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        <ExplanationTxt>THE KETCHIKAN YACHT CLUB WAS FORMED TO ENCOURAGE YACHTING, TO PROMOTE SEAMANSHIP, AND TO ENCOURAGE THE USE OF RECREATIONAL OCEAN ACTIVITIES IN A CLUBHOUSE FOR THE USE OF ITS MEMBERS, TO PROVDE MOORAGE FOR ITS MEMBERS, AND OTHER FRATERNAL, SOCIAL, AND RELATED ACTIVITIES.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990-EZ, PART III, LINE 29</FormAndLineReferenceDesc>
        <ExplanationTxt>KETCHIKAN YACHT CLUB OFFERS ONE OR MORE SCHOLARSHIPS TO HELP PAY FOR LOCALLY AVAILABLE CLASSES THAT WILL LEAD TO EMPLOYMENT IN THE MARINE INDUSTRY. SCHOLARSHIPS AMOUNTS MAY VARY AND SUCCESSFUL RECEIPIENTS MAY ALSO REAPPLY.</ExplanationTxt>
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        <PersonNm>ALAN ROCKWOOD</PersonNm>
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