Outward Bound Inc
- Assets
- $13.3m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 21
- Location
- Lagrangeville, NY
- Founding
- 10/1964
- Data as of
- 12/2022
- EIN
- 04-2375956
Organization Overview
Outward Bound Inc is located in Lagrangeville, NY. The organization was established in 1964. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. As of 12/2022, Outward Bound Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Outward Bound 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 12/2022, Outward Bound Inc generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $5.1m during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 7 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.
Since 2016, Outward Bound Inc has awarded 87 individual grants totaling $13,927,943. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO CHANGE LIVES THROUGH CHALLENGE AND DISCOVERY. WE TEACH TO AND WORK BY THE FOLLOWING VALUES: COMPASSION, INTEGRITY, EXCELLENCE, INCLUSION AND DIVERSITY. OUR PROGRAMS ARE BASED ON THE PRINCIPLES OF LEARNING THROUGH EXPERIENCE, CHALLENGE AND ADVENTURE, AND A SUPPORTIVE ENVIRONMENT. WE MEASURE OUR OUTCOMES BY CHARACTER DEVELOPMENT, LEADERSHIP AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTWARD BOUND, INC. (OBI) WAS INCORPORATED AS A NOT-FOR-PROFIT EDUCATIONAL CORPORATION AND OWNS THE OUTWARD BOUND BRAND AND TRADEMARKS. OBI WAS CREATED TO ADVANCE AND PROTECT THE MISSION, EDUCATIONAL PHILOSOPHY, LEARNING METHODS AND IDEALS OF OUTWARD BOUND IN THE UNITED STATES. OBI CHARTERS SCHOOLS AND ESTABLISHES STANDARDS AND PROCEDURES FOR SAFETY AND OTHER SHARED PROGRAMS AND SERVICES. OBI ALSO SERVES AS A FUNDRAISING AND COORDINATING ORGANIZATION FOR THE OUTWARD BOUND SCHOOLS WHICH IT CHARTERS. OBI CURRENTLY CHARTERS ELEVEN SCHOOLS THROUGHOUT THE UNITED STATES. STUDENT PROGRAMS ARE DELIVERED BY SCHOOLS CHARTED BY OBI. THE CHARTERS FOLLOW THE MISSION OF OBI TO GUIDE THEIR DELIVERY OF PROGRAMS, MARKETING, USE OF THE BRAND, AND ALL OUTWARD BOUND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Thayer Director | Trustee | 1 | $0 |
Lee Skold Director | Trustee | 1 | $0 |
Darren Richman Director | Trustee | 1 | $0 |
John Pasmore Director | Trustee | 1 | $0 |
Michael Nutter Director | Trustee | 1 | $0 |
Henry Morse Jr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $177,528 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,961,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,139,318 |
| Total Program Service Revenue | $642,512 |
| Investment income | $151,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $102,500 |
| Net Gain/Loss on Asset Sales | $31 |
| Net Income from Fundraising Events | $358,802 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $26,277 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,732,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,328,086 |
| 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. | $965,405 |
| Compensation of current officers, directors, key employees. | $173,773 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $494,497 |
| Pension plan accruals and contributions | $30,395 |
| Other employee benefits | $64,649 |
| Payroll taxes | $122,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,333 |
| Fees for services: Other | $534,327 |
| Advertising and promotion | $0 |
| Office expenses | $13,659 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,994 |
| Travel | $192,045 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $111,123 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,353 |
| Insurance | $48,078 |
| All other expenses | $0 |
| Total functional expenses | $5,149,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,435,972 |
| Pledges and grants receivable | $353,000 |
| Accounts receivable, net | $450,867 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $22,270 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $194,159 |
| Net Land, buildings, and equipment | $1,911,643 |
| Investments—publicly traded securities | $6,882,210 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,250,121 |
| Accounts payable and accrued expenses | $272,672 |
| Grants payable | $0 |
| Deferred revenue | $606,815 |
| 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 | $0 |
| Other liabilities | $100,000 |
| Total liabilities | $979,487 |
| Net assets without donor restrictions | $5,910,948 |
| Net assets with donor restrictions | $6,359,686 |
| 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 | $13,250,121 |
Grants Awarded
Over the last fiscal year, Outward Bound Inc has awarded $2,328,086 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CHESAPEAKE BAY OUTWARD BOUND SCHOOL (CBOBS) PURPOSE: TO PROVIDE COURSES | $132,123 |
COLORADO OUTWARD BOUND SCHOOL (COBS) PURPOSE: TO PROVIDE COURSES | $169,846 |
HURRICANE ISLAND OUTWARD BOUND SCHOOL (HIOBS) PURPOSE: TO PROVIDE COURSES | $114,385 |
NEW YORK CITY OUTWARD BOUND SCHOOLS (NYCOBS) PURPOSE: TO PROVIDE COURSES | $174,328 |
NORTH CAROLINA OUTWARD BOUND SCHOOL (NCOBS) PURPOSE: TO PROVIDE COURSES | $289,625 |
OUTWARD BOUND CALIFORNIA (OBCA) PURPOSE: TO PROVIDE COURSES | $213,932 |