Portage Lakes Rowing Association
- Assets
- $35.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Akron, OH
- Founding
- 02/2010
- Data as of
- 12/2020
- EIN
- 43-2089770
Organization Overview
Portage Lakes Rowing Association is located in Akron, OH. The organization was established in 2010. 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. Portage Lakes 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 12/2020, Portage Lakes Rowing Association generated $4.1k 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 (26.7%) each year. All expenses for the organization totaled $17.4k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3
TO ENCOURAGE DEVELOP INSTRUCT AND TRAIN MEN AND WOMEN AGE 18 AND OVER IN THE SPORT OF ROWING AND TO ENCOURAGE AND DEVELOP AMATEUR COMPETITION IN ROWING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valarie Norfolk President | 4 | $0 | |
Sid Freeman VP (competit | 2 | $0 | |
Kelly Ward Smith Secretary | 2 | $0 | |
Rose Vecchio Treasurer | 2 | $0 | |
Fran Feesler VP Masters | 2 | $0 | |
Anna Davidson Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,448 |
| Total Program Service Revenue | $2,452 |
| Membership dues | $0 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $155 |
| Total Revenue | $4,064 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,825 |
| Occupancy, rent, utilities, and maintenance | $5,427 |
| Printing, publications, postage, and shipping | $256 |
| Other expenses | $8,495 |
| Total expenses | $17,374 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,816 |
| Other assets | $0 |
| Total assets | $35,436 |
| Total liabilities | $909 |
| Net assets or fund balances | $34,527 |
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