Great Bay Rowing INC

Tax-deductible

Durham, NH501(c)(3)Recreation & SportsEIN 02-0509611Revenue $255K in FY2024

On file with the IRSgreatbayrowing.orgPo Box 846, 03824-0846 · Durham, NHTax-exempt since Jul 2002Publicly supported charity — 170(b)(1)(A)(vi)

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Great Bay Rowing INC. Is organized to develop junior and senior Rowing in the seacoast of new hampshire area, and to foster and promote amateur, national and international competitive opportunities for association members.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 50 volunteers and 9 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $20K a year · 8% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2K
to officers and key staff · 0.7% of spending
Top officer’s pay lower than 95% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $32
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$23K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$255K
-1% vs prior year
Spent
$279K
To programs
87%
Net assets
$204K
By yearFY2020–FY2024
Revenue
$255K
FY2024▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$161K
FY2021$249K
FY2022$255K
FY2023$258K
FY2024$255K
Expenses
$279K
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$173K
FY2022$221K
FY2023$264K
FY2024$279K
Net assets
$204K
FY2024▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2020$124K
FY2021$200K
FY2022$235K
FY2023$228K
FY2024$204K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $243K Management & general 7% · $21K Fundraising 6% · $16K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $2K paid to officers and key staff.

Part VII, Section A · reportable compensation
$1,920Pt VII · Sec A
Secretary
$40Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Parent Representative
$0Pt VII · Sec A
Parent Representative
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Renate Raeder’s $2K as Director is at the 5th percentile of top reported officer pay among 1016 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023
Natalie Grimm$40$6,095
Renate Raeder$1,920$850
Frederick S Loucks—$1,850

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops and promotes rowing for all ages, fostering competitive opportunities.

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Provided by the organization

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1 program · $243K · in their own filed words · FY2024
01

The great bay rowing club (GBR), founded in 1997, is a non-profit, community based organization developed to foster interest in the sport of rowing in the seacoast region of new hampshire and maine at both the masters and junior level.

$243Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$32

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$255K
Ln 12
Fees for servicesLn 2g$218K
Gifts and grantsLn 1h$28K
Other incomeLn 4–11$7K
Money outPt IX
$279K
Ln 25
Programscol B$243K
Managementcol C$21K
Fundraisingcol D$16K
Owns and owesPt X
$204K
net assets · Ln 32
Cash and savingsLn 1–2$105K
Total assetsLn 16$227K
LiabilitiesLn 26$23K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$28K
Government grantsLn 1e$7K
Fees for servicesLn 2g$218K
Investment incomeLn 3$2K
Other incomeLn 4–11$7K
Total revenueLn 12$255K
Assets in detailPt X, end of year
CashLn 1$105K
Cash and savings togetherLn 1–2$105K
Land, buildings, equipmentLn 10c$121K
Other assetsLn 15$800
Total assetsLn 16$227K
LiabilitiesLn 26$23K
Net assetsLn 32$204K
OperationsPt I, VI
EmployeesI 59
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$122K$105K
Land, buildings, equipmentLn 10c$143K$121K
Total assetsLn 16$265K$227K
LiabilitiesLn 26$37K$23K
Net assetsLn 32$228K$204K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$72K$72K
Payroll taxesLn 10$6K$6K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$44K$28K$16K
Advertising and promotionLn 12$394$310$84
Office expensesLn 13$428$428
Information technologyLn 14$21$21
OccupancyLn 16$12K$12K
TravelLn 17$11K$11K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$36K$36K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$52K$52K
All other expensesLn 24e$12K$12K
Total functional expensesLn 25$279K$243K$21K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $255K$279K−$24K$204K 990 PDF
FY2023 $258K$264K−$6K$228K 990 PDF
FY2022 $255K$221K$34K$235K 990 PDF
FY2021 $249K$173K$76K$200K 990 PDF
FY2020 $161K$124K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $254,822 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $26,654$27,845
I-9 Program service revenuePrior year $210,259$217,913
I-10 Investment incomePrior year $4,686$1,748
I-11 Other revenuePrior year $15,968$7,316
I-12 Total revenuePrior year $257,567$254,822
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $87,823$77,679
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $176,209$201,438
I-18 Total expensesPrior year $264,032$279,117
I-19 Revenue less expensesPrior year −$6,465−$24,295
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $254,822 across 9 lines filed
VIII-1b Membership dues$17,325
VIII-1e Government grants$6,889
VIII-1f All other contributions, gifts and grants$3,631
VIII-1h Total contributions, gifts and grants$27,845
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $217,913$217,913
VIII-3 Investment incomeExcluded from tax $1,748$1,748
VIII-8 Net income from fundraising eventsExcluded from tax $1,335$1,335
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,981$5,981
VIII-12 Total revenueRelated to mission $223,894 · Unrelated business $0 · Excluded from tax $3,083$254,822
Part IX · Statement of functional expenses $279,117 across 15 lines filed
IX-7 Other salaries and wagesPrograms $72,127$72,127
IX-10 Payroll taxesPrograms $5,552$5,552
IX-11b Legal feesManagement $7,868$7,868
IX-11c Accounting feesManagement $10,314$10,314
IX-11g Other fees for servicesPrograms $28,001 · Fundraising $15,750$43,751
IX-12 Advertising and promotionPrograms $310 · Fundraising $84$394
IX-13 Office expensesPrograms $428$428
IX-14 Information technologyPrograms $21$21
IX-16 OccupancyPrograms $11,890$11,890
IX-17 TravelPrograms $11,209$11,209
IX-20 InterestManagement $2,565$2,565
IX-22 Depreciation, depletion and amortizationPrograms $35,811$35,811
IX-23 InsurancePrograms $12,595$12,595
IX-24 Other expenses (24a–d)Programs $52,480$52,480
IX-24e All other expensesPrograms $12,112$12,112
IX-25 Total functional expensesPrograms $242,536 · Management $20,747 · Fundraising $15,834$279,117
Part X · Balance sheet $226,733 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $121,652$105,204
X-10c Land, buildings and equipment, netStart of year $142,766$120,729
X-15 Other assetsStart of year $800$800
X-16 Total assetsStart of year $265,218$226,733
X-25 Other liabilitiesStart of year $36,996$22,806
X-26 Total liabilitiesStart of year $36,996$22,806
X-32 Total net assets or fund balancesStart of year $228,222$203,927
X-33 Total liabilities and net assetsStart of year $265,218$226,733
Part XI · Reconciliation of net assets $203,927 net assets at year end
XI-1 Total revenue$254,822
XI-2 Total expenses$279,117
XI-3 Revenue less expenses−$24,295
XI-4 Net assets at start of year$228,222
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$203,927

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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