Great Bay Rowing Inc
- Assets
- $234.0k
- Revenue
- $249.2k
- Investments
- $0.0
- Employees
- 9
- Location
- Durham, NH
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 02-0509611
Organization Overview
Great Bay Rowing Inc is located in Durham, NH. The organization was established in 2002. According to its NTEE Classification (N71) the organization is classified as: Olympics, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Great Bay Rowing Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Bay Rowing Inc 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, Great Bay Rowing Inc generated $249.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $172.9k during the year ending 12/2021. While expenses have increased by 12.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GREAT BAY ROWING INC. IS ORGANIZED TO DEVELOP JUNIOR AND SENIOR ROWING IN THE SEACOAST OF NEW HAMPSHIRE AREA, AND TO FOSTER AND PROMOTE AMATEUR, NATIONAL AND INTERNATIONAL COMPETITIVE OPPORTUNITIES FOR ASSOCIATION MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREAT BAY ROWING CLUB (GBR), FOUNDED IN 1997, IS A NON-PROFIT, COMMUNITY BASED ORGANIZATION DEVELOPED TO FOSTER INTEREST IN THE SPORT OF ROWING IN THE SEACOAST REGION OF NEW HAMPSHIRE AT BOTH THE MASTERS AND JUNIOR LEVEL. WITH OVER 205 MEMBERS,OUR GOAL IS TO PROVIDE OUR MEMBERS WITH THE OPPORTUNITY, FACILITIES, EQUIPMENT AND INSTRUCTION IN SWEEP AND SCULLING TECHNIQUES, TO ROW AT BOTH COMPETITIVE (NOVICE, JV, AND VARSITY) AND RECREATIONAL LEVELS. WE STRIVE TO PROVIDE A REWARDING ROWING EXPERIENCE THAT ENCOURAGES CLUB PRIDE AND INDIVIDUAL ACHIEVEMENT. PARTICIPATION IS OPEN TO ANYONE INTERESTED IN ROWING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennie Marshall President | OfficerTrustee | 5 | $0 |
Ronald B Laurence Jr Vice President | OfficerTrustee | 2 | $0 |
Laura Hafner Secretary | OfficerTrustee | 2 | $0 |
Sean O'connell Treasurer | OfficerTrustee | 2 | $0 |
Renate Raeder Director | Trustee | 2 | $0 |
David Shay Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,600 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,284 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,832 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,716 |
| Total Program Service Revenue | $179,431 |
| Investment income | $35 |
| 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 | $249,197 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,269 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,490 |
| Advertising and promotion | $77 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,926 |
| Travel | $16,251 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,141 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,272 |
| Insurance | $11,414 |
| All other expenses | $2,316 |
| Total functional expenses | $172,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,112 |
| 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 | $107,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $234,004 |
| Accounts payable and accrued expenses | $2,109 |
| 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 | $31,500 |
| Total liabilities | $33,609 |
| 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 | $200,395 |
| Total liabilities and net assets/fund balances | $234,004 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Biathlon Association Inc New Gloucester, ME | $712,712 | $2,991,878 |
Golden Eagles Association Portsmouth, NH | $75,540 | $531,452 |
Great Bay Rowing Inc Durham, NH | $234,004 | $249,197 |
New England Cycling Federation South Portland, ME | $32,571 | $0 |
National Archery Association Of The United States Buzzards Bay, MA | $53,498 | $0 |