The Artist Boat Inc

What it reported doing in 2024

Eco-Art Workshops & AdventuresThe Artist Boat, Inc. served 6,707 participants over the course of the 2024-2025 fiscal year through Eco-Art Workshops and Adventures, engaging them in classroom, studio, laboratory, and field-based environmental educational activities, integrating the arts and sciences for the exploration of coastal and marine habitats. The Artist Boat, Inc.s program participants are of all ages and come from a variety of backgrounds. They include students ranging from elementary school age to lifelong learners over age 55, teachers, and the general public. Each of the programs is designed to interpret coastal and marine ecosystems through various visual art media, including drawing and painting, mosaic installation, and sculpture. Educational topics covered by these programs include the physical and biological components, benefits and multiple uses, point and non-point source pollution, flora/fauna, historical perspectives, and efforts toward restoration of habitats in coastal and marine ecosystems, with special emphasis on issues affecting the Gulf of Mexico and the Texas coast. Field-based activities include excursions into local habitats and incorporate the use of kayaks and motor vessels. Additionally, The Artist Boat, Inc. provides outreach and engagement on the public beaches of Galveston Island and regional festivals. These are environmental education programs Bucket Brigade (45-minute beach exploration tours with a marine biologist), World Ocean Day (festival hosting booths, presenters, and hands-on engagement), Beautify the Bucket (beautification of trash receptacles on Galveston beaches), and art contests (art created with marine debris). 5,781 participants of all ages were served through this program.

Financial Efficiency

• Mission deployment rate: 74.7%; rating input score 75
• Program expense ratio: 73.5%; rating input score 73
• Fundraising efficiency: $6.65 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -0.8%; rating input score 33; 33rd percentile among comparable filings
• Total-asset coverage ratio: 13.29; rating input score 94; 94th percentile among comparable filings
• Liabilities to assets ratio: 0.04; rating input score 56; 56th percentile among comparable filings
• Officer compensation ratio: 8.9%; rating input score 40; 40th percentile among comparable filings

Growth

• Program expense growth: 6.9% per year; rating input score 100; 51st percentile among comparable filings
• Revenue growth: 1.7% per year; rating input score 100; 23rd percentile among comparable filings
• Asset growth: 11.9% per year; rating input score 100; 65th percentile among comparable filings