Center For Wooden Boats

Organization Overview

Center For Wooden Boats is located in Seattle, WA. The organization was established in 1979. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Center For Wooden Boats employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Wooden Boats 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, Center For Wooden Boats generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTES NORTHWEST MARITIME HERITAGE THROUGH EDUCATION, INTERPRETATION AND HANDS-ON EXPERIENCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

YOUTH SAILING AND BOATBUILDING INCLUDING SAILING LESSONS, SUMMER CAMPS AND WOODWORKING CAMPS, SCHOLARSHIPS IN THE AMOUNT OF $22,592 WERE AWARDED TO 111 UNDERSERVED YOUTH. OVER 500 YOUTH ATTENDED SAILING LESSONS, WORKSHOPS AND CAMPS DURING THE SUMMER SEASON OF 2022.


WORKSHOPS, GIFT SHOP, BOATS FOR SALE, WHARF, FACILITY RENTALS


SLU LIVERY, PROVIDING HANDS ON EXPERIENCE IN HISTORIC CRAFT AND WOODEN BOAT CULTURE, INCLUDING BOAT RENTALS AND ASSISTANCE TO ALL SAILNG PROGRAMS. OVER 8,620 PEOPLE RENTED BOATS AT SLU IN 2022 INCLUDING FREE SUNDAY ROWBOAT RENTALS (REPLACING PUBLIC SAIL DUE TO PANDEMIC RESTRICTIONS). OVER 2,630 PEOPLE TOOK A FREE ROWBOAT CRUISE AT CWB IN 2022.


ADULT & FAMILY SAILING INCLUDING SAILING LESSONS, RACING PROGRAMS, EDUCATIONAL WORKSHOPS, CAPTAINS CLASSES (ACCREDITED BY THE US SAILING ASSOCIATION) AND CHARTER CRUISES ON LAKE UNION. OVER 1,850 PEOPLE PARTICIPATED IN THESE PROGRAMS IN 2022.


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Board, Officers & Key Employees

Name (title)Compensation
Clay Gustaves
President
$0
Rachel Gibbs
Vice President
$0
Rian Merrill
Treasurer
$0
Marty Johnson
Secretary
$0
Elsie Hulsizer
Board Member
$0
Johnny Ohta
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Schuchart Corporation
Commercial Builder
$167,998
Alpine Welding And Equipment
Commercial Builder
$108,791
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$71,900
Fundraising events$110,256
Related organizations$0
Government grants $164,924
All other contributions, gifts, grants, and similar amounts not included above$364,117
Noncash contributions included in lines 1a–1f $125,217
Total Revenue from Contributions, Gifts, Grants & Similar$711,197
Total Program Service Revenue$1,043,256
Investment income $1,045
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$4,370
Net Income from Fundraising Events -$7,002
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $61,979
Miscellaneous Revenue$0
Total Revenue $1,818,982

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