Western Reserve Rowing Association
- Assets
- $349.8k
- Revenue
- $315.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Cleveland, OH
- Founding
- 09/2006
- Data as of
- 12/2023
- EIN
- 20-2841002
Organization Overview
Western Reserve Rowing Association is located in Cleveland, OH. The organization was established in 2006. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Reserve Rowing Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Western Reserve Rowing Association generated $315.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $290.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND PROMOTE ADULT COMPETITIVE AND RECREATIONAL ROWING IN THE GREATER CLEVELAND AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE ROWING PROGRAMS FOR NORTHEAST OHIO ADULTS. PROMOTE WATER SAFETY, FITNESS AND TEAM DEVELPOMENT FOR APPROXIMATELY 600 INDIVIDUALS.
DONATIONS TO ORGANIZATIONS SUPPORTED BY DECEASED MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Cole Director Of | OfficerTrustee | 1 | $0 |
Maria Coyne Corp/learn R | Trustee | 1 | $0 |
Teresa Hooper Equipment Di | Trustee | 1 | $0 |
Leah Livermore Volunteer Di | OfficerTrustee | 1 | $0 |
Tim Marcovy Director Of | Trustee | 1 | $0 |
Robin Murphy Outreach Dir | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $165,804 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,733 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,537 |
| Total Program Service Revenue | $136,598 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $231 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $315,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,672 |
| Payroll taxes | $3,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,303 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,215 |
| Advertising and promotion | $3,503 |
| Office expenses | $1,799 |
| Information technology | $770 |
| Royalties | $0 |
| Occupancy | $3,600 |
| Travel | $171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,894 |
| Insurance | $5,861 |
| All other expenses | $31,115 |
| Total functional expenses | $290,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,125 |
| Savings and temporary cash investments | $167,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,163 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $151,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $98 |
| Total assets | $349,837 |
| Accounts payable and accrued expenses | $1,940 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,802 |
| Total liabilities | $3,742 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $346,095 |
| Total liabilities and net assets/fund balances | $349,837 |