Civic Intelligence

Hudson River Rowing Association Inc.

990 • Fiscal year 2016 • EIN 14-1818590

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 09, 2017

PO Box 506Poughkeepsie, NY 12602

(845) 206-4765

Siviq Scores

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

Liabilities / Assets

56th percentile

0.13x

Higher debt load relative to assets than 56% of similar nonprofits.

2016 filings • NTEE N • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

85th percentile

1.19x

Higher debt load relative to revenue than 85% of similar nonprofits.

2016 filings • NTEE N • $1M-$5M nonprofits • Source year 2016

Net Margin

6th percentile

-45%

Higher net margin than 6% of similar nonprofits.

2016 filings • NTEE N • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

2016 filings • NTEE N • $1M-$5M nonprofits • Source year 2016

Asset Growth

55th percentile

4.2%

Faster asset growth than 55% of similar nonprofits.

2016 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

87th percentile

36%

Faster revenue growth than 87% of similar nonprofits.

2016 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$2,169,414

Up $87,821 (+4.2%) from 2015

Net Assets

Up

$1,890,885

Up $72,052 (+4.0%) from 2015

Liabilities

Up

$278,529

Up $15,769 (+6.0%) from 2015

Revenue

Up

$234,552

Up $61,940 (+36%) from 2015

Expenses

Down

$339,259

Down $24,129 (-6.6%) from 2015

Net Income

Up

-$104,707

Up $86,069 (+45%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,832,709Liabilities 2010: $376,649Net Assets 2010: $2,456,0602010Assets 2011: $2,756,509Liabilities 2011: $347,944Net Assets 2011: $2,408,5652011Assets 2012: $2,628,173Liabilities 2012: $315,558Net Assets 2012: $2,312,6152012Assets 2013: $2,450,052Liabilities 2013: $299,087Net Assets 2013: $2,150,9652013Assets 2014: $2,291,119Liabilities 2014: $281,510Net Assets 2014: $2,009,6092014Assets 2015: $2,081,593Liabilities 2015: $262,760Net Assets 2015: $1,818,8332015Assets 2016: $2,169,414Liabilities 2016: $278,529Net Assets 2016: $1,890,8852016Assets 2017: $2,078,408Liabilities 2017: $245,774Net Assets 2017: $1,832,6342017Assets 2018: $2,013,966Liabilities 2018: $210,847Net Assets 2018: $1,803,1192018Assets 2019: $1,937,804Liabilities 2019: $179,342Net Assets 2019: $1,758,4622019Assets 2020: $1,865,738Liabilities 2020: $145,877Net Assets 2020: $1,719,8612020Assets 2021: $1,827,863Liabilities 2021: $114,002Net Assets 2021: $1,713,8612021Assets 2022: $1,765,351Liabilities 2022: $84,483Net Assets 2022: $1,680,8682022Assets 2023: $1,722,063Liabilities 2023: $53,009Net Assets 2023: $1,669,0542023Assets 2024: $1,694,949Liabilities 2024: $19,426Net Assets 2024: $1,675,5232024

Highlighted filing

2016

Assets$2,169,414
Liabilities$278,529
Net Assets$1,890,885

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $292,3682010Revenue 2011: $225,639Expenses 2011: $273,134Net Income 2011: -$47,4952011Revenue 2012: $227,613Expenses 2012: $323,563Net Income 2012: -$95,9502012Revenue 2013: $206,309Expenses 2013: $367,959Net Income 2013: -$161,6502013Revenue 2014: $198,762Expenses 2014: $340,118Net Income 2014: -$141,3562014Revenue 2015: $172,612Expenses 2015: $363,388Net Income 2015: -$190,7762015Revenue 2016: $234,552Expenses 2016: $339,259Net Income 2016: -$104,7072016Revenue 2017: $226,634Expenses 2017: $284,885Net Income 2017: -$58,2512017Revenue 2018: $290,772Expenses 2018: $320,287Net Income 2018: -$29,5152018Revenue 2019: $307,446Expenses 2019: $352,103Net Income 2019: -$44,6572019Revenue 2020: $192,730Expenses 2020: $231,331Net Income 2020: -$38,6012020Revenue 2021: $260,117Expenses 2021: $266,118Net Income 2021: -$6,0012021Revenue 2022: $283,157Expenses 2022: $316,150Net Income 2022: -$32,9932022Revenue 2023: $293,240Expenses 2023: $305,054Net Income 2023: -$11,8142023Revenue 2024: $313,222Expenses 2024: $306,753Net Income 2024: $6,4692024

Highlighted filing

2016

Revenue$234,552
Expenses$339,259
Net Income-$104,707
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 9, 2017
Return Version
2016v3.0
Gross Receipts
$234,552
Mission and Program Overview

Mission

Provide education and training to individuals in the art of rowing without preference to race, creed, age, religion, color or disability. To provide the equitable means for both competitive and recreational rowing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,149,273$2,074,170▼ $75,103
Cash and Non-Interest-Bearing Accounts$-67,680$95,244▲ $162,924
Total Assets$2,081,593$2,169,414▲ $87,821
Liabilities
Mortgage Notes Payable Secured by Investment Property-$278,529-
Other Liabilities$262,760--
Total Liabilities$262,760$278,529▲ $15,769
Net Assets / Fund Balance
Unrestricted Net Assets$1,818,833$1,890,885▲ $72,052
Total Net Assets Fund Balance$1,818,833$1,890,885▲ $72,052
Total Liabilities and Net Assets / Fund Balance$2,081,593$2,169,414▲ $87,821

