Michigan Rowing Association

Tax-deductible

Ann Arbor, MI501(c)(3)EIN 38-2424611

The michigan rowing association (mra) is an organization that primarily furthers and supports the sport of rowing for the university of michigan rowing team (umrt), and supports rowing in the ann arbor, michigan community. The organization is tied to the university of michigan rowing team in that the income incurred by the program falls under the auspices of mra. Mra was formed since IT was seen as a more stable organization than umrt. For liability reasons mra does not hold the title to the umrt equipment. Any equipment purchased in relation to umrt is immediately donated to umrt. Mra collects program service fees to pay for the coaches, equipment, and for insurance.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 8 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $182K a year · 38% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $155K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.5M
70% of total assets
Worth a look: liabilities are 70% of assets; over 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$787K
-12% vs prior year
Spent
$436K
To programs
75%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$787K
FY2024▼ -12%
Revenue by fiscal year
FY2020$167K
FY2021$209K
FY2022$328K
FY2023$890K
FY2024$787K
Expenses
$436K
FY2024▼ -8%
Expenses by fiscal year
FY2020$164K
FY2021$138K
FY2022$258K
FY2023$475K
FY2024$436K
Net assets
$1.1M
FY2024▲ +50%
Net assets by fiscal year
FY2020$155K
FY2021$229K
FY2022$297K
FY2023$710K
FY2024$1.1M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1985.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $325K Management & general 22% · $98K Fundraising 3% · $13K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Alumni Relations Sec
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Michigan Rowing Association 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

Supports and furthers the sport of rowing for the University of Michigan team and the Ann Arbor community.

Provided by the organization

This section is blank until Michigan Rowing Association claims this page.

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1 program service account for $325K of program spending, described in the organization's own filed words · FY2024.
01

The Michigan Rowing Association (MRA) is an organization that primarily furthers and supports the sport of rowing for the University of Michigan Rowing Team (UMRT), and supports rowing in the Ann Arbor, Michigan Community.

$325Kprogram expense

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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 · FY2024
See all 6 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$787K
Ln 12
Gifts and grantsLn 1h$756K
Other incomeLn 4–11$30K
Investment incomeLn 3$1K
Money outPt IX
$436K
Ln 25
Programscol B$325K
Managementcol C$98K
Fundraisingcol D$13K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$158K
Total assetsLn 16$3.6M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$756K
Investment incomeLn 3$1K
Other incomeLn 4–11$30K
Total revenueLn 12$787K
Assets in detailPt X, end of year
CashLn 1$154K
SavingsLn 2$4K
Cash and savings togetherLn 1–2$158K
InvestmentsLn 11–13$17K
Land, buildings, equipmentLn 10c$3.4M
Other assetsLn 15$0
Total assetsLn 16$3.6M
LiabilitiesLn 26$2.5M
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 52
VolunteersI 68
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 FY24End FY24
Cash and savingsLn 1–2$198K$158K
InvestmentsLn 11–13$406K$17K
Land, buildings, equipmentLn 10c$62K$3.4M
Total assetsLn 16$710K$3.6M
LiabilitiesLn 26$0$2.5M
Net assetsLn 32$710K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$29K$29K
Payroll taxesLn 10$2K$2K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$7K$7K
Investment management feesLn 11f$12K$12K
Other fees for servicesLn 11g$76K$71K$5K
Office expensesLn 13$6K$6K$154$308
Information technologyLn 14$17$15$1$1
OccupancyLn 16$65K$61K$2K$3K
InterestLn 20$74K$69K$2K$4K
Depreciation, depletion and amortizationLn 22$42K$42K
InsuranceLn 23$1K$1K$37$73
Other expenses (24a–d)Ln 24$116K$116K$7$15
All other expensesLn 24e$50$46$1$3
Total functional expensesLn 25$436K$325K$98K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $787K$436K$351K$1.1M 990 PDF
FY2023 $890K$475K$415K$710K 990 PDF
FY2022 $328K$258K$69K$297K 990 PDF
FY2021 $209K$138K$71K$229K 990 PDF
FY2020 $167K$164K$2K$155K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $786,790 across 6 lines filed
VIII-1b Membership dues$103,829
VIII-1f All other contributions, gifts and grants$652,269
VIII-1h Total contributions, gifts and grants$756,098
VIII-3 Investment incomeExcluded from tax $1,074$1,074
VIII-6 Net rental income or lossUnrelated business $29,618$29,618
VIII-12 Total revenueRelated to mission $0 · Unrelated business $29,618 · Excluded from tax $1,074$786,790
Part IX · Statement of functional expenses $435,657 across 14 lines filed
IX-7 Other salaries and wagesPrograms $29,000$29,000
IX-10 Payroll taxesPrograms $2,274$2,274
IX-11b Legal feesManagement $4,528$4,528
IX-11c Accounting feesManagement $6,682$6,682
IX-11f Investment management feesManagement $12,000$12,000
IX-11g Other fees for servicesManagement $70,830 · Fundraising $5,153$75,983
IX-13 Office expensesPrograms $5,697 · Management $154 · Fundraising $308$6,159
IX-14 Information technologyPrograms $15 · Management $1 · Fundraising $1$17
IX-16 OccupancyPrograms $60,546 · Management $1,636 · Fundraising $3,273$65,455
IX-20 InterestPrograms $68,865 · Management $1,861 · Fundraising $3,723$74,449
IX-22 Depreciation, depletion and amortizationPrograms $41,724$41,724
IX-23 InsurancePrograms $1,347 · Management $37 · Fundraising $73$1,457
IX-24 Other expenses (24a–d)Programs $115,857 · Management $7 · Fundraising $15$115,879
IX-24e All other expensesPrograms $46 · Management $1 · Fundraising $3$50
IX-25 Total functional expensesPrograms $325,371 · Management $97,737 · Fundraising $12,549$435,657
Part X · Balance sheet $3,573,740 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $114,782$153,749
X-2 Savings and temporary cash investmentsStart of year $83,473$4,269
X-10c Land, buildings and equipment, netStart of year $61,878$3,399,220
X-11 Publicly traded securitiesStart of year $405,788$16,502
X-15 Other assetsStart of year $43,750$0
X-16 Total assetsStart of year $709,671$3,573,740
X-25 Other liabilitiesStart of year $0$15,833
X-26 Total liabilitiesStart of year $0$2,507,311
X-27 Net assets without donor restrictionsStart of year $709,671$1,066,429
X-32 Total net assets or fund balancesStart of year $709,671$1,066,429
X-33 Total liabilities and net assetsStart of year $709,671$3,573,740
Part XI · Reconciliation of net assets $1,066,429 net assets at year end
XI-1 Total revenue$786,790
XI-2 Total expenses$435,657
XI-3 Revenue less expenses$351,133
XI-4 Net assets at start of year$709,671
XI-5 Net unrealized gains (losses) on investments$5,626
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,066,429

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

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