Capital Rowing Club Inc
- Assets
- $551.8k
- Revenue
- $573.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/1992
- Data as of
- 02/2023
- EIN
- 52-1725928
Organization Overview
Capital Rowing Club Inc is located in Washington, DC. The organization was established in 1992. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, 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. Capital 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 02/2023, Capital Rowing Club Inc generated $573.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $477.6k during the year ending 02/2023. While expenses have increased by 4.8% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEVOTED TO BRINGING ROWING OPPORTUNITIES TO THE NATION'S CAPITAL.THE ORGANIZATION STRIVES TO BRING ROWING TO HIGH AND JR. HIGH SCHOOL PROGRAMS IN DC, MD, AND VA. THE ORGANIZATION PROVIDES EQUIPMENT AND TRAINING THAT WOULD NOT BE AFFORDABLE OR AVAILABLE TO STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MASTERS (ADULT) ROWING:CAPITAL PROVIDES SWEEP AND SCULLING ROWING EDUCATION AND TRAINING TO THE PUBLIC THROUGH A VARIETY OF COACH-LED OPPORTUNITIES. WE MAINTAIN A FLEET OF APPROXIMATELY 50 SWEEP AND SCULLING BOATS TO SERVE 350 INDIVIDUALS ANNUALLY. MEMBERS CAN COMPETE IN LOCAL AND NATIONAL REGATTAS THROUGHOUT THE YEAR, WITH AN AVERAGE OF 150 MEMBERS COMPETING OVER THE COURSE OF A YEAR.
GRANTS
YOUTH/JUNIORS ROWING:CAPITAL JUNIORS IS A COMPETITIVE ROWING PROGRAM IN WASHINGTON, D.C., WHICH DEVELOPS MIDDLE AND HIGH SCHOOL STUDENTS' DISCIPLINE, FITNESS, CAMARADERIE, AND COMMUNITY STEWARDSHIP. BY ADVANCING THE SPORT OF ROWING AND PROVIDING COMPREHENSIVE ACADEMIC SUPPORT, CAPITAL JUNIORS ROWING EMPOWERS APPROXIMATELY 150 DC-AREA YOUTH ANNUALLY-ESPECIALLY THOSE FROM WARDS 6, 7, AND 8 TO REACH THEIR FULL POTENTIAL AS ATHLETES AND STUDENTS.
CAPITAL ADAPTIVE ROWING:THROUGH COMMUNITY-BASED ROWING PROGRAMS, CAPITAL ADAPTIVE ROWING PROGRAM (CARP) INTRODUCES THE SPORT OF ROWING, TO INDIVIDUALS WITH DISABILITIES INCLUDING SPINAL CORD INJURIES, AMPUTATIONS, AND VISUAL AND COGNITIVE IMPAIRMENTS. CAPITAL ADAPTIVE WORKS CLOSELY WITH US ROWING FREEDOM ROWS, THE UNITED STATES OLYMPIC COMMITTEE PARALYMPIC SPORT PROGRAM, AND OTHER LOCAL AND NATIONAL ADAPTIVE CLUBS TO PROMOTE ACCESS TO, KNOWLEDGE OF, AND VISIBILITY AND PARTICIPATION IN ADAPTIVE ROWING. PARTICIPANTS INCLUDE CIVILIANS AS WELL AS ACTIVE-DUTY MILITARY AND VETERANS WITH A VARIETY OF ABILITIES. CARP IS PROUD TO TRAIN ATHLETES ON AND OFF THE WATER TO EXPERIENCE THE REHABILITATIVE BENEFITS OF ROWING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Perkins Director | Trustee | 5 | $2,218 |
Brendan Foo Director | Trustee | 5 | $0 |
Andy Waiters Director | Trustee | 5 | $11,701 |
Robert Shapiro Director | Trustee | 5 | $0 |
Robert Kohn Director Of Finance | Trustee | 5 | $0 |
Anne Diggs President | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,600 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,414 |
| Noncash contributions included in lines 1a–1f | $6,336 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,014 |
| Total Program Service Revenue | $448,467 |
| Investment income | $43 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,905 |
| Net Gain/Loss on Asset Sales | $13,238 |
| Net Income from Fundraising Events | $8,459 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,099 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $573,225 |
| 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 | $26,925 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $211,215 |
| Advertising and promotion | $835 |
| Office expenses | $23,024 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $44,303 |
| Insurance | $14,587 |
| All other expenses | $0 |
| Total functional expenses | $477,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,395 |
| Savings and temporary cash investments | $105,619 |
| 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 | $223,813 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,924 |
| Total assets | $551,751 |
| 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 | $551,751 |
| Net assets with donor restrictions | $0 |
| 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 | $551,751 |