Overview

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Est.

1976

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

CAPE ANN COMMERCIAL FISHERMEN'S LOAN FUND INC is a nonprofit organization dedicated to providing business loans to individuals in the commercial fishing industry who are unable to secure traditional financing. Operating with a modest budget of $6.4K and generating total revenue of $3.8K in the 2025 filing year, the organization plays a vital role in supporting local fishermen. Currently, it does not have a website and does not rely on a single funder for 50% or more of its revenue.

Mission Statement

PROVIDE BUSINESS LOANS TO THOSE IN THE COMMERICAL FISHING INDUSTRY WHO ARE UNABLE TO OBTAIN TRADITIONAL FINANCING.
Revenues
$3.8K
Expenses
$6.4K
Net Income:
-$2.6K
Assets
$98.7K
Liabilities
$19.5K
Net Assets:
+$79.3K
Operating Budget
$6.4K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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A
Armand Aparo
Board Member
S
Scott Memhard
Board Member
R
Rochelle Genovese
Board Member

Frequently Asked Questions

What is CAPE ANN COMMERCIAL FISHERMEN'S LOAN FUND INC’s budget?
In 2025, CAPE ANN COMMERCIAL FISHERMEN'S LOAN FUND INC reported an annual operating budget of around $6,384. More detailed financial information is available to registered users.
Where does CAPE ANN COMMERCIAL FISHERMEN'S LOAN FUND INC operate?
CAPE ANN COMMERCIAL FISHERMEN'S LOAN FUND INC is headquartered in Gloucester, MA.