Rownc
- Assets
- $105.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- Data as of
- 12/2022
- EIN
- 85-0530661
Organization Overview
Rownc is located in Durham, NC. 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. Rownc 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, Rownc generated $65.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $51.8k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
SUPPORT AND PROMOTE THE SPORT OF ROWING IN THE RALEIGH TRIANGLE ARE (N.C.). WE ENABLE BOTH MASTER ROWERS (CHAOS PROGRAM) AND ADAPTIVE ROWERS TO LEARN TO ROW. ATHLETES COMPETE NATIONALLY AND INTERNATIONALLY AND, ALL ATHLETES, APPROXIMATELY 50+, PRACTICE ON A WEEKLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Bulkowski MD Chairman | 6 | $0 | |
Richard E Smith PHD Treasurer | 6 | $0 | |
Elizabeth Hogan Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,102 |
| Total Program Service Revenue | $0 |
| Membership dues | $23,218 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $65,320 |
| 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 | $220 |
| Occupancy, rent, utilities, and maintenance | $5,640 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $45,915 |
| Total expenses | $51,775 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,138 |
| Other assets | $0 |
| Total assets | $105,296 |
| Total liabilities | $90 |
| Net assets or fund balances | $105,206 |