Form 990 for tax year 2023
Filed by CHESAPEAKE REGION ACCESSIBLE BOATING INC.
Totals
- Total revenue
- $1,312,991
- Total expenses
- $725,613
- Contributions and grants received
- $1,243,489
- Grants paid
- $0
- Program service revenue
- $4,568
- Investment income
- $17,276
- Other revenue
- $47,658
- Total assets, end of year
- $4,485,581
- Total liabilities, end of year
- $233,508
- Net assets or fund balances, end of year
- $4,252,073
- Program services expenses (Part IX)
- $605,138
- Management and general expenses
- $73,422
- Fundraising expenses
- $47,053
- Program service expenses (Part III)
- $605,138
Program services were 83.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$185,449
-
1f · All other contributions, gifts and grants
$1,058,040
-
2a · Program service revenue: PROGRAM REVENUE
total $4,568 · related or exempt $4,568
-
3 · Investment income
total $17,276 · excluded $17,276
-
6a · Gross rents
real property $11,750
-
6c · Rental income or loss
real property $11,750
-
6d · Net rental income or loss
total $11,750
-
8a · Fundraising events: gross income
$26,650
-
8a · Fundraising events: contributions included on line 1c
$185,449
-
8b · Fundraising events: direct expenses
$26,650
-
10a · Gross sales of inventory
$36,765
-
10b · Cost of goods sold
$2,412
-
10c · Net income from sales of inventory
total $34,353
-
11a · Other revenue: MISCELLANEOUS INCOME
total $1,555 · related or exempt $1,555
-
11e · Other revenue, total
$1,555
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $130,950 · program services $104,761 · management and general $18,333 · fundraising $7,856
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $221,571 · program services $177,257 · management and general $31,020 · fundraising $13,294
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $10,241 · program services $8,193 · management and general $1,434 · fundraising $614
-
10 · Payroll taxes
total $23,746 · program services $18,997 · management and general $3,324 · fundraising $1,425
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $12,971 · program services $10,377 · management and general $1,816 · fundraising $778
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $35,187 · program services $19,916 · fundraising $15,271
-
13 · Office expenses
total $8,041 · program services $4,547 · management and general $3,153 · fundraising $341
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $45,143 · program services $36,114 · management and general $6,320 · fundraising $2,709
-
17 · Travel
total $2,834 · program services $2,834
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $3,848 · program services $3,080 · management and general $538 · fundraising $230
-
20 · Interest
total $8,009 · program services $6,407 · management and general $1,121 · fundraising $481
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $87,479 · program services $87,479
-
23 · Insurance
total $56,026 · program services $52,725 · management and general $3,301
-
24a · Other expenses: DUES SUBSCRIPTIONS
total $15,288 · program services $12,230 · management and general $2,140 · fundraising $918
-
24b · Other expenses: PROGRAM EXPENSES/GRANT EXPENDITURE
total $51,969 · program services $47,911 · management and general $922 · fundraising $3,136
-
24c · Other expenses: FLEET EXPENSE
total $12,310 · program services $12,310
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,278,800 · end of year $317,410
-
3 · Pledges and grants receivable
beginning of year $146,700 · end of year $25,000
-
4 · Accounts receivable
end of year $945
-
8 · Inventories for sale or use
beginning of year $6,000 · end of year $4,500
-
10a · Land, buildings and equipment: cost or other basis
$4,371,867
-
10b · Land, buildings and equipment: accumulated depreciation
$260,657
-
10c · Land, buildings and equipment, net
beginning of year $2,243,470 · end of year $4,111,210
-
15 · Other assets
beginning of year $47,353 · end of year $26,516
-
17 · Accounts payable and accrued expenses
beginning of year $33,191 · end of year $21,150
-
25 · Other liabilities
beginning of year $24,828 · end of year $212,358
-
27 · Net assets without donor restrictions
beginning of year $2,684,611 · end of year $4,201,423
-
28 · Net assets with donor restrictions
beginning of year $979,693 · end of year $50,650
Mission and programs · 2023
Mission
CRABS MISSION IS TO PROVIDE THE THRILL, FREEDOM AND THERAPEUTIC VALUE OF SAILING TO PEOPLE WITH DISABILITIES, RECOVERING WARRIORS, AND YOUTH FROM UNDERSERVED COMMUNITIES. CONTINUED ON SCHEDULE O
-
CHESAPEAKE REGION ACCESSIBLE BOATING CRAB MISSION STATEMENT PROVIDING THE THRILL, FREEDOM, AND THERAPEUTIC VALUE OF SAILING TO PEOPLE WITH DISABILITIES, RECOVERING WARRIORS, AND LOCAL YOUTH FROM UNDERSERVED NEIGHBORHOODS FOR OVER 30 YEARS. FOR 2023, CRAB HELD 87 BOATING EVENTS THAT SERVED OVER 1,200 GUESTS, WITH 65 HAVING A DISABILITY, AND PARTNERED WITH 34 OTHER NONPROFIT AGENCIES THAT BROUGHT GUESTS TO CRAB. CRAB ALSO HELD 14 FAMILY SAILS FOR A DISABLED GUESTS ALONG WITH THEIR FAMILY AND FRIENDS. 172 VOLUNTEERS HELPED TO MAKE THESE EVENTS HAPPEN, DONATING 3,911 HOURS FOR THE YEAR.CRAB HELD 2 RECOVERING WARRIOR SAILING REGATTAS, AND THE DON BACKE REGATTA. EACH USING CRABS FLEET OF 6 SAILBOATS, EACH BOAT WAS SKIPPERED BY A PERSON WITH DISABILITIES. CONTINUED ON SCHEDULE O
Expenses $605,138 · Revenue $4,568
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Paul Bollinger JrPAUL BOLLINGER JR
PRESIDENT AND CEO
- Total calculated
- $130,951
- From this org
- $127,351
- From related orgs
- $0
- Other
- $3,600
- Hours/week
- 40
-
James NolanJAMES NOLAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Elizabeth RossmanELIZABETH ROSSMAN
VICE PRESIDENT SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Will CrumpWILL CRUMP
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
David HankeyDAVID HANKEY
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Jonathan AdamsJONATHAN ADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Arthur Edwards JrARTHUR EDWARDS JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Shelly FordSHELLY FORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Jonathan A ForsbergJONATHAN A FORSBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Sandy GrosvenorSANDY GROSVENOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Steve RitterbushSTEVE RITTERBUSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Donald SantaDONALD SANTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202411449349300601
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