Spaulding Wooden Boat Center
- Assets
- $1.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 26
- Location
- Sausalito, CA
- Founding
- 01/2004
- Data as of
- 12/2022
- 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 12/2022, Spaulding Wooden Boat Center employed 26 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 12/2022, Spaulding Wooden Boat Center generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 12.7% per year over the past 8 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
2022
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 |
|---|---|---|---|
Bill Edinger President | OfficerTrustee | 2 | $0 |
Linda Swanson Secretary | OfficerTrustee | 2 | $0 |
Thomas Miller Board Chair | OfficerTrustee | 2 | $0 |
Heather Richard Board Member | Trustee | 2 | $0 |
Kevin Baldwin Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $254,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $344,246 |
| Total Program Service Revenue | $709,232 |
| Investment income | $165 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,953 |
| 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 | $40,943 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,127,539 |
| 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 | $511,992 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,904 |
| Payroll taxes | $51,169 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,300 |
| Fees for services: Accounting | $39,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,791 |
| Advertising and promotion | $12,046 |
| Office expenses | $10,358 |
| Information technology | $2,430 |
| Royalties | $0 |
| Occupancy | $6,900 |
| Travel | $1,351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $295 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,181 |
| Insurance | $109,551 |
| All other expenses | $74,075 |
| Total functional expenses | $1,208,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $588 |
| Savings and temporary cash investments | $298,817 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,513 |
| 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 | $39,743 |
| Net Land, buildings, and equipment | $1,136,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $378 |
| Total assets | $1,493,364 |
| Accounts payable and accrued expenses | $169,835 |
| 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 | $12,682 |
| Total liabilities | $182,517 |
| Net assets without donor restrictions | $1,310,847 |
| 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 | $1,493,364 |