Nonprofit · EIN 92-0062550
NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION INC
Tax-exempt · SITKA, AK 99835
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $11,066,032 | $11,692,170 | -$626,138 | $34,106,121 | $1,669,941 | $32,436,180 |
| June 30, 2024 | 990 | $10,585,893 | $11,875,051 | -$1,289,158 | $36,496,231 | $4,268,691 | $32,227,540 |
| June 30, 2023 | 990 | $15,227,742 | $10,718,939 | $4,508,803 | $36,532,704 | $4,096,602 | $32,436,102 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,922,036
- of which government grants
- $1,922,036
- Program service revenue
- $936,146
- Investment income
- $800,461
- Royalties
- $6,567,255
- Net rental income
- $36,040
- Net gain from sales of assets
- $156,971
- Other revenue
- $7,407,389
Expenses
- Grants and similar amounts paid
- $261,650
- Compensation of officers, directors and key employees
- $255,912
- Other salaries and wages
- $2,894,539
- Salaries, compensation and benefits (total)
- $3,937,196
- Professional fundraising fees
- $0
- Legal fees
- $750
- Accounting fees
- $40,130
- Occupancy
- $394,950
- Travel
- $267,868
- Depreciation
- $1,567,013
- Program services (functional)
- $10,010,466
- Management and general (functional)
- $1,681,704
Balance sheet and other
- Total assets, start of year
- $36,496,231
- Total assets, end of year
- $34,106,121
- Total liabilities, end of year
- $1,669,941
- Net assets, end of year
- $32,436,180
- Land, buildings and equipment
- $17,362,805
- Publicly traded securities
- $14,382,265
- Net assets without donor restrictions
- $32,436,180
- Gross receipts
- $11,066,032
- Employees
- 100
- Year formed
- 1977
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT WAGNER | GENERAL MANA Officer | 40 | $214,480 | $39,630 |
| ADAM OLSON | OPERATIONS M Highest-paid employee | 40 | $124,000 | $18,715 |
| KENNETH GRAY | MAINTENANCE Highest-paid employee | 40 | $106,313 | $17,749 |
| JOHN JENSEN | BOARD MEMBER Trustee or director | 1 | $2,485 | $0 |
| BRIAN MASSEY | BOARD MEMBER Trustee or director | 1 | $2,205 | $0 |
| CALEB ROBBINS | BOARD VICE P Trustee or director, Officer | 1 | $2,205 | $0 |
| SCOTT LESH | BOARD MEMBER Trustee or director | 1 | $1,890 | $0 |
| MAX WORHATCH | BOARD MEMBER Trustee or director | 1 | $1,774 | $0 |
| MATT GIAMBRONE | BOARD MEMBER Trustee or director | 1 | $1,734 | $0 |
| DAVE GIBSON | BOARD MEMBER Trustee or director | 1 | $1,265 | $0 |
| WILLIAM BERGMANN | BOARD MEMBER Trustee or director | 1 | $1,003 | $0 |
| JAY HENDRICKS | BOARD MEMBER Trustee or director | 1 | $953 | $0 |
| ZACHARY OLSON | BOARD MEMBER Trustee or director | 1 | $943 | $0 |
| HENRICH KADAKE SRB | BOARD MEMBER Trustee or director | 1 | $781 | $0 |
| DEBORAH LYONS | BOARD SEC/TR Trustee or director, Officer | 1 | $750 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC DAUGHERTY | BOARD MEMBER Trustee or director | 1 | $688 |
| JOHN BLANKENSHIP | BOARD MEMBER Trustee or director | 1 | $0 |
| KORD CHRISTIANSON | BOARD MEMBER Trustee or director | 1 | $0 |
| JOE CISNEY | BOARD MEMBER Trustee or director | 1 | $0 |
| BILL DAVIDSON | BOARD MEMBER Trustee or director | 1 | $0 |
| JACQUELINE FOSS | BOARD MEMBER Trustee or director | 1 | $0 |
| HOLLIS JENNINGS | BOARD MEMBER Trustee or director | 1 | $0 |
| SCHUYLER MACE | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES MOORE | BOARD MEMBER Trustee or director | 1 | $0 |
| JUSTIN PEELER | BOARD PRESID Trustee or director, Officer | 1 | $0 |
| DON SPIGELMYRE | BOARD MEMBER Trustee or director | 1 | $0 |
| KARL WOLFE | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRIS YSTAD | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT WAGNER | GENERAL MANA Officer | 40 | $193,671 | $34,478 |
| ADAM OLSON | OPERATIONS M Highest-paid employee | 40 | $120,936 | $17,712 |
| KENNETH GRAY | MAINTENANCE Highest-paid employee | 40 | $103,577 | $16,776 |
| HOLLIS JENNINGS | BOARD MEMBER Trustee or director | 1 | $31,691 | $0 |
| CHRIS YSTAD | BOARD MEMBER Trustee or director | 1 | $17,850 | $0 |
| ZACHERY OLSON | BOARD MEMBER Trustee or director | 1 | $6,820 | $0 |
| JOHN JENSEN | BOARD MEMBER Trustee or director | 1 | $4,710 | $0 |
| CALEB ROBBINS | BOARD VICE P Trustee or director, Officer | 1 | $3,797 | $0 |
| BRIAN MASSEY | BOARD MEMBER Trustee or director | 1 | $3,736 | $0 |
| DAVE GIBSON | BOARD MEMBER Trustee or director | 1 | $2,836 | $0 |
| MATT GIAMBRONE | BOARD MEMBER Trustee or director | 1 | $2,773 | $0 |
| HENRICH KADAKE SR | BOARD MEMBER Trustee or director | 1 | $1,898 | $0 |
| MAX WORHATCH | BOARD MEMBER Trustee or director | 1 | $1,598 | $0 |
| WILLIAM BERGMANN | BOARD MEMBER Trustee or director | 1 | $1,553 | $0 |
| JAY HENDRICKS | BOARD MEMBER Trustee or director | 1 | $1,509 | $0 |
| JUSTIN PEELER | BOARD PRESID Trustee or director, Officer | 1 | $0 | $0 |
