Lookout Rowing Club
- Assets
- $166.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 05/1991
- Data as of
- 09/2022
- EIN
- 58-1934835
Organization Overview
Lookout Rowing Club is located in Chattanooga, TN. The organization was established in 1991. 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. Lookout Rowing Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2022, Lookout Rowing Club generated $48.6k 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 (9.0%) each year. All expenses for the organization totaled $42.3k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (14.8%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3
PROMOTED ROWING AS A RECREATIONAL PURSUIT, PROVIDED COACHING AND ROWING INSTRUCTION TO MEMBERS, PROMOTED ROWING THROUGH A MAJOR ROWING EVENT THAT IS RECOGNIZED NATIONALLY - "HEAD OF THE HOOCH".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seth Faler President | 3 | $0 | |
Shannon Mikus Board Member | 1 | $0 | |
Missy Elliott Vice Preside | 2.5 | $0 | |
Bethany Mcllrath Secretary | 2.5 | $0 | |
David Moore Board Member | 1 | $0 | |
Kay Hughes Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $23,000 |
| Membership dues | $24,376 |
| Investment income | $40 |
| Gain or Loss | $1,200 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,616 |
| 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 | $1,120 |
| Occupancy, rent, utilities, and maintenance | $24,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,204 |
| Total expenses | $42,324 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $143,612 |
| Other assets | $0 |
| Total assets | $166,931 |
| Total liabilities | $2,550 |
| Net assets or fund balances | $164,381 |
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