Civic Intelligence

Upper Valley Rowing Foundation

990 • Fiscal year 2021 • EIN 02-0508228

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

PO Box 419Hanover, NH 03755

(603) 643-9321

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

72nd percentile

27%

Higher net margin than 72% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

60th percentile

14%

Faster asset growth than 60% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

82nd percentile

78%

Faster revenue growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$499,422

Up $62,063 (+14%) from 2020

Net Assets

Up

$499,422

Up $62,063 (+14%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$230,436

Up $101,177 (+78%) from 2020

Expenses

Up

$168,373

Up $66,516 (+65%) from 2020

Net Income

Up

$62,063

Up $34,661 (+126%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2010: $258,376Net Assets 2010: $258,3762010Assets 2011: $276,921Liabilities 2011: $0Net Assets 2011: $276,9212011Assets 2012: $237,017Liabilities 2012: $0Net Assets 2012: $237,0172012Assets 2013: $279,684Liabilities 2013: $0Net Assets 2013: $279,6842013Assets 2014: $290,391Liabilities 2014: $0Net Assets 2014: $290,3912014Assets 2015: $297,288Liabilities 2015: $0Net Assets 2015: $297,2882015Assets 2016: $348,996Liabilities 2016: $0Net Assets 2016: $348,9962016Assets 2017: $366,935Liabilities 2017: $0Net Assets 2017: $366,9352017Assets 2018: $371,337Liabilities 2018: $0Net Assets 2018: $371,3372018Assets 2019: $409,957Liabilities 2019: $0Net Assets 2019: $409,9572019Assets 2020: $437,359Liabilities 2020: $0Net Assets 2020: $437,3592020Assets 2021: $499,422Liabilities 2021: $0Net Assets 2021: $499,4222021Assets 2022: $614,801Liabilities 2022: $171Net Assets 2022: $614,6302022Assets 2023: $672,847Liabilities 2023: $159Net Assets 2023: $672,6882023Assets 2024: $786,992Liabilities 2024: $0Net Assets 2024: $786,9922024

Highlighted filing

2021

Assets$499,422
Liabilities$0
Net Assets$499,422

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2010: $95,776Expenses 2010: $66,582Net Income 2010: $29,1942010Revenue 2011: $97,341Expenses 2011: $78,796Net Income 2011: $18,5452011Revenue 2012: $98,689Expenses 2012: $138,593Net Income 2012: -$39,9042012Revenue 2013: $141,256Expenses 2013: $98,589Net Income 2013: $42,6672013Revenue 2014: $148,309Expenses 2014: $137,602Net Income 2014: $10,7072014Revenue 2015: $179,369Expenses 2015: $173,089Net Income 2015: $6,2802015Revenue 2016: $196,563Expenses 2016: $144,855Net Income 2016: $51,7082016Revenue 2017: $151,401Expenses 2017: $133,112Net Income 2017: $18,2892017Revenue 2018: $167,447Expenses 2018: $163,045Net Income 2018: $4,4022018Revenue 2019: $201,776Expenses 2019: $159,028Net Income 2019: $42,7482019Revenue 2020: $129,259Expenses 2020: $101,857Net Income 2020: $27,4022020Revenue 2021: $230,436Expenses 2021: $168,373Net Income 2021: $62,0632021Revenue 2022: $279,963Expenses 2022: $164,751Net Income 2022: $115,2122022Revenue 2023: $271,283Expenses 2023: $213,225Net Income 2023: $58,0582023Revenue 2024: $343,653Expenses 2024: $229,349Net Income 2024: $114,3042024

Highlighted filing

2021

Revenue$230,436
Expenses$168,373
Net Income$62,063
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$230,436
Mission and Program Overview

Mission

The upper valley rowing foundation (uvrf) is dedicated to the sport of rowing in the upper valley serving the entire rowing community with educational, recreational, and competitive programs for youth and adults that promote health, safety, and sportsmanship.

The mission of upper valley rowing foundation (uvrf) is to create a community for the sport of rowing by offering a wide variety of opportunities for area residents to row on the connecticut river. By making available public, rowing-appropriate access to the connecticut river, instructional programs, competitive opportunities, and education forums about the sport, uvrf will serve as an organization that provides diverse benefits to the region as a whole.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$437,359$499,422▲ $62,063
Land, Buildings, and Equipment, Net$237,911$288,611▲ $50,700
Cash and Non-Interest-Bearing Accounts$97,017$185,964▲ $88,947
Savings and Temporary Cash Investments$102,431$24,847▼ $77,584
Total Assets$437,359$499,422▲ $62,063
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$437,359$499,422▲ $62,063
Total Liabilities and Net Assets / Fund Balance$437,359$499,422▲ $62,063

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$204,046$364,716$568,762
Land$84,565-$84,565
Compensation and Service Providers

Board Members and Trustees

NameTitle
Liz MarshallPresident
Beata RandallDirector
Carin ReynoldsDirector
Jenny LynnDirector
Martha BeattieDirector
Michael StraffordDirector
Mickey ElsbergDirector
Nancy LarocqueDirector
Patrick TurevonDirector
Peter SwansonDirector
Roelof VersteegDirector
Susan BrightonDirector
Terry HarwoodDirector
Ben BaileyCurrent Trea
Margie ElsbergSecretary
Dan RumlTreasurer
Elizabeth GlenshawVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$112,102
Program Service Revenue
$118,064
Investment Income
$270
Other Revenue
$0
All Other Contributions
$95,552
Change in Net Assets
$62,063
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$92,761
Salaries, Compensation, and Employee Benefits$70,317
Grants and Similar Amounts Paid$5,295
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$64,931--$64,931
Depreciation Depletion$30,446--$30,446
Insurance$9,589$770-$10,359
Occupancy$8,435--$8,435
Payroll Taxes$5,386--$5,386
Grants to Domestic Individuals$5,295--$5,295
Fees for Services Other-$4,783-$4,783
Fees for Services Accounting-$2,530-$2,530
Office Expenses$293$2,121-$2,414
Other Expenses$497$397-$894
Conferences and Meetings$298$404-$702
Total Functional Expenses$154,093$14,280$0$168,373
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Supporters of the organization may join as members and have voting at our annual meeting. Members have access to social functions and access to sweep and sculling programs (additional fees apply).

Form 990, Page 6, Part VI, Line 7A

Board members are elected by the membership at the annual meeting.

Form 990, Page 6, Part VI, Line 11B

The board has authorized the tresurer to review and sign the form 990.

Form 990, Page 6, Part VI, Line 12C

Any possible conflict of interest on the part of any member of the board or officer of the uvrf shall be disclosed in writing to the board and made a matter of record through an annual procedure and also when the interest involves a specific issue before the board.

Form 990, Page 6, Part VI, Line 19

Certain organizational information can be found on www.guidestar.org

Form 990, Part VII

Directors receive no compensation for their management responsibilities; they may however, be compensated for their time spent coaching or instructing program participants. Director carin reynolds was paid 4,350 to run the lebanon crew program in 2021 and 140 for other coaching responsibilities. Director martha beattie was paid 420 in 2021 for coaching responsibilites.

Filing and Contact Details

Filer

Filer Name
Upper Valley Rowing Foundation
EIN
02-0508228
Phone
6036439321
Address
PO BOX 419, HANOVER, NH 03755

Signing Officer

Name
Ben Bailey
Title
Current Treasurer
Phone
6036439321
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ben Bailey
Formed
1997
Legal Domicile
Nh
Voting Board Members
16
Independent Board Members
16
Employees
22
Volunteers
100

Preparer

Firm
Kayen & Liepmann Pc
Address
PO BOX 1, NORWICH, VT 05055-0001
Preparer
Suzanna K Liepmann
Phone
8026491689
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of upper valley rowing foundation (uvrf) is to create a community for the sport of rowing by offering a wide variety of opportunities for area residents to row on the connecticut river. By making available public, rowing-appropriate access to the connecticut river, instructional programs, competitive opportunities, and education forums about the sport, uvrf will serve as an organization that provides diverse benefits to the region as a whole.

Form 990, Page 2, Part III, Line 4C

In addition to these competetive programs, the upper valley rowing foundation offers a variety of instructional programs to rowers of all levels. There were 15 participants in the coached big boat rowing program. Novice sweeps program had 16 participants and 8 in evening sweeps; there were 61 participants in the learn-to-scull sessions and 13 in the beginner/intermediate sculling session; and there were 28 participants in summer junior sculling clinics. In 2020, the crew program was started for cancer patients and survivors which offers indoor and on the water programs. This is a free program which had 25 members this year. A member rental program was started last year as a result of the need for social distancing during the pandemic, there were 81 participants in 2021. Uvrf also offers storage of equipment for an extra fee.

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IRS990/MissionDesc0THE MISSION OF UPPER VALLEY ROWING FOUNDATION (UVRF) IS TO CREATE A COMMUNITY FOR THE SPORT OF ROWING BY OFFERING A WIDE VARIETY OF OPPORTUNITIES FOR AREA RESIDENTS TO ROW ON THE CONNECTICUT RIVER. BY MAKING AVAILABLE PUBLIC, ROWING-APPROPRIATE ACCESS TO THE CONNECTICUT RIVER, INSTRUCTIONAL PROGRAMS, COMPETITIVE OPPORTUNITIES, AND EDUCATION FORUMS ABOUT THE SPORT, UVRF WILL SERVE AS AN ORGANIZATION THAT PROVIDES DIVERSE BENEFITS TO THE REGION AS A WHOLE.
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IRS990/PrincipalOfficerNm0BEN BAILEY
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IRS990/ProgSrvcAccomActy2Grp/Desc0UVRF OFFERS A COMPETITIVE MASTERS PROGRAM FOR ADULT ROWERS. THE SPRING PROGRAM ATTRACTED APPROXIMATELY 14 ROWERS; THE SUMMER PROGRAM HAD 12 PARTICIPANTS; AND 32 ROWERS JOINED THE FALL PROGRAM. DURING THE PANDEMIC, THE ORGANIZATION OFFERED VIRTUAL ERG WORKOUT PROGRAMS. THIS HAS CONTINUED IN 2021 AND THERE WERE 28 ATTENDEES IN THE FALL SESSION.
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IRS990/ProgSrvcAccomActy3Grp/Desc0IN ADDITION TO THESE COMPETETIVE PROGRAMS, THE UPPER VALLEY ROWING FOUNDATION OFFERS A VARIETY OF INSTRUCTIONAL PROGRAMS TO ROWERS OF ALL LEVELS. THERE WERE 15 PARTICIPANTS IN THE COACHED BIG BOAT ROWING PROGRAM. NOVICE SWEEPS PROGRAM HAD 16 PARTICIPANTS AND 8 IN EVENING SWEEPS; THERE WERE 61 PARTICIPANTS IN THE LEARN-TO-SCULL SESSIONS AND 13 IN THE BEGINNER/INTERMEDIATE SCULLING SESSION; AND THERE WERE 28 PARTICIPANTS IN SUMMER JUNIOR SCULLING CLINICS. IN 2020, THE CREW PROGRAM WAS STARTED FOR CANCER PATIENTS AND SURVIVORS WHICH OFFERS INDOOR AND ON THE WATER PROGRAMS. THIS IS A FREE PROGRAM WHICH HAD 25 MEMBERS THIS YEAR. A MEMBER RENTAL PROGRAM WAS STARTED LAST YEAR AS A RESULT OF THE NEED FOR SOCIAL DISTANCING DURING THE PANDEMIC, THERE WERE 81 PARTICIPANTS IN 2021. UVRF ALSO OFFERS STORAGE OF EQUIPMENT FOR AN EXTRA FEE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt079470
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IRS990/ReconcilationRevenueExpnssAmt062063
IRS990/RegularMonitoringEnfrcInd0true
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP FUND
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1JASMINE SCHOLARSHIP FUND
