Lake Lanier Rowing Club Inc
- Assets
- $302.8k
- Revenue
- $117.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Gainesville, GA
- Founding
- 10/2000
- Data as of
- 06/2022
- EIN
- 58-2223024
Organization Overview
Lake Lanier Rowing Club Inc is located in Gainesville, GA. The organization was established in 2000. According to its NTEE Classification (N71) the organization is classified as: Olympics, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Lake Lanier Rowing Club Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Lanier 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 06/2022, Lake Lanier Rowing Club Inc generated $117.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $134.3k 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
PROMOTING THE SPORT OF ROWING FOR YOUTH AND ADULTS AT THE SITE OF THE 1996 OLYMPICS ROWING VENUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAUGHT THE SPORT OF ROWING TO APPROXIMATELY 100 ADULTS AND 50 YOUTHS. THIS IS ACCOMPLISHED IN PART THROUGH TEAM TRAININGS. HIGH SCHOOLS AND COLLEGES FROM CANADA AND THE NORTH EASTERN UNITED STATES COME FOR TRAINING AND PREPARE FOR THEIR SEASON WHILE THEIR RIVERS AND LAKES ARE FROZEN. ADDITIONALLY, THE SUMMER CAMPS PROVIDE MIDDLE SCHOOL AND HIGH SCHOOL ROWERS FURTHER INSTRUCTION AND TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Slone President | OfficerTrustee | 15 | $0 |
Ed Hallman Vice President | OfficerTrustee | 10 | $0 |
Cecily Kannapell Secretary | OfficerTrustee | 1 | $0 |
Cliff Ward Treasurer | OfficerTrustee | 1 | $0 |
Morgan Melette Board Member | Trustee | 1 | $0 |
Ashley Souza Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $37,422 |
| Fundraising events | $525 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,940 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,887 |
| Total Program Service Revenue | $49,307 |
| Investment income | $9,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,942 |
| Net Income from Fundraising Events | $10,152 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$476 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,565 |
| 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 | $51,938 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,616 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,136 |
| Fees for services: Other | $0 |
| Advertising and promotion | $108 |
| Office expenses | $2,105 |
| Information technology | $1,427 |
| Royalties | $0 |
| Occupancy | $12,000 |
| 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 | $17,381 |
| Insurance | $9,376 |
| All other expenses | $6,595 |
| Total functional expenses | $134,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,089 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $256 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,697 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $87,116 |
| Investments—publicly traded securities | $164,667 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $302,825 |
| Accounts payable and accrued expenses | $1,055 |
| Grants payable | $0 |
| Deferred revenue | $3,645 |
| 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 | $4,700 |
| Net assets without donor restrictions | $298,125 |
| 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 | $302,825 |
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