Virginia Scholastic Rowing Association
- Assets
- $257.6k
- Revenue
- $314.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax Station, VA
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 52-1217491
Organization Overview
Virginia Scholastic Rowing Association, operating under the name Vasra, is located in Fairfax Station, VA. The organization was established in 2001. 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. Vasra 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 06/2022, Vasra generated $314.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $278.8k during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE, ENCOURAGE, AND SUPPORT ROWING AT SECONDARY SCHOOLS IN VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT 10 SCHOLASTIC REGATTAS, WITH ENTRIES IN EXCESS OF 12,000 ATHLETES. CONDUCT VIRGINIA SCHOLASTIC CHAMPIONSHIPS WHICH PROVIDES COMPETITION OPPORTUNITIES TO ALL SCHOLASTIC TEAMS IN THE STATE AND IS A QUALIFIER FOR NATIONAL COMPETITIONS. PROVIDE THE COURSE INFRASTRUCTURE FOR COLLEGIATE AND MASTERS EVENTS.
COURSE MAINTENANCE: MAINTAIN THE 2000 METER ALBANO FULLY BUOYED 6 LANE RACE COURSE, START PLATFORM, STARTERS TOWER, ALIGNERS STATION, FINISH TOWER, LAUNCH AND RECOVERY DOCKS, ELECTRONIC START SYSTEM AND EXECTRONIC DEVICES AND EQUIPMENT NECESSARY FOR THE SAFE CONDUCT AND TIMING OF REGATTAS.
REFEREE TRAINING AND SUPPORT; PROVIDE EDUCATIONAL OPPORTUNITIES FOR REFEREES THROUGH OBSERVATION/TRAINING. PROVIDE LOGISTICAL SUPPORT FOR THEIR ATTENDANCE AT SUCH EVENTS AND ITEMS NECESSARY FOR THE CONDUCT OF THEIR DUTIES AT REGATTAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Lazor President | Officer | 20 | $0 |
Tom Snoich Vice President | Officer | 15 | $0 |
Andrei Busuioceanu Treasurer | Officer | 10 | $0 |
Ron Stouffer Secretary | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,600 |
| Total Program Service Revenue | $243,673 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $40,400 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $314,112 |
| 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 | $0 |
| Fees for services: Accounting | $350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $88 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $224 |
| 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 | $18,878 |
| Insurance | $6,096 |
| All other expenses | $248,024 |
| Total functional expenses | $278,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,838 |
| Savings and temporary cash investments | $20,804 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,106 |
| 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 | $140,489 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,406 |
| Total assets | $257,643 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $257,643 |
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Old Dominion Boat Club Alexandria, VA | $11,245,214 | $1,105,837 |
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