Newburgh Rowing Club Inc
- Assets
- $236.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newburgh, NY
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 14-1801357
Organization Overview
Newburgh Rowing Club Inc is located in Newburgh, NY. The organization was established in 1998. 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. Newburgh Rowing Club 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 12/2022, Newburgh Rowing Club Inc generated $48.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $63.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO TEACH, EDUCATE, TRAIN AND SUPPORT ROWING ACTIVITIESON THE HUDSON RIVER FOR THE BENEFIT OF THE GENERAL PUBLIC, CHILDREN AND ADULTS. THE CLUB PROVIDES SPECIAL EVENT ROWING ACTIVITIES FOR CHILDREN AND ADULTS AND OVER 60 INDIVIDUALS PARTICIPATED. THE CLUB PROVIDES SUMMER ROWING CAMP FOR ALL TYPES OF CHILDREN AND ADULTS AND OVER 30 CHILDREN/ADULTS PARTICPATED. THE CLUB PROVIDES ROWING AND KAYAKING EVENTS TO EDUCATE AND TRAIN PARTICIPANTS ON HUDSON RIVER HISTORY,WATER SYSTEM AND SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Kennedy President & Director | 45 | $4,980 | |
Leif Stepakoff Chairman | 5 | $0 | |
Deborah Tamas Treasurer | 1 | $0 | |
Chuck Thomas Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,670 |
| Total Program Service Revenue | $27,871 |
| Membership dues | $3,780 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,321 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,980 |
| Professional fees and other payments to independent contractors | $11,157 |
| Occupancy, rent, utilities, and maintenance | $22,341 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,729 |
| Total expenses | $63,207 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,341 |
| Other assets | $0 |
| Total assets | $236,578 |
| Total liabilities | $61 |
| Net assets or fund balances | $236,517 |