Association For The Preservation Of The Presidential Yacht Potomac
- Assets
- $1.7m
- Revenue
- $395.7k
- Investments
- $0.0
- Employees
- 15
- Location
- Oakland, CA
- Founding
- 12/1983
- Data as of
- 12/2021
- EIN
- 93-0830589
Organization Overview
Association For The Preservation Of The Presidential Yacht Potomac is located in Oakland, CA. The organization was established in 1983. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Association For The Preservation Of The Presidential Yacht Potomac employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For The Preservation Of The Presidential Yacht Potomac 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, Association For The Preservation Of The Presidential Yacht Potomac generated $395.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $361.9k during the year ending 12/2021. 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
PRESERVATION OF THE USS POTOMAC AND EDUCATION ABOUT THE ROOSEVELT ERA.
Describe the Organization's Program Activity:
PRESERVATION OF THE PRESIDENTIAL YACHT POTOMAC. MAKING THE YACHT AVAILABLE FOR EDUCATIONAL PURPOSES (PRESIDENT ROOSEVELT YEARS), SCENIC TOURS, DOCENT GUIDED TOURS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla Betts 1st VP | OfficerTrustee | 1 | $0 |
Tom Burst CFO | OfficerTrustee | 1 | $0 |
H Wayne Goodroe Secretary | OfficerTrustee | 1 | $0 |
Michael A Roosevelt Chairman | OfficerTrustee | 2 | $0 |
Dennis Rayer 2nd VP | OfficerTrustee | 2 | $0 |
Steven Hanson President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,355 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,974 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $443,329 |
| Total Program Service Revenue | $1,500 |
| Investment income | $549 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$47,648 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,307 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $250 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $395,673 |
| 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 | $27,287 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,059 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $880 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,659 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,422 |
| Insurance | $0 |
| All other expenses | $2,330 |
| Total functional expenses | $361,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,450,332 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,081 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $188,986 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,305 |
| Total assets | $1,653,704 |
| Accounts payable and accrued expenses | $3,373 |
| 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 | $1,205,474 |
| Total liabilities | $1,208,847 |
| Net assets without donor restrictions | $444,857 |
| 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 | $1,653,704 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Association For The Preservation Of The Presidential Yacht Potomac has recieved totaling $13,565.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $8,500 |
Westphal Family Foundation Concord, CA PURPOSE: PRESERVATION OF THE PRESIDENTIAL YACHT POTOMAC | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $65 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Hot Rod Association San Dimas, CA | $60,527,116 | $84,074,162 |
The Exploratorium San Francisco, CA | $264,783,310 | $48,557,720 |
Oakland Museum Of California Oakland, CA | $69,568,610 | $21,712,450 |
Uss Midway Museum San Diego, CA | $89,557,357 | $9,957,373 |
Lucas Museum Of Narrative Art Los Angeles, CA | $1,047,180,873 | $200,315,657 |
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
Operation Underground Railroad Inc Anaheim, CA | $68,076,312 | $47,549,013 |
Discovery Science Center Of Orange County Santa Ana, CA | $60,809,996 | $26,194,294 |
Grammy Museum Foundation Inc Los Angeles, CA | $19,726,049 | $9,757,476 |
Japanese American National Museum Los Angeles, CA | $64,155,556 | $8,326,332 |
Mingei International Inc San Diego, CA | $66,923,986 | $7,226,145 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |