Toledo Rowing Foundation FY2023 filing

Tax-deductible

Toledo, OH501(c)(3)EIN 34-1454102Revenue $17K in FY2023

On file with the IRSPo Box 8072, 43605-0072 · Toledo, OHTax-exempt since Dec 1984Publicly supported charity — 170(b)(1)(A)(vi)

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To foster sports competition.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2023 · 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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $5K a year · 21% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $27K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17K
+29% vs prior year
Spent
$29K
To programs
0%
Net assets
$340K
By yearFY2020–FY2026
Revenue
$17K
FY2023▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2020$2K
FY2021$22K
FY2022$13K
FY2023$17K
FY2025$67K
FY2026$27K
Expenses
$29K
FY2023▲ +282%
Tap a bar for its year
Expenses by fiscal year
FY2020$4K
FY2021$11K
FY2022$8K
FY2023$29K
FY2025$38K
FY2026$26K
Net assets
$340K
FY2023▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$336K
FY2021$347K
FY2022$352K
FY2023$340K
FY2025$263K
FY2026$278K

From the FY2023 Form 990 (year ending September 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Dec 1984.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $29K

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

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
See Toledo Rowing Foundation executive salaries →

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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

Toledo Rowing Foundation is a nonprofit based in Toledo, OH.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Regatta, shell rowing races, and other amatear sports competitions

Pt IX · col B

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$27K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$17K
Ln 12
Gifts and grantsLn 1h$17K
Money outPt IX
$29K
Ln 25
Managementcol C$29K
Owns and owesPt X
$340K
net assets · Ln 32
Cash and savingsLn 1–2$18K
Total assetsLn 16$340K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17K
Total revenueLn 12$17K
Assets in detailPt X, end of year
CashLn 1$18K
Cash and savings togetherLn 1–2$18K
Land, buildings, equipmentLn 10c$8K
Other assetsLn 15$306K
Total assetsLn 16$340K
LiabilitiesLn 26$0
Net assetsLn 32$340K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderSeptember
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 FY23End FY23
Cash and savingsLn 1–2$30K$18K
Land, buildings, equipmentLn 10c$8K$8K
Total assetsLn 16$352K$340K
LiabilitiesLn 26$0$0
Net assetsLn 32$352K$340K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$223$223
Information technologyLn 14$293$293
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$20K$20K
Total functional expensesLn 25$29K$0$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $27K$26K$910$278K 990 PDF
FY2025 $67K$38K$28K$263K 990 PDF
FY2024 Not on file
FY2023 Viewing $17K$29K−$12K$340K 990 PDF
FY2022 $13K$8K$5K$352K 990 PDF
FY2021 $22K$11K$11K$347K 990 PDF
FY2020 $2K$4K−$2K$336K 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 FY2023 990 (6 parts)
Part I · Summary $16,913 revenue, 12 lines filed
I-8 Contributions and grants$16,913
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$16,913
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$29,238
I-18 Total expenses$29,238
I-19 Revenue less expenses−$12,325
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
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 $16,913 across 3 lines filed
VIII-1f All other contributions, gifts and grants$16,913
VIII-1h Total contributions, gifts and grants$16,913
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$16,913
Part IX · Statement of functional expenses $29,238 across 4 lines filed
IX-13 Office expensesManagement $223$223
IX-14 Information technologyManagement $293$293
IX-23 InsuranceManagement $8,396$8,396
IX-24 Other expenses (24a–d)Management $20,326$20,326
IX-25 Total functional expensesPrograms $0 · Management $29,238 · Fundraising $0$29,238
Part X · Balance sheet $339,911 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $30,048$17,723
X-9 Prepaid expenses and deferred chargesStart of year $8,000$8,000
X-10c Land, buildings and equipment, netStart of year $7,729$7,729
X-15 Other assetsStart of year $306,459$306,459
X-16 Total assetsStart of year $352,236$339,911
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $352,236$339,911
X-33 Total liabilities and net assetsStart of year $352,236$339,911
Part XI · Reconciliation of net assets $339,911 net assets at year end
XI-1 Total revenue$16,913
XI-2 Total expenses$29,238
XI-3 Revenue less expenses−$12,325
XI-4 Net assets at start of year$352,236
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$339,911

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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