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Community Boating Center INC

Tax-deductible

Providence, RI501(c)(3)EIN 22-2946979Revenue $417K in FY2024

On file with the IRScommunityboating.comPo Box 5849, 02903-0849 · Providence, RITax-exempt since Apr 1993Publicly supported charity — 170(b)(1)(A)(vi)

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The organization's primary purpose is to provide instruction and access to recreational sailing and Boating for all, with an emphasis on children, without regard to financial station, through programs designed to build self-esteem, broaden horizons, and advance environmental awareness.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 75 volunteers and 17 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $44K a year · 11% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$133K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 11.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$18K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$417K
-12% vs prior year
Spent
$418K
To programs
77%
Net assets
$683K
By yearFY2020–FY2024
Revenue
$417K
FY2024▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$335K
FY2021$442K
FY2022$391K
FY2023$475K
FY2024$417K
Expenses
$418K
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$304K
FY2021$351K
FY2022$361K
FY2023$404K
FY2024$418K
Net assets
$683K
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$437K
FY2021$541K
FY2022$573K
FY2023$666K
FY2024$683K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $321K Management & general 8% · $34K Fundraising 15% · $64K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $133K paid to officers and key staff.

Part VII, Section A · reportable compensation
John O'Flaherty
Executive Director
$132,670Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
John O'Flaherty$132,670$118,549$111,380$115,222$116,255

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Teaches sailing and boating to children and all, building confidence and environmental awareness.

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Provided by the organization

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3 programs · $321K · in their own filed words · FY2024
01

Youth Lessons and Membership

The youth lesson programs teach children important virtues and lessons about life through sailing such as: cause and effect, problem-solving, science and technology, and teamwork. The underlying approach in all activities is to ensure that students enjoy both the challenge and fun of sailing and to instill the principals of…

$267Kprogram expense
02

Adult Lessons and Membership

The adult lesson formats offer great opportunities for learning and growth with a highly structured curriculum that allows stepped progression through a variety of opportunities for beginner, racing or cruising-minded sailors. Approximately 90 adult members were served during the year.

$39Kprogram expense
03

Youth After School Programs

An outreach program targeted towards making sailing accessible and affordable to children at risk or adrift within the Providence area. This sailing program combines boys and girls from different cultures and backgrounds to work together learning tolerance, trust and respect for one another while building upon their sailing skills.

