Eugene Rowing Club
- Assets
- $284.1k
- Revenue
- $308.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Eugene, OR
- Founding
- 10/2015
- Data as of
- 06/2023
- EIN
- 46-4297175
Organization Overview
Eugene Rowing Club is located in Eugene, OR. The organization was established in 2015. 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. As of 06/2023, Eugene Rowing Club employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eugene Rowing Club 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 06/2023, Eugene Rowing Club generated $308.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $216.4k during the year ending 06/2023. While expenses have increased by 22.7% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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
SOUTH EUGENE ROWING CLUB (SERC) PROVIDES ALL LOCAL YOUTH AN OPPORTUNITY TO LEARN AND COMPETE IN ROWING - AN OLYMPIC, COLLEGIATE, AND HIGH SCHOOL LEVEL SPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FALL/WINTER/SPRING SEASONS. SERC PROVIDED OPPORTUNITY FOR 8-12TH GRADERS FROM MULTIPLE CITIES TO TRAIN AND COMPETE. SERC SERVED 60 KIDS THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noah Parsons President | OfficerTrustee | 20 | $0 |
Jaini Van Sholten Vice President | OfficerTrustee | 5 | $0 |
Trevor Betenson Treasurer | OfficerTrustee | 5 | $0 |
Amy Page Secretary | OfficerTrustee | 5 | $0 |
Zack Page Board Member | Trustee | 2 | $0 |
Doug Danniel Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $87,562 |
| Fundraising events | $25,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,286 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,848 |
| Total Program Service Revenue | $29,637 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,875 |
| Net Income from Fundraising Events | $11,796 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,489 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $308,667 |
| 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. | $48,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,125 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $275 |
| Fees for services: Accounting | $1,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,087 |
| Office expenses | $313 |
| Information technology | $545 |
| Royalties | $0 |
| Occupancy | $40,000 |
| 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 | $18,759 |
| Insurance | $13,932 |
| All other expenses | $7,055 |
| Total functional expenses | $216,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,089 |
| 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 | $197,030 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $284,119 |
| Accounts payable and accrued expenses | $1,815 |
| 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 | $0 |
| Total liabilities | $1,815 |
| Net assets without donor restrictions | $282,304 |
| 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 | $284,119 |