Civic Intelligence

Boat Us Foundation

990 • Fiscal year 2020 • EIN 54-1156448

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 06, 2021

147 Old Solomons Island Road No 5Annapolis, MD 21401

(703) 461-2878

Siviq Scores

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

Liabilities / Assets

56th percentile

0.14x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

50th percentile

0.14x

Higher debt load relative to revenue than 50% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

51st percentile

5.6%

Higher net margin than 51% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

79th percentile

$127,980

Higher top officer pay than 79% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

69th percentile

17%

Faster asset growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

44th percentile

-2.2%

Faster revenue growth than 44% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,666,023

Up $389,951 (+17%) from 2019

Net Assets

Up

$2,297,338

Up $244,266 (+12%) from 2019

Liabilities

Up

$368,685

Up $145,685 (+65%) from 2019

Revenue

Down

$2,676,892

Down $58,872 (-2.2%) from 2019

Expenses

Up

$2,527,481

Up $384,300 (+18%) from 2019

Net Income

Down

$149,411

Down $443,172 (-75%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,271,246Liabilities 2010: $377,192Net Assets 2010: $894,0542010Assets 2011: $1,353,912Liabilities 2011: $149,205Net Assets 2011: $1,204,7072011Assets 2012: $1,547,261Liabilities 2012: $145,380Net Assets 2012: $1,401,8812012Assets 2013: $1,892,953Liabilities 2013: $393,843Net Assets 2013: $1,499,1102013Assets 2014: $1,969,126Liabilities 2014: $318,494Net Assets 2014: $1,650,6322014Assets 2015: $1,516,785Liabilities 2015: $208,550Net Assets 2015: $1,308,2352015Assets 2016: $1,512,491Liabilities 2016: $274,714Net Assets 2016: $1,237,7772016Assets 2017: $1,708,779Liabilities 2017: $292,634Net Assets 2017: $1,416,1452017Assets 2018: $1,714,733Liabilities 2018: $362,262Net Assets 2018: $1,352,4712018Assets 2019: $2,276,072Liabilities 2019: $223,000Net Assets 2019: $2,053,0722019Assets 2020: $2,666,023Liabilities 2020: $368,685Net Assets 2020: $2,297,3382020Assets 2021: $2,787,236Liabilities 2021: $534,995Net Assets 2021: $2,252,2412021Assets 2022: $2,346,168Liabilities 2022: $765,359Net Assets 2022: $1,580,8092022Assets 2023: $2,030,650Liabilities 2023: $1,313,019Net Assets 2023: $717,6312023Assets 2024: $2,041,714Liabilities 2024: $1,073,789Net Assets 2024: $967,9252024

Highlighted filing

2020

Assets$2,666,023
Liabilities$368,685
Net Assets$2,297,338

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,566,1222010Revenue 2011: $1,495,090Expenses 2011: $1,390,084Net Income 2011: $105,0062011Revenue 2012: $1,533,376Expenses 2012: $1,385,266Net Income 2012: $148,1102012Revenue 2013: $2,323,640Expenses 2013: $2,256,435Net Income 2013: $67,2052013Revenue 2014: $2,320,841Expenses 2014: $2,188,555Net Income 2014: $132,2862014Revenue 2015: $1,698,318Expenses 2015: $1,965,958Net Income 2015: -$267,6402015Revenue 2016: $1,801,600Expenses 2016: $1,857,107Net Income 2016: -$55,5072016Revenue 2017: $2,170,807Expenses 2017: $2,067,558Net Income 2017: $103,2492017Revenue 2018: $2,256,414Expenses 2018: $2,208,740Net Income 2018: $47,6742018Revenue 2019: $2,735,764Expenses 2019: $2,143,181Net Income 2019: $592,5832019Revenue 2020: $2,676,892Expenses 2020: $2,527,481Net Income 2020: $149,4112020Revenue 2021: $3,240,469Expenses 2021: $3,255,722Net Income 2021: -$15,2532021Revenue 2022: $3,087,053Expenses 2022: $3,590,880Net Income 2022: -$503,8272022Revenue 2023: $2,578,142Expenses 2023: $3,539,115Net Income 2023: -$960,9732023Revenue 2024: $4,058,802Expenses 2024: $3,848,827Net Income 2024: $209,9752024

Highlighted filing

2020

Revenue$2,676,892
Expenses$2,527,481
Net Income$149,411
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 6, 2021
Return Version
2020v4.1
Gross Receipts
$2,698,637
Mission and Program Overview

Mission

The boatu.s. Foundation is an innovative leader promoting safe, clean, and responsible boating. The foundation provides educational outreach directly to boaters and supports partner organizations nationwide.with millions of boaters on the water, our aim is to reduce accidents and fatalities, increase stewardship of our waterways and keep boating a safe and enjoyable pastime. The boatus foundation is a national 501(c)(3) nonprofit organization. Our work is primarily funded by grants and individual donations.

Boatu.s. Foundation is an innovative leader promoting safe, clean, and responsible boating.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$855,527$1,041,397▲ $185,870
Land, Buildings, and Equipment, Net$818,562$960,525▲ $141,963
Cash and Non-Interest-Bearing Accounts$442,401$505,050▲ $62,649
Prepaid Expenses and Deferred Charges$78,899$103,001▲ $24,102
Inventories for Sale or Use$35,062$33,116▼ $1,946
Accounts Receivable$33,627$9,189▼ $24,438
Savings and Temporary Cash Investments$5,261$5,262▲ $1
Total Assets$2,276,072$2,666,023▲ $389,951
Other Assets Total$6,733$8,483▲ $1,750
Liabilities
Accounts Payable and Accrued Expenses$217,377$366,540▲ $149,163
Deferred Revenue$5,623$2,145▼ $3,478
Total Liabilities$223,000$368,685▲ $145,685
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,038,072$2,282,338▲ $244,266
Net Assets With Donor Restrictions$15,000$15,000→ $0
Total Net Assets Fund Balance$2,053,072$2,297,338▲ $244,266
Total Liabilities and Net Assets / Fund Balance$2,276,072$2,666,023▲ $389,951

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$891,735$381,360-
Leasehold Improvements$68,790$9,522-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Christopher EdmonstonPresidentFT$127,980$127,980
Amanda PerezSecretaryFT$92,273$92,273
Ted SensenbrennerTreasurerFT$90,299$90,299

Board Members and Trustees

NameTitle
Tammy MooreChairman President & COO B
Bernadette BernonTrustee
Bob AdrianceTrustee
James EllisTrustee
Janice HobartTrustee
Kirk LaTrustee
Robert PutnamTrustee
Ruth WoodTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$1,892,366
Program Service Revenue
$574,506
Investment Income
$207,942
Other Revenue
$2,078
All Other Contributions
$1,892,366
Change in Net Assets
$149,411

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Boats and Planes46$686,400Sales Price or Fair Market Value (FMV)
Total Noncash Contributions46$686,400-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,676,892
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$94,855
Total Revenue per Audited Statements
$2,771,747
Total Revenue per Form 990
$2,676,892
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,300,129
Salaries, Compensation, and Employee Benefits$1,227,352
Total Fundraising Expense$308,504
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$854,793$121,837$61,331$1,037,961
Office Expenses$478,052$47,040$89,679$614,771
Depreciation Depletion$226,011$26,192$20,949$273,152
Fees for Services Other$133,183$2,002$3,941$139,126
Other Employee Benefits$93,295$13,912$8,704$115,911
Other Expenses--$109,302$109,302
Occupancy$73,342$10,904$7,050$91,296
Payroll Taxes$59,237$8,668$5,575$73,480
Advertising$41,000--$41,000
Travel$27,024$707$1,916$29,647
Conferences and Meetings$1,654$124$57$1,835
Total Functional Expenses$1,987,591$231,386$308,504$2,527,481

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,527,481
Total Expenses per Audited Statements$2,527,481
Total Expenses per Form 990$2,527,481
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

Explanation: there are no committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

Explanation: the form 990 is reviewed by the chairman of the board of trustees and the treasurer before it is filed with the irs. A copy of the 990 is provided to the board prior to filing.

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

Explanation: if contracts are to be discussed by the board, the chair asks if anyone on the board has a relationship with that entity. If the answer is yes, the member is asked to leave the room while the contract is discussed and voted upon.

Form 990, Part VI, Section B, Line 15

Explanation: the foundation's employees are leased from the boat america corporation. The human resources director of boat america corporation reviews the salary and benefits of other organizations in the area and gives the president of the foundation guidelines on acceptable salaries and benefits. The chairman of the board of trustees also reviews and approves compensation.

Form 990, Part VI, Section C, Line 19

Explanation: the foundation's governing documents, financial statements and policies are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Boatus Foundation
EIN
54-1156448
Phone
7034612878
Address
147 OLD SOLOMONS ISLAND ROAD NO 5, ANNAPOLIS, MD 21401

Signing Officer

Name
Chris Edmonston
Title
President
Phone
7034612878
Signed
2021-10-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Edmonston
Formed
1976
Legal Domicile
Md
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Grossberg Company Llp
Address
6500 ROCK SPRING DRIVE SUITE 200, BETHESDA, MD 20817
Preparer
Leonard N Kirschbaum
Phone
3015711900
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

No change in process from prior year.

Financial Statement Notes

PART X, LINE 2:

Explanation: the foundation has analyzed its tax positions, and has concluded that no liability should be recorded related to any uncertain tax positions. The foundation is not aware of any tax positions which it believes will change materially in the next twelve months. If this position changes, the foundation will assess the impact of any such matters on its financial position and results of operations.

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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/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE BOATU.S. FOUNDATION IS AN INNOVATIVE LEADER PROMOTING SAFE, CLEAN, AND RESPONSIBLE BOATING. THE FOUNDATION PROVIDES EDUCATIONAL OUTREACH DIRECTLY TO BOATERS AND SUPPORTS PARTNER ORGANIZATIONS NATIONWIDE.WITH MILLIONS OF BOATERS ON THE WATER, OUR AIM IS TO REDUCE ACCIDENTS AND FATALITIES, INCREASE STEWARDSHIP OF OUR WATERWAYS AND KEEP BOATING A SAFE AND ENJOYABLE PASTIME. THE BOATUS FOUNDATION IS A NATIONAL 501(C)(3) NONPROFIT ORGANIZATION. OUR WORK IS PRIMARILY FUNDED BY GRANTS AND INDIVIDUAL DONATIONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02053072
IRS990/NetAssetsOrFundBalancesEOYAmt02297338
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0116927
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0116927
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt094855
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02038072
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02282338
IRS990/NoncashContributionsAmt0686400
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt07050
IRS990/OccupancyGrp/ManagementAndGeneralAmt010904
IRS990/OccupancyGrp/ProgramServicesAmt073342
IRS990/OccupancyGrp/TotalAmt091296
IRS990/OfficeExpensesGrp/FundraisingAmt089679
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt047040
IRS990/OfficeExpensesGrp/ProgramServicesAmt0478052
IRS990/OfficeExpensesGrp/TotalAmt0614771
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06733
IRS990/OtherAssetsTotalGrp/EOYAmt08483
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt08704
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013912
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt093295
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0115911
IRS990/OtherExpensesGrp/Desc0COST OF SALES
IRS990/OtherExpensesGrp/FundraisingAmt0109302
IRS990/OtherExpensesGrp/TotalAmt0109302
IRS990/OtherRevenueMiscGrp/BusinessCd0480000
IRS990/OtherRevenueMiscGrp/Desc0MISCELLAENOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt01450
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01450
IRS990/OtherRevenueTotalAmt01450
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt061331
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0121837
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0854793
IRS990/OtherSalariesAndWagesGrp/TotalAmt01037961
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt05575
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08668
IRS990/PayrollTaxesGrp/ProgramServicesAmt059237
IRS990/PayrollTaxesGrp/TotalAmt073480
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt078899
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0103001
IRS990/PrincipalOfficerNm0CHRIS EDMONSTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3532000
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0CERTIFICATE INCOME
IRS990/ProgramServiceRevenueGrp/Desc1COURSE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MONOFILAMENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc3EPRIB RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc4KIDS AFLOAT PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0481862
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt179199
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt26115
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35866
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41464
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0481862
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt179199
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26115
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35866
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41464
IRS990/ProgSrvcAccomActy2Grp/Desc0GENERAL EDUCATION & RESEARCH - THIS AREA OF ACTIVITY ALLOWS THE FOUNDATION STAFF TO PARTICIPATE IN ACTIVITIES WITH OTHER BOATING ORGANIZATIONS ON CURRENT AND NEW EMERGING SAFETY AND ENVIRONMENTAL PROGRAMS THAT SUPPORT THE GOALS OF THE FOUNDATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0222689
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0481862
IRS990/ProgSrvcAccomActy3Grp/Desc0ONLINE COURSE - THIS PROGRAM PROVIDES FREE BOATING SAFETY COURSE ON THE INTERNET. ANY BOATER WITH A COMPUTER AND ACCESS TO THE INTERNET CAN TAKE THIS NASBLA APPROVED COURSE AND GAIN VALUABLE SAFETY INFORMATION AND SAFE BOATING SKILLS. A FREE CERTIFICATE MAY BE PRINTED BY THE STUDENT IF A SCORE OF 80% IS ACCOMPLISHED. THERE WERE 262,316 BOATERS WHO TOOK THE ONLINE COURSE IN 2020. THIS PROGRAM ALSO PROVIDES ADDITIONAL COURSES AVAILABLE ONLINE FOR PURCHASE OF WHICH 70,040 BOATERS TOOK IN 2020.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01002249
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt048436
IRS990/ProgSrvcAccomActyOtherGrp/Desc0KIDS AFLOAT - PROVIDES LOCAL, US BASED NONPROFIT ORGANIZATIONS AN OPPORTUNITY TO APPLY TO PURCHASE KID-SIZED LIFE JACKETS AT A DISCOUNTED RATE OF $5 PER JACKET.EPIRB RENTAL - PROVIDES EMERGENCY POSITION INDICATING RADIO BEACONS AND PERSONAL LOCATOR BEACONS TO BOATERS FOR RENT.FISHING LINE RECYCLING PROGRAM - BUILDS AND PROVIDES FISHING LINE RECYCLING BINS, SIGNAGE AND SUPPORT TO ACTIVE FISHING LOCATIONS ACROSS THE COUNTRY.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0485544
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt013445
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02309655
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt073913
IRS990/PYOtherExpensesAmt01129596
IRS990/PYOtherRevenueAmt0628
IRS990/PYProgramServiceRevenueAmt0351568
IRS990/PYRevenuesLessExpensesAmt0592583
IRS990/PYSalariesCompEmpBnftPaidAmt01013585
IRS990/PYTotalExpensesAmt02143181
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02735764
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0149411
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt030763
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0628
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0628
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05261
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05262
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INCOME FROM EDUCATION COURSES, EPIRB RENTAL ACTIVITIES AND FISHING LINE RECYCLING PROGRAM.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01892366
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02309655
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01805445
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01864509
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01604172
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09476147
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt091643
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt074541
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0101557
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt079095
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt062104
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0408940
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0575956
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0351568
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0349412
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0227203
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0135324
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01639463
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.82230
IRS990ScheduleA/PublicSupportPY170Pct00.84440
IRS990ScheduleA/PublicSupportTotal170Amt09476147
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01892366
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02309655
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01805445
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01864509
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01604172
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09476147
IRS990ScheduleA/TotalSupportAmt011524550
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0891735
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0381360
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01273095
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02527481
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt068790
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt09522
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt078312
IRS990ScheduleD/NetUnrealizedGainsInvstAmt094855
IRS990ScheduleD/RevenueNotReportedAmt094855
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02676892
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EXPLANATION: THE FOUNDATION HAS ANALYZED ITS TAX POSITIONS, AND HAS CONCLUDED THAT NO LIABILITY SHOULD BE RECORDED RELATED TO ANY UNCERTAIN TAX POSITIONS. THE FOUNDATION IS NOT AWARE OF ANY TAX POSITIONS WHICH IT BELIEVES WILL CHANGE MATERIALLY IN THE NEXT TWELVE MONTHS. IF THIS POSITION CHANGES, THE FOUNDATION WILL ASSESS THE IMPACT OF ANY SUCH MATTERS ON ITS FINANCIAL POSITION AND RESULTS OF OPERATIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0960525
IRS990ScheduleD/TotalExpensesPerForm990Amt02527481
IRS990ScheduleD/TotalRevenuePerForm990Amt02676892
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02771747
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02527481
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/BoatsAndPlanesGrp/ContributionCnt046
IRS990ScheduleM/BoatsAndPlanesGrp/MethodOfDeterminingRevenuesTxt0SALES PRICE OR FMV
IRS990ScheduleM/BoatsAndPlanesGrp/NonCashCheckboxInd0X
IRS990ScheduleM/BoatsAndPlanesGrp/NoncashContributionsRptF990Amt0686400
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0EXPLANATION: A THIRD PARTY ORGANIZATION ACCEPTS QUALIFIED BOATS AS DONATIONS ON BEHALF OF BOATU.S. FOUNDATION. UPON RECEIPT OF THE DONATED PROPERTY, THE ORGANIZATION PUTS THE BOAT UP FOR SALE, SELLS THE BOAT, AND REMITS CASH PAYMENTS TO BOATU.S. NET OF FEES AND COMMISSIONS.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 32B:
IRS990ScheduleM/ThirdPartiesUsedInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPLANATION: THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPLANATION: THE FORM 990 IS REVIEWED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES AND THE TREASURER BEFORE IT IS FILED WITH THE IRS. A COPY OF THE 990 IS PROVIDED TO THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPLANATION: IF CONTRACTS ARE TO BE DISCUSSED BY THE BOARD, THE CHAIR ASKS IF ANYONE ON THE BOARD HAS A RELATIONSHIP WITH THAT ENTITY. IF THE ANSWER IS YES, THE MEMBER IS ASKED TO LEAVE THE ROOM WHILE THE CONTRACT IS DISCUSSED AND VOTED UPON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXPLANATION: THE FOUNDATION'S EMPLOYEES ARE LEASED FROM THE BOAT AMERICA CORPORATION. THE HUMAN RESOURCES DIRECTOR OF BOAT AMERICA CORPORATION REVIEWS THE SALARY AND BENEFITS OF OTHER ORGANIZATIONS IN THE AREA AND GIVES THE PRESIDENT OF THE FOUNDATION GUIDELINES ON ACCEPTABLE SALARIES AND BENEFITS. THE CHAIRMAN OF THE BOARD OF TRUSTEES ALSO REVIEWS AND APPROVES COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXPLANATION: THE FOUNDATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND POLICIES ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGE IN PROCESS FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B

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.$2.04$1.07$0.97$4.06$3.85$0.21
2023Detailed filing. Detailed filing data is available for this year.$2.03$1.31$0.72$2.58$3.54$0.96
2022Detailed filing. Detailed filing data is available for this year.$2.35$0.77$1.58$3.09$3.59$0.50
2021Detailed filing. Detailed filing data is available for this year.$2.79$0.53$2.25$3.24$3.26$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.67$0.37$2.30$2.68$2.53$0.15
2019Detailed filing. Detailed filing data is available for this year.$2.28$0.22$2.05$2.74$2.14$0.59
2018Detailed filing. Detailed filing data is available for this year.$1.71$0.36$1.35$2.26$2.21$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.71$0.29$1.42$2.17$2.07$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.51$0.27$1.24$1.80$1.86$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.52$0.21$1.31$1.70$1.97$0.27
2014Detailed filing. Detailed filing data is available for this year.$1.97$0.32$1.65$2.32$2.19$0.13
2013Detailed filing. Detailed filing data is available for this year.$1.89$0.39$1.50$2.32$2.26$0.07
2012Summary only. Only limited summary data is available for this year.$1.55$0.15$1.40$1.53$1.39$0.15
2011Summary only. Only limited summary data is available for this year.$1.35$0.15$1.20$1.50$1.39$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.38$0.89$1.57