Foundation For Recreational Boating Safety And Education
- Assets
- $29.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1989
- Data as of
- 02/2024
- EIN
- 36-3602212
Organization Overview
Foundation For Recreational Boating Safety And Education is located in Chicago, IL. The organization was established in 1989. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Recreational Boating Safety And Education 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 02/2024, Foundation For Recreational Boating Safety And Education generated $4.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (34.1%) each year. All expenses for the organization totaled $3.5k during the year ending 02/2024. As we would expect to see with falling revenues, expenses have declined by (34.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
HAVE DEVELOPED REPORTS THAT PROVIDE EDUCATION AND AWARENESS TO PROTECT THE RECREATIONAL BOATING INDUSTRY. AWARD INDIVIDUALS WHO HELP GROW AND PROTECT THE RECREATIONAL BOATING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Hugelmeyer Chairman | 0.5 | $0 | |
Craig Boskey President | 0.5 | $0 | |
Robert Newsome Secretary | 0.5 | $0 | |
Ellen Bradley Vice President | 0.5 | $0 | |
Glenda Sandoval Treasurer | 0.5 | $0 | |
Aine Denari Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,479 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $695 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,174 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,479 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $15 |
| Other expenses | $11 |
| Total expenses | $3,505 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,609 |
| Other assets | $0 |
| Total assets | $29,609 |
| Total liabilities | $0 |
| Net assets or fund balances | $29,609 |