Essex Rowing Club Inc in Methuen, Massachusetts (MA)
Table of contents:
| Essex Rowing Club Inc | |
| Employer Identification Number (EIN) | 450545591 |
| Name of Organization | Essex Rowing Club Inc |
| Address | 656 Lowell St, Methuen, MA 01844-1805 |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 10/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $119,044 |
| Amount of Income | $507,343 |
| Form 990 Revenue Amount | $479,319 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2012: $507,343 (it was $477,570 in 2011)
| This organization: | $507,343 |
| Other organizations performing similar types of work: | $81,788 |
Assets in 2012: $119,044 (it was $170,407 in 2011)
| Essex Rowing Club Inc: | $119,044 |
| Other organizations performing similar types of work: | $33,448 |
Expenses in 2012: $431,570
| Essex Rowing Club Inc: | $431,570 |
| Other organizations performing similar types of work: | $75,206 |
Income to expenses ratio in 2012: 1.2
| Essex Rowing Club Inc: | 1.2 |
| Other organizations performing similar types of work: | 0.9 |
Number of employees in 2012: 10
| This organization: | 10 |
| Other organizations performing similar types of work: | 5 |
Grants share in income in 2012: 9.2%
| This organization: | 9.2% |
| Other organizations performing similar types of work: | 78.3% |
Revenue for 2012
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $479,319 |
| Contributions, Gifts, Grants and Other Similar Amounts | $44,233 |
| Program Service Revenue | $416,441 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $67 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $17,189 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $0 / $33,000 |
| Less: cost or other basis and sales expenses (Securities / Other) | $0 / $15,811 |
| Gain or (loss) (Securities / Other) | $0 / $17,189 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $1,389 |
| Gross sales of inventory, less returns and allowances | $13,602 |
| Less: cost of goods sold | $12,213 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $431,570 |
| Compensation of current officers, directors, trustees, and key employees | $64,091 |
| Other salaries and wages | $66,904 |
| Payroll taxes | $13,777 |
| Professional fundraising services | $0 |
| Other | $286,798 |
| Balance Sheet (for 2012) | |
| Total assets | $119,044 |
| Total liabilities | $177,845 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $121,051 |
| Unsecured notes and loans payable to unrelated third parties | $10,000 |
| Other | $46,794 |
| Total net assets or fund balances | $-58,801 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $1,821,396 |
| Gifts, grants, contributions, and membership fees received | $106,715 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $1,714,681 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | University Swim Club | Po Box 10442, Knoxville, TN 37939-0442 | TN | 2007-02 | $43,203 |
| 2 | Neponset Valley River Rats Inc | 1125 East St, Mansfield, MA 02048-3411 | MA | 2011-02 | $342,985 |
| 3 | Pioneer Valley Riverfront Club Inc, Charle Hines | 121 West St, Springfield, MA 01104-3321 | MA | 2009-07 | $340,425 |
| 4 | Seekonk Swimming And Tennis Club Inc | 255 Davis St, Seekonk, MA 02771-1420 | MA | 2004-03 | $314,797 |
| 5 | Belmont Crew Club Inc, Arlington Belmont Crew Club | 31 Raleigh Road, Belmont, MA 02478-2879 | MA | 2007-10 | $292,586 |
| 6 | Valpo Surf Project Inc | 99 Pleasant Street, Cambridge, MA 02139 | MA | 2010-10 | $142,029 |
| 7 | Annisquam Yacht Club Sailing & Tennis Program Inc | 91 Pleasant St, Gloucester, MA 01930-2714 | MA | 2011-07 | $141,154 |
| 8 | Bluefish Boosters Inc | 33 Buck Knoll Road, Raynham, MA 02767 | MA | 2008-05 | $68,092 |
| 9 | Southcoast Aquatics Inc | 374 Farm St, New Bedford, MA 02740-2131 | MA | 2002-11 | $48,466 |
| 10 | Sandy Point Sailing Association Inc | PO BOX 36, Beverly, MA 01915-0001 | MA | 1997-08 | $39,578 |
| 11 | Swim Winchester Inc | PO BOX 44, Winchester, MA 01890-0044 | MA | 2014-08 | $20,231 |
| 12 | Sail Marblehead Inc | PO BOX 1430, Marblehead, MA 01945-5430 | MA | 2002-04 | $20,000 |
| 13 | Mass Bay Sailing League, Massachusetts Bay League | 21 David Mugar Way, Boston, MA 02114 | MA | 2002-12 | $17,555 |
| 14 | Wellesley High School Sailing Team, Wellesley Sailing Club | 6 Durant Road, Wellesley, MA 02482 | MA | 2011-05 | $16,020 |
| 15 | Whaling City Rowing Club Inc | PO BOX 40625, New Bedford, MA 02744-0006 | MA | 2000-03 | $12,884 |
| 16 | Boston Elite Swim Team Inc | PO BOX 300407, Jamaica Plain, MA 02130-0004 | MA | 2009-03 | $12,277 |
| 17 | Orleans Sweeps And Sculls Inc | Po Box 261, Orleans, MA 02653 | MA | 2013-01 | $10,962 |
| 18 | Sail Cape Cod Inc | Po Box 1954, Hyannis, MA 02601 | MA | 2012-12 | $4,097 |
| 19 | Inner City Marine Swim Club | 28 Orange St, Roslindale, MA 02131-2817 | MA | 2011-05 | $2,605 |
| 20 | Eastern Sailing Foundation Inc | PO BOX 1306, Marblehead, MA 01945-5306 | MA | 2010-09 | $932 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,651 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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