Nonprofit · EIN 92-0074473
VALDEZ FISHERIES DEVELOPMENT ASSOC
Tax-exempt · VALDEZ, AK 99686
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $4,752,200 | $4,171,711 | $580,489 | $19,431,930 | $5,639,288 | $13,792,642 |
| May 31, 2024 | 990 | $6,589,187 | $4,528,977 | $2,060,210 | $18,922,559 | $5,813,447 | $13,109,112 |
| May 31, 2023 | 990 | $5,700,212 | $4,492,582 | $1,207,630 | $17,090,270 | $5,852,345 | $11,237,925 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,499,011
- Investment income
- $249,560
- Net gain from sales of assets
- $48,689
- Other revenue
- $3,629
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $219,635
- Other salaries and wages
- $1,205,665
- Salaries, compensation and benefits (total)
- $1,841,237
- Professional fundraising fees
- $0
- Legal fees
- $6,635
- Accounting fees
- $24,386
- Occupancy
- $167,791
- Travel
- $94,900
- Depreciation
- $566,342
- Program services (functional)
- $3,409,594
- Management and general (functional)
- $762,117
Balance sheet and other
- Total assets, start of year
- $18,922,559
- Total assets, end of year
- $19,431,930
- Total liabilities, end of year
- $5,639,288
- Net assets, end of year
- $13,792,642
- Land, buildings and equipment
- $13,133,815
- Publicly traded securities
- $5,179,508
- Net assets without donor restrictions
- $13,245,228
- Net assets with donor restrictions
- $547,414
- Gross receipts
- $6,684,424
- Employees
- 45
- Volunteers
- 7
- Year formed
- 1980
- State of legal domicile
- AK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Mike Wells | Executive Dir. Officer | 40 | $153,495 | $0 |
| Rob Unger | Hatchery Manager | 40 | $106,949 | $0 |
| Mike Freerksen | Asst Hatchery Mgr | 40 | $103,448 | $0 |
| Rosalyn Espiritu | Accountant Officer | 40 | $43,611 | $2,730 |
| Thane Miller | President Trustee or director, Officer | 2 | $0 | $0 |
| Edward Day | Vice President Trustee or director, Officer | 0.5 | $0 | $0 |
| Colleen Stephens | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 |
| Raymond Sutton | Secretary Trustee or director, Officer | 0.5 | $0 | $0 |
| Hope Finley | Director Trustee or director | 0.5 | $0 | $0 |
| Alan Sorum | Director Trustee or director | 0.5 | $0 | $0 |
| George Levasseur | Director Trustee or director | 0.5 | $0 | $0 |
990 for the year ended May 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mike Wells | Executive Dir. Officer | 40 | $148,711 |
| Rob Unger | Hatchery Manager | 40 | $109,969 |
| Laura Therriault | Accountant Officer | 40 | $107,989 |
| Rosalyn Espiritu | Accountant Officer | 40 | $46,342 |
| Thane Miller | President Trustee or director, Officer | 2 | $0 |
| Edward Day | Vice President Trustee or director, Officer | 0.5 | $0 |
| Colleen Stephens | Treasurer Trustee or director, Officer | 0.5 | $0 |
| Raymond Sutton | Secretary Trustee or director, Officer | 0.5 | $0 |
| Bernard Culbertson | Director Trustee or director | 0.5 | $0 |
| Alan Sorum | Director Trustee or director | 0.5 | $0 |
| George Levasseur | Director Trustee or director | 0.5 | $0 |
990 for the year ended May 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Mike Wells | Executive Dir. Officer | 40 | $148,710 | $8,923 |
| Rob Unger | Hatchery Manager | 40 | $111,052 | $6,480 |
| Laura Therriault | Accountant Officer | 40 | $107,591 | $6,455 |
| Ed Day | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| George Levasseur | Director Trustee or director | 1 | $0 | $0 |
| Bernie Culbertson | Past President Trustee or director, Officer | 1 | $0 | $0 |
| Thane Miller | President Trustee or director, Officer | 1 | $0 | $0 |
| Alan Sorum | Director Trustee or director | 1 | $0 | $0 |
| Ray Sutton | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Colleen Stephens | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 125, VALDEZ, AK 99686-0125
- In care of
- % LAURA THERRIAULT
- Principal officer (990 for 2024)
- Thane Miller, PO Box 125, Valdez, AK 996860125
- Signed the 990
- Mike Wells, Executive Dir.
