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Boat US Foundation FY2021 filing

Tax-deductible

Springfield, VA501(c)(3)Public Safety & Disaster EIN 54-1156448Revenue $3.2M in FY2021

On file with the IRSboatus.org5323 Port Royal Rd, 22151-2106 · Springfield, VATax-exempt since Jun 1981Publicly supported charity — 170(b)(1)(A)(vi)

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Boatu.s. Foundation is an innovative leader promoting safe, clean, and responsible boating.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
2 of 5
filings with a surplus
Average deficit $224K a year · 7% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Plus $1.1M in investments, Pt X · Ln 11–13
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $16K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$535K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.2M
+21% vs prior year
Spent
$3.3M
To programs
81%
Net assets
$2.3M
By yearFY2020–FY2024
Revenue
$3.2M
FY2021▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.7M
FY2021$3.2M
FY2022$3.1M
FY2023$2.6M
FY2024$4.1M
Expenses
$3.3M
FY2021▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$3.3M
FY2022$3.6M
FY2023$3.5M
FY2024$3.8M
Net assets
$2.3M
FY2021▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$2.3M
FY2022$1.6M
FY2023$718K
FY2024$968K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1981.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $2.6M Management & general 8% · $257K Fundraising 11% · $360K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ruth Wood
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Kirk La
Trustee
$0Pt VII · Sec A
Tammy Moore
Chairman President & COO B
$0Pt VII · Sec A
See Boat US Foundation executive salaries →

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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

Promotes safe, clean, and responsible boating through innovative leadership.

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Provided by the organization

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3 programs · $2.1M · in their own filed words · FY2021
01

Online Course

This program provides free boating safety course on the internet. Any boater with a computer and access to the internet can take this nasbla approved course and gain valuable safety information and safe boating skills. A free certificate may be printed by the student if a score of 80% is accomplished.

$1.4Mprogram expense
02

On-Water Training Program

In 2016 the BOATU.S. Foundation began to explore the opportunity to launch an on-water training course, aimed at providing opportunities for the general public to get hands on skills training aboard recreational vessels. The pilot phase began in 2017 and has steadily increased over time.

$433Kprogram expense
03

General Education & Research

This area of activity allows the foundation staff to participate in activities with other boating organizations on current and new emerging safety and environmental programs that support the goals of the foundation.

$267Kprogram 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
Vanguard Charitable Endowment ProgramFY2024$6K
Donor Advised Charitable Giving INCFY2024$5K
Morgan Stanley Global Impact Funding Trust INCFY2024$5K
Arthur J Bellinzoni FoundationFY2024$100
Total grants receivedfrom 4 funders$16K
See all 4 funders →

