Liberty Rowing Inc
- Assets
- $187.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 16
- Location
- Cambridge, MA
- Founding
- 05/2004
- Data as of
- 12/2021
- EIN
- 35-2180580
Organization Overview
Liberty Rowing Inc is located in Cambridge, MA. The organization was established in 2004. 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. As of 12/2021, Liberty Rowing Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Rowing 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, Liberty Rowing Inc generated $193.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $195.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE CLUB PROVIDED THE GENERAL PUBLIC THE OPPORTUNITY TO LEARN ROWING AND PROVIDED FREE USE ROWING CLASSES FOR HIGH SCHOOL STUDENTS FROM THE MA COMMUNITIES OF SOMMERVILLE, MALDEN, EVERETT, AND MEDFORD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Whelan Director | 10 | $17,364 | |
Allan Gehant Treasurer | 10 | $0 | |
Jeanne Miller Clerk | 5 | $0 | |
Susan Baccari Director | 5 | $0 | |
Gretchen Wehrle-Scott Director | 5 | $0 | |
Kristen Daunheimer-Buckley Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,775 |
| Total Program Service Revenue | $28,832 |
| Membership dues | $84,498 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $193,105 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $85,470 |
| Professional fees and other payments to independent contractors | $7,250 |
| Occupancy, rent, utilities, and maintenance | $6,000 |
| Printing, publications, postage, and shipping | $1,449 |
| Other expenses | $95,108 |
| Total expenses | $195,277 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,786 |
| Other assets | $0 |
| Total assets | $187,074 |
| Total liabilities | $15,000 |
| Net assets or fund balances | $172,074 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Liberty Rowing Inc has recieved totaling $108.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $108 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Junior Tennis League Inc Long Island City, NY | $15,745,055 | $13,403,069 |
United States Sailing Association Inc Bristol, RI | $8,027,126 | $11,092,289 |
Row New York Inc New York, NY | $11,063,352 | $5,131,305 |
New England Sailing Foundation Inc Marblehead, MA | $32,351 | $1,795,441 |
New England Science & Sailing Foundation Inc Stonington, CT | $5,613,617 | $3,618,390 |
Long Island Swimming Garden City, NY | $5,786,299 | $2,981,330 |
Sail Newport Inc Newport, RI | $8,050,460 | $2,453,105 |
Stony Brook Yacht Club Inc Stony Brook, NY | $1,925,542 | $2,144,649 |
Community Boating Inc Boston, MA | $5,688,954 | $2,833,055 |
Hudson River Community Sailing Inc New York, NY | $1,975,748 | $1,753,516 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
Saugatuck Harbor Yacht Club Inc Westport, CT | $2,019,925 | $1,016,320 |