Civic Intelligence

Oklahoma City Boathouse Foundation

990 • Fiscal year 2017 • EIN 20-1837237

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

725 S LincolnOklahoma City, OK 73129

(405) 552-4040

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.24x

Higher debt load relative to assets than 53% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

59th percentile

0.33x

Higher debt load relative to revenue than 59% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

73rd percentile

14%

Higher net margin than 73% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

56th percentile

$190,550

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

8th percentile

-9.1%

Faster asset growth than 8% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

23rd percentile

-4.9%

Faster revenue growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Down

$13,557,242

Down $1,362,672 (-9.1%) from 2016

Net Assets

Up

$10,291,246

Up $1,776,282 (+21%) from 2016

Liabilities

Down

$3,265,996

Down $3,138,954 (-49%) from 2016

Revenue

Down

$9,822,346

Down $511,493 (-4.9%) from 2016

Expenses

Down

$8,485,275

Down $3,167,038 (-27%) from 2016

Net Income

Up

$1,337,071

Up $2,655,545 (+201%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $11,009,662Liabilities 2010: $697,442Net Assets 2010: $10,312,2202010Assets 2011: $13,513,547Liabilities 2011: $1,522,072Net Assets 2011: $11,991,4752011Assets 2012: $17,154,777Liabilities 2012: $2,062,788Net Assets 2012: $15,091,9892012Assets 2013: $16,204,821Liabilities 2013: $2,573,970Net Assets 2013: $13,630,8512013Assets 2014: $15,251,294Liabilities 2014: $2,832,699Net Assets 2014: $12,418,5952014Assets 2015: $16,085,542Liabilities 2015: $5,708,519Net Assets 2015: $10,377,0232015Assets 2016: $14,919,914Liabilities 2016: $6,404,950Net Assets 2016: $8,514,9642016Assets 2017: $13,557,242Liabilities 2017: $3,265,996Net Assets 2017: $10,291,2462017Assets 2018: $12,825,309Liabilities 2018: $3,534,013Net Assets 2018: $9,291,2962018Assets 2019: $16,910,538Liabilities 2019: $3,738,619Net Assets 2019: $13,171,9192019Assets 2020: $16,141,595Liabilities 2020: $4,804,326Net Assets 2020: $11,337,2692020Assets 2021: $15,712,493Liabilities 2021: $3,863,382Net Assets 2021: $11,849,1112021Assets 2022: $17,010,844Liabilities 2022: $4,321,203Net Assets 2022: $12,689,6412022Assets 2023: $15,390,088Liabilities 2023: $3,797,830Net Assets 2023: $11,592,2592023Assets 2024: $16,611,224Liabilities 2024: $4,742,707Net Assets 2024: $11,868,5192024

Highlighted filing

2017

Assets$13,557,242
Liabilities$3,265,996
Net Assets$10,291,246

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2010: $9,902,387Expenses 2010: $3,685,118Net Income 2010: $6,217,2692010Revenue 2011: $6,407,079Expenses 2011: $4,727,824Net Income 2011: $1,679,2552011Revenue 2012: $9,274,923Expenses 2012: $6,174,409Net Income 2012: $3,100,5142012Revenue 2013: $4,773,319Expenses 2013: $6,134,457Net Income 2013: -$1,361,1382013Revenue 2014: $5,916,566Expenses 2014: $7,128,822Net Income 2014: -$1,212,2562014Revenue 2015: $6,336,596Expenses 2015: $8,469,926Net Income 2015: -$2,133,3302015Revenue 2016: $10,333,839Expenses 2016: $11,652,313Net Income 2016: -$1,318,4742016Revenue 2017: $9,822,346Expenses 2017: $8,485,275Net Income 2017: $1,337,0712017Revenue 2018: $7,619,560Expenses 2018: $9,297,680Net Income 2018: -$1,678,1202018Revenue 2019: $7,681,682Expenses 2019: $8,017,331Net Income 2019: -$335,6492019Revenue 2020: $5,278,593Expenses 2020: $7,108,373Net Income 2020: -$1,829,7802020Revenue 2021: $8,351,381Expenses 2021: $7,839,540Net Income 2021: $511,8412021Revenue 2022: $9,784,157Expenses 2022: $8,943,626Net Income 2022: $840,5312022Revenue 2023: $8,236,588Expenses 2023: $9,333,969Net Income 2023: -$1,097,3812023Revenue 2024: $10,071,689Expenses 2024: $9,795,431Net Income 2024: $276,2582024

