Civic Intelligence

Chesapeake Region Accessible Boating Inc.

990 • Fiscal year 2019 • EIN 35-2188410

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 09, 2020

PO Box 6564Annapolis, MD 21401

(410) 266-5722

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.04x

Higher debt load relative to assets than 72% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

0.04x

Higher debt load relative to revenue than 75% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

64th percentile

11%

Higher net margin than 64% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

98th percentile

$104,583

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 24.7% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

68th percentile

16%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

78th percentile

29%

Faster revenue growth than 78% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$381,443

Up $52,772 (+16%) from 2018

Net Assets

Up

$365,919

Up $45,217 (+14%) from 2018

Liabilities

Up

$15,524

Up $7,555 (+95%) from 2018

Revenue

Up

$424,056

Up $94,826 (+29%) from 2018

Expenses

Up

$378,839

Up $94,384 (+33%) from 2018

Net Income

Up

$45,217

Up $442 (+1.0%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $36,503Liabilities 2011: $2,375Net Assets 2011: $34,1282011Assets 2013: $144,903Liabilities 2013: $386Net Assets 2013: $144,5172013Assets 2014: $88,634Liabilities 2014: $1,539Net Assets 2014: $87,0952014Assets 2015: $85,626Liabilities 2015: $1,393Net Assets 2015: $84,2332015Assets 2017: $283,691Liabilities 2017: $7,764Net Assets 2017: $275,9272017Assets 2018: $328,671Liabilities 2018: $7,969Net Assets 2018: $320,7022018Assets 2019: $381,443Liabilities 2019: $15,524Net Assets 2019: $365,9192019Assets 2020: $741,114Liabilities 2020: $19,529Net Assets 2020: $721,5852020Assets 2021: $2,942,118Liabilities 2021: $23,646Net Assets 2021: $2,918,4722021Assets 2022: $3,722,323Liabilities 2022: $58,019Net Assets 2022: $3,664,3042022Assets 2024: $4,557,141Liabilities 2024: $72,494Net Assets 2024: $4,484,6472024

Highlighted filing

2019

Assets$381,443
Liabilities$15,524
Net Assets$365,919

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $112,008Expenses 2011: $123,988Net Income 2011: -$11,9802011Expenses 2013: $196,9642013Revenue 2014: $99,121Expenses 2014: $156,543Net Income 2014: -$57,4222014Revenue 2015: $160,027Expenses 2015: $169,398Net Income 2015: -$9,3712015Revenue 2017: $482,476Expenses 2017: $350,702Net Income 2017: $131,7742017Revenue 2018: $329,230Expenses 2018: $284,455Net Income 2018: $44,7752018Revenue 2019: $424,056Expenses 2019: $378,839Net Income 2019: $45,2172019Revenue 2020: $784,202Expenses 2020: $448,315Net Income 2020: $335,8872020Revenue 2021: $2,696,356Expenses 2021: $514,810Net Income 2021: $2,181,5462021Revenue 2022: $1,462,574Expenses 2022: $594,659Net Income 2022: $867,9152022Revenue 2024: $1,033,570Expenses 2024: $802,497Net Income 2024: $231,0732024

Highlighted filing

2019

Revenue$424,056
Expenses$378,839
Net Income$45,217
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 9, 2020
Return Version
2019v5.0
Gross Receipts
$454,501
Mission and Program Overview

Mission

Chesapeake region accessible boating is a 501 (c)(3) non-profit organization founded in 1991 to bring the thrill, freedom, and therapeutic value of sailing to people with disabilities, wounded warriors, and children from at-risk communities on chesapeake bay.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$126,379$248,454▲ $122,075
Land, Buildings, and Equipment, Net$87,480$82,038▼ $5,442
Cash and Non-Interest-Bearing Accounts$104,762$41,510▼ $63,252
Prepaid Expenses and Deferred Charges$10,050--
Pledges and Grants Receivable-$9,441-
Total Assets$328,671$381,443▲ $52,772
Liabilities
Other Liabilities$7,327$15,524▲ $8,197
Accounts Payable and Accrued Expenses$642--
Total Liabilities$7,969$15,524▲ $7,555
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$320,702$365,919▲ $45,217
Total Net Assets Fund Balance$320,702$365,919▲ $45,217
Total Liabilities and Net Assets / Fund Balance$328,671$381,443▲ $52,772
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paul Bollinger JrExecutive DiFT$104,583$104,583

