Norwalk River Rowing Association
- Assets
- $973.7k
- Revenue
- $598.8k
- Investments
- $0.0
- Employees
- 15
- Location
- Norwalk, CT
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 22-3273115
Organization Overview
Norwalk River Rowing Association is located in Norwalk, CT. The organization was established in 1998. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Norwalk River Rowing Association employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norwalk River 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 12/2021, Norwalk River Rowing Association generated $598.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $632.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL AND TECHNICAL SUPPORT FOR AMATEUR ROWING PROGRAMS FOR YOUTHS AND ADULTS IN THE NORWALK, CT. AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROWING PROGRAMS IN PRIMARILY TWO CATEGORIES: ADULT PROGRAMS AND YOUTH PROGRAMS (INCLUDING FACILITY RENTAL TO COMMUNITY-BASED ORGANIZATIONS) TO FURTHUR THE EDUCATION AND INTEREST IN AMATEUR ROWING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Thompson Executive Director | Officer | 35 | $58,846 |
Norman Weinberger Chair | OfficerTrustee | 2 | $0 |
Jennifer Nicasio Secretary/treasurer | OfficerTrustee | 2 | $0 |
Robert Redpath Board Member | Trustee | 1 | $0 |
Dan Walsh Board Member | Trustee | 1 | $0 |
Ford Smith Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,516 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,675 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,269 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,460 |
| Total Program Service Revenue | $511,040 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $346 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $598,798 |
| 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. | $58,846 |
| Compensation of current officers, directors, key employees. | $55,904 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $203,085 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,715 |
| Fees for services: Accounting | $4,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,947 |
| Office expenses | $849 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,591 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,418 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,442 |
| Insurance | $16,034 |
| All other expenses | $37,252 |
| Total functional expenses | $632,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,596 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $93 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,252 |
| Net Land, buildings, and equipment | $867,790 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $973,731 |
| Accounts payable and accrued expenses | $2,139 |
| Grants payable | $0 |
| Deferred revenue | $44,325 |
| 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 | $552,266 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $598,730 |
| Net assets without donor restrictions | $357,968 |
| Net assets with donor restrictions | $17,033 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $973,731 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Norwalk River Rowing Association has recieved totaling $150.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Country Club Chestnut Hill, MA | $75,043,157 | $30,549,304 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Wee Burn Country Club Inc Darien, CT | $32,519,463 | $16,725,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |
Harvard Club Of New York City New York, NY | $57,363,784 | $14,784,742 |