Canal Dock Boathouse Incorporated

EIN: 464634200 501(c)(3) Recreation & Sports

New Haven, CT

Total Revenue
$515,863
Total Expenses
$496,621
Total Assets
$218,629
Net Assets
$216,467
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CT
Principal Officer
Mitz Carr
Phone
2036688886
Tax Period
2023-01-01 to 2023-12-31

Canal Dock Boathouse Incorporated, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $516K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $497K left a modest 4% surplus.

Mission

To provide access to New Haven harbor and rivers; recreational and education programs, focusing on underserved communities. Canal Dock Boathouse's mission statement of "Opening New Haven's Waterfront for Adventure, Discovery and Growth" encapsulates the Organization's goal to provide access to Long Island Sound, New Haven Harbor and the Quinnipiac and Mill Rivers. It affirms its intent to assist in building individual self-confidence; clarifies its partnership with the New Haven community; and defines its core service areas. With this mission, Canal Dock's services and programs will focus on providing New Haven residents with community programs and activities that connect residents to the waterfront.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $376,248
Program Service Revenue $5,114
Investment Income $45
Other Revenue $134,456
TOTAL REVENUE $515,863

Expense Breakdown

Grants Paid $0
Salaries & Benefits $366,622
Fundraising Expenses $46,938
Program Expenses $379,277
Other Expenses $129,999
TOTAL EXPENSES $496,621

Year-over-Year Comparison

2023 2022 Change
Revenue $515,863 $374,730 +0.4%
Expenses $496,621 $315,240 +0.6%
Net Income $19,242 $59,490 -0.7%
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
12
Independent Members
12
Employees
12
Volunteers
25

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
4
$322
Total Directors
13
$76,495
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Hollis Martens Executive Director 40.00
Director
$76,173 $0 $76,173
Mitz Carr Board President 1.00
Officer Director
$322 $0 $322
Susan Lane Vice President 1.00
Officer Director
$0 $0 $0
Andrew Geisert Treasurer 1.00
Officer Director
$0 $0 $0
Marna Wilber Secretary 1.00
Officer Director
$0 $0 $0
John Pescatore Director 1.00
Director
$0 $0 $0
Andrew Giering Director 1.00
Director
$0 $0 $0
Elvert Eden Director 1.00
Director
$0 $0 $0
Ginny Kozlowski Director 1.00
Director
$0 $0 $0
Douglas Hausladen Director 1.00
Director
$0 $0 $0
Rachel Liu Director 1.00
Director
$0 $0 $0
Stephanie Woodman Director 1.00
Director
$0 $0 $0
Maritza Bond Director 1.00
Director
$0 $0 $0
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 $515,863 $496,621 $218,629 $19,242
2022 $374,730 $315,240 $204,616 $59,490
2021 $275,092 $206,708 $141,849 $68,384
2020 $172,588 $165,826 $74,201 $6,762
2019 $267,316 $372,175 $130,841 $-104,859
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