Civic Intelligence

Roccs Inc

990EZ • Fiscal year 2023 • EIN 20-3645068

Sep 01, 2022 to Aug 31, 2023 • Filed on Dec 06, 2023

309 N Apopka AveInverness, FL 34450

(352) 354-3769

Siviq Scores

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

Liabilities / Assets

85th percentile

0.22x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

0.30x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

23rd percentile

-15%

Higher net margin than 23% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

65th percentile

11%

Faster asset growth than 65% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

32nd percentile

-11%

Faster revenue growth than 32% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$104,761

Up $10,792 (+11%) from 2022

Net Assets

Down

$81,817

Down $11,312 (-12%) from 2022

Liabilities

Up

$22,944

Up $22,104 (+2631%) from 2022

Revenue

Down

$76,709

Down $9,918 (-11%) from 2022

Expenses

Up

$88,021

Up $14,074 (+19%) from 2022

Net Income

Down

-$11,312

Down $23,992 (-189%) from 2022

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2014: $73,339Liabilities 2014: $14,5002014Assets 2015: $92,638Liabilities 2015: $10,3002015Assets 2016: $61,117Liabilities 2016: $1,3322016Assets 2017: $70,566Liabilities 2017: $02017Assets 2018: $86,816Liabilities 2018: $13,5052018Assets 2019: $111,087Liabilities 2019: $12,878Net Assets 2019: $98,2092019Assets 2020: $107,849Liabilities 2020: $10,1012020Assets 2021: $86,101Liabilities 2021: $5,652Net Assets 2021: $80,4492021Assets 2022: $93,969Liabilities 2022: $840Net Assets 2022: $93,1292022Assets 2023: $104,761Liabilities 2023: $22,944Net Assets 2023: $81,8172023Assets 2024: $111,998Liabilities 2024: $14,437Net Assets 2024: $97,5612024

Highlighted filing

2023

Assets$104,761
Liabilities$22,944
Net Assets$81,817

Operations Trend

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

$100K$50K$0-$50KRevenue 2014: $92,016Expenses 2014: $58,124Net Income 2014: $33,8922014Revenue 2015: $61,363Expenses 2015: $48,471Net Income 2015: $12,8922015Revenue 2016: $42,987Expenses 2016: $66,921Net Income 2016: -$23,9342016Revenue 2017: $37,924Expenses 2017: $41,214Net Income 2017: -$3,2902017Revenue 2018: $46,763Expenses 2018: $54,081Net Income 2018: -$7,3182018Revenue 2019: $70,297Expenses 2019: $61,324Net Income 2019: $8,9732019Revenue 2020: $37,111Expenses 2020: $37,572Net Income 2020: -$4612020Revenue 2021: $31,935Expenses 2021: $49,234Net Income 2021: -$17,2992021Revenue 2022: $86,627Expenses 2022: $73,947Net Income 2022: $12,6802022Revenue 2023: $76,709Expenses 2023: $88,021Net Income 2023: -$11,3122023Revenue 2024: $93,907Expenses 2024: $78,163Net Income 2024: $15,7442024

Highlighted filing

2023

Revenue$76,709
Expenses$88,021
Net Income-$11,312
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Dec 6, 2023
Return Version
2022v5.0
Gross Receipts
$88,634
Mission and Program Overview

Mission

Roccs is an acronym for the rowing organization of citrus county students. Our purpose is to introduce the sport of crew to any citrus county student who has the drive and determination to pursue it and to provide a resource to adult rowers of all ages. Since roccs was formed in 2007, many of our rowers have gone on to compete at the collegiate level and have earned scholarships in rowing. In fact, collegiate rowing scholarships are more attainable than any other sport, with 1 out of 2 girls and 1 out of 6 boys earning scholarships. Roccs' goal is to develop and coach athletes to perform at the highest levels of competition in our sport, and to promote teamwork, commitment, and increased levels of physical fitness.

Program Services

DescriptionGrantsExpenses
FY22 WAS A YEAR FOCUSED ON REBUILDING OUR PROGRAM AFTER COVID TOOK A TOLL ON MEMBERSHIP. WE WERE ABLE TO FUNDRAISE SIGNIFICANTLY AND REINVEST IN EQUIPMENT AND BOATS, PURCHASING 2 NEW RACING SHELLS. WE HOSTED A GROUP OF OLYMPIC HOPEFUL ATHLETES FROM THE CRAFTSBURY OUTDOOR CENTERS IN VERMONT'S GREEN RACING PROJECT DURING WINTER TRAINING WHICH PROVIDED GREAT EXPOSURE AND MENTORSHIP FOR OUR HIGH SCHOOL AND MIDDLE SCHOOL TEAM MEMBERS. ON THE WATER OUR TEAM PERFORMED VERY WELL, EARNING TOP SPOTS AT FL STATE SCULLING CHAMPIONSHIPS AND SOUTHEAST REGIONAL CHAMPIONSHIPS. COLLEGE RECRUITING EFFORTS WERE ALSO SUCCESSFUL WITH ONE OF OUR TEAM MEMBERS EARNING A ROWING SCHOLARSHIP TO THE DIVISION 1 PROGRAM AT UCF AND ANOTHER EARNING A SPOT ON THE VARSITY TