URBAN BOATBUILDERS INC

EIN: 411831598 501(c)(3) Youth Development

ST PAUL, MN

Total Revenue
$983,262
Total Expenses
$1,165,639
Total Assets
$483,049
Net Assets
$401,690
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MN
Principal Officer
MARC HOSMER
Phone
6516449225
Tax Period
2023-01-01 to 2023-12-31

URBAN BOATBUILDERS INC, founded in 1995, is a small nonprofit in the Youth Development sector that reported $983K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 19% operating deficit.

Mission

OUR MISSION IS TO EMPOWER YOUTH TO SUCCEED IN WORK AND LIFE THROUGH WOODWORKING AND EXPERIENTIAL LEARNING.

Program Service Accomplishments

Program 1
Expenses: $958,095 Revenue: $197,147

URBAN BOATBUILDERS INSPIRES YOUTH TO RECOGNIZE THEIR INNER STRENGTH, IDENTIFY THEIR UNIQUE SKILLS AND CELEBRATE THEIR POTENTIAL. TRAINED STAFF LEAD SMALL TEAMS THROUGH A RESEARCH-BASED CURRICULUM...

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URBAN BOATBUILDERS INSPIRES YOUTH TO RECOGNIZE THEIR INNER STRENGTH, IDENTIFY THEIR UNIQUE SKILLS AND CELEBRATE THEIR POTENTIAL. TRAINED STAFF LEAD SMALL TEAMS THROUGH A RESEARCH-BASED CURRICULUM THAT FACILITATES SOCIAL AND EMOTIONAL LEARNING WHILE CREATING A FUNCTIONAL, BEAUTIFUL CRAFT. OVER THE COURSE OF A PROJECT, YOUTH AGES 12 - 21 DEVELOP ESSENTIAL SKILLS AND POSITIVE RELATIONSHIPS THAT HELP THEM NAVIGATE THEIR WORLDS AND ACHIEVE SUCCESS. THE PROGRAM CULMINATES WITH THE LAUNCH OF THEIR CRAFT, GIVING THEM THE CONFIDENCE TO ACHIEVE THEIR DREAMS. THE PARTNERSHIP PROGRAM DELIVERS ACADEMICALLY-ENHANCED WOODWORKING TO STUDENTS THROUGH HANDS-ON, EXPERIENTIAL LEARNING. PARTNERING WITH SCHOOLS AND COMMUNITY ORGANIZATIONS, URBAN BOATBUILDERS DELIVERS A RESEARCH-BASED CURRICULUM THAT CREATES AN ENGAGING, ACTIVE EDUCATIONAL EXPERIENCE WITH STUDENTS. IN COLLABORATION WITH THE PARTNER, URBAN BOATBUILDERS MEETS THE INDIVIDUAL NEEDS OF STUDENTS BY TAILORING PROGRAMMING TO DEVELOP ACADEMIC, SOCIAL AND EMOTIONAL, AND CAREER READINESS SKILLS. THROUGH THE PROGRAM, YOUTH ACHIEVE SUCCESS, INCREASE THEIR ACADEMIC ENGAGEMENT, AND IGNITE THEIR LOVE OF LEARNING. 935 YOUTH WERE SERVED THROUGH THE PARTNERSHIP PROGRAM IN 2023.THE APPRENTICESHIP PROGRAM PROVIDES PAID EMPLOYMENT TRAINING TO UNDERSERVED YOUTH FACING BARRIERS TO EMPLOYMENT. THREE DAYS EACH WEEK, APPRENTICES WORK AS PART OF A TEAM TOWARD A COMMON GOAL - BUILDING A BOAT. THROUGH THE PROCESS, YOUTH LEARN AND DEVELOP SOCIAL AND EMOTIONAL SKILLS SUCH AS COMMUNICATION, SELF-MANAGEMENT, AND CRITICAL PROBLEM-SOLVING. ADDITIONALLY, YOUTH ENGAGE IN WEEKLY WORKSHOPS AND TRAINING RANGING FROM WORKPLACE ETIQUETTE TO FINANCIAL LITERACY. FIELD TRIPS TO LOCAL BUSINESSES, COLLEGES, AND TRAINING PROGRAMS EXPAND YOUTH'S EXPOSURE AND UNDERSTANDING OF THE POSSIBILITIES FOR THEIR FUTURE. YOUTH PARTICIPANTS DEVELOP THE SKILLS, AGENCY, AND CONFIDENCE THEY NEED TO PURSUE THEIR GOALS AND ACHIEVE SUCCESS. 44 YOUTH WERE SERVED THROUGH THE APPRENTICESHIP PROGRAM IN 2023. 100% OF THESE YOUTH REPORTED THAT THE PROGRAM HELPED THEM FIGURE OUT THE NEXT STEPS NEEDED TO SUCCESSFULLY ACHIEVE THEIR GOALS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $779,853
Program Service Revenue $197,147
Investment Income $5,050
Other Revenue $1,212
TOTAL REVENUE $983,262

Expense Breakdown

Grants Paid $0
Salaries & Benefits $673,463
Fundraising Expenses $80,189
Program Expenses $958,095
Other Expenses $492,176
TOTAL EXPENSES $1,165,639

Year-over-Year Comparison

2023 2022 Change
Revenue $983,262 $1,052,170 -0.1%
Expenses $1,165,639 $929,206 +0.3%
Net Income $-182,377 $122,964 -2.5%
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
8
Independent Members
8
Employees
69
Volunteers
148

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
$112,232
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TINA BARSKY CHAIR 2.00
Officer Director
$0 $0 $0
JOSH KRAFT VICE CHAIR 2.00
Officer Director
$0 $0 $0
RICHARD INGEMAN TREASURER 2.00
Officer Director
$0 $0 $0
LILY TAYLOR SECRETARY 2.00
Officer Director
$0 $0 $0
ANTHONY WILLIAMS BOARD MEMBER 2.00
Director
$0 $0 $0
BRIAN BROWN BOARD MEMBER 2.00
Director
$0 $0 $0
VALARIE HONEY BOARD MEMBER 2.00
Director
$0 $0 $0
TIM LOVETT BOARD MEMBER 2.00
Director
$0 $0 $0
MARC HOSMER EXECUTIVE DIRECTOR/CEO 40.00
Officer
$112,232 $0 $112,232
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
2024 No data No data No data No data
2023 $983,262 $1,165,639 $483,049 $-182,377
2022 $1,052,170 $929,206 $743,141 $122,964
2021 $733,218 $710,413 $529,785 $22,805
2020 $759,499 $656,825 $493,475 $102,674
2019 $813,379 $804,988 $374,234 $8,391
2018 $796,725 $821,631 $372,513 $-24,906
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