The vessel is owned by the private institution W. Klitgaard and operated on a daily basis by the Support Association W. Klitgård Bådelaug, which has about. 150 personal and 25 firmamedlemmer.
Board of Directors of the self-governing institution appointed by the Danish Fishermen's Association, Danish Fisheries Museum, Frederikshavn Fishing Museum, Frederikshavn City Council, Bangsbo Museum and the Support Association.
The economic base provided by sailing, medlemskontingenter, sponsor contributions and the sale of books, T-shirts mv.