North Carolina Outward Bound School
- Assets
- $30.9m
- Revenue
- $8.8m
- Investments
- $414.1k
- Employees
- 141
- Location
- Asheville, NC
- Founding
- 03/1966
- Data as of
- 03/2022
- EIN
- 56-0857708
Organization Overview
North Carolina Outward Bound School is located in Asheville, NC. The organization was established in 1966. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. As of 03/2022, North Carolina Outward Bound School employed 141 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Outward Bound School 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 03/2022, North Carolina Outward Bound School generated $8.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $6.2m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 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
TO CHANGE LIVES THROUGH CHALLENGE AND DISCOVERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL CONTINUED TO BUILD BACK PROGRAM REVENUE AMIDST ONGOING COURSE CANCELLATIONS RELATED TO THE COVID-19 PANDEMIC. OPEN ENROLLMENT COURSES SERVED 393 STUDENTS WITH 5,949 PARTICIPATION DAYS. GROUP EDUCATION PROGRAMS SERVED 901 STUDENTS WITH 4,108 PARTICIPATION DAYS. VETERANS PROGRAMS SERVED 115 STUDENTS WITH 682 PARTICIPATION DAYS. OUTWARD BOUND PROFESSIONAL PROGRAMS SERVED 342 STUDENTS WITH 462 PARTICIPATION DAYS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Lawson Interim Executive Director | Officer | 40 | $128,788 |
William Murray COO | Officer | 40 | $103,070 |
Jan Letendre CFO | Officer | 45 | $99,551 |
Laura Bea Armstrong Current Executive Director | Officer | 45 | $55,548 |
Sonji Jacobs Board Chair | OfficerTrustee | 2 | $0 |
Robert M Schwartzberg Board Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,924,317 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,393,841 |
| Noncash contributions included in lines 1a–1f | $1,785,625 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,318,158 |
| Total Program Service Revenue | $2,947,036 |
| Investment income | $547,985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,808 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,824,225 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $719,260 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $360,974 |
| Compensation of current officers, directors, key employees. | $179,601 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,503,035 |
| Pension plan accruals and contributions | $20,000 |
| Other employee benefits | $167,641 |
| Payroll taxes | $210,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,427 |
| Fees for services: Accounting | $47,641 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,869 |
| Fees for services: Other | $174,729 |
| Advertising and promotion | $37,580 |
| Office expenses | $0 |
| Information technology | $107,777 |
| Royalties | $0 |
| Occupancy | $181,989 |
| Travel | $134,330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,029 |
| Interest | $77,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $295,123 |
| Insurance | $300,775 |
| All other expenses | $151,456 |
| Total functional expenses | $6,244,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $720,865 |
| Savings and temporary cash investments | $55 |
| Pledges and grants receivable | $854,991 |
| Accounts receivable, net | $108,696 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $78,190 |
| Prepaid expenses and deferred charges | $78,325 |
| Net Land, buildings, and equipment | $3,105,384 |
| Investments—publicly traded securities | $25,371,934 |
| Investments—other securities | $414,064 |
| Investments—program-related | $111,100 |
| Intangible assets | $0 |
| Other assets | $6,622 |
| Total assets | $30,850,226 |
| Accounts payable and accrued expenses | $446,806 |
| Grants payable | $0 |
| Deferred revenue | $712,996 |
| 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 | $1,545,230 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $90,126 |
| Total liabilities | $2,795,158 |
| Net assets without donor restrictions | $2,470,427 |
| Net assets with donor restrictions | $25,584,641 |
| 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 | $30,850,226 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Carolina Outward Bound School has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Laurel Charitable Trust Philadelphia, PA PURPOSE: GENERAL PURPOSE | $1,000 |
Endowment Analysis
| Beg. Balance | $21,387,849 |
| Earnings | $592,205 |
| Net Contributions | $60,228 |
| Other Expense | $1,043,389 |
| Ending Balance | $20,996,893 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Environment & Technology Foundation Arlington, VA | $13,937,500 | $15,203,934 |
North Carolina Outward Bound School Asheville, NC | $30,850,226 | $8,824,225 |
Eo Wilson Biodiversity Foundation Durham, NC | $4,025,157 | $3,687,280 |
Soar Inc Balsam, NC | $9,313,397 | $4,143,448 |
Chattahoochee Nature Center Inc Roswell, GA | $13,716,515 | $6,496,453 |
Eagles Nest Foundation Incorporated Pisgah Forest, NC | $6,201,338 | $3,726,714 |
Great Smoky Mountain Institute Townsend, TN | $7,753,482 | $2,441,713 |
Ijams Nature Center Inc Knoxville, TN | $4,392,681 | $1,927,357 |
The Georgia Association Of Conservation Districts Inc Athens, GA | $1,613,040 | $1,699,101 |
The Cousteau Society Inc Chesapeake, VA | $12,935,320 | $4,188,264 |
Reflection Riding Arboretum And Nature Center Chattanooga, TN | $7,725,224 | $3,142,380 |
Dunwoody Nature Center Inc Atlanta, GA | $2,301,978 | $1,011,856 |