THE CARPENTER'S BOAT SHOP

Address
440 OLD COUNTY ROAD
PEMAQUID, ME 04558
Contact
Website: http://www.carpentersboatshop.com
Phone: +1 (207) 677-2614
Nonprofit
NTEE: B99 - Education N.E.C.
EIN: 22-2512976

Mission

APPRENTICE PROGRAM
 20172016201520142013
Basic features of the organization
Year of formation1979
Subsection code03
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$32,613.00$32,917.00$30,381.00$30,172.00$29,580.00
Sum of reportable (W2/1099) compensation$32,613.00$0.00$30,381.00$0.00$0.00
Number of employees141410119
Number of people compensated >$100k 0000
Number of volunteers100991515
Number of highly compensated contractors 000 
Personnel
Cameron, Doug
Title DIRECTORDIRECTORDIRECTOR 
Name of key/compensated person DOUG CAMERONDOUG CAMERONDOUG CAMERON 
Position of compensated person
Current individual trustee or director TrueTrueTrue 
Average hours per week working for org 10.0010.001.00 
Reportable compensation from org $0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00 
Conway, Elizabeth
TitlePRESIDENT & DIRECTOR    
Name of key/compensated personELIZABETH CONWAY    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org2.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Conway, Lisa
Title VICE PRESIDENTVICE PRESIDENTDIRECTOR 
Name of key/compensated person LISA CONWAYLISA CONWAYLISA CONWAY 
Position of compensated person
Current individual trustee or director TrueTrueTrue 
Average hours per week working for org 12.0012.001.00 
Reportable compensation from org $0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00 
Dittmann, Emily
Title DIRECTORDIRECTORDIRECTOR 
Name of key/compensated person EMILY DITTMANNEMILY DITTMANNEMILY DITTMANN 
Position of compensated person
Current individual trustee or director TrueTrueTrue 
Average hours per week working for org 8.008.001.00 
Reportable compensation from org $0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00 
Elowe, Ken
Title PRESIDENTPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated person KEN ELOWEKEN ELOWEKEN ELOWEKEN ELOWE
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 10.0010.0010.0010.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Elowe, Kenneth
TitleDIRECTOR    
Name of key/compensated personKENNETH ELOWE    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.90    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Filler, Karen
TitleVICE PRESIDENT    
Name of key/compensated personKAREN FILLER    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.20    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Filler, Matt
Title DIRECTORDIRECTORDIRECTOR 
Name of key/compensated person MATT FILLERMATT FILLERMATT FILLER 
Position of compensated person
Current individual trustee or director TrueTrueTrue 
Average hours per week working for org 10.0010.001.00 
Reportable compensation from org $0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00 
Filler, Matthew
TitleDIRECTOR    
Name of key/compensated personMATTHEW FILLER    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.20    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Gormley, Pam
Title CLERKCLERK  
Name of key/compensated person PAM GORMLEYPAM GORMLEY  
Position of compensated person
Current individual trustee or director TrueTrue  
Average hours per week working for org 8.008.00  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Gormley, Pamela
TitleCLERK & DIRECTOR    
Name of key/compensated personPAMELA GORMLEY    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.20    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Guttentag, Joseph
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personJOSEPH GUTTENTAGJOSEPH GUTTENTAGJOSEPH GUTTENTAG  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org0.905.005.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Hamilton, Edward
TitleDIRECTOR    
Name of key/compensated personEDWARD HAMILTON    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.90    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Hardcastle, Y
Title TREASURERTREASURERTREASURERTREASURER
Name of key/compensated person Y HUGH HARDCASTLE IIIY HUGH HARDCASTLE IIIY HUGH HARDCASTLE IIIY HUGH HARDCASTLE III
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 12.0012.0010.0010.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Hardcastle, Yellow
TitleTREASURER & DIRECTOR    
Name of key/compensated personYELLOW F HARDCASTLE III    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.80    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Harter-Ives, Hannah
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personHANNAH HARTER-IVESHANNAH HARTER-IVESHANNAH HARTER-IVES  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.209.009.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Hoare, Kim
Title  EXECUTIVE DIRECTOR  
Name of key/compensated person  KIM HOARE  
Position of compensated person
