Greater Lawrence Community Boating Program Inc
- Assets
- $340.9k
- Revenue
- $481.0k
- Investments
- $0.0
- Employees
- 30
- Location
- Lawrence, MA
- Founding
- 09/1981
- Data as of
- 10/2020
- EIN
- 04-2671824
Organization Overview
Greater Lawrence Community Boating Program Inc is located in Lawrence, MA. The organization was established in 1981. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 10/2020, Greater Lawrence Community Boating Program Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Lawrence Community Boating Program Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2020, Greater Lawrence Community Boating Program Inc generated $481.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $518.8k during the year ending 10/2020. While expenses have increased by 3.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO TEACH SAFE, RESPONSIBLE BOATING AND ENVIRONMENTAL AWARENESS IN WHICH YOUTH AND ADULTS CAN LEARN TO SAIL, ROW AND ENJOY WATER ACTIVITIES ON THE MERRIMACK RIVER IN LAWRENCE, MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY BOATING ACTIVITIES AND SAFETY COURSES; INSTRUCTIONAL SAILING, BOATING, ROWING, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard P Koehler Jr Executive Direc | Trustee | 40 | $76,327 |
Andrew Blanchette Treasurer | Officer | 0 | $0 |
See Attached Listing Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,179 |
| Investment income | $72 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,680 |
| Net Income from Fundraising Events | -$705 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $480,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,327 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,759 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,053 |
| Advertising and promotion | $0 |
| Office expenses | $4,691 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,001 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,150 |
| Insurance | $24,114 |
| All other expenses | $0 |
| Total functional expenses | $518,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,717 |
| Savings and temporary cash investments | $52,444 |
| Pledges and grants receivable | $32,500 |
| Accounts receivable, net | $10,090 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $340,881 |
| Accounts payable and accrued expenses | $53,204 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,024 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $78,228 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $262,653 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greater Lawrence Community Boating Program Inc has recieved totaling $38,000.
| Awarding Organization | Amount |
|---|---|
Josephine G Russell Trust Andover, MA PURPOSE: CHARITY | $20,000 |
Artemas W Stearns Tr Andover, MA PURPOSE: CHARITY | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Junior Tennis League Inc Long Island City, NY | $15,745,055 | $13,403,069 |
United States Sailing Association Inc Bristol, RI | $8,027,126 | $11,092,289 |
Row New York Inc New York, NY | $11,063,352 | $5,131,305 |
New England Sailing Foundation Inc Marblehead, MA | $32,351 | $1,795,441 |
New England Science & Sailing Foundation Inc Stonington, CT | $5,613,617 | $3,618,390 |
Long Island Swimming Garden City, NY | $5,786,299 | $2,981,330 |
Sail Newport Inc Newport, RI | $8,050,460 | $2,453,105 |
Stony Brook Yacht Club Inc Stony Brook, NY | $1,925,542 | $2,144,649 |
Community Boating Inc Boston, MA | $5,688,954 | $2,833,055 |
Hudson River Community Sailing Inc New York, NY | $1,975,748 | $1,753,516 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
Saugatuck Harbor Yacht Club Inc Westport, CT | $2,019,925 | $1,016,320 |