PHILADELPHIA WOODEN BOAT FACTORY Charity Report

Tax-exempt status may be revoked

PHILADELPHIA WOODEN BOAT FACTORY

EIN 23-2997335 · Student Services, Organizations of Students

What they do

to ENGAGE URBAN TEENS IN HANDS-ON BOAT BUILDING and ON-WATER PROGRAMMING to NURTURE THE PROBLEM SOLVING, COMMUNICATION, and COLLABORATION SKILLS NEEDED to BECOME CONFIDENT, CAPABLE ADULTS.

Before you give

Should I give to this charity?

Easy charity check

Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2016The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders8 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

76.41%of revenue went to mission work68.9% of expenses · Program services

13.67%of revenue went to fundraising12.3% of expenses

$110.88spent for every $100 of revenueSpending was higher than revenue this year.

20.81%of revenue went to management and office costs18.8% of expenses

$0.44in assets for every $1 spent this yearSome assets cannot be spent right away.

95.9%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $60,599 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2016

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$556,940

Mission workProgram services$425,54776.41% of revenue68.9% of expenses

ManagementOffice and general costs$115,87720.81% of revenue18.8% of expenses

FundraisingAsking for donations$76,11513.67% of revenue12.3% of expenses

Total expenses$617,539110.88% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Money in and money out

Revenue$556,940

Expenses$617,539

Annual shortfall $60,599 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$425,547 · 68.9% of expenses

Management and office costs$115,877 · 18.8% of expenses

Fundraising$76,115 · 12.3% of expenses

See all reported dollar amounts

Revenue$556,940

Expenses$617,539

Assets$269,922

Income$556,940

Contributions$534,066

Mission work (program services)$425,547

Fundraising$76,115

Management and general$115,877

Executive compensation (total)$60,000

Accounting fees$22,583

People

Leadership and board

Tax year 2016

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (8)

CHRIS TOMLINBOARD MEMBER

CHRISTOPHER B MYERSCHAIRMAN

KEVIN SHEEHANBOARD MEMBER

MAARI PORTERBOARD MEMBER

PATRICIA REDHAWKBOARD MEMBER

PETER GROVERMANBOARD MEMBER

RACHEL VIDDYTREASURER

TIFFANY LEDESMABOARD MEMEBER

About this charity

Location: 4520 WORTH STREET NO L2, PHILADELPHIA, PA 19124
County: Philadelphia
In care of: BRETT HART
Primary officer: BRETT HART, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(267) 343-4401

Filing and classification

Latest tax year: 2016
Tax period began: January 1, 2016
Return type: 990
Tax preparer: RUGGIERO & COMPANY PC
IRS tax category: Student Services, Organizations of Students
Revocation date: May 15, 2020