Duluth Rowing Club Inc
- Assets
- $1.1m
- Revenue
- $60.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 08/1979
- Data as of
- 12/2021
- EIN
- 41-1353107
Organization Overview
Duluth Rowing Club Inc is located in Duluth, MN. The organization was established in 1979. 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. Duluth Rowing Club 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, Duluth Rowing Club Inc generated $60.9k 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 (8.0%) each year. All expenses for the organization totaled $78.7k during the year ending 12/2021. 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
THE ROWING CLUB OPERATES FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES A BOATHOUSE, DOCKAGE, AND VARIOUS ROWING EQUIPMENT FOR THE BENEFIT OF ITS MEMBERS. THE FACILITY IS A CENTRALIZED LOCATION TO PROVIDE ORGANIZED TRAINING AND ALLOW FOR SOCIALIZATION BETWEEN CLUB MEMBERS.
THE CLUB HOSTS AN ANNUAL REGATTA FOR ITS MEMBERS AND OTHER INTERESTED INDIVIDUALS AND CLUBS. THE DRC INTERNATIONAL REGATTA IS AN US ROWING CERTIFIED AND CLASSIC ROWING EVENT WITH 29 2,000-METER EVENTS FOR BOTH MEN AND WOMEN. THE CLUB ALSO HOSTS THE DEATH ROW REGATTA, TAKING PLACE IN THE FALL OF THE YEAR. THE CLUB PARTICIPATES IN OTHER ROWING EVENTS, ALSO. THE DEATH ROW REGATTA EVENT WAS HELD IN 2021, THE INTERNATIONAL REGATTA EVENT WAS CANCELLED DUE TO COVID IN 2021.
A JUNIOR ROWING PROGRAM EXISTS TO TRAIN YOUTH AND NEW MEMBERS TO PROMOTE THE SPORT OF ROWING AND CLUB MEMBERSHIP. THERE ARE ABOUT 100 PARTICIPANTS, AND A TOTAL OF 150 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Fuller-Kask Director | Trustee | 1 | $7,000 |
Eric Dott President | OfficerTrustee | $0 | |
Cathie Ham Secretary | OfficerTrustee | $0 | |
Dave Kask Vice Preside | OfficerTrustee | $0 | |
Anne Whitworth Treasurer | OfficerTrustee | 1 | $0 |
Brian Fischer Director | Trustee | $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 | $21,117 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,117 |
| Total Program Service Revenue | $39,571 |
| Investment income | $9 |
| 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 | $250 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,947 |
| 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 | $220 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,745 |
| Office expenses | $2,527 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,339 |
| Travel | $0 |
| 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 | $41,706 |
| Insurance | $6,267 |
| All other expenses | $686 |
| Total functional expenses | $78,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,393 |
| Savings and temporary cash investments | $35,501 |
| 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 | $960,540 |
| Investments—publicly traded securities | $60 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,028 |
| Other assets | $0 |
| Total assets | $1,058,522 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,038,522 |
| Net assets with donor restrictions | $20,000 |
| 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 | $1,058,522 |
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