Civic Intelligence

Tugboat Preservation Project

990EZ • Fiscal year 2023 • EIN 20-4105764

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 04, 2024

Organization ProfileN/A
325 Gold Street 4th FloorBrooklyn, NY 11201

(718) 596-0504

Siviq Scores

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

Liabilities / Assets

96th percentile

1.94x

Higher debt load relative to assets than 96% of similar nonprofits.

2023 filings • NTEE A99 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

2023 filings • NTEE A99 • <$500k nonprofits • Source year 2023

Asset Growth

26th percentile

-14%

Faster asset growth than 26% of similar nonprofits.

2023 filings • NTEE A99 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-100%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • NTEE A99 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets96th percentile

Assets

Flat

$20,910

Flat from 2023

Net Assets

-$19,678

No earlier filing loaded for comparison.

Liabilities

Flat

$40,588

Flat from 2023

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2023

Expenses

Flat

$3,381

Flat from 2023

Net Income

Flat

-$3,381

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$60K$40K$20K$0-$20KAssets 2019: $100Liabilities 2019: $02019Assets 2020: $5,994Liabilities 2020: $16,000Net Assets 2020: -$10,0062020Assets 2021: $5,522Liabilities 2021: $39,1122021Assets 2022: $24,291Liabilities 2022: $40,5882022Assets 2023: $20,910Liabilities 2023: $40,588Net Assets 2023: -$19,6782023Assets 2023: $20,910Liabilities 2023: $40,5882023

Highlighted filing

2023

Assets$20,910
Liabilities$40,588
Net Assets-$19,678
Open 2023 Filing

Operations Trend

Revenue Growth4th percentile

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

$40K$20K$0-$20K-$40KRevenue 2019: $100Expenses 2019: $0Net Income 2019: $1002019Revenue 2020: $1,000Expenses 2020: $11,106Net Income 2020: -$10,1062020Revenue 2021: $600Expenses 2021: $24,184Net Income 2021: -$23,5842021Revenue 2022: $20,000Expenses 2022: $2,707Net Income 2022: $17,2932022Revenue 2023: $0Expenses 2023: $3,381Net Income 2023: -$3,3812023Revenue 2023: $0Expenses 2023: $3,381Net Income 2023: -$3,3812023

Highlighted filing

2023

Revenue$0
Expenses$3,381
Net Income-$3,381
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 4, 2024
Return Version
2023v5.1
Gross Receipts
$0
Mission and Program Overview

Mission

Tugboat preservation project will restore and/or own several historic vessels of the 19th and early 20th centuries including historic wwii pt boats and tugboats. The goal of this organization is to restore these historic vessels to educate the public about their importance to new york state, the hudson river valley and industry in general on the east coast of the united states.

Program Services

DescriptionGrantsExpenses
CREATED INFRASTRUCTURE FOR FUTURE PROGRAM SERVICES.$0$0
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROBERT IANNUCCIPresident-$0--
DAN PROCTORExecutive Director-$0--
TIM FEENEYTrustee-$0--
ANTHONY TAMPONETrustee-$0--
IAN HOROWITZTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Tugboat Preservation Project
EIN
20-4105764
Phone
7185960504
Address
325 GOLD STREET 4TH FLOOR, BROOKLYN, NY 11201

Signing Officer

Name
Robert Iannucci
Title
President
Phone
7185960504
Signed
2024-11-04
Discuss with paid preparer
Yes

Preparer

Firm
Wagner Ferber Fine & Ackerman Pllc
Address
66 SOUTH TYSON AVENUE, FLORAL PARK, NY 11001
Preparer
Scott S Ackerman CPA
Phone
5163283800
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: equipment rental and maintenance. Amount: 700.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: loan payable. Beg. Of year amount: 40588. End of year amount: 40588.”

Raw XML Appendix147 raw XML fields

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

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0ROBERT IANNUCCI
IRS990EZ/BooksInCareOfDetail/PhoneNum07185960504
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0325 GOLD ST 4TH FLOOR
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BROOKLYN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd011201
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt024291
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt020910
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IRS990EZ/DirectIndirectPltclExpendAmt00
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IRS990EZ/ExcessOrDeficitForYearAmt0-3381
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IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-16297
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-19678
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-16297
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-19678
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ROBERT IANNUCCI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DAN PROCTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2TIM FEENEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ANTHONY TAMPONE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4IAN HOROWITZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TRUSTEE
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0700
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TUGBOAT PRESERVATION PROJECT WILL RESTORE AND/OR OWN SEVERAL HISTORIC VESSELS OF THE 19TH AND EARLY 20TH CENTURIES INCLUDING HISTORIC WWII PT BOATS AND TUGBOATS. THE GOAL OF THIS ORGANIZATION IS TO RESTORE THESE HISTORIC VESSELS TO EDUCATE THE PUBLIC ABOUT THEIR IMPORTANCE TO NEW YORK STATE, THE HUDSON RIVER VALLEY AND INDUSTRY IN GENERAL ON THE EAST COAST OF THE UNITED STATES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CREATED INFRASTRUCTURE FOR FUTURE PROGRAM SERVICES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt040588
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt040588
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt03381
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt020000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt021700
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt021700
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt020000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0100
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt021700
IRS990ScheduleA/TotalSupportAmt021700
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: EQUIPMENT RENTAL AND MAINTENANCE. AMOUNT: 700.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: LOAN PAYABLE. BEG. OF YEAR AMOUNT: 40588. END OF YEAR AMOUNT: 40588.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT IANNUCCI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07185960504
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TUGBOAT PRESERVATION PROJECT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0D/B/A FLEET OBSOLETE RESTORATION PROJECT
ReturnHeader/Filer/BusinessNameControlTxt0TUGB
ReturnHeader/Filer/EIN0204105764
ReturnHeader/Filer/PhoneNum07185960504
ReturnHeader/Filer/USAddress/AddressLine1Txt0325 GOLD STREET 4TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011201
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113061778
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WAGNER FERBER FINE & ACKERMAN PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt066 SOUTH TYSON AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLORAL PARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011001
ReturnHeader/PreparerPersonGrp/PhoneNum05163283800
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT S ACKERMAN CPA
ReturnHeader/ReturnTs02024-11-14T08:02:20-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,910
Liabilities
$40,588
Net assets
-$19,678
Revenue
$0
Expenses
$3,381
Net income
-$3,381
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$20.9$40.6$19.7$0.00$3.38$3.38
2023Summary only. Only limited summary data is available for this year.$20.9$40.6$0.00$3.38$3.38
2022Summary only. Only limited summary data is available for this year.$24.3$40.6$20.0$2.71$17.3
2021Summary only. Only limited summary data is available for this year.$5.52$39.1$0.60$24.2$23.6
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.99$16.0$10.0$1.00$11.1$10.1
2019Summary only. Only limited summary data is available for this year.$0.10$0.00$0.10$0.00$0.10