Civic Intelligence

Community Boating Inc.

990 • Fiscal year 2014 • EIN 04-2084042

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 21, 2015

21 David G Mugar WayBoston, MA 02114

(617) 523-1038

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.15x

Higher debt load relative to assets than 55% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

60th percentile

0.19x

Higher debt load relative to revenue than 60% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

65th percentile

8.8%

Higher net margin than 65% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

72nd percentile

$105,197

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

77th percentile

14%

Faster asset growth than 77% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

77th percentile

22%

Faster revenue growth than 77% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,918,967

Up $239,038 (+14%) from 2013

Net Assets

Up

$1,629,696

Up $174,848 (+12%) from 2013

Liabilities

Up

$289,271

Up $64,190 (+29%) from 2013

Revenue

Up

$1,560,566

Up $283,919 (+22%) from 2013

Expenses

Up

$1,423,488

Up $175,225 (+14%) from 2013

Net Income

Up

$137,078

Up $108,694 (+383%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,351,362Liabilities 2010: $276,309Net Assets 2010: $1,075,0532010Assets 2011: $1,363,875Liabilities 2011: $252,222Net Assets 2011: $1,111,6532011Assets 2012: $1,545,701Liabilities 2012: $284,890Net Assets 2012: $1,260,8112012Assets 2013: $1,679,929Liabilities 2013: $225,081Net Assets 2013: $1,454,8482013Assets 2014: $1,918,967Liabilities 2014: $289,271Net Assets 2014: $1,629,6962014Assets 2015: $1,986,611Liabilities 2015: $325,706Net Assets 2015: $1,660,9052015Assets 2016: $2,135,883Liabilities 2016: $270,845Net Assets 2016: $1,865,0382016Assets 2017: $2,539,867Liabilities 2017: $297,315Net Assets 2017: $2,242,5522017Assets 2018: $2,457,779Liabilities 2018: $346,048Net Assets 2018: $2,111,7312018Assets 2019: $3,917,430Liabilities 2019: $368,852Net Assets 2019: $3,548,5782019Assets 2020: $4,300,231Liabilities 2020: $689,428Net Assets 2020: $3,610,8032020Assets 2021: $5,688,954Liabilities 2021: $577,905Net Assets 2021: $5,111,0492021Assets 2022: $6,151,174Liabilities 2022: $669,711Net Assets 2022: $5,481,4632022Assets 2023: $7,130,791Liabilities 2023: $931,447Net Assets 2023: $6,199,3442023Assets 2024: $6,862,198Liabilities 2024: $666,215Net Assets 2024: $6,195,9832024

Highlighted filing

2014

Assets$1,918,967
Liabilities$289,271
Net Assets$1,629,696

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,181,1642010Expenses 2011: $1,167,2202011Revenue 2012: $1,323,151Expenses 2012: $1,244,584Net Income 2012: $78,5672012Revenue 2013: $1,276,647Expenses 2013: $1,248,263Net Income 2013: $28,3842013Revenue 2014: $1,560,566Expenses 2014: $1,423,488Net Income 2014: $137,0782014Revenue 2015: $1,629,870Expenses 2015: $1,544,617Net Income 2015: $85,2532015Revenue 2016: $1,686,138Expenses 2016: $1,586,910Net Income 2016: $99,2282016Revenue 2017: $1,739,515Expenses 2017: $1,585,540Net Income 2017: $153,9752017Revenue 2018: $1,671,864Expenses 2018: $1,661,612Net Income 2018: $10,2522018Revenue 2019: $2,832,355Expenses 2019: $1,802,491Net Income 2019: $1,029,8642019Revenue 2020: $925,385Expenses 2020: $1,224,115Net Income 2020: -$298,7302020Revenue 2021: $2,833,055Expenses 2021: $1,759,152Net Income 2021: $1,073,9032021Revenue 2022: $3,230,896Expenses 2022: $2,171,753Net Income 2022: $1,059,1432022Revenue 2023: $3,033,000Expenses 2023: $2,805,351Net Income 2023: $227,6492023Revenue 2024: $1,997,952Expenses 2024: $2,669,527Net Income 2024: -$671,5752024

Highlighted filing

2014

Revenue$1,560,566
Expenses$1,423,488
Net Income$137,078
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 21, 2015
Return Version
2014v5.0
Gross Receipts
$1,560,566
Mission and Program Overview

Mission

The mission of CBI Inc.,is to enable sailing for all. We offer sailing and other water sports to people of all ages, abilities, and means in the greater Boston are. We promote an accessible and welcoming environment that encourages learning, volunteerism, and community spirit.

CBI was organized to provide the opportunity to sail / learn to sail to the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,173,052$1,234,433▲ $61,381
Cash and Non-Interest-Bearing Accounts$285,314$376,843▲ $91,529
Land, Buildings, and Equipment, Net$195,499$244,921▲ $49,422
Prepaid Expenses and Deferred Charges$25,589$36,202▲ $10,613
Accounts Receivable$475$26,568▲ $26,093
Total Assets$1,679,929$1,918,967▲ $239,038
Liabilities
Deferred Revenue$177,950$221,616▲ $43,666
Accounts Payable and Accrued Expenses$47,131$67,655▲ $20,524
Total Liabilities$225,081$289,271▲ $64,190
Net Assets / Fund Balance
Temporarily Rstr Net Assets$883,577$886,904▲ $3,327
Permanently Rstr Net Assets$375,146$430,178▲ $55,032
Unrestricted Net Assets$196,125$312,614▲ $116,489
Total Net Assets Fund Balance$1,454,848$1,629,696▲ $174,848
Total Liabilities and Net Assets / Fund Balance$1,679,929$1,918,967▲ $239,038

