Parati Competitive Rowing
- Assets
- $194.1k
- Revenue
- $168.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Spring, TX
- Founding
- 11/2013
- Data as of
- 05/2022
- EIN
- 45-5618578
Organization Overview
Parati Competitive Rowing is located in Spring, TX. The organization was established in 2013. 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. Parati Competitive Rowing 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 05/2022, Parati Competitive Rowing generated $168.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $206.2k during the year ending 05/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PARATIS MISSION IS TO INSPIRE TEENS TO A LIFELONG COMMITMENT TO EXCELLENCE BY PROVIDING YOUTH ROWING PROGRAM OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARATI COMPETITIVE ROWING IS A CO-ED YOUTH DEVELOPMENT TEAM THAT SERVICES APPROXIMATELY 50 CHILDREN EACH YEAR COMPETING AT THE LOCA, REGIONAL AND NATIONAL LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Dalton President | Officer | 5 | $0 |
Jeannette Jones Treasurersecretary | Officer | 5 | $0 |
Michael Marlow Director | Trustee | 1 | $0 |
Michael Rosman Head Coach | Trustee | 25 | $0 |
Audrey Shellum Director | Trustee | 1 | $0 |
Jeffrey Reavis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $133,100 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,513 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,613 |
| Total Program Service Revenue | $17,285 |
| Investment income | $45 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,999 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $168,787 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,375 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,065 |
| Office expenses | $1,061 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,807 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,372 |
| Interest | $670 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,762 |
| Insurance | $4,087 |
| All other expenses | $83,349 |
| Total functional expenses | $206,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,810 |
| 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 | $88,256 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $194,066 |
| Accounts payable and accrued expenses | $13,683 |
| 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 | $60,120 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $73,803 |
| Net assets without donor restrictions | $120,263 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $194,066 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Parati Competitive Rowing has recieved totaling $48.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $48 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sea Star Base Galveston Galveston, TX | $52,632,706 | $20,281,003 |
Elkins Lake Recreation Corporation Huntsville, TX | $9,584,590 | $4,419,021 |
City Of Midland Aquatics Inc Midland, TX | $15,063,835 | $4,415,991 |
Lakeside Aquatic Club Flower Mound, TX | $1,073,156 | $2,759,695 |
Dads Club Swim Team Inc Houston, TX | $8,890,317 | $2,500,934 |
First Colony Swim Team Inc Missouri City, TX | $836,343 | $2,162,266 |
Courtney S Turner Charitable Trust Boatmens First Natl Bk Of Kc Ttee Dallas, TX | $21,330,664 | $1,286,547 |
Laser Class Association Inc Austin, TX | $1,155,017 | $1,842,561 |
Katy Aquatic Team For Youth Inc Katy, TX | $1,965,760 | $1,613,790 |
Austin Rowing Club Austin, TX | $793,099 | $1,451,124 |
Metroplex Aquatics Allen, TX | $207,807 | $1,113,321 |
City Of Plano Swimmers Inc Plano, TX | $1,713,838 | $1,678,096 |