Intercollegiate Rowing Association INC FY2021 filing

Tax-deductible

Marshfield, MA501(c)(3)Recreation & SportsEIN 85-0621591Revenue $320K in FY2021

On file with the IRSirarowing.com59 Flaggler Dr, 02050-2816 · Marshfield, MATax-exempt since Jan 2021Publicly supported — 509(a)(2)

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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.
72¢ of each $1 spent went to programs.
$79K 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

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $34K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$79K
to officers and key staff · 33% of spending
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$320K
+495% vs prior year
Spent
$237K
To programs
72%
Net assets
$126K
By yearFY2020–FY2025
Revenue
$320K
FY2021▲ +495%
Tap a bar for its year
Revenue by fiscal year
FY2020$54K
FY2021$320K
FY2022$433K
FY2023$531K
FY2024$505K
FY2025$642K
Expenses
$237K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$237K
FY2022$379K
FY2023$478K
FY2024$491K
FY2025$679K
Net assets
$126K
FY2021▲ +192%
Tap a bar for its year
Net assets by fiscal year
FY2020$43K
FY2021$126K
FY2022$181K
FY2023$223K
FY2024$237K
FY2025$200K

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

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2021.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $170K Management & general 24% · $58K Fundraising 4% · $10K

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

10 people listed on the 990; $79K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Commissioner
$49,000Pt VII · Sec A
Treasurer &
$29,734Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

See Intercollegiate Rowing Association 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

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

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Provided by the organization

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1 program · $170K · in their own filed words · FY2020
01

To hold a postseason intercollegiate national rowing championship among top intercollegiate heavyweight men's, lightweight men's and women's rowing teams.

$170Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$320K
Ln 12
Fees for servicesLn 2g$266K
Gifts and grantsLn 1h$54K
Money outPt IX
$237K
Ln 25
Programscol B$170K
Managementcol C$58K
Fundraisingcol D$10K
Owns and owesPt X
$126K
net assets · Ln 32
Cash and savingsLn 1–2$110K
Total assetsLn 16$128K
LiabilitiesLn 26$2K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$54K
Fees for servicesLn 2g$266K
Total revenueLn 12$320K
Assets in detailPt X, end of year
CashLn 1$110K
Cash and savings togetherLn 1–2$110K
Total assetsLn 16$128K
LiabilitiesLn 26$2K
Net assetsLn 32$126K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
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$43K$110K
Total assetsLn 16$43K$128K
LiabilitiesLn 26$0$2K
Net assetsLn 32$43K$126K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$79K$28K$51K
Legal feesLn 11b$200$200
Accounting feesLn 11c$4K$4K
Office expensesLn 13$1K$1K
TravelLn 17$21K$21K
InsuranceLn 23$4K$3K$676
Other expenses (24a–d)Ln 24$112K$112K
All other expensesLn 24e$17K$7K$735$10K
Total functional expensesLn 25$237K$170K$58K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $642K$679K−$37K$200K 990 PDF
FY2024 $505K$491K$14K$237K 990 PDF
FY2023 $531K$478K$53K$223K 990 PDF
FY2022 $433K$379K$55K$181K 990 PDF
FY2021 Viewing $320K$237K$83K$126K 990 PDF
FY2020 $54K$43K 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 $319,857 revenue, 12 lines filed
I-8 Contributions and grants$54,100
I-9 Program service revenue$265,757
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$319,857
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$237,166
I-18 Total expenses$237,166
I-19 Revenue less expenses$82,691
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $319,857 across 4 lines filed
VIII-1b Membership dues$54,100
VIII-1h Total contributions, gifts and grants$54,100
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $265,757$265,757
VIII-12 Total revenueRelated to mission $265,757$319,857
Part IX · Statement of functional expenses $237,166 across 8 lines filed
IX-11a Management feesPrograms $27,557 · Management $51,177$78,734
IX-11b Legal feesManagement $200$200
IX-11c Accounting feesManagement $3,950$3,950
IX-13 Office expensesManagement $1,122$1,122
IX-17 TravelPrograms $20,588$20,588
IX-23 InsurancePrograms $2,984 · Management $676$3,660
IX-24 Other expenses (24a–d)Programs $111,658$111,658
IX-24e All other expensesPrograms $6,816 · Management $735 · Fundraising $9,703$17,254
IX-25 Total functional expensesPrograms $169,603 · Management $57,860 · Fundraising $9,703$237,166
Part X · Balance sheet $128,319 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $43,128$110,495
X-4 Accounts receivable$2,357
X-9 Prepaid expenses and deferred charges$15,467
X-16 Total assetsStart of year $43,128$128,319
X-17 Accounts payable and accrued expenses$2,500
X-26 Total liabilitiesStart of year $0$2,500
X-27 Net assets without donor restrictionsStart of year $43,128$125,819
X-32 Total net assets or fund balancesStart of year $43,128$125,819
X-33 Total liabilities and net assetsStart of year $43,128$128,319
Part XI · Reconciliation of net assets $125,819 net assets at year end
XI-1 Total revenue$319,857
XI-2 Total expenses$237,166
XI-3 Revenue less expenses$82,691
XI-4 Net assets at start of year$43,128
XI-10 Net assets at end of year$125,819

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

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