Passaic River Rowing Association
- Assets
- $315.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lyndhurst, NJ
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 22-3652104
Organization Overview
Passaic River Rowing Association is located in Lyndhurst, NJ. The organization was established in 2000. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Passaic 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, Passaic River Rowing Association generated $88.4k 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 (7.1%) each year. All expenses for the organization totaled $97.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CALL TOGETHER AND SUPPORT A COMMUNITY OF ROWERS OF EVERY AGE AND ABILITY WITH PRIMARY EMPHASIS ON YOUTH ROWING WITHIN THE LOCAL COMMUNITY; PROMOTE THE HIGHEST VALUES OF ROWING IN INTERNATIONAL, NATIONAL AND LOCAL ARENAS; PROMOTE THE STEWARDSHIP OF THE PASSAIC RIVER ENVIRONMENT; AND STRIVE FOR EXCELLENCE IN ALL THAT WE DO.
Describe the Organization's Program Activity:
Part 3
HEAD OF THE PASSAIC REGATTA: ANNUAL RACE HELD IN OCTOBER, PROVIDING A SAFE ENVIRONMENT FOR FRIENDLY COMPETITION AMONGST ROWING TEAMS, AND PROVIDES COMMUNITY EXPOSURE TO ROWING, SERVING ALMOST 5,000 COMMUNITY MEMBERS.
ADULT LEARN TO ROW CLASSES: INTRODUCES NEW PEOPLE TO THE SPORT OF ROWING AND FOSTERS STEWARDSHIP FOR THE PASSAIC RIVER, SERVING ABOUT 40 PEOPLE ANNUALLY.
YOUTH PROGRAMMING: PROVIDES YOUTH WITH A SAFE SPACE TO EXPLORE THE SPORT OF ROWING, WHILE GIVING THEM SPACE TO GROW, APPRECIATE THE LOCAL RIVER ENVIRONMENT, AND FOSTERS A SPACE FOR CAMARADERIE AND SPORTSMANSHIP, SERVING APPROXIMATELY 80 YOUTHS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Holzman President | 15 | $0 | |
Jeffrey Gingold Secretary | 10 | $0 | |
Fabian Cortes Board Member | 10 | $0 | |
Fernanda Lois Board Member | 10 | $0 | |
Nestor Bottino Board Member | 10 | $0 | |
Jose Antunes Treasurer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,899 |
| Total Program Service Revenue | $37,477 |
| Membership dues | $0 |
| Investment income | $28 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $88,404 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $40,711 |
| Occupancy, rent, utilities, and maintenance | $25,269 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,095 |
| Total expenses | $97,075 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $285,050 |
| Other assets | $0 |
| Total assets | $315,657 |
| Total liabilities | $4,410 |
| Net assets or fund balances | $311,247 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Row New York Inc New York, NY | $11,063,352 | $5,131,305 |
Long Island Swimming Garden City, NY | $5,786,299 | $2,981,330 |
Stony Brook Yacht Club Inc Stony Brook, NY | $1,925,542 | $2,144,649 |
Hudson River Community Sailing Inc New York, NY | $1,975,748 | $1,753,516 |
South Jersey Aquatic Club Voorhees, NJ | $176,269 | $1,185,963 |
West Side Rowing Club Incorporated Of The City Of Buffalo Buffalo, NY | $4,706,391 | $1,097,011 |
Usa Swimming Inc Blue Bell, PA | $1,171,270 | $977,140 |
Saltaire Yacht Club Inc Franklin Square, NY | $2,486,867 | $986,689 |
Scranton Canoe Club Lake Winola, PA | $1,120,318 | $1,020,195 |
Nomahegan Swim Club Westfield, NJ | $1,955,204 | $1,200,408 |
Usa Swimming Inc Wall, NJ | $576,031 | $866,958 |
Saratoga Rowing Association Inc Saratoga Springs, NY | $3,374,374 | $735,399 |