Highlighted filing

2017

Revenue$9,822,346
Expenses$8,485,275
Net Income$1,337,071
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.2
Gross Receipts
$10,060,927
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,643,070$11,866,675▼ $1,776,395
Pledges and Grants Receivable-$787,153-
Loans From Officers Directors$87,140$450,000▲ $362,860
Savings and Temporary Cash Investments$135,873$246,789▲ $110,916
Inventories for Sale or Use$101,301$50,012▼ $51,289
Prepaid Expenses and Deferred Charges$261,920$26,366▼ $235,554
Accounts Receivable$192,841$3,200▼ $189,641
Total Assets$14,919,914$13,557,242▼ $1,362,672
Other Assets Total$584,909$577,047▼ $7,862
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,687,957$2,181,536▼ $506,421
Deferred Revenue$842,396--
Accounts Payable and Accrued Expenses$1,724,198$532,679▼ $1,191,519
Other Liabilities$143,954--
Unsecured Notes Loans Payable$919,305$101,781▼ $817,524
Total Liabilities$6,404,950$3,265,996▼ $3,138,954
Net Assets / Fund Balance
Unrestricted Net Assets$3,000,541$10,244,783▲ $7,244,242
Permanently Rstr Net Assets$94,195--
Temporarily Rstr Net Assets$5,420,228$46,463▼ $5,373,765
Total Net Assets Fund Balance$8,514,964$10,291,246▲ $1,776,282
Total Liabilities and Net Assets / Fund Balance$14,919,914$13,557,242▼ $1,362,672

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,688,206$8,520,329$19,208,535
Equipment$851,817$3,081,188$3,933,005
Other Land Buildings$326,652$366,521$693,173

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$48,524-▼ $2,061-$46,463
2016$32,707$15,817--$48,524
2015$32,707---$32,707
2014$32,762---$32,707
2013$32,764---$32,762
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael J KnoppExecutive DirectorFT$185,000$5,550$190,550
Michael J Knopp--$185,000$5,550$190,550
Elizabeth M LaurentSr. Director Mrktg/eventsFT$133,500$6,783$140,283
John Edward RiggsSr. Director OPERATIONSFT$100,192$14,823$115,015

Board Members and Trustees

NameTitle
Alan MarcumBoard Member
Ann LacyBoard Member
Chris LawsonBoard Member
Christopher P ReenBoard Member
Clayton I BennettBoard Member
Dan BorenBoard Member
David CarpenterBoard Member
Don BetzBoard Member
Grey DeweyBoard Member
J Blake WadeBoard Member
Jim AbbottBoard Member
Joe ClytusBoard Member
John Michael WilliamsBoard Member
Lee Allan SmithBoard Member
Lindy RobertsBoard Member
Martha a BurgerBoard Member
Michael WhittingtonBoard Member
Patrick J DownesBoard Member
Peter B DelaneyBoard Member
R Sean TrauschkeBoard Member
Rhonda HooperBoard Member
Roy H WilliamsBoard Member
Tom McdanielBoard Member
Trent WardBoard Member
William CanfieldBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Monarch Marketing Group LLCConstruction200 NW 63RD ST, Oklahoma City, OK 73116$262,138
Wiegand Sports LLCSports ServicesPO BOX 570, Stevensville, MT 59870$187,079
Revenue and Support

Revenue Composition

Contributions and Grants
$6,205,383
Program Service Revenue
$3,274,018
Investment Income
$66,740
Other Revenue
$276,205
All Other Contributions
$6,178,334
Change in Net Assets
$1,337,071
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,090,683
Salaries, Compensation, and Employee Benefits$3,394,592
Total Fundraising Expense$209,253
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,070,810$703,855$109,777$2,884,442
Depreciation Depletion$1,800,566$0$0$1,800,566
Other Expenses$946,537$0$0$946,537
Insurance$325,641$108,547$0$434,188
All Other Expenses$392,276$28,927$12,156$433,359
Advertising$380,038$822$22,227$403,087
Payroll Taxes$166,589$56,623$8,831$232,043
Current Officers, Directors, Trustees, and Key Employees$185,000$0$0$185,000
Interest$0$124,647$322$124,969
Other Employee Benefits$37,364$55,743$0$93,107
Fees for Services Other$43,395$152$40,000$83,547
Occupancy$63,551$0$0$63,551
Travel$39,874$15,653$265$55,792
Information Technology$8,432$25,297$0$33,729
Fees for Services Accounting$0$30,900$0$30,900
Office Expenses$17,865$0$114$17,979
Total Functional Expenses$7,117,894$1,158,128$209,253$8,485,275
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$50,058
Fundraising Direct Expenses$3,676
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Jr.crew$50,058$50,058$3,676$46,382
Total Events$50,058$50,058$3,676$46,382
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Martha a Burger - Ocu2017 Board MemberSee Statement BelowYes$100,000
Rhonda Hooper-jordan Adv2017 Board MemberVideoYes$12,560

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$87,140$450,000▲ $362,860
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Filing and Contact Details

Filer

Filer Name
Oklahoma City Boathouse Foundation
EIN
20-1837237
Phone
4055524040
Address
725 S LINCOLN, OKLAHOMA CITY, OK 73129

Signing Officer

Name
Mike Knopp
Title
Executive Director
Phone
4055524040
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Knopp
Formed
2004
Legal Domicile
Ok
Voting Board Members
26
Independent Board Members
25
Employees
335
Volunteers
400

Preparer

Firm
Hspg & Associates Pc
Address
5400 N GRAND BLVD STE 330, OKLAHOMA CITY, OK 73112
Preparer
Eric F Percival
Phone
4058449995
Supplemental Narrative

Additional Explanations

Pt VI, Line 12C

Form 990, page 1, part i, line 1; & page 2, part iii lines 1 and 4a: the oklahoma city boathouse foundation's mission is to develop and operate facilites and programs to improve the quality of life in oklahoma city, pursue the highest goals of sports and fitness, attract diverse involvement in the boathouse and related events that generate a positive public image and economic opportunity, and promote the use and development of the oklahoma river as a world class urban aquatic venue.