Average hours per week working for org  40.00  
Reportable compensation from org  $30,381.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Hoare, Kimberly
TitleEXECUTIVE DIRECTOR    
Name of key/compensated personKIMBERLY HOARE    
Position of compensated person
Average hours per week working for org60.00    
Reportable compensation from org$32,613.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Levesque, David
TitleDIRECTOR    
Name of key/compensated personDAVID LEVESQUE    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.90    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Libby, Fred
Title   DIRECTOR 
Name of key/compensated person   FRED LIBBY 
Position of compensated person
Current individual trustee or director   True 
Average hours per week working for org   1.00 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
Marshall, Andrew
Title   VICE PRESIDENTVICE PRESIDENT
Name of key/compensated person   ANDREW MARSHALLANDREW MARSHALL
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   10.0010.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
McNaughton, Peter
TitleDIRECTOR    
Name of key/compensated personPETER MCNAUGHTON    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.20    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Putzel, Michael
TitleDIRECTOR    
Name of key/compensated personMICHAEL PUTZEL    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.20    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Rowan, James
TitleDIRECTORDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personJAMES ROWANJAMES A ROWAN JRJAMES A ROWAN JRJAMES A ROWAN JR 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org0.908.008.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Rowe, Abby
Title SECRETARYSECRETARYDIRECTOR 
Name of key/compensated person ABBY ROWEABBY ROWEABBY ROWE 
Position of compensated person
Current individual trustee or director TrueTrueTrue 
Average hours per week working for org 14.0014.001.00 
Reportable compensation from org $0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00 
Rowe, Abigail
TitleSECRETARY & DIRECTOR    
Name of key/compensated personABIGAIL ROWE    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org2    
Stephenson, Toby
TitleDIRECTOR    
Name of key/compensated personTOBY STEPHENSON    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1    
Stevens, Mike
Title DIRECTORDIRECTORDIRECTOR 
Name of key/compensated person MIKE STEVENSMIKE STEVENSMIKE STEVENS 
Position of compensated person
Current individual trustee or director TrueTrueTrue 
Average hours per week working for org 10.0010.001.00 
Reportable compensation from org $0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00 
Treadwell, David
Title   SECRETARYSECRETARY
Name of key/compensated person   DAVID TREADWELLDAVID TREADWELL
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   10.0010.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Wahle, Richard
TitleDIRECTOR    
Name of key/compensated personRICHARD WAHLE    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1    
Wiley, Hilda
Title   DIRECTOR 
Name of key/compensated person   HILDA IVES WILEY 
Position of compensated person
Current individual trustee or director   True 
Average hours per week working for org   1.00 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
Wood, Paul
Title DIRECTORDIRECTORDIRECTOR 
Name of key/compensated person PAUL WOODPAUL WOODPAUL WOOD 
Position of compensated person
Current individual trustee or director TrueTrueTrue 
Average hours per week working for org 10.0010.001.00 
Reportable compensation from org $0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesAPPRENTICE PROGRAM SEE PAGE 2THE CARPENTER'S BOATSHOP IS AN APPRENTICESHIP-SCHOOL PROVIDING OPPORTUNITIES IN BUILDING BOATS, NURTURING LIVES, AND HELPING OTHERS. OUR MISSION IS TO HELP APPRENTICES GAIN A DEEPER KNOWLEDGE OF THEMSELVES. A CLEARER VISION FOR THEIR LIFE'S GOALS AND A STRONGER COMMITMENT IN THEIR SERVICE TO OTHERS.THE CARPENTER'S BOATSHOP IS AN APPRENTICESHIP-SCHOOL PROVIDING OPPORTUNITIES IN BUILDING BOATS, NURTURING LIVES, AND HELPING OTHERS. OUR MISSION IS TO HELP APPRENTICES GAIN A DEEPER KNOWLEDGE OF THEMSELVES. A CLEARER VISION FOR THEIR LIFE'S GOALS AND A STRONGER COMMITMENT IN THEIR SERVICE TO OTHERS.THE CARPENTER'S BOATSHOP IS AN APPRENTICESHIP-SCHOOL PROVIDING OPPORTUNITIES IN BUILDING BOATS, NURTURING LIVES, AND HELPING OTHERS. OUR MISSION IS TO HELP APPRENTICES GAIN A DEEPER KNOWLEDGE OF THEMSELVES. A CLEARER VISION FOR THEIR LIFE'S GOALS AND A STRONGER COMMITMENT IN THEIR SERVICE TO OTHERS.THE CARPENTER'S BOATSHOP IS AN APPRENTICESHIP-SCHOOL PROVIDING OPPORTUNITIES IN BUILDING BOATS, NURTURING LIVES, AND HELPING OTHERS. OUR MISSION IS TO HELP APPRENTICES GAIN A DEEPER KNOWLEDGE OF THEMSELVES. A CLEARER VISION FOR THEIR LIFE'S GOALS AND A STRONGER COMMITMENT IN THEIR SERVICE TO OTHERS.
