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Passes our checks

Community Boating Center Inc

EIN 22-2946979 · Providence, RI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood76 out of 100GovernanceStrong90 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE ORGANIZATIONS PRIMARY PURPOSE IS TO PROVIDE INSTRUCTION AND ACCESS TO RECREATIONAL SAILING AND BOATING FOR ALL, WITH AN EMPHASIS ON CHILDREN, WITHOUT REGARD TO FINANCIAL STATION, THROUGH PROGRAMS DESIGNED TO BUILD SELF-ESTEEM, BROADEN HORIZONS, AND ADVANCE ENVIRONMENTAL AWARENESS.

Income
$417,362
Spending
$418,373
Spent on programs
77%
Reserves
14.7 months of spending
Largest source of income
fees for its services, 57%
Employees
21
Volunteers
100
Highest pay
$144,170, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 76 out of 100.

  • Reserves

    35 of 35

    Spendable reserves would cover 14.7 months of spending.

  • Debt

    20 of 20

    It owes 3% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 0% of income.

  • Income trend

    5 of 15

    Income fell 12% on the year before.

  • Spending floor

    8 of 15

    77% of spending went to programs and raising each dollar of donations cost 36 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 90 out of 100.

  • Independent board

    25 of 25

    17 of 17 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    12 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $266,811 spent. YOUTH LESSONS AND MEMBERSHIP: The youth lesson programs teach children important virtues and lessons about life through sailing such as: cause and effect, problem-solving, science and technology, and teamwork. The underlying approach in all activities is to ensure that students enjoy both the challenge and fun of sailing and to instill the principals of sportsmanship, leadership, and self-reliance in all our youth sailors. Approximately 376 youth members were served during the year.
  2. $38,861 spent. ADULT LESSONS AND MEMBERSHIP: The adult lesson formats offer great opportunities for learning and growth with a highly structured curriculum that allows stepped progression through a variety of opportunities for beginner, racing or cruising-minded sailors. Approximately 90 adult members were served during the year.
  3. $15,186 spent. YOUTH AFTER SCHOOL PROGRAMS: An outreach program targeted towards making sailing accessible and affordable to children at risk or adrift within the Providence area. This sailing program combines boys and girls from different cultures and backgrounds to work together learning tolerance, trust and respect for one another while building upon their sailing skills. Unlike other ordinary sporting activities, sailing promotes physical skills, intelligence, sound judgment, self-reliance and significant responsibilities for a vessel, crew and self. During the spring, summer and fall programming, approximately 247 youths were served.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 1993.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.