Pt VI, Line 11B

The business finance manager and executive director review the returns before filing.

Pt VI, Line 15A

The executive committee of the board of directors discusses and determines compensation.

Pt VI, Line 19

Information is available upon request

Pt VI, Line 15B

The executive committee of the board of directors discusses and determines compensation.

Pt VI, Line 12C

Every responsible person is required to review a copy of the policy as well as annually completing a disclosure form identifying any conflicts of interest.

Other

Form 990, page 3, part iv, line 12a; page 12, part xii, lines 2b & 2c; and schedule d parts xi, xii & xiii. The oklahoma city boathouse foundation's audit report was not completed and issued by the due date (including extensions) of the tax return. Upon completion of the audit, the 2017 return will be amended. The allocation of the functional expenses on schedule ix are based on client estimates and may be adjusted upon completion of the audit.

Form 990, Part IX, Line 24E

Bad debt 20390. 20390. 0. 0.

Form 990, Part IX, Line 24E

Contract labor 49309. 35400. 12032. 1877.

Form 990, Part IX, Line 24E

Dues & subscriptions 35429. 29042. 1775. 4612.

Form 990, Part IX, Line 24E

Equipment rental 46348. 45495. 0. 853.

Form 990, Part IX, Line 24E

Licenses & permits 16661. 16661. 0. 0.

Form 990, Part IX, Line 24E

Merchant fees 122791. 122791. 0. 0.

Form 990, Part IX, Line 24E

Minor equipment 56416. 54215. 0. 2201.

Form 990, Part IX, Line 24E

Miscellaneous 11236. 11215. 0. 21.

Form 990, Part IX, Line 24E

Payroll processing fee 58547. 42032. 14287. 2228.

Form 990, Part IX, Line 24E

Postage, shipping, & delivery 3082. 3074. 0. 8.

Form 990, Part IX, Line 24E

Printing & copying 5593. 5406. 6. 181.

Form 990, Part IX, Line 24E

Property tax 546. 546. 0. 0.

Form 990, Part IX, Line 24E

Sales tax 1302. 1302. 0. 0.

Form 990, Part IX, Line 24E

Staff development 5709. 4707. 827. 175.

Financial Statement Notes

Pt V, Line 4

Permanently restricted net assets of $46,463 are held by the oklahoma city community foundation.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26SR. DIR MRKTG/EVENTS
IRS990/Form990PartVIISectionAGrp/TitleTxt27Sr. DIR OPERATIONS
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt037364
IRS990/OtherEmployeeBenefitsGrp/TotalAmt093107
IRS990/OtherExpensesGrp/Desc0PROGRAM SERVICES
IRS990/OtherExpensesGrp/Desc1EQUIP-REPAIRS & MAINT
IRS990/OtherExpensesGrp/Desc2FACILITIES-REPAIRS & MAINT
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/FundraisingAmt01770
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt213791
IRS990/OtherExpensesGrp/FundraisingAmt30

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.6$4.74$11.9$10.1$9.80$0.28
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.4$3.80$11.6$8.24$9.33$1.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.0$4.32$12.7$9.78$8.94$0.84
2021Detailed filing. Detailed filing data is available for this year.$15.7$3.86$11.8$8.35$7.84$0.51
2020Detailed filing. Detailed filing data is available for this year.$16.1$4.80$11.3$5.28$7.11$1.83
2019Summary only. Only limited summary data is available for this year.$16.9$3.74$13.2$7.68$8.02$0.34
2018Summary only. Only limited summary data is available for this year.$12.8$3.53$9.29$7.62$9.30$1.68
2017Detailed filing. Detailed filing data is available for this year.$13.6$3.27$10.3$9.82$8.49$1.34
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.9$6.40$8.51$10.3$11.7$1.32
2015Detailed filing. Detailed filing data is available for this year.$16.1$5.71$10.4$6.34$8.47$2.13
2014Summary only. Only limited summary data is available for this year.$15.3$2.83$12.4$5.92$7.13$1.21
2013Summary only. Only limited summary data is available for this year.$16.2$2.57$13.6$4.77$6.13$1.36
2012Summary only. Only limited summary data is available for this year.$17.2$2.06$15.1$9.27$6.17$3.10
2011Summary only. Only limited summary data is available for this year.$13.5$1.52$12.0$6.41$4.73$1.68
2010Summary only. Only limited summary data is available for this year.$11.0$0.70$10.3$9.90$3.69$6.22
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $10M-$25M nonprofits