Urban Boatbuilders Inc
Nonprofit profile at a glance
- EIN
- 411831598
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- St Paul, MN, USA
- Phone
- 6516449225
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Youth Centers, Clubs
Reported finances
- Revenue
- $981,022
- Expenses
- $1,078,171
- Assets
- $348,812
- Liabilities
- $44,271
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MARC HOSMER (EXECUTIVE DIRECTOR/CEO)
Highest reported compensation
- MARC HOSMER (EXECUTIVE DIRECTOR/CEO): $128,369 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to empower youth to succeed in work and life through woodworking and experiential learning.
What it reported doing in 2024
Urban boatbuilders, inc. (the organization") is a public charity established to empower youth to succeed in work and life through woodworking and experiential learning. The organization's primary funding source is donor contributions.urban boatbuilders' programming engages youth in hands-on building projects which serve as a vehicle to develop social, emotional, and technical skills. These skills and experiences empower youth to pursue their goals and achieve success in school, work, and life. The partnership program brings hands-on learning experiences to local schools and community organizations to engage students who thrive through creative, hands-on education. This program enhances academic instruction and redefines student's relationship with learning and success. In 2024, the program served 209 young people at 12 partner organizations. In 2023, the program served 935 young people at 18 partner organizations. 100% of partners reported that the program is a "very good fit" for students who struggle in a traditional classroom setting. The apprenticeship program provides paid vocational training to youth with barriers to employment. Youth work in cohorts of peers to build boats and develop work readiness skills such as collaboration, problem solving, and verbal communication. In 2024, the program served 53 young people. In 2023, the program served 44 young people. 100% of these reported that the program helped them figure out the next steps needed to successfully achieve their goals.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 86
- Accountability: 95
- Sustainability: 21
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.4%; rating input score 90
- Program expense ratio: 82.2%; rating input score 82
- Fundraising efficiency: $10.84 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
- Pay-setting controls: Limited
- 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: 7 of 8 controls in place; rating input score 88
- 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: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -9.9%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 0.32; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 11.9%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 6.7% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 4.3% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: 3.2% per year; rating input score 100; 31st percentile among comparable filings
Details
- Where the money goes: 90.4% of revenue deployed · 82.2% of spending went to programs
- Governance: 11 of 11 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $886K in reported program spending
- Leadership: top reported pay $128K · 12 people listed
- Consistency: 27 of 28 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Fundraising efficiency scored 41/100.
- High — Sustainability: Operating margin scored 17/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.