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The Steamer Virginia V Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 910989160 ✦ Seattle, WA ✦ Designated as a 501(c)(3)

Overview

What is The Steamer Virginia V Foundation?

The Steamer Virginia V Foundation is a nonprofit organization based in Seattle, Washington. Their primary focus is the restoration and preservation of the National Historic Landmark vessel, Steamer Virginia V, the largest operational wooden steamboat in the United States. The foundation carries out this mission through various activities, including public events, education programs, and private charters. In 2022, they underwent significant renovations, replacing decayed wood, installing new structural timbers, and reefing and re-caulking hull seams. They also completed engineering projects, such as installing an isolation transformer and tankless hot water heater. The foundation's efforts are supported by a team of 10 employees and over 1,700 volunteer hours. In addition to their operational activities, they also accrued capital expenditures and performed routine maintenance and repairs.


Official website here: www.virginiav.org

Is The Steamer Virginia V Foundation legitimate?

The Steamer Virginia V Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Steamer Virginia V Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $82,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $57,809

For more financial information, click here


Official website here: www.virginiav.org

What is the mission statement of The Steamer Virginia V Foundation?

The Steamer Virginia V Foundation's mission revolves around the restoration, preservation, operation, and interpretation of the National Historic Landmark vessel Steamer Virginia V. This is the largest operational wooden steamboat in the United States. The vessel serves multiple purposes, including hosting public events, education programs, and providing opportunities for private charters. The foundation's primary goal is to ensure the vessel's continued operation while also offering educational experiences to the public. The foundation invests significant resources into maintaining and renovating the ship, as demonstrated by the 16-1/2 months spent in drydock for structural renewals in 2022. Additionally, the foundation conducts various activities to keep the vessel in optimal condition, such as weekly work parties by volunteers and employees and the installation of protective measures like an isolation transformer and tankless hot water heater.


Official website here: www.virginiav.org

Who is the CEO of The Steamer Virginia V Foundation?

Alicia Barnes is the Principal Officer of The Steamer Virginia V Foundation.


Official website here: www.virginiav.org

What is the revenue of The Steamer Virginia V Foundation?

The Steamer Virginia V Foundation's revenue in 2022 was $1,138,537.


Official website here: www.virginiav.org

Who are the executives of The Steamer Virginia V Foundation and what are their salaries?

The average compensation at The Steamer Virginia V Foundation during 2022 was $14,031. There are 10 employees and 50 volunteers at The Steamer Virginia V Foundation.

Here are 10 key members and their salaries:

    Debra Alderman (Executive Director)
  • Compensation: $82,500
  • Related: $0
  • Other: $0

    • Jeffrey Deren (Director)
  • Compensation: $9,000
  • Related: $0
  • Other: $0

    • Nina Marie Altman (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Garret Holt (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Allais (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Douglas Weeks (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kyle Holt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Grant Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Proctor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.virginiav.org

    Where can I find the form 990 for The Steamer Virginia V Foundation?

    The The Steamer Virginia V Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.virginiav.org

    Learn more at the official website: www.virginiav.org

    Mission Statement of The Steamer Virginia V Foundation

    The Steamer Virginia V Foundation is dedicated to the restoration, preservation, operation, and interpretation of the National Historic Landmark vessel Steamer Virginia V, which is recognized as the largest operational wooden steamboat in the United States. This nonprofit organization utilizes the vessel for public events, education programs, and private charters, serving as a unique and significant cultural asset.

    Throughout the year, the foundation embarks on various restoration and preservation projects, such as replacing decayed wood and installing new sections of planking, clamps, and frames. The hull seams are carefully reefed and re-caulked, while the hull and exterior of the deck house are repainted. Additionally, engineering improvements are made, like installing an isolation transformer and tankless hot water heater, ensuring the vessel's protection and safety. The foundation also conducts regular maintenance and repairs, adhering to a 5-year Planned Maintenance Schedule.

    The Steamer Virginia V Foundation's mission extends beyond the vessel, as they also engage in educational programs for the public. These programs provide an opportunity for individuals to learn about the history and significance of the steamboat and its role in American maritime culture. The vessel serves as a living testament to the past, while also offering a unique and enjoyable experience through public events and private charters. The foundation's efforts in preserving and maintaining the Steamer Virginia V contribute to the appreciation and understanding of maritime history, ensuring its legacy for future generations.

    Impact

    This information is meant to be a general summary of The Steamer Virginia V Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Steamer Virginia V Foundation's impact is significant in the restoration, preservation, operation, and interpretation of the National Historic Landmark vessel Steamer VIRGINIA V. The foundation works tirelessly to ensure the maintenance and integrity of this incredible piece of maritime history, the largest operational wooden steamboat in the United States. Through their efforts, the vessel is able to participate in public events, education programs, and private charters, enriching the community with the opportunity to engage with and learn about this unique part of our heritage. The recent restoration work, including structural renewals to the hull and various upgrades, demonstrates the foundation's commitment to preserving this piece of history for future generations to enjoy.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $889
  • Program Service Revenue: $176,686
  • Gross Receipts: $1,142,296

    • Assets and Liabilities:
  • Total Assets: $2,513,331
  • Total Liabilities: $308,949
  • Net Assets: $2,204,382
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Vessel Charters

    Revenue

    $143,533

    Public Event Ticket Sales

    Revenue

    $26,503

    Interpretation/Education Prgms

    Revenue

    $6,650

    Organization Details

    Founding Year

    1976

    Principal Officer

    Alicia Barnes

    Main Address

    PO Box 9566, Seattle, WA, 98109

    NTEE Category

    Code: A82Z - Arts

    If you are a representative of The Steamer Virginia V Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.