Urban Boatbuilders Inc
- Assets
- $743.1k
- Revenue
- $1.1m
- Investments
- $100.0
- Employees
- 42
- Location
- St Paul, MN
- Founding
- 11/1996
- Data as of
- 12/2022
- EIN
- 41-1831598
Organization Overview
Urban Boatbuilders Inc is located in St Paul, MN. The organization was established in 1996. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Urban Boatbuilders Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Boatbuilders 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, Urban Boatbuilders Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $929.2k during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO EMPOWER YOUTH TO SUCCEED IN WORK AND LIFE THROUGH WOODWORKING AND EXPERIENTIAL LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
URBAN BOATBUILDERS INSPIRES YOUTH TO RECOGNIZE THEIR INNER STRENGTH, IDENTIFY THEIR UNIQUE SKILLS AND CELEBRATE THEIR POTENTIAL. TRAINED STAFF LEAD SMALL TEAMS THROUGH A RESEARCH-BASED CURRICULUM THAT FACILITATES SOCIAL AND EMOTIONAL LEARNING WHILE CREATING A FUNCTIONAL, BEAUTIFUL CRAFT. OVER THE COURSE OF A PROJECT, YOUTH AGES 12 - 21 DEVELOP ESSENTIAL SKILLS AND POSITIVE RELATIONSHIPS THAT HELP THEM NAVIGATE THEIR WORLDS AND ACHIEVE SUCCESS. THE PROGRAM CULMINATES WITH THE LAUNCH OF THEIR CRAFT, GIVING THEM THE CONFIDENCE TO ACHIEVE THEIR DREAMS. THE PARTNERSHIP PROGRAM DELIVERS ACADEMICALLY-ENHANCED WOODWORKING TO STUDENTS THROUGH HANDS-ON, EXPERIENTIAL LEARNING. PARTNERING WITH SCHOOLS AND COMMUNITY ORGANIZATIONS, URBAN BOATBUILDERS DELIVERS A RESEARCH-BASED CURRICULUM THAT CREATES AN ENGAGING, ACTIVE EDUCATIONAL EXPERIENCE WITH STUDENTS. IN COLLABORATION WITH THE PARTNER, URBAN BOATBUILDERS MEETS THE INDIVIDUAL NEEDS OF STUDENTS BY TAILORING PROGRAMMING TO DEVELOP ACADEMIC, SOCIAL AND EMOTIONAL, AND CAREER READINESS SKILLS. THROUGH THE PROGRAM, YOUTH ACHIEVE SUCCESS, INCREASE THEIR ACADEMIC ENGAGEMENT, AND IGNITE THEIR LOVE OF LEARNING. 559 YOUTH WERE SERVED THROUGH THE PARTNERSHIP PROGRAM IN 2022.THE APPRENTICESHIP PROGRAM PROVIDES PAID EMPLOYMENT TRAINING TO UNDERSERVED YOUTH FACING BARRIERS TO EMPLOYMENT. THREE DAYS EACH WEEK, APPRENTICES WORK AS PART OF A TEAM TOWARD A COMMON GOAL - BUILDING A BOAT. THROUGH THE PROCESS, YOUTH LEARN AND DEVELOP SOCIAL AND EMOTIONAL SKILLS SUCH AS COMMUNICATION, SELF-MANAGEMENT, AND CRITICAL PROBLEM-SOLVING. ADDITIONALLY, YOUTH ENGAGE IN WEEKLY WORKSHOPS AND TRAINING RANGING FROM WORKPLACE ETIQUETTE TO FINANCIAL LITERACY. FIELD TRIPS TO LOCAL BUSINESSES, COLLEGES, AND TRAINING PROGRAMS EXPAND YOUTH'S EXPOSURE AND UNDERSTANDING OF THE POSSIBILITIES FOR THEIR FUTURE. YOUTH PARTICIPANTS DEVELOP THE SKILLS, AGENCY, AND CONFIDENCE THEY NEED TO PURSUE THEIR GOALS AND ACHIEVE SUCCESS. 44 YOUTH WERE SERVED THROUGH THE APPRENTICESHIP PROGRAM IN 2022. 100% OF THESE YOUTH REPORTED THAT THE PROGRAM HELPED THEM FIGURE OUT THE NEXT STEPS NEEDED TO SUCCESSFULLY ACHIEVE THEIR GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Hosmer Executive Director/ceo | Trustee | 40 | $111,994 |
Tina Barsky Board Chair | OfficerTrustee | 2 | $0 |
Richard Ingeman Treasurer | OfficerTrustee | 2 | $0 |
Tim Lovett Vice Chair | OfficerTrustee | 2 | $0 |
Josh Kraft Treasurer | OfficerTrustee | 2 | $0 |
Fue Thao Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $106,179 |
| All other contributions, gifts, grants, and similar amounts not included above | $722,490 |
| Noncash contributions included in lines 1a–1f | $24,883 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $828,669 |
| Total Program Service Revenue | $206,144 |
| Investment income | $132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,862 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,052,170 |
| 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. | $111,994 |
| Compensation of current officers, directors, key employees. | $39,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $436,609 |
| Pension plan accruals and contributions | $13,494 |
| Other employee benefits | $36,610 |
| Payroll taxes | $44,043 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,627 |
| Advertising and promotion | $10,326 |
| Office expenses | $13,318 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,953 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,239 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,524 |
| Insurance | $14,576 |
| All other expenses | $6,845 |
| Total functional expenses | $929,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,890 |
| Savings and temporary cash investments | $310,585 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,071 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,400 |
| Prepaid expenses and deferred charges | $3,441 |
| Net Land, buildings, and equipment | $17,402 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $100 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $76,252 |
| Total assets | $743,141 |
| Accounts payable and accrued expenses | $43,173 |
| Grants payable | $0 |
| Deferred revenue | $44,649 |
| 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 | $71,252 |
| Total liabilities | $159,074 |
| Net assets without donor restrictions | $567,957 |
| Net assets with donor restrictions | $16,110 |
| 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 | $743,141 |