Sebastian River Rowing INC FY2024 filing

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To learn to work together as a team through competitions with other high school rowing clubs

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $12K a year · 7% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $6K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$155K
99% of total assets
Concern: liabilities are 99% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$162K
-11% vs prior year
Spent
$147K
To programs
100%
Net assets
$2K
By yearFY2021–FY2025
Revenue
$162K
FY2024▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2021$107K
FY2022$164K
FY2023$181K
FY2024$162K
FY2025$130K
Expenses
$147K
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$183K
FY2023$144K
FY2024$147K
FY2025$116K
Net assets
$2K
FY2024▲ +120%
Tap a bar for its year
Net assets by fiscal year
FY2021$32K
FY2022$19K
FY2023−$11K
FY2024$2K
FY2025$15K

From the FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2012.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $147K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Sebastian River Rowing INC executive salaries →

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

Organizes team rowing competitions for high school clubs to foster collaboration.

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1 program · $147K · in their own filed words · FY2023
01

To compete with other schools in the sport of rowing.

$147Kprogram 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 2 funders$6K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$162K
Ln 12
Fees for servicesLn 2g$97K
Other incomeLn 4–11$47K
Gifts and grantsLn 1h$18K
Money outPt IX
$147K
Ln 25
Programscol B$147K
Owns and owesPt X
$2K
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$157K
LiabilitiesLn 26$155K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18K
Government grantsLn 1e$6K
Fees for servicesLn 2g$97K
Investment incomeLn 3$1
Other incomeLn 4–11$47K
Gains on assetsLn 7$0
Total revenueLn 12$162K
Assets in detailPt X, end of year
CashLn 1$10K
SavingsLn 2$2K
Cash and savings togetherLn 1–2$12K
Accounts receivableLn 4$2K
Land, buildings, equipmentLn 10c$144K
Total assetsLn 16$157K
LiabilitiesLn 26$155K
Net assetsLn 32$2K
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$6K$12K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$120K$144K
Total assetsLn 16$129K$157K
LiabilitiesLn 26$140K$155K
Net assetsLn 32−$11K$2K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$47K$47K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$2K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$900$900
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$4K$4K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$22K$22K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$4K$4K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$33K$33K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$34K$34K
All other expensesLn 24e$0
Total functional expensesLn 25$147K$147K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Dec 18, 2025 $130K$116K$14K$15K 990 PDF
FY2024 ViewingFiled with the IRS Nov 18, 2025 $162K$147K$15K$2K 990 PDF
FY2023Filed with the IRS May 13, 2024 $181K$144K$37K−$11K 990 PDF
FY2022Filed with the IRS Dec 7, 2022 $164K$183K−$19K$19K 990 PDF
FY2021Filed with the IRS Jan 18, 2022 $107K$32K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $161,681 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $35,732$17,520
I-9 Program service revenuePrior year $103,017$96,718
I-10 Investment incomePrior year −$2,117$1
I-11 Other revenuePrior year $44,380$47,442
I-12 Total revenuePrior year $181,012$161,681
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $73,071$48,300
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $70,889$98,790
I-18 Total expensesPrior year $143,960$147,090
I-19 Revenue less expensesPrior year $37,052$14,591
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $161,681 across 10 lines filed
Lines not itemized here account for $47,442 of total revenue; see the IRS return.
VIII-1e Government grants$5,500
VIII-1f All other contributions, gifts and grants$12,020
VIII-1h Total contributions, gifts and grants$17,520
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $96,718$96,718
VIII-3 Investment incomeExcluded from tax $1$1
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $144,160 · Excluded from tax $1$161,681
Part IX · Statement of functional expenses $147,090 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $46,719$46,719
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $1,581$1,581
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $900$900
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $4,400$4,400
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $22,100$22,100
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $4,026$4,026
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $33,254$33,254
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $34,110$34,110
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $147,090 · Management $0 · Fundraising $0$147,090
Part X · Balance sheet $157,092 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $3,458$9,845
X-2 Savings and temporary cash investmentsStart of year $3,002$2,001
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $2,191$1,636
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $120,249$143,610
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $128,900$157,092
X-17 Accounts payable and accrued expensesStart of year $24,104$9,310
X-24 Unsecured notes and loans payableStart of year $116,284$145,434
X-25 Other liabilities$2
X-26 Total liabilitiesStart of year $140,388$154,746
X-27 Net assets without donor restrictionsStart of year −$11,488$2,346
X-32 Total net assets or fund balancesStart of year −$11,488$2,346
X-33 Total liabilities and net assetsStart of year $128,900$157,092
Part XI · Reconciliation of net assets $2,346 net assets at year end
XI-1 Total revenue$161,681
XI-2 Total expenses$147,090
XI-3 Revenue less expenses$14,591
XI-4 Net assets at start of year−$11,488
XI-9 Other changes in net assets−$757
XI-10 Net assets at end of year$2,346

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

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