TY 2016 Form 990 Schedule O

efile Public Visual Render ObjectId: 201711219349300621 - Submission: 2017-05-01 TIN: 41-2237942

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2016

Open to Public
Inspection

Name of the organization

GB COD FIXED GEAR SECTOR INC

Employer identification number

41-2237942

Return Reference	Explanation
FORM 990 - ORGANIZATION'S MISSION	THE GEORGES BANK COD FIXED GEAR SECTOR REPRESENTS A PROACTIVE GROUP OF SMALL, DAYBOAT FISHERMEN ON CAPE COD THAT HAVE VOLUNTARILY COME TOGETHER TO COOPERATIVELY MANAGE ANNUAL ALLOCATIONS OF FISH. ITS MEMBERS AGREE TO FISH WITHIN SUSTAINABLE LIMITS AND TO STOP FISHING ONCE QUOTAS HAVE BEEN MET, THEREBY, PROTECTING FISH POPULATIONS FOR FUTURE GENERATIONS. THE FEDERAL GOVERNMENT (I.E. NATIONAL MARINE FISHERIES SERVICE) HAS AGREED TO PROVIDE THESE QUOTAS TO THE SECTOR, WHICH INCLUDES FISHERMEN WHO HAVE DEVELOPED AND INCORPORATED THEIR ORGANIZATION IN COMPLIANCE WITH STATE AND FEDERAL TAX REQUIREMENTS.
FORM 990, PAGE 6, PART VI, LINE 6	THE ORGANIZATION HAS MEMBERS THAT ASSIST IN CARRYING OUT THE MISSION OF THE ORGANIZATION.
FORM 990, PAGE 6, PART VI, LINE 7A	SECTOR MEMBERS VOTE TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS.
FORM 990, PAGE 6, PART VI, LINE 7B	IN ACCORDANCE WITH ITS BYLAWS, A MEMBERSHIP MAJORITY ELECTS MEMBERS TO THE BOARD OF DIRECTORS AT ITS ANNUAL MEMBERSHIP MEETING. BYLAW CHANGES AND/OR SUBSTANTIAL CHANGES TO SECTOR POLICY REQUIRE A VOTE BY THE SECTOR MEMBERSHIP.
FORM 990, PAGE 6, PART VI, LINE 8B	THERE ARE NO COMMITTEES IN THE FIXED GEAR SECTOR.
FORM 990, PAGE 6, PART VI, LINE 11B	THE SECTOR MANAGER MAKES THE FORM 990 AVAILABLE AT A MEETING OF THE SECTOR'S BOARD OF DIRECTORS, AND ANSWERS ANY QUESTIONS. ANY DISCUSSION IS CAPTURED IN THE BOARD MEETING MINUTES. THE SECTOR PRESIDENT SIGNS THE DOCUMENT.
FORM 990, PAGE 6, PART VI, LINE 12C	THE POLICY IS COMPLETED BY THE SECTOR MANAGER. THE POLICY IS OCCASIONALLY UPDATED AT THE ADVICE OF LEGAL COUNCIL. ALL NEW BOD MEMBERS FILL OUT THE CONFLICT OF INTEREST STATEMENT. ONCE A YEAR, THE BOD MEMBERS ARE ASKED TO UPDATE THEIR STATEMENTS, USUALLY AROUND THE ANNUAL BOD MEETING. IN TERMS OF ENFORCING THE COI POLICY, IT IS SELF POLICING UNLESS OTHERS KNOW OF THE CONFLICT AND BRING IT TO THE ATTENTION OF THE EXECUTIVES. BOARD MEMBERS MAY ABSTAIN FROM A VOTE IF THEY FEEL THEY HAVE A CONFLICT OF INTEREST, WHETHER IT IS IN THE STATEMENT OR NOT.
FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 11G	FISHERMEN'S ALLIANCE CONTRACT 31,100 0 0 ARCHIPELAGO MARINE RESEARCH 134,763 0 0 CONSULTING 14,544 0 0 TOTAL 180,407 0 0

