Indianapolis Rowing Center Inc
- Assets
- $409.8k
- Revenue
- $246.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Indianapolis, IN
- Founding
- 06/1989
- Data as of
- 12/2020
- EIN
- 35-1760690
Organization Overview
Indianapolis Rowing Center Inc is located in Indianapolis, IN. The organization was established in 1989. According to its NTEE Classification (N68) the organization is classified as: Winter 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. Indianapolis Rowing Center 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 12/2020, Indianapolis Rowing Center Inc generated $246.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $174.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIANAPOLIS ROWING CENTER HOSTS EVENTS TO GENERATE REVENUE. THE ORGANIZATION HOSTS EVENTS THAT ARE OPEN TO HIGH SCHOOLS, MASTERS ORGANIZATIONS, AND COLLEGIATE ORGANIZATIONS, SOME ARE NATIONAL OR REGIONAL CHAMPIONSHIPS.
INDIANAPOLIS ROWING CENTER OFFERS ANNUAL MEMBERSHIPS TO YOUTH AND ADULTS OF ALL SOCIAL AND ECONOMIC BACKGROUNDS. THE ORGANIZATION OFFERS SCHOLARSHIPS TO THOSE THAT HAVE DEMONSTRATED FINANCIAL NEED. MEMBERS HAVE ACCESSIBILITY TO EQUIPMENT AND THE BOATHOUSE. THE ORGANIZATION OFFERS CLASSES AND CLINICS TO THE PUBLIC, AS WELL AS COACH COMPETITIVE ROWING PROGRAMS FOR JUNIORS AND MASTERS.IRC OFFERS A VARIETY OF OUTREACH PROGRAMS UNDER THE TITLE "ROWINDY." PROGRAMS INCLUDE SUMMER YOUTH PROGRAMS, ADAPTIVE ROWING CLINICS, AND A COACHED ROWING PROGRAM PARTNERING WITH VARIOUS PHILANTHROPIC ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Purdie Executive Director | Officer | 40 | $26,923 |
Tracy Barta Secretary | OfficerTrustee | 3 | $0 |
Janet Klochko Vice President | OfficerTrustee | 3 | $0 |
Doug Stemmler President | OfficerTrustee | 3 | $0 |
John Murphy Treasurer | OfficerTrustee | 3 | $0 |
Willie Black Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,221 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,221 |
| Total Program Service Revenue | $210,326 |
| Investment income | $0 |
| 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 | -$8,271 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,276 |
| 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. | $26,924 |
| Compensation of current officers, directors, key employees. | $13,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,684 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $70 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,562 |
| Insurance | $16,154 |
| All other expenses | $2,297 |
| Total functional expenses | $174,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,672 |
| Savings and temporary cash investments | $160,359 |
| 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 | $242,516 |
| Investments—publicly traded securities | $2,276 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $409,823 |
| Accounts payable and accrued expenses | $11,494 |
| 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 | $11,494 |
| Net assets without donor restrictions | $361,540 |
| Net assets with donor restrictions | $36,789 |
| 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 | $409,823 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Indianapolis Rowing Center Inc has recieved totaling $147.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $147 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amateur Hockey Assoc Illinois Inc Elk Grove Village, IL | $1,304,353 | $3,600,631 |
Chesterfield Hockey Association Chesterfield, MO | $17,706,117 | $4,533,381 |
Sabre Hockey Association Naperville, IL | $660,750 | $2,725,908 |
Chicago Mission Aaa Hockey Club Chicago, IL | $91,949 | $3,146,762 |
Team Illinois Hockey Club Barrington, IL | $1,289,943 | $2,565,201 |
Chicago Young Americans Amateur Hockey Association Frankfort, IL | $180,153 | $2,181,260 |
American Birkebeiner Ski Foundation Inc Hayward, WI | $7,179,042 | $2,764,424 |
Hawks Hockey Club Nfp Darien, IL | $1,224,811 | $2,991,552 |
Falcons Hockey Association Highland Park, IL | $144,665 | $2,611,835 |
West Dundee Hockey Club West Dundee, IL | $240,821 | $2,041,949 |
Fire Wagon Hockey Inc Crystal Lake, IL | $7,023,638 | $1,827,523 |
Milwaukee Jr Admirals Inc Milwaukee, WI | $378,879 | $1,815,838 |