Oak Ridge Rowing Assocation Inc
- Assets
- $218.2k
- Revenue
- $558.5k
- Investments
- $0.0
- Employees
- 14
- Location
- Oak Ridge, TN
- Founding
- 02/1983
- Data as of
- 07/2022
- EIN
- 62-1122376
Organization Overview
Oak Ridge Rowing Assocation Inc is located in Oak Ridge, TN. The organization was established in 1983. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 07/2022, Oak Ridge Rowing Assocation Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Ridge Rowing Assocation 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 07/2022, Oak Ridge Rowing Assocation Inc generated $558.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $581.9k during the year ending 07/2022. While expenses have increased by 7.2% 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
TO PROMOTE THE COMPETITIVE SPORT OF ROWING IN OAK RIDGE AND EAST TENNESSEE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED REGATTA FACILITIES AND COORDINATED REGATTAS, AS WELL AS PROVIDED AN INTRODUCTION TO THE SPORT AND TRAINING TO MEMBERS OF THE COMMUNITY.
ATOMIC ROWING PROGRAMS SERVE A WIDE RANGE OF AGE GROUPS, INCLUDING BOTH YOUTH AND ADULT ROWERS, AND ARE DESIGNED TO HELP INCREASE ROWING FUNDAMENDALS, DEVELOP PHYSICAL FITNESS, AND INCREASE ROWING PERFORMANCE.
HOST SPRING TRAINING PROGRAMS AND CAMPS FOR VISITING CREWS FROM AROUND THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maxi Frank President | Officer | 8 | $0 |
Rhoda Bostick Secretary | Officer | 2 | $0 |
Carmen Foster Vice President | Officer | 8 | $0 |
Ed Schmitt Treasurer | Officer | 8 | $0 |
Angela Nelson Board Member | Trustee | 2 | $0 |
Wendy Melton Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,158 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,165 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,323 |
| Total Program Service Revenue | $471,332 |
| Investment income | $3,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,307 |
| Net Gain/Loss on Asset Sales | $100 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $558,484 |
| 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 | $196,276 |
| 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 | $6,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $901 |
| Office expenses | $6,113 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,116 |
| Travel | $2,363 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,643 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,325 |
| Insurance | $18,484 |
| All other expenses | $11,895 |
| Total functional expenses | $581,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,946 |
| 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 | $442 |
| Net Land, buildings, and equipment | $49,793 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $218,181 |
| Accounts payable and accrued expenses | $18,991 |
| 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 | $12,646 |
| Total liabilities | $31,637 |
| Net assets without donor restrictions | $186,544 |
| 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 | $218,181 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oak Ridge Rowing Assocation Inc has recieved totaling $141.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $141 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charlotte Sports Foundation Charlotte, NC | $17,242,160 | $23,218,983 |
Atlantic 10 Conference Newport News, VA | $60,983,729 | $20,508,241 |
Lift For Life Academy Inc St Louis, MO | $16,336,630 | $14,911,822 |
Ohio Valley Conference Brentwood, TN | $13,074,927 | $12,736,519 |
United States Sports Academy Inc Daphne, AL | $22,110,276 | $4,746,949 |
Affton Athletic Association Inc Saint Louis, MO | $7,383,219 | $3,754,085 |
Central Intercollegiate Athletic Assn Charlotte, NC | $1,647,093 | $3,002,061 |
St Louis Gymnastic Centre St Louis, MO | $2,087,468 | $2,283,329 |
Greater Kansas City Sports Commission Kansas City, MO | $1,023,252 | $1,539,143 |
Nextmax Inc Benton, KY | $15,645 | $50,694 |
575 Sports & Wellness Inc Canton, GA | $1,007,139 | $1,841,153 |
Clayton Shaw Park Swimming Team Inc St Louis, MO | $1,410,397 | $1,239,565 |