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt111
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF UPPER VALLEY ROWING FOUNDATION (UVRF) IS TO CREATE A COMMUNITY FOR THE SPORT OF ROWING BY OFFERING A WIDE VARIETY OF OPPORTUNITIES FOR AREA RESIDENTS TO ROW ON THE CONNECTICUT RIVER. BY MAKING AVAILABLE PUBLIC, ROWING-APPROPRIATE ACCESS TO THE CONNECTICUT RIVER, INSTRUCTIONAL PROGRAMS, COMPETITIVE OPPORTUNITIES, AND EDUCATION FORUMS ABOUT THE SPORT, UVRF WILL SERVE AS AN ORGANIZATION THAT PROVIDES DIVERSE BENEFITS TO THE REGION AS A WHOLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN ADDITION TO THESE COMPETETIVE PROGRAMS, THE UPPER VALLEY ROWING FOUNDATION OFFERS A VARIETY OF INSTRUCTIONAL PROGRAMS TO ROWERS OF ALL LEVELS. THERE WERE 15 PARTICIPANTS IN THE COACHED BIG BOAT ROWING PROGRAM. NOVICE SWEEPS PROGRAM HAD 16 PARTICIPANTS AND 8 IN EVENING SWEEPS; THERE WERE 61 PARTICIPANTS IN THE LEARN-TO-SCULL SESSIONS AND 13 IN THE BEGINNER/INTERMEDIATE SCULLING SESSION; AND THERE WERE 28 PARTICIPANTS IN SUMMER JUNIOR SCULLING CLINICS. IN 2020, THE CREW PROGRAM WAS STARTED FOR CANCER PATIENTS AND SURVIVORS WHICH OFFERS INDOOR AND ON THE WATER PROGRAMS. THIS IS A FREE PROGRAM WHICH HAD 25 MEMBERS THIS YEAR. A MEMBER RENTAL PROGRAM WAS STARTED LAST YEAR AS A RESULT OF THE NEED FOR SOCIAL DISTANCING DURING THE PANDEMIC, THERE WERE 81 PARTICIPANTS IN 2021. UVRF ALSO OFFERS STORAGE OF EQUIPMENT FOR AN EXTRA FEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SUPPORTERS OF THE ORGANIZATION MAY JOIN AS MEMBERS AND HAVE VOTING AT OUR ANNUAL MEETING. MEMBERS HAVE ACCESS TO SOCIAL FUNCTIONS AND ACCESS TO SWEEP AND SCULLING PROGRAMS (ADDITIONAL FEES APPLY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD HAS AUTHORIZED THE TRESURER TO REVIEW AND SIGN THE FORM 990.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.87$0.00$7.87$3.44$2.29$1.14
2023Detailed filing. Detailed filing data is available for this year.$6.73$0.00$6.73$2.71$2.13$0.58
2022Detailed filing. Detailed filing data is available for this year.$6.15$0.00$6.15$2.80$1.65$1.15
2021Detailed filing. Detailed filing data is available for this year.$4.99$0.00$4.99$2.30$1.68$0.62
2020Detailed filing. Detailed filing data is available for this year.$4.37$0.00$4.37$1.29$1.02$0.27
2019Detailed filing. Detailed filing data is available for this year.$4.10$0.00$4.10$2.02$1.59$0.43
2018Detailed filing. Detailed filing data is available for this year.$3.71$0.00$3.71$1.67$1.63$0.04
2017Detailed filing. Detailed filing data is available for this year.$3.67$0.00$3.67$1.51$1.33$0.18
2016Detailed filing. Detailed filing data is available for this year.$3.49$0.00$3.49$1.97$1.45$0.52
2015Detailed filing. Detailed filing data is available for this year.$2.97$0.00$2.97$1.79$1.73$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.90$0.00$2.90$1.48$1.38$0.11
2013Detailed filing. Detailed filing data is available for this year.$2.80$0.00$2.80$1.41$0.99$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$0.00$2.37$0.99$1.39$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$0.00$2.77$0.97$0.79$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.58$2.58$0.96$0.67$0.29