California Rowing Club
- Assets
- $2.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Oakland, CA
- Founding
- 09/2006
- Data as of
- 12/2022
- EIN
- 20-1685835
Organization Overview
California Rowing Club is located in Oakland, CA. The organization was established in 2006. According to its NTEE Classification (N71) the organization is classified as: Olympics, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, California Rowing Club employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Rowing Club 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, California Rowing Club generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $970.3k during the year ending 12/2022. While expenses have increased by 2.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO IMPROVE THE U.S. IN WORLD CLASS AND OLYMPIC ROWING COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CALIFORNIA ROWING CLUB HAS HELD ONGOING TRAINING AT THE OAKLAND BOATHOUSE FACILITY IN SUPPORT OF THE ORGANIZATION'S MISSION OF DEVELOPING WORLD-CLASS U.S. ROWERS.- 13 ATHLETES FROM THE CRC TRAINING CENTER COMPETED AT THE NATIONAL SELECTION REGATTA- 13 ATHLETES FROM THE CRC TRAINING CENTER COMPETED AT THE WORLD ROWING CUP II IN VARESE, ITALY- 13 ATHLETES FROM THE CRC TRAINING CENTER COMPETED AT THE WORLD ROWING CHAMPIONSHIPS IN BELGRADE, SERBIA
THE CALIFORNIA ROWING CLUB PROVIDES CASH STIPENDS TO SUPPORT THE ROWING COACHING STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
T Andrew Rogers Board Chairman | OfficerTrustee | 2 | $0 |
Matthew C Semansky Cfo, Secretary, Director | OfficerTrustee | 2 | $0 |
Michael Teti Coach | 40 | $175,000 |
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 | $1,258,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,258,016 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$14,716 |
| 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 | $1,243,304 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $172,333 |
| 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 | $336,871 |
| Pension plan accruals and contributions | $4,672 |
| Other employee benefits | $63,196 |
| Payroll taxes | $24,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,500 |
| Fees for services: Accounting | $27,601 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,143 |
| Advertising and promotion | $79,500 |
| Office expenses | $1,286 |
| Information technology | $1,618 |
| Royalties | $0 |
| Occupancy | $35,302 |
| Travel | $95,741 |
| 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 | $33,427 |
| Insurance | $17,154 |
| All other expenses | $451 |
| Total functional expenses | $970,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $457,454 |
| Savings and temporary cash investments | $17,103 |
| 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 | $26,429 |
| Net Land, buildings, and equipment | $1,902,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,403,883 |
| Accounts payable and accrued expenses | $22,844 |
| 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 | $17,000 |
| Total liabilities | $39,844 |
| Net assets without donor restrictions | $2,364,039 |
| 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 | $2,403,883 |