Overview
What is Gb Cod Fixed Gear Sector Inc?
Gb Cod Fixed Gear Sector Inc is a cooperative group of small, dayboat fishermen on Cape Cod, Massachusetts. They have voluntarily joined forces to manage the sustainable allocation of fish annually. Members of this sector commit to adhering to catch limits and cease fishing once quotas have been reached, ensuring the preservation of fish populations for future generations. The federal government, specifically the National Marine Fisheries Service, grants these quotas to the sector, which consists of fishermen who have established their organization in accordance with state and federal tax regulations. During the 2020 fishing year, they harvested approximately 17.32 million pounds of various fish and shellfish species and went on over 1,767 trips. This sector's proactive approach to managing fish quotas is crucial for the long-term health of fish populations.
Is Gb Cod Fixed Gear Sector Inc legitimate?
Gb Cod Fixed Gear Sector Inc is a legitimate nonprofit organization registered as a 501(c)(5) entity. Gb Cod Fixed Gear Sector Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Gb Cod Fixed Gear Sector Inc?
The Georges Bank Cod Fixed Gear Sector is a cooperative group of small, dayboat fishermen on a mission to sustainably manage annual fish allocations. Members commit to fishing within set limits and cease fishing once quotas are met, ensuring the preservation of fish populations for future generations. The federal government, specifically the National Marine Fisheries Service, grants these quotas to the sector, which is composed of fishermen who have established and complied with both state and federal tax requirements.
Who is the CEO of Gb Cod Fixed Gear Sector Inc?
Greg Connors is the President of Gb Cod Fixed Gear Sector Inc.
What is the revenue of Gb Cod Fixed Gear Sector Inc?
Gb Cod Fixed Gear Sector Inc's revenue in 2022 was $383,995.
Who are the executives of Gb Cod Fixed Gear Sector Inc and what are their salaries?
- Greg Connors (President) [Trustee/Director]
- Jason Amaru (Treasurer) [Trustee/Director]
- Greg Walinski (Clerk) [Trustee/Director]
- Eric Hesse (Director)
- Tim Linnell (Director)
- Jared Bennet (Director)
- Scott Macallister (Director)
- Nick O'Toole (Director)
Where can I find the form 990 for Gb Cod Fixed Gear Sector Inc?
The Gb Cod Fixed Gear Sector Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Gb Cod Fixed Gear Sector Inc
The Georges Bank Cod Fixed Gear Sector Inc is a proactive group of small, dayboat fishermen on Cape Cod who have come together voluntarily to cooperatively manage annual allocations of fish. Their mission is to ensure the sustainable management of fish populations for future generations. Members of this sector agree to fish within sustainable limits and to cease fishing once quotas have been met. The Federal Government, specifically the National Marine Fisheries Service, recognizes this organization and provides the quotas to the sector, which includes fishermen who have developed and incorporated their organization in compliance with state and federal tax requirements. This collaborative approach allows for the responsible allocation of fish resources and the preservation of marine life for future generations. By working together, the members of Georges Bank Cod Fixed Gear Sector Inc aim to protect fish populations and support the long-term viability of the fishing industry. The cooperative nature of this organization enables its members to make informed decisions about fishing practices and quotas, ultimately contributing to the overall health of the fishery.
Impact
This information is meant to be a general summary of Gb Cod Fixed Gear Sector Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Gb Cod Fixed Gear Sector Inc's impact can be seen in its proactive approach to sustainable fishing practices. By voluntarily coming together to cooperatively manage annual allocations of fish, the sector's members ensure they fish within sustainable limits and stop fishing once quotas have been met. This responsible behavior helps protect fish populations for future generations.
Additionally, the sector's focus on minimizing the harvest of depleted stocks and instead prioritizing the harvest of healthy stocks like monkfish, skates, dogfish, and pollock showcases their commitment to conservation. In the 2020 fishing year alone, the sector landed a significant amount of different fish and shellfish species while staying within budget and complying with all tax and reporting requirements.
Overall, Gb Cod Fixed Gear Sector Inc's impact lies in its contribution to sustainable fishing practices, conservation efforts, and the preservation of marine resources for the benefit of both present and future generations.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
QUOTA LEASE
Revenue
$262,356
AT-SEA MONITORING FEES
Revenue
$94,821
ANNUAL FEE
Revenue
$23,310
Organization Details
Founding Year
2007
Phone
(508) 945-2432
Principal Officer
Greg Connors
Main Address
1566 MAIN STREET, CHATHAM, MA, 02633
NTEE Category
Code: D33 - Animals
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