Form 990 for tax year 2022
Filed by PRINCE WILLIAM SOUND AQUACULTURE CORP.
Totals
- Total revenue
- $20,851,641
- Total expenses
- $16,996,358
- Contributions and grants received
- $2,250,786
- Grants paid
- $0
- Program service revenue
- $18,422,790
- Investment income
- $168,595
- Other revenue
- $9,470
- Total assets, end of year
- $45,865,446
- Total liabilities, end of year
- $15,497,312
- Net assets or fund balances, end of year
- $30,368,134
- Program services expenses (Part IX)
- $9,995,339
- Management and general expenses
- $7,001,019
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $9,995,339
Program services were 58.8% 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.
-
1e · Government grants (contributions)
$2,250,786
-
2a · Program service revenue: FISH SALES
total $18,422,790 · related or exempt $18,422,790
-
3 · Investment income
total $168,513 · excluded $168,513
-
7a · Gross sales of assets other than inventory
other assets $82
-
7c · Gain or loss
other assets $82
-
7d · Net gain or loss
total $82 · related or exempt $82
-
11a · Other revenue: OTHER INCOME
total $9,470 · excluded $9,470
-
11e · Other revenue, total
$9,470
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $4,943,166 · program services $3,106,026 · management and general $1,837,140
-
8 · Pension plan contributions
total $114,515 · program services $58,396 · management and general $56,119
-
9 · Other employee benefits
total $1,377,756 · program services $801,882 · management and general $575,874
-
10 · Payroll taxes
total $456,373 · program services $293,405 · management and general $162,968
-
11b · Fees: legal
total $36,405 · management and general $36,405
-
11c · Fees: accounting
total $40,052 · management and general $40,052
-
11d · Fees: lobbying
total $72,000 · management and general $72,000
-
11f · Fees: investment management
total $32,903 · management and general $32,903
-
11g · Fees: other
total $1,029,244 · program services $252,067 · management and general $777,177
-
13 · Office expenses
total $49,299 · program services $26,980 · management and general $22,319
-
14 · Information technology
total $76,458 · management and general $76,458
-
16 · Occupancy
total $224,265 · program services $71,520 · management and general $152,745
-
17 · Travel
total $334,580 · program services $182,222 · management and general $152,358
-
20 · Interest
total $342,375 · management and general $342,375
-
22 · Depreciation, depletion and amortization
total $1,773,181 · program services $1,587,611 · management and general $185,570
-
23 · Insurance
total $344,654 · management and general $344,654
-
24a · Other expenses: SUPPLIES
total $3,360,890 · program services $3,069,775 · management and general $291,115
-
24b · Other expenses: OTHER
total $1,533,748 · program services $131,816 · management and general $1,401,932
-
24c · Other expenses: FREIGHT EXPENSE
total $443,813 · program services $140,730 · management and general $303,083
-
24d · Other expenses: REPAIRS & MAINTENANCE
total $408,241 · program services $272,909 · management and general $135,332
-
24e · All other expenses
total $2,440 · management and general $2,440
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,505,554 · end of year $1,859,955
-
2 · Savings and temporary cash investments
beginning of year $3,202,334 · end of year $6,551,511
-
4 · Accounts receivable
beginning of year $673,388 · end of year $668,738
-
8 · Inventories for sale or use
beginning of year $6,496 · end of year $9,207
-
9 · Prepaid expenses and deferred charges
beginning of year $1,551,918 · end of year $1,590,686
-
10a · Land, buildings and equipment: cost or other basis
$75,433,855
-
10b · Land, buildings and equipment: accumulated depreciation
$50,204,635
-
10c · Land, buildings and equipment, net
beginning of year $22,868,766 · end of year $25,229,220
-
11 · Investments: publicly traded securities
beginning of year $8,880,532 · end of year $8,009,198
-
15 · Other assets
beginning of year $2,669,887 · end of year $1,946,931
-
17 · Accounts payable and accrued expenses
beginning of year $568,636 · end of year $872,474
-
23 · Secured mortgages and notes payable
beginning of year $14,099,271 · end of year $14,010,802
-
25 · Other liabilities
beginning of year $518,296 · end of year $614,036
-
27 · Net assets without donor restrictions
beginning of year $27,172,672 · end of year $30,368,134
Mission and programs · 2022
Mission
REHABILITATION AND DEVELOPMENT ACTIVITIES TO CREATE AND SUSTAIN VIABLE ECONOMY THROUGH NATURAL RESOURCES WHILE COMPLETING MANAGEMENT CONTRACTS WITH THE STATE OF ALASKA FOR CONSTRUCTION AND OPERATION OF SALMON HATCHERIES IN FURTHERANCE OF FISHERY DEVELOPMENT AND MAINTENANCE.
