Tacoma Community Boat Builders Inc
- Assets
- $356.3k
- Revenue
- $502.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Tacoma, WA
- Founding
- 09/2014
- Data as of
- 06/2021
- EIN
- 46-1724422
Organization Overview
Tacoma Community Boat Builders Inc, operating under the name Tacoma Boat Builders, is located in Tacoma, WA. The organization was established in 2014. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Tacoma Boat Builders employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tacoma Boat Builders 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 06/2021, Tacoma Boat Builders generated $502.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $526.5k during the year ending 06/2021. While expenses have increased by 35.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TACOMA BOAT BUILDERS TBB OFFERS MENTORING PROGRAMS FOR COURT-INVOLVED AND OTHER UNDERSERVED YOUTH BY PAIRING PARTICIPANTS ONE-TO-ONE WITH ADULT VOLUNTEER CRAFTSMEN AND WOMEN. AS A COMMUNITY-BASED SOCIAL INTERVENTION PROGRAM WE USE A POSITIVE YOUTH DEVELOPMENT APPROACH TO LEARNING OFFERING HANDS-ON EXPERIENCE WOOD-WORKING BOAT BUILDING AND ON-WATER ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR CORE PROGRAMS SERVE YOUTH 12-18 YEARS OF AGE WHO ARE - OR HAVE BEEN - CONNECTED TO THE JUVENILE COURT SYSTEM OR AT HIGH RISK FOR NEGATIVE IMPACTS FROM SYSTEMS INVOLVEMENT. YOUTH START IN 8-10-WEEK PROGRAMS BUT MAY CHOOSE TO CONTINUE THEIR TIME IN THE SHOP. THEY ARE ENCOURAGED TO STAY CONNECTED TO TBB WHICH RESEARCH SHOWS INCREASES THEIR CHANCES FOR LONG-TERM SUCCESS. TBB'S PROFESSIONAL PROGRAM STAFF OFFER GREATER SUPPORT FOR YOUTH IN NEED OF GUIDANCE AND ADVOCACY WHILE ALSO OFFERING TARGETED REFERRALS TO OTHER YOUTH-SERVING ORGANIZATIONS IN THE COMMUNITY WHEN EXTRA SUPPORTS ARE NEEDED. PROGRAM SERVICE ACCOMPLISHMENTS FOR 2020-21: 101 UNDUPLICATED YOUTH SERVED WHO ARE BOTH COURT CONNECTED AND EXPERIENCING HOUSELESSNESS IN PIERCE COUNTY. 93 YOUTH WERE NEW TO PROGRAMS. 75% OF YOUTH SUCCESSFULLY COMPLETED THEIR PROGRAM. RACIAL ETHNIC DEMOGRAPHICS: 49% CAUCASIAN WHITE 35% BLACK AFRICAN AMERICAN 3% ASIAN PACIFIC ISLANDER AND 12% AS HISPANIC LATINX. FINALLY 35.6% OF YOUTH SERVED WERE HELD IN SECURE DETENTION AT REMANN HALL. TBB EMPHASIZES 1:1 RELATIONSHIPS SKILL-BUILDING DEVELOPING COMPETENCIES AND SELF-ADVOCACY FOR EACH YOUTH. YOUTH VOICE AND CHOICE MATTER; EACH PARTICIPANT DETERMINES WHAT PROJECT TO WORK ON E.G. INDIVIDUAL PROJECT BUILDING GOING OUT IN A BOAT ETC THE MENTORS ARE THERE TO GUIDE AND COACH EACH YOUTH TOWARDS A SUCCESSFUL OUTCOME. VOLUNTEER MENTORS RECEIVE REGULAR DEVELOPMENT AND TRAINING OPPORTUNITIES TO BETTER UNDERSTAND THE CHALLENGES AND OPPORTUNITIES FACING THE YOUTH SERVED BY OUR ORGANIZATION. IN 2020-21 33 VOLUNTEERS DONATED OVER 6,000 HOURS TO TBB. THE TARGETED INTERVENTION TBB PROVIDES IS BASED ON THE PRINCIPLES OF POSITIVE YOUTH DEVELOPMENT FOCUSING ON THE PSYCHOLOGICAL EMOTIONAL AND SOCIAL DEVELOPMENT OF YOUTH RATHER THAN ON PROBLEMS AND OR DEFICITS. THE OVERALL GOAL WITH THE TBB PROGRAM HAS ALWAYS BEEN TO GIVE YOUTH THE COMPREHENSIVE SUPPORT THEY NEED TO THRIVE NOT JUST IN OUR PROGRAM BUT ALSO IN LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Shannon A Shea Executive Director | Officer | 40 | $81,026 |
Colleen Carmean Vice President | Officer | 2 | $0 |
Clifford Armstrong III President | Officer | 2 | $0 |
Marilyn Larkin Secretary-Treasurer | Officer | 2 | $0 |
Robert Mack Director | Trustee | 2 | $0 |
Ken Lazarus Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $186,260 |
| All other contributions, gifts, grants, and similar amounts not included above | $285,043 |
| Noncash contributions included in lines 1a–1f | $111,496 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $471,303 |
| Total Program Service Revenue | $30,000 |
| Investment income | $107 |
| 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 | $502,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $548 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,981 |
| Compensation of current officers, directors, key employees. | $25,494 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,381 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,377 |
| Payroll taxes | $33,341 |
| Fees for services: Management | $3,300 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $801 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,600 |
| Advertising and promotion | $3,724 |
| Office expenses | $7,234 |
| Information technology | $3,282 |
| Royalties | $0 |
| Occupancy | $42,699 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,985 |
| Insurance | $8,033 |
| All other expenses | $0 |
| Total functional expenses | $526,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,373 |
| Savings and temporary cash investments | $82,114 |
| Pledges and grants receivable | $73,275 |
| 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 | $45,582 |
| Prepaid expenses and deferred charges | $8,732 |
| Net Land, buildings, and equipment | $96,213 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $356,289 |
| Accounts payable and accrued expenses | $26,899 |
| 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 | $72,672 |
| Other liabilities | $0 |
| Total liabilities | $99,571 |
| Net assets without donor restrictions | $251,218 |
| Net assets with donor restrictions | $5,500 |
| 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 | $356,289 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Tacoma Community Boat Builders Inc has recieved totaling $144,384.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $40,200 |
Greater Tacoma Community Foundation Tacoma, WA PURPOSE: OPERATING SUPPORT, PROGRAM SUPPORT | $40,000 |
The Farber Baggenstos Family Foundaiton Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $30,000 |
Servant Foundation Overland Park, KS PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
The Russell Family Foundation Gig Harbor, WA PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Fund Beaverton, OR | $118,722,969 | $115,823,271 |
Greater Good Charities Seattle, WA | $7,916,385 | $76,960,540 |
Tisbest Philanthropy Seattle, WA | $1,169,318 | $11,028,187 |
Omprakash Inc Seattle, WA | $1,303,902 | $8,335,902 |
Momsrising Education Fund Bellevue, WA | $13,735,648 | $12,363,267 |
Community In Action Ontario, OR | $2,870,959 | $6,588,152 |
Tsf Services Seattle, WA | $41,582 | $5,196,264 |
Invested Renton, WA | $10,800,874 | $5,096,103 |
Malaria No More Fund Seattle, WA | $7,196,882 | $3,765,133 |
Emergency Feeding Program Of Seattle & King County Renton, WA | $889,754 | $3,848,246 |
Seattle International Foundation Seattle, WA | $3,557,476 | $2,971,233 |
Arctic Slope Community Foundation Anchorage, AK | $12,635,878 | $4,961,869 |