2025-09-25T15:31:24-05:00 2024-12-31 042694095 LITMANGERSON ASSOCIATES LLP 500 WEST CUMMINGS PARK SUITE 5650 WOBURN MA 01801 990 2024-01-01 042084042 COMMUNITY BOATING INC COMM 6175231038 21 DAVID G MUGAR WAY BOSTON MA 02114 KATE FERRIS RICHARDSON EXECUTIVE DIRECTOR 6175231038 2025-09-23 1 0 ROBERT F HART JR P00937795 7815694700 2025-09-23 2024 2025-03-06 01:10:19Z KATE FERRIS RICHARDSON 21 DAVID G MUGAR WAY BOSTON MA 02114 2067267 0 X WWW.COMMUNITY-BOATING.ORG X 1946 MA TO MAKE SAILING AND WATER SPORTS ACCESSIBLE TO PEOPLE OF ALL AGES, ABILITIES, AND BACKGROUNDS. 9 9 120 120 0 0 1017442 212709 1885484 1730798 130074 42285 0 12160 3033000 1997952 0 0 0 0 1658998 1750314 0 0 97200 1146353 919213 2805351 2669527 227649 -671575 7130791 6862198 931447 666215 6199344 6195983 X THE MISSION OF CBI IS TO ENABLE "SAILING FOR ALL." WE OFFER SAILING AND OTHER WATER SPORTS TO PEOPLE OF ALL AGES, ABILITIES, AND MEANS IN THE GREATER BOSTON AREA. WE PROMOTE AN ACCESSIBLE AND WELCOMING ENVIRONMENT THAT ENCOURAGES LEARNING, VOLUNTEERISM, AND COMMUNITY SPIRIT. 0 0 1175231 953436 THE ADULT AND HIGH SCHOOL PROGRAMS SERVE APPROXIMATELY 4000 INDIVIDUALS EACH YEAR BY PROVIDING CLASSES AND LESSONS THAT TEACH NAUTICAL ARTS AND SCIENCES INCLUDING SAILING, PADDLING, WINDSURFING, SEAMANSHIP, AND NAVIGATION. MEMBERS HAVE ACCESS TO OUR FLEET OF 180+ VESSELS ON THE CHARLES RIVER LOWER BASIN AND ARE ENCOURAGED TO PARTICIPATE IN ORGANIZED RACING, BOTH INFORMAL AND FORMAL. THE ADULT PROGRAM OPERATES SEVEN DAYS PER WEEK. 596062 483571 THE JUNIOR PROGRAM SERVES OVER 1200 CHILDREN BY PROVIDING CLASSES, LESSONS, AND INSTRUCTION IN THE NAUTICAL ARTS AND SCIENCES INCLUDING SAILING, PADDLING, AND WINDSURING. JUNIOR PROGRAM SAILORS MAY TAKE CLASSES, PARTICIPATE IN RACING, AND HAVE ACCESS TO OUR FLEET OF 180+ VESSELS DURING JUNIOR PROGRAM OPERATING HOURS. 244963 198732 THE UNIVERSAL ACCESS PROGRAM (UAP) SERVE OVER 250 INDIVIDUALS WITH DISABILITIES, BOTH PHYSICAL AND COGNITIVE, BY TEACHING THE NAUTICAL ARTS AND SCIENCES OF SAILING, PADDLING, AND WINDSURFING. UAP SAILORS MAY MAKE APPOINTMENTS FOR A SCHEDULED LESSON OR RECREATIONAL SAILS WITH A QUALIFIED INSTRUCTOR. 117172 95059 THE ORGANIZATION CARRIES ON ANCILLARY ACTIVITIES AND PROGRAMMING IN SUPPORT OF THE ORGANIZATION'S MISSION. 117172 95059 2133428 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 120 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 MA X X DEBRA BOUDREAU TREASURER 6175231038 21 DAVID G MUGAR WAY BOSTON MA 02114 ADAM SCHEPP TERM ENDED 102024 PRESIDENT 2.00 X X 0 0 0 NICHOLAS MILLER PRESIDENT 5.00 X X 0 0 0 KARYN BRUDNICKI VICE PRESIDENT 2.00 X X 0 0 0 CATHERINE ROCKETT SECRETARY 3.50 X X 0 0 0 DEBRA BOUDREAU TREASURER 3.00 X X 0 0 0 BRIAN MCMANUS TERM ENDED 102024 DIRECTOR 1.00 X 0 0 0 DUANE FARRAR DIRECTOR 3.00 X 0 0 0 COLE CONSTANTINEAU DIRECTOR 2.00 X 0 0 0 ADAM BICKELMAN DIRECTOR 3.50 X 0 0 0 ABDIEL RAMIREZ DIRECTOR 2.00 X 0 0 0 CHARLES MARTS DIRECTOR 2.00 X X 0 0 0 CHARLIE ZECHEL EXECUTIVE DIRECTOR 40.00 X 152254 0 20034 152254 0 20034 1 0 1 0 0 96803 115906 468 212709 MEMBERSHIP FEES 713990 1485133 1485133 OTHER OPERATING REVENU 713990 245665 245665 1730798 46033 46033 3872 7620 -3748 -3748 -3748 73855 96803 61695 12160 12160 1997952 1730798 0 54445 150500 45150 75250 30100 1297948 1153649 113822 30477 28186 23328 3679 1179 158135 130880 20642 6613 115545 95630 15083 4832 15020 15020 23100 23100 25704 25704 62416 62416 14045 13503 542 24996 23746 1250 221045 198893 11076 11076 17599 16719 880 3972 3972 199535 199535 90490 85965 4525 REPAIRS AND MAINTENANCE 89321 88455 429 437 DUES AND FEES 83990 11380 68706 3904 PROGRAM SUPPLIES AND EX 40237 38852 0 1385 RETAIL OPERATIONS AND E 7743 7743 0 0 2669527 2133428 438899 97200 709544 167348 627179 328311 348597 43000 5950 12827 233055 151544 2163614 1413609 618417 750005 4487087 5241296 0 91170 100962 76697 7130791 6862198 201227 30974 