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Nonprofiteer
← ROCKING THE BOAT INC

Form 990 for tax year 2023

Filed by ROCKING THE BOAT INC.

Totals

Total revenue
$4,983,860
Total expenses
$3,302,138
Contributions and grants received
$4,817,727
Grants paid
$17,000
Program service revenue
$83,459
Investment income
$69,788
Other revenue
$12,886
Total assets, end of year
$8,360,307
Total liabilities, end of year
$677,961
Net assets or fund balances, end of year
$7,682,346
Program services expenses (Part IX)
$2,581,134
Management and general expenses
$309,084
Fundraising expenses
$411,920
Program service expenses (Part III)
$2,581,134

Program services were 78.2% 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

    $645,111

  • 1e · Government grants (contributions)

    $382,958

  • 1f · All other contributions, gifts and grants

    $3,789,658

  • 1g · Noncash contributions included above

    $38,263

  • 2a · Program service revenue: FEE FOR SERVICE

    total $83,459 · related or exempt $83,459

  • 3 · Investment income

    total $80,283 · excluded $80,283

  • 7a · Gross sales of assets other than inventory

    securities $545,364

  • 7b · Less cost or other basis and sales expenses

    securities $555,859

  • 7c · Gain or loss

    securities -$10,495

  • 7d · Net gain or loss

    total -$10,495 · excluded -$10,495

  • 8a · Fundraising events: gross income

    $156,514

  • 8a · Fundraising events: contributions included on line 1c

    $645,111

  • 8b · Fundraising events: direct expenses

    $156,514

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $12,886 · excluded $12,886

  • 11e · Other revenue, total

    $12,886

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $17,000 · program services $17,000

  • 5 · Compensation of officers, directors and key employees

    total $185,672 · program services $148,537 · management and general $9,284 · fundraising $27,851

  • 7 · Other salaries and wages

    total $1,285,447 · program services $1,173,369 · management and general $11,602 · fundraising $100,476

  • 8 · Pension plan contributions

    total $26,458 · program services $21,550 · management and general $64 · fundraising $4,844

  • 9 · Other employee benefits

    total $234,056 · program services $190,696 · fundraising $43,360

  • 10 · Payroll taxes

    total $120,391 · program services $97,995 · management and general $499 · fundraising $21,897

  • 11c · Fees: accounting

    total $218,729 · management and general $218,729

  • 11e · Fees: professional fundraising services

    total $30,000 · fundraising $30,000

  • 11f · Fees: investment management

    total $23,077 · management and general $23,077

  • 11g · Fees: other

    total $255,026 · program services $202,319 · management and general $7,385 · fundraising $45,322

  • 13 · Office expenses

    total $41,492 · program services $10,803 · management and general $6,616 · fundraising $24,073

  • 14 · Information technology

    total $103,779 · program services $82,380 · management and general $3,178 · fundraising $18,221

  • 16 · Occupancy

    total $75,735 · program services $75,735

  • 17 · Travel

    total $66,727 · program services $60,343 · management and general $2,438 · fundraising $3,946

  • 20 · Interest

    total $8,623 · program services $8,623

  • 22 · Depreciation, depletion and amortization

    total $133,807 · program services $133,807

  • 23 · Insurance

    total $51,947 · program services $45,598 · management and general $6,349

  • 24a · Other expenses: FOOD

    total $91,277 · program services $29,497 · management and general $434 · fundraising $61,346

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $90,589 · program services $90,440 · fundraising $149

  • 24c · Other expenses: EQUIPMENT

    total $71,674 · program services $69,114 · fundraising $2,560

  • 24d · Other expenses: OTHER EXPENSES

    total $66,614 · program services $35,203 · management and general $16,153 · fundraising $15,258

  • 24e · All other expenses

    total $104,018 · program services $88,125 · management and general $3,276 · fundraising $12,617

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $378,351 · end of year $109,879

