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Nonprofiteer
← CENTER FOR WOODEN BOATS

Form 990 for tax year 2022

Filed by CENTER FOR WOODEN BOATS.

Totals

Total revenue
$1,818,982
Total expenses
$1,780,787
Contributions and grants received
$711,197
Grants paid
$22,592
Program service revenue
$1,043,256
Investment income
-$3,325
Other revenue
$67,854
Total assets, end of year
$8,460,046
Total liabilities, end of year
$643,275
Net assets or fund balances, end of year
$7,816,771
Program services expenses (Part IX)
$1,161,524
Management and general expenses
$431,052
Fundraising expenses
$188,211
Program service expenses (Part III)
$1,161,524

Program services were 65.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $71,900

  • 1c · Fundraising events

    $110,256

  • 1e · Government grants (contributions)

    $164,924

  • 1f · All other contributions, gifts and grants

    $364,117

  • 1g · Noncash contributions included above

    $125,217

  • 2a · Program service revenue: SERVICE FEES

    total $1,043,256 · related or exempt $1,043,256

  • 3 · Investment income

    total $1,045 · excluded $1,045

  • 7a · Gross sales of assets other than inventory

    other assets $10,000

  • 7b · Less cost or other basis and sales expenses

    other assets $14,370

  • 7c · Gain or loss

    other assets -$4,370

  • 7d · Net gain or loss

    total -$4,370 · excluded -$4,370

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $110,256

  • 8b · Fundraising events: direct expenses

    $7,002

  • 8c · Net income from fundraising events

    total -$7,002 · excluded -$7,002

  • 10a · Gross sales of inventory

    $79,078

  • 10b · Cost of goods sold

    $17,099

  • 10c · Net income from sales of inventory

    total $61,979 · excluded $61,979

  • 11a · Other revenue: MISCELLANEOUS

    total $12,877 · excluded $12,877

  • 11e · Other revenue, total

    $12,877

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $22,592 · program services $22,592

  • 5 · Compensation of officers, directors and key employees

    total $190,000 · management and general $190,000

  • 7 · Other salaries and wages

    total $540,419 · program services $393,659 · management and general $24,997 · fundraising $121,763

  • 9 · Other employee benefits

    total $65,436 · program services $35,740 · management and general $19,622 · fundraising $10,074

  • 10 · Payroll taxes

    total $87,081 · program services $47,562 · management and general $26,113 · fundraising $13,406

  • 11c · Fees: accounting

    total $11,500 · management and general $11,500

  • 11g · Fees: other

    total $141,525 · program services $61,056 · management and general $79,669 · fundraising $800

  • 12 · Advertising and promotion

    total $5,726 · program services $5,726

  • 13 · Office expenses

    total $79,330 · program services $63,463 · management and general $10,312 · fundraising $5,555

  • 14 · Information technology

    total $43,641 · program services $34,913 · management and general $5,673 · fundraising $3,055

  • 16 · Occupancy

    total $24,237 · program services $19,718 · management and general $2,794 · fundraising $1,725

  • 20 · Interest

    total $16,416 · program services $13,133 · management and general $2,134 · fundraising $1,149

  • 22 · Depreciation, depletion and amortization

    total $286,777 · program services $229,422 · management and general $37,281 · fundraising $20,074

  • 23 · Insurance

    total $99,771 · program services $90,686 · management and general $6,814 · fundraising $2,271

  • 24a · Other expenses: MATERIALS AND SUPPLIES

    total $139,792 · program services $128,509 · management and general $10,163 · fundraising $1,120

  • 24b · Other expenses: FOOD AND BEVERAGE

    total $7,362 · management and general $1,486 · fundraising $5,876

  • 24e · All other expenses

    total $19,182 · program services $15,345 · management and general $2,494 · fundraising $1,343

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $151,825 · end of year $262,185

