Nonprofit · EIN 91-1246282
THE HYDROPLANE AND RACEBOAT MUSEUM
Tax-exempt · KENT, WA 98032
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $526,712 | $563,714 | -$37,002 | $3,160,369 | $537,332 | $2,623,037 |
| December 31, 2023 | 990 | $1,026,385 | $544,494 | $481,891 | $3,216,171 | $556,132 | $2,660,039 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $356,014
- Membership dues
- $74,371
- Program service revenue
- $104,991
- Investment income
- $5
- Net rental income
- $1
- Net income from fundraising events
- $37,347
- Net income from sales of inventory
- $28,354
- Other revenue
- $65,702
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $66,000
- Other salaries and wages
- $69,651
- Salaries, compensation and benefits (total)
- $152,568
- Professional fundraising fees
- $0
- Occupancy
- $183,438
- Travel
- $515
- Depreciation
- $6,264
- Program services (functional)
- $462,247
- Management and general (functional)
- $33,818
- Fundraising (functional)
- $67,649
Balance sheet and other
- Total assets, start of year
- $3,216,171
- Total assets, end of year
- $3,160,369
- Total liabilities, end of year
- $537,332
- Net assets, end of year
- $2,623,037
- Land, buildings and equipment
- $5,465
- Net assets without donor restrictions
- $2,623,037
- Gross unrelated business income
- $104,992
- Gross receipts
- $690,216
- Employees
- 5
- Volunteers
- 75
- Year formed
- 1983
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID WILLIAMS | EXECUTIVE DIRECTOR | 40 | $66,000 |
| BRAD HASKIN | Director Trustee or director | 1 | $0 |
| DR KENNETH MUSCATEL | Director Trustee or director | 1 | $0 |
| JOHN MACDONALD | Director Trustee or director | 1 | $0 |
| PATRICK GLEASON | Director Trustee or director | 1 | $0 |
| GARY HANSEN | President Trustee or director | 1 | $0 |
| KATHY MCLEMORE | Director Trustee or director | 1 | $0 |
| JOHN MACDONALD | Director Trustee or director | 1 | $0 |
| JIM SIMMONS | Director Trustee or director | 1 | $0 |
| SHAUN KELSON | Director Trustee or director | 1 | $0 |
| BOB SENIOR | Director Trustee or director | 1 | $0 |
| DANE SORENSEN | Director Trustee or director | 1 | $0 |
| IKE KIELGASS | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID WILLIAMS | EXECUTIVE DIRECTOR | 40 | $66,000 |
| BRAD HASKIN | Director Trustee or director | 1 | $0 |
| DR KENNETH MUSCATEL | Director Trustee or director | 1 | $0 |
| DON MOCK | Vice President Trustee or director | 1 | $0 |
| PATRICK GLEASON | Director Trustee or director | 1 | $0 |
| GARY HANSEN | President Trustee or director | 1 | $0 |
| KATHY MCLEMORE | Director Trustee or director | 1 | $0 |
| JOHN MACDONALD | Director Trustee or director | 1 | $0 |
| JIM SIMMONS | Director Trustee or director | 1 | $0 |
| BOB SENIOR | Director Trustee or director | 1 | $0 |
| IKE KIELGASS | Director Trustee or director | 1 | $0 |
| RICK LENTZ | Secretary Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5917 S 196TH ST, KENT, WA 98032-2132
- Signed the 990
- David Williams, Executive Director
- Phone
- (206) 764-9453
- Website
- WWW.THUNDERBOATS.ORG
- Return prepared by
- Jones and Associates CPAs LLC
Mission
PRESERVATION OF THE HISTORY OF BOAT RACING AND THE EDUCATION OF THE PUBLIC.
Program accomplishments
- MAINTENANCE OF MUSEUM FACILITY TO PRESERVE AND HOUSE HISTORICAL ITEMS FOR THE PUBLIC TO ENJOY.Expenses $439,135
- FUNDING OF A YOUTH PROGRAM WHERE TEENAGERS AND ADULTS PARTICIPATE IN REBUILDING VINTAGE HYDROPLANES. APPROXIMATELY 13 TEENS AND 27 ADULTS PARTICIPATED.Expenses $23,112
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 91-1246282
- 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
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A500)
- Assets (IRS master file)
- $3,160,369
- Income (IRS master file)
- $690,216
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $526,712 | $563,714 | $3,160,369 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,026,385 | $544,494 | $3,216,171 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $538,775 | $515,024 | $2,760,598 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 91-1246282).
Questions about THE HYDROPLANE AND RACEBOAT MUSEUM
- What is the EIN of THE HYDROPLANE AND RACEBOAT MUSEUM?
- The employer identification number (EIN) of THE HYDROPLANE AND RACEBOAT MUSEUM is 91-1246282.
- Is THE HYDROPLANE AND RACEBOAT MUSEUM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to THE HYDROPLANE AND RACEBOAT MUSEUM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE HYDROPLANE AND RACEBOAT MUSEUM 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 THE HYDROPLANE AND RACEBOAT MUSEUM 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 THE HYDROPLANE AND RACEBOAT MUSEUM last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of THE HYDROPLANE AND RACEBOAT MUSEUM?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $66,000 (DAVID WILLIAMS, EXECUTIVE DIRECTOR).
- How much revenue does THE HYDROPLANE AND RACEBOAT MUSEUM have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $526,712, expenses of $563,714 and total assets of $3,160,369 at year end.
Other nonprofits in KENT
- AFGHAN AMERICAN COMMUNITY OF WASHINGTON EIN 83-2430967 · last filed 990 for 2024
- GREATER KENT HISTORICAL SOCIETY EIN 94-3192767 · last filed 990 for 2025
- CULTURE GENERATION EIN 93-1754593 · last filed 990 for 2025
- WIDE WORLD FOR REFUGEE EIN 87-3024480 · last filed 990-EZ for 2026
- BRAZIL CENTER EIN 04-3785890 · last filed 990-EZ for 2025
- GLOBAL ORGANIZATION FOR ARTS AND LEADERSHIP EIN 46-5474174 · last filed 990 for 2025
- KENT INTERNATIONAL FESTIVAL EIN 83-2641455 · last filed 990-EZ for 2025
- KENT GRAND ORGAN EIN 81-4490476 · last filed 990-EZ for 2026
All nonprofits in KENT · Washington · Arts, culture and humanities