Upper Valley Rowing Foundation
- Assets
- $614.8k
- Revenue
- $280.0k
- Investments
- $0.0
- Employees
- 26
- Location
- Hanover, NH
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 02-0508228
Organization Overview
Upper Valley Rowing Foundation is located in Hanover, NH. The organization was established in 1999. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Upper Valley Rowing Foundation employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upper Valley 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 12/2022, Upper Valley Rowing Foundation generated $280.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $164.8k during the year ending 12/2022. 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
THE MISSION OF UPPER VALLEY ROWING FOUNDATION (UVRF) IS TO CREATE A COMMUNITY FOR THE SPORT OF ROWING BY OFFERING A WIDE VARIETY OF OPPORTUNITIES FOR AREA RESIDENTS TO ROW ON THE CONNECTICUT RIVER. BY MAKING AVAILABLE PUBLIC, ROWING-APPROPRIATE ACCESS TO THE CONNECTICUT RIVER, INSTRUCTIONAL PROGRAMS, COMPETITIVE OPPORTUNITIES, AND EDUCATION FORUMS ABOUT THE SPORT, UVRF WILL SERVE AS AN ORGANIZATION THAT PROVIDES DIVERSE BENEFITS TO THE REGION AS A WHOLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UVRF OFFERS SPRING AND FALL RACING PROGRAMS TO AREA STUDENTS IN GRADES 7-12 REGARDLESS OF ABILITY TO PAY. 40 STUDENT ATHLETES PARTICIPATED IN OUR LEBANON SPRING PROGRAM, FOR STUDENTS WHO ATTEND SCHOOLS WITHOUT A ROWING PROGRAM. THIS PROGRAM RAN FROM MID-MARCH TO JUNE. 45 HIGH SCHOOL STUDENT ATHELETES PARTICIPATED IN OUR 6-WEEK FALL CREW RACING PROGRAM, TRAINING THREE TIMES A WEEK AND ROWING IN REGIONAL RACES. ANY UPPER VALLEY HIGH SCHOOL ROWER IS WELCOME TO JOIN, WITH GENEROUS FINANCIAL ASSISTANCE AVAILABLE.
UVRF OFFERS A COMPETITIVE MASTERS PROGRAM FOR ADULT ROWERS. THE SPRING PROGRAM ATTRACTED APPROXIMATELY 30 ROWERS; THE SUMMER PROGRAM HAD 29 PARTICIPANTS; AND 28 ROWERS JOINED THE FALL PROGRAM. DURING THE PANDEMIC, THE ORGANIZATION OFFERED VIRTUAL ERG WORKOUT PROGRAMS. THIS HAS CONTINUED IN 2022 AND THERE WERE AROUND 16 ATTENDEES FOR EACH SESSION OFFERED JANUARY TO APRIL AND 17 ATTENDEES IN THE WINTER SESSION.
IN ADDITION TO THESE COMPETETIVE PROGRAMS, THE UPPER VALLEY ROWING FOUNDATION OFFERS A VARIETY OF INSTRUCTIONAL PROGRAMS TO ROWERS OF ALL LEVELS. NOVICE SWEEPS PROGRAM HAD 19 PARTICIPANTS AND 16 IN THE BEGINNER/INTERMEDIATE SCULLING SESSION; AND THERE WERE 35 PARTICIPANTS IN SUMMER RECREATIONAL CLINICS. IN 2020, THE CREW PROGRAM WAS STARTED FOR CANCER PATIENTS AND SURVIVORS WHICH OFFERS INDOOR AND ON THE WATER PROGRAMS. THIS IS A FREE PROGRAM WHICH HAD 31 MEMBERS THIS YEAR. UVRF OFFERS A MEMBER RENTAL PROGRAM AND STORAGE OF EQUIPMENT FOR AN EXTRA FEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Beattie Director | Trustee | 5 | $0 |
Susan Brighton Director | Trustee | 2.5 | $0 |
Doug Calvey Director | Trustee | $0 | |
Mickey Elsberg Director | Trustee | 2 | $0 |
Marcie Jacobs Director | Trustee | 3 | $0 |
Nancy Larocque Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,010 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $135,473 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,483 |
| Total Program Service Revenue | $113,991 |
| Investment income | $192 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,297 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $279,963 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,013 |
| 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 | $45,948 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,774 |
| Advertising and promotion | $0 |
| Office expenses | $5,542 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,794 |
| Travel | $0 |
| 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 | $32,102 |
| Insurance | $11,164 |
| All other expenses | $0 |
| Total functional expenses | $164,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,488 |
| Savings and temporary cash investments | $274,875 |
| 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 | $280,438 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $614,801 |
| 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 | $171 |
| Total liabilities | $171 |
| Net assets without donor restrictions | $422,632 |
| Net assets with donor restrictions | $191,998 |
| 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 | $614,801 |