Mile High Rowing Club
- Assets
- $147.4k
- Revenue
- $210.5k
- Investments
- $0.0
- Employees
- 15
- Location
- Greenwood Village, CO
- Founding
- 04/2009
- Data as of
- 12/2023
- EIN
- 80-0356612
Organization Overview
Mile High Rowing Club is located in Greenwood Village, CO. The organization was established in 2009. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Mile High Rowing Club employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mile High Rowing Club 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 12/2023, Mile High Rowing Club generated $210.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $228.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MILE HIGH ROWING CLUB (MHRC) WAS FOUNDED IN 2008 TO BE A BROAD-BASED, NONPROFIT COMMUNITY ORGANIZATION, WHOSE PURPOSE IS TO FOSTER LOCAL, NATIONAL, AND INTERNATIONAL COMPETITION IN THE AMATEUR SPORT OF JUNIOR ROWING. OUR GOAL IS TO PROMOTE AND ENCOURAGE THE GROWTH AND DEVELOPMENT OF ROWING BY PROVIDING APPROPRIATE INSTRUCTION, TRAINING PROGRAMS, AND FACILITIES FOR JUNIOR ROWERS THROUGHOUT THE GREATER DENVER AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2023 ACCOMPLISHMENTS: MHRC'S ACCOMPLISHMENT OF 2023 WAS THE CONTINUED SAFE OPERATION OF THE CLUB. 2024 GOALS: AGAIN, THE MAIN GOAL WILL BE TO CONDUCT OUR USUAL SPRING, SUMMER, AND FALL SEASONS AS SAFELY AS POSSIBLE. MHRC CONDUCTS ROWING PRACTICE 5 DAYS A WEEK. IN 2024, MHRC WILL TRAVEL WITH 40+ ROWERS TO OKLAHOMA CITY, OK FOR THE USROWING CENTRAL YOUTH CHAMPIONSHIPS, THE REGIONAL QUALIFYING REGATTA FOR THE USROWING YOUTH NATIONAL CHAMPIONSHIP. IN THE SUMMER WE WILL CONDUCT LEARN-TO-ROW CAMPS TO TEACH THE SPORT TO HIGH SCHOOLERS AND ENCOURAGE THEM TO JOIN THE TEAM FOR RACES IN THE SUBSEQUENT FALL AND SPRING SEASONS. IN THE FALL, MHRC WILL TRAVEL TO OKLAHOMA CITY AND WICHITA, KS FOR ADDITIONAL REGATTAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Malacrida Head Coach | Trustee | 15 | $42,000 |
Lawrence Mandes President | Trustee | 6 | $0 |
David Lindstrom Vice Preside | OfficerTrustee | 5 | $0 |
Nelly Dawallu Treasurer | OfficerTrustee | 7 | $0 |
David Qualls Maintenance | Trustee | 6 | $0 |
Pamela Nagafuji Mrkting/memb | 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 | $24,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,954 |
| Total Program Service Revenue | $179,707 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,717 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,547 |
| 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. | $42,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,021 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,816 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,074 |
| Office expenses | $5,512 |
| Information technology | $3,266 |
| Royalties | $0 |
| Occupancy | $23,292 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,143 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,113 |
| Insurance | $13,472 |
| All other expenses | $2,165 |
| Total functional expenses | $228,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,930 |
| Savings and temporary cash investments | $34,652 |
| 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 | $87,799 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $147,381 |
| Accounts payable and accrued expenses | $5,958 |
| 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 | $3,785 |
| Other liabilities | $0 |
| Total liabilities | $9,743 |
| Net assets without donor restrictions | $137,638 |
| 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 | $147,381 |