Gig Harbor Boatshop
- Assets
- $529.2k
- Revenue
- $92.7k
- Investments
- $0.0
- Employees
- 14
- Location
- Gig Harbor, WA
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 20-5014377
Organization Overview
Gig Harbor Boatshop is located in Gig Harbor, WA. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Gig Harbor Boatshop employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gig Harbor Boatshop is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Gig Harbor Boatshop generated $92.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $159.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVING THE HISTORIC EDDON BOATYARD AND ITS TRADITIONAL USES TO PERPETURATE AND BUILD AWARENESS OF THE CULTURAL LIVELIHOODS ON GIG HARBOR'S WORKING WATERFRONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE AWARENESS OF THE WORKING WATERFRONT, ITS HISTORIC USE AND CONTEMPORARY FUNCTIONS, WHILE PROVIDING PROGRAM OPPORTUNITIES FOR THE COMMUNITY TO DEVELOP BOATBUILDING, BOAT REPAIR, AND BOAT-USE SKILLS AND BY ENHANCING COMMUNITY KNOWLEDGE OF THE KEY OCCUPATIONS THAT INFLUENCED THE SETTLEMENT, ARCHITECTURE, AND FUNCTION OF THE GIG HARBOR WATERFRONT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guy Hoppen President | OfficerTrustee | 2 | $0 |
Erik Carlson Vice President | OfficerTrustee | 2 | $0 |
John Mcmillan Treasurer | OfficerTrustee | 2 | $0 |
Jaime Storkman Secretary | OfficerTrustee | 2 | $0 |
Reid Ekberg Board Member | Trustee | 2 | $0 |
Michael Perrow Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,550 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,590 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,295 |
| Noncash contributions included in lines 1a–1f | $338 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,435 |
| Total Program Service Revenue | $26,797 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$537 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $92,695 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,534 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21 |
| Payroll taxes | $8,987 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,262 |
| Advertising and promotion | $4,023 |
| Office expenses | $2,966 |
| Information technology | $2,668 |
| Royalties | $0 |
| Occupancy | $7,460 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $196 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,556 |
| Insurance | $12,322 |
| All other expenses | $0 |
| Total functional expenses | $159,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,059 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,823 |
| Net Land, buildings, and equipment | $439,570 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,486 |
| Total assets | $529,188 |
| Accounts payable and accrued expenses | $531 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,130 |
| Total liabilities | $15,661 |
| Net assets without donor restrictions | $513,527 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $529,188 |