Parati Competitive Rowing EIN 45-5618578 Form 990 (PDF) Claim this org

Parati Competitive Rowing

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Inspires teens to lifelong excellence through youth rowing programs. For fiscal year 2025 it reported $200K in revenue, $272K in expenses, and $66K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Spring, TX
Website
paratirowingthewoodlands.org
Filings
5 on file (2021–2025)
Revenue
$200KFY2025
Expenses
$272K
Net assets
$66K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-5618578 Public charity (501(c)(3)) Spring, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Inspires teens to lifelong excellence through youth rowing programs.
Leadership
Anthony Montano · Director
Money in and out
$200K revenue, $272K expenses
Bottom line
88% program efficiency
Where the money goes · FY2025
Total revenue
$200K
Pt VIII · Ln 12
Total expenses
$272K
Pt IX · Ln 25
Net assets
$66K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$71K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs
Operating runway
3.7mo
months of highly liquid reserves at operating expense rate▼ -55% vs prior filing year
Surplus margin
-36%
revenue over expenses, this year▼ -355% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$200K
FY2025▲ +32%
Expenses
$272K
FY2025▲ +32%
Total assets
$133K
FY2025▼ -31%
Total liabilities
$67K
FY2025▼ -9%
Total revenue
$200K
Pt VIII · Ln 12
Total expenses
$272K
Pt IX · Ln 25
Net assets
$66K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$71K
Total assetsPt X · Ln 16$133K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CParati Competitive Rowing
EINHdr · item D45-5618578
Principal addressHdr · item CSpring, TX
WebsiteHdr · item Jparatirowingthewoodlands.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N67)
Ruling yearIRS BMFNov 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Treasurersecretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Program Director
$0Pt VII · Sec A
Head Coach
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $240K of program spending, described in the organization's own filed words · FY2024.
01

Parati Competitive Rowing is a co-ed youth development team that services approximately 50 children each year competing at the local, regional, and national levels.

$240Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$181K · 90%
Program service revenue$17K · 9%
Other revenue$2K · 1%
Contributions & grants90%$181K
Program service revenue9%$17K
Other revenue1%$2K
Investment income$191
Total revenueLn 12$200K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$240K
Management & general12%$32K
Total functional expensesLn 25$272K

Balance Sheet

Part X · end of year
CashLn 1$11K
Total assetsLn 16$133K
Total liabilitiesLn 26$67K
Total net assetsLn 32$66K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $83K · Operating expenses/yr $272K
3.7 months
Where the money goes
Program services
Program services $240K · Total expenses $272K
88%
Management & General
Management & general $32K · Total expenses $272K
12%
Fundraising
Fundraising $0 · Total expenses $272K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $181K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $181K · Total revenue $200K
90%
Government reliance
Government grants — · Total revenue $200K
Earned-income share
Program service revenue $17K · Total revenue $200K
9%
Investment reliance
Investment income $191 · Total revenue $200K
+0.10%
Program self-sufficiency
Program service revenue $17K · Total expenses $272K
6%
Growth & trend
Revenue growth (YoY)
This year $200K · Prior year $152K
+32%
Revenue CAGR
FY2020 $146K · FY2024 $200K
+8%
Net-asset trend (YoY)
End of year $66K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $200K · Expenses $272K
-36%
Liabilities-to-Assets
Total liabilities — · Total assets $133K
Net-asset ratio
Net assets $66K · Total assets $133K
50%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $73K · Total assets (Pt X, ln 16) $133K
55%
People & payroll
Highest Reported Total Compensation
Individual Anthony Montano · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $272K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $272K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 0%
Revenue growth 32%
Accounting fee ratio 0.3%

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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$116
Grants paid · 1 grant · $7K · 2024–2024
Unitemized GrantFY2024$6,875

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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
FY2025 (Latest)$200K revenue · viewing · ⤓ 990 PDF
FY2024$152K revenue · ⤓ 990 PDF
FY2023$125K revenue · ⤓ 990 PDF
FY2022$169K revenue · ⤓ 990 PDF
FY2021$146K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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