Form 990 for tax year 2022
Filed by CHESAPEAKE REGION ACCESSIBLE BOATING INC.
Totals
- Total revenue
- $1,462,574
- Total expenses
- $594,659
- Contributions and grants received
- $1,267,919
- Grants paid
- $0
- Program service revenue
- $8,007
- Investment income
- $111,106
- Other revenue
- $75,542
- Total assets, end of year
- $3,722,323
- Total liabilities, end of year
- $58,019
- Net assets or fund balances, end of year
- $3,664,304
- Program services expenses (Part IX)
- $479,817
- Management and general expenses
- $72,666
- Fundraising expenses
- $42,176
- Program service expenses (Part III)
- $479,817
Program services were 80.7% 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
$201,354
-
1f · All other contributions, gifts and grants
$1,066,565
-
1g · Noncash contributions included above
$28,529
-
2a · Program service revenue: PROGRAM REVENUE
total $8,007 · related or exempt $8,007
-
3 · Investment income
total $2,954 · excluded $2,954
-
7a · Gross sales of assets other than inventory
securities $2,644,158
-
7b · Less cost or other basis and sales expenses
securities $2,536,006
-
7c · Gain or loss
securities $108,152
-
7d · Net gain or loss
total $108,152 · excluded $108,152
-
8a · Fundraising events: gross income
$14,038
-
8a · Fundraising events: contributions included on line 1c
$201,354
-
8b · Fundraising events: direct expenses
$14,038
-
10a · Gross sales of inventory
$81,150
-
10b · Cost of goods sold
$7,394
-
10c · Net income from sales of inventory
total $73,756
-
11a · Other revenue: MISCELLANEOUS INCOME
total $1,786 · related or exempt $1,786
-
11e · Other revenue, total
$1,786
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 $157,782 · program services $126,226 · management and general $22,090 · fundraising $9,466
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $199,693 · program services $159,754 · management and general $27,957 · fundraising $11,982
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $19,264 · program services $15,412 · management and general $2,696 · fundraising $1,156
-
10 · Payroll taxes
total $26,261 · program services $21,009 · management and general $3,677 · fundraising $1,575
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $14,424 · program services $11,539 · management and general $2,020 · fundraising $865
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $470 · management and general $470
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $20,012 · program services $12,436 · management and general $45 · fundraising $7,531
-
13 · Office expenses
total $7,259 · program services $4,204 · management and general $2,740 · fundraising $315
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $48,027 · program services $38,421 · management and general $6,723 · fundraising $2,883
-
17 · Travel
total $6,761 · program services $6,761
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,897 · program services $1,519 · management and general $265 · fundraising $113
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $11,880 · program services $11,880
-
23 · Insurance
total $29,877 · program services $28,117 · management and general $1,760
-
24a · Other expenses: DUES SUBSCRIPTIONS
total $12,725 · program services $10,180 · management and general $1,781 · fundraising $764
-
24b · Other expenses: PROGRAM EXPENSES/GRANT EXPENDITURE
total $30,230 · program services $24,262 · management and general $442 · fundraising $5,526
-
24c · Other expenses: FLEET EXPENSE
total $8,097 · program services $8,097
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $68,779 · end of year $1,278,800
-
3 · Pledges and grants receivable
beginning of year $425,200 · end of year $146,700
-
8 · Inventories for sale or use
end of year $6,000
-
10a · Land, buildings and equipment: cost or other basis
$2,416,647
-
10b · Land, buildings and equipment: accumulated depreciation
$173,177
-
10c · Land, buildings and equipment, net
beginning of year $546,247 · end of year $2,243,470
-
11 · Investments: publicly traded securities
beginning of year $1,901,892
-
15 · Other assets
end of year $47,353
-
17 · Accounts payable and accrued expenses
beginning of year $23,646 · end of year $33,191
-
25 · Other liabilities
end of year $24,828
-
27 · Net assets without donor restrictions
beginning of year $1,017,312 · end of year $2,684,611
-
28 · Net assets with donor restrictions
beginning of year $1,901,160 · end of year $979,693
Mission and programs · 2022
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
-
THE RECOVERING WARRIOR SAILING REGATTAS WERE HELD IN COOPERATION IN ANNAPOLIS. WARRIORS AND FAMILY MEMBERS FROM WALTER REED NATIONAL MILITARY MEDICAL CENTER, THE WASHINGTON VA, AND THE REGION WERE HOSTED FOR 2 DAYS OF RACING, COMPLIMENTARY LUNCH, AND AWARDS. CRAB WAS PLEASED TO HOST TWO REGATTAS FOR 16 WARRIORS AND THEIR FAMILY MEMBERS, INCLUDING SERVICE DOGS. THE DON BACKE MEMORIAL REGATTA HOSTED BY THE ANNAPOLIS YACHT CLUB PROVIDED SEVEN DISABLED SKIPPERS AND THEIR DISABLED CREW WITH THE OPPORTUNITY TO RACE IN CRABS SAILBOATS AGAINST EACH OTHER. THE BOATS ALSO HAD AYC TACTICIANS ABOARD WHO PROVIDED EXPERT SUPPORT IN RACE TACTICS AND STRATEGY. THE 2022 CRAB CUP WAS ONE OF THE MOST SUCCESSFUL IN FUNDRAISING HISTORY. THE RACE FEATURED OVER 94 BOATS AND 500 SKIPPERS AND CREW. THE FUNDRAISING ASSOCIATED WITH THE EVENT RAISED A RECORD 203,500. CRAB HOSTED 4 KIDS SAILING CAMPS IN CONJUNCTION WITH THE ANNAPOLIS CITY POLICE. CONTINUED ON SCHEDULE O
Expenses $479,817 · Revenue $8,007
As filed on the 2022 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
- $157,783
- From this org
- $155,083
- From related orgs
- $0
- Other
- $2,700
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,083
- Bonus
- not reported
- Other
- not reported
- Deferred
- $2,700
- Nontaxable benefits
- not reported
- Filer's total
- $157,783
-
David HankeyDAVID HANKEY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
James NolanJAMES NOLAN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Will CrumpWILL CRUMP
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Elizabeth RossmanELIZABETH ROSSMAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Jonathan AdamsJONATHAN ADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Jonathan ForsbergJONATHAN 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
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
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
- 2022
- Filed
- 9 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322219349301002
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