Halifax Rowing Association Inc
- Assets
- $235.2k
- Revenue
- $322.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Daytona Beach, FL
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 59-3255087
Organization Overview
Halifax Rowing Association Inc is located in Daytona Beach, FL. The organization was established in 1995. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Halifax Rowing Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Halifax Rowing Association Inc 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, Halifax Rowing Association Inc generated $322.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $185.2k during the year ending 12/2021. While expenses have increased by 10.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HALIFAX ROWING ASSOCIATION'S MISSION IS TO DEVELOP AND PROMOTE RECREATIONAL AND COMPETITIVE ROWING PROGRAMS TO THE GENERAL PUBLIC. THE ASSOCIATION FACILITATES THESE PROGRAMS BY PROVIDING A BOATHOUSE AND OTHER PROPERTY FOR SECURE BOAT STORAGE, RELATED TRAINING, AND INSTRUCTIONAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVE MEMBERSHIP COST TO ATTEND SCHEDULED ROWING INSTRUCTION, PHYSICAL TRAINING AND PARTICIPATION IN ROWING REGATTAS. ROWING ERGO-METERS AND WEIGHT EQUIPMENT IS AVAILABLE FOR MEMBERS USE.
ANNUAL HRA SUMMER REGATTA - HOST REGATTA WITH PARTICIPATION OF OTHER CLUBS, RACING FOR BEST TIMES WITH TROPHIES AWARDED UPON COMPLETION OF ALL RACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Waltz Treasurer | Officer | 0 | $0 |
Buckley James President | Officer | 0 | $0 |
Gregory Snell Vice President | Officer | 0 | $0 |
Kathryn Heller Secretary | Officer | 0 | $0 |
Christine Power Captain | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,325 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,791 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,116 |
| Total Program Service Revenue | $190,753 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,100 |
| Net Income from Fundraising Events | $2,042 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $322,786 |
| 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 | $56,799 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $474 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,236 |
| Travel | $3,056 |
| 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 | $27,694 |
| Insurance | $6,813 |
| All other expenses | $11,352 |
| Total functional expenses | $185,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,251 |
| 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 | $127,963 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $235,214 |
| 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 | $7,221 |
| Total liabilities | $7,221 |
| Net assets without donor restrictions | $227,993 |
| 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 | $235,214 |
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