Saratoga Rowing Association Inc is located in Saratoga Springs, NY. The organization was established in 2001. 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 12/2022, Saratoga Rowing Association Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saratoga Rowing Association 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, Saratoga Rowing Association Inc generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 4 years. 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
PROVIDES EDUCATION, TRAINING, INSTRUCTION AND PARTICIPATION IN THE ART OF ROWING TO THE YOUTH AND ADULTS OF SARATOGA SPRINGS AND SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION AND PARTICIPATION IN THE ART OF ROWING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Eric Catalano Co-Exec. Dir | Trustee | 32 | $74,301 |
Dan Hegener President | OfficerTrustee | $0 | |
David Loy Treasurer | OfficerTrustee | $0 | |
Heather Billington Secretary | Trustee | $0 | |
Katherine Smith Co-Exec Dire | OfficerTrustee | 32 | $74,740 |
Theresa Capozzola Director | Trustee | $0 |
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 | $89,382 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $89,382 |
Total Program Service Revenue | $1,355,669 |
Investment income | $75 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $57,121 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,564,520 |
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 | $504,126 |
Pension plan accruals and contributions | $12,734 |
Other employee benefits | $16,903 |
Payroll taxes | $37,890 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,144 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,380 |
Advertising and promotion | $0 |
Office expenses | $3,549 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $77,084 |
Travel | $94,804 |
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 | $174,950 |
Insurance | $42,922 |
All other expenses | $18,520 |
Total functional expenses | $1,428,818 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $351,385 |
Savings and temporary cash investments | $163,482 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $144,099 |
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 | $14,733 |
Net Land, buildings, and equipment | $2,940,577 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $7,501 |
Total assets | $3,621,777 |
Accounts payable and accrued expenses | $140,359 |
Grants payable | $0 |
Deferred revenue | $64,720 |
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 | $7,154 |
Total liabilities | $212,233 |
Net assets without donor restrictions | $3,409,544 |
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 | $0 |
Total liabilities and net assets/fund balances | $3,621,777 |