Lake Casitas Rowing Association
- Assets
- $260.6k
- Revenue
- $468.7k
- Investments
- $0.0
- Employees
- 17
- Location
- Ventura, CA
- Founding
- 11/2008
- Data as of
- 06/2022
- EIN
- 26-0336670
Organization Overview
Lake Casitas Rowing Association is located in Ventura, CA. The organization was established in 2008. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Lake Casitas Rowing Association employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Casitas Rowing Association 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 06/2022, Lake Casitas Rowing Association generated $468.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $460.0k during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 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
THE ASSOCIATION PROVIDES AN EDUCATIONAL PROGRAM AT LAKE CASITAS, CA, TO PROMOTE ROWING ACTIVITIES WITH ONGOING INSTRUCTION AND TRAINING OF COMMUNITY MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROMOTES ROWING ACTIVITIES THROUGH EDUCATION, INSTRUCTION, AND TRAINING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Strieby President | Trustee | 0.5 | $0 |
Deborah Munday Secretary | Trustee | 0.5 | $0 |
Don Davis Treasurer | Trustee | 0.5 | $0 |
Kristy Cantrell Director | Trustee | 0.5 | $0 |
Gretchen Larson Director | Trustee | 0.5 | $0 |
Courtney Lane Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,098 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,059 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,157 |
| Total Program Service Revenue | $288,981 |
| Investment income | $2,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,370 |
| Net Income from Fundraising Events | $54,459 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $468,721 |
| 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 | $209,949 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $468 |
| Fees for services: Accounting | $2,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,821 |
| Office expenses | $5,939 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,800 |
| Travel | $1,757 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,207 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,316 |
| Insurance | $10,828 |
| All other expenses | $42,876 |
| Total functional expenses | $460,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,737 |
| Savings and temporary cash investments | $2,834 |
| 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 | $100 |
| Net Land, buildings, and equipment | $146,713 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $79,260 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $260,644 |
| 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 | $286 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $30,603 |
| Other liabilities | -$330 |
| Total liabilities | $30,559 |
| Net assets without donor restrictions | $206,182 |
| Net assets with donor restrictions | $23,903 |
| 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 | $260,644 |