The Virginia Rowing Association At The University Of Virginia Inc
- Assets
- $3.1m
- Revenue
- $585.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Charlottesville, VA
- Founding
- 03/1997
- Data as of
- 06/2022
- EIN
- 54-1745147
Organization Overview
The Virginia Rowing Association At The University Of Virginia Inc is located in Charlottesville, VA. The organization was established in 1997. As of 06/2022, Virginia Rowing Association At The University Of Virginia Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Rowing Association At The University Of Virginia 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 06/2022, Virginia Rowing Association At The University Of Virginia Inc generated $585.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $504.5k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHED
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR ENDED JUNE 30, 2022, VRA ACCOMPLISHED ITS EXEMPT PURPOSE BY CONTINUING TO PROVIDE A PLACE FOR THE UNIVERSITY OF VIRGINIA MEN'S CREW TO ROW, PROVIDED THE COACHING STAFF TO INSTRUCT AND GUIDE THE CREW TEAM, AND PROVIDED THE NECESSARY BOATS AND EQUIPMENT TO ENABLE THE CREW TO COMPETE AT THE HIGHEST INTERCOLLEGIATE LEVEL WITH OTHER COLLEGES AND UNIVERSITIES THROUGHOUT THE UNITED STATES. DURING THE LAST YEAR, APPROXIMATELY 45 UNDERGRADUATES PARTICIPATED IN THE MEN'S CREW PROGRAM. IN JULY THE COACHING STAFF CONDUCTED A SUMMER CAMP FOR 60 HIGH SCHOOL STUDENTS.
IN ADDITION, VRA PROVIDED SPACE FOR THE VIRGINIA WOMEN'S VARSITY CREW TO STORE THEIR BOATS, FOR INDOOR TRAINING, AND TO LAUNCH THEIR BOATS ON THE RIVANNA RESERVOIR. WITHOUT ACCESS TO THE RESERVOIR, THE UNIVERSITY OF VIRGINIA WOMEN'S CREW PROGRAM WOULD NOT HAVE BEEN ABLE TO COMPETE AS A VARSITY INTERCOLLEGIATE SPORT. THE WOMEN'S TEAM WERE THE 2010 AND 2012 NCAA NATIONAL CHAMPIONS. IN THE PAST YEAR, APPROXIMATELY 60 UNDERGRADUATE WOMEN PARTICIPATED IN THE UNIVERSITY OF VIRGINIA WOMEN'S CREW PROGRAM. THE WOMEN'S CREW PROGRAM PROVIDED SCHOLARSHIPS TO NUMEROUS ATHLETES, AND HAD A COACHING STAFF OF FIVE COACHES. BOTH THE MEN'S AND WOMEN'S PROGRAMS UTILIZED THE LAUNCHES AND THE DOCK FACILITIES PROVIDED BY VRA.
VRA ALSO HELPED TO INTEREST AND TO INSTRUCT COMMUNITY MEMBERS IN THE SPORT OF ROWING AND RECEIVED FINANCIAL SUPPORT FOR THE MEN'S AND WOMEN'S ROWING PROGRAMS BY RENTING SPACE IN THE BOATHOUSE TO A LOCAL PUBLIC HIGH SCHOOL, AND TO THE LOCAL COMMUNITY ROWING PROGRAM FOR BOAT STORAGE, AND PROVIDED THEM WITH ACCESS TO THE WATER BY WAY OF THE DOCK FACILITIES OWNED AND MAINTAINED BY THE VRA. DURING THE LAST YEAR, APPROXIMATELY 150 PEOPLE FROM THE COMMUNITY PARTICIPATED IN THESE HIGH SCHOOL AND LOCAL ROWING PROGRAMS. SOME OF THOSE INDIVIDUALS PROVIDED FINANCIAL ASSISTANCE AND IN-KIND SUPPORT TO VRA BY ASSISTING AT REGATTAS, HOUSING VISITING ROWERS, MAINTAINING THE GROUNDS OF THE VRA PROPERTY, AND SERVING AS OFFICERS AND DIRECTORS OF VRA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Biller Director Of | OfficerTrustee | 40 | $90,192 |
Andrew K Fletcher President | OfficerTrustee | 1 | $0 |
Matthew G Miller Vice Preside | OfficerTrustee | $0 | |
Stacie H Reid Treasurer/se | OfficerTrustee | 1 | $0 |
Tom Jones Director | Trustee | $0 | |
David Kudravetz Director | Trustee | 1 | $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 | $302,203 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $302,203 |
| Total Program Service Revenue | $282,440 |
| Investment income | $639 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $585,282 |
| 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. | $90,192 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,615 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,005 |
| Payroll taxes | $11,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,275 |
| Fees for services: Other | $38 |
| Advertising and promotion | $0 |
| Office expenses | $320 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,611 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,590 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,011 |
| Insurance | $16,175 |
| All other expenses | $38,771 |
| Total functional expenses | $504,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,243 |
| Savings and temporary cash investments | $254,819 |
| 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 | $1,426,406 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,283,780 |
| Total assets | $3,111,248 |
| 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 | $86,692 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $63,016 |
| Total liabilities | $149,708 |
| Net assets without donor restrictions | $2,961,540 |
| 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 | $3,111,248 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Virginia Rowing Association At The University Of Virginia Inc has recieved totaling $24,858.
| Awarding Organization | Amount |
|---|---|
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: USE AT THE DISCRETION OF THE BOARD OF DIRECTORS | $24,858 |
Endowment Analysis
| Beg. Balance | $1,393,793 |
| Earnings | -$62,104 |
| Admin Expense | $10,695 |
| Other Expense | $40,000 |
| Ending Balance | $1,283,780 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Colonial Athletic Association Richmond, VA | $12,819,772 | $6,295,119 |
William And Mary Athletic Educational Foundation Williamsburg, VA | $7,493,580 | $5,152,449 |
Tenn Secondary School Athletic Assn Hermitage, TN | $4,684,612 | $5,566,331 |
Kentucky High School Athletic Association Lexington, KY | $3,836,833 | $3,983,952 |
Hilltopper Athletic Foundation Inc Bowling Green, KY | $5,275,821 | $3,372,740 |
North Carolina Independent School Athletic Association Inc Concord, NC | $531,655 | $662,280 |
North Carolina Coaches Association Greensboro, NC | $2,154,289 | $526,335 |
The Virginia Rowing Association At The University Of Virginia Inc Charlottesville, VA | $3,111,248 | $585,282 |
Greenwood High Athletic Boosters Club Incorporated Bowling Green, KY | $243,723 | $445,862 |
Anderson County Quarterback Club Inc Clinton, TN | $80,282 | $366,573 |
Tennessee Athletic Coaches Association Inc Columbia, TN | $287,407 | $250,646 |
Rams Boosters Club Inc Fairfax, VA | $108,979 | $174,154 |