Civic Intelligence

Chesapeake Bay Outward Bound School Inc.

990 • Fiscal year 2023 • EIN 34-2007841

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

1900 Eagle DriveBaltimore, MD 21207

(410) 448-1721

Siviq Scores

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

Liabilities / Assets

25th percentile

0.03x

Higher debt load relative to assets than 25% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

42nd percentile

0.18x

Higher debt load relative to revenue than 42% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

5th percentile

-75%

Higher net margin than 5% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

41st percentile

$156,538

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

17th percentile

-3.9%

Faster asset growth than 17% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

9th percentile

-40%

Faster revenue growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$12,909,127

Down $522,162 (-3.9%) from 2022

Net Assets

Down

$12,463,829

Down $690,227 (-5.2%) from 2022

Liabilities

Up

$445,298

Up $168,065 (+61%) from 2022

Revenue

Down

$2,517,053

Down $1,667,537 (-40%) from 2022

Expenses

Up

$4,393,412

Up $80,032 (+1.9%) from 2022

Net Income

Down

-$1,876,359

Down $1,747,569 (-1357%) from 2022

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 2011: $3,588,786Liabilities 2011: $99,692Net Assets 2011: $3,489,0942011Assets 2012: $3,641,847Liabilities 2012: $33,370Net Assets 2012: $3,608,4772012Assets 2016: $5,073,949Liabilities 2016: $170,538Net Assets 2016: $4,903,4112016Assets 2017: $5,319,679Liabilities 2017: $129,541Net Assets 2017: $5,190,1382017Assets 2018: $11,514,034Liabilities 2018: $165,196Net Assets 2018: $11,348,8382018Assets 2019: $13,346,610Liabilities 2019: $383,734Net Assets 2019: $12,962,8762019Assets 2021: $15,791,418Liabilities 2021: $311,912Net Assets 2021: $15,479,5062021Assets 2022: $13,431,289Liabilities 2022: $277,233Net Assets 2022: $13,154,0562022Assets 2023: $12,909,127Liabilities 2023: $445,298Net Assets 2023: $12,463,8292023Assets 2024: $12,333,560Liabilities 2024: $414,749Net Assets 2024: $11,918,8112024

Highlighted filing

2023

Assets$12,909,127
Liabilities$445,298
Net Assets$12,463,829

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $1,111,0392011Expenses 2012: $1,119,2882012Revenue 2016: $2,597,453Expenses 2016: $2,037,162Net Income 2016: $560,2912016Revenue 2017: $2,549,886Expenses 2017: $2,430,293Net Income 2017: $119,5932017Revenue 2018: $8,957,235Expenses 2018: $2,671,943Net Income 2018: $6,285,2922018Revenue 2019: $3,478,515Expenses 2019: $2,713,814Net Income 2019: $764,7012019Revenue 2021: $4,070,576Expenses 2021: $3,449,813Net Income 2021: $620,7632021Revenue 2022: $4,184,590Expenses 2022: $4,313,380Net Income 2022: -$128,7902022Revenue 2023: $2,517,053Expenses 2023: $4,393,412Net Income 2023: -$1,876,3592023Revenue 2024: $5,721,724Expenses 2024: $4,554,661Net Income 2024: $1,167,0632024

Highlighted filing

2023

Revenue$2,517,053
Expenses$4,393,412
Net Income-$1,876,359
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$6,679,730
Mission and Program Overview

Mission

To inspire character development and self-discovery in people of all ages and walks of life through challenge and adventure and to impel them to achieve more than they ever thought possible, to show compassion for others and to actively engage in creating a better world.

To inspire character development and self-discovery in people of all ages and walks of life through challenge and adventure.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$8,068,615$9,064,622▲ $996,007
Land, Buildings, and Equipment, Net$2,703,237$2,601,611▼ $101,626
Cash and Non-Interest-Bearing Accounts$890,331$584,881▼ $305,450
Pledges and Grants Receivable$233,517$567,705▲ $334,188
Accounts Receivable$1,104,376$55,639▼ $1,048,737
Prepaid Expenses and Deferred Charges$28,437$33,105▲ $4,668
Savings and Temporary Cash Investments$402,776$1,564▼ $401,212
Total Assets$13,431,289$12,909,127▼ $522,162
Liabilities
Accounts Payable and Accrued Expenses$248,733$226,920▼ $21,813
Unsecured Notes Loans Payable-$179,688-
Deferred Revenue$28,500$38,690▲ $10,190
Total Liabilities$277,233$445,298▲ $168,065
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,381,770$9,882,433▲ $500,663
Net Assets Without Donor Restrictions$3,772,286$2,581,396▼ $1,190,890
Total Net Assets Fund Balance$13,154,056$12,463,829▼ $690,227
Total Liabilities and Net Assets / Fund Balance$13,431,289$12,909,127▼ $522,162

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,542,790$1,286,154$3,828,944
Equipment$40,127$123,757$163,884
Other Land Buildings$18,694$71,315$90,009
Other Securities$397,190--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$7,780,392$-341,384▲ $1,326,794-$8,765,802
2022$9,815,971$-318,250▼ $1,717,329-$7,780,392
2021$9,150,190$-353,905▲ $1,019,686-$9,815,971
2020$8,038,843$-187,547▲ $1,298,894-$9,150,190
2019$1,319,200$5,822,559▲ $897,084-$8,038,843
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kristen KomlosyExecutive DirectorFT$151,250$5,288$156,538
Phyllis KimChief Advancement OfficerFT$132,438$15,706$148,144
Natalie HaneyChief Operating OfficerFT$116,721$8,114$124,835
Revenue and Support

Revenue Composition

Contributions and Grants
$883,973
Program Service Revenue
$1,497,232
Investment Income
$163,839
Other Revenue
$-27,991
All Other Contributions
$494,457
Change in Net Assets
$-1,876,359

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded137$56,572Fair Market Value (FMV)
Total Noncash Contributions137$56,572-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,517,053
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,287,509
Total Revenue per Audited Statements
$3,804,562
Total Revenue per Form 990
$2,517,053
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,109,393
Other Expenses$1,284,019
Total Fundraising Expense$591,746
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,860,969$169,473$325,524$2,355,966
Other Employee Benefits$257,130$13,319$73,405$343,854
Payroll Taxes$195,316$24,702$33,017$253,035
Current Officers, Directors, Trustees, and Key Employees$123,426$11,085$22,027$156,538
Insurance$116,588$29,550-$146,138
Depreciation Depletion$110,162$13,735$17,394$141,291
Office Expenses$35,734$82,468$19,921$138,123
Fees for Services Other$34,402$61,401$21,216$117,019
Occupancy$64,399$15,248$19,311$98,958
All Other Expenses$43,386$16,394$7,958$67,738
Other Expenses$61,099$6,937$8,785$61,099
Advertising$25,228$3,842$14,409$43,479
Travel$22,605$13,327$1,371$37,303
Fees for Services Accounting$6,724$12,000$4,146$22,870
Fees for Services Legal$667$1,191$411$2,269
Total Functional Expenses$3,301,189$500,477$591,746$4,393,412

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,494,789
Expenses per Audited Statements$4,393,412
Total Expenses per Form 990$4,393,412
Expenses Not Reported on Form 990$101,377
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$55,377
Fundraising Gross Income$250
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cornerstone Banquet$255,952$250$17,404$-17,154
Total Events$255,952$250$55,377$-55,127
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
No
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, Part VI, Section B, Line 11B

The form 990 is reviewed by the executive director. After her review is complete, the form 990 is forwarded to the finance committee for final review before it is filed.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is reviewed annually at committee meetings by the board of directors.

Form 990, Part VI, Section B, Line 15A

The board reviews the recommended compensation based on analyzing current market trends and review of similar organizations' form 990.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and policies are available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Chesapeake Bay Outward
EIN
34-2007841
Phone
4104481721
Address
1900 EAGLE DRIVE, BALTIMORE, MD 21207

Signing Officer

Name
Will Ferretti
Title
Director of Finance
Phone
4104481721
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Will Ferretti
Formed
2004
Legal Domicile
Md
Voting Board Members
25
Independent Board Members
25
Employees
91
Volunteers
45

Preparer

Firm
Gorfine Schiller & Gardyn Pa
Address
10045 RED RUN BLVD SUITE 250, OWINGS MILLS, MD 21117
Preparer
Scott D Rodgville CPA
Phone
4103565900
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

The board is responsible for the oversight of the audit. The board reviews the completed financial statements and the form 990.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code. Asc topic, accounting for income taxes requires the organization to recognize or disclose any tax positions that would result in unrecognized tax benefits. The organization has no positions that would require disclosure or recognition under the topic.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

FUNDRAISING EXPENSES

PART XII, LINE 2D - OTHER ADJUSTMENTS:

FUNDRAISING EXPENSES

Schedule D, Part V, Line 4

Investments consist of donor-restricted endowment funds and board designated endowment funds. The organization has interpreted the maryland uniform prudent management of institutional funds act ("upmifa") as requiring the preservation of the fair value of the original gift as of the gift date of the donor restricted endowment funds absent explicit donor stipulations to the contrary. As a result of this interpretation, the organization classifies as permanently restricted net assets (a) the original value of gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment and (c) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. The remaining portion of the donor-restricted endowment fund that is not classified in permanently restricted net assets is classified as temporarily restricted net assets until those amounts are appropriated for expenditures by the organization in a manner consistent with the standard of prudence as prescribed by upmifa. In accordance with upmifa, the organization considers the duration and preservation of the fund; the purposes of the organization and donor-restricted endowment fund; general economic conditions; the possible effect of inflation and deflation; the expected total return from income and the appreciation of investments; other resources of the organization; and the investment policies of the organization.

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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/Desc0CHESAPEAKE BAY OUTWARD BOUND SCHOOL, INC PROVIDES ITS STUDENTS, EDUCATORS, SCHOOL ADMINISTRATORS AND COMMUNITY LEADERS WITH CHALLENGING EXPERIENCES THAT ARE SAFELY STRUCTURED TO ENHANCE LEADERSHIP, SELF-ESTEEM, SELF-RELIANCE, CONCERN FOR OTHERS, SERVICE TO THE COMMUNITY AND CARE FOR THE ENVIRONMENT. PROGRAM ACTIVITIES INCLUDE, BUT NOT LIMITED TO, BACKPACKING EXCURSIONS, ROCK CLIMBING TRIPS AND CANOEING. OUTWARD BOUND COURSES CREATE YOUNG LEADERS THROUGH EDUCATIONAL PROGRAMS IN THE WILDERNESS.OUTWARD BOUND AWARDS UP TO $3.7 MILLION IN SCHOLARSHIPS TO 6,000 STUDENTS EACH YEAR.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt25EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt27CHIEF ADVANCEMENT OFFICER
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IRS990/FormationYr02004
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IRS990/MissionDesc0TO INSPIRE CHARACTER DEVELOPMENT AND SELF-DISCOVERY IN PEOPLE OF ALL AGES AND WALKS OF LIFE THROUGH CHALLENGE AND ADVENTURE AND TO IMPEL THEM TO ACHIEVE MORE THAN THEY EVER THOUGHT POSSIBLE, TO SHOW COMPASSION FOR OTHERS AND TO ACTIVELY ENGAGE IN CREATING A BETTER WORLD.
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IRS990/OtherExpensesGrp/Desc0PROGRAM AND EQUIPMENT C
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IRS990/OtherExpensesGrp/TotalAmt265946
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IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE

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