Program service expenses, total$347,060.00$414,038.00$444,034.00$439,330.00$426,326.00
Programs, including revenue & expenses
THE CARPENTER'S BOAT SHOP IS A PROGRAM DESIGNED TO ENABLE 10 DIFFERENT ADULT APPRENTICES EACH YEAR TO NAVIGATE THE ROUGH SEAS OF LIFE'S TRANSITIONS. IT DOES THIS THROUGH THE TEACHING AND LEARNING OF THE CRAFT OF WOODEN BOAT BUILDING, COMMUNITY LIVING, SERVICE TO THE COMMUNITY AND SELF REFLECTION.
Program expenses$347,060.00    
Program revenue$60,449.00    
Program descriptionTHE CARPENTER'S BOAT SHOP IS A PROGRAM DESIGNED TO ENABLE 10 DIFFERENT ADULT APPRENTICES EACH YEAR TO NAVIGATE THE ROUGH SEAS OF LIFE'S TRANSITIONS. IT DOES THIS THROUGH THE TEACHING AND LEARNING OF THE CRAFT OF WOODEN BOAT BUILDING, COMMUNITY LIVING, SERVICE TO THE COMMUNITY AND SELF REFLECTION.    
THE CARPENTER'S BOATSHOP IS A PROGRAM DESIGNED FOR CHRISTIAN GROWTH, LEARNING AND LIVING. ITS AIM IS TO HELP 16 APPRENTICES LEARN THE SKILLS AND CRAFT OF WOODEN BOAT BUILDING. IT ALSO HELPS THE APPRENTICES TO LIVE WITHOUT FEAR, LOVE WITHOUT RESERVE AND WILLING TO WORK FOR THE COMMON GOOD OF ALL.
Program expenses $414,038.00$444,034.00$439,330.00$426,326.00
Program revenue $113,883.00$91,425.00$90,759.00$116,142.00
Program description THE CARPENTER'S BOATSHOP IS A PROGRAM DESIGNED FOR CHRISTIAN GROWTH, LEARNING AND LIVING. ITS AIM IS TO HELP 16 APPRENTICES LEARN THE SKILLS AND CRAFT OF WOODEN BOAT BUILDING. IT ALSO HELPS THE APPRENTICES TO LIVE WITHOUT FEAR, LOVE WITHOUT RESERVE AND WILLING TO WORK FOR THE COMMON GOOD OF ALL.THE CARPENTER'S BOATSHOP IS A PROGRAM DESIGNED FOR CHRISTIAN GROWTH, LEARNING AND LIVING. ITS AIM IS TO HELP 16 APPRENTICES LEARN THE SKILLS AND CRAFT OF WOODEN BOAT BUILDING. IT ALSO HELPS THE APPRENTICES TO LIVE WITHOUT FEAR, LOVE WITHOUT RESERVE AND WILLING TO WORK FOR THE COMMON GOOD OF ALL.THE CARPENTER'S BOATSHOP IS A PROGRAM DESIGNED FOR CHRISTIAN GROWTH, LEARNING AND LIVING. ITS AIM IS TO HELP 16 APPRENTICES LEARN THE SKILLS AND CRAFT OF WOODEN BOAT BUILDING. IT ALSO HELPS THE APPRENTICES TO LIVE WITHOUT FEAR, LOVE WITHOUT RESERVE AND WILLING TO WORK FOR THE COMMON GOOD OF ALL.THE CARPENTER'S BOATSHOP IS A PROGRAM DESIGNED FOR CHRISTIAN GROWTH, LEARNING AND LIVING. ITS AIM IS TO HELP 16 APPRENTICES LEARN THE SKILLS AND CRAFT OF WOODEN BOAT BUILDING. IT ALSO HELPS THE APPRENTICES TO LIVE WITHOUT FEAR, LOVE WITHOUT RESERVE AND WILLING TO WORK FOR THE COMMON GOOD OF ALL.
