Gig Harbor Boatshop
- Assets
- $585.4k
- Revenue
- $238.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Gig Harbor, WA
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 20-5014377
Organization Overview
Gig Harbor Boatshop is located in Gig Harbor, WA. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Gig Harbor Boatshop employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gig Harbor Boatshop 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, Gig Harbor Boatshop generated $238.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $169.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVING THE HISTORIC EDDON BOATYARD AND ITS TRADITIONAL USES TO PERPETURATE AND BUILD AWARENESS OF THE CULTURAL LIVELIHOODS ON GIG HARBOR'S WORKING WATERFRONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE AWARENESS OF THE WORKING WATERFRONT, ITS HISTORIC USE AND CONTEMPORARY FUNCTIONS, WHILE PROVIDING PROGRAM OPPORTUNITIES FOR THE COMMUNITY TO DEVELOP BOATBUILDING, BOAT REPAIR, AND BOAT-USE SKILLS AND BY ENHANCING COMMUNITY KNOWLEDGE OF THE KEY OCCUPATIONS THAT INFLUENCED THE SETTLEMENT, ARCHITECTURE, AND FUNCTION OF THE GIG HARBOR WATERFRONT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Cooper Kleven Board Member | Trustee | 2 | $2,186 |
Guy Hoppen President | OfficerTrustee | 2 | $0 |
Erik Carlson Vice President | OfficerTrustee | 2 | $0 |
John Mcmillan Treasurer | OfficerTrustee | 2 | $0 |
Jaime Storkman Secretary | OfficerTrustee | 2 | $0 |
Reid Ekberg Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,925 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $98,798 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,650 |
| Noncash contributions included in lines 1a–1f | $15,058 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,373 |
| Total Program Service Revenue | $8,873 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$55 |
| Net Income from Fundraising Events | $7,842 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $238,033 |
| 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 | $60,284 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,879 |
| Advertising and promotion | $4,587 |
| Office expenses | $23,703 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,334 |
| Travel | $271 |
| 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 | $6,906 |
| Insurance | $15,375 |
| All other expenses | $1,062 |
| Total functional expenses | $169,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,111 |
| Savings and temporary cash investments | $5,131 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,820 |
| 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 | $2,171 |
| Net Land, buildings, and equipment | $207,368 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $296,791 |
| Total assets | $585,392 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,654 |
| Total liabilities | $4,654 |
| Net assets without donor restrictions | $580,738 |
| 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 | $585,392 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Gig Harbor Boatshop has recieved totaling $10,117.
| Awarding Organization | Amount |
|---|---|
Greater Tacoma Community Foundation Tacoma, WA PURPOSE: OPERATING SUPPORT | $10,000 |
Maria Altmann Family Foundation Calabasas, CA PURPOSE: PROGRAM ACTIVITIES | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Rasmuson Foundation Anchorage, AK | $851,377,242 | $102,826,089 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Intel Foundation Hillsboro, OR | $50,440,341 | $47,262 |
Roots And Wings Foundation Inc Seattle, WA | $315,937,030 | $249,888,695 |
Schultz Family Foundation Seattle, WA | $463,519,339 | $158,807,992 |
The Lemelson Foundation Portland, OR | $488,510,181 | $33,726,014 |
Norcliffe Foundation Seattle, WA | $18,121,640 | $25,144,033 |
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |