Grow Boating Inc
- Assets
- $0.0
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/2006
- Data as of
- 09/2020
- EIN
- 20-4130169
Organization Overview
Grow Boating Inc is located in Chicago, IL. The organization was established in 2006. 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. Grow Boating Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2020, Grow Boating Inc generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $4.8m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 5 years. 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 MANAGE, DIRECT, GOVERN, & FUND THE GROW BOATING INITIATIVE. THE GROW BOATING (SEE SCH O) INITIATIVE IS DESIGNED TO FORMULATE & IMPLEMENT PROGRAMS THAT WILL INCREASE BOATING PARTICIPATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROW BOATING, INC (GBI) FORMULATES AND EXECUTES INITIATIVES TO INCREASE BOATING PARTICIPATION BY DELIVERING POSITIVE MESSAGES OF THE BOATING LIFESTYLE THROUGH AN INTEGRATED MARKETING COMMUNICATIONS STRATEGY (NATIONAL AD CAMPAIGN, PUBLIC RELATIONS EFFORTS).
GBI INVESTS IN RESEARCH, INCLUDING THE PRODUCTION OF AN ANNUAL BOATING PARTICIPATION SURVEY.
GROW BOATING, INC (GBI) FORMULATES AND EXECUTES INITIATIVES TO INCREASE BOATING PARTICIPATION BY DELIVERING POSITIVE MESSAGES OF THE BOATING LIFESTYLE THROUGH AN INTEGRATED MARKETING COMMUNICATIONS STRATEGY (NATIONAL AD CAMPAIGN, PUBLIC RELATIONS EFFORTS).
GBI INVESTS IN RESEARCH, INCLUDING THE PRODUCTION OF AN ANNUAL BOATING PARTICIPATION SURVEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Blackwell President | Officer | 24 | $0 |
Ellen Bradley Vice President | Officer | 14 | $0 |
Glenda Sandoval Asst Treasurer | Officer | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Olson & Co Co Icf Consulting Group In Multi Media Production | 9/29/20 | $7,647,907 |
Bml Public Relations Llc Public Relations | 9/29/20 | $309,762 |
Olson & Co Co Icf Consulting Group In Multi Media Production | 9/29/20 | $7,647,907 |
Bml Public Relations Llc Public Relations | 9/29/20 | $309,762 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,596,947 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,596,947 |
| Total Program Service Revenue | $0 |
| Investment income | $9,690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,002,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,888 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,576 |
| Payroll taxes | $240 |
| Fees for services: Management | $211,975 |
| Fees for services: Legal | $28,709 |
| Fees for services: Accounting | $20,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $620 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,123,103 |
| Office expenses | $5,649 |
| Information technology | $2,898 |
| Royalties | $0 |
| Occupancy | $8,517 |
| Travel | $48,088 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,843 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,283 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,833,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Grow Boating Inc has recieved totaling $5,193,892.
| Awarding Organization | Amount |
|---|---|
National Marine Manufacturers Association Inc Chicago, IL PURPOSE: GENERAL FUNDING | $2,596,946 |
National Marine Manufacturers Association Inc Chicago, IL PURPOSE: GENERAL FUNDING | $2,596,946 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grow Boating Inc Chicago, IL | $0 | $3,002,017 |
Usa Swimming Inc Rolling Meadows, IL | $1,062,881 | $1,962,511 |
Carmel Swim Club Carmel, IN | $1,078,759 | $1,620,809 |
Walter Schroeder Aquatic Center Ltd Brown Deer, WI | $2,876,227 | $1,771,521 |
New Trier Aquatics Winnetka, IL | $670,855 | $1,422,426 |
Hinsdale Swim Club Hinsdale, IL | $218,459 | $1,100,426 |
Waukesha Express Swim Team Inc Waukesha, WI | $109,829 | $1,001,501 |
Usa Swimming Inc New London, WI | $201,918 | $903,511 |
Downers Grove Swim And Raquet Club Downers Grove, IL | $1,117,120 | $881,688 |
West Swim Club Inc Willowbrook, IL | $811,668 | $867,248 |
Southeastern Swim Club Incorporated Fishers, IN | $283,230 | $634,562 |
Sailing Education Association Of Sheboygan Inc Sheboygan, WI | $3,043,659 | $639,193 |