Return Reference

Explanation

FORM 990 - ORGANIZATION'S MISSION

THE GEORGES BANK COD FIXED GEAR SECTOR REPRESENTS A PROACTIVE GROUP OF SMALL, DAYBOAT FISHERMEN ON CAPE COD THAT HAVE VOLUNTARILY COME TOGETHER TO COOPERATIVELY MANAGE ANNUAL ALLOCATIONS OF FISH. ITS MEMBERS AGREE TO FISH WITHIN SUSTAINABLE LIMITS AND TO STOP FISHING ONCE QUOTAS HAVE BEEN MET, THEREBY, PROTECTING FISH POPULATIONS FOR FUTURE GENERATIONS. THE FEDERAL GOVERNMENT (I.E. NATIONAL MARINE FISHERIES SERVICE) HAS AGREED TO PROVIDE THESE QUOTAS TO THE SECTOR, WHICH INCLUDES FISHERMEN WHO HAVE DEVELOPED AND INCORPORATED THEIR ORGANIZATION IN COMPLIANCE WITH STATE AND FEDERAL TAX REQUIREMENTS.

FORM 990, PAGE 6, PART VI, LINE 6

THE ORGANIZATION HAS MEMBERS THAT ASSIST IN CARRYING OUT THE MISSION OF THE ORGANIZATION.

FORM 990, PAGE 6, PART VI, LINE 7A

SECTOR MEMBERS VOTE TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS.

FORM 990, PAGE 6, PART VI, LINE 7B

IN ACCORDANCE WITH ITS BYLAWS, A MEMBERSHIP MAJORITY ELECTS MEMBERS TO THE BOARD OF DIRECTORS AT ITS ANNUAL MEMBERSHIP MEETING. BYLAW CHANGES AND/OR SUBSTANTIAL CHANGES TO SECTOR POLICY REQUIRE A VOTE BY THE SECTOR MEMBERSHIP.

FORM 990, PAGE 6, PART VI, LINE 8B

THERE ARE NO COMMITTEES IN THE FIXED GEAR SECTOR.

FORM 990, PAGE 6, PART VI, LINE 11B

THE SECTOR MANAGER MAKES THE FORM 990 AVAILABLE AT A MEETING OF THE SECTOR'S BOARD OF DIRECTORS, AND ANSWERS ANY QUESTIONS. ANY DISCUSSION IS CAPTURED IN THE BOARD MEETING MINUTES. THE SECTOR PRESIDENT SIGNS THE DOCUMENT.

FORM 990, PAGE 6, PART VI, LINE 12C

THE POLICY IS COMPLETED BY THE SECTOR MANAGER. THE POLICY IS OCCASIONALLY UPDATED AT THE ADVICE OF LEGAL COUNCIL. ALL NEW BOD MEMBERS FILL OUT THE CONFLICT OF INTEREST STATEMENT. ONCE A YEAR, THE BOD MEMBERS ARE ASKED TO UPDATE THEIR STATEMENTS, USUALLY AROUND THE ANNUAL BOD MEETING. IN TERMS OF ENFORCING THE COI POLICY, IT IS SELF POLICING UNLESS OTHERS KNOW OF THE CONFLICT AND BRING IT TO THE ATTENTION OF THE EXECUTIVES. BOARD MEMBERS MAY ABSTAIN FROM A VOTE IF THEY FEEL THEY HAVE A CONFLICT OF INTEREST, WHETHER IT IS IN THE STATEMENT OR NOT.

FORM 990, PAGE 6, PART VI, LINE 19

GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.

FORM 990, PART IX, LINE 11G

FISHERMEN'S ALLIANCE CONTRACT 31,100 0 0 ARCHIPELAGO MARINE RESEARCH 134,763 0 0 CONSULTING 14,544 0 0 TOTAL 180,407 0 0

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2016

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