Boat Foundation Inc
- Assets
- $35.9k
- Revenue
- $10.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Pella, IA
- Founding
- 09/1984
- Data as of
- 12/2021
- EIN
- 42-1215669
Organization Overview
Boat Foundation Inc is located in Pella, IA. The organization was established in 1984. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boat Foundation 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 12/2021, Boat Foundation Inc generated $10.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $11.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Boat Foundation Inc has awarded 230 individual grants totaling $190,106. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO EXISTING CHARITABLE ENTITIES.
GRANTS TO EXISTING CHARITABLE ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Delores Boat Director/president/secretary/treasurer | 0.25 | $0 | |
Kenrick Boat Director | 0.25 | $0 | |
Steven Boat Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,100 |
| Interest on Savings | $3 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,103 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1 |
| Total operating and administrative expenses | $956 |
| Contributions, gifts, grants paid | $10,435 |
| Total expenses and disbursements | $11,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,902 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $35,902 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Boat Foundation Inc has awarded $10,435 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Pella, IA PURPOSE: EDUCATIONAL | $2,700 |
PELLA OPERA HOUSE PURPOSE: CHARITABLE | $1,150 |
MOBILITY WORLDWIDE PURPOSE: CHARITABLE | $1,000 |
Pella, IA PURPOSE: CHARITABLE | $1,000 |
PELLA POLICE DEPARTMENT PURPOSE: CHARITABLE | $1,000 |
LAKEVIEW CAMP PURPOSE: CHARITABLE | $600 |
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 |
Walter Schroeder Aquatic Center Ltd Brown Deer, WI | $2,876,227 | $1,771,521 |
Rochester Swim Club Orcas Rochester, MN | $1,478,113 | $1,744,806 |
New Trier Aquatics Winnetka, IL | $670,855 | $1,422,426 |
Hinsdale Swim Club Hinsdale, IL | $218,459 | $1,100,426 |
Usa Swimming Inc Minnetonka, MN | $1,086,906 | $1,178,043 |
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 |
South Metro Storm Swim Club Lakeville, MN | $230,213 | $738,939 |