Seattle, WA
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Sign In — Free (10 views/day)THE STEAMER VIRGINIA V FOUNDATION, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $633K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $558K left a modest 12% surplus.
Restoration, preservation, operation, and interpretation of the National Historic Landmark vessel Steamer Virginia V, the largest operational wooden passenger steamship in the United States. The vessel is used for public events, education programs, and private charters.
Restoration/Preservation: During 2024, the Foundation's Director of Engineering conducted 62 work parties in which 21 volunteers contributed over 1,600 hours of their time performing routine...
Restoration/Preservation: During 2024, the Foundation's Director of Engineering conducted 62 work parties in which 21 volunteers contributed over 1,600 hours of their time performing routine mechanical/electrical maintenance, painting, and a variety of repairs to keep the ship in optimal condition. Volunteers contributed an additional 175 hours performing logistics supporting this preservation work. Noteworthy accomplishments include: Completed installation and USCG-approval of two remote boiler-shutdown switches (work begun in 2023); annual maintenance on ship's service generators (filters, oil change, etc.); correction of leaks in the hot-water space-heating system; annual contract pressure washing of bilges and the oily water holding tank; opening/inspection of the boiler drums and firebox; opening/inspection of main engine cylinders and main bearings; replacement of mechanical seals at the high pressure piston rod; and opening/inspection of the condenser end bells, with a determination that they are in sound condition. In February, the ship spent two weeks moored at Shilshole Bay Marina for the purpose of soaking the hull in saltwater for its preservative benefit. Liferafts and fire extinguishers received annual servicing; crew radios were replaced to provide reliable and safe operations. In addition to current year expenses noted, $45,954.40 were expended to acquire lumber for future structural work, funded by the Washington State Heritage Capital Projects grant approved in 2023. Current year expenses include 50% of reported depreciation.
Operation: VIRGINIA V was built in 1922 and is the only traditional wooden steamship built to carry freight and passengers that is still regularly operating under steam on the tidal waters of the...
Operation: VIRGINIA V was built in 1922 and is the only traditional wooden steamship built to carry freight and passengers that is still regularly operating under steam on the tidal waters of the United States. VIRGINIA V conducted 64 discrete voyages over the course of 49 operating days in 2024, including 29 cruises open to the public, 9 wedding-related charters and 11 other private charters, carrying a total of 3,947 passengers. Eight of these public cruises were free, one-hour Steamship Sunday trips made on four days June-October in collaboration with our neighbors, The Center for Wooden Boats. Two public cruises were provided in collaboration with Seattle's Museum of History and Industry, which provided themed programs during those trips. In May, the ship visited Port Orchard, WA for its first annual Mosquito Fleet Festival, conducting three well attended public cruises and providing open-ship time for free tours. The ship circumnavigated Vashon Island, and made an extended trip to Olympia to attend the Harbor Days Festival over Labor Day Weekend, providing public cruises during transits between Tacoma and Olympia, and three public cruises at the event. One regular employee, 56 volunteers and three paid interns crewed the vessel, filling seven required positions and up to eight training positions on each trip. Crew accrued approximately 3,300 volunteer hours for these voyages. Expenses include 50% of reported depreciation.
Interpretation/Education: VIRGINIA V held over 120 days of open-ship at Lake Union Park and Puget Sound ports during 2024, welcoming 11,360 people for free visits. Our Senior Docent and volunteers...
Interpretation/Education: VIRGINIA V held over 120 days of open-ship at Lake Union Park and Puget Sound ports during 2024, welcoming 11,360 people for free visits. Our Senior Docent and volunteers led guided tours for almost all of these occasions, acquainting visitors with the ship and the history of the Puget Sound mosquito fleet. During 17 private and 14 public dockside events, the ship welcomed over 1,284 additional visitors. During cruises, crew routinely engaged passengers to tell the ship's story or describe its operation, and docents were specifically aboard during Steamship Sunday cruises to interpret the ship and the Lake Union/Portage Bay maritime history. The ship's steam engine remains fully visible to visitors and passengers. Engineering crew provided detailed interpretation of this artifact, in service since 1907 when it was installed on the ship that became VIRGINIA IV, and our Captains welcomed passengers into the wheelhouse underway when the safety of vessel operation permitted. Foundation staff and volunteers revel in sharing the ship and did so at every opportunity. The Foundation continued its summer internship program for high schoolers, hiring three students who worked 244 hours on the ship in deck- and engine-crew capacities. All became qualified to serve as crew of record in junior deck positions, and two have subsequently completed or begun formal maritime education. Two of our regular 2024 deck volunteers are also now working in the industry, having used their time with VIRGINIA V as their starting point. The ship welcomed several student groups for dockside tours tailored to their particular focus (e.g. Seattle Skills Center, Seattle Maritime Academy).
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $633,001 | $459,979 | +0.4% |
| Expenses | $558,426 | $537,389 | +0.0% |
| Net Income | $74,575 | $-77,410 | -2.0% |
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Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Alicia Barnes | Executive Director (hired March 2023) | 40 |
Officer
|
$78,633 | $0 | $78,633 |
| Jeffrey Deren | Vice President; Sec'y 12/14 into 2025 | 0.7 |
Officer
Director
|
$18,001 | $0 | $18,001 |
| Sterling MacKinnon | Director | 0.6 |
Director
|
$0 | $0 | $0 |
| Grant Johnson | Director thru 12/12/24 | 0.2 |
Director
|
$0 | $0 | $0 |
| Peter Proctor | Director | 0.5 |
Director
|
$0 | $0 | $0 |
| Brian Johnson | Director | 0.8 |
Director
|
$0 | $0 | $0 |
| Garret Holt | President thru 12/12/24 | 1.1 |
Officer
Director
|
$0 | $0 | $0 |
| Kyle Holt | Secretary; Pres. eff 12/12/24 | 1.8 |
Officer
Director
|
$0 | $0 | $0 |
| David Allais | Treasurer | 0.8 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $633,001 | $558,426 | $2,388,784 | $74,575 |
| 2023 | $459,979 | $537,389 | $2,380,749 | $-77,410 |
| 2022 | $1,138,537 | $622,212 | $2,513,331 | $516,325 |
| 2021 | $1,163,610 | $701,237 | $2,142,526 | $462,373 |
| 2020 | $374,528 | $471,757 | $1,396,838 | $-97,229 |
| 2018 | $489,539 | $570,420 | $1,708,799 | $-80,881 |
Compare THE STEAMER VIRGINIA V FOUNDATION with other nonprofits in Washington and across the country.