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Nonprofit · EIN 91-1061721

CENTER FOR WOODEN BOATS

Tax-exempt · SEATTLE, WA 98109

Financials

$1.9M$2M2023$2.2M$2.3M2024
Revenue Expenses · by fiscal year end
Financials of CENTER FOR WOODEN BOATS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,219,851$2,268,825-$48,974$8,732,154$1,116,275$7,615,879
December 31, 2023990$1,895,231$1,984,759-$89,528$8,518,561$791,318$7,727,243
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,258,224
of which government grants
$276,795
Membership dues
$70,480
Program service revenue
$850,772
Investment income
$52,737
Net gain from sales of assets
$39,315
Net income from fundraising events
-$19,378
Net income from sales of inventory
$72,435
Other revenue
$58,118

Expenses

Grants and similar amounts paid
$22,880
Compensation of officers, directors and key employees
$232,864
Other salaries and wages
$825,404
Salaries, compensation and benefits (total)
$1,275,436
Professional fundraising fees
$0
Legal fees
$1,024
Accounting fees
$11,750
Occupancy
$79,153
Travel
$9,528
Depreciation
$290,591
Program services (functional)
$1,524,601
Management and general (functional)
$501,176
Fundraising (functional)
$243,048

Balance sheet and other

Total assets, start of year
$8,518,561
Total assets, end of year
$8,732,154
Total liabilities, end of year
$1,116,275
Net assets, end of year
$7,615,879
Land, buildings and equipment
$6,748,502
Publicly traded securities
$555,564
Net assets without donor restrictions
$7,138,724
Net assets with donor restrictions
$477,155
Gross receipts
$2,273,938
Employees
44
Volunteers
1,046
Year formed
1976
State of legal domicile
WA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Josh AndersonExecutive Dir.
Officer
40$129,792$9,005
Cheryl GarciaDir. of Mngmt.
Officer
40$89,584$4,213
Clay GustavesPresident
Trustee or director, Officer
6$0$0
Rachel GibbsVice President
Trustee or director, Officer
1$0$0
Marty JohnsonSecretary
Trustee or director, Officer
1$0$0
Rian MerrillTreasurer
Trustee or director, Officer
1$0$0
Elsie HulsizerDirector
Trustee or director
1$0$0
Johnny OhtaDirector
Trustee or director
1$0$0
Emil AndersonDirector
Trustee or director
1$0$0
Randolpj UrstromDirector
Trustee or director
1$0$0
Diane LanderDirector
Trustee or director
1$0$0
Walter PlimptonDirector
Trustee or director
1$0$0
Rod CorserDirector
Trustee or director
1$0$0
Ned JohnsonDirector
Trustee or director
1$0$0
Kate SuskiDirector
Trustee or director
1$0$0
2 more people on this return
NameTitleHours / weekCompensation
John L BrownDirector
Trustee or director
1$0
Keegan O'BrienDirector
Trustee or director
1$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensationOther / benefits
JOSHUA C ANDERSONEXECUTIVE DIRECTOR
Officer
40$125,000$8,917
CHERYL GARCIADIRECTOR OF BUSINESS MGMT
Officer
40$86,500$14,659
CLAY GUSTAVESPRESIDENT
Trustee or director, Officer
6$0$0
RACHEL GIBBSVICE PRESIDENT
Trustee or director, Officer
1$0$0
RIAN MERRILLTREASURER
Trustee or director, Officer
1$0$0
MARTY JOHNSONSECRETARY
Trustee or director, Officer
1$0$0
ELSIE HULSIZERBOARD MEMBER
Trustee or director
1$0$0
JOHNNY OHTABOARD MEMBER
Trustee or director
1$0$0
EMIL ANDERSONBOARD MEMBER
Trustee or director
1$0$0
RANDOLPH URSTROMBOARD MEMBER
Trustee or director
1$0$0
DIANE LANDERBOARD MEMBER
Trustee or director
1$0$0
WALTER PLIMPTONBOARD MEMBER
Trustee or director
1$0$0
ROB CORSERBOARD MEMBER
Trustee or director
1$0$0
NED JOHNSONBOARD MEMBER
Trustee or director
1$0$0
JOHN L BROWNBOARD MEMBER
Trustee or director
1$0$0
KATE SUSKIBOARD MEMBER
Trustee or director
1$0$0
KEEGAN O'BRIENBOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1010 VALLEY ST, SEATTLE, WA 98109-4444
In care of
% BRANDT FAATZ
Principal officer (990 for 2024)
Josh Anderson, 1010 Valley Street, Seattle, WA 98109
Signed the 990
Josh Anderson, Executive Dir.
Phone
(206) 382-2628
Return prepared by
JACOBSON LAWRENCE & ASSOCIATES PLLC

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.

990 for the year ended December 31, 2024

Program accomplishments

  • Workshops, Gift Shop, Museum Facility, Boats for Sale, Wharf, Facility Rentals.
    Expenses $493,118 · revenue $275,174
  • SLU Livery, providing hands on experience in historic craft and wooden boat culture, including boat rentals and assistance to all sailing programs. Over 2500 people rented boats at SLU 2024.
    Expenses $432,783 · revenue $241,506
  • Youth Sailing and Boatbuilding including Sailing Lessons, Summer Camps and Woodworking Camps, Scholarships in the amount of $ 22,800 were awarded to undeserved youth. Over 1,265 youth attended Field Trips, Sailing Lessons, Workshops and Camps during 2024.
    Expenses $402,107 · grants $22,880 · revenue $224,387
  • Adult & Family Sailing including Sailing Lessons, Free Sunday Rowboat Rentals, Summer Free Public Sails. Over 3,800 people participated in one of our free sailing programs in 2024.
    Expenses $196,593 · revenue $109,704

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
91-1061721
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1979
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$8,732,154
Income (IRS master file)
$2,273,938

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,219,851$2,268,825$8,732,154XML
990December 2023$1,895,231$1,984,759$8,518,561XML
990December 2022$1,818,982$1,780,787$8,460,046IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 91-1061721).

Questions about CENTER FOR WOODEN BOATS

What is the EIN of CENTER FOR WOODEN BOATS?
The employer identification number (EIN) of CENTER FOR WOODEN BOATS is 91-1061721.
Is CENTER FOR WOODEN BOATS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
Are donations to CENTER FOR WOODEN BOATS tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CENTER FOR WOODEN BOATS file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CENTER FOR WOODEN BOATS due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CENTER FOR WOODEN BOATS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CENTER FOR WOODEN BOATS?
The 990 for the year ended December 31, 2024 names Josh Anderson.
Who are the officers and directors of CENTER FOR WOODEN BOATS?
The 990 for the year ended December 31, 2024 lists 17 people; 2 received compensation from the organization, the highest $129,792 (Josh Anderson, Executive Dir.).
How much revenue does CENTER FOR WOODEN BOATS have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,219,851, expenses of $2,268,825 and total assets of $8,732,154 at year end.

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