Canal Dock Boathouse Inc
- Assets
- $141.8k
- Revenue
- $275.1k
- Investments
- $0.0
- Employees
- 6
- Location
- New Haven, CT
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-4634200
Organization Overview
Canal Dock Boathouse Inc is located in New Haven, CT. The organization was established in 2014. 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 12/2021, Canal Dock Boathouse Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canal Dock Boathouse 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 12/2021, Canal Dock Boathouse Inc generated $275.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $206.7k during the year ending 12/2021. While expenses have increased by 12.8% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.TO PROVIDE ACCESS TO NEW HAVEN HARBOR AND RIVERS; RECREATIONAL AND EDUCATION PROGRAMS, FOCUSING ON UNDERSERVED COMMUNITIES. CANAL DOCK BOATHOUSE'S MISSION STATEMENT OF "OPENING NEW HAVEN'S WATERFRONT FOR ADVENTURE, DISCOVERY AND GROWTH" ENCAPSULATES THE ORGANIZATION'S GOAL TO PROVIDE ACCESS TO LONG ISLAND SOUND, NEW HAVEN HARBOR AND THE QUINNIPIAC AND MILL RIVERS. IT AFFIRMS ITS INTENT TO ASSIST IN BUILDING INDIVIDUAL SELF-CONFIDENCE; CLARIFIES ITS PARTNERSHIP WITH THE NEW HAVEN COMMUNITY; AND DEFINES ITS CORE SERVICE AREAS. WITH THIS MISSION, CANAL DOCK'S SERVICES AND PROGRAMS WILL FOCUS ON PROVIDING NEW HAVEN RESIDENTS WITH COMMUNITY PROGRAMS AND ACTIVITIES THAT CONNECT RESIDENTS TO THE WATERFRONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL TEENS ARE INTRODUCED TO THE NEW HAVEN WATERFRONT THROUGH ROWING AND PADDLING ACTIVITIES DURING CANAL DOCK'S SUMMER CAMP AND AFTERSCHOOL PROGRAMS, WHICH ARE FREE AND ACCESSIBLE TO LOW INCOME STUDENTS.AREA RESIDENTS PARTICIPATE IN CANAL DOCK'S FREE SEASONAL MONTHLY COMMUNITY DAY EVENTS THAT FEATURE DRAGON BOATING, ROWING, AND KAYAKING. CANAL DOCK HAS ON-GOING PARTNERSHIPS WITH NUMEROUS LOCAL PUBLIC AND CHARTER SCHOOLS INCLUDING METROPOLITAN BUSINESS ACADEMY, COMMON GROUND HIGH SCHOOL, ENGINEERING AND SCIENCE UNIVERSITY MAGNET SCHOOL (ESUMS) AND THE SOUND SCHOOL. CANAL DOCK HAS A PARTNERSHIP WITH A PRIVATE ADULT LEARN-TO-ROW COMPANY THAT PROVIDES FREE ROWING LESSONS TO LOW-INCOME ADULTS FROM UNDERSERVED NEIGHBORHOODS.CANAL DOCK OFFERS ANNUAL MEMBERSHIPS TO AREA RESIDENTS ALLOWING THEM TO USE THE ORGANIZATION'S BOATS AND EQUIPMENT FOR RECREATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hollis Martens Ex Officio | OfficerTrustee | 40 | $65,530 |
Mitz Carr Vice President | OfficerTrustee | 2 | $0 |
John Pescatore Treasurer | OfficerTrustee | 2 | $0 |
Susan Lane Secretary | OfficerTrustee | 2 | $0 |
Marna Wilber Board President | OfficerTrustee | 5 | $0 |
Andrew Giering Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,050 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $206,332 |
| Noncash contributions included in lines 1a–1f | $3,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,382 |
| Total Program Service Revenue | $7,576 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $44,107 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $275,092 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,131 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,038 |
| Payroll taxes | $9,263 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,379 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,739 |
| Advertising and promotion | $0 |
| Office expenses | $1,174 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $224 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,418 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,415 |
| Insurance | $19,805 |
| All other expenses | $0 |
| Total functional expenses | $206,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,395 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,823 |
| 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 | $0 |
| Net Land, buildings, and equipment | $13,631 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $141,849 |
| Accounts payable and accrued expenses | $2,375 |
| Grants payable | $0 |
| Deferred revenue | $1,744 |
| 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 | $4,119 |
| Net assets without donor restrictions | $137,730 |
| Net assets with donor restrictions | $0 |
| 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 | $141,849 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Canal Dock Boathouse Inc has recieved totaling $34,327.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,000 |
United Way Of Greater New Haven Inc New Haven, CT PURPOSE: SUMMER YOUTH PROGRAM | $7,500 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,227 |
Jane And William Curran Foundation Inc Palm Coast, FL PURPOSE: RESTORATION OF PUBLIC PARK | $5,000 |
David And Lucile Packard Foundation Los Altos, CA PURPOSE: GENERAL SUPPORT | $5,000 |
Alan & Vicki Levine Family Foundation Inc Lighthouse Point, FL PURPOSE: SUPPORT NEW HAVEN'S WATERFRONT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Junior Tennis League Inc Long Island City, NY | $15,745,055 | $13,403,069 |
United States Sailing Association Inc Bristol, RI | $8,027,126 | $11,092,289 |
Row New York Inc New York, NY | $11,063,352 | $5,131,305 |
New England Sailing Foundation Inc Marblehead, MA | $32,351 | $1,795,441 |
New England Science & Sailing Foundation Inc Stonington, CT | $5,613,617 | $3,618,390 |
Long Island Swimming Garden City, NY | $5,786,299 | $2,981,330 |
Sail Newport Inc Newport, RI | $8,050,460 | $2,453,105 |
Stony Brook Yacht Club Inc Stony Brook, NY | $1,925,542 | $2,144,649 |
Community Boating Inc Boston, MA | $5,688,954 | $2,833,055 |
Hudson River Community Sailing Inc New York, NY | $1,975,748 | $1,753,516 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
Saugatuck Harbor Yacht Club Inc Westport, CT | $2,019,925 | $1,016,320 |