Oak Ridge Rowing Assocation INC

Oak Ridge, TN · Public charity (501(c)(3))

✓ Tax-deductible
Revenue
$705K
-3% vs prior year
Spent
$641K
To programs
76%
Net assets
$297K
By yearFY2020–FY2024
Revenue
$705K
FY2024▼ -3%
Revenue by fiscal year
FY2020$311K
FY2021$437K
FY2023$727K
FY2024$705K
Expenses
$641K
FY2024▼ -6%
Expenses by fiscal year
FY2020$374K
FY2021$464K
FY2023$680K
FY2024$641K
Net assets
$297K
FY2024▲ +27%
Net assets by fiscal year
FY2020$237K
FY2021$210K
FY2023$233K
FY2024$297K

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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2024 — 3 yrs ago
Legal name (IRS)Hdr · item COak Ridge Rowing Assocation INC
EINHdr · item D62-1122376
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 1983
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item COak Ridge, TN
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.orra.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.22 Fundraising $0.02
Program services76%$489K
Management & general22%$142K
Fundraising2%$10K
Total functional expensesLn 25$641K

Financial health

Is it on solid ground?

Program efficiency
76%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
5.5mo
months of highly liquid reserves at operating expense rate▲ +45% vs prior filing year
Surplus margin
+9%
revenue over expenses, this year▲ +42% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$317K
FY2024▲ +25%
Total assets by fiscal year
FY2020$237K
FY2021$244K
FY2023$254K
FY2024$317K
Total liabilities
$20K
FY2024▼ -4%
Total liabilities by fiscal year
FY2020$41
FY2021$34K
FY2023$21K
FY2024$20K
Revenue less expensesPt I · Ln 19$64K
Total assetsPt X · Ln 16$317K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Balance Sheet

Part X · end of year
CashLn 1$294K
Total assetsLn 16$317K
Total liabilitiesLn 26$20K
Total net assetsLn 32$297K
Months of cash on handcomputed5.5

Statement of Revenue

Part VIII
Program service revenue$541K · 77%
Contributions & grants$155K · 22%
Other revenue$8K · 1%
Program service revenue77%$541K
Contributions & grants22%$155K
Other revenue1%$8K
Investment income$734
Total revenueLn 12$705K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $294K · Operating expenses/yr $641K
5.5 months
Where the money goes
Program services
Program services $489K · Total expenses $641K
76%
Management & General
Management & general $142K · Total expenses $641K
22%
Fundraising
Fundraising $10K · Total expenses $641K
2%
Cost to raise $1
Fundraising expense (2-yr avg) $11K · Solicited contributions (2-yr avg) $168K
$0.07 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $155K · Total revenue $705K
22%
Government reliance
Government grants — · Total revenue $705K
—
Earned-income share
Program service revenue $541K · Total revenue $705K
77%
Investment reliance
Investment income $734 · Total revenue $705K
+0.1%
Program self-sufficiency
Program service revenue $541K · Total expenses $641K
84%
Growth & trend
Revenue growth (YoY)
This year $705K · Prior year $727K
-3%
Revenue CAGR
FY2019 $311K · FY2023 $705K
+23%
Net-asset trend (YoY)
End of year $297K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $705K · Expenses $641K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $317K
—
Net-asset ratio
Net assets $297K · Total assets $317K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $317K
0%
People & payroll
Highest Reported Total Compensation
Individual Jon Neveu · Reported title Director · Highest reported compensation $0 · Total expenses $641K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $251K · Total expenses $641K
39%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%——
Overhead ratio 22%——
Fundraising cost ratio 6%——
Revenue growth -3%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 3%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Governance & Policies

Part VI
  • 12Voting board membersPt VI · Ln 1a
  • 12Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Promotes competitive rowing in Oak Ridge and East Tennessee.

Provided by the organization

This section is blank until Oak Ridge Rowing Assocation INC claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $489K of program spending, described in the organization's own filed words · FY2023.
01

Provided regatta faciliaties and coordinated regattas, as well as provided an introduction to the sport and training to members of the community.

$389Kprogram expense
02

Atomic rowing programs serve a wide range of age groups, including both youth and adult rowers, and are designed to help increase rowing fundamentals, develop physical fitness, and increase rowing performance.

$67Kprogram expense
03

Host spring training programs and camps for visiting crews from around the country.

$34Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$54

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $705K$641K-3% 990 PDF
FY2023 $727K$680K+66% 990 PDF
FY2022 Not on file
FY2021 $437K$464K+41% 990 PDF
FY2020 $311K$374K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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