ROCKING THE BOAT INC

EIN: 134177814 501(c)(3) Education

BRONX, NY

Total Revenue
$4,761,605
Total Expenses
$3,955,894
Total Assets
$9,290,548
Net Assets
$8,649,669
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NY
Principal Officer
ADAM GREEN
Phone
7184665799
Tax Period
2024-01-01 to 2024-12-31

ROCKING THE BOAT INC, founded in 1996, is a community nonprofit in the Education sector that reported $4.8M in total revenue in fiscal year 2024. The organization ran a surplus of $806K, a strong 17% operating margin.

Mission

ROCKING THE BOAT PARTICIPANTS DEVELOP PRIDE, PURPOSE, AND POSSIBILITY BY LEARNING THE UNIQUE AND LIFELONG SKILLS BEHIND BUILDING AND ROWING WOODEN BOATS, SAILING, AND RESTORING THE BRONX RIVER. WE CREATE COMMUNITY, TEACH THROUGH TRANSFORMATIVE EXPERIENCES, AND MAKE NATURE AVAILABLE TO EVERYONE, INSPIRING YOUNG PEOPLE TO DETERMINE THEIR OWN FUTURE AGAINST A BACKDROP OF SYSTEMIC INEQUITY.

Program Service Accomplishments

Program 1
Expenses: $2,137,885 Revenue: $0

YOUTH DEVELOPMENT - SPLIT INTO THREE TRACKS - WOODEN BOATBUILDING, BRONX RIVER RESTORATION, AND SAILING - AND TWO LEVELS - STUDENT AND APPRENTICE - BUT UNITED THROUGH A SHARED FOCUS ON GIVING MIDDLE...

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YOUTH DEVELOPMENT - SPLIT INTO THREE TRACKS - WOODEN BOATBUILDING, BRONX RIVER RESTORATION, AND SAILING - AND TWO LEVELS - STUDENT AND APPRENTICE - BUT UNITED THROUGH A SHARED FOCUS ON GIVING MIDDLE AND HIGH SCHOOL STUDENTS THE OPPORTUNITY TO LEARN BY DOING PRACTICAL WORK THAT PRODUCES TANGIBLE RESULTS. LICENSED SOCIAL WORKERS ON STAFF PROVIDE SOCIAL-EMOTIONAL AND ACADEMIC SUPPORT FOCUSED ON POST-SECONDARY READINESS.

Program 2
Expenses: $660,824 Revenue: $117,866

PUBLIC PROGRAMS - OFFERS UNIQUE YEAR-ROUND EDUCATION AND OUTREACH PROGRAMS FOR SCHOOL, CAMP, AND OTHER COMMUNITY GROUPS. GROUPS EXPLORE THE BRONX RIVER ECOSYSTEM, LEARN NEW SKILLS AND PRACTICE...

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PUBLIC PROGRAMS - OFFERS UNIQUE YEAR-ROUND EDUCATION AND OUTREACH PROGRAMS FOR SCHOOL, CAMP, AND OTHER COMMUNITY GROUPS. GROUPS EXPLORE THE BRONX RIVER ECOSYSTEM, LEARN NEW SKILLS AND PRACTICE TEAMWORK THROUGH ACTIVE ENGAGEMENT WITH THE NATURAL WORLD, SCIENCE EXPLORATIONS AND ROWING. DURING THE SUMMERTIME, ROCKING THE BOAT WELCOMES THE PUBLIC ABOARD STUDENT-BUILT WOODEN ROWBOATS AND SAILBOATS, ACCOMPANIED BY ROCKING THE BOAT'S STAFF WHO TEACHES THEM ABOUT THE LOCAL WATERWAYS, AND INTRODUCES VISITORS TO BIRDWATCHING ON THE SHORES OF THE BRONX RIVER.

Program 3
Expenses: $246,534 Revenue: $140,097

SAIL CENTRAL PARK - FOR THE FIRST TIME IN CENTRAL PARK BOAT POND'S HISTORY, ROCKING THE BOAT IS USING THE SITE FOR MISSION-ALIGNED EDUCATIONAL PROGRAMS. RUNNING THE MODEL SAILBOAT CONCESSION, A...

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SAIL CENTRAL PARK - FOR THE FIRST TIME IN CENTRAL PARK BOAT POND'S HISTORY, ROCKING THE BOAT IS USING THE SITE FOR MISSION-ALIGNED EDUCATIONAL PROGRAMS. RUNNING THE MODEL SAILBOAT CONCESSION, A STORIED INSTITUTION RECOGNIZED AROUND THE WORLD, IS AN INCREDIBLE OPPORTUNITY FOR BOAT LOVERS EXPERIENCE SAILING IN THE HEART OF NEW YORK CITY. UNDERSERVED AND TITLE 1 SCHOOLS IN MANHATTAN NOW WILL BE ABLE TO ACCESS ROCKING THE BOAT PROGRAMMING IN THE CITY MORE EASILY THAN IF THEY HAD TO TRAVEL TO THE BRONX.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,397,016
Program Service Revenue $252,503
Investment Income $249,398
Other Revenue $-137,312
TOTAL REVENUE $4,761,605

Expense Breakdown

Grants Paid $16,000
Salaries & Benefits $2,638,126
Fundraising Expenses $351,677
Program Expenses $3,045,243
Other Expenses $1,301,768
TOTAL EXPENSES $3,955,894

Year-over-Year Comparison

2024 2023 Change
Revenue $4,761,605 $4,983,860 0.0%
Expenses $3,955,894 $3,302,138 +0.2%
Net Income $805,711 $1,681,722 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$204,054
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOM THACKER PRESIDENT 1.00
Officer Director
$0 $0 $0
ELIZABETH MACK VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DEMETRIS GIANNOULIAS TREASURER 1.00
Officer Director
$0 $0 $0
SINEAD STRAIN SECRETARY 1.00
Officer Director
$0 $0 $0
ANTONIO RAMOS DIRECTOR 1.00
Director
$0 $0 $0
CARLA MURPHY DIRECTOR 1.00
Director
$0 $0 $0
TAJI RILEY DIRECTOR 1.00
Director
$0 $0 $0
JOHN RYAN DIRECTOR 1.00
Director
$0 $0 $0
PETER WRIGHT DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER GALVIN DIRECTOR 1.00
Director
$0 $0 $0
STEVE SMITH DIRECTOR 1.00
Director
$0 $0 $0
PHILLIP GRANT DIRECTOR 1.00
Director
$0 $0 $0
NICOLE ACKERINA DIRECTOR 1.00
Director
$0 $0 $0
ADRIANA COSGRIFF DIRECTOR 1.00
Director
$0 $0 $0
FABIAN MICHELANGELI DIRECTOR 1.00
Director
$0 $0 $0
ADAM GREEN FOUNDER AND EXECUTIVE DIRECTOR 35.00
Officer
$164,071 $39,983 $204,054
JAYE POCKRISS CHIEF OPERATING OFFICER 35.00
Highest
$145,385 $8,139 $153,524
MATTHEW HATCHER CHIEF PROGRAM OFFICER 35.00
Highest
$119,570 $9,306 $128,876
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $4,761,605 $3,955,894 $9,290,548 $805,711
2023 $4,983,860 $3,302,138 $8,360,307 $1,681,722
2022 $3,147,837 $3,121,341 $6,380,080 $26,496
2021 $3,160,920 $2,762,634 $6,907,331 $398,286
2020 $3,691,068 $2,475,607 $6,647,713 $1,215,461
2019 $2,956,427 $2,796,263 $4,978,814 $160,164
2018 $2,999,728 $2,569,763 $4,718,814 $429,965
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