS PRODUCTION TO THE COMMON PROPERTY FISHERIES AND 30% OF PRODUCTION TO THE COST RECOVERY HARVEST. DURING THIS 2023 TAX REPORTING PERIOD, DIPAC'S CHUM SALMON RETURN WAS 3.9 MILLION FISH, WHICH WAS 139% OF THE PRE-SEASON FORECAST. THE CHINOOK AND COHO PROGRAMS CONTINUED TO PROVIDE VALUABLE SPORT FISHING OPPORTUNITIES THROUGHOUT JUNEAU, WITH AN ESTIMATED 7,800 AND 1,200 FISH RETURNING, RESPECTIVELY. THE SOCKEYE PROGRAM PRODUCED ADDED VALUE TO THE AREAS SOCKEYE GILLNET AND SEINE FLEETS, WITH APPROXIMATELY 38,000 ADULTS HARVESTED IN GILLNET AND SEINE FLEETS. OVERALL, DIPAC PROVIDED SIGNIFICANT OPPORTUNITY FOR COMMERCIAL AND SPORT FISH HARVEST, WHICH WERE PRIMARILY SUPPORTED BY THE CHUM PROGRAM THAT ACHIEVED A 63% PRODUCTION CONTRIBUTION TO COMMON PROPERTY FISHERIES.

Expenses $5,264,637 · Grants $79,000 · Revenue $709,495
VISITOR CENTER - IN 2023, DIPAC OFFERED FREE ADMISSIONS AND EDUCATIONAL TOURS TO NEARLY 2,500 STUDENTS AND COMMUNITY MEMBERS. NOT ONLY DO WE OFFER FREE ADMISSIONS AND TOURS, BUT DIPAC PROVIDES A FREE SERVICE TO THE JUNEAU SCHOOL DISTRICT BY DEVELOPING AND CARRYING OUT TWO SPECIFIC PROGRAMS (ONE IN THE FALL, ONE IN THE SPRING) THAT MEET DISTRICT REQUIREMENTS FOR VARIOUS AGE LEVEL LEARNING. IN THE FALL PROGRAM, PRE-K THROUGH FIFTH GRADE STUDENTS LEARN ABOUT SALMON ANATOMY, ECOLOGY OF SALMON ENVIRONMENTS, AND LIFE CYCLE. SECOND GRADE STUDENTS, IN THE SPRING, HAVE A SPECIALIZED PROGRAM ON MOLLUSKS (THE LARGEST PHYLUM IN THE OCEAN), BUT BEFORE THE MOLLUSK LESSON BEGINS, THEY ARE GIVEN A BRIEF OVERVIEW OF HATCHERY OPERATIONS AND MISSION. OVER THE COURSE OF THE SUMMER, WE WELCOMED APPROXIMATELY 70,000 PAYING GUESTS THROUGH OUR DOORS TO EXPLAIN THE IMPORTANCE OF SALMON AND HOW THE HATCHERY SUPPORTS THIS SUSTAINABLE FISHERY. GUESTS WERE OFFERED A COMPLEMENTARY COMMENTARY UPON PAYMENT OF THE ADMISSIONS FEE AND A SEASONAL GUIDE LED THEM AROUND THE KEY PLACES OF THE FACILITY. FOR THOSE WHO LIKED TO LEARN ON THEIR OWN, THERE WERE EDUCATIONAL SIGNS AND EXHIBITS AS WELL AS A SLIDESHOW PROVIDING ALL THE BASIC HATCHERY INFORMATION.

Expenses $406,238 · Revenue $359,909

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Katherine HarmsKATHERINE HARMS

EXECUTIVE DI

Total calculated

$145,723

From this org

$113,400

From related orgs

$0

Other

$32,323

Hours/week

40
Eric PrestegardERIC PRESTEGARD

BOARD MEMBER

Total calculated

$32,708

From this org

$31,150

From related orgs

$0

Other

$1,558

Hours/week

1
Bonny MillardBONNY MILLARD

BOARD MEMBER

Total calculated

$23,932

From this org

$23,932

From related orgs

$0

Other

$0

Hours/week

1
Jim DornJIM DORN

BOARD PRESID

Total calculated

$0

Hours/week

1
Amy Jo MeinersAMY JO MEINERS

BOARD VICE P

Total calculated

$0

Hours/week

1
Mark VinselMARK VINSEL

BOARD SECRET

Total calculated

$0

Hours/week

1
Lars StangelandLARS STANGELAND

BOARD TREASU

Total calculated

$0

Hours/week

1
Jim BeckerJIM BECKER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Thatcher BrowerTHATCHER BROWER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Jim CartmillJIM CARTMILL

BOARD MEMBER

Total calculated

$0

Hours/week

1
Tyler EmersonTYLER EMERSON

BOARD MEMBER

Total calculated

$0

Hours/week

1
John GeorgeJOHN GEORGE

BOARD MEMBER

Total calculated

$0

Hours/week

1
Dave GibsonDAVE GIBSON

BOARD MEMBER

Total calculated

$0

Hours/week

1
Cindy HansenCINDY HANSEN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Norman HughesNORMAN HUGHES

BOARD MEMBER

Total calculated

$0

Hours/week

1
Jeremy JensenJEREMY JENSEN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Tom MeinersTOM MEINERS

BOARD MEMBER

Total calculated

$0

Hours/week

1
Jacob MillerJACOB MILLER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Stan SavlandSTAN SAVLAND

BOARD MEMBER

Total calculated

$0

Hours/week

1
Albert ShawALBERT SHAW

BOARD MEMBER

Total calculated

$0

Hours/week

1
Chelsea SwickCHELSEA SWICK

BOARD MEMBER

Total calculated

$0

Hours/week

1
Mike TagabanMIKE TAGABAN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Alex WertheimerALEX WERTHEIMER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Sandy WilliamsSANDY WILLIAMS

BOARD TREASU

Total calculated

$0

Hours/week

1
Chris YstadCHRIS YSTAD

BOARD MEMBER

Total calculated

$0

Hours/week

1
Joe ZuboffJOE ZUBOFF

BOARD MEMBER

Total calculated

$0

Hours/week

1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 30 April 2025
IRS schema version: 2023v6.0
Source object: 202511339349305006

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