Financial data
Revenue
Total revenue$341,866.00$320,495.00$366,743.00$820,946.00$497,336.00
Revenue from contributions (total)$260,559.00$187,327.00$248,007.00$647,671.00$349,197.00
Investment income, current yr$17,129.00$27,616.00$24,467.00$19,408.00$30,395.00
Total revenue from grants, etc., current yr$260,559.00$187,327.00$248,007.00$647,671.00$349,197.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00-$1,146.00$6,605.00$63,108.00$15,332.00
Net unrelated business taxable revenue $0.00$0.00$0.00$0.00
Program service revenue (total)$64,178.00$106,698.00$87,664.00$90,759.00$102,412.00
Gross receipts$417,137.00$578,419.00$422,885.00$846,696.00$671,316.00
Sources of contributions
Revenue from fundraising events$21,103.00    
Revenue from all other contributions$239,456.00$187,327.00$248,007.00$647,671.00$349,197.00
Other types of revenue
Miscellaneous revenue (total) $2,000.00$2,000.00$62,876.00$13,359.00
Income from dividends, interest, and similar investments$18,174.00$22,431.00$22,706.00$19,408.00$16,665.00
Net rental income  $0.00$0.00$0.00
Net income from fundraising events -$3,146.00$4,605.00$232.00$1,973.00
Expense categories (totals)
Total functional expenses: sum of all$431,346.00$416,792.00$450,726.00$445,496.00$433,407.00
Total functional expenses: program service $347,060.00$414,038.00$444,034.00$439,330.00$426,326.00
Total functional expenses: management and general$56,069.00$2,754.00$6,692.00$6,166.00$7,081.00
Total functional expenses: fundraising$28,217.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)   $35.00$35.00
Fundraising service fees (total)$8,805.00$0.00$0.00$0.00$0.00
Investment management fees (total) $747.00   
Assets and liabilities
Total assets$2,243,705.00$2,321,693.00$2,405,092.00$2,569,419.00$2,233,982.00
Total assets, beginning of year$2,321,693.00$2,405,092.00$2,569,419.00$2,233,982.00$2,247,264.00
Total liabilities$0.00$3,000.00$43,000.00$83,000.00$123,011.00
Total liabilities, beginning of year$3,000.00$43,000.00$83,000.00$123,011.00$200,224.00
Unrestricted net assets, end of yr $2,318,693.00$2,362,092.00$2,486,419.00$2,110,971.00
Temporarily restricted net assets$9,454.00    
Permanently restricted net assets, end of yr$2,234,251.00    
Net assets$2,243,705.00$2,318,693.00$2,362,092.00$2,486,419.00$2,110,971.00
Net assets, beginning of year$2,318,693.00$2,362,092.00$2,486,419.00$2,110,971.00$2,047,040.00
Investments: publicly traded securities$611,160.00$626,190.00$772,521.00$813,713.00$480,334.00
Cash: non-interest bearing$45,434.00$48,311.00$120,513.00$196,118.00$88,618.00
Cash: non-interest bearing, beginning of year$48,311.00$120,513.00$196,118.00$88,618.00$55,438.00
Other financial variables
Revenue less expenses-$89,480.00-$96,297.00-$83,983.00$375,450.00$63,929.00
Advertising (total)$931.00$835.00$2,953.00$4,486.00$2,677.00
Savings & temp cash investment  $11,617.00$6,633.00$117,678.00
Accounts payable & accrued expenses    $11.00
Secured mortgages and notes payable $3,000.00$43,000.00$83,000.00$123,000.00
Total net assets or fund balances$2,243,705.00$2,318,693.00$2,362,092.00$2,486,419.00$2,110,971.00
Depreciation, depletion, amortization$62,183.00$53,791.00$51,688.00$43,136.00$42,900.00
Governance and accountability
Number of voting members1614141616
Number of independent voting members161414160
Financial sheets audited  TrueTrueTrue
Audit on consolidated basis    True
Relationships among key personnelTrue    
Cash accountingTrueTrueTrueTrueTrue
Tax year start date2016-09-012015-09-012014-09-012013-09-012012-09-01
Tax year end date2017-08-012016-08-012015-08-012014-08-012013-08-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-03-012017-10-182016-10-212015-02-132014-04-30
IRS schema version2016v3.02015v3.02014v6.02013v4.02012v2.1
Filing identifier201830239349301063201701959349300505201611959349300511201540309349301129201400989349300300
Use these data in your project Benchmark this organization against its peers