| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, line 4 | The Organization amended its bylaws in March 2024 in the following significant ways: 1. The revised bylaws amended and clarified the timing and term limits for certain classes of Board Directors, noting that each Class of Director serves for rolling three-year periods. 2. The revised bylaws clarify that the offices of President and CEO may be held by one person, but each of those offices may be held by different individuals as well. 3. The revised bylaws now allow that the CEO will recommend candidates to fill executive positions, and the board or the executive committee will approve the candidates as recommended by the CEO. Such roles include the Chief Financial Officer, the Chief Operating Officer, the Chief People Officer, and other similar positions. 4. The revised bylaws state that the Organization's Treasurer and Secretary shall perform other duties as may be prescribed by the board, the CEO or the President. The previous bylaws stated that only the board and the President could assign duties to the Treasurer and the Secretary, but not the CEO. 5. A new article on corporate policies was added to the bylaws stating that "the corporation intends to implement and maintain various policies from time to time designed to: (i) achieve the corporation's long-term goals, (ii) implement best practices with regard to financial reporting, risk management, compliance programs and corporate governance and (iii) ensure compliance with all applicable laws, regulations and the like." |
| 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 2024 compensation reported for Dr. George Chamberlain, William Herzig and Allen Kimball was paid for their services as contracted service providers to Global Seafood Alliance. Dr. Chamberlain, Mr. Herzig and Mr. Kimball were not compensated for serving as Global Seafood Alliance Board members. |
| Form 990, Part IX, line 11g | Consultants 222,531. Contractors 1,774,394. |
| Form 990, Part XI, line 9: | Transfers to affiliate -200,000. |
| 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 2024 were finalized, signed, and published in July 2025. The review was subject to the oversight of the Organization's chief finance and accounting personnel, as well as the Board and any finance and audit committees thereof. |
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