  • 2 · Savings and temporary cash investments

    beginning of year $977,076 · end of year $914,867

  • 4 · Accounts receivable

    beginning of year $10,567 · end of year $2,236

  • 8 · Inventories for sale or use

    beginning of year $154,329 · end of year $233,765

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,852 · end of year $19,554

  • 10a · Land, buildings and equipment: cost or other basis

    $8,248,091

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,926,627

  • 10c · Land, buildings and equipment, net

    beginning of year $6,422,910 · end of year $6,321,464

  • 15 · Other assets

    beginning of year $740,224 · end of year $705,975

  • 17 · Accounts payable and accrued expenses

    beginning of year $59,196 · end of year $51,254

  • 19 · Deferred revenue

    beginning of year $92,363 · end of year $34,441

  • 23 · Secured mortgages and notes payable

    beginning of year $499,777 · end of year $484,453

  • 25 · Other liabilities

    beginning of year $54,871 · end of year $73,127

  • 27 · Net assets without donor restrictions

    beginning of year $7,324,077 · end of year $7,432,208

  • 28 · Net assets with donor restrictions

    beginning of year $454,499 · end of year $384,563

Mission and programs · 2022

Mission

THE CENTER FOR WOODEN BOATS PROMOTES NORTHWEST MARITIME HERITAGE THROUGH EDUCATION, INTERPRETATION AND HANDS-ON EXPERIENCE IN BUILDING, MAINTAINING AND USING HISTORIC SMALL CRAFT.

Activities or mission (Part I)

PROMOTES NORTHWEST MARITIME HERITAGE THROUGH EDUCATION, INTERPRETATION AND HANDS-ON EXPERIENCE.

  • YOUTH SAILING AND BOATBUILDING INCLUDING SAILING LESSONS, SUMMER CAMPS AND WOODWORKING CAMPS, SCHOLARSHIPS IN THE AMOUNT OF $22,592 WERE AWARDED TO 111 UNDERSERVED YOUTH. OVER 500 YOUTH ATTENDED SAILING LESSONS, WORKSHOPS AND CAMPS DURING THE SUMMER SEASON OF 2022.

    Expenses $306,607 · Grants $22,592 · Revenue $265,795

  • SLU LIVERY, PROVIDING HANDS ON EXPERIENCE IN HISTORIC CRAFT AND WOODEN BOAT CULTURE, INCLUDING BOAT RENTALS AND ASSISTANCE TO ALL SAILNG PROGRAMS. OVER 8,620 PEOPLE RENTED BOATS AT SLU IN 2022 INCLUDING FREE SUNDAY ROWBOAT RENTALS (REPLACING PUBLIC SAIL DUE TO PANDEMIC RESTRICTIONS). OVER 2,630 PEOPLE TOOK A FREE ROWBOAT CRUISE AT CWB IN 2022.

    Expenses $268,581 · Revenue $155,530

  • ADULT & FAMILY SAILING INCLUDING SAILING LESSONS, RACING PROGRAMS, EDUCATIONAL WORKSHOPS, CAPTAINS CLASSES (ACCREDITED BY THE US SAILING ASSOCIATION) AND CHARTER CRUISES ON LAKE UNION. OVER 1,850 PEOPLE PARTICIPATED IN THESE PROGRAMS IN 2022.

    Expenses $200,045 · Revenue $297,540

  • WORKSHOPS, GIFT SHOP, BOATS FOR SALE, WHARF, FACILITY RENTALS

    Expenses $386,291 · Revenue $324,391

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Clay Gustaves

    PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • Rachel Gibbs

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Rian Merrill

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Marty Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Elsie Hulsizer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Johnny Ohta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Emil Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Randolph Urstrom

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Diane Lander

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Walter Plimpton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rob Corser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ned Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John L Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kate Suski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Garcia

    DIRECTOR OF BUSINESS MANAGEMENT

    Total calculated
    $92,360
    From this org
    $80,000
    From related orgs
    $0
    Other
    $12,360
    Hours/week
    45

  • Joshua C Anderson

    EXECUTIVE DIRECTOR

    Total calculated
    $117,560
    From this org
    $110,000
    From related orgs
    $0
    Other
    $7,560
    Hours/week
    45

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
29 September 2023
IRS schema version
2022v5.0
Source object
202342729349300044

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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