The Boat Company Ltd
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It reported loans to or from officers, directors or other insiders.
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
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.
- Income
- $7.7 million
- Spending
- $7.5 million
- Spent on programs
- 65%
- Reserves
- -6.7 months of spending
- Largest source of income
- fees for its services, 71%
- Employees
- 55
- Volunteers
- 0
- Highest pay
- $302,437, president
Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 38 out of 100.
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 160% of what it owns.
Living within its means
15 of 15Income exceeded spending by 2% of income.
Income trend
15 of 15Income rose 19% on the year before.
Spending floor
8 of 1565% of spending went to programs and raising each dollar of donations cost 2 cents.
Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 75 out of 100.
Independent board
25 of 255 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
0 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
0 of 10Reports at least one of: diversion of assets, excess benefits, loans to insiders.
Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $4.9 million spent. 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. We print and send to our membership, a semi-annual newsletter to keep them informed on Tongass forest conservation issues. 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 members 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.
Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending September 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 1980.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.