Board Members and Trustees

NameTitle
Brad La TourPresident
Matt SchaafDirector
Sandy GrosvenorDirector
Scott GitchellDirector
Tarry LomaxDirector
Wendy Mitman-clarkeDirector
Jonathan AdamsTreasurer
David HankeyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$191,943
Program Service Revenue
$21,106
Investment Income
$13,668
Other Revenue
$197,339
All Other Contributions
$191,943
Change in Net Assets
$45,217

Audited Revenue Reconciliation

Revenue per Audited Statements
$424,056
Total Revenue per Audited Statements
$424,056
Total Revenue per Form 990
$424,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$223,931
Other Expenses$154,908
Total Fundraising Expense$17,654
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$83,666$14,642$6,275$104,583
Other Salaries and Wages$64,172$11,230$4,813$80,215
Fees for Services Other$27,214$210$183$27,607
Fees for Services Lobbying$21,200$3,710$1,590$26,500
Other Employee Benefits$18,198$3,185$1,365$22,748
Occupancy$15,972$2,216$950$19,138
Depreciation Depletion$16,542--$16,542
Payroll Taxes$13,108$2,294$983$16,385
Fees for Services Accounting$9,585$1,677$719$11,981
Advertising$11,933--$11,933
Insurance$9,547$808-$10,355
All Other Expenses$4,371$2,436$106$6,913
Travel$5,660--$5,660
Office Expenses$3,120$547$235$3,902
Other Expenses$2,028$355$152$2,535
Fees for Service Investment Mgmnt Fees-$215-$215
Total Functional Expenses$317,000$44,185$17,654$378,839

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$378,839
Total Expenses per Audited Statements$378,839
Total Expenses per Form 990$378,839
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$227,784
Fundraising Direct Expenses$30,445
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Regatta Income$120,528$120,528$22,515$98,013
Donated Boat Sa$107,256$107,256$7,930$99,326
Total Events$227,784$227,784$30,445$197,339
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$13,777
Credit Cards$1,747
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is circulated to the executive committee for their review and concurrence prior to submittal.

Form 990, Page 6, Part VI, Line 15A

The executive committee determines the salary of the executive director based on review of measurement of achieved goals set at the beginning of each year.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request or via crab's web site at www.crabsailing.org.

Filing and Contact Details

Filer

Filer Name
Chesapeake Region Accessible
EIN
35-2188410
Phone
4102665722
Address
PO BOX 6564, ANNAPOLIS, MD 21401

Signing Officer

Name
Paul Bollinger Jr
Title
Executive Director
Phone
4102665722
Signed
2020-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Bollinger Jr
Formed
1991
Legal Domicile
Md
Voting Board Members
8
Independent Board Members
8
Employees
7
Volunteers
122

Preparer

Firm
Annapolis Accounting Services Inc
Address
2014 RENARD CT STE H, ANNAPOLIS, MD 21401-6764
Preparer
Chris Battista CPA
Phone
4105730410
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Chesapeake region accessible boating is a 501 (c)(3) non-profit organization founded in 1991 to bring the thrill, freedom, and therapeutic value of sailing to people with disabilities, wounded warriors, and children from at-risk communities on chesapeake bay.

Form 990, Page 2, Part III, Line 4A

The recovering warrior sailing regattas were held in cooperation in annapolis. Warriors and family members from walter reed national military medical center, the washington va, and the region were hosted for 2 days of racing,complimentary lunch, and awards. Crab was pleased to host two regattas for 25 warriors and their family members, including service dogs. The don backe memorial regatta hosted by the annapolis yacht club provided six disabled skippers and their disabled crew with the opportunity to race in crab's sailboats against each other. The boats also had ayc tacticians aboard who provided expert support in race tactics and strategy. The 2019 crab cup was one of the most successful in fundraising history. The race featured over 80 boats and 300 skippers and crew. The fundraising associated with the event raised a record 120,000. Crab hosted 3 kids sailing camps in conjunction with the annapolis city police and the anne arundel county police for children from at-risk communities. Approximately 88 children learned the basics of sailing all the way up to racing in the two days of instruction. All meals were provided as well as tee-shirts and graduation certificates. The crab beneteau first 22a (a for adaptive) fleet had additional modifications made to the boats to make they even better of our special guests. Crab participated in the annapolis spring boat show and the us sailboat show in the fall. Both events provide excellent name recognition and awareness for crab before tens of thousands of sailors. Many future volunteer skippers learn about crab at the boat show; and, a number of people who learn about crab chose to donate their boats in support of crab's sailing operations. In 2019, over 95 volunteer skippers, crew, and support staff donated more than 2,500 hours of their time in support of crab's programs and services.