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$244,921$932,848$1,177,769
Other Securities$1,227,019--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,216,171$55,032▲ $61,379$45,250$1,287,332
2013$1,025,236$44,892▲ $187,418$41,375$1,216,171
2012$881,692$83,542▲ $91,928$31,926$1,025,236
2011$941,086$25,035▲ $10,653$95,082$881,692
2010$914,579$6,308▲ $20,199-$941,086
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charlie ZechelExecutive DirectorFT$97,591$7,606$105,197

Board Members and Trustees

NameTitle
Kayrn BrudnickiBoard President
Adam LipsonVice President
Brian McManusBoard member
Adam Gorlovsky ShcheppDirector
Andrew GriesingerDirector
Gary DuMoulinDirector
Jay KronfeldDirector
Scott KlineClerk
Chip GaysunasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$205,052
Program Service Revenue
$1,326,748
Investment Income
$28,766
Other Revenue
$0
All Other Contributions
$100,663
Change in Net Assets
$137,078

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,560,566
Revenue Not Reported on Form 990
$177,602
Total Revenue per Audited Statements
$1,738,168
Total Revenue per Form 990
$1,560,566
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$958,272
Other Expenses$465,216
Total Fundraising Expense$117,986
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$612,478$47,870$43,386$703,734
Other Employee Benefits$79,701$12,755$7,028$99,484
Current Officers, Directors, Trustees, and Key Employees$23,549$56,517$14,129$94,195
Other Expenses$53,588$3,946$38,291$91,879
Depreciation Depletion$87,921--$87,921
Payroll Taxes$48,727$7,822$4,310$60,859
Advertising$26,502$1,472$1,472$29,446
Insurance$25,769$1,432$1,432$28,633
Fees for Services Accounting$8,997$500$500$9,997
Total Functional Expenses$1,170,819$134,683$117,986$1,423,488

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,563,320
Expenses per Audited Statements$1,423,488
Total Expenses per Form 990$1,423,488
Expenses Not Reported on Form 990$139,832
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raise Sails$31,975$31,975$2,570$29,405
4th of July$72,413$28,755$18,147$10,608
Total Events$104,388$60,730$51,915$8,815
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The 990 is emailed out to the budget and finance committee of the Board of Directors before it is filed. If they have questions or concerns, they can get in touch with the Treasurer of the Board and their question is addressed prior to filing the 990.

Conflict of interest policy compliance Part VI line 12C

The conflict of interest policy is signed each year by each member of the Board of Directors.

CEO executive director top management comp Part VI line 15A

When hiring a new executive director or manager, it is company policy that the compensation comittee does a review using comparative data with other non profit organizations. The compensation committee will then recommend an amount to the Board. The Board sets compensation for existing senior management and those hired.

Other officer or key employee compensation Part VI line 15B

Key employee compensation is set by the compensation comittee of the Board.

Governing documents etc available to public Part VI line 19

The Organization makes it governing documents, conflict of interest policy and financial statements available to the public upon request. The attorney general's office of Massachusetts makes the form 990 and financial statements available on their website for public inspection.

Filing and Contact Details

Filer

Filer Name
Community Boating Inc
EIN
04-2084042
Address
21 David G Mugar Way, Boston, MA 02114

Signing Officer

Name
Chip Gaysunas
Title
Charlie Zechel
Signed
2015-04-21
Discuss with paid preparer
No

Organization Details

Formed
1946
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
79

Preparer

Firm
Melissa Gilroy CPA
Address
80 Greenacre Rd, Westwood, MA 02090
Preparer
Melissa Gilroy
Phone
7816964019
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Other changes in net assets is due to the recording of net unrealized and realized gains and losses on the financial statement not required to be reflected in the form 990.

General explanation attachment

Other program expense relates to the Universal Access Program which serves persons with disabilities learn to sail.

Financial Statement Notes

Other revenues not included on Form 990 (Part XI, line 2D)

Revenue included in the audited financial statements include in kind donated services and facilities that are not required to be included in the 990. Additionally, the cost of sales is netted against gross revenue in compliance with the 990 instructions but not required for financial statement presentation purposes. Cost of good sold is considered an expense for financial statement presentation.

Other expenses not included on Form 990 (Part XII, line 2D)

The audited financial statements require in kind facilities and services be included in expenditures. This is excluded for 990 filing purposes. Additionally, cost of sales in included in expenses for financial statement purposes but netted against revenue for tax filing purposes.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.86$0.67$6.20$2.00$2.67$0.67
2023Detailed filing. Detailed filing data is available for this year.$7.13$0.93$6.20$3.03$2.81$0.23
2022Detailed filing. Detailed filing data is available for this year.$6.15$0.67$5.48$3.23$2.17$1.06
2021Detailed filing. Detailed filing data is available for this year.$5.69$0.58$5.11$2.83$1.76$1.07
2020Detailed filing. Detailed filing data is available for this year.$4.30$0.69$3.61$0.93$1.22$0.30
2019Detailed filing. Detailed filing data is available for this year.$3.92$0.37$3.55$2.83$1.80$1.03
2018Detailed filing. Detailed filing data is available for this year.$2.46$0.35$2.11$1.67$1.66$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.54$0.30$2.24$1.74$1.59$0.15
2016Detailed filing. Detailed filing data is available for this year.$2.14$0.27$1.87$1.69$1.59$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.99$0.33$1.66$1.63$1.54$0.09
2014Detailed filing. Detailed filing data is available for this year.$1.92$0.29$1.63$1.56$1.42$0.14
2013Detailed filing. Detailed filing data is available for this year.$1.68$0.23$1.45$1.28$1.25$0.03
2012Summary only. Only limited summary data is available for this year.$1.55$0.28$1.26$1.32$1.24$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.25$1.11$1.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.28$1.08$1.18