Bare Hill Rowing Association EIN 20-0519365 Form 990 (PDF) Claim this org

Bare Hill Rowing Association FY2020 filing

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Offers competitive rowing for local high schoolers and recreational training for community residents. For fiscal year 2020 it reported $269K in revenue, $275K in expenses, and $352K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Harvard, MA
Website
barehillrowing.com
Filings
5 on file (2020–2020)
Revenue
$269KFY2020
Expenses
$275K
Net assets
$352K
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-0519365 Public charity (501(c)(3)) Harvard, MA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Offers competitive rowing for local high schoolers and recreational training for community residents.
Leadership
Holly Hatton · Program Director · $49K
Money in and out
$269K revenue, $275K expenses
Bottom line
94% program efficiency
Where the money goes · FY2020
Total revenue
$269K
Pt VIII · Ln 12
Total expenses
$275K
Pt IX · Ln 25
Net assets
$352K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs
Operating runway
6.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$269K
FY2020
Expenses
$275K
FY2020
Total assets
$362K
FY2020
Total liabilities
$10K
FY2020
Total revenue
$269K
Pt VIII · Ln 12
Total expenses
$275K
Pt IX · Ln 25
Net assets
$352K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7K
Total assetsPt X · Ln 16$362K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 49

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 1a10
Independent voting membersPt VI · Ln 1b9
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Program Director
$48,773Pt VII · Sec A
Director
$9,875Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-President
$0Pt VII · Sec A
Co-President
$0Pt VII · Sec A
Director
$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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Mission & Programs · Part III

Where the work happens

1 program service account for $260K of program spending, described in the organization's own filed words · FY2020.
01

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

$260Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$210K · 78%
Contributions & grants$58K · 22%
Program service revenue78%$210K
Contributions & grants22%$58K
Investment income$117
Other revenue$404
Total revenueLn 12$269K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$260K
Management & general6%$15K
Total functional expensesLn 25$275K

Balance Sheet

Part X · end of year
CashLn 1$141K
Total assetsLn 16$362K
Total liabilitiesLn 26$10K
Total net assetsLn 32$352K
Months of cash on handcomputed6.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $141K · Operating expenses/yr $275K
6.1 months
Where the money goes
Program services
Program services $260K · Total expenses $275K
94%
Management & General
Management & general $15K · Total expenses $275K
6%
Fundraising
Fundraising $0 · Total expenses $275K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $58K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $58K · Total revenue $269K
22%
Government reliance
Government grants — · Total revenue $269K
Earned-income share
Program service revenue $210K · Total revenue $269K
78%
Investment reliance
Investment income $117 · Total revenue $269K
+0.04%
Program self-sufficiency
Program service revenue $210K · Total expenses $275K
76%
Growth & trend
Revenue growth (YoY)
This year $269K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $352K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $269K · Expenses $275K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $362K
Net-asset ratio
Net assets $352K · Total assets $362K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $362K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Holly Hatton · Reported title PROGRAM DIRECTOR · Highest reported compensation $49K · Total expenses $275K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $157K · Total expenses $275K
57%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Accounting fee ratio 1%

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 · ⤓ 990 PDF
FY2023$471K revenue · ⤓ 990 PDF
FY2022$417K revenue · ⤓ 990 PDF
FY2021$340K revenue · ⤓ 990 PDF
FY2020$269K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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