Steel City Rowing Corporation
- Assets
- $2.8m
- Revenue
- $170.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Verona, PA
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 23-2887762
Organization Overview
Steel City Rowing Corporation is located in Verona, PA. The organization was established in 1999. According to its NTEE Classification (N71) the organization is classified as: Olympics, under the broad grouping of Recreation & Sports and related organizations. This organization is the central organization for a national or regional group of organizations. Steel City Rowing Corporation 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, Steel City Rowing Corporation generated $170.0k 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 (10.5%) each year. All expenses for the organization totaled $221.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP THE STRENGTH AND CHARACTER OF INDIVIDUALS THROUGH THE DISCIPLINE & TEAMWORK OF ROWING
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEEL CITY ROWING CORPORATION FOSTERS ROWING SKILLS IN YOUTH AND ADULTS THROUGH TRAINING AND AMATEUR COMPETITIONS, AND TEACHES YOUTH ABOUT WATER SAFETY, KAYAK AND CANOE SKILLS, AND LOVE OF THE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Brown President/interim Secretary | OfficerTrustee | 5 | $0 |
Patrick Warden Treasurer | OfficerTrustee | 5 | $0 |
Ward Hopeman Director | Trustee | 5 | $0 |
Latonya Salley-Sharif Director | Trustee | 5 | $0 |
Janice Bryant Director | 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 | $29,824 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,824 |
| Total Program Service Revenue | $110,845 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,215 |
| 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 | $170,031 |
| 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 | $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 | $6,751 |
| Advertising and promotion | $1,346 |
| Office expenses | $4,973 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,821 |
| Travel | $12,090 |
| 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 | $119,351 |
| Insurance | $19,990 |
| All other expenses | $200 |
| Total functional expenses | $221,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,713 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,142 |
| 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 | $2,758,366 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,814,221 |
| Accounts payable and accrued expenses | $13,075 |
| 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 | $73,395 |
| Unsecured mortgages and notes payable | $593 |
| Other liabilities | $0 |
| Total liabilities | $87,063 |
| Net assets without donor restrictions | $2,727,158 |
| 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 | $2,814,221 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Steel City Rowing Corporation has recieved totaling $5,021.
| Awarding Organization | Amount |
|---|---|
Warden Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maccabi Usa Inc Philadelphia, PA | $5,412,449 | $3,598,840 |
North East Keelboat Alliance Inc New York, NY | $546,569 | $1,214,171 |
Slovak Gymnastic Union Sokol Of The Usa National Headquarters Belle Vernon, PA | $169,378 | $413,714 |
Olympic Athletic Club Dubois, PA | $735,695 | $300,082 |
Steel City Rowing Corporation Verona, PA | $2,814,221 | $170,031 |
Columbus Curling Club Inc Columbus, OH | $550,772 | $308,031 |
Warren Olympic Club Inc Warren, OH | $111,221 | $0 |
Njyhl A New Jersey Nonprofit Corporation Morris Plains, NJ | $358,658 | $191,998 |
Nyc Pioneer Club Inc New York, NY | $162,940 | $274,388 |
Slovak Gymnastic Union Sokol Of The Usa Lodge 255 West Leechburg, PA | $424,203 | $0 |
Brooklyn Track Club Association Inc Brooklyn, NY | $70,857 | $0 |
Slovak Gymnastic Union Sokol Of The Usa Palmerton, PA | $12,204 | $0 |