Wooden Boats For Veterans
- Assets
- $94.4k
- Revenue
- $389.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Sausalito, CA
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-4194065
Organization Overview
Wooden Boats For Veterans is located in Sausalito, CA. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wooden Boats For Veterans 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, Wooden Boats For Veterans generated $389.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 35.9% each year . All expenses for the organization totaled $471.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SAILING TRIPS TO VETERANS ABOARD VALIANT, A 45' SLOOP BASED IN SAUSALITO, CALIFORNIA.
RESTORATION OF CLOVER, A 68' SAILING VESSEL, FOR FUTURE OPERATION IN VETERANS' SUPPORT AND AWARENESS ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Mulcahy Director | 12 | $0 | |
Terence B Moran President | 20 | $0 | |
John Withers Director | 16 | $0 | |
Peter Engler Director | 4 | $0 | |
Peter Cross Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $389,352 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $389,352 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,178 |
| Printing and publications | $0 |
| Other expenses | $463,680 |
| Total operating and administrative expenses | $471,508 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $471,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,449 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $56,000 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $94,449 |
| Accounts payable and accrued expenses | $67,990 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $285,000 |
| Other liabilities | $0 |
| Total liabilities | $352,990 |