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Nonprofiteer
← ATLANTA ROWING CLUB INC

Form 990 for tax year 2022

Filed by ATLANTA ROWING CLUB INC.

Totals

Total revenue
$261,181
Total expenses
$235,549
Contributions and grants received
$15,948
Grants paid
$0
Program service revenue
$249,361
Investment income
-$2,004
Other revenue
-$2,124
Total assets, end of year
$1,172,009
Total liabilities, end of year
$1,858
Net assets or fund balances, end of year
$1,170,151
Program services expenses (Part IX)
$210,687
Management and general expenses
$24,862
Fundraising expenses
$0
Program service expenses (Part III)
$210,687

Program services were 89.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $15,948

  • 2a · Program service revenue: COACHING

    total $99,625 · related or exempt $99,625

  • 2b · Program service revenue: MEMBERSHIP FEES

    total $99,736 · related or exempt $99,736

  • 2c · Program service revenue: REGATTA RECEIPTS

    total $50,000 · related or exempt $50,000

  • 3 · Investment income

    total $2,277 · related or exempt $2,277

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $20,780

  • 6b · Less rental expenses

    real property $22,904

  • 6c · Rental income or loss

    real property -$2,124

  • 6d · Net rental income or loss

    total -$2,124 · related or exempt -$2,124

  • 7a · Gross sales of assets other than inventory

    securities $65,424

  • 7b · Less cost or other basis and sales expenses

    securities $69,705

  • 7c · Gain or loss

    securities -$4,281

  • 7d · Net gain or loss

    total -$4,281 · related or exempt -$4,281

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $8,927 · management and general $8,927

  • 11c · Fees: accounting

    total $1,525 · management and general $1,525

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $1,992 · program services $1,992

  • 13 · Office expenses

    total $1,442 · management and general $1,442

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $7,954 · program services $7,954

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $11,880 · program services $11,880

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $5,275 · program services $4,505 · management and general $770

  • 24a · Other expenses: Coaching Expenses

    total $131,601 · program services $131,601

  • 24b · Other expenses: Equipment Repairs & Maintenanc

    total $35,967 · program services $35,967

  • 24c · Other expenses: Camp Expenses

    total $12,505 · program services $12,505

  • 24d · Other expenses: Bank Charges

    total $6,239 · management and general $6,239

  • 24e · All other expenses

    total $10,242 · program services $4,283 · management and general $5,959

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $84,520 · end of year $24,127

  • 2 · Savings and temporary cash investments

    beginning of year $328,632 · end of year $51,135

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $1,019,882

  • 10c · Land, buildings and equipment, net

    beginning of year $732,485 · end of year $1,019,882

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $76,865

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,118 · end of year $1,858

  • 27 · Net assets without donor restrictions

    beginning of year $1,144,519 · end of year $1,170,151

Mission and programs · 2022

Mission

Promotion and training for the sport of rowing.

  • ROWING CLUB MEMBERSHIP FEES SO THAT MEMBERS CAN PRACTICE AND DISPLAY ROWING ACTIVITIES. APPROXIMATELY 270 MEMBERS AT YEAR END.

    Expenses $112,460 · Revenue $99,625

  • Approximately 60% of membership, including able-bodied and para/adaptive rowers, participates in introductory, recreational, and competitive rowing programs multiple times per week. Between 60-75 non-members participate in Learn to Row classes on an annual basis. Additional para and adaptive clinics are held in cooperation with local and regional nonprofit organizations for people with cognitive, physical, or visual impairments.

    Expenses $90,250 · Revenue $99,736

  • ANNUAL REGATTA ACTIVITIES HELD TO PROMOTE THE SPORT OF ROWING ON A LOCAL AND NATIONAL LEVEL. REGATTA HOSTED OVER 7,000 ATHLETES FROM ACROSS THE NATION OVER TWO DAYS WITH APPROXIMATELY 40 MEMBERS PARTICIPATING IN THE EVENT. ALL ATLANTA ROWING CLUB MEMBERS ARE REQUIRED TO VOLUNTEER FOR THE REGATTA. IN APRIL 2021, THE ANNUAL REGATTA, KNOWN AS THE HEAD OF THE HOOCH REGATTA, FORMALLY SEPARATED INTO ITS OWN CHARITABLE NONPROFIT, THE FRIENDS OF THE HOOCH INC. THE ATLANTA ROWING CLUB REMAINS AS A CO-HOSTING ORGANIZATION WITH AGREEMENTS FOR REGATTA PLANNING, MANAGEMENT, AND VOLUNTEERING AS WELL AS A LICENSE AGREEMENT FOR THE USE OF TRADEMARKS AND LOGOS.

    Expenses $7,977 · Revenue $50,000

As filed on the 2022 return.

Listed in Part VII

  • Jeff Barnett

    President

    Total calculated
    $0
    Hours/week
    8
  • Bleu Owens

    Vice President

    Total calculated
    $0
    Hours/week
    8
  • Kristen Fowks

    Vice President

    Total calculated
    $0
    Hours/week
    8
  • Mukesh Arora

    Treasurer

    Total calculated
    $0
    Hours/week
    8
  • Alice Kerber

    Secretary

    Total calculated
    $0
    Hours/week
    8

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303179349301825

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