Great Chesapeake Bay Schooner Race Inc
Nonprofit profile at a glance
- EIN
- 541704367
- IRS 990-EZ coverage
- 2022–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2021
- Location
- Mobjack, VA, USA
- Phone
- 8047257999
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy Organizations
Reported finances
- Revenue
- $75,787
- Expenses
- $76,140
- Assets
- $87,655
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Steven Briggs (President)
- Paul Carroll (Vice President)
People named in this filing
- Steven Briggs (President)
- Duncan Hood (Chairperson)
- Paul Carroll (Vice President)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote awareness of the Chesapeake Bay's heritage * Encourage preservation of the Bay's resources * Support Chesapeake Bay education and clean-up efforts * Bring historic schooners to the Bay * Encourage schooner sailing and preservation
What it reported doing in 2025
The Great Chesapeake Bay Schooner Race was founded in 1990. This annual event starts in Baltimore with dockside public viewing, education (STEM-H) programs aboard and underway for local school children, and a Parade of Sail to Baltimore's Inner Harbor. The race starts at the Bay Bridge and finishes at Thimble Shoals, participants dock in Norfolk for public viewing and an awards ceremony. Education programs for local school children are given. Participation in the events is approximately 500 people. The cost of the GCBSR event in 2025 was $42,971.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 57
- Transparency & Controls: 82
- Sustainability: 49
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 56.7%; rating input score 57
- Program expense ratio: 56.4%; rating input score 56
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -0.5%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 1.15; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 5.8% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: 7.8% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: -1% per year; rating input score 0; 34th percentile among comparable filings
Details
- Where the money goes: 56.7% of revenue deployed · 56.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 13 filed program accomplishments · $43K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2022 to 2025
- Contacts: How to reach this organization
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- Review — Financial Efficiency: Program expense ratio scored 56/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- Moderate — Sustainability: Operating margin scored 41/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.