Megunticook Rowing
- Assets
- $124.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Camden, ME
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 26-3944267
Organization Overview
Megunticook Rowing is located in Camden, ME. The organization was established in 2011. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Megunticook Rowing 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, Megunticook Rowing generated $156.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $98.9k during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
MEGUNTICOOK ROWING PROVIDES INSTRUCTION IN ROWING TO ALL AGES IN BOTH GROUP AND PRIVATE SETTINGS. THE ORGANIZATION PROVIDES ADDITIONAL OPPORTUNITIES FOR ROWING THROUGH HOSTING AND ATTENDING REGATTA EVENTS, AND LEASING EQUIPMENT TO ROWERS WHO HAVE DEMONSTRATED COMPETENCE. DURING 2019 THERE WERE 86 PARTICIPANTS IN THE VARIOUS CLASSES OFFERED, AS WELL AS SEVERAL PARTICIPANTS IN THE EQUIPMENT RENTAL AND STORAGE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Webb Vice Preside | 5 | $0 | |
Jo-Ann Cook President | 20 | $0 | |
John Romain Secretary | 5 | $0 | |
Robert Short Director | 2 | $0 | |
Chris Facq Treasurer | 5 | $0 | |
Pamela Delehey Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,439 |
| Total Program Service Revenue | $60,395 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $2,876 |
| Net Income from Gaming & Fundraising | $7,598 |
| Other Revenue | $0 |
| Total Revenue | $156,308 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $49,166 |
| Professional fees and other payments to independent contractors | $3,807 |
| Occupancy, rent, utilities, and maintenance | $5,417 |
| Printing, publications, postage, and shipping | $867 |
| Other expenses | $39,634 |
| Total expenses | $98,891 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $92,555 |
| Other assets | $0 |
| Total assets | $124,781 |
| Total liabilities | $0 |
| Net assets or fund balances | $124,781 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Megunticook Rowing has recieved totaling $35,049.
| Awarding Organization | Amount |
|---|---|
Cascade Foundation Rockport, ME PURPOSE: RECREATION | $25,000 |
Middlecott Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $49 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kennebunk Beach Improvement Association Kennebunk, ME | $1,718,660 | $896,686 |
Lake Sunapee Yacht Club Sunapee, NH | $1,150,191 | $509,585 |
Northeast Harbor Fleet Northeast Harbor, ME | $995,946 | $399,306 |
Valpo Surf Project Inc Thomaston, ME | $74,661 | $143,016 |
Swimmers Inc Manchester, NH | $341,677 | $178,605 |
Kollegewidgwok Sailing And Education Association Blue Hill, ME | $533,566 | $175,929 |
Usa Swimming Inc Bar Harbor, ME | $131,655 | $0 |
Camden Area Youth Seamanship Program Camden, ME | $92,282 | $0 |
Friends Of Concord Crew Concord, NH | $196,345 | $0 |
Bedford Crew Club Bedford, NH | $157,549 | $0 |
Friends Of Hanover Crew A New Hampshir Corporation Hanover, NH | $1,804,605 | $138,762 |
Rockport Boat Club Rockport, ME | $186,053 | $0 |