The Boat Company Ltd

EIN: 920074462 501(c)(3)

Ponte Vedra, FL

Total Revenue
$7,696,387
Total Expenses
$7,511,772
Total Assets
$3,015,609
Net Assets
$-1,803,852
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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
AK
Principal Officer
Hunter H McIntosh
Phone
9046419901
Tax Period
2023-10-01 to 2024-09-30

The Boat Company Ltd, founded in 1979, is a community nonprofit that reported $7.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

The Organization sponsors one-week educational boat tours in southeast Alaska, home to the Tongass National Forest, which at 16,500,000 acres (25,800 square miles) the nation's largest, and the earth's last, substantially intact temperate rain forest. (Continued on Schedule O)Our purpose is to educate people on the importance of conserving the land and marine resources. We bring to our patron's attention the effects that warming trends are having on marine life and especially the glaciers that are thinning and retreating at an increasing rate. We work and consult with local and national conservation and environmental organizations on issues dealing with the Tongass. Also, we are very active with agencies and organizations that deal with fisheries issues. Aside from the oil industry, the fishing industry is the largest private employer in Alaska, and the conservation of southeast Alaska's forest and waters (salt and fresh) are vital to its existence.

Program Service Accomplishments

Program 1
Expenses: $4,854,517 Revenue: $5,519,449

Each of our vessels carries trained naturalists specializing not only in flora and fauna, but fisheries expertise as well. Science says that temperate rainforest are more biologically diverse than...

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Each of our vessels carries trained naturalists specializing not only in flora and fauna, but fisheries expertise as well. Science says that temperate rainforest are more biologically diverse than tropical forests. Although many of Tongass' 8-to-10 foot diameter, 1,000-year-old trees have been cut, many still remain. Our lectures stress the importance of preserving wildlife habitat, for bears, eagles, deer, wolves and a myriad of other species, and the watersheds in that habitat which are home to six species of salmon and other fishes. We inform our customers about the effects that warming trends are having on marine life (Whales, sea lions, otters, shellfish, orcas, et al.) and especially the glaciers that are quickly thinning and retreating. (Continued on Schedule O)We have moved to digital content creation communicating with our past guests via email news blasts, calls to action on conservation issues, and calls to action of fisheries management concerns. We work and consult with local and national organizations on issues dealing with the Tongass and conservation issues, including the US Forest Service. We participate in conferences and submit comments to many agencies and organizations dealing with fisheries issues. We stress the need to protect and conserve for future generations, southeast Alaska's forest, waters, and its vital fishing industry. We are member of and work with The Alaska Trollers Association, Southeast Alaska Seiners Association, and United Fishermen of Alaska. We also work with the International Pacific Halibut Commission, The National Oceanic and Atmospheric Administration, National Marine Fisheries Service, Alaska Department of Game, and the Northern Pacific Fisheries Management Council.

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Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,174,120
Program Service Revenue $5,444,514
Investment Income $2,818
Other Revenue $74,935
TOTAL REVENUE $7,696,387

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,763,315
Fundraising Expenses $33,110
Program Expenses $4,854,517
Other Expenses $3,748,457
TOTAL EXPENSES $7,511,772

Year-over-Year Comparison

2023 2022 Change
Revenue $7,696,387 $6,465,520 +0.2%
Expenses $7,511,772 $6,830,770 +0.1%
Net Income $184,615 $-365,250 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
55
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$607,557
Total Directors
5
$607,557
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Hunter H McIntosh President 60.00
Officer Director
$250,000 $32,437 $302,437
Winsome D McIntosh Vice President 1.00
Officer Director
$5,000 $0 $290,120
Liz Sutherland-Riney Vice President 0.50
Officer Director
$5,000 $0 $5,000
Thu Pham Jefferson Secretary 0.50
Officer Director
$5,000 $0 $5,000
Edward R Titcomb III Treasurer 0.50
Officer Director
$5,000 $0 $5,000
George Gerken VP of Operations 40.00
Highest
$236,250 $28,013 $264,263
Amber McIntosh Senior VP 40.00
Highest
$129,167 $0 $129,167
Scott B Wipff Engineer 40.00
Highest
$126,959 $11,381 $138,340
James E Jefferson Captain 40.00
Highest
$120,900 $16,217 $137,117
Henry B Lewis-Wipff Engineer 40.00
Highest
$117,567 $11,381 $128,948
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $7,696,387 $7,511,772 $3,015,609 $184,615
2023 $6,465,520 $6,830,770 $3,037,029 $-365,250
2022 $6,583,013 $5,847,985 $3,159,684 $735,028
2021 $3,351,629 $2,450,350 $2,873,656 $901,279
2020 $1,043,453 $2,696,246 $1,854,668 $-1,652,793
2019 $6,225,522 $4,792,031 $2,706,068 $1,433,491
2018 $5,059,518 $4,600,419 $2,067,015 $459,099
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