Community Boating Center Inc
- Assets
- $579.3k
- Revenue
- $390.7k
- Investments
- $0.0
- Employees
- 19
- Location
- Providence, RI
- Founding
- 04/1993
- Data as of
- 12/2022
- EIN
- 22-2946979
Organization Overview
Community Boating Center Inc is located in Providence, RI. The organization was established in 1993. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Community Boating Center Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Boating Center 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, Community Boating Center Inc generated $390.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $360.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE INSTRUCTION AND ACCESS TO RECREATIONAL SAILING AND BOATING FOR ALL, WITH AN EMPHASIS ON CHILDREN, WITHOUT REGARD TO FINANCIAL STATION, THROUGH PROGRAMS DESIGNED TO BUILD SELF-ESTEEM, BROADEN HORIZONS, AND ADVANCE ENVIRONMENTAL AWARENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH LESSONS AND MEMBERSHIP: THE YOUTH LESSON PROGRAMS TEACH CHILDREN IMPORTANT VIRTUES AND LESSONS ABOUT LIFE THROUGH SAILING SUCH AS: CAUSE AND EFFECT, PROBLEM-SOLVING, SCIENCE AND TECHNOLOGY, AND TEAMWORK. THE UNDERLYING APPROACH IN ALL ACTIVITIES IS TO ENSURE THAT STUDENTS ENJOY BOTH THE CHALLENGE AND FUN OF SAILING AND TO INSTILL THE PRINCIPALS OF SPORTSMANSHIP, LEADERSHIP, AND SELF-RELIANCE IN ALL OUR YOUTH SAILORS. APPROXIMATELY 200 YOUTH MEMBERS WERE SERVED DURING THE YEAR.
ADULT LESSONS AND MEMBERSHIP: THE ADULT LESSON FORMATS OFFER GREAT OPPORTUNITIES FOR LEARNING AND GROWTH WITH A HIGHLY STRUCTURED CURRICULUM THAT ALLOWS STEPPED PROGRESSION THROUGH A VARIETY OF OPPORTUNITIES FOR BEGINNER, RACING OR CRUISING-MINDED SAILORS. APPROXIMATELY 105 ADULT MEMBERS WERE SERVED DURING THE YEAR.
YOUTH AFTER SCHOOL PROGRAMS: AN OUTREACH PROGRAM TARGETED TOWARDS MAKING SAILING ACCESSIBLE AND AFFORDABLE TO CHILDREN AT RISK OR ADRIFT WITHIN THE PROVIDENCE AREA. THIS SAILING PROGRAM COMBINES BOYS AND GIRLS FROM DIFFERENT CULTURES AND BACKGROUNDS TO WORK TOGETHER LEARNING TOLERANCE, TRUST AND RESPECT FOR ONE ANOTHER WHILE BUILDING UPON THEIR SAILING SKILLS. UNLIKE OTHER ORDINARY SPORTING ACTIVITIES, SAILING PROMOTES PHYSICAL SKILLS, INTELLIGENCE, SOUND JUDGMENT, SELF-RELIANCE AND SIGNIFICANT RESPONSIBILITIES FOR A VESSEL, CREW AND SELF. DURING THE SPRING, SUMMER AND FALL PROGRAMMING, APPROXIMATELY 230 YOUTHS WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John O'flaherty Executive Director | Officer | 40 | $111,380 |
Paulette Carr Trustee | Trustee | 0.5 | $0 |
Chris Coleman Director | Trustee | 1 | $0 |
Michael Dominguez Trustee | Trustee | 0.5 | $0 |
Jay Frechette Director | Trustee | 1 | $0 |
Peter Gengler Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,825 |
| Related organizations | $0 |
| Government grants | $32,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,387 |
| Noncash contributions included in lines 1a–1f | $2,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,612 |
| Total Program Service Revenue | $222,490 |
| Investment income | $714 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $900 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,186 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $390,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $47,015 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,544 |
| Compensation of current officers, directors, key employees. | $5,338 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,342 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,751 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,250 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,669 |
| Office expenses | $11,869 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,346 |
| Travel | $1,294 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,515 |
| Insurance | $17,846 |
| All other expenses | $0 |
| Total functional expenses | $360,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,850 |
| Savings and temporary cash investments | $24,047 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $8,370 |
| Net Land, buildings, and equipment | $159,934 |
| Investments—publicly traded securities | $72,086 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $579,287 |
| Accounts payable and accrued expenses | $6,112 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $6,112 |
| Net assets without donor restrictions | $558,485 |
| Net assets with donor restrictions | $14,690 |
| 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 | $579,287 |