Olympia Area Rowing Association
- Assets
- $496.0k
- Revenue
- $243.0k
- Investments
- $0.0
- Employees
- 19
- Location
- Olympia, WA
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 91-1939589
Organization Overview
Olympia Area Rowing Association, operating under the name Oar, is located in Olympia, WA. The organization was established in 1999. 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, Oar employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oar 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, Oar generated $243.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $287.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 4 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, FOSTER, AND FACILITATE THE SPORTS OF ROWING AND PADDLING HUMAN-POWERED WATERCRAFT; TO PRESERVE THE HERITAGE AND HISTORY OF THESE SPORTS; AND TO ORGANIZE AND OPERATE A COMMUNITY FACILITY THAT IS DEVOTED TO THESE SPORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ROWING EDUCATION AND TRAINING PROGRAMS TO YOUTH AND ADULTS; CONDUCTED SPRING, SUMMER, FALL, AND WINTER ROWING PROGRAMS FOR ABOUT 55 YOUTH GIRLS AND BOYS AGED 12-18; CONDUCTED SPRING, SUMMER, FALL, AND WINTER ADULT COACHED PROGRAMS FOR APPROXIMATELY 50 ADULTS. CONDUCTED LEARN TO ROW CLASSES FOR APPROXIMATELY 25 ADULTS WHO WERE NEW TO THE SPORT. PROVIDED ACCESS TO FACILITIES AND INSTRUCTION FOR AN ADULT TEAM BUILDING WORKSHOP, AND ALSO A COMMUNITY YOUTH CAMP THAT INTRODUCED YOUTH TO VARIOUS WATER SPORTS.
DEVELOPED AND MAINTAINED WATER ACCESS (DOCKS, RAMPS, AND BOAT STORAGE) FOR VARIOUS CATEGORIES OF ROWED BOATS; PROVIDED RECREATIONAL ROWING OPPORTUNITIES FOR APPROXIMATELY 80 ADULT MEMBERS AND 55 YOUTH PARTICIPANTS; PROVIDED WATER ACCESS AND STORAGE FACILITIES FOR THE CITY OF OLYMPIA PARKS, ARTS, AND RECREATION DEPARTMENT; PROVIDED WATER ACCESS (USE OF DOCK) TO MEMBERS OF THE GENERAL PUBLIC WHO USE KAYAKS, CANOES, PADDLE BOARDS, AND OTHER HUMAN-POWERED CRAFT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Curtiss Parent Representative | Trustee | 5 | $0 |
Alyson Piskorowski Parent Representative | Trustee | 5 | $0 |
Jill Williams At Large Director | Trustee | 5 | $0 |
Kate O'donnell At Large Director | Trustee | 5 | $0 |
Alex Smith At Large Director | Trustee | 5 | $0 |
Richard Ramsey President | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,553 |
| Related organizations | $0 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,392 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,945 |
| Total Program Service Revenue | $200,108 |
| Investment income | $107 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $257 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,984 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,846 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,004 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,746 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,059 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,221 |
| Travel | $708 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $780 |
| Interest | $1,554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,761 |
| Insurance | $6,174 |
| All other expenses | $5,895 |
| Total functional expenses | $287,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $149,117 |
| 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 | $346,853 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $495,970 |
| Accounts payable and accrued expenses | $2,172 |
| Grants payable | $5,000 |
| 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 | $56,985 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $64,157 |
| Net assets without donor restrictions | $0 |
| 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 | $431,813 |
| Total liabilities and net assets/fund balances | $495,970 |