BERING SEA FISHERIES RESEARCH FOUNDATION

EIN: 201055264 Animal-Related

BOTHELL, WA

Total Revenue
$2,800,636
Total Expenses
$2,984,903
Total Assets
$1,054,423
Net Assets
$806,420
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
WA
Principal Officer
DOUGLAS B WELLS
Phone
4254868173
Tax Period
2024-01-01 to 2024-12-31

BERING SEA FISHERIES RESEARCH FOUNDATION, founded in 2004, is a community nonprofit in the Animal-Related sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 214% from the prior year, signaling strong growth momentum.

Mission

TO AID, ENCOURAGE, PROMOTE, AND SUPPORT SCIENTIFIC RESEARCH AND EDUCATION REGARDING THE SHELLFISH AND ANCILLARY FISHERIES OF THE NORTH PACIFIC

Program Service Accomplishments

Program 1

BRISTOL BAY RED KING CRAB RESEARCH: DURING 2024, BSFRF ACTIVITIES INCLUDED SEVERAL PROJECTS FOR BRISTOL BAY RED KING CRAB (BBRKC). A WINTER/SPRING DISTRIBUTION POT AND TRAWL SURVEY (CPS2) WAS...

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BRISTOL BAY RED KING CRAB RESEARCH: DURING 2024, BSFRF ACTIVITIES INCLUDED SEVERAL PROJECTS FOR BRISTOL BAY RED KING CRAB (BBRKC). A WINTER/SPRING DISTRIBUTION POT AND TRAWL SURVEY (CPS2) WAS CONDUCTED IN MARCH AND APRIL 2024 IN COLLABORATION WITH NATIONAL MARINE FISHERIES SERVICE (NMFS) AND THE ALASKA DEPARTMENT OF FISH AND GAME (ADF&G). THE FOUNDATION CHARTERED THREE FISHING VESSELS (THE FV VESTERAALEN, THE FV ARCTIC LADY, AND THE FV SEABROOKE) TO COMPLETE A WINTER/SPRING BBRKC SURVEY IN BRISTOL BAY, ALASKA. THIS WAS THE SECOND IN A SEQUENCE OF COLLABORATIVE POT SAMPLING (CPS) PROJECTS FOCUSING ON SEASONAL DISTRIBUTION OF BBRKC AND ADDED A SECOND GEAR TYPE TO SAMPLE WITH THE BSFRF NEPHROPS SURVEY TRAWL. THE PROJECT PLACED SUBCONTRACTORS FROM BSFRF ALONG WITH PERSONNEL FROM NMFS AND ADF&G ONBOARD THE CHARTERS AS SCIENTIFIC PARTIES TO COMPLETE THE RESEARCH. THIS PROJECT ADDRESSED A PRIMARY RESEARCH PRIORITY OF COLLECTING MORE INFORMATION ON THE WINTER/SPRING DISTRIBUTION OF BBRKC TO REVIEW THE EFFICACY OF CURRENT SPATIAL CONSERVATION MEASURES. THE COOPERATIVE PROCUREMENT OF SATELLITE TAGS FOR BBRKC WAS A HIGH-PRIORITY RESEARCH ITEM AND PART OF ONGOING RESEARCH TO ADDRESS BBRKC MOVEMENT AND SEASONAL DISTRIBUTION IN BRISTOL BAY. THE FOUNDATION PURCHASED APPROXIMATELY $242,000 OF SMART-TECHNOLOGY TAGS TO BE SHARED WITH NMFS SCIENTISTS FOR PLACEMENT ON BBRKC DURING THE BERING SEA NOAA SUMMER SURVEY. TAGS WERE PURCHASED FROM WILDLIFE COMPUTERS BY BSFRF AND SHIPPED TO NMFS KODIAK SCIENTISTS FOR DEPLOYMENT DURING THE SURVEY.

Program 2

BERING SEA SNOW CRAB AND OPILIO RESEARCH: A HIGH-PRIORITY PILOT FIELD PROJECT WAS COMPLETED ON BERING SEA OPILIO (SNOW CRAB) IN THE LATE SUMMER OF 2024 BY BSFRF IN COLLABORATION WITH NMFS AND ADF&G...

