Chattanooga Rowing
- Assets
- $558.7k
- Revenue
- $177.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Chattanooga, TN
- Founding
- 07/1989
- Data as of
- 09/2022
- EIN
- 58-1846279
Organization Overview
Chattanooga Rowing is located in Chattanooga, TN. The organization was established in 1989. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 09/2022, Chattanooga Rowing employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chattanooga Rowing 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 09/2022, Chattanooga Rowing generated $177.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $115.6k during the year ending 09/2022. While expenses have increased by 4.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE AREA RESIDENTS, WITHOUT REGARD TO AGE OR ABILITY TO ENJOY AND BENEFIT FROM ROWING ON THE TENNESSEE RIVER. THIS IS ACCOMPLISHED BY PROVIDING A FACILITY TO HOUSE ROWING PROGRAMS, TO SPONSOR A HIGH SCHOOL ROWING ORGANIZATION, AND TO PROVIDE INSTRUCTION AND EQUIPMENT FOR ROWER'S WITH SPECIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AND MAINTAINED A FACILITY FOR COMMUNITY-WIDE ACTIVITIES. TWO ORGANIZATIONS SERVING ADULTS, A JUNIOR ROWING PROGRAM, AND AN ADAPTIVE ROWING PROGRAM ARE HOUSED IN THE FACILITY. SPONSORED CHATTANOOGA JUNIOR ROWING BY PROVIDING EQUIPMENT, COACHING, AND TRAINING FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Connors Vice Preside | OfficerTrustee | $0 | |
Christine Connors Secretary/tr | OfficerTrustee | $0 | |
Grant Law Board Member | OfficerTrustee | $0 | |
Henry Magnuson President | OfficerTrustee | $0 | |
Paul Gifford Board Member | Trustee | $0 | |
James Hibbs Board Member | 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 | $17,897 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,897 |
| Total Program Service Revenue | $156,686 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,557 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $177,140 |
| 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 | $4,923 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,667 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,166 |
| 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 | $14,658 |
| Insurance | $13,921 |
| All other expenses | $0 |
| Total functional expenses | $115,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,524 |
| Savings and temporary cash investments | $0 |
| 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 | $431,148 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $558,672 |
| Accounts payable and accrued expenses | $1,669 |
| 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 | $1,669 |
| Net assets without donor restrictions | $557,003 |
| 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 | $558,672 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chattanooga Rowing has recieved totaling $17.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bentonville Bella Vista Blazer Association Bentonville, AR | $77,364,842 | $17,570,755 |
Triangle Aquatic Center Cary, NC | $23,604,525 | $5,716,572 |
Greater Richmond Aquatics Partnership Richmond, VA | $12,359,934 | $3,767,047 |
Family Ymca Of Emporia Greensville Emporia, VA | $970,597 | $1,833,088 |
Newtown Recreation Inc Alpharetta, GA | $134,249 | $1,016,888 |
Springdale Benevolent Foundation Springdale, AR | $2,342,056 | $947,504 |
Trailnet Inc St Louis, MO | $1,194,195 | $886,408 |
Gateway Region Volleyball Association Hazelwood, MO | $929,148 | $734,544 |
Georgia Recreation And Park Association Inc Conyers, GA | $880,188 | $570,815 |
Zap Fitness Foundation Inc Blowing Rock, NC | $293,616 | $620,948 |
Lake Cumberland Recreation Center Inc Russell Springs, KY | $182,084 | $577,751 |
Streethopetn Powell, TN | $3,530,882 | $1,642,282 |