Civic Intelligence

Wake Rowing

990 • Fiscal year 2021 • EIN 20-2416149

Aug 01, 2020 to Jul 31, 2021 • Filed on Apr 28, 2022

12Durham, NC 27607

(919) 491-7529

Siviq Scores

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

Liabilities / Assets

61st percentile

0.01x

Higher debt load relative to assets than 61% of similar nonprofits.

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

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

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

Net Margin

58th percentile

14%

Higher net margin than 58% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

56th percentile

9.9%

Faster asset growth than 56% of similar nonprofits.

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

Revenue Growth

72nd percentile

39%

Faster revenue growth than 72% of similar nonprofits.

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

Assets

Up

$354,307

Up $31,851 (+9.9%) from 2020

Net Assets

Up

$351,108

Up $53,468 (+18%) from 2020

Liabilities

Down

$3,199

Down $21,617 (-87%) from 2020

Revenue

Up

$377,095

Up $105,409 (+39%) from 2020

Expenses

Up

$323,627

Up $58,081 (+22%) from 2020

Net Income

Up

$53,468

Up $47,328 (+771%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2016: $164,248Liabilities 2016: $34,318Net Assets 2016: $129,9302016Assets 2017: $218,365Liabilities 2017: $18,996Net Assets 2017: $199,3692017Assets 2018: $295,698Liabilities 2018: $31,740Net Assets 2018: $263,9582018Assets 2019: $291,500Liabilities 2019: $0Net Assets 2019: $291,5002019Assets 2020: $322,456Liabilities 2020: $24,816Net Assets 2020: $297,6402020Assets 2021: $354,307Liabilities 2021: $3,199Net Assets 2021: $351,1082021Assets 2022: $234,674Liabilities 2022: $8,372Net Assets 2022: $226,3022022Assets 2023: $268,819Liabilities 2023: $8,975Net Assets 2023: $259,8442023Assets 2024: $279,694Liabilities 2024: $1,300Net Assets 2024: $278,3942024Assets 2025: $272,407Liabilities 2025: $3Net Assets 2025: $272,4042025

Highlighted filing

2021

Assets$354,307
Liabilities$3,199
Net Assets$351,108

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $203,406Expenses 2016: $215,756Net Income 2016: -$12,3502016Revenue 2017: $294,462Expenses 2017: $229,867Net Income 2017: $64,5952017Revenue 2018: $338,500Expenses 2018: $273,911Net Income 2018: $64,5892018Revenue 2019: $350,449Expenses 2019: $322,907Net Income 2019: $27,5422019Revenue 2020: $271,686Expenses 2020: $265,546Net Income 2020: $6,1402020Revenue 2021: $377,095Expenses 2021: $323,627Net Income 2021: $53,4682021Revenue 2022: $343,414Expenses 2022: $305,122Net Income 2022: $38,2922022Revenue 2023: $448,401Expenses 2023: $414,859Net Income 2023: $33,5422023Revenue 2024: $500,948Expenses 2024: $482,398Net Income 2024: $18,5502024Revenue 2025: $542,875Expenses 2025: $548,865Net Income 2025: -$5,9902025

Highlighted filing

2021

Revenue$377,095
Expenses$323,627
Net Income$53,468
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Apr 28, 2022
Return Version
2020v4.0
Gross Receipts
$386,924
Mission and Program Overview

Mission

Our mission is to promote character, commitment, athleticism and teamwork in youth through the sport of competitive rowing.

Our mission is to promote character, commitment, athleticism, and teamwork in youth through the sport of competitive rowing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$274,244$351,108▲ $76,864
Land, Buildings, and Equipment, Net$247,565$278,567▲ $31,002
Savings and Temporary Cash Investments$74,429$69,819▼ $4,610
Cap Stk Tr Prin Current Funds$23,396$0▼ $23,396
Cash and Non-Interest-Bearing Accounts$462$5,921▲ $5,459
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$322,456$354,307▲ $31,851
Liabilities
Mortgage Notes Payable Secured by Investment Property$23,396$0▼ $23,396
Other Liabilities$1,420$3,199▲ $1,779
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$24,816$3,199▼ $21,617
Net Assets / Fund Balance
Total Net Assets Fund Balance$297,640$351,108▲ $53,468
Total Liabilities and Net Assets / Fund Balance$322,456$354,307▲ $31,851

