Gainesville Area Rowing Inc
- Assets
- $1.3m
- Revenue
- $153.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Gainesville, FL
- Founding
- 06/2000
- Data as of
- 07/2022
- EIN
- 59-3541801
Organization Overview
Gainesville Area Rowing Inc is located in Gainesville, FL. The organization was established in 2000. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, 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. Gainesville Area Rowing 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 07/2022, Gainesville Area Rowing Inc generated $153.1k 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 (18.0%) each year. All expenses for the organization totaled $115.4k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 7 years. 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
GAINESVILLE AREA ROWING IS A NON-PROFIT CORPORATION THAT PROMOTES ROWING AS A SPORT FOR MIDDLE AND HIGH SCHOOL STUDENTS AND ADULTS IN THE GAINESVILLE AND ALACHUA COUNTY AREA. GAR TEACHES PHYSICAL FITNESS, NUTRITION AND PSYCHOLOGICAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHING AND PROMOTING THE SPORT OF COMPETITIVE ROWING, FITNESS, NUTRITION AND TEAMWORK TO YOUTH AND ADULT PARTICIPANTS IN SUPPORT OF PARTICIPATION IN STATE AND NATIONAL ROWING COMPETITIONS AND PROVIDING BOATS, EQUIPMENT AND OTHER SUPPORT FOR EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Glover President | OfficerTrustee | 5 | $0 |
Kelly Quintana Vice President | OfficerTrustee | 5 | $0 |
Jackie Boudreaux Secretary | Trustee | 5 | $0 |
Anne Matthews Treasurer | Trustee | 5 | $0 |
Hugo Moon Head Coach | Trustee | 5 | $0 |
Don Davis Development Director | Trustee | 5 | $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 | $3,879 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,879 |
| Total Program Service Revenue | $124,589 |
| Investment income | $47 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,674 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,920 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $153,109 |
| 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 | $50,912 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,132 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,813 |
| Advertising and promotion | $0 |
| Office expenses | $205 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,024 |
| 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 | $3,580 |
| Insurance | $15,052 |
| All other expenses | $0 |
| Total functional expenses | $115,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,117 |
| Savings and temporary cash investments | $350,700 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,863 |
| 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 | $924,747 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,750 |
| Total assets | $1,303,177 |
| Accounts payable and accrued expenses | $19 |
| 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 | $16,059 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,078 |
| Net assets without donor restrictions | $1,287,099 |
| 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 | $1,303,177 |