Syracuse Chargers Rowing Club Inc
- Assets
- $959.1k
- Revenue
- $194.5k
- Investments
- $0.0
- Employees
- 26
- Location
- Syracuse, NY
- Founding
- 08/2002
- Data as of
- 12/2022
- EIN
- 16-1613861
Organization Overview
Syracuse Chargers Rowing Club Inc is located in Syracuse, NY. The organization was established in 2002. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Syracuse Chargers Rowing Club Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Syracuse Chargers 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, Syracuse Chargers Rowing Club Inc generated $194.5k 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 (7.6%) each year. All expenses for the organization totaled $235.7k 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
TO PROMOTE A VIBRANT ROWING COMMUNITY,ENCOURAGE RESPECT FOR NATURAL RESOURCES,FOSTER DEVELOPMENT OF YOUTH,PROMOTE HEALTHY PHYSICAL ACTIVITIES THROUGH TEACHING AND PROMOTION OF AMATEUR ROWING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACH THE BASICS OF RACING AND BOAT HANDLING, INCLUDING INDOOR TRAINING, SUPPORT OF HIGH SCHOOL AND COLLEGE ROWING, RECREATIONAL ROWING, AND PROMOTION OF AMATEUR COMPETITION IN LOCAL, NATIONAL, AND INTERNATIONAL COMPETITIONS. APPROXIMATELY 500 PERSONS BENEFITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Daughton Director | Trustee | 5 | $1,247 |
Emily Baxter Secretary | Officer | 5 | $0 |
Heather Conto Treasurer | Officer | 20 | $4,420 |
Larry Galagher Director | Trustee | 3 | $0 |
Nate Graff President | OfficerTrustee | 5 | $0 |
Jeremy Cartier Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Irish Millar Construction Building Construction | 12/30/17 | $143,618 |
Wca Roofing & Sheet Metal Building Construction | 12/30/17 | $108,437 |
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 | $600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $600 |
| Total Program Service Revenue | $182,410 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,514 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $942 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $194,485 |
| 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. | $22,979 |
| Compensation of current officers, directors, key employees. | $5,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,056 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,987 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18 |
| Office expenses | $10,479 |
| Information technology | $57 |
| Royalties | $0 |
| Occupancy | $8,487 |
| Travel | $3,893 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $199 |
| Interest | $8,430 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,220 |
| Insurance | $32,334 |
| All other expenses | $1,475 |
| Total functional expenses | $235,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,485 |
| Savings and temporary cash investments | $1,169 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,015 |
| 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 | $4,269 |
| Net Land, buildings, and equipment | $933,142 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $959,080 |
| Accounts payable and accrued expenses | $4,246 |
| Grants payable | $0 |
| Deferred revenue | $56,711 |
| 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 | $209,585 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $270,542 |
| Net assets without donor restrictions | $688,538 |
| 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 | $959,080 |