Spaulding Wooden Boat Center
- Assets
- $1.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 14
- Location
- Sausalito, CA
- Founding
- 01/2004
- Data as of
- 12/2021
- EIN
- 75-3079357
Organization Overview
Spaulding Wooden Boat Center is located in Sausalito, CA. The organization was established in 2004. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Spaulding Wooden Boat Center employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spaulding Wooden Boat Center 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 12/2021, Spaulding Wooden Boat Center generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 13.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A GATEWAY TO WOODEN BOAT CONSTRUCTION, TRADITIONS, AND SEAMANSHIP FOR PEOPLE OF ALL WALKS OF LIFE.
Describe the Organization's Program Activity:
OPERATION OF HISTORIC BOAT BUILDING FACILITY, MAINTAINING THE SKILLS TO REPAIR AND BUILD BOATS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Miller Board Chair | OfficerTrustee | 2 | $0 |
Linda Swanson Secretary | OfficerTrustee | 2 | $0 |
Bill Edinger President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,968 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,968 |
| Total Program Service Revenue | $717,483 |
| Investment income | $1,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,628 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $57,288 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,084,800 |
| 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 | $428,804 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,728 |
| Payroll taxes | $40,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,633 |
| Fees for services: Accounting | $23,083 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,600 |
| Advertising and promotion | $10,747 |
| Office expenses | $1,953 |
| Information technology | $6,751 |
| Royalties | $0 |
| Occupancy | $7,000 |
| Travel | $1,036 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,884 |
| Insurance | $84,883 |
| All other expenses | $63,339 |
| Total functional expenses | $1,092,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326 |
| Savings and temporary cash investments | $310,108 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114,989 |
| 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 | $5,009 |
| Net Land, buildings, and equipment | $1,174,506 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $378 |
| Total assets | $1,605,316 |
| Accounts payable and accrued expenses | $189,237 |
| 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 | $24,346 |
| Total liabilities | $213,583 |
| Net assets without donor restrictions | $1,391,733 |
| 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 | $1,605,316 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Spaulding Wooden Boat Center has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Sausalito Rotary Educational Scholarship Fund Sausalito, CA PURPOSE: APPRENTICESHIP PROGRAMS TO LEARN SHIPWRIGHT TRADE | $2,500 |
Coastal Barrier Island Foundation Stockton, CA PURPOSE: GENERAL SUPPORT | $1,000 |
Coastal Barrier Island Foundation Stockton, CA PURPOSE: GENERAL SUPPORT | $1,000 |
Coastal Barrier Island Foundation Stockton, CA PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Autry Museum Of The American West Los Angeles, CA | $221,261,500 | $7,406,490 |
Computer History Museum Mountain View, CA | $71,401,475 | $10,596,016 |
Bishop Museum Honolulu, HI | $80,582,452 | $14,106,624 |
Foundation Of The American Academy Of Ophthalmology San Francisco, CA | $169,457,779 | $13,944,505 |
Walt Disney Family Museum San Francisco, CA | $56,560,090 | $13,004,601 |
Contemporary Jewish Museum San Francisco, CA | $89,973,935 | $6,215,554 |
Wjo Foundation Los Angeles, CA | $40,838,683 | $19,917,813 |
Council On American-Islamic Relations California Anaheim, CA | $15,557,872 | $7,778,802 |
Pacific Battleship Center San Pedro, CA | $7,123,238 | $6,518,959 |
Swc Museum Corp Los Angeles, CA | $185,291,567 | $7,296,634 |
Eames Institute Petaluma, CA | $18,964,312 | $22,211,223 |
Palm Springs Air Museum Inc Palm Springs, CA | $20,548,882 | $5,160,584 |