Gig Harbor Downtown Waterfront Alliance
- Assets
- $326.9k
- Revenue
- $279.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Gig Harbor, WA
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 42-1754237
Organization Overview
Gig Harbor Downtown Waterfront Alliance is located in Gig Harbor, WA. The organization was established in 2008. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Gig Harbor Downtown Waterfront Alliance employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gig Harbor Downtown Waterfront Alliance 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 Downtown Waterfront Alliance generated $279.1k 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 (3.5%) each year. All expenses for the organization totaled $223.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.5%) 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
THE MISSION OF THE GIG HARBOR HISTORIC WATERFRONT ASSOCIATION IS TO BRING TOGETHER COMMUNITY AND WATERFRONT DISTRICT STAKEHOLDERS IN ORDER TO ENCOURAGE ECONOMIC VITALITY AND TO PRESERVE THE HISTORIC CHARACTER AND QUALITY OF THE AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOURCE OF INCOME WAS GIFTS AND GRANTS GIVEN THAT COVID CLOSED DOWN THE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary J Desmarais Executive Director | Trustee | 40 | $65,459 |
Allyn Sherwin Executive | Trustee | 40 | $42,702 |
Heidi Gerling Executive | Trustee | 40 | $42,600 |
Bob Larson Board Member | OfficerTrustee | 1 | $0 |
Mary Gorman Vice President | Officer | 10 | $0 |
Chuck Cuzzetto President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,380 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,596 |
| All other contributions, gifts, grants, and similar amounts not included above | $187,915 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,891 |
| Total Program Service Revenue | $0 |
| Investment income | $2,236 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $279,127 |
| 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. | $150,761 |
| Compensation of current officers, directors, key employees. | $150,761 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,380 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $869 |
| Office expenses | $0 |
| Information technology | $2,520 |
| Royalties | $0 |
| Occupancy | $11,742 |
| Travel | $1,681 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110 |
| Insurance | $2,623 |
| All other expenses | $23,751 |
| Total functional expenses | $223,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $323,844 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,821 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,229 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $326,894 |
| 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 | $1,091 |
| Total liabilities | $1,091 |
| Net assets without donor restrictions | $0 |
| 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 | $325,803 |
| Total liabilities and net assets/fund balances | $326,894 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gig Harbor Downtown Waterfront Alliance has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Historical Society Portland, OR | $38,558,644 | $10,926,580 |
Vancouver National Historic Reserve Trust Vancouver, WA | $17,541,647 | $5,593,257 |
Town Hall Association Seattle, WA | $37,283,818 | $2,376,383 |
Bainbridge Island Parks Foundation Bainbridge Island, WA | $1,105,901 | $2,122,063 |
Americas Automotive Trust Tacoma, WA | $1,289,541 | $2,292,379 |
St Paul Rodeo Association St Paul, OR | $6,514,474 | $3,236,482 |
Port Gamble Sklallam Foundation Kingston, WA | $1,102,346 | $1,377,706 |
Oregon Coast Scenic Railroad Tillamook, OR | $1,129,218 | $971,689 |
Washington Trust For Historic Preservation Seattle, WA | $3,069,845 | $1,738,870 |
Benton County Historical Society Philomath, OR | $16,341,188 | $890,855 |
Russian Orthodox Sacred Sites In Alaska Inc Anchorage, AK | $187,862 | $549,522 |
Behind The Badge Foundation Redmond, WA | $3,969,030 | $799,821 |