To provide an opportunity for the general public to learn Rowing and offer free use Rowing classes for high school students from the ma communities of somerville, malden and everett.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
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
1 of 4
filings with a surplus
Average deficit $9K a year · 3% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $67
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$385K
78% of total assets
Worth a look: liabilities are 78% of assets; over 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$280K
+22% vs prior year
Spent
$313K
To programs
96%
Net assets
$108K
By yearFY2020–FY2025
Revenue
$280K
FY2023▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$115K
FY2021$193K
FY2022$230K
FY2023$280K
FY2024$325K
FY2025$432K
Expenses
$313K
FY2023▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$261K
FY2023$313K
FY2024$348K
FY2025$379K
Net assets
$108K
FY2023▼ -23%
Tap a bar for its year
Net assets by fiscal year
FY2020$174K
FY2021$172K
FY2022$141K
FY2023$108K
FY2024$85K
FY2025$118K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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 May 2004.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $299K Management & general 3% · $11K Fundraising 1% · $3K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Richard Whelan’s $53K as Past Director is at the 65th 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 · 1 named individual · Part VII

NameFY2022FY2021FY2020
Richard Whelan$53,129$17,364$16,820

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.

See Liberty Rowing INC 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

Teaches rowing to the public and offers free classes for local high school students.

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Provided by the organization

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1 program · $299K · in their own filed words · FY2023
01

To provide an opportunity for the general public to learn rowing and offers free use rowing classes for high school students from the ma communities of somerville, malden and everett.

$299Kprogram 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$67

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$280K
Ln 12
Fees for servicesLn 2g$188K
Gifts and grantsLn 1h$90K
Investment incomeLn 3$3K
Money outPt IX
$313K
Ln 25
Programscol B$299K
Managementcol C$11K
Fundraisingcol D$3K
Owns and owesPt X
$108K
net assets · Ln 32
Cash and savingsLn 1–2$166K
Total assetsLn 16$493K
LiabilitiesLn 26$385K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$90K
Fees for servicesLn 2g$188K
Investment incomeLn 3$3K
Gains on assetsLn 7$3K
Total revenueLn 12$280K
Assets in detailPt X, end of year
CashLn 1$69K
SavingsLn 2$97K
Cash and savings togetherLn 1–2$166K
Land, buildings, equipmentLn 10c$308K
Other assetsLn 15$15K
Total assetsLn 16$493K
LiabilitiesLn 26$385K
Net assetsLn 32$108K
OperationsPt I, VI
EmployeesI 521
VolunteersI 650
Fiscal year endsHeaderDecember
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$281K$166K
Land, buildings, equipmentLn 10c$247K$308K
Total assetsLn 16$530K$493K
LiabilitiesLn 26$389K$385K
Net assetsLn 32$141K$108K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$114K$114K
Other employee benefitsLn 9$1K$1K
Payroll taxesLn 10$10K$10K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$9K$8K$1K
Office expensesLn 13$2K$364$2K
Information technologyLn 14$728$364$364
OccupancyLn 16$7K$7K
InterestLn 20$10K$10K
Depreciation, depletion and amortizationLn 22$88K$88K
InsuranceLn 23$13K$13K$770
Other expenses (24a–d)Ln 24$44K$44K
All other expensesLn 24e$5K$4K$317
Total functional expensesLn 25$313K$299K$11K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $432K$379K$53K$118K 990 PDF
FY2024 $325K$348K−$23K$85K 990 PDF
FY2023 Viewing $280K$313K−$33K$108K 990 PDF
FY2022 $230K$261K−$31K$141K 990 PDF
FY2021 $193K$172K 990 PDF
FY2020 $115K$174K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $280,267 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $77,477$89,742
I-9 Program service revenuePrior year $137,404$187,509
I-10 Investment incomePrior year $15,073$3,016
I-11 Other revenue$0
I-12 Total revenuePrior year $229,954$280,267
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $121,246$125,336
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $139,966$187,834
I-18 Total expensesPrior year $261,212$313,170
I-19 Revenue less expensesPrior year −$31,258−$32,903
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $280,267 across 6 lines filed
VIII-1f All other contributions, gifts and grants$89,742
VIII-1h Total contributions, gifts and grants$89,742
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $187,509$187,509
VIII-3 Investment incomeExcluded from tax $16$16
VIII-7 Net gain or loss on sales of assetsRelated to mission $3,000$3,000
VIII-12 Total revenueRelated to mission $190,509 · Excluded from tax $16$280,267
Part IX · Statement of functional expenses $313,170 across 14 lines filed
IX-7 Other salaries and wagesPrograms $113,838$113,838
IX-9 Other employee benefitsPrograms $1,333$1,333
IX-10 Payroll taxesPrograms $10,165$10,165
IX-11c Accounting feesManagement $7,250$7,250
IX-11g Other fees for servicesManagement $1,610$1,610
IX-12 Advertising and promotionPrograms $8,192 · Fundraising $1,122$9,314
IX-13 Office expensesManagement $364 · Fundraising $1,860$2,224
IX-14 Information technologyManagement $364 · Fundraising $364$728
IX-16 OccupancyPrograms $6,600$6,600
IX-20 InterestPrograms $9,837$9,837
IX-22 Depreciation, depletion and amortizationPrograms $87,673$87,673
IX-23 InsurancePrograms $12,729 · Management $770$13,499
IX-24 Other expenses (24a–d)Programs $44,467$44,467
IX-24e All other expensesPrograms $4,315 · Management $317$4,632
IX-25 Total functional expensesPrograms $299,149 · Management $10,675 · Fundraising $3,346$313,170
Part X · Balance sheet $493,361 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $64,743$69,139
X-2 Savings and temporary cash investmentsStart of year $216,224$97,150
X-4 Accounts receivableStart of year $1,095$3,720
X-10c Land, buildings and equipment, netStart of year $247,446$308,352
X-15 Other assets$15,000
X-16 Total assetsStart of year $529,508$493,361
X-17 Accounts payable and accrued expensesStart of year $15,250$7,500
X-25 Other liabilitiesStart of year $31,542$36,048
X-26 Total liabilitiesStart of year $388,692$385,448
X-27 Net assets without donor restrictionsStart of year $140,816$107,913
X-32 Total net assets or fund balancesStart of year $140,816$107,913
X-33 Total liabilities and net assetsStart of year $529,508$493,361
Part XI · Reconciliation of net assets $107,913 net assets at year end
XI-1 Total revenue$280,267
XI-2 Total expenses$313,170
XI-3 Revenue less expenses−$32,903
XI-4 Net assets at start of year$140,816
XI-10 Net assets at end of year$107,913

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

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