Penn Athletic Club Rowing Association
- Assets
- $436.3k
- Revenue
- $176.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Philadelphia, PA
- Founding
- 02/1990
- Data as of
- 12/2020
- EIN
- 23-2565133
Organization Overview
Penn Athletic Club Rowing Association is located in Philadelphia, PA. The organization was established in 1990. As of 12/2020, Penn Athletic Club Rowing Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penn Athletic Club 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 12/2020, Penn Athletic Club Rowing Association generated $176.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $265.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION & PROMOTION OF ROWING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS INVOLVED IN THE EDUCATION OF THE PUBLIC IN THE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Wherley President | Officer | 6 | $0 |
C Reich Secretary | Officer | 6 | $0 |
R Foley Vice Pres | Officer | 6 | $0 |
D Yoon Treasurer | Officer | 6 | $0 |
C Costello Asst Secretary | Officer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,749 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,863 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,612 |
| Total Program Service Revenue | $76,816 |
| Investment income | $187 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,502 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $176,117 |
| 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 | $102,783 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,832 |
| Payroll taxes | $8,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,400 |
| Office expenses | $3,843 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $31,091 |
| Insurance | $33,889 |
| All other expenses | $0 |
| Total functional expenses | $265,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,263 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $255,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $436,321 |
| Accounts payable and accrued expenses | $0 |
| 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 | $160,400 |
| Total liabilities | $160,400 |
| 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 | $275,921 |
| Total liabilities and net assets/fund balances | $436,321 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Penn Athletic Club Rowing Association has recieved totaling $19,869.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $19,869 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parkette National Gymnastic Team Inc Allentown, PA | $2,066,522 | $2,115,646 |
International Bowhunting Organization Of The Usa Inc Fairview Park, OH | $125,786 | $706,287 |
Ultrafit Usa Hilliard, OH | $88,554 | $349,712 |
Hudson-Mohawk Road Runners Club Albany, NY | $537,950 | $306,805 |
Penn Athletic Club Rowing Association Philadelphia, PA | $436,321 | $176,117 |
Girls Gymnastic-Athletic Club Of Owego New York Inc Owego, NY | $340,113 | $262,339 |
Hills Angels Gymnastic Team Incorporated Gaithersburg, MD | $315,618 | $224,271 |
Sokol Greater Cleveland Gymnastic & Educational Organization Cleveland, OH | $2,473,335 | $255,287 |
Rebounders Parents Association Timonium, MD | $49,475 | $184,791 |
Finger Lakes Region Sports Car Club Of America Inc Webster, NY | $252,770 | $0 |
Cincinnati Golden Gloves For Youth Tt Cincinnati, OH | $378,888 | $134,997 |
Blue Mountain Quarter Midget Assoc Inc Cherryville, PA | $44,949 | $0 |