Community Boating Inc
- Assets
- $7.1m
- Revenue
- $3.0m
- Investments
- $5.1m
- Employees
- 111
- Location
- Boston, MA
- Founding
- 10/1951
- Data as of
- 12/2023
- EIN
- 04-2084042
Organization Overview
Community Boating Inc is located in Boston, MA. The organization was established in 1951. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Community Boating Inc employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Boating Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Community Boating Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF CBI INC.,IS TO ENABLE SAILING FOR ALL. WE OFFER SAILING AND OTHER WATER SPORTS TO PEOPLE OF ALL AGES, ABILITIES, AND MEANS IN THE GREATER BOSTON ARE. WE PROMOTE AN ACCESSIBLE AND WELCOMING ENVIRONMENT THAT ENCOURAGES LEARNING, VOLUNTEERISM, AND COMMUNITY SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ADULT AND HIGH SCHOOL PROGRAMS SERVE APPROXIMATELY 4000 INDIVIDUALS EACH YEAR BY PROVIDING CLASSES AND LESSONS THAT TEACH NAUTICAL ARTS AND SCIENCES INCLUDING SAILING, PADDLING, WINDSURFING, SEAMANSHIP,AND NAVIGATION. MEMBERS HAVE ACCESS TO OUR FLEET OF 180+ VESSELS ON THE CHARLES RIVER LOWER BASIN AND ARE ENCOURAGED TO PARTICIPATE IN ORGANIZED RACING, BOTH INFORMAL AND FORMAL. THE ADULT PROGRAM OPERATES SEVEN DAYS PER WEEK.
ANCILLARY ACTIVITIES - PROVIDED FOR THE CONVENIENCE OF MEMBERS INCLUDING PARKING, LOCKER RENTALS, SNACK BAR, AND SALES OF RELATED BOATING AND SAILING ITEMS.
THE JUNIOR PROGRAM SERVES OVER 1200 CHILDREN BY PROVIDING CLASSES, LESSONS, AND INSTRUCTION IN THE NAUTICAL ARTS AND SCIENCES INCLUDING SAILING, PADDLING, AND WINDSURFING. JUNIOR PROGRAM SAILORS MAY TAKE CLASSES, PARTICIPATE IN RACING,AND HAVE ACCESS TO OUR FLEET OF 180+ VESSELS DURING JUNIOR PROGRAM OPERATING HOURS.
THE UNIVERSAL ACCESS PROGRAM (UAP) SERVES OVER 250 INDIVIDUALS WITH DISABILITIES, BOTH PHYSICAL AND COGNITIVE, BY TEACHING THE NAUTICAL ARTS AND SCIENCES OF SAILING, PADDLING, AND WINDSURFING. UAP SAILORS MAY MAKE APPOINTMENTS FOR A SCHEDULED LESSON OR RECREATIONAL SAILS WITH A QUALIFIED INSTRUCTOR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Zechel Executive Director | Officer | 40 | $147,185 |
Brian Mcmanus Director | Trustee | 1 | $0 |
Catherine Rockett Director | Trustee | 2 | $0 |
Adam Bickelman Director Part Year | Trustee | 3 | $0 |
Cole Constantineau Director Part Year | Trustee | 2 | $0 |
Duane Farrar Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $82,222 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $935,220 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,017,442 |
| Total Program Service Revenue | $1,885,484 |
| Investment income | $131,288 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,214 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,033,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $147,482 |
| Compensation of current officers, directors, key employees. | $73,741 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,242,000 |
| Pension plan accruals and contributions | $24,243 |
| Other employee benefits | $133,825 |
| Payroll taxes | $111,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,065 |
| Fees for services: Accounting | $12,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,470 |
| Advertising and promotion | $63,308 |
| Office expenses | $17,231 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $116,572 |
| Travel | $17,769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,092 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172,366 |
| Insurance | $72,740 |
| All other expenses | $302,324 |
| Total functional expenses | $2,805,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $709,544 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $348,597 |
| Accounts receivable, net | $5,950 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $233,055 |
| Net Land, buildings, and equipment | $618,417 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,114,266 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,962 |
| Total assets | $7,130,791 |
| Accounts payable and accrued expenses | $300,982 |
| Grants payable | $0 |
| Deferred revenue | $385,352 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $142,048 |
| Other liabilities | $103,065 |
| Total liabilities | $931,447 |
| Net assets without donor restrictions | $1,216,005 |
| Net assets with donor restrictions | $4,983,339 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,130,791 |