Austin Rowing Club
- Assets
- $793.1k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 72
- Location
- Austin, TX
- Founding
- 05/1984
- Data as of
- 12/2021
- EIN
- 74-2219650
Organization Overview
Austin Rowing Club is located in Austin, TX. The organization was established in 1984. 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 12/2021, Austin Rowing Club employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austin 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 12/2021, Austin Rowing Club generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 5.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AUSTIN ROWING CLUB IS DEDICATED TO ADVANCING THE SPORT OF ROWING THROUGH QUALITY PROGRAMMING AND REGATTAS IN AUSTIN, TEXAS.
Describe the Organization's Program Activity:
ADULT ROWING PROGRAMMING - AUSTIN ROWING CLUB MANAGES FACILITIES AND PROVIDES EQUIPMENT AND INSTRUCTION TO PROMOTE RECREATIONAL AND COMPETITIVE ROWING IN CENTRAL TEXAS. WE OFFER INTRODUCTORY ROWING CLASSES, FREE LEARN-TO-ROW DAYS, AND TEAM BUILDING OUTINGS TO INTRODUCE THE SPORT OF ROWING TO NEW PARTICIPANTS. WE ALSO OFFER SWEEP AND SCULLING PROGRAMMING FOR MASTERS ROWERS AND SUMMER STUDENT MEMBERSHIPS FOR COLLEGIATE ROWERS, AND OUR ROW-FREE PROGRAMS ARE AVAILABLE TO THOSE IN NEED OF FINANCIAL ASSISTANCE. WE CURRENTLY SERVE APPROXIMATELY 430 ORGANIZATION MEMBERS (NOT INCLUSIVE OF JUNIOR USERS BELOW) AND 300 VISITORS.
JUNIOR ROWING PROGRAMMING - AUSTIN ROWING CLUB JUNIORS PROGRAM IS DEDICATED TO TEACHING THE SPORT OF ROWING TO 6TH-12TH GRADE STUDENTS AND IS OPEN TO ALL STUDENTS IN AUSTIN AND THE SURROUNDING AREAS. SCHOLARSHIPS ARE AVAILABLE TO THOSE DEMONSTRATING FINANCIAL NEED. WE CURRENTLY SERVE AROUND 140 STUDENTS IN THE SPRING AND FALL SEMESTERS AS WELL AS PROVIDING OVER 40,000 OF OUTREACH TO CITY YOUTH. THE JUNIORS PROGRAM STRESSES HEALTHY LIVING THROUGH PHYSICAL FITNESS, NUTRITION AND GOOD HABITS. IT ALSO TEACHES LIFE LESSONS IN SELF- DISCIPLINE, MOTIVATION, CONFIDENCE, PERSEVERANCE, GOAL SETTING, TIME MANAGEMENT AND THE REWARDS OF HARD WORK. THE ARC JUNIOR COMPETITIVE PROGRAM COMPETES AT THE REGIONAL, STATE AND NATIONAL LEVELS, AND MANY PARTICIPANTS ARE RECRUITED TO COLLEGIATE PROGRAMS.
REGATTAS - IN MOST YEARS AUSTIN ROWING CLUB HOSTS THREE MAJOR REGATTAS ANNUALLY - THE HEART OF TEXAS, TEXAS ROWING CHAMPIONSHIPS, AND THE HEAD OF THE COLORADO. WE PROVIDE A COMPETITIVE ENVIRONMENT FOR PARTICIPANTS TO DEMONSTRATE THEIR SKILL WHILE ALLOWING SPECTATORS TO LEARN MORE ABOUT THE SPORT OF ROWING. THESE EVENTS DRAW PARTICIPANTS TO AUSTIN THREE WEEKENDS OF THE YEAR FROM ALL OVER THE UNITED STATES. GENERALLY THERE WERE APPROXIMATELY 2,500 ROWERS ENTERED IN THESE REGATTAS. DUE TO THE PANDEMIC, AUSTIN ROWING CLUB CANCELLED THE HEART OF TEXAS REGATTA DURING 2021 BUT DID HOLD THE HEAD OF THE COLORADO (HOC). THE OTHERS WERE CLOSED BY THE CITY OF AUSTIN AND USROWING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Reinis Executive Director | Officer | 40 | $99,999 |
Liz Hundley President | OfficerTrustee | 10 | $0 |
Tatjana Lichtenstein Vice President | OfficerTrustee | 5 | $0 |
Sabelyn Arden Secretary | OfficerTrustee | 4 | $0 |
Jenn Lord Treasurer | OfficerTrustee | 10 | $0 |
Mark Eaton Facilities Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $138,653 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,920 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,573 |
| Total Program Service Revenue | $1,186,768 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $54,611 |
| 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 | $30,150 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,451,124 |
| 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. | $105,999 |
| Compensation of current officers, directors, key employees. | $16,998 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $567,047 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,964 |
| Payroll taxes | $54,942 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $448 |
| Fees for services: Accounting | $47,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,319 |
| Advertising and promotion | $21,706 |
| Office expenses | $78,720 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,588 |
| Travel | $30,258 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,138 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,537 |
| Insurance | $25,829 |
| All other expenses | $40,385 |
| Total functional expenses | $1,179,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,708 |
| Savings and temporary cash investments | $234,160 |
| 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 | $6,268 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $362,796 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,167 |
| Total assets | $793,099 |
| Accounts payable and accrued expenses | $13,106 |
| Grants payable | $0 |
| Deferred revenue | $9,125 |
| 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 | $72,005 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $94,236 |
| Net assets without donor restrictions | $698,863 |
| 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 | $793,099 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Austin Rowing Club has recieved totaling $15,406.
| Awarding Organization | Amount |
|---|---|
Austin Community Foundation Austin, TX PURPOSE: DONATION | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $406 |
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 |