Oak Ridge Rowing Assocation INC FY2023 filing

Tax-deductible

Oak Ridge, TN501(c)(3)EIN 62-1122376Revenue $727K in FY2023

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.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 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
$21K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$727K
+66% vs prior year
Spent
$680K
To programs
80%
Net assets
$233K
By yearFY2020–FY2024
Revenue
$727K
FY2023▲ +66%
Tap a bar for its year
Revenue by fiscal year
FY2020$311K
FY2021$437K
FY2023$727K
FY2024$705K
Expenses
$680K
FY2023▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2020$374K
FY2021$464K
FY2023$680K
FY2024$641K
Net assets
$233K
FY2023▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$237K
FY2021$210K
FY2023$233K
FY2024$297K

From the FY2023 Form 990 (year ending July 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

80 cents of each dollar spent went to programs.

Program services 80% · $543K Management & general 18% · $125K Fundraising 2% · $13K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman Emeritus
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Presidenttreasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$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 · $543K · in their own filed words · FY2022
01

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

$432Kprogram 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.

$74Kprogram expense
03

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

$37Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$727K
Ln 12
Fees for servicesLn 2g$541K
Gifts and grantsLn 1h$181K
Other incomeLn 4–11$5K
Money outPt IX
$680K
Ln 25
Programscol B$543K
Managementcol C$125K
Fundraisingcol D$13K
Owns and owesPt X
$233K
net assets · Ln 32
Cash and savingsLn 1–2$217K
Total assetsLn 16$254K
LiabilitiesLn 26$21K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$181K
Fees for servicesLn 2g$541K
Other incomeLn 4–11$5K
Total revenueLn 12$727K
Assets in detailPt X, end of year
CashLn 1$217K
Cash and savings togetherLn 1–2$217K
Land, buildings, equipmentLn 10c$36K
Total assetsLn 16$254K
LiabilitiesLn 26$21K
Net assetsLn 32$233K
OperationsPt I, VI
EmployeesI 513
VolunteersI 6300
Fiscal year endsHeaderJuly
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$168K$217K
Land, buildings, equipmentLn 10c$50K$36K
Total assetsLn 16$218K$254K
LiabilitiesLn 26$32K$21K
Net assetsLn 32$187K$233K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$177K$121K$56K
Payroll taxesLn 10$14K$9K$4K
Accounting feesLn 11c$13K$13K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$26K$26K
Information technologyLn 14$4K$4K
OccupancyLn 16$28K$23K$3K$1K
TravelLn 17$85K$72K$9K$4K
Conferences, conventions and meetingsLn 19$255$255
Depreciation, depletion and amortizationLn 22$14K$14K
InsuranceLn 23$24K$21K$2K$1K
Other expenses (24a–d)Ln 24$293K$283K$8K$2K
Total functional expensesLn 25$680K$543K$125K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $705K$641K$64K$297K 990 PDF
FY2023 Viewing $727K$680K$47K$233K 990 PDF
FY2022 Not on file
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $726,801 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $75,323$180,935
I-9 Program service revenuePrior year $471,332$540,829
I-10 Investment incomePrior year $3,786$0
I-11 Other revenuePrior year $8,043$5,037
I-12 Total revenuePrior year $558,484$726,801
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $196,276$190,595
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $385,605$489,705
I-18 Total expensesPrior year $581,881$680,300
I-19 Revenue less expensesPrior year −$23,397$46,501
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $726,801 across 6 lines filed
VIII-1b Membership dues$16,973
VIII-1f All other contributions, gifts and grants$163,962
VIII-1h Total contributions, gifts and grants$180,935
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $540,829$540,829
VIII-6 Net rental income or lossRelated to mission $5,037$5,037
VIII-12 Total revenueRelated to mission $545,866 · Unrelated business $0 · Excluded from tax $0$726,801
Part IX · Statement of functional expenses $680,300 across 12 lines filed
IX-7 Other salaries and wagesPrograms $120,914 · Management $56,131$177,045
IX-10 Payroll taxesPrograms $9,214 · Management $4,336$13,550
IX-11c Accounting feesManagement $12,741$12,741
IX-12 Advertising and promotionFundraising $3,550$3,550
IX-13 Office expensesManagement $26,029$26,029
IX-14 Information technologyManagement $3,816$3,816
IX-16 OccupancyPrograms $23,417 · Management $2,754 · Fundraising $1,378$27,549
IX-17 TravelPrograms $72,340 · Management $8,509 · Fundraising $4,254$85,103
IX-19 Conferences, conventions and meetingsManagement $255$255
IX-22 Depreciation, depletion and amortizationPrograms $13,726$13,726
IX-23 InsurancePrograms $20,583 · Management $2,422 · Fundraising $1,211$24,216
IX-24 Other expenses (24a–d)Programs $282,754 · Management $7,846 · Fundraising $2,120$292,720
IX-25 Total functional expensesPrograms $542,948 · Management $124,839 · Fundraising $12,513$680,300
Part X · Balance sheet $253,568 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $167,946$217,267
X-9 Prepaid expenses and deferred chargesStart of year $442$234
X-10c Land, buildings and equipment, netStart of year $49,793$36,067
X-16 Total assetsStart of year $218,181$253,568
X-17 Accounts payable and accrued expensesStart of year $18,991$20,523
X-26 Total liabilitiesStart of year $31,637$20,523
X-27 Net assets without donor restrictionsStart of year $186,544$233,045
X-32 Total net assets or fund balancesStart of year $186,544$233,045
X-33 Total liabilities and net assetsStart of year $218,181$253,568
Part XI · Reconciliation of net assets $233,045 net assets at year end
XI-1 Total revenue$726,801
XI-2 Total expenses$680,300
XI-3 Revenue less expenses$46,501
XI-4 Net assets at start of year$186,544
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$233,045

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

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