United States Dragon Boat Federation
- Assets
- $280.4k
- Revenue
- $290.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Dubuque, IA
- Founding
- 12/2000
- Data as of
- 12/2021
- EIN
- 91-1990147
Organization Overview
United States Dragon Boat Federation is located in Dubuque, IA. The organization was established in 2000. 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. United States Dragon Boat Federation 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 12/2021, United States Dragon Boat Federation generated $290.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $131.8k during the year ending 12/2021. While expenses have increased by 11.0% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE GROWTH OF DRAGON BOATING IN THE US FOR FITNESS, RECREATION, AND TEAM BUILDING AT ALL LEVELS OF COMPETITION BY OFFERING TRAINING, CLINICS, AND CERTIFICATION FOR DRAGON BOATING OFFICIALS, COACHES, PADDLERS AND FESTIVAL ORGANIZERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLDING A NATIONAL CHAMPIONSHIP COMPETITION WHICH BROUGHT DRAGON BOAT CLUBS FROM ALL ACROSS THE UNITED STATES TO ONE LOCATION TO DETERMINE THE BEST CREWS IN THE US. THIS WAS ACCOMPLISHED BY "HEAD TO HEAD" COMPETITION USING THE STANDARD RACING FORMAT AS PRESCRIBED BY THE INTERNATIONAL DRAGON BOAT FEDERATION. THIS EVENT BROUGHT TOGETHER MORE THAN 73 DIFFERENT CREWS IN APPROXIMATELY 30 DIVISIONS THAT COMPETED OVER A 3 DAY PERIOD TO DETERMINE WHO WAS THE BEST CREW IN THEIR DIVISION. THE CREWS THAT FINISHED IN THE TOP OF THEIR DIVISION NOT ONLY EARNED THE RIGHT TO CLAIM THAT THEY WERE THE "BEST IN THE US", BUT ALSO EARNED A BERTH TO COMPETE IN THE IDBF WORLD DRAGON BOAT CHAMPIONSHIPS THAT WILL BE HELD IN 2022. THE USDBF PLANS TO CONTINUE HOLDING THIS NATIONAL CHAMPIONSHIP COMPETITION IN THE "ODD" NUMBERED YEAR.
THE USDBF CONTINUES TO OFFER CLINICS THAT HELP MANY DIFFERENT PEOPLE IN VARIOUS ASPECTS OF THE DRAGON BOATING SPORT. THERE ARE CLINICS FOR PADDLERS THAT ARE BEING HELD TO HELP THEM IMPROVE ON THEIR PADDLING TECHNIQUES, AND BECOME A BETTER DRAGON BOAT PADDLER. THERE ARE CLINICS FOR PEOPLE THAT HAVE A DESIRE TO MOVE INTO THE COACHING POSITION FOR THEIR LOCAL CLUB. THESE CLINICS TEACH THEM THE PROPER METHODS OF PASSING ON THE PADDLING TECHNIQUES TO THE PARTICIPANTS. THERE ARE CLINICS FOR PEOPLE THAT HAVE A DESIRE TO BECOME OFFICIALS AT DRAGON BOATING EVENTS. THESE CLINICS ARE THE FIRST STEP IN ALLOWING THEM TO EARN THEIR "USDBF OFFICIALS LICENSE".
THE USDBF IS THE GOVERNING BODY THAT SELECTS COACHES AND TASKS THEM WITH THE RESPONSIBILITY TO SELECT PADDLERS THAT MAKE UP TEAM USA, ACROSS THE MULTIPLE DIVISIONS AND AGE GROUPS FOR THE COMPETITION. TEAM USA PADDLERS AND COACHES WILL REPRESENT THE US AT THE IDBF WORLD CHAMPIONSHIPS TO BE HELD IN EVERY ODD NUMBERED YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Kane President | Officer | 10 | $0 |
Bob Ricks 2nd Vice President | Officer | 2 | $0 |
Annely Thorstad Secretary | Officer | 10 | $0 |
John Miller Treasurer | Officer | 15 | $0 |
Paula Humphries Competition & Technical | Officer | 2 | $0 |
Kelly Hood Membership | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $88,464 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,257 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,721 |
| Total Program Service Revenue | $199,994 |
| Investment income | $10 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,725 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,632 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,781 |
| Office expenses | $434 |
| Information technology | $650 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $10,529 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $131,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,121 |
| Savings and temporary cash investments | $50,027 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $280,448 |
| Accounts payable and accrued expenses | $62,735 |
| Grants payable | $0 |
| Deferred revenue | $110 |
| 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 | $0 |
| Total liabilities | $62,845 |
| Net assets without donor restrictions | $211,232 |
| Net assets with donor restrictions | $6,371 |
| 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 | $280,448 |
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