HomeMy WebLinkAboutWooden Boat Foundation Northwest Maritime 1st Q1_LTAC Report_WBFEXHIBIT C 1st QUARTER REPORT
Organization: Northwest Maritime
(Wooden Boat Foundation)
Contact person: Rhagen Olinde
Grants Manager
Mailing Address: 431 Water Street
Port Townsend, WA 98368
Phone Number/Email: (360) 385-3628 x 148
rhagen@nwmaritime.org
1. LTAC Funds received from the County 1st
QTR:
Due by April 30th to afmcknight@co.jefferson.wa.us
2. LTAC funds spent by your organization 1st QTR (include 200 word limit regarding activities and funds spent
with an itemized statement and supporting documentation ie: invoices paid, receipts from payment,)
This quarter is early stages for activity related to the Wooden Boat Festival, and as a result we have no
expenses to report yet. However, we can provide the following update:
In the social media area, we began running an ad in April. We have not been invoiced yet by Meta, but it will
run through August.
In April, we launched ticket sales for the upcoming Wooden Boat Festival via email and made updates to the
WBF website.
We have been sending summer ads to print publications, but we have not been billed yet. In the case of the
Leader, for example, we have pre-purchased a full-page ad in order to lock in a discount; however, it will not
run until September, so we expect invoicing to take place then.
3. LTAC funds balance remaining 1st QTR: $29,280
4. Please attach your organization’s report for all revenue, marketing, services, programs and activities for
the this quarter of January through March (1st) quarter.
The attached report details revenue and expenses for the Wooden Boat Foundation from January through March,
though listed items do not pertain to LTAC grant funding at this point in time.
ORGANIZATION Amount
Awarded
by
JeffCo
Received
From
JeffCo
Overspent
(+)
Underspent
(-) of LTAC
funds
Refund
Required
TOTAL 1st
QTR
LTAC
FUNDS
SPENT
Wooden Boat
Foundation
$29,280 $29,280 $0
This report and any attachments may be subject to disclosure as a public record under the Public Records Act, RCW
Chapter 42.56. A minimum of six years, you must maintain documented proof of payments made, contracts executed
and other expenditures authorized under your Agreement with Jefferson County. Upon reasonable notice, you must be
able to provide access to County or State representatives to audit those records.
Period: 01/01/26..03/31/26
Description Amount
Contributed Revenue
Donations
Sponsorships - Contributed
Total Contributed Revenue
Earned Revenue
Events
Product Sales
Accomodations
Publishing
Total Earned Reveue
Total Income
Cost of Goods Sold
COGS - Retail
COGS - Publishing
COGS - Other
Total Cost of Goods Sold
Expense
Occupancy 315
Technology
Program Expense 2,938
Events Expense 270
Marketing 2,020
General & Misc Expense 2,068
In-kind Expense
Insurance 4,842
Allocated Operating Expenses 29,014
Staff Support Expense
Payroll 25,446
Total Expense 66,913
Net Income -66,913
Income Statement
Wooden Boat Foundation