-
PROGRAM SERVICES - PROVIDED FISHERIES REHABILITATION, ENHANCEMENT, AND DEVELOPMENT ACTIVITIES IN THE PRINCE WILLIAM SOUND AND THE COPPER RIVER REGION OF ALASKA.PROGRAM SERVICES ARE THE COST THAT DIRECTLY RELATE TO EACH INDIVDIUAL HATCHERY FOR THE FISH CULTURE MAINTENANCE AND ADMINSTRATION OF THE HATCHERY. THE HATCHERIES AND THE COST ASSOCIATED WITH EACH HATCHERY ARE AS FOLLOWS: ARMIN F KOERNIG HATCHERY - 2,383,271 WALLY NOERENBERG HATCHERY - 2,779,056 CANNERY CREEK HATCHERY - 2,307,187 MAIN BAY HATCHERY - 1,679,665 GULKANA HATCHERY - 846,160
Expenses $9,995,339 · Revenue $18,422,790
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Geoffrey P ClarkGEOFFREY P CLARK
CEO/GM
- Total calculated
- $209,069
- From this org
- $174,266
- From related orgs
- $0
- Other
- $34,803
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $174,266
- Bonus
- not reported
- Other
- not reported
- Deferred
- $34,803
- Nontaxable benefits
- not reported
- Filer's total
- $209,069
-
Eli JohnsonELI JOHNSON
CURRENT CHAI
- Total calculated
- $11,750
- From this org
- $11,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.5
-
Mike BabicMIKE BABIC
VICE CHAIR
- Total calculated
- $9,750
- From this org
- $9,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.5
-
Justin RyanJUSTIN RYAN
SECRETARY
- Total calculated
- $1,000
- From this org
- $1,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.5
-
Tracey NuzziTRACEY NUZZI
TREASURER
- Total calculated
- $1,000
- From this org
- $1,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.5
-
Ben JohnsonBEN JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Amanda BauerAMANDA BAUER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Angela TotemoffANGELA TOTEMOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Brandon BlakeBRANDON BLAKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Bret BradfordBRET BRADFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Colby BoultonCOLBY BOULTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Darin GilmanDARIN GILMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Bob NathansonBOB NATHANSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Don StevensDON STEVENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ej CheshierEJ CHESHIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Gordon ReevesGORDON REEVES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jacob R WiseJACOB R WISE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Jarek HanakJAREK HANAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Forest JenkinsFOREST JENKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John PlattJOHN PLATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John WhisselJOHN WHISSEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.75
-
Jon NicholsJON NICHOLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Ken RobersonKEN ROBERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Hayley HooverHAYLEY HOOVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Max DurtschiMAX DURTSCHI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike MickelsonMIKE MICKELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Rick IsaacsonRICK ISAACSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Morgan WilliamsMORGAN WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Nicholas CrumpNICHOLAS CRUMP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
P Timothy SelanoffP TIMOTHY SELANOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Pete JenkinsPETE JENKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeremy BotzJEREMY BOTZ
DIRECTOR-NON
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert BeedleROBERT BEEDLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ron BlakeRON BLAKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ryan RogersRYAN ROGERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Shawna WilliamsSHAWNA WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Thomas NelsonTHOMAS NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Tom BailerTOM BAILER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tom Huffer JrTOM HUFFER JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Toni GodesTONI GODES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tyee LohseTYEE LOHSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.75
-
Wade BuscherWADE BUSCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Spencer AllenSPENCER ALLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ezekiel BrownEZEKIEL BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Ashley ChristiansonASHLEY CHRISTIANSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Chelsea HaismanCHELSEA HAISMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Trevor MilchTREVOR MILCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Margie C Udani CalaustroMARGIE C UDANI CALAUSTRO
FINANCE DIRE
- Total calculated
- $175,623
- From this org
- $133,063
- From related orgs
- $0
- Other
- $42,560
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $133,063
- Bonus
- not reported
- Other
- not reported
- Deferred
- $42,560
- Nontaxable benefits
- not reported
- Filer's total
- $175,623
-
Stephen HiltonSTEPHEN HILTON
PRODUCTION M
- Total calculated
- $162,293
- From this org
- $121,077
- From related orgs
- $0
- Other
- $41,216
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $121,077
- Bonus
- not reported
- Other
- not reported
- Deferred
- $41,216
- Nontaxable benefits
- not reported
- Filer's total
- $162,293
-
Casey PapeCASEY PAPE
HEALTH & SAF
- Total calculated
- $138,905
- From this org
- $100,044
- From related orgs
- $0
- Other
- $38,861
- Hours/week
- 40
-
Jimmie WinterJIMMIE WINTER
CHIEF MAINT
- Total calculated
- $138,064
- From this org
- $106,033
- From related orgs
- $0
- Other
- $32,031
- Hours/week
- 40
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 31 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400439349302315
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