Northwest Maritime Center
- Assets
- $21.1m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 88
- Location
- Port Townsend, WA
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 91-1931643
Organization Overview
Northwest Maritime Center is located in Port Townsend, WA. The organization was established in 1999. 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 12/2021, Northwest Maritime Center employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Maritime 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 12/2021, Northwest Maritime Center generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 7.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE AND EDUCATE PEOPLE OF ALL GENERATIONS IN TRADITIONAL AND CONTEMPORARY MARITIME LIFE, IN A SPIRIT OF ADVENTURE AND DISCOVERY. WE'RE MANY THINGS, AND AT OUR CORE WE ARE A CAMPUS THAT USES POWERFUL MARITIME EXPERIENCES TO EDUCATE, INSPIRE PEOPLE TO ADVENTURE, AND CELEBRATE OUR MARITIME CULTURE. WE DO IT FOR OUR OWN LOVE OF BOATS, IN SERVICE TO THE LOCAL COMMUNITY AND MARITIME INDUSTRY, BUT MOSTLY BECAUSE REGARDLESS OF THE SUBJECT, THE SEA IS THE MOST POWERFUL TEACHER WE KNOW.
Describe the Organization's Program Activity:
EDUCATIONAL PROGRAMS: NWMC PROVIDES EXPERIENTIAL ON THE WATER PROGRAMS TO YOUTH AND ADULTS WITH THE GOAL OF ENABLING PARTICIPANTS THE OPPORTUNITY TO LEARN ABOUT AND CELEBRATE OUR MARITIME HERITAGE AND NATURAL RESOURCES. OUR YOUTH PROGRAMS FOCUS ON CHARACTER BUILDING THROUGH LEADERSHIP AND TEAMWORK TRAINING AND ON DEVELOPING MARITIME-RELATED SKILLS THROUGH MENTORSHIP. OUR BOAT SHOP FOCUSES ON TRADITIONAL SKILLS AND UP TO DATE CRAFTSMANSHIP THROUGH BUILD YOUR OWN BOAT CLASSES AND APPRENTICESHIPS.
OUR WOODEN BOAT CHANDLERY MARKETS PRODUCTS THAT PROMOTE AND PRESERVE OUR TRADITIONAL MARITIME HERITAGE AND ENHANCES OUR LOCAL MARITIME TRADES.
EDUCATIONAL AND COMMUNITY FACILITY USAGE INCLUDING BOATHOUSE WITH CLASSIC "LEGACY" VESSELS AND PROGRAM FLEET THAT ENABLE PARTICIPANTS TO LEARN AND ENJOY TRADITIONAL BOATING SKILLS, MARITIME CIRCULATING LIBRARY, SYMPOSIUMS EDUCATIONAL CONFERENCES, WORKSHOPS AND PUBLIC EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jake Beattie Executive Director | Officer | 40 | $194,723 |
Eileen Johnston Finance Director | Officer | 40 | $92,767 |
David King Treasurer | OfficerTrustee | 2 | $0 |
Stuart Mork Vice President | OfficerTrustee | 2 | $0 |
Jeanne Guussev Secretary | OfficerTrustee | 2 | $0 |
Lynn Terwoerds President | OfficerTrustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $83,959 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $678,457 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,526,142 |
| Noncash contributions included in lines 1a–1f | $86,880 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,288,558 |
| Total Program Service Revenue | $314,095 |
| Investment income | $2,097 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $213,771 |
| Net Gain/Loss on Asset Sales | $8,565 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $380,195 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,184,031 |
| 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. | $307,034 |
| Compensation of current officers, directors, key employees. | $128,954 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,839,034 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $270,662 |
| Payroll taxes | $182,700 |
| 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 | $183,795 |
| Advertising and promotion | $104,268 |
| Office expenses | $103,682 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $182,932 |
| Travel | $19,775 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,534 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $523,484 |
| Insurance | $125,956 |
| All other expenses | $114,554 |
| Total functional expenses | $4,315,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,105,366 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,482,089 |
| Accounts receivable, net | $76,442 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $355,986 |
| Prepaid expenses and deferred charges | $77,542 |
| Net Land, buildings, and equipment | $14,271,307 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $682,832 |
| Total assets | $21,051,564 |
| Accounts payable and accrued expenses | $415,632 |
| Grants payable | $0 |
| Deferred revenue | $194,043 |
| 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 | $1,315,138 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,924,813 |
| Net assets without donor restrictions | $15,719,327 |
| Net assets with donor restrictions | $3,407,424 |
| 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 | $21,051,564 |
Grants Awarded
Over the last fiscal year, Northwest Maritime Center has awarded $116,100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WESTERN FLYER PURPOSE: PROGRAM SUPPORT | $75,877 |
PORT TOWNSEND SCHOOL DISTRICT PURPOSE: PROGRAM SUPPORT | $40,223 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Northwest Maritime Center has recieved totaling $1,688,586.
| Awarding Organization | Amount |
|---|---|
M J Murdock Charitable Trust Vancouver, WA PURPOSE: FACILITY PURCHASE | $500,000 |
Karakin Foundation Abilene, TX PURPOSE: PURCHASE SWAN HOTEL YEAR 1 AND YOUTH PROGRAMS YEAR 2 & 3 | $200,000 |
Craig And Susan Mccaw Foundation Kirkland, WA PURPOSE: EDUCATION | $125,000 |
Keith And Mary Kay Mccaw Family Foundation Seattle, WA PURPOSE: MARITIME RESEARCH & EDUCATION | $125,000 |
Apex Foundation Bellevue, WA PURPOSE: PROGRAM SUPPORT | $125,000 |
Apex Foundation Bellevue, WA PURPOSE: PROGRAM SUPPORT | $125,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anchorage Museum Association Anchorage, AK | $13,680,966 | $14,736,241 |
Northwest Maritime Center Port Townsend, WA | $21,051,564 | $9,184,031 |
Burke Museum Association Seattle, WA | $1,429,157 | $2,025,349 |
Densho Seattle, WA | $2,629,365 | $2,391,669 |
Yakima Valley Museum & Hist Assn Yakima, WA | $9,407,246 | $1,269,577 |
Warhawk Air Museum Inc Nampa, ID | $5,473,516 | $2,607,121 |
The Willamette Heritage Center Salem, OR | $3,704,693 | $931,387 |
Columbia River Steamship Operators Association Portland, OR | $727,117 | $771,163 |
Valdez Museum And Historical Archive Association Incorporated Valdez, AK | $412,960 | $617,040 |
Alaska Aviation Heritage Museum Anchorage, AK | $6,679,112 | $631,265 |
Columbia Gorge Interpretive Center Stevenson, WA | $2,351,160 | $339,061 |
Port Townsend Aero Museum Port Townsend, WA | $7,746,029 | $1,457,196 |