  • 2 · Savings and temporary cash investments

    beginning of year $714,884 · end of year $1,592,044

  • 3 · Pledges and grants receivable

    beginning of year $341,982 · end of year $1,379,283

  • 4 · Accounts receivable

    beginning of year $40,576 · end of year $37,600

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,060 · end of year $30,101

  • 10a · Land, buildings and equipment: cost or other basis

    $4,345,499

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,829,926

  • 10c · Land, buildings and equipment, net

    beginning of year $2,643,514 · end of year $2,515,573

  • 11 · Investments: publicly traded securities

    beginning of year $2,226,026 · end of year $2,686,832

  • 15 · Other assets

    beginning of year $6,687 · end of year $8,995

  • 17 · Accounts payable and accrued expenses

    beginning of year $93,383 · end of year $145,920

  • 19 · Deferred revenue

    end of year $2,718

  • 23 · Secured mortgages and notes payable

    beginning of year $620,700 · end of year $529,323

  • 27 · Net assets without donor restrictions

    beginning of year $3,966,610 · end of year $4,661,947

  • 28 · Net assets with donor restrictions

    beginning of year $1,699,387 · end of year $3,020,399

Mission and programs · 2023

Mission

ROCKING THE BOAT PARTICIPANTS DEVELOP PRIDE, PURPOSE, AND POSSIBILITY BY LEARNING THE UNIQUE AND LIFELONG SKILLS BEHIND BUILDING AND ROWING WOODEN BOATS, SAILING, AND RESTORING THE BRONX RIVER. CONTINUED ON SCHEDULE O.ROCKING THE BOAT PARTICIPANTS DEVELOP PRIDE, PURPOSE, AND POSSIBILITY BY LEARNING THE UNIQUE AND LIFELONG SKILLS BEHIND BUILDING AND ROWING WOODEN BOATS, SAILING, AND RESTORING THE BRONX RIVER. WE CREATE COMMUNITY, TEACH THROUGH TRANSFORMATIVE EXPERIENCES (CONDITNUED ON SCHEDULE O) MAKE NATURE AVAILABLE TO EVERYONE, INSPIRING YOUNG PEOPLE TO DETERMINE THEIR OWN FUTURE AGAINST A BACKDROP OF SYSTEMIC INEQUITY.

Activities or mission (Part I)

TRADITIONAL WOODEN BOATBUILDING, ROWING, SAILING, ENVIRONMENTAL RESEARCH AND RESTORATION.

  • YOUTH DEVELOPMENT PROGRAM: ROCKING THE BOAT'S YOUTH DEVELOPMENT PROGRAM IS SPLIT INTO THREE TRACKS - WOODEN BOAT BUILDING, BRONX RIVER RESTORATION, SAILING - AND TWO LEVELS - STUDENT AND APPRENTICE - BUT UNITED THROUGH A SHARED FOCUS ON GIVING HIGH SCHOOL STUDENTS THE OPPORTUNITY TO LEARN BY DOING PRACTICAL WORK THAT PRODUCES TANGIBLE RESULTS.

    Expenses $2,153,357 · Grants $17,000 · Revenue $5,000

  • PUBLIC PROGRAMS: ROCKING THE BOAT'S PUBLIC PROGRAMS EXPOSE A BROADER AUDIENCE TO ITS WORK. THE ON-WATER CLASSROOM INTRODUCES THE JOY OF ROWING AND THE BEAUTY AND ECOLOGICAL DIVERSITY OF THE BRONX RIVER TO ELEMENTARY, MIDDLE, AND HIGH SCHOOL STUDENTS THROUGHOUT THE SCHOOL YEAR, AND OFFERS BOTH PROFESSIONAL DEVELOPMENT FOR TEACHERS AND TEAM BUILDING PROGRAMS FOR A WIDE RANGE OF ADULT GROUPS. DURING THE SUMMER, SAILING AND NATURE CAMP - AN ENVIRONMENTAL EDUCATION PROGRAM WITH A STRONG EMPHASIS ON TEAMBUILDING - AND SAILING CAMP, INTRODUCES PARTICIPANTS TO ROWING AND SAILING, AND ALLOWS THEM TO SPEND A PORTION OF THEIR SUMMER INVOLVED IN OUTDOOR ACTIVITIES THAT ENHANCE THEIR CAPACITY AND THINK CRITICALLY AND PROBLEM SOLVE COLLABORATIVELY, WHILE BUILDING PHYSICAL FITNESS AND FOSTERING ENVIRONMENTAL STEWARDSHIP. ON AN EVEN LARGER SCALE, COMMUNITY BIRDING, ROWING, AND SAILING INVITES THE GENERAL PUBLIC TO BIRDWATCH AND GO FOR A FREE ROW OR SAIL, GUIDED BY ROCKING THE BOAT PROGRAM ASSISTANTS, ON SATURDAY AND SUNDAY AFTERNOONS FROM MEMORIAL DAY TO LABOR DAY.

    Expenses $427,777 · Revenue $78,459

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thom Thacker

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Demetris Giannoulia

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Mack

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sinead Strain

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Antonio Ramos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carla Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Taji Riley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Ryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Galvin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phillip Grant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stacie Hoffmeister Thru 323

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Petrillo Thru 323

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frosty Montgomery Thru 323

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adam Green

    FOUNDER & E.D.

    Total calculated
    $194,671
    From this org
    $158,595
    From related orgs
    $0
    Other
    $36,076
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $158,595
    Bonus
    $0
    Other
    $0
    Deferred
    $10,004
    Nontaxable benefits
    $26,072
    Filer's total
    $194,671

  • Jaye Pockriss

    SR DIR-DEV & OPS

    Total calculated
    $135,210
    From this org
    $127,500
    From related orgs
    $0
    Other
    $7,710
    Hours/week
    35

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
2023
Filed
17 September 2024
IRS schema version
2023v5.1
Source object
202432619349300733

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