Intercollegiate Rowing Association INC

Tax-deductible

Marshfield, MA501(c)(3)Recreation & SportsEIN 85-0621591

The organization seeks to organize, manage and promote the sport of intercollegiate rowing, and to annually hold a postseason intercollegiate national rowing championship that supports the highest level of competition amoung top intercollegiate heavyweight men's, lightweight men's and women's rowing teams.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$35K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
IRS e-file · Filing history
Is it financially stable?
4 of 5
years in the black
Pt I · Ln 19 · 5 filings
How much reaches the programs?
89%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$35K
to officers and key staff · 5% of spending
Pt VII · Sec A
Do they have reserves?
5 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $25K
Funders’ Sch. I, 990-PF
Do they carry debt?
$99K
liabilities
Pt X · Ln 26
Who oversees it?
8
independent of 8 voting board members
Pt VI · Ln 1a–1b
Revenue
$642K
+27% vs prior year
Spent
$679K
To programs
89%
Net assets
$200K
By yearFY2020–FY2025
Revenue
$642K
FY2025▲ +27%
Revenue by fiscal year
FY2020$54K
FY2021$320K
FY2022$433K
FY2023$531K
FY2024$505K
FY2025$642K
Expenses
$679K
FY2025▲ +38%
Expenses by fiscal year
FY2020Not on file
FY2021$237K
FY2022$379K
FY2023$478K
FY2024$491K
FY2025$679K
Net assets
$200K
FY2025▼ -16%
Net assets by fiscal year
FY2020$43K
FY2021$126K
FY2022$181K
FY2023$223K
FY2024$237K
FY2025$200K

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

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?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CIntercollegiate Rowing Association INC
EINHdr · item D85-0621591
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 2021
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CMarshfield, MA
NTEE classificationIRS BMFRecreation & Sports (N60)
WebsiteHdr · item Jirarowing.com

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 $0.89 Management & general $0.11
Program services89%$604K
Management & general11%$75K
Total functional expensesLn 25$679K

Financial health

Is it on solid ground?

Program efficiency
89%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
5.3mo
months of highly liquid reserves at operating expense rate▼ -10% vs prior filing year
Surplus margin
-6%
revenue over expenses, this year▼ -305% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$300K
FY2025▲ +16%
Total assets by fiscal year
FY2020Not on file
FY2021$128K
FY2022$194K
FY2023$238K
FY2024$259K
FY2025$300K
Total liabilities
$99K
FY2025▲ +363%
Total liabilities by fiscal year
FY2020Not on file
FY2021$2K
FY2022$13K
FY2023$15K
FY2024$21K
FY2025$99K
Revenue less expensesPt I · Ln 19−$37K
Total assetsPt X · Ln 16$300K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$300K
Total assetsLn 16$300K
Total liabilitiesLn 26$99K
Total net assetsLn 32$200K
Months of cash on handcomputed5.3

Statement of Revenue

Part VIII
Program service revenue$526K · 82%
Contributions & grants$116K · 18%
Program service revenue82%$526K
Contributions & grants18%$116K
Other revenue$850
Total revenueLn 12$642K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $300K · Operating expenses/yr $679K
5.3 months
Where the money goes
Program services
Program services $604K · Total expenses $679K
89%
Management & General
Management & general $75K · Total expenses $679K
11%
Fundraising
Fundraising $0 · Total expenses $679K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $90K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $116K · Total revenue $642K
18%
Government reliance
Government grants — · Total revenue $642K
—
Earned-income share
Program service revenue $526K · Total revenue $642K
82%
Investment reliance
Investment income $0 · Total revenue $642K
0%
Program self-sufficiency
Program service revenue $526K · Total expenses $679K
77%
Growth & trend
Revenue growth (YoY)
This year $642K · Prior year $505K
+27%
Revenue CAGR
FY2019 $54K · FY2024 $642K
+64%
Net-asset trend (YoY)
End of year $200K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $642K · Expenses $679K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $300K
—
Net-asset ratio
Net assets $200K · Total assets $300K
67%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $300K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Katie Boldvich · Reported title TREASURER & · Highest reported compensation $20K · Total expenses $679K
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $80K · Total expenses $679K
12%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%——
Overhead ratio 11%——
Fundraising cost ratio 0%——
Revenue growth 27%——
Legal fee ratio 0.6%——
Accounting fee ratio 0.9%——

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 (FY2024); the FY2025 filing did not itemize Part VII
Treasurer &
$20,000Pt VII · Sec A
Commissioner
$14,975Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Steward
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President, S
$0Pt VII · Sec A

Katie Boldvich’s $20K as Treasurer & is at the 78th percentile of top reported officer pay among 98 <$100K recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Gary Caldwell—$63,933$58,050$64,500$49,000
Katie Boldvich$20,000$30,750$30,750$31,117$29,734
Laura Kunkemueller$14,975————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • 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.

Organizes, manages, and promotes intercollegiate rowing, holding an annual national championship.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $604K of program spending, described in the organization's own filed words · FY2024.
01

To hold postseason intercollegiate national rowing championships among top intercollegiate men's and women's rowing teams.

$604Kprogram 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
Total grants receivedfrom 1 funder$25K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $642K$679K+27% 990 PDF
FY2024 $505K$491K-5% 990 PDF
FY2023 $531K$478K+22% 990 PDF
FY2022 $433K$379K+35% 990 PDF
FY2021 $320K$237K+495% 990 PDF
FY2020 $54K— 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) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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