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,026,712$1,153,092$3,179,804
Equipment$47,458$225,705$273,163
Compensation and Service Providers

Board Members and Trustees

NameTitle
Justin FeldmanPresident
Keri KiernanSecretary
Andrea Parent-tibbetsTreasurer
Jessica BernierVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$3,135
Program Service Revenue
$231,310
Investment Income
$107
Other Revenue
$0
All Other Contributions
$3,135
Change in Net Assets
$-104,707
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$339,259
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$126,945--$126,945
Insurance$50,754--$50,754
Fees for Services Other$29,460$18,401-$47,861
Interest$19,125--$19,125
All Other Expenses$5,769$1,165-$6,934
Fees for Services Accounting-$6,000-$6,000
Office Expenses-$3,576-$3,576
Other Expenses$3,319--$3,319
Total Functional Expenses$310,117$29,142$0$339,259
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 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 11B

Treasurer provides copy to directors for review

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

All board members sign an acknowledgement of the conflict of interest policy. The board considers issues where conflict of interest is a potential issue.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Hudson River Rowing Association
EIN
14-1818590
Phone
8452064765
Address
PO BOX 506, POUGHKEEPSIE, NY 12602

Signing Officer

Name
Justin Feldman
Title
President
Phone
8452064765
Signed
2017-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Feldman
Formed
1999
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Rbt Cpas Llp
Address
11 RACQUET RD, NEWBURGH, NY 12550
Preparer
James F Letterio CPA
Phone
8455679000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Provide education and training to individuals in the art of rowing without preference to race, creed, age, religion, color or disability. To provide the equitable means for both competitive and recreational rowing.

Form 990, Part IX, Line 11G

Professional services 0 3,375 0 administrative services 0 15,026 0 contractors 29,460 0 0 total 29,460 18,401 0

Raw XML Appendix328 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDE EDUCATION AND TRAINING TO INDIVIDUALS IN THE ART OF ROWING WITHOUT PREFERENCE TO RACE, CREED, AGE, RELIGION, COLOR OR DISABILITY. TO PROVIDE THE EQUITABLE MEANS FOR BOTH COMPETITIVE AND RECREATIONAL ROWING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TREASURER PROVIDES COPY TO DIRECTORS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS SIGN AN ACKNOWLEDGEMENT OF THE CONFLICT OF INTEREST POLICY. THE BOARD CONSIDERS ISSUES WHERE CONFLICT OF INTEREST IS A POTENTIAL ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL SERVICES 0 3,375 0 ADMINISTRATIVE SERVICES 0 15,026 0 CONTRACTORS 29,460 0 0 TOTAL 29,460 18,401 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02081593
IRS990/TotalAssetsEOYAmt02169414
IRS990/TotalAssetsGrp/BOYAmt02081593
IRS990/TotalAssetsGrp/EOYAmt02169414
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03135
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029142
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0310117
IRS990/TotalFunctionalExpensesGrp/TotalAmt0339259
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0262760
IRS990/TotalLiabilitiesEOYAmt0278529
IRS990/TotalLiabilitiesGrp/BOYAmt0262760
IRS990/TotalLiabilitiesGrp/EOYAmt0278529
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01818833
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01890885
IRS990/TotalProgramServiceExpensesAmt0310117
IRS990/TotalProgramServiceRevenueAmt0231310
IRS990/TotalRevenueGrp/ExclusionAmt0107
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0231310
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0234552
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02081593
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02169414
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01818833
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01890885
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 506
IRS990/USAddress/CityNm0POUGHKEEPSIE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012602
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.HUDSONRIVERROWING.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN FELDMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08452064765
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HUDSON RIVER ROWING ASSOCIATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0HUDS
ReturnHeader/Filer/EIN0141818590
ReturnHeader/Filer/PhoneNum08452064765
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 506
ReturnHeader/Filer/USAddress/CityNm0POUGHKEEPSIE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012602
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId031DA5CA24655316ADD4F99DD5A3BAA31986D7F59
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0095F212F50BFE39F539DB31793A7C32C908A24A8
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141604297
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RBT CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011 RACQUET RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEWBURGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012550
ReturnHeader/PreparerPersonGrp/PhoneNum08455679000
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES F LETTERIO CPA
ReturnHeader/ReturnTs02017-11-10T16:21:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.02$1.68$0.31$0.31$0.01
2023Summary only. Only limited summary data is available for this year.$1.72$0.05$1.67$0.29$0.31$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.08$1.68$0.28$0.32$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.83$0.11$1.71$0.26$0.27$0.01
2020Summary only. Only limited summary data is available for this year.$1.87$0.15$1.72$0.19$0.23$0.04
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.18$1.76$0.31$0.35$0.04
2018Summary only. Only limited summary data is available for this year.$2.01$0.21$1.80$0.29$0.32$0.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.25$1.83$0.23$0.28$0.06
2016Detailed filing. Detailed filing data is available for this year.$2.17$0.28$1.89$0.23$0.34$0.10
2015Summary only. Only limited summary data is available for this year.$2.08$0.26$1.82$0.17$0.36$0.19
2014Summary only. Only limited summary data is available for this year.$2.29$0.28$2.01$0.20$0.34$0.14
2013Summary only. Only limited summary data is available for this year.$2.45$0.30$2.15$0.21$0.37$0.16
2012Summary only. Only limited summary data is available for this year.$2.63$0.32$2.31$0.23$0.32$0.10
2011Summary only. Only limited summary data is available for this year.$2.76$0.35$2.41$0.23$0.27$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.83$0.38$2.46$0.29