Miami Rowing & Watersports Center
- Assets
- $216.7k
- Revenue
- $549.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Miami, FL
- Founding
- 10/1998
- Data as of
- 12/2022
- EIN
- 59-1952997
Organization Overview
Miami Rowing & Watersports Center is located in Miami, FL. The organization was established in 1998. 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. As of 12/2022, Miami Rowing & Watersports Center employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miami Rowing & Watersports Center 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 12/2022, Miami Rowing & Watersports Center generated $549.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $556.1k during the year ending 12/2022. While expenses have increased by 1.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES INSTRUCTION, EQUIPMENT, TRAINING AND SUPERVISION FOR OVER 130 MIDDLE/HIGH SCHOOL STUDENTS AND ADULTS IN ROWING, KAYAKING, CANOEING AND OUTRIGGER CANOEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE INSTRUCTION, EQUIPMENT, TRAINING, SUPERVISION FOR OVER 130 MIDDLE/HIGH SCHOOL STUDENTS AND ADULTS IN ROWING, KAYAKING, CANOEING AND OUTRIGGER CANOEING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cesar Herrera Head Coach And Club Director | Officer | 40 | $87,404 |
Facundo Barrera President | OfficerTrustee | 2 | $0 |
Carolina Sanchez Treasurer | OfficerTrustee | 2 | $0 |
Mariana Pesin Secretary | OfficerTrustee | 2 | $0 |
Rodrigo Silva Urbaneja Vice President | OfficerTrustee | 2 | $0 |
Jose A Hernandez-Ibanez Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,527 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,779 |
| Noncash contributions included in lines 1a–1f | $14,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,306 |
| Total Program Service Revenue | $298,531 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $549,390 |
| 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 | $259,805 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,000 |
| 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 | $68,495 |
| Insurance | $22,965 |
| All other expenses | $1,823 |
| Total functional expenses | $556,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,200 |
| 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 | $13,287 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $163,249 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $216,736 |
| Accounts payable and accrued expenses | $56,091 |
| 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 | $56,091 |
| Net assets without donor restrictions | $160,645 |
| 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 | $216,736 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Miami Rowing & Watersports Center has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
3 Sons Foundation Inc Miami, FL PURPOSE: SUPPORT CHARITABLE ACTIVITIES | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Circle Square Foundation Ocala, FL | $124,141,413 | $8,724,488 |
United States Masters Swimming Inc Sarasota, FL | $7,327,632 | $3,454,621 |
Usa Water Ski & Wake Sports Inc Auburndale, FL | $1,442,821 | $1,825,367 |
Usa Swimming Inc Minneola, FL | $982,345 | $1,492,508 |
Sarasota Crew Inc Osprey, FL | $3,089,613 | $2,511,291 |
Water Sports Foundation Inc Orlando, FL | $355,212 | $1,138,831 |
Huntsville Swim Association Huntsville, AL | $601,008 | $1,169,266 |
Sarasota Sharks Incorporated Sarasota, FL | $1,254,329 | $1,187,905 |
Athens Bulldog Swim Club Inc Hull, GA | $405,540 | $725,242 |
Palm Beach Sailing Club Inc West Palm Beach, FL | $1,088,323 | $782,714 |
Coconut Grove Sailing Club Instructional Center Inc Miami, FL | $284,549 | $710,117 |
Sarasota Sailing Squadron Inc Sarasota, FL | $2,108,235 | $790,673 |