Bainbridge Island Rowing Club
- Assets
- $3.6m
- Revenue
- $782.8k
- Investments
- $0.0
- Employees
- 22
- Location
- Bainbridge Island, WA
- Founding
- 03/2002
- Data as of
- 12/2022
- EIN
- 91-2101122
Organization Overview
Bainbridge Island Rowing Club, operating under the name Bainbridge Island Rowing, is located in Bainbridge Island, WA. The organization was established in 2002. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Bainbridge Island Rowing employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bainbridge Island Rowing 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, Bainbridge Island Rowing generated $782.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $749.6k during the year ending 12/2022. While expenses have increased by 8.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.THE MISSION OF BAINBRIDGE ISLAND ROWING CLUB IS TO PROMOTE AND DEVELOP EDUCATIONAL, RECREATIONAL AND COMPETITIVE ROWING OPPORTUNITIES FOR ALL YOUTH AND ADULTS OF THE BAINBRIDGE COMMUNITY, AND TO BUILD A COMMUNITY OF ROWERS THAT PROMOTES BETTER HEALTH, DEVELOPMENT OF POSITIVE LIFE SKILLS, AND ROWING EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAINBRIDGE ISLAND ROWING PARTICIPATES IN MANY COMPETITIVE ROWING REGATTAS, INCLUDING THE NORTHWEST JUNIOR REGIONAL CHAMPIONSHIPS, US ROWING YOUTH NATIONAL CHAMPIONSHIPS, OPENING DAY REGATTA, NORTHWEST MASTER REGIONAL CHAMPIONSHIPS, HEAD OF THE CHARLES REGATTA AND HEAD OF THE LAKE REGATTA. BAINBRIDGE ISLAND ROWING CONDUCTS LEARN TO ROW CLASSES FROM EARLY SPRING UNTIL FALL TO EDUCATE NEW INTERESTED COMMUNITY PARTICIPANTS IN THE SPORT. LASTLY, BAINBRIDGE ISLAND ROWING PROVIDES SCHOLARSHIPS TO COVER THE COST OF ROWING FOR JUNIOR AND MASTER ROWERS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Kutchera President | OfficerTrustee | 20 | $0 |
John Foy Vice President | OfficerTrustee | 10 | $0 |
Beth Wheeler Secretary | OfficerTrustee | 10 | $0 |
Melanie Edenholm Treasurer | OfficerTrustee | 10 | $0 |
Jennifer Ames-Karreman Director | Trustee | 20 | $0 |
Jill Bamburg Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $343,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $343,570 |
| Total Program Service Revenue | $440,171 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$925 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $782,816 |
| 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. | $62,400 |
| Compensation of current officers, directors, key employees. | $43,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,356 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $117,296 |
| Fees for services: Accounting | $14,685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,881 |
| Advertising and promotion | $3,007 |
| Office expenses | $57,963 |
| Information technology | $76 |
| Royalties | $0 |
| Occupancy | $10,993 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,463 |
| Insurance | $21,568 |
| All other expenses | $0 |
| Total functional expenses | $749,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,198,019 |
| Savings and temporary cash investments | $0 |
| 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 | $2,439,586 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,637,605 |
| Accounts payable and accrued expenses | $4,323 |
| Grants payable | $5,717 |
| 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 | $142,334 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $864,166 |
| Other liabilities | $0 |
| Total liabilities | $1,016,540 |
| Net assets without donor restrictions | $2,608,180 |
| Net assets with donor restrictions | $12,885 |
| 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 | $3,637,605 |