Everett Rowing Association FY2021 filing

Public charity (501(c)(3)) Everett, WA EIN 91-1325075
Revenue
$557K
▲ +74%
FY2021 · Pt VIII · Ln 12
Expenses
$454K
▲ +54%
FY2021 · Pt IX · Ln 25
Net assets
$446K
FY2021 · Pt X · Ln 32
To programs
69%
FY2021 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$557K
FY2021▲ +74%
Expenses
$454K
FY2021▲ +54%

Provides rowing for all ages, fostering health, skills, and excellence.

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Filed FY2024 (typical filing lag)
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Foundation funders?
1 funder — Amazonsmile Foundation
$823 in the latest grant year.
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Spent on programs?
69% to programs
Form 990 Part IX, latest filing.
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Size and trend
$100K–1M
↑ +74% vs prior year
Details →

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).


Provides rowing for all ages, fostering health, skills, and excellence.

Type
Public charity (501(c)(3)) · Nonprofit
Location
Everett, WA
Website
www.everettrowing.com
Filings
5 on file (2020–2021)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Where the money goes · FY2021
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.30 Fundraising $0.01
Program efficiency
69%
of spending reaches programs
Operating runway
6.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+18%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$460K
FY2021▲ +30%
Total liabilities
$14K
FY2021▲ +40%
Revenue less expensesPt I · Ln 19$103K
Total assetsPt X · Ln 16$460K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · 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 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
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
$33,654Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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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Mission & Programs · Part III

Where the work happens

1 program service account for $314K of program spending, described in the organization's own filed words · FY2021.
01

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

$314Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$428K · 77%
Contributions & grants$105K · 19%
Other revenue$19K · 3%
Investment income$6K · 1%
Program service revenue77%$428K
Contributions & grants19%$105K
Other revenue3%$19K
Investment income1%$6K
— government grantsLn 1e$39K
Total revenueLn 12$557K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.30 Fundraising $0.01
Program services69%$314K
Management & general30%$134K
Fundraising1%$5K
Total functional expensesLn 25$454K

Balance Sheet

Part X · end of year
CashLn 1$254K
Total assetsLn 16$460K
Total liabilitiesLn 26$14K
Total net assetsLn 32$446K
Months of cash on handcomputed6.7

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $254K · Operating expenses/yr $454K
6.7 months
Where the money goes
Program services
Program services $314K · Total expenses $454K
69%
Management & General
Management & general $134K · Total expenses $454K
30%
Fundraising
Fundraising $5K · Total expenses $454K
1%
Cost to raise $1
Fundraising expense (2-yr avg) $6K · Solicited contributions (2-yr avg) $55K
$0.10 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $105K · Total revenue $557K
19%
Government reliance
Government grants $39K · Total revenue $557K
7%
Earned-income share
Program service revenue $428K · Total revenue $557K
77%
Investment reliance
Investment income $6K · Total revenue $557K
+1%
Program self-sufficiency
Program service revenue $428K · Total expenses $454K
94%
Growth & trend
Revenue growth (YoY)
This year $557K · Prior year $320K
+74%
Net-asset trend (YoY)
End of year $446K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $557K · Expenses $454K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $460K
—
Net-asset ratio
Net assets $446K · Total assets $460K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $460K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Hannah Sellars · Reported title Executive Director · Highest reported compensation $34K · Total expenses $454K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $177K · Total expenses $454K
39%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 69%——
Overhead ratio 30%——
Fundraising cost ratio 5%——
Revenue growth 74%——

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 · ⤓ 990 PDF
FY2023$563K revenue · ⤓ 990 PDF
FY2022$674K revenue · ⤓ 990 PDF
FY2021$557K revenue · viewing · ⤓ 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) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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