Everett Rowing Association EIN 91-1325075

Everett Rowing Association

EIN  91-1325075 Public charity (501(c)(3)) Everett, WA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides rowing for all ages, fostering health, skills, and excellence.
Leadership
Hannah Sellars · Executive Director · $52K
Money in and out
$548K revenue, $595K expenses
Bottom line
73% program efficiency

Provides rowing for all ages, fostering health, skills, and excellence. For fiscal year 2024 it reported $548K in revenue, $595K in expenses, and $365K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$548K
Pt VIII · Ln 12
Total expenses
$595K
Pt IX · Ln 25
Net assets
$365K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$47K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.27
Program efficiency
73%
of spending reaches programs▼ -8% vs prior filing year
Operating runway
4.3mo
months of highly liquid reserves at operating expense rate▲ +7% vs prior filing year
Surplus margin
-9%
revenue over expenses, this year▲ +38% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$548K
FY2024▼ -3%
Expenses
$595K
FY2024▼ -7%
Total assets
$375K
FY2024▲ +12%
Total liabilities
$10K
FY2024▲ +83%
Total revenue
$548K
Pt VIII · Ln 12
Total expenses
$595K
Pt IX · Ln 25
Net assets
$365K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$47K
Total assetsPt X · Ln 16$375K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $437K of program spending, described in the organization's own filed words · FY2024.
01

Promotion of rowing at all levels, including youth, adult, competitive and recreational by providing coaches, equipment, facilities, and rowing events to all groups.

$437Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEverett Rowing Association
EINHdr · item D91-1325075
Principal addressHdr · item CEverett, WA
WebsiteHdr · item Jwww.everettrowing.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$51,565Pt VII · Sec A
Interim Executive Director
$17,500Pt VII · Sec A
Executive Director
$9,425Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021
Hannah Sellars$51,565$43,029$71,380$33,654
Matthew Lacey$17,500
Jon Campana$9,425

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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Statement of Revenue

Part VIII
Program service revenue$406K · 74%
Contributions & grants$92K · 17%
Other revenue$37K · 7%
Investment income$12K · 2%
Program service revenue74%$406K
Contributions & grants17%$92K
Other revenue7%$37K
Investment income2%$12K
Total revenueLn 12$548K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27
Program services73%$437K
Management & general27%$158K
Total functional expensesLn 25$595K

Balance Sheet

Part X · end of year
CashLn 1$123K
Total assetsLn 16$375K
Total liabilitiesLn 26$10K
Total net assetsLn 32$365K
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $212K · Operating expenses/yr $595K
4.3 months
Where the money goes
Program services
Program services $437K · Total expenses $595K
73%
Management & General
Management & general $158K · Total expenses $595K
27%
Fundraising
Fundraising $0 · Total expenses $595K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $94K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $92K · Total revenue $548K
17%
Government reliance
Government grants $0 · Total revenue $548K
0%
Earned-income share
Program service revenue $406K · Total revenue $548K
74%
Investment reliance
Investment income $12K · Total revenue $548K
+2%
Program self-sufficiency
Program service revenue $406K · Total expenses $595K
68%
Growth & trend
Revenue growth (YoY)
This year $548K · Prior year $563K
-3%
Revenue CAGR
FY2020 $320K · FY2024 $548K
+14%
Net-asset trend (YoY)
End of year $365K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $548K · Expenses $595K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $375K
Net-asset ratio
Net assets $365K · Total assets $375K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $89K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $375K
24%
People & payroll
Highest Reported Total Compensation
Individual Hannah Sellars · Reported title Executive Director · Highest reported compensation $52K · Total expenses $595K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $290K · Total expenses $595K
49%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 27%
Fundraising cost ratio 0%
Revenue growth -3%
Accounting fee ratio 1%

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.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$823
Grants paid · 4 grants · $38K · 2021–2024
Unitemized GrantFY2024$15,300
Unitemized GrantFY2023$6,764
Unitemized GrantFY2022$7,879
Unitemized GrantFY2021$7,799

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$548K revenue · viewing · ⤓ 990 PDF
FY2023$563K revenue · ⤓ 990 PDF
FY2022$674K revenue · ⤓ 990 PDF
FY2021$557K revenue · ⤓ 990 PDF
FY2020$320K revenue · ⤓ 990 PDF

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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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