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BERING SEA SNOW CRAB AND OPILIO RESEARCH: A HIGH-PRIORITY PILOT FIELD PROJECT WAS COMPLETED ON BERING SEA OPILIO (SNOW CRAB) IN THE LATE SUMMER OF 2024 BY BSFRF IN COLLABORATION WITH NMFS AND ADF&G. TWO INDUSTRY VESSELS (THE FV VESTERAALEN AND THE FV CONFIDENCE) WERE CHARTERED TO COMPLETE SAMPLING AT SPECIFIED STATIONS ACROSS THE BERING SEA SHELF OPILIO GROUNDS. PORTIONS OF THIS SAMPLING WERE CONDUCTED IN COORDINATION WITH THE NMFS SURVEY OPERATING IN THE SAME TIME AND AREA. THE TWO CHARTERS USED POT AND TRAWL SAMPLING GEAR FOR COMPARATIVE CATCHES TO INFORM FURTHER FULL-SCALE OPILIO RESEARCH OF SIMILAR NATURE. IN EARLY MAY 2024, THE BSFRF CO-HOSTED A SNOW CRAB WORKSHOP IN ST. JOHNS, NEWFOUNDLAND, IN COLLABORATION WITH THE DEPARTMENT OF FISHERIES AND OCEANS (DFO), CANADA. SEVERAL BERING SEA CRAB RESOURCE STAKEHOLDERS (BSFRF, ADF&G, AND NMFS) TRAVELED TO ST. JOHNS FOR A THREE-DAY WORKSHOP HOSTED IN-PERSON BY CANADIAN SNOW CRAB RESEARCHERS. THE WORKSHOP WAS INTENDED TO HEAR FROM ALASKA, CANADA, AND OTHER INTERNATIONAL EXPERTS FOR ADVICE ON SUSTAINABLE MANAGEMENT OF GLOBAL SNOW CRAB FISHERIES DURING PERIODS OF ECOSYSTEM CHANGE AND VARIABLE STOCK DYNAMICS. FINDINGS FROM THE WORKSHOP ARE IN PRESS WITH A PEER-REVIEWED PUBLICATION.

Program 3

HABITAT ASSESSMENT AND TECHNOLOGY DEVELOPMENT: THE BSFRF COLLABORATED ON A NEW LARGE-SCALE PROJECT IN 2024 TO UTILIZE AN UNDERWATER TOWED CAMERA ARRAY (CAMSLED) OWNED BY ADF&G TO ASSESS PRESENCE OF...

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HABITAT ASSESSMENT AND TECHNOLOGY DEVELOPMENT: THE BSFRF COLLABORATED ON A NEW LARGE-SCALE PROJECT IN 2024 TO UTILIZE AN UNDERWATER TOWED CAMERA ARRAY (CAMSLED) OWNED BY ADF&G TO ASSESS PRESENCE OF BBRKC AND SUITABLE JUVENILE AND LARVAL HABITAT IN BRISTOL BAY. THE CHARTER FOR THE PROJECT (CHARTERING THE FV EARLY DAWN) WAS CONDUCTED IN COLLABORATION WITH ADF&G AND FUNDED BY COMBINED SUPPORT FROM ADF&G AND THE NORTH PACIFIC RESEARCH BOARD (NPRB) THROUGH BSFRF. A SECONDARY COMPONENT OF THIS RESEARCH PLACED MODIFIED BBRKC POTS AFFIXED WITH NEW LARVAL COLLECTORS TO REMAIN IN BRISTOL BAY OVER THE SUMMER PERIOD FOR RETRIEVAL IN THE FALL.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,785,550
Program Service Revenue $0
Investment Income $15,086
Other Revenue $0
TOTAL REVENUE $2,800,636

Expense Breakdown

Grants Paid $14,822
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,970,081
TOTAL EXPENSES $2,984,903

Year-over-Year Comparison

2024 2023 Change
Revenue $2,800,636 $890,909 +2.1%
Expenses $2,984,903 $1,304,847 +1.3%
Net Income $-184,267 $-413,938 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG WELLS PRESIDENT, DIRECTOR 3.00
Officer Director
$0 $0 $0
EDWARD POULSEN VICE PRESIDENT, DIRECTOR 2.00
Officer Director
$0 $0 $0
FRANK KELTY VICE PRESIDENT, DIRECTOR 2.00
Officer Director
$0 $0 $0
LENNY HERZOG SECRETARY, DIRECTOR 2.00
Officer Director
$0 $0 $0
GARRY LONCON TREASURER, DIRECTOR 2.00
Officer Director
$0 $0 $0
MARK CASTO DIRECTOR 1.00
Director
$0 $0 $0
LOUIE LOWENBERG DIRECTOR 1.00
Director
$0 $0 $0
GARY PAINTER DIRECTOR 1.00
Director
$0 $0 $0
HEATHER MCCARTY DIRECTOR 1.00
Director
$0 $0 $0
WES JONES DIRECTOR 1.00
Director
$0 $0 $0
OWEN KVINGE DIRECTOR 1.00
Director
$0 $0 $0
SHANNON CARROLL DIRECTOR 1.00
Director
$0 $0 $0
SINCLAIR WILT DIRECTOR 1.00
Director
$0 $0 $0
SCOTT GOODMAN EXECUTIVE DIRECTOR 8.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,800,636 $2,984,903 $1,054,423 $-184,267
2023 $890,909 $1,304,847 $1,018,138 $-413,938
2022 $207,261 $495,859 $1,426,912 $-288,598
2021 $1,273,156 $1,109,207 $1,894,594 $163,949
2020 $815,693 $684,326 $1,549,181 $131,367
2019 $866,672 $1,039,834 $1,425,126 $-173,162
2018 $878,791 $1,127,388 $1,613,624 $-248,597
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