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$17,890$1,500$0
Land$0-$0
Equipment$260,677$259,321$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Britt Schuman-HumbertPresident
Courtney ClarkVice President (effective 8/1/2021)
Lynne PateVice President (thru 7/31/2021)
Amy LeonardBoard Member
Tracey LannonBoard Member
Bari LawhornBoard Member (effective 8/1/2021)
Charles SmithBoard Member (effective 8/1/2021)
Cindee HakinBoard Member (effective 8/1/2021)
Laurent Van ValekenburghBoard Member (effective 8/1/2021)
Laurian ChristeaBoard Member (effective 8/1/2021)
Nick DemarcoBoard Member (effective 8/1/2021)
Shognah MooreBoard Member (effective 8/1/2021)
Beth AtkesonBoard Member (thru 07/31/2021)
Kimberly DailBoard Member (thru 7/31/2021)
Michele Von DauberBoard Member (thru 7/31/2021)
Susan RamquistBoard Member (thru 7/31/2021)
Katie CornettoSecretary (effective 8/1/2021)
Ashley EngemannSecretary (thru 7/31/2021)
Cindy EdwardTreasurer (effective 08/01/2021)
Michelle JudgeTreasurer (thru 7/31/2021)
Revenue and Support

Revenue Composition

Contributions and Grants
$27,343
Program Service Revenue
$348,252
Investment Income
$0
Other Revenue
$1,500
All Other Contributions
$8,335
Change in Net Assets
$53,468
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$223,614
Salaries, Compensation, and Employee Benefits$100,013
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$66,251$1,251$0$67,502
Other Expenses$57,404$0$0$57,404
Depreciation Depletion$56,749$0$0$56,749
Occupancy$27,780$0$0$27,780
Interest$27,427$0$0$27,427
Other Salaries and Wages$25,413$0$0$25,413
Office Expenses$19,691$490$0$20,181
Travel$8,421$0$0$8,421
Payroll Taxes$7,098$0$0$7,098
Conferences and Meetings$1,353$0$0$1,353
Insurance$0$600$0$600
Advertising$445$0$0$445
Total Functional Expenses$321,286$2,341$0$323,627
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Erg-a-thon$19,008$19,008$0$19,008
Total Events$19,008$19,008$1,014$17,994
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
NC Income Tax$321
NC Unemployment Tax$46
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, Part VI, Section A, Line 8B

no committees were established with governing authority

Form 990, Part VI, Section B, Line 11B

The 990 form and required schedules were circulated electronically to the governing board before it was submitted to the IRS. No formal review was conducted.

Form 990, Part VI, Section B, Line 12B

The 990 form and required schedules were circulated electronically to the governing board before it was submitted to the IRS. No formal review was conducted.

Form 990, Part VI, Section B, Line 12C

Board members are required annually to sign a statement asserting no conflicts of interest exist and promising to act in the interest of the organization as a whole.

Form 990, Part VI, Section C, Line 18

Copies of Form 990 as filed are available upon request by contacting the organization's Treasurer by mail at PO Box 5102, Cary, NC 27512.

Form 990, Part VI, Section C, Line 19

Governing documents and conflict of interest policy are in the care of the organization's Secretary and/or President. Financial documents are in the care of the organization's Treasurer. The Treasurer may be contacted at [email protected] or by mail at PO Box 5102, Cary NC 27512.

Filing and Contact Details

Filer

Filer Name
Wake Rowing
EIN
20-2416149
Phone
9194917529
Address
12, Durham, NC 27607
Doing Business As
Triangle Rowing Club

Signing Officer

Name
Michelle Judge
Title
Treasurer
Phone
9194231636
Signed
2022-04-28

Organization Details

Principal Officer
Britt Schuman-Humbert
Formed
2008
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
2
Volunteers
75
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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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IRS990/Form990PartVIISectionAGrp/PersonNm4Susan Ramquist
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IRS990/Form990PartVIISectionAGrp/PersonNm6Michele Von Dauber
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IRS990/Form990PartVIISectionAGrp/PersonNm8Kimberly Dail
IRS990/Form990PartVIISectionAGrp/PersonNm9Bari Lawhorn
IRS990/Form990PartVIISectionAGrp/PersonNm10Nick Demarco
IRS990/Form990PartVIISectionAGrp/PersonNm11Michelle Judge
IRS990/Form990PartVIISectionAGrp/PersonNm12Amy Leonard
IRS990/Form990PartVIISectionAGrp/PersonNm13Beth Atkeson
IRS990/Form990PartVIISectionAGrp/PersonNm14Cindy Edward
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IRS990/Form990PartVIISectionAGrp/PersonNm17Shognah Moore
IRS990/Form990PartVIISectionAGrp/PersonNm18Charles Smith
IRS990/Form990PartVIISectionAGrp/PersonNm19Laurian Christea
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary (thru 7/31/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member (effective 8/1/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member (thru 7/31/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice President (effective 8/1/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member (thru 7/31/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member (effective 8/1/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member (thru 7/31/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member (effective 8/1/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member (effective 8/1/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt11Treasurer (thru 7/31/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member (thru 07/31/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt14Treasurer (effective 08/01/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt15Secretary (effective 8/1/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member (effective 8/1/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt18Board Member (effective 8/1/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt19Board Member (effective 8/1/2021)
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IRS990/MissionDesc0Our mission is to promote character, commitment, athleticism and teamwork in youth through the sport of competitive rowing.
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IRS990/OtherExpensesGrp/Desc0Select Regatta Expenses (hotel, travel, food, etc.)
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