Para Rowing Foundation Inc
- Assets
- $56.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brookline, MA
- Founding
- 08/2018
- Data as of
- 08/2023
- EIN
- 83-1560138
Organization Overview
Para Rowing Foundation Inc is located in Brookline, MA. The organization was established in 2018. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Para Rowing Foundation 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 08/2023, Para Rowing Foundation Inc generated $78.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $66.3k during the year ending 08/2023. 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
PARA ROWING FOUNDATION CREATED THE FIRST EVER INTERNATIONAL PARA ROWING TRAINING THAT FULLY SUPPORTED ATHLETES FINANCIALLY, WITH PARA FOCUSED TRAINING, EQUIPMENT AND ACCESSIBLE TRANSPORTATION AND LODGING. THIS WAS POSSIBLE THROUGH WORKING RELATIONSHIPS ESTABLISHED WITH A PASSIONATE GROUP OF PARA EXPERIENCED COACHES, PHYSICAL THERAPISTS, VOLUNTEERS, AND ENGINEERS TO RUN TRAININGS. ALSO COLLABORTATED WITH ROWING COMMUNITY ORGANIZATIONS TO INCREASE AWARENESS OF AND OPPORTUNITITES FOR THE PARA ROWING COMMUNITY. DURING THE FISCAL YEAR, PARA ROWING PROVIDED GRANTS TO 5 INDIVIDUALS TO ASSIST WITH TRAVEL EXPENSES TO EVENTS, TRAINING, AND EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jovia Manzie Member | 10 | $0 | |
Marilyn Koblan President | 40 | $0 | |
Abigail Gregory Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,450 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,079 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $78,529 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,762 |
| Occupancy, rent, utilities, and maintenance | $1,711 |
| Printing, publications, postage, and shipping | $4,083 |
| Other expenses | $48,793 |
| Total expenses | $66,302 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,483 |
| Other assets | $0 |
| Total assets | $56,320 |
| Total liabilities | $0 |
| Net assets or fund balances | $56,320 |