Bare Hill Rowing Association EIN 20-0519365

Bare Hill Rowing Association

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Offers competitive rowing for local high schoolers and recreational training for community residents. For fiscal year 2024 it reported $451K in revenue, $404K in expenses, and $577K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Harvard, MA
Website
barehillrowing.com
Filings
5 on file (2020–2024)
Revenue
$451KFY2024
Expenses
$404K
Net assets
$577K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-0519365 Public charity (501(c)(3)) Harvard, MA
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers competitive rowing for local high schoolers and recreational training for community residents.
Leadership
Hollis Hatton · Program Director · $45K
Money in and out
$451K revenue, $404K expenses
Bottom line
95% program efficiency
Where the money goes · FY2024
Total revenue
$451K
Pt VIII · Ln 12
Total expenses
$404K
Pt IX · Ln 25
Net assets
$577K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $47K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
9.5mo
months of highly liquid reserves at operating expense rate▲ +7% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▼ -47% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$451K
FY2024▼ -4%
Expenses
$404K
FY2024▲ +7%
Total assets
$584K
FY2024▲ +4%
Total liabilities
$7K
FY2024▼ -77%
Total revenue
$451K
Pt VIII · Ln 12
Total expenses
$404K
Pt IX · Ln 25
Net assets
$577K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$47K
Total assetsPt X · Ln 16$584K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $385K of program spending, described in the organization's own filed words · FY2024.
01

Provide a competitive rowing program for high school students and provide recreational rowing training for members of the community.

$385Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBare Hill Rowing Association
EINHdr · item D20-0519365
Principal addressHdr · item CHarvard, MA
WebsiteHdr · item Jbarehillrowing.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N67)
Ruling yearIRS BMFFeb 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Program Director
$44,872Pt VII · Sec A
Director
$1,302Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Hollis Hatton’s $45K as Program Director is at the 57th percentile of top reported officer pay among 1017 $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

NameFY2024FY2023FY2022FY2021FY2020
Hollis Hatton$44,872$48,205$52,372
Holly Hatton$48,872$48,773
Julie Nocka$1,302$5,250$9,000$9,875

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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Statement of Revenue

Part VIII
Program service revenue$361K · 80%
Contributions & grants$76K · 17%
Investment income$8K · 2%
Other revenue$6K · 1%
Program service revenue80%$361K
Contributions & grants17%$76K
Investment income2%$8K
Other revenue1%$6K
Total revenueLn 12$451K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$385K
Management & general5%$18K
Total functional expensesLn 25$404K

Balance Sheet

Part X · end of year
CashLn 1$319K
Total assetsLn 16$584K
Total liabilitiesLn 26$7K
Total net assetsLn 32$577K
Months of cash on handcomputed9.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $319K · Operating expenses/yr $404K
9.5 months
Where the money goes
Program services
Program services $385K · Total expenses $404K
95%
Management & General
Management & general $18K · Total expenses $404K
5%
Fundraising
Fundraising $0 · Total expenses $404K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $90K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $76K · Total revenue $451K
17%
Government reliance
Government grants — · Total revenue $451K
Earned-income share
Program service revenue $361K · Total revenue $451K
80%
Investment reliance
Investment income $8K · Total revenue $451K
+2%
Program self-sufficiency
Program service revenue $361K · Total expenses $404K
89%
Growth & trend
Revenue growth (YoY)
This year $451K · Prior year $471K
-4%
Revenue CAGR
FY2020 $269K · FY2024 $451K
+14%
Net-asset trend (YoY)
End of year $577K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $451K · Expenses $404K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $584K
Net-asset ratio
Net assets $577K · Total assets $584K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $584K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Hollis Hatton · Reported title PROGRAM DIRECTOR · Highest reported compensation $45K · Total expenses $404K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $194K · Total expenses $404K
48%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth -4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$2K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$451K revenue · viewing · ⤓ 990 PDF
FY2023$471K revenue · ⤓ 990 PDF
FY2022$417K revenue · ⤓ 990 PDF
FY2021$340K revenue · ⤓ 990 PDF
FY2020$269K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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