| DEBORAH LYONS | BOARD SEC/TR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN BLANKENSHIP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KORD CHRISTIANSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOE CISNEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ERIC DAUGHERTY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BILL DAVIDSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JACQUELINE FOSS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ERIC JORDAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SCOTT LESH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES MOORE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DON SPIGELMYRE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KARLE WOLFE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT WAGNER | GENERAL MANA Officer | 40 | $168,480 | $9,444 |
| ADAM OLSON | OPERATIONS M Highest-paid employee | 40 | $113,940 | $16,932 |
| JUSTIN PEELER | BOARD PRESID Trustee or director, Officer | 1 | $5,018 | $0 |
| HOLLIS JENNINGS | BOARD MEMBER Trustee or director | 1 | $4,000 | $0 |
| MATT GIAMBRONE | BOARD MEMBER Trustee or director | 1 | $2,500 | $0 |
| DEBORAH LYONS | BOARD SEC/TR Trustee or director, Officer | 1 | $750 | $0 |
| WILLIAM PRISCIANDARO | BOARD VICE P Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM BERGMANN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN BLANKENSHIP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KORD CHRISTIANSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOE CISNEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JACKSON COMBS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BILL DAVIDSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STUART DEWITT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MITCH EIDE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVE GIBSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN JENSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ERIC JORDAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HENRICH KADAKE SR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN MASSEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES MOORE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ZACHERY OLSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CALEB ROBBINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DON SPIGELMYRE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| COLE WILBURN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KARLE WOLFE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MAX WORHATCH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS YSTAD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1308 SAWMILL CREEK RD, SITKA, AK 99835-9702
- Principal officer (990 for 2024)
- SCOTT WAGNER, 1308 SAWMILL CREEK ROAD, SITKA, AK 99835
- Signed the 990
- SCOTT WAGNER, GENERAL MANAGER
- Phone
- (907) 747-6850
- Website
- WWW.NSRAA.ORG
- Return prepared by
- ELGEE REHFELD LLC
Mission
TO INCREASE SALMON RETURNS TO BENEFIT COMMERCIAL AND OTHER COMMON PROPERTY USERES IN NORTHERN SOUTHEAST ALASKA.
Program accomplishments
- THE TOTAL EXPENSES OF NSRAA ARE DIRECTED TOWARD PRODUCING SALMON FRY AND SMOLT AT FOUR FACILITIES (MEDVEJIE, HIDDEN FALLS, GUNNUK CREEK & SAWMILL CREEK HATCHERIES), AND ONE LAKE STOCKING PROGRAM AT DEER LAKE. THE PRODUCTION OF SALMON FRY AND SMOLT ARE RELEASED TO THE OCEAN ANNUALLY, AND RETURN IN TWO TO FOUR YEARS TIME, DURING WHICH THE FISH ARE A PUBLIC RESOURCE AND BELONG TO THE CITIZENS OF THE STATE OF ALASKA. THE PURPOSE OF RAISING AND RELEASING SALMON IS TO INCREASE THE COMMON PROPERTY CATCH AND VALUE IN SALMON FISHERIES THROUGHOUT SOUTHEAST ALASKA. NSRAA PRODUCES AND RELEASES APPROXIMATELY 250 MILLION CHUM SALMON FRY, 7.5 MILLION COHO SMOLT, AND 3.4 MILLION CHINOOK SMOLT ANNUALLY. THE VALUE TO COMMERCIAL AND SPORTS FISHERIES IS GENERALLY IN EXCESS OF 10 MILLION EACH YEAR. IN 2024, NSRAA VALUE TO COMMERCIAL FISHERIES WAS 13.40 MILLION.Expenses $10,010,466 · grants $261,650 · revenue $936,146
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 92-0062550
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1977
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Animal-related (D330)
- Assets (IRS master file)
- $34,106,121
- Income (IRS master file)
- $11,066,032
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $11,066,032 | $11,692,170 | $34,106,121 | IRS |
| 990 | June 2024 | $10,585,893 | $11,875,051 | $36,496,231 | IRS |
| 990 | June 2023 | $15,227,742 | $10,718,939 | $36,532,704 | XML |
| 990 | June 2022 | $10,229,590 | $9,448,042 | $30,442,556 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 92-0062550).
Questions about NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION INC
- What is the EIN of NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION INC?
- The employer identification number (EIN) of NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION INC is 92-0062550.
- Is NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION INC 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 NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 names SCOTT WAGNER.
- Who are the officers and directors of NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 lists 28 people; 16 received compensation from the organization, the highest $214,480 (SCOTT WAGNER, GENERAL MANA).
- How much revenue does NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $11,066,032, expenses of $11,692,170 and total assets of $34,106,121 at year end.
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