$15Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
The Rhode Island Community FoundationFY2024$7K
Total grants receivedfrom 1 funder$7K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$417K
Ln 12
Fees for servicesLn 2g$240K
Gifts and grantsLn 1h$178K
Investment incomeLn 3$3K
Money outPt IX
$418K
Ln 25
Programscol B$321K
Managementcol C$34K
Fundraisingcol D$64K
Owns and owesPt X
$683K
net assets · Ln 32
Cash and savingsLn 1–2$405K
Total assetsLn 16$701K
LiabilitiesLn 26$18K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$178K
Noncash giftsLn 1g$18K
Fundraising eventsLn 1c$16K
Fees for servicesLn 2g$240K
Investment incomeLn 3$3K
Gains on assetsLn 7$2K
Total revenueLn 12$417K
Assets in detailPt X, end of year
CashLn 1$381K
SavingsLn 2$24K
Cash and savings togetherLn 1–2$405K
InvestmentsLn 11–13$114K
Land, buildings, equipmentLn 10c$171K
Total assetsLn 16$701K
LiabilitiesLn 26$18K
Net assetsLn 32$683K
OperationsPt I, VI
EmployeesI 517
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$455K$405K
InvestmentsLn 11–13$95K$114K
Land, buildings, equipmentLn 10c$118K$171K
Total assetsLn 16$679K$701K
LiabilitiesLn 26$13K$18K
Net assetsLn 32$666K$683K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$69K$69K
Pay of current officers, directors and key staffLn 5$144K$87K$4K$53K
Other salaries and wagesLn 7$69K$62K$7K$0
Payroll taxesLn 10$17K$14K$847$3K
Accounting feesLn 11c$7K$0$7K$0
Professional fundraising feesLn 11e$5K$5K
Other fees for servicesLn 11g$5K$0$5K$0
Advertising and promotionLn 12$5K$5K$0$0
Office expensesLn 13$13K$5K$6K$2K
OccupancyLn 16$13K$11K$2K$253
TravelLn 17$2K$1K$76$152
Depreciation, depletion and amortizationLn 22$32K$32K$0$0
InsuranceLn 23$25K$22K$3K$443
Other expenses (24a–d)Ln 24$13K$13K$5$50
Total functional expensesLn 25$418K$321K$34K$64K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $417K$418K−$1K$683K 990 PDF
FY2023 $475K$404K$71K$666K 990 PDF
FY2022 $391K$361K$30K$573K 990 PDF
FY2021 $442K$351K$91K$541K 990 PDF
FY2020 $335K$304K$30K$437K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $417,362 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $199,737$177,527
I-9 Program service revenuePrior year $274,384$240,025
I-10 Investment incomePrior year $1,811$3,450
I-11 Other revenuePrior year −$783−$3,640
I-12 Total revenuePrior year $475,149$417,362
I-13 Grants and similar amounts paidPrior year $55,840$69,010
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $209,556$229,902
I-16a Professional fundraising feesPrior year $5,000$5,000
I-17 Other expensesPrior year $134,090$114,461
I-18 Total expensesPrior year $404,486$418,373
I-19 Revenue less expensesPrior year $70,663−$1,011
Part VI · Governance 17 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $417,362 across 10 lines filed
VIII-1c Fundraising events$16,361
VIII-1f All other contributions, gifts and grants$161,166
VIII-1g Noncash contributions (included above)$17,685
VIII-1h Total contributions, gifts and grants$177,527
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$240,025
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $1,950$1,950
VIII-6 Net rental income or lossExcluded from tax $300$300
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,500$1,500
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$3,940−$3,940
VIII-12 Total revenueRelated to mission $240,025 · Unrelated business $0 · Excluded from tax −$190$417,362
Part IX · Statement of functional expenses $418,373 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $69,010$69,010
IX-5 Pay of current officers, directors and key staffPrograms $87,159 · Management $3,769 · Fundraising $53,241$144,169
IX-7 Other salaries and wagesPrograms $61,914 · Management $6,879 · Fundraising $0$68,793
IX-10 Payroll taxesPrograms $13,552 · Management $847 · Fundraising $2,541$16,940
IX-11c Accounting feesPrograms $0 · Management $6,710 · Fundraising $0$6,710
IX-11e Professional fundraising feesFundraising $5,000$5,000
IX-11g Other fees for servicesPrograms $0 · Management $4,783 · Fundraising $0$4,783
IX-12 Advertising and promotionPrograms $5,187 · Management $0 · Fundraising $0$5,187
IX-13 Office expensesPrograms $5,192 · Management $5,841 · Fundraising $1,947$12,980
IX-16 OccupancyPrograms $10,712 · Management $1,638 · Fundraising $253$12,603
IX-17 TravelPrograms $1,294 · Management $76 · Fundraising $152$1,522
IX-22 Depreciation, depletion and amortizationPrograms $31,890 · Management $0 · Fundraising $0$31,890
IX-23 InsurancePrograms $21,676 · Management $3,340 · Fundraising $443$25,459
IX-24 Other expenses (24a–d)Programs $13,272 · Management $5 · Fundraising $50$13,327
IX-25 Total functional expensesPrograms $320,858 · Management $33,888 · Fundraising $63,627$418,373
Part X · Balance sheet $700,556 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $430,589$380,778
X-2 Savings and temporary cash investmentsStart of year $24,049$24,051
X-9 Prepaid expenses and deferred chargesStart of year $10,730$10,730
X-10c Land, buildings and equipment, netStart of year $118,446$171,118
X-11 Publicly traded securitiesStart of year $94,797$113,879
X-16 Total assetsStart of year $678,611$700,556
X-17 Accounts payable and accrued expensesStart of year $5,339$7,028
X-19 Deferred revenueStart of year $7,500$10,595
X-26 Total liabilitiesStart of year $12,839$17,623
X-27 Net assets without donor restrictionsStart of year $662,588$682,933
X-32 Total net assets or fund balancesStart of year $665,772$682,933
X-33 Total liabilities and net assetsStart of year $678,611$700,556
Part XI · Reconciliation of net assets $682,933 net assets at year end
XI-1 Total revenue$417,362
XI-2 Total expenses$418,373
XI-3 Revenue less expenses−$1,011
XI-4 Net assets at start of year$665,772
XI-5 Net unrealized gains (losses) on investments$18,172
XI-10 Net assets at end of year$682,933

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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