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Rhode Island · Nonprofit

COMMERCIAL FISHERIES RESEARCH FOUNDATION

COMMERCIAL FISHERIES RESEARCH FOUNDATION (Rhode Island) receives grants from 7 organizations whose IRS filings report $934,055 to it, the largest being THE KEITH CAMPBELL FOUNDATION FOR THE ENVIRONMENT INC ($455,802). 4 of them have funded it in more than one year.

Revenue FY2025
$3.9M
Funders on record
7
Grants received
$934k
Net assets
$1.4M
4/7 repeat funderspeak grant-dependency 20%
01What it does

What Commercial Fisheries Research Foundation does

Mission

The mission of the Commercial Fisheries Research Foundation is to support and conduct research and education that assists in the achievement of sustainable fisheries through the generation of better information and effective technologies for the benefit

As stated on its FY2025 Form 990.

Programs

  1. Revolution wind ventless trap survey gathers information about the population, movement and habitat usage of lobsters and jonah crabs in the lease area where the revolution wind farm is being constructed. The survey will be conducted before, during and after the building of the wind farm to determine whether the construction impacts these species.

    $467,898 spent$664,884 earned by the program
    14% of program spending
  2. Sunrise wind trawl survey is a collaboration between cfrf and the university of massachusetts dartmouth school for marine science and technology and local fishermen. The survey is designed to assess the seasonal abundance, distribution and population structure of fish in the revolution and sunrise wind lease areas prior to the construction of the revolution wind farm and sunrise wind farm.

    $540,641 spent$395,063 earned by the program
    16% of program spending
  3. Cfrf in partnership with local fishermen are conducting pre- construction fisheries monitoring surveys of the south fork offshore wind farm. It includes up to 15 wind turbine generators,submarine cables between turbines and offshore substation. The project aims to collect pre-construction data on 1)the abundance,size structure, and distribution of marine species and 2)oceanographic data that can be used to characterize the conditions of the south fork wind farm lease area.

    $1,147,690 spent$1,522,508 earned by the program
    34% of program spending
  4. The black sea bass research fleet, shelf research, sea scallop programs, squid jigging and other projects are maintained and overseen by cfrf throughout the year.

    $1,221,459 spent$1,333,496 earned by the program
    36% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $3,377,688.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($636k) Expenses 100 ($590k) Net assets 100 ($300k)2018 Revenue 88 ($559k) Expenses 111 ($653k) Net assets 68 ($205k)2020 Revenue 97 ($618k) Expenses 102 ($601k) Net assets 103 ($311k)2021 Revenue 251 ($1.6M) Expenses 230 ($1.4M) Net assets 183 ($550k)2022 Revenue 287 ($1.8M) Expenses 331 ($2.0M) Net assets 141 ($424k)2023 Revenue 455 ($2.9M) Expenses 363 ($2.1M) Net assets 391 ($1.2M)2024 Revenue 764 ($4.9M) Expenses 761 ($4.5M) Net assets 513 ($1.5M)2025 Revenue 617 ($3.9M) Expenses 681 ($4.0M) Net assets 482 ($1.4M)
'17'18'20'21'22'23'24'25
Revenue (617)Expenses (681)Net assets (482)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $608k to $1.5M (+144%).

$393k
$262k
$401k
$721k
$608k
$1.5M
$1.8M
$1.7M
'17'18'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 73% · 2018 93% · 2020 78% · 2021 27% · 2022 43% · 2023 23% · 2024 22% · 2025 21%. Grants only. Government contracts and fees sit inside program revenue.

100% of COMMERCIAL FISHERIES RESEARCH FOUNDATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (74% for the typical peer).

This organization
Typical peer · 1,657 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.

$46k
’17
−$95k
’18
$17k
’20
$240k
’21
−$126k
’22
$749k
’23
$366k
’24
−$92k
’25
3.4
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

N David Bethony

Executive director

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2020 and FY2021 filings.

'17'18'20'21'22'23'24'25
Listed1010131212111212
Joined·+0·+1+1+0+1+0
No longer listed·0·21100
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $12k → $149k.

From the IRS filings of COMMERCIAL FISHERIES RESEARCH FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

COMMERCIAL FISHERIES RESEARCH FOUNDATION leans on a few funders — its largest provides 49% of grant income and the top three 86%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

49%
largest funder
86%
top three
~3
effective funders

Largest funder’s share by year: 2017 100% · 2018 100% · 2019 57% · 2020 74% · 2021 60% · 2022 44% · 2023 40% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

COMMERCIAL FISHERIES RESEARCH FOUNDATION draws 100% of its grant income from funders outside Rhode Island, across 5 states in all.

IL
MA
CA
MD
DC

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Rhode Island out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

COMMERCIAL FISHERIES RESEARCH FOUNDATION has grown faster than three-quarters of the 717 animals nonprofits its size.

Operating margin−2% · bottom quartile
Months of reserve3.4mo · below the median
Revenue growth (annualized)26% · top quartile

this organization peer median middle 50% of peers· 717 animals nonprofits $1M–$10M, FY2025

Government funding COMMERCIAL FISHERIES RESEARCH FOUNDATION receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $2.3M on record.

Federal$2.3M
grants $2.3Mcontracts $0
17
18
19
20
21
22
23
24
Top agencies
  • Department of Commerce$2.1M
  • National Science Foundation$150k
  • Department of Agriculture$19k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like COMMERCIAL FISHERIES RESEARCH FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Rhode Island

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

84% of spending goes to programs.

Program 84%Management 16%Fundraising 0%

Governance

11
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for COMMERCIAL FISHERIES RESEARCH FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds COMMERCIAL FISHERIES RESEARCH FOUNDATION?
COMMERCIAL FISHERIES RESEARCH FOUNDATION (Rhode Island) receives grants from 7 organizations whose IRS filings report $934,055 to it, the largest being THE KEITH CAMPBELL FOUNDATION FOR THE ENVIRONMENT INC ($455,802). 4 of them have funded it in more than one year.
How many funders does COMMERCIAL FISHERIES RESEARCH FOUNDATION have?
IRS filings report 7 organizations giving $934,055 in grants to COMMERCIAL FISHERIES RESEARCH FOUNDATION, 4 of which have funded it in more than one year.
Who is the largest funder of COMMERCIAL FISHERIES RESEARCH FOUNDATION?
THE KEITH CAMPBELL FOUNDATION FOR THE ENVIRONMENT INC is the largest funder on record, with $455,802 in grants. The full list of funders is on this page.
How can an organization like COMMERCIAL FISHERIES RESEARCH FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Rhode Island. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Commercial Fisheries Research →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing