Oak Ridge Rowing Assocation INC FY2021 filing

Tax-deductible

Oak Ridge, TN501(c)(3)EIN 62-1122376Revenue $437K in FY2021

On file with the IRSorra.org697 Melton Lake Dr, 37830-7251 · Oak Ridge, TNTax-exempt since Feb 1983Publicly supported — 509(a)(2)

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To promote the competitive sport of Rowing in Oak Ridge and east tennessee

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
2 of 4
filings with a surplus
Average surplus $5K a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $54
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$34K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$437K
+41% vs prior year
Spent
$464K
To programs
70%
Net assets
$210K
By yearFY2020–FY2024
Revenue
$437K
FY2021▲ +41%
Tap a bar for its year
Revenue by fiscal year
FY2020$311K
FY2021$437K
FY2023$727K
FY2024$705K
Expenses
$464K
FY2021▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$374K
FY2021$464K
FY2023$680K
FY2024$641K
Net assets
$210K
FY2021▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020$237K
FY2021$210K
FY2023$233K
FY2024$297K

From the FY2021 Form 990 (year ending September 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1983.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $324K Management & general 30% · $140K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Oak Ridge Rowing Assocation 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

Promotes competitive rowing in Oak Ridge and East Tennessee.

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Provided by the organization

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3 programs · $324K · in their own filed words · FY2020
01

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

$239Kprogram 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 fundamendals, develop physical fitness, and increase rowing performance.

$80Kprogram expense
03

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

$5Kprogram 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$54

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$437K
Ln 12
Fees for servicesLn 2g$315K
Gifts and grantsLn 1h$75K
Other incomeLn 4–11$44K
Money outPt IX
$464K
Ln 25
Programscol B$324K
Managementcol C$140K
Owns and owesPt X
$210K
net assets · Ln 32
Cash and savingsLn 1–2$182K
Total assetsLn 16$244K
LiabilitiesLn 26$34K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$75K
Fees for servicesLn 2g$315K
Investment incomeLn 3$3K
Other incomeLn 4–11$44K
Gains on assetsLn 7$3K
Total revenueLn 12$437K
Assets in detailPt X, end of year
CashLn 1$182K
Cash and savings togetherLn 1–2$182K
Land, buildings, equipmentLn 10c$58K
Other assetsLn 15$0
Total assetsLn 16$244K
LiabilitiesLn 26$34K
Net assetsLn 32$210K
OperationsPt I, VI
EmployeesI 513
VolunteersI 6300
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 FY21End FY21
Cash and savingsLn 1–2$168K$182K
Land, buildings, equipmentLn 10c$67K$58K
Total assetsLn 16$237K$244K
LiabilitiesLn 26$41$34K
Net assetsLn 32$237K$210K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$143K$100K$43K
Payroll taxesLn 10$1K$702$300
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$748$748
Office expensesLn 13$8K$8K
OccupancyLn 16$46K$35K$11K
TravelLn 17$30K$30K
Depreciation, depletion and amortizationLn 22$60K$60K
InsuranceLn 23$17K$8K$8K
Other expenses (24a–d)Ln 24$135K$111K$24K
All other expensesLn 24e$17K$9K$8K
Total functional expensesLn 25$464K$324K$140K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $705K$641K$64K$297K 990 PDF
FY2023 $727K$680K$47K$233K 990 PDF
FY2022 Not on file
FY2021 Viewing $437K$464K−$27K$210K 990 PDF
FY2020 $311K$374K−$63K$237K 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 FY2021 990 (6 parts)
Part I · Summary $437,074 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $46,063$75,040
I-9 Program service revenuePrior year $217,849$314,691
I-10 Investment incomePrior year $2,600$3,253
I-11 Other revenuePrior year $44,187$44,090
I-12 Total revenuePrior year $310,699$437,074
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $140,864$144,408
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $233,137$320,037
I-18 Total expensesPrior year $374,001$464,445
I-19 Revenue less expensesPrior year −$63,302−$27,371
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $437,074 across 9 lines filed
VIII-1b Membership dues$47,479
VIII-1f All other contributions, gifts and grants$27,561
VIII-1h Total contributions, gifts and grants$75,040
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $314,691$314,691
VIII-3 Investment incomeRelated to mission $737$737
VIII-6 Net rental income or lossRelated to mission $5,460$5,460
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,516$2,516
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $38,630$38,630
VIII-12 Total revenueRelated to mission $362,034 · Unrelated business $0 · Excluded from tax $0$437,074
Part IX · Statement of functional expenses $464,445 across 11 lines filed
IX-7 Other salaries and wagesPrograms $100,384 · Management $43,022$143,406
IX-10 Payroll taxesPrograms $702 · Management $300$1,002
IX-11c Accounting feesManagement $5,690$5,690
IX-12 Advertising and promotionManagement $748$748
IX-13 Office expensesManagement $8,475$8,475
IX-16 OccupancyPrograms $35,153 · Management $10,900$46,053
IX-17 TravelManagement $30,388$30,388
IX-22 Depreciation, depletion and amortizationPrograms $59,779$59,779
IX-23 InsurancePrograms $8,480 · Management $8,480$16,960
IX-24 Other expenses (24a–d)Programs $110,744 · Management $24,116$134,860
IX-24e All other expensesPrograms $9,209 · Management $7,875$17,084
IX-25 Total functional expensesPrograms $324,451 · Management $139,994 · Fundraising $0$464,445
Part X · Balance sheet $243,724 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $167,646$181,562
X-4 Accounts receivable$3,925
X-9 Prepaid expenses and deferred chargesStart of year $412$442
X-10c Land, buildings and equipment, netStart of year $67,447$57,795
X-15 Other assetsStart of year $1,848$0
X-16 Total assetsStart of year $237,353$243,724
X-25 Other liabilitiesStart of year $41$33,783
X-26 Total liabilitiesStart of year $41$33,783
X-27 Net assets without donor restrictionsStart of year $237,312$209,941
X-32 Total net assets or fund balancesStart of year $237,312$209,941
X-33 Total liabilities and net assetsStart of year $237,353$243,724
Part XI · Reconciliation of net assets $209,941 net assets at year end
XI-1 Total revenue$437,074
XI-2 Total expenses$464,445
XI-3 Revenue less expenses−$27,371
XI-4 Net assets at start of year$237,312
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$209,941

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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