| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section B, line 11b | The Form 990 was prepared by an independent outside accountant with the staff accountant. It will be reviewed by key staff and officers after filing with the IRS. |
| Form 990, Part VI, Section B, line 12c | Global Aquaculture Alliance implemented a conflict of interest policy in 2016. All officers and directors were required to sign the policy when it was implemented. The organization reviews the policy annually to determine any necessary updates. Since early 2018, all officers, directors, and other key personnel have been required to review and sign an updated statement on an annual basis and document any potential coflicts of interest. |
| Form 990, Part VI, Section B, line 15 | The Board reviews and approves compensation for the organization's officers annually, and documents the discussion in writing. |
| Form 990, Part VI, Section C, line 19 | The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. |
| Form 990, Part VII, Section A, Column D: | The 2023 compensation reported for William Herzig and Allen Kimball was paid for their services as contracted service providers to Global Seafood Alliance. Neither Mr. Herzig nor Mr. Kimball were compensated for serving as a Global Seafood Alliance Board member. |
| Form 990, Part IX, line 11g | Consultants 374,125. Contractors 1,864,646. |
| Form 990, Part XI, line 9: | Transfers to affiliate -250,000. |
| Form 990, Part XII, Line 2c: | Beginning in a previous tax year, the Organization engaged an independent, professional public accounting firm to perform a review of the Organization's books and records. The Organization's reviewed financial statements for the period ending December 2023 were finalized, signed, and published in August 2024. The review was subject to the oversight of the Organizatin's chief finance and accounting personnel, as well as the Board and any finance and audit committees thereof. |
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