485107 415370 142048 141539 103065 78332 931447 666215 X 1216005 901206 4983339 5294777 6199344 6195983 7130791 6862198 -671575 531075 137139 0 X X 0 1 X 1 0 X 794620 1365862 2880347 2636341 1697842 9375012 74095 282777 263711 266585 319520 1206688 110000 103300 120000 120000 120000 573300 978715 1751939 3264058 3022926 2137362 11155000 0 0 0 11155000 55734 67446 73630 131288 46033 374131 55734 67446 73630 131288 46033 374131 1034449 1819385 3337688 3154214 2183395 11529131 0.96750 0.96730 0.03250 0.03000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4890836 21938 542253 181119 5273908 4043675 427658 573258 153755 4890836 3721320 1072297 -603384 146558 4043675 3223876 116256 490320 109132 3721320 2904172 19288 413575 113159 3223876 0.00000 0.63000 0.37000 0 0 45968 45968 0 2117646 1367641 750005 750005 MONEY MARKET FUNDS 123932 F INVESTMENT IN LP 5116364 F INVESTMENT IN REIT 1000 F 5241296 OPERATING LEASE LIABILITY 78332 78332 X 2666166 531075 137139 668214 1997952 0 1997952 2669527 0 2669527 0 2669527 PART V, LINE 4: TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO THE PROGRAMS AND OPERATIONS SUPPORTED BY THE ENDOWMENT, WHILE ALSO SEEKING TO MAINTAIN THE LONG-TERM PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR THE UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH FASB ASC TOPIC NO. 740, INCOME TAXES (ASC 740), WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY-THAN-NOT, AND A MEASUREMENT ATTRIBUTE FOR ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. WHEN NECESSARY, THE ORGANIZATION ACCOUNTS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS PART OF ITS PROVISION FOR INCOME TAXES. THE ORGANIZATION DOES NOT EXPECT THAT UNRECOGNIZED TAX BENEFITS ARISING FROM TAX POSITIONS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT 12 MONTHS. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS - COSTS OF DIRECT BENEFITS RECEIVED BY DONORS JULY 4 158878 96803 62075 11254 44647 ALL OTHER 11780 11780 5794 170658 96803 73855 11254 50441 61695 12160 X 0 0 0 0 0 0 0 0 0 CHARLIE ZECHEL EXECUTIVE DIRECTOR 129654 0 22600 0 0 0 4493 0 15541 0 172288 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CBI'S GOVERNANCE STRUCTURE HAS A BODY OF MEMBERS CALLED THE "CORPORATION". THE CORPORATION MEMBERS ARE DISTINCT FROM BOATING MEMBERSHIPS AND MANY CORPORATION MEMBERS DO NOT HAVE A BOATING MEMBERSHIP. THE CORPORATION MEMBERS VOTE FOR THE BOARD OF DIRECTORS AND ONE MUST BE A CORPORATION MEMBER TO BE A DIRECTOR. THE CORPORATION, VIA THE ELECTED BOARD OF DIRECTORS, EMPLOYS THE EXECUTIVE DIRECTOR TO RUN CBI OPERATIONS. FORM 990, PART VI, SECTION A, LINE 7A SEE LINE 6 EXPLANATION. FORM 990, PART VI, SECTION A, LINE 7B SEE LINE 6 EXPLANATION. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DID NOT MAINTAIN CONTEMPORANEOUS DOCUMENTATION FOR ALL SUB-COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS EMAILED OUT TO THE BUDGET AND FINANCE COMMITTEE AND THE BOARD PRIOR TO FILING. IF THEY HAVE QUESTIONS OR CONCERNS, THEY CAN GET IN TOUCH WITH THE TREASURER OF THE BOARD AND THEIR QUESTION IS ADDRESSED PRIOR TO FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS SIGNED EACH YEAR BY EACH MEMBER OF THE BOARD OF DIRECTORS, OFFICERS, AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 WHEN HIRING A NEW EXECUTIVE DIRECTOR OR MANAGER, IT IS ORGANIZATION POLICY THAT THE COMPENSATION COMMITTEE DOES A REVIEW USING COMPARATIVE DATA WITH OTHER NONPROFIT ORGANIZATIONS. THE COMPENSATION COMMITTEE WILL THEN RECOMMEND AN AMOUNT TO THE BOARD. THE BOARD SETS COMPENSATION FOR EXISITING SENIOR MANAGEMENT AND THOSE HIRED. KEY EMPLOYEE COMPENSATION IS SET BY THE COMPENSATION COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ATTORNEY GENERALS OFFICE OF MASSACHUSETTS MAKES THE FORM 990 AND FINANCIAL STATEMENTS AVAILABLE ON THEIR WEBSITE FOR PUBLIC INSPECTION. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.