Concord Rowing Club
- Assets
- $29.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2007
- Data as of
- 06/2018
- EIN
- 20-4794927
Organization Overview
Concord Rowing Club is located in Wilmington, DE. The organization was established in 2007. 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. Concord 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 06/2018, Concord Rowing Club generated $41.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $40.0k during the year ending 06/2018. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 2 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
2018
Describe the Organization's Program Activity:
Part 3
THE 20 TO 25 MEMBER CONCORD ROWING CLUB TRAINED AND RACED IN THE SPRING AND FALL SEASONS UNDER THE GUIDANCE OF 4 EXPERIENCED COACHES. THE CLUB PARTICIPATED IN 12 REGATTAS AND WERE ABLE TO COMPETE HEAD TO HEAD WITH SOME OF THE STRONGEST SCHOLASTIC TEAMS ON THE EAST COAST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Rawheiser President | 10 | $0 | |
Maureen Fox Treasurer | 5 | $0 | |
Tammy Lawrence-Daley Secretary | 5 | $0 | |
Joe Weeks Vice President | 5 | $0 | |
Mark Peters Vice President | 2 | $0 | |
Brian Reid Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,886 |
| Total Program Service Revenue | $0 |
| Membership dues | $29,026 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,376 |
| Other Revenue | $4,275 |
| Total Revenue | $41,563 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $16,975 |
| Occupancy, rent, utilities, and maintenance | $6,540 |
| Printing, publications, postage, and shipping | $318 |
| Other expenses | $16,210 |
| Total expenses | $40,043 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,007 |
| Other assets | $0 |
| Total assets | $29,907 |
| Total liabilities | $0 |
| Net assets or fund balances | $29,907 |