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.2M
Ln 12
Gifts and grantsLn 1h$2.4M
Fees for servicesLn 2g$810K
Investment incomeLn 3$73K
Money outPt IX
$3.3M
Ln 25
Programscol B$2.6M
Managementcol C$257K
Fundraisingcol D$360K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$300K
Total assetsLn 16$2.8M
LiabilitiesLn 26$535K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Noncash giftsLn 1g$910K
Fees for servicesLn 2g$810K
Investment incomeLn 3$73K
Other incomeLn 4–11$859
Gains on assetsLn 7$2K
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$295K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$300K
InvestmentsLn 11–13$1.1M
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$16K
Total assetsLn 16$2.8M
LiabilitiesLn 26$535K
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$510K$300K
InvestmentsLn 11–13$1.0M$1.1M
Land, buildings, equipmentLn 10c$961K$1.2M
Total assetsLn 16$2.7M$2.8M
LiabilitiesLn 26$369K$535K
Net assetsLn 32$2.3M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.1M$964K$109K$72K
Other employee benefitsLn 9$99K$79K$12K$9K
Payroll taxesLn 10$53K$42K$6K$5K
Other fees for servicesLn 11g$424K$410K$3K$11K
Advertising and promotionLn 12$42K$42K
Office expensesLn 13$808K$668K$48K$91K
OccupancyLn 16$90K$73K$10K$8K
TravelLn 17$26K$23K$1K$2K
Conferences, conventions and meetingsLn 19$4K$3K$2K
Depreciation, depletion and amortizationLn 22$455K$335K$66K$54K
Other expenses (24a–d)Ln 24$110K$110K
Total functional expensesLn 25$3.3M$2.6M$257K$360K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.1M$3.8M$210K$968K 990 PDF
FY2023 $2.6M$3.5M−$961K$718K 990 PDF
FY2022 $3.1M$3.6M−$504K$1.6M 990 PDF
FY2021 Viewing $3.2M$3.3M−$15K$2.3M 990 PDF
FY2020 $2.7M$2.5M$149K$2.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $3,240,469 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,892,366$2,356,326
I-9 Program service revenuePrior year $574,506$810,339
I-10 Investment incomePrior year $207,942$72,945
I-11 Other revenuePrior year $2,078$859
I-12 Total revenuePrior year $2,676,892$3,240,469
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,227,352$1,297,166
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,300,129$1,958,556
I-18 Total expensesPrior year $2,527,481$3,255,722
I-19 Revenue less expensesPrior year $149,411−$15,253
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,240,469 across 8 lines filed
VIII-1f All other contributions, gifts and grants$2,356,326
VIII-1g Noncash contributions (included above)$910,067
VIII-1h Total contributions, gifts and grants$2,356,326
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $810,339$810,339
VIII-3 Investment incomeExcluded from tax $70,823$70,823
VIII-5 RoyaltiesExcluded from tax $859$859
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,122$2,122
VIII-12 Total revenueRelated to mission $810,339 · Unrelated business $0 · Excluded from tax $73,804$3,240,469
Part IX · Statement of functional expenses $3,255,722 across 11 lines filed
IX-7 Other salaries and wagesPrograms $964,166 · Management $108,706 · Fundraising $71,909$1,144,781
IX-9 Other employee benefitsPrograms $79,144 · Management $11,600 · Fundraising $8,606$99,350
IX-10 Payroll taxesPrograms $42,276 · Management $6,170 · Fundraising $4,589$53,035
IX-11g Other fees for servicesPrograms $409,511 · Management $3,007 · Fundraising $11,321$423,839
IX-12 Advertising and promotionPrograms $41,500$41,500
IX-13 Office expensesPrograms $668,473 · Management $48,489 · Fundraising $90,671$807,633
IX-16 OccupancyPrograms $72,707 · Management $10,079 · Fundraising $7,599$90,385
IX-17 TravelPrograms $23,050 · Management $1,071 · Fundraising $2,158$26,279
IX-19 Conferences, conventions and meetingsPrograms $2,646 · Management $1,718$4,364
IX-22 Depreciation, depletion and amortizationPrograms $334,959 · Management $65,965 · Fundraising $53,651$454,575
IX-24 Other expenses (24a–d)Fundraising $109,981$109,981
IX-25 Total functional expensesPrograms $2,638,432 · Management $256,805 · Fundraising $360,485$3,255,722
Part X · Balance sheet $2,787,236 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $505,050$294,622
X-2 Savings and temporary cash investmentsStart of year $5,262$5,263
X-4 Accounts receivableStart of year $9,189$32,711
X-8 Inventories for sale or useStart of year $33,116$27,637
X-9 Prepaid expenses and deferred chargesStart of year $103,001$153,276
X-10c Land, buildings and equipment, netStart of year $960,525$1,175,374
X-11 Publicly traded securitiesStart of year $1,041,397$1,082,376
X-15 Other assetsStart of year $8,483$15,977
X-16 Total assetsStart of year $2,666,023$2,787,236
X-17 Accounts payable and accrued expensesStart of year $366,540$511,148
X-19 Deferred revenueStart of year $2,145$23,847
X-26 Total liabilitiesStart of year $368,685$534,995
X-27 Net assets without donor restrictionsStart of year $2,282,338$2,237,241
X-28 Net assets with donor restrictionsStart of year $15,000$15,000
X-32 Total net assets or fund balancesStart of year $2,297,338$2,252,241
X-33 Total liabilities and net assetsStart of year $2,666,023$2,787,236
Part XI · Reconciliation of net assets $2,252,241 net assets at year end
XI-1 Total revenue$3,240,469
XI-2 Total expenses$3,255,722
XI-3 Revenue less expenses−$15,253
XI-4 Net assets at start of year$2,297,338
XI-5 Net unrealized gains (losses) on investments−$29,844
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,252,241

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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