George Y Pocock Rowing Foundation
- Assets
- $3.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 71
- Location
- Seattle, WA
- Founding
- 05/1983
- Data as of
- 12/2021
- EIN
- 91-1276445
Organization Overview
George Y Pocock Rowing Foundation is located in Seattle, WA. The organization was established in 1983. 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, George Y Pocock Rowing Foundation employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Y Pocock Rowing Foundation 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, George Y Pocock Rowing Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 7.9% 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.
Since 2015, George Y Pocock Rowing Foundation has awarded 16 individual grants totaling $697,061. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP YOUNG PEOPLE ACCESS AND EXPERIENCE THE LIFE-CHANGING SPORT OF ROWING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POCOCK ROWING CENTER: FOCUSES ON INTRODUCING ROWING TO THE COMMUNITY AND TRAINING ATHLETES OF ALL AGES FOR LOCAL, NATIONAL, AND INTERNATIONAL COMPETITION. SERVES 350.
A MOST BEAUTIFUL THING INCLUSION FUND: A NEW FUND UNDER THE UMBRELLA OF THE GEORGE POCOCK ROWING FOUNDATION TO SUPPORT THE WORK OF ARSHAY COOPER AND EXPAND THE SPORT OF ROWING INTO UNDER-RESOURCED COMMUNITIES. SERVES 2,000.
RENTON ROWING CENTER: FOCUSES ON INTRODUCING ROWING TO THE COMMUNITY AND TRAINING ATHLETES OF ALL AGES FOR LOCAL, NATIONAL, AND INTERNATIONAL COMPETITION. SERVES 150.
SCHOLARSHIPS FOR YOUTH ROWING AT VARIOUS BOATHOUSES, BOATHOUSE LEADERSHIP DISCUSSION GROUP FOR HANDLING THE EFFECTS OF THE PANDEMIC, OUTREACH EFFORTS TO MAKE ROWING MORE INCLUSIVE TO EVERYONE IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Gibbons Executive Director | Officer | 40 | $122,046 |
Eric Phoun Treasurer | OfficerTrustee | 8 | $0 |
Eleanor Logan Secretary | OfficerTrustee | 3 | $0 |
Sam Dommer Vice President | OfficerTrustee | 3 | $0 |
Sara Lopez President | OfficerTrustee | 8 | $0 |
Sohier Hall Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $165,564 |
| Related organizations | $0 |
| Government grants | $433,094 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,081,035 |
| Noncash contributions included in lines 1a–1f | $84,547 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,679,693 |
| Total Program Service Revenue | $1,041,637 |
| Investment income | $16,911 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $61,941 |
| Net Gain/Loss on Asset Sales | $1,467 |
| Net Income from Fundraising Events | -$9,755 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,396 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,812,752 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,000 |
| Grants and other assistance to domestic individuals. | $39,337 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $28,473 |
| Compensation of current officers, directors, key employees. | $468,484 |
| Compensation of current officers, directors, key employees. | $58,102 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $665,014 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,620 |
| Payroll taxes | $116,426 |
| Fees for services: Management | $600 |
| Fees for services: Legal | $1,025 |
| Fees for services: Accounting | $9,828 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,467 |
| Advertising and promotion | $7,029 |
| Office expenses | $70,741 |
| Information technology | $18,170 |
| Royalties | $0 |
| Occupancy | $77,316 |
| Travel | $14,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,275 |
| Interest | $64 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $182,705 |
| Insurance | $40,875 |
| All other expenses | $45,282 |
| Total functional expenses | $2,199,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,571,712 |
| Savings and temporary cash investments | $62,442 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,793 |
| 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 | $29,601 |
| Net Land, buildings, and equipment | $1,568,718 |
| Investments—publicly traded securities | $632,354 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,882,620 |
| Accounts payable and accrued expenses | $4,897 |
| Grants payable | $0 |
| Deferred revenue | $37,284 |
| 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 | $8,486 |
| Total liabilities | $50,667 |
| Net assets without donor restrictions | $3,044,173 |
| Net assets with donor restrictions | $787,780 |
| 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 | $3,882,620 |
Grants Awarded
Over the last fiscal year, George Y Pocock Rowing Foundation has awarded $120,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: AMBTIF FUNDED. FOR INCLUSIVITY IN THE SPORT OF ROWING. | $24,000 |
ST BENEDICT'S PREPARATORY SCHOOL PURPOSE: AMBTIF FUNDED. FOR INCLUSIVITY IN THE SPORT OF ROWING. | $24,000 |
Newburgh, NY PURPOSE: AMBTIF FUNDED. FOR INCLUSIVITY IN THE SPORT OF ROWING. | $24,000 |
Chicago, IL PURPOSE: AMBTIF FUNDED. FOR INCLUSIVITY IN THE SPORT OF ROWING. | $24,000 |
Stockton, CA PURPOSE: AMBTIF FUNDED. FOR INCLUSIVITY IN THE SPORT OF ROWING. | $24,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that George Y Pocock Rowing Foundation has recieved totaling $11,352.
| Awarding Organization | Amount |
|---|---|
Clara Fairbanks Foundation Inc Terre Haute, IN PURPOSE: OPERATIONS | $10,500 |
The Kemper Freeman Foundation Bellevue, WA PURPOSE: GENERAL SUPPORT | $852 |
Endowment Analysis
| Beg. Balance | $1,101,046 |
| Earnings | $63,373 |
| Admin Expense | $313,015 |
| Net Contributions | $693,763 |
| Other Expense | $13,177 |
| Grants | $120,000 |
| Ending Balance | $1,411,990 |
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 |