Captains and Boat Owners Association Inc

Nonprofit profile at a glance

EIN
222254345
IRS 990-EZ coverage
2015–2023
Forms available
Form 990 2018, Form 990-EZ 2023
Location
Fortescue, NJ, USA
Phone
8564474492
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Recreation& Sports N.E.C.

Reported finances

Revenue
$89,098
Expenses
$105,478
Assets
$400,972
Liabilities
$166,520

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • DAVE SHARPLESS (Vice President)
  • JOSEPH MAFFEI (President)

People named in this filing

  • DIANE TODD (Treasurer)
  • DAVE SHARPLESS (Vice President)
  • CHARLIE HIGBEE (HARBOR MASTER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To operate and maintain the fortescue creek marina premises held by lease from the state of New Jersey as a boat harbor for the membership in particular and the public at large, conducting its custodial responsibilites in a manner which will ensure continuance of the lease and best serve interests of the members, the community of fortescue and visitors thereto.

What it reported doing in 2023

Operating and maintaining the fortescue creek marina as a boat harbor for membership and the public at large.

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 37
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -18.4%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 3.8; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: 0.42; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 12.1%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: 1.8% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: -5% per year; rating input score 0; 36th percentile among comparable filings
  • Asset growth: 0.1% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $144K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 6 of 7 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 8 filing years from 2015 to 2023
  • Contacts: How to reach this organization
  • Money network: 18 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 25/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.