- Phone
- (907) 835-4874
- Website
- www.valdezfisheries.org
- Return prepared by
- ALTMAN ROGERS & CO
Mission
To raise and release salmon fry to guarantee the return of salmon to Port Valdez to support commercial and sport fishing under the control of the Alaska Department of Fish and Game and the PWS Management team.
Program accomplishments
- Hatchery Operations - Accounts for activities associated with the Solomon Gulch Hatchery including activities related to egg take and spawning for Coho and Pink salmon.Expenses $2,809,283 · revenue $4,346,284
- Fish Processing - Accounts for all activities at the processing plant. This was created to achieve full utilization of surplus hatchery resources, by processing and marketing smoked salmon products and caviar.Expenses $600,311 · revenue $156,356
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 92-0074473
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1981
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Animal-related (D330)
- Assets (IRS master file)
- $19,431,930
- Income (IRS master file)
- $6,684,424
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $4,752,200 | $4,171,711 | $19,431,930 | XML |
| 990 | May 2024 | $6,589,187 | $4,528,977 | $18,922,559 | XML |
| 990 | May 2023 | $5,700,212 | $4,492,582 | $17,090,270 | XML |
| 990 | May 2022 | $5,681,425 | $4,383,390 | $16,996,317 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 92-0074473).
Questions about VALDEZ FISHERIES DEVELOPMENT ASSOC
- What is the EIN of VALDEZ FISHERIES DEVELOPMENT ASSOC?
- The employer identification number (EIN) of VALDEZ FISHERIES DEVELOPMENT ASSOC is 92-0074473.
- Is VALDEZ FISHERIES DEVELOPMENT ASSOC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to VALDEZ FISHERIES DEVELOPMENT ASSOC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALDEZ FISHERIES DEVELOPMENT ASSOC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VALDEZ FISHERIES DEVELOPMENT ASSOC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALDEZ FISHERIES DEVELOPMENT ASSOC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of VALDEZ FISHERIES DEVELOPMENT ASSOC?
- The 990 for the year ended May 31, 2025 names Thane Miller.
- Who are the officers and directors of VALDEZ FISHERIES DEVELOPMENT ASSOC?
- The 990 for the year ended May 31, 2025 lists 11 people; 4 received compensation from the organization, the highest $153,495 (Mike Wells, Executive Dir.).
- How much revenue does VALDEZ FISHERIES DEVELOPMENT ASSOC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $4,752,200, expenses of $4,171,711 and total assets of $19,431,930 at year end.
Other nonprofits in VALDEZ
- CONNECTING TIES INC EIN 92-0150429 · last filed 990 for 2025
- VALDEZ NATIVE TRIBE EIN 92-0084385 · last filed 990 for 2024
- VALDEZ MUSEUM AND HISTORICAL ARCHIVE ASSOCIATION INCORPORATED EIN 92-0159463 · last filed 990 for 2025
- ADVOCATES FOR VICTIMS OF VIOLENCE INCORPORATED EIN 92-0083034 · last filed 990 for 2025
- VALDEZ CONVENTION AND VISITORS BUREAU INC EIN 92-0090495 · last filed 990 for 2024
- TERMINAL RADIO INC EIN 92-0088295 · last filed 990 for 2025
- VALDEZ ADVENTURE ALLIANCE EIN 84-2445177 · last filed 990 for 2025
- MOST WORSHIPFUL GRAND LODGE OF FREE AND ACCEPTED MASONS OF ALASKA INC EIN 23-7202370 · last filed 990 for 2025