BOATUS FOUNDATION

EIN: 541156448 501(c)(3) Public Safety

SPRINGFIELD, VA

Total Revenue
$4,058,802
Total Expenses
$3,848,827
Total Assets
$2,041,714
Net Assets
$967,925
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
MD
Principal Officer
HEATHER LOUGHEED
Phone
8002452628
Tax Period
2024-01-01 to 2024-12-31

BOATUS FOUNDATION, founded in 1976, is a community nonprofit in the Public Safety sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $3.8M left a modest 5% surplus.

Mission

THE BOATU.S. FOUNDATION IS AN INNOVATIVE LEADER PROMOTING SAFE, CLEAN, AND RESPONSIBLE BOATING. THE FOUNDATION PROVIDES EDUCATIONAL OUTREACH DIRECTLY TO BOATERS AND SUPPORTS PARTNER ORGANIZATIONS NATIONWIDE.WITH MILLIONS OF BOATERS ON THE WATER, OUR AIM IS TO REDUCE ACCIDENTS AND FATALITIES, INCREASE STEWARDSHIP OF OUR WATERWAYS AND KEEP BOATING A SAFE AND ENJOYABLE PASTIME. THE BOATUS FOUNDATION IS A NATIONAL 501(C)(3) NONPROFIT ORGANIZATION. OUR WORK IS PRIMARILY FUNDED BY GRANTS AND INDIVIDUAL DONATIONS.

Program Service Accomplishments

Program 1
Expenses: $1,676,724 Revenue: $27,947

ONLINE BOATING SAFETY COURSE - THE FOUNDATION PROVIDES A FREE BOATING SAFETY COURSE ON THE INTERNET. ANY BOATER WITH A COMPUTER AND ACCESS TO THE INTERNET CAN TAKE THIS NASBLA APPROVED COURSE AND...

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ONLINE BOATING SAFETY COURSE - THE FOUNDATION PROVIDES A FREE BOATING SAFETY COURSE ON THE INTERNET. ANY BOATER WITH A COMPUTER AND ACCESS TO THE INTERNET CAN TAKE THIS NASBLA APPROVED COURSE AND GAIN VALUABLE SAFETY INFORMATION AND SAFE BOATING SKILLS. A FREE CERTIFICATE MAY BE PRINTED UPON COMPLETING A FINAL EXAM WITH A SCORE OF 80% OR HIGHER. IN 2024, 261,650 BOATERS ENROLLED IN THE ONLINE COURSE. IN PARTNERSHIP WITH SEVERAL OTHER ORGANIZATIONS, THE FOUNDATION PROVIDES ADDITIONAL MORE TECHNICAL BOATING SAFETY COURSES AVAILABLE ONLINE FOR PURCHASE.

Program 2
Expenses: $822,910 Revenue: $558,200

NOAA MARINE DEBRIS REMOVAL PROGRAM - THE FOUNDATION WAS AWARDED A $10 MILLION-DOLLAR MULTI-YEAR GRANT TO COMPLETE SEVERAL PROJECTS IN SUPPORT OF REMOVING MARINE DEBRIS AND ABANDONED AND DERELICT...

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NOAA MARINE DEBRIS REMOVAL PROGRAM - THE FOUNDATION WAS AWARDED A $10 MILLION-DOLLAR MULTI-YEAR GRANT TO COMPLETE SEVERAL PROJECTS IN SUPPORT OF REMOVING MARINE DEBRIS AND ABANDONED AND DERELICT VESSELS (ADV'S) FROM ACROSS THE NATION. THE MAIN PROGRAM AWARD IS IN SUPPORT OF A NATIONAL COMPETITION FOR SUB AWARDEES TO ACCOMPLISH REMOVALS. IN ADDITION, THE FOUNDATION WILL CREATE A DATABASE TO DOCUMENT WHERE ADV'S EXIST CURRENTLY TO ASSIST STATE AND LOCAL GOVERNMENTS WITH FUTURE REMOVAL ACTIVITIES. IN 2024, WITH THE SUPPORT OF NOAA FUNDING, THE FOUNDATION PLANNED A FIRST OF ITS KIND VIRTUAL SUMMIT TO BE HELD IN EARLY 2025 TO BRING MORE AWARENESS TO THE ISSUES SURROUNDING MARINE DEBRIS REMOVAL AND DISPOSAL SOLUTIONS.

