South End Rowing Club
- Assets
- $4.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 1
- Location
- San Francisco, CA
- Founding
- 06/1953
- Data as of
- 12/2022
- EIN
- 94-0881310
Organization Overview
South End Rowing Club is located in San Francisco, CA. The organization was established in 1953. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South End Rowing Club is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, South End Rowing Club generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. 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
SOCIAL WELFARE ORGANIZATION PROVIDING ATHLETIC FACILITIES, COMPETITIONS AND EVENTS FOR MEMBERS AND PUBLIC, ON LEASED PROPERTY OWNED BY CITY AND COUNTY OF SAN FRANCISCO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWIMMING PROGRAMS
RUNNING AND GYM PROGRAMS
ROWING PROGRAMS
HANDBALL ACTVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seth Kenvin Gym Commissioner | Trustee | 8 | $0 |
Mee Lee Handball Commissioner | Trustee | 8 | $0 |
George Lazaneo Builiding Commissioner | Trustee | 8 | $0 |
Elizabeth Young Enertainment Commissioner | Trustee | 8 | $0 |
Sydelle Harrison Running Commissioner | Trustee | 8 | $0 |
Zach Margolis Swim Commissioner | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $738,901 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,181 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $754,082 |
| Total Program Service Revenue | $79,557 |
| Investment income | $708 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,200 |
| Net Income from Fundraising Events | $98,695 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,000,060 |
| 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 | $32,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,629 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,205 |
| 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 | $6,387 |
| Advertising and promotion | $0 |
| Office expenses | $2,032 |
| Information technology | $8,619 |
| Royalties | $0 |
| Occupancy | $114,492 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,163 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $65,714 |
| All other expenses | $299,663 |
| Total functional expenses | $1,731,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,907 |
| Savings and temporary cash investments | $607,143 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $161 |
| 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 | $3,113,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,387 |
| Total assets | $4,223,422 |
| Accounts payable and accrued expenses | $32,352 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $228,243 |
| Other liabilities | $270 |
| Total liabilities | $260,865 |
| Net assets without donor restrictions | $3,957,557 |
| Net assets with donor restrictions | $5,000 |
| 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 | $4,223,422 |