Nwlrc Legends Rowing Club
- Assets
- $78.6k
- Revenue
- $57.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Stevens, WA
- Founding
- 01/1997
- Data as of
- 12/2021
- EIN
- 90-0328860
Organization Overview
Nwlrc Legends Rowing Club is located in Lake Stevens, WA. The organization was established in 1997. 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. Nwlrc Legends 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, Nwlrc Legends Rowing Club generated $57.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $45.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Artim President | 25 | $0 | |
Robert Cummins Vice President | 10 | $0 | |
James Aylesworth Vice President | 10 | $0 | |
Margaret Hess Corresponding Secretary | 10 | $0 | |
Judy Wright Recording Secretary | 10 | $0 | |
Sasha Kumagai Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,713 |
| Interest on Savings | $10 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $1,910 |
| Other Income | $35,896 |
| Total Revenue | $57,529 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $7,437 |
| Pension plans, employee benefits | $886 |
| Interest | $0 |
| Taxes | $481 |
| Depreciation | $10,452 |
| Occupancy | $5,818 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $58 |
| Other expenses | $17,746 |
| Total operating and administrative expenses | $44,983 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $44,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,077 |
| Savings and temporary cash investments | $10,594 |
| Net Accounts receivable | $680 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $47,256 |
| Other assets | $0 |
| Total assets | $78,607 |
| Accounts payable and accrued expenses | $2,421 |
| Grants payable | $0 |
| Deferred revenue | $7,507 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $12,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $21,928 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wave Aquatics Kirkland, WA | $630,453 | $2,501,805 |
George Y Pocock Rowing Foundation Seattle, WA | $3,882,620 | $2,812,752 |
Seattle Metropolitan Aquatic Club Smac Seattle, WA | $884,255 | $1,782,098 |
United Catcher Boats Seattle, WA | $475,180 | $1,731,610 |
View Ridge Swim And Tennis Club Inc Seattle, WA | $3,724,944 | $1,441,409 |
Sammamish Rowing Association Redmond, WA | $4,776,054 | $1,351,994 |
Issaquah Swim Team Association Issaquah, WA | $1,210,423 | $1,327,015 |
Lake Oswego Swim Club Lake Oswego, OR | $414,917 | $727,237 |
Arbor Heights Swim Club Inc Seattle, WA | $1,525,580 | $677,128 |
Whitewater Aquatics Management Seattle, WA | $197,555 | $544,677 |
Innis Arden Swim Club Shoreline, WA | $1,906,549 | $769,141 |
Usa Swimming Inc Auburn, WA | $927,564 | $338,583 |