George Y Pocock Rowing Foundation
- Assets
- $3.7m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 68
- Location
- Seattle, WA
- Founding
- 05/1983
- Data as of
- 12/2022
- EIN
- 91-1276445
Organization Overview
George Y Pocock Rowing Foundation is located in Seattle, WA. The organization was established in 1983. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, George Y Pocock Rowing Foundation employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Y Pocock Rowing Foundation 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, George Y Pocock Rowing Foundation generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 10.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George Y Pocock Rowing Foundation has awarded 30 individual grants totaling $924,661. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO HELP YOUNG PEOPLE ACCESS AND EXPERIENCE THE LIFE-CHANGING SPORT OF ROWING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POCOCK ROWING CENTER: FOCUSES ON INTRODUCING ROWING TO THE COMMUNITY AND TRAINING ATHLETES OF ALL AGES FOR LOCAL, NATIONAL, AND INTERNATIONAL COMPETITION. SERVES 350.
OTHER: CAMP LUCY WHICH REACHES 30 YOUTH PER SUMMER, ERG ED WHICH REACHES 42,000 YOUTH DURING THE SCHOOL YEAR, OUR SCHOLARSHIP PROGRAM WHICH SERVED 44 YOUTH ALL YEAR AT VARIOUS BOATHOUSES, AND OUR BOATHOUSE GRANT GIVING WHICH SERVED 9 PACIFIC NORTHWEST BOATHOUSES.
A MOST BEAUTIFUL THING INCLUSION FUND: A TEMPORARILY RESTRICTED FUND UNDER THE UMBRELLA OF THE GEORGE POCOCK ROWING FOUNDATION TO SUPPORT THE WORK OF ARSHAY COOPER AND EXPAND THE SPORT OF ROWING INTO UNDER-RESOURCED COMMUNITIES. SERVES 2,500.
RENTON ROWING CENTER: FOCUSES ON INTRODUCING ROWING TO THE COMMUNITY AND TRAINING ATHLETES OF ALL AGES FOR LOCAL, NATIONAL, AND INTERNATIONAL COMPETITION. SERVES 150.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Lopez President | OfficerTrustee | 8 | $0 |
Sam Dommer Vice President | OfficerTrustee | 3 | $0 |
Eric Ledbetter Secretary | OfficerTrustee | 2 | $0 |
Eric Phoun Treasurer | OfficerTrustee | 8 | $0 |
Shirley Wilson Director | Trustee | 3 | $0 |
Eleanor Logan Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $423,017 |
| Related organizations | $0 |
| Government grants | $330,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $714,536 |
| Noncash contributions included in lines 1a–1f | $76,580 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,467,913 |
| Total Program Service Revenue | $1,214,681 |
| Investment income | $6,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,164 |
| Net Gain/Loss on Asset Sales | $17,369 |
| Net Income from Fundraising Events | -$84,899 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,232 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,700,743 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $232,600 |
| Grants and other assistance to domestic individuals. | $68,282 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $660,977 |
| Compensation of current officers, directors, key employees. | $71,275 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $719,122 |
| Pension plan accruals and contributions | $10,021 |
| Other employee benefits | $60,104 |
| Payroll taxes | $131,373 |
| Fees for services: Management | $17,700 |
| Fees for services: Legal | $10,967 |
| Fees for services: Accounting | $38,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,631 |
| Advertising and promotion | $9,998 |
| Office expenses | $63,833 |
| Information technology | $19,522 |
| Royalties | $0 |
| Occupancy | $146,161 |
| Travel | $33,456 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,692 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151,529 |
| Insurance | $53,817 |
| All other expenses | $11,305 |
| Total functional expenses | $2,829,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,132,665 |
| Savings and temporary cash investments | $620,329 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,077 |
| 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 | $36,241 |
| Net Land, buildings, and equipment | $1,473,784 |
| Investments—publicly traded securities | $372,190 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,660,286 |
| Accounts payable and accrued expenses | $21,601 |
| Grants payable | $0 |
| Deferred revenue | $4,909 |
| 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 | $0 |
| Other liabilities | $8,486 |
| Total liabilities | $34,996 |
| Net assets without donor restrictions | $2,723,057 |
| Net assets with donor restrictions | $902,233 |
| 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 | $3,660,286 |
Grants Awarded
Over the last fiscal year, George Y Pocock Rowing Foundation has awarded $227,600 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH CASCADES CREW PURPOSE: FINANCIAL AID FOR YOUTH PROGRAM REGISTRATION AND PARTICIPATION | $6,400 |
KENMORE ROWING CLUB PURPOSE: FINANCIAL AID FOR YOUTH PROGRAM REGISTRATION AND PARTICIPATION ($1000) AID TO SUPPORT TRAINING NEW COACHES IN THE REGION ($5000) | $6,000 |
OLYMPIC PENINSULA ROWING ASSOCIATION PURPOSE: FINANCIAL AID IN SUPPORT OF POURING THE FOUNDATION FOR A BOATHOUSE, INCREASING ACCESS TO ROWING FOR THE COMMUNITY | $10,000 |
EVERETT ROWING ASSOCIATION PURPOSE: FINANCIAL AID IN SUPPORT OF SNOCOROW, A FREE ROWING PROGRAM FOR UNDERSERVED MIDDLE SCHOOLERS IN SNOHOMISH COUNTY | $10,000 |
ROSE CITY ROWING PURPOSE: FINANCIAL AID IN SUPPORT OF REPAIRING THE BARGE IN ORDER TO BRING MORE YOUTH ATHLETES AND COACHES TO THE PROGRAM | $10,000 |
VANCOUVER LAKE CREW PURPOSE: FINANCIAL AID IN SUPPORT OF THE PURCHASE OF ROWING MACHINES TO BE SHARED WITH THE LOCAL SCHOOL DISTRICT AND ERGED PROGRAMS | $10,000 |