Tidewater Wooden Boat Workshop
- Assets
- $155.4k
- Revenue
- $255.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Norfolk, VA
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-4756833
Organization Overview
Tidewater Wooden Boat Workshop is located in Norfolk, VA. The organization was established in 2014. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Tidewater Wooden Boat Workshop employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tidewater Wooden Boat Workshop 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, Tidewater Wooden Boat Workshop generated $255.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $204.5k during the year ending 12/2021. While expenses have increased by 34.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TEACH STEM AND LIFE SKILLS TO DISADVANTAGED YOUTH THROUGH THE BUILDING OF WOODEN BOATS AND OTHER NAUTICAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH BOATBUILDING: DURING 2021, NEARLY 200 HAMPTON ROADS YOUTHS AGES 10 - 22, AS WE RETURNED TO NEAR-NORMAL, POST-COVID PROGRAMMING. THEY PARTICIPATED IN OUR UNIQUE BOATBUILDING ACTIVITIES AS PART OF OUR AFTER- SCHOOL, DURING-SCHOOL-TIME, AND SPRING BREAK/SUMMER CAMP PROGRAMS. STUDENTS COMPLETED ONE 12-FOOT ROWOAT AND CONTINUED CONSTRUCTING A 14-FOOT SAILBOAT. ALSO, DURING OUR WINTER AFTER-SCHOOL PROGRAM, 15 STUDENTS BUILT RADIO-CONTROLLED MODEL SAILBOATS THAT THEY GOT TO SAIL IN THE SPRING. IN OCTOBER 2021, TWBW LAUNCHED A NEW PRE-APPRENTICE PROGRAM FOR DISCONNECTED YOUTH, AGES 18 -24. THE 24-WEEK PROGRAM TEACHES CARPENTRY AND LIFE SKILLS THROUGH WOODEN BOATBUILDING. THE PROGRAM WILL RUN TO MID-MARCH 2022, AT WHICH TIME, WITH TWBW'S ASSISTANCE, THE GOAL IS FOR EACH PRE-APPRENTICE TO FIND EMPLOYMENT, OR MOVE ON TO FURTHER JOB TRAINING OR COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Brandl Executive Di | OfficerTrustee | 40 | $50,000 |
Steven Sandoval Treasurer | OfficerTrustee | 3 | $0 |
Brian Finch Secretary | OfficerTrustee | 3 | $0 |
Marie A Finch President | OfficerTrustee | 3 | $0 |
Jennifer Rafferty Director | Trustee | 1 | $0 |
John Kovac Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,882 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,356 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $248,238 |
| Total Program Service Revenue | $7,568 |
| Investment income | $112 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $255,918 |
| 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 | $2,990 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation of current officers, directors, key employees. | $5,159 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,127 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,086 |
| Office expenses | $2,429 |
| Information technology | $3,026 |
| Royalties | $0 |
| Occupancy | $8,759 |
| Travel | $379 |
| 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 | $1,030 |
| Insurance | $5,676 |
| All other expenses | $1,137 |
| Total functional expenses | $204,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,245 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,900 |
| 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 | $4,018 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $262 |
| Total assets | $155,425 |
| Accounts payable and accrued expenses | $0 |
| 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 | $24 |
| Total liabilities | $24 |
| Net assets without donor restrictions | $155,401 |
| 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 | $155,425 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tidewater Wooden Boat Workshop has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
The Kiwanis Club Of Norfolk Foundation Inc Norfolk, VA PURPOSE: GENERAL CHARITABLE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cypress Of Raleigh Club Inc Raleigh, NC | $8,631,439 | $17,789,795 |
Southeastern Virginia Areawide Model Program Inc Norfolk, VA | $2,843,692 | $8,738,729 |
Metropolitan Richmond Sports Backers Inc Richmond, VA | $2,872,546 | $6,713,495 |
Big South Conference Inc Charlotte, NC | $10,241,548 | $8,654,912 |
Cleveland County Family Ymca Inc Shelby, NC | $16,549,563 | $5,509,175 |
Charlotte City Club Inc Charlotte, NC | $14,589,819 | $3,286,480 |
Sport And Entertainment Corporation Of Maryland Baltimore, MD | $53,419 | $1,410,259 |
Marlins Of Raleigh Raleigh, NC | $1,167,559 | $2,085,324 |
Bike To The Beach Washington, DC | $0 | $1,888,538 |
A H R M A Elora, TN | $355,476 | $1,651,108 |
American Recreation Coalition Washington, DC | $671,840 | $1,140,717 |
Williamsport Volunteer Fire And Emergency Medical Services Inc Williamsport, MD | $4,234,781 | $1,522,798 |