Jordan Lake Rowing Club Inc
- Assets
- $70.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- 10/2017
- Data as of
- 12/2023
- EIN
- 81-0993625
Organization Overview
Jordan Lake Rowing Club Inc is located in Durham, NC. The organization was established in 2017. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Jordan Lake 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 12/2023, Jordan Lake Rowing Club Inc generated $55.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $42.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
PROMOTE THE SPORT OF YOUTH ROWING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Albano Co-Treasurer | 10 | $0 | |
Elizabeth Martin Board Member | 10 | $0 | |
Ashley Miles Board Member | 10 | $0 | |
John Cambier President | 10 | $0 | |
Deborah Sorin Co-Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,289 |
| Total Program Service Revenue | $0 |
| Membership dues | $54,067 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $158 |
| Total Revenue | $55,514 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,854 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $12,574 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,471 |
| Total expenses | $42,899 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,311 |
| Other assets | $0 |
| Total assets | $70,311 |
| Total liabilities | $0 |
| Net assets or fund balances | $70,311 |