Viking Rowing Foundation Inc
- Assets
- $651.7k
- Revenue
- $85.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Northfield, NJ
- Founding
- 11/1984
- Data as of
- 12/2021
- EIN
- 22-2544535
Organization Overview
Viking Rowing Foundation Inc is located in Northfield, NJ. The organization was established in 1984. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, 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. Viking Rowing Foundation 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 12/2021, Viking Rowing Foundation Inc generated $85.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $84.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND TRAIN YOUTHS IN ROWING
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION EDUCATES AND TRAINS HUNDREDS OF YOUTHS IN THE SPORT OF ROWING WHICH FOSTERS LOCAL, NATIONAL AND INTERNATIONAL COMPETITION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray D'amico Treasurer | OfficerTrustee | 5 | $0 |
Larry Connell President | OfficerTrustee | 5 | $0 |
Ward Holland V. President | OfficerTrustee | 5 | $0 |
Scott Jones Secretary | OfficerTrustee | 5 | $0 |
Megan Holland Board Member | Trustee | 5 | $0 |
Jim Ireland Board Member | Trustee | 5 | $0 |
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 | $10,515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,515 |
| Total Program Service Revenue | $73,994 |
| Investment income | $837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $85,346 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,435 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,435 |
| Travel | $0 |
| 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 | $36,668 |
| Insurance | $4,191 |
| All other expenses | $209 |
| Total functional expenses | $84,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,871 |
| 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 | $0 |
| Net Land, buildings, and equipment | $543,964 |
| Investments—publicly traded securities | $69,890 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,000 |
| Total assets | $651,725 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $651,725 |
| 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 | $651,725 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Viking Rowing Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania Interscholastic Athletic Association Inc Mechanicsburg, PA | $8,620,824 | $8,959,016 |
The Patriot League Bethlehem, PA | $9,439,156 | $5,239,747 |
N J State Interscholastic Athletic Association Robbinsville, NJ | $4,281,078 | $5,144,812 |
Oakcliff Sailing Incorporated Oyster Bay, NY | $7,177,824 | $2,437,513 |
Howell Township Police Athletic League Inc Howell, NJ | $384,420 | $2,796,726 |
Gold Medal Karate Inc Philadelphia, PA | $325,219 | $2,265,129 |
South Jersey Barons Youth Club Inc Marlton, NJ | $793,189 | $1,661,298 |
Prince Athletic Association York, PA | $561,511 | $1,218,167 |
New York State Public High School Athletic Association Section Iii East Syracuse, NY | $1,180,840 | $1,444,967 |
Pine-Richland Youth Center Gibsonia, PA | $1,819,568 | $1,015,041 |
The Skating Club Of Wilmington Inc Wilmington, DE | $1,097,562 | $1,328,074 |
The Deep Run Valley Sports Association Inc Hilltown, PA | $517,093 | $840,585 |