Civic Intelligence

Community Boating Inc.

990 • Fiscal year 2019 • EIN 04-2084042

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 01, 2020

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

52nd percentile

0.09x

Higher debt load relative to assets than 52% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

58th percentile

0.13x

Higher debt load relative to revenue than 58% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

87th percentile

36%

Higher net margin than 87% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

81st percentile

$137,169

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

92nd percentile

59%

Faster asset growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

91st percentile

69%

Faster revenue growth than 91% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$3,917,430

Up $1,459,651 (+59%) from 2018

Net Assets

Up

$3,548,578

Up $1,436,847 (+68%) from 2018

Liabilities

Up

$368,852

Up $22,804 (+6.6%) from 2018

Revenue

Up

$2,832,355

Up $1,160,491 (+69%) from 2018

Expenses

Up

$1,802,491

Up $140,879 (+8.5%) from 2018

Net Income

Up

$1,029,864

Up $1,019,612 (+9945%) from 2018

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

2019

Assets$3,917,430
Liabilities$368,852
Net Assets$3,548,578

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

2019

Revenue$2,832,355
Expenses$1,802,491
Net Income$1,029,864
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 1, 2020
Return Version
2019v5.1
Gross Receipts
$2,832,355
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,534,385$2,946,455▲ $1,412,070
Land, Buildings, and Equipment, Net$501,395$484,058▼ $17,337
Cash and Non-Interest-Bearing Accounts$378,512$402,797▲ $24,285
Prepaid Expenses and Deferred Charges$40,778$83,509▲ $42,731
Accounts Receivable$2,710$611▼ $2,099
Total Assets$2,457,780$3,917,430▲ $1,459,650
Liabilities
Deferred Revenue$262,012$274,818▲ $12,806
Accounts Payable and Accrued Expenses$84,036$94,034▲ $9,998
Total Liabilities$346,048$368,852▲ $22,804
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,604,728$3,010,914▲ $1,406,186
Net Assets Without Donor Restrictions$507,004$537,664▲ $30,660
Total Net Assets Fund Balance$2,111,732$3,548,578▲ $1,436,846
Total Liabilities and Net Assets / Fund Balance$2,457,780$3,917,430▲ $1,459,650

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$484,058$988,179$1,472,237
Other Securities$2,835,716--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,604,221$944,597▲ $461,154$105,800$2,904,172
2018$1,670,200$96,428▼ $103,907$58,500$1,604,221
2017$1,401,455$70,291▲ $257,163$58,709$1,670,200
2016$1,267,710$55,181▲ $134,712$56,148$1,401,455
2015$1,287,332$59,245▼ $27,805$51,062$1,267,710
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charlie ZechelExecutive DirectorFT$121,723$15,446$137,169

Board Members and Trustees

NameTitle
John BatesBoard President
Pam HarveyVice President
Brian McManusVice President former
Barbara ChrenkoDirector
Catie OSullivanDirector
Chris YuDirector
Dana RobinsonDirector
Deb BoudreauDirector
Scott KlineClerk
Clifford GaysunasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,300,895
Program Service Revenue
$1,463,521
Investment Income
$67,939
Other Revenue
$0
All Other Contributions
$1,277,079
Change in Net Assets
$1,029,864

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,832,355
Revenue Not Reported on Form 990
$541,982
Total Revenue per Audited Statements
$3,374,337
Total Revenue per Form 990
$2,832,355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,300,484
Other Expenses$502,007
Total Fundraising Expense$82,335
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$872,508$72,190$18,415$963,113
Other Employee Benefits$107,449$17,277$4,363$129,089
Current Officers, Directors, Trustees, and Key Employees$30,321$72,773$18,193$121,287
Depreciation Depletion$110,257--$110,257
Payroll Taxes$72,964$11,202$2,829$86,995
Other Expenses$43,134$3,879$2,270$45,404
Insurance$34,627$1,924$1,924$38,475
Advertising$21,143--$21,143
Fees for Services Accounting$8,997$500$500$9,997
Travel$3,279$182$182$3,643
Total Functional Expenses$1,536,355$183,801$82,335$1,802,491

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,937,491
Expenses per Audited Statements$1,802,491
Total Expenses per Form 990$1,802,491
Expenses Not Reported on Form 990$135,000
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
4th of July$116,843$23,816$29,522$-5,706
Total Events$116,843$23,816$39,457$-15,641
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
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 35% controlled entity
No
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
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

There is just one classs of members of the organization.

Member election for additional members Part VI line 7A

New members are approved by the Board. A Board member will interview prospecitive new members before approving them as members. When new members are accepted they are announced at the annual meeting.

Governing body decisions Part VI line 7B

The members of the corporation elect the Board and make governance decisions such as changes to the bylaws.

Form 990 governing body review Part VI line 11

The 990 is emailed out to the budget and finance committee and the Board prior to filing. 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 and key employees.

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 its governing documents, conflict of interest policy and financial statements available to the public upon request. The attorney generals 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
Clifford Gaysunas
Title
Treasurer
Phone
6175231038
Signed
2020-08-01
Discuss with paid preparer
No

Organization Details

Formed
1946
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
103

Preparer

Firm
Melissa Gilroy CPA
Address
80 Greeancre 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.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0The adult and high school programs serve approximately 4000 individuals each year by providing classes and lessons that teach nautical arts and sciences including sailing, paddling, windsurfing, seamanship,and navigation. members have access to our fleet of 180+ vessels on the Charles River Lower Basin and are encouraged to participate in organized racing, both informal and formal. The adult Program operates seven days per week, April 1 thru October 31.
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IRS990/MissionDesc0The 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.
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IRS990/ProgSrvcAccomActy2Grp/Desc0The junior program serves over 1200 children by providing classes, lessons, and instruction in the nautical arts and sciences including sailing, paddling, and windsurfing. Junior Program Sailors may take classes, participate in racing,and have access to our fleet of 180+ vessels during junior program operating hours. The junior program operates for 10 weeks in summer from 8:30 to 3:00, Monday thru Friday.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0492840
IRS990/ProgSrvcAccomActy3Grp/Desc0The Universal Access Program (UAP) serves over 250 individuals with disabilities, both physical and cognitive, by teaching the nautical arts and sciences of sailing, paddling, and windsurfing. UAP sailors may make appointments for a scheduled lesson or recreational sails with a qualified instructor.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0Ancillary Activities - Provided for the convenience of members including parking, locker rentals, snack bar, and sales of related boating and sailing items.
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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