Ferry Cove Shellfish Inc.

Ferry Cove Shellfish Inc. is a nonprofit organization focused on the aquaculture industry, specifically on the cultivation and production of oyster larvae and seed stock. It is designated under the National Taxonomy of Exempt Entities (NTEE) for animal-related and fisheries resources purposes.

Mission and Operations

Located on the Eastern Shore of Maryland along the Chesapeake Bay, Ferry Cove Shellfish operates as one of the most advanced oyster hatcheries in the country. Its mission extends beyond producing high-quality shellfish larvae and seed for commercial fishing and aquaculture industries. The organization aims to support the cultural history of the watermen community, promote sustainable aquaculture practices, and contribute to the economic future of local seafood industries through applied research and education.

Ferry Cove Shellfish employs cutting-edge technology to simulate natural spawning conditions, extending the breeding season and maximizing production efficiency. This approach allows the hatchery to produce a significant volume of oyster larvae, which is crucial to meeting the demand in the market and supporting the growth of the oyster industry.

Nonprofit Status and Financials

As a nonprofit, Ferry Cove Shellfish Inc. operates under the leadership of its President and CEO, Stephan Abel. The organization's financial structure includes revenue streams primarily from contributions and program services. In recent years, it has reported significant financial activity, with contributions and program services being major sources of income. The organization's financial reports are annually submitted to the relevant authorities.

Ferry Cove Shellfish Inc. is registered with the Employer Identification Number (EIN) 844611271. Donations to this organization are tax-deductible.

Vision and Impact

The organization's vision encompasses not only the production of shellfish but also the integration of commerce, natural resource protection, education, and research to address coastal resilience issues. By fostering partnerships and supporting research, Ferry Cove Shellfish aims to enhance the economic vitality of the local seafood industry while preserving the environmental and cultural heritage of the region. Its operations are expected to have a positive economic impact by generating additional business opportunities for growers, packing houses, and related services.

History

Ferry Cove Shellfish began operations in recent years, marking a significant entry into the U.S. aquaculture sector. The facility is designed to be both technologically advanced and environmentally sustainable, setting a new standard for hatcheries in the region.

Key Personnel

• Stephan Abel: President and CEO, leads the strategic direction and daily operations of the organization.

External Links

The organization is covered under various industry reports and financial databases, providing insights into its activities and financial status.