Program 3
Expenses: $273,256 Revenue: $188,393

ON THE WATER TRAINING PROGRAM - AS PART OF ITS GENERAL EDUCATION MISSION, THE FOUNDATION CREATED AN ON THE WATER TRAINING PROGRAM IN 2017 WHICH PARTNERS WITH LOCAL PROVIDERS TO OFFER THE PUBLIC MORE...

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ON THE WATER TRAINING PROGRAM - AS PART OF ITS GENERAL EDUCATION MISSION, THE FOUNDATION CREATED AN ON THE WATER TRAINING PROGRAM IN 2017 WHICH PARTNERS WITH LOCAL PROVIDERS TO OFFER THE PUBLIC MORE ACCESS TO HANDS ON SKILLS TRAINING ABOARD RECREATIONAL VESSELS. HANDS ON TRAINING REDUCES RECREATIONAL BOATING ACCIDENTS AND FATALITIES. MORE THAN 9000 STUDENTS HAVE RECEIVED TRAINING SINCE THE PROGRAM'S INCEPTION. AT THE END OF 2024, THE FOUNDATION SHIFTED ITS PROGRAM MODEL FROM PROVIDING THE ADMINISTRATIVE SERVICES RELATED TO SCHEDULING AND PAYMENT FOR TRAINING TO A LISTING SERVICE MODEL FOR VETTED LOCAL PROVIDERS. THE FOUNDATION PUBLISHES AND PROMOTES GENERAL EDUCATION INFORMATION REGARDING BOATING SAFETY, MARINE DEBRIS, AND CLEAN WATER INITIATIVES ON ITS WEBSITE. DISTRIBUTION EFFORTS INCLUDE VARIOUS MARKETING CHANNELS, DIRECT EMAIL AND MULTIPLE PUBLIC SPEAKING EVENTS BY STAFF. BOATUS FOUNDATION STAFF HOLD LEADERSHIP POSITIONS ON MANY BOATING SAFETY ORGANIZATIONS NATIONWIDE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,688,346
Program Service Revenue $927,301
Investment Income $438,175
Other Revenue $4,980
TOTAL REVENUE $4,058,802

Expense Breakdown

Grants Paid $0
Salaries & Benefits $982,902
Fundraising Expenses $284,466
Program Expenses $3,143,385
Other Expenses $2,865,925
TOTAL EXPENSES $3,848,827

Year-over-Year Comparison

2024 2023 Change
Revenue $4,058,802 $2,578,142 +0.6%
Expenses $3,848,827 $3,539,115 +0.1%
Net Income $209,975 $-960,973 -1.2%
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
7
Independent Members
7
Employees
N/A
Volunteers
8

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
$226,115
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES ELLIS TRUSTEE 1.00
Director
$0 $0 $0
ROBERT PUTNAM TRUSTEE 1.00
Director
$0 $0 $0
JANICE HOBART TRUSTEE 1.00
Director
$0 $0 $0
BERNADETTE BERNON TRUSTEE 1.00
Director
$0 $0 $0
RUTH WOOD TRUSTEE 1.00
Director
$0 $0 $0
BOB ADRIANCE TRUSTEE 1.00
Director
$0 $0 $0
TAMMY MOORE CHAIRMAN PRESIDENT & COO 1.00
Officer Director
$0 $0 $0
TED SENSENBRENNER TREASURER 40.00
Officer
$0 $0 $118,636
HEATHER LOUGHEED PRESIDENT 1.00
Officer
$0 $0 $0
ALAN DENNISON SECRETARY 40.00
Officer
$0 $0 $107,479
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 $4,058,802 $3,848,827 $2,041,714 $209,975
2023 $2,578,142 $3,539,115 $2,030,650 $-960,973
2022 $3,087,053 $3,590,880 $2,346,168 $-503,827
2021 $3,240,469 $3,255,722 $2,787,236 $-15,253
2020 $2,676,892 $2,527,481 $2,666,023 $149,411
2019 $2,735,764 $2,143,181 $2,276,072 $592,583
2018 $2,256,414 $2,208,740 $1,714,733 $47,674
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