Crw Events
- Assets
- $165.6k
- Revenue
- $364.9k
- Investments
- $0.0
- Employees
- 1
- Location
- North Charleston, SC
- Founding
- Data as of
- 09/2023
- EIN
- 92-1829058
Organization Overview
Crw Events is located in North Charleston, SC. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Crw Events is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CRW EVENTS, A CHARITABLE NONPROFIT ORGANIZATION, OPERATES WITH THE GOAL OF PROMOTING AMATEUR ATHLETIC SAILING FOR THE PUBLIC BENEFIT. OUR MISSION IS TO BUILD STRONG CONNECTIONS WITH THE UP-AND-COMING COLLEGE COMMUNITY OF YOUNG SAILORS AND BEGINNERS OF ALL AGES. OVER THE YEARS, WE HAVE NURTURED RELATIONSHIPS WITH SAILORS WHO SHARE OUR PASSION FOR BOATING, PARTICULARLY SAILING. OUR ANNUAL EVENT, A THRILLING 4-DAY SAILING RACE, AIMS TO BRING TOGETHER SAILORS FROM AROUND THE WORLD. HOWEVER, WE RECOGNIZE THAT ACHIEVING THIS WOULDN'T BE POSSIBLE WITHOUT THE INVALUABLE CONTRIBUTIONS OF OUR DEDICATED VOLUNTEERS, GENEROUS SPONSORS, AND THE GRANTS WE RECEIVE. OUR INTEGRITY, CREATIVITY, AND CORE VALUES ARE DEEPLY ROOTED IN THE SAILING COMMUNITY. OUR LONG-TERM VISION INCLUDES BOLSTERING THE INFRASTRUCTURE OF A COMMUNITY SAILING CENTER-A HUB FOR FOSTERING PARTICIPATION AND EDUCATION IN SAILING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HAVE BROKEN AWAY FROM THE PARENT COMPANY OF A BOAT RACING COMPETITION THAT HAS BEEN SUCCESSFUL FOR 27 YEARS. WE ARE ONE OF THE LARGEST SAIL BOAT RACES IN THE UNITED STATES.THE TOWN WHERE THE EVENT TAKES PLACE IS VERY INVOLVED, INCLUDING THE MAYOR. THE GRANT IS RECEIVED BY THE TOWN BECAUSE THE AMOUNT OF MONEY THE EVENT BRINGS IN TO THE RESTURANT AND HOSPITALITY INDUSTRY. THEY ARE THE MAIN GRANTS WE RECEIVE TO HOST THE EVENT.WE HAVE HELPED SAILORS AT THE LOCAL COLLEGE OF CHARLESTON BY DONATING PASSES TO THE EVENT AS WELL AS OTHER SAILORS, AND WAIVING ENTERY FEES FOR INDIVIDUALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Webster President | Officer | 2 | $0 |
Randall Draftz Event Director | Officer | 25 | $60,000 |
Willy Schwienfer Secretary | Officer | 2 | $0 |
Katarina Fjording Treasurer | Officer | 2 | $0 |
Greg Fisher Board Member | Officer | 2 | $0 |
Eddie Evans Board Member | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,668 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,668 |
| Total Program Service Revenue | $285,263 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $364,931 |
| 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. | $56,426 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $9,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,454 |
| Office expenses | $622 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,677 |
| 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 | $0 |
| Insurance | $3,809 |
| All other expenses | $9,703 |
| Total functional expenses | $266,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,637 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $165,637 |
| 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 | $67,500 |
| Total liabilities | $67,500 |
| Net assets without donor restrictions | $0 |
| 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 | $98,137 |
| Total liabilities and net assets/fund balances | $165,637 |