Form 990, Page 2, Part III, Line 4D

1.donate boat sale revenue: proceeds are used to support the operations and programs outlined in the first program achievement.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHESAPEAKE REGION ACCESSIBLE BOATING IS A 501 (C)(3) NON-PROFIT ORGANIZATION FOUNDED IN 1991 TO BRING THE THRILL, FREEDOM, AND THERAPEUTIC VALUE OF SAILING TO PEOPLE WITH DISABILITIES, WOUNDED WARRIORS, AND CHILDREN FROM AT-RISK COMMUNITIES ON CHESAPEAKE BAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RECOVERING WARRIOR SAILING REGATTAS WERE HELD IN COOPERATION IN ANNAPOLIS. WARRIORS AND FAMILY MEMBERS FROM WALTER REED NATIONAL MILITARY MEDICAL CENTER, THE WASHINGTON VA, AND THE REGION WERE HOSTED FOR 2 DAYS OF RACING,COMPLIMENTARY LUNCH, AND AWARDS. CRAB WAS PLEASED TO HOST TWO REGATTAS FOR 25 WARRIORS AND THEIR FAMILY MEMBERS, INCLUDING SERVICE DOGS. THE DON BACKE MEMORIAL REGATTA HOSTED BY THE ANNAPOLIS YACHT CLUB PROVIDED SIX DISABLED SKIPPERS AND THEIR DISABLED CREW WITH THE OPPORTUNITY TO RACE IN CRAB'S SAILBOATS AGAINST EACH OTHER. THE BOATS ALSO HAD AYC TACTICIANS ABOARD WHO PROVIDED EXPERT SUPPORT IN RACE TACTICS AND STRATEGY. THE 2019 CRAB CUP WAS ONE OF THE MOST SUCCESSFUL IN FUNDRAISING HISTORY. THE RACE FEATURED OVER 80 BOATS AND 300 SKIPPERS AND CREW. THE FUNDRAISING ASSOCIATED WITH THE EVENT RAISED A RECORD 120,000. CRAB HOSTED 3 KIDS SAILING CAMPS IN CONJUNCTION WITH THE ANNAPOLIS CITY POLICE AND THE ANNE ARUNDEL COUNTY POLICE FOR CHILDREN FROM AT-RISK COMMUNITIES. APPROXIMATELY 88 CHILDREN LEARNED THE BASICS OF SAILING ALL THE WAY UP TO RACING IN THE TWO DAYS OF INSTRUCTION. ALL MEALS WERE PROVIDED AS WELL AS TEE-SHIRTS AND GRADUATION CERTIFICATES. THE CRAB BENETEAU FIRST 22A (A FOR ADAPTIVE) FLEET HAD ADDITIONAL MODIFICATIONS MADE TO THE BOATS TO MAKE THEY EVEN BETTER OF OUR SPECIAL GUESTS. CRAB PARTICIPATED IN THE ANNAPOLIS SPRING BOAT SHOW AND THE US SAILBOAT SHOW IN THE FALL. BOTH EVENTS PROVIDE EXCELLENT NAME RECOGNITION AND AWARENESS FOR CRAB BEFORE TENS OF THOUSANDS OF SAILORS. MANY FUTURE VOLUNTEER SKIPPERS LEARN ABOUT CRAB AT THE BOAT SHOW; AND, A NUMBER OF PEOPLE WHO LEARN ABOUT CRAB CHOSE TO DONATE THEIR BOATS IN SUPPORT OF CRAB'S SAILING OPERATIONS. IN 2019, OVER 95 VOLUNTEER SKIPPERS, CREW, AND SUPPORT STAFF DONATED MORE THAN 2,500 HOURS OF THEIR TIME IN SUPPORT OF CRAB'S PROGRAMS AND SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21.DONATE BOAT SALE REVENUE: PROCEEDS ARE USED TO SUPPORT THE OPERATIONS AND PROGRAMS OUTLINED IN THE FIRST PROGRAM ACHIEVEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS CIRCULATED TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW AND CONCURRENCE PRIOR TO SUBMITTAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE COMMITTEE DETERMINES THE SALARY OF THE EXECUTIVE DIRECTOR BASED ON REVIEW OF MEASUREMENT OF ACHIEVED GOALS SET AT THE BEGINNING OF EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST OR VIA CRAB'S WEB SITE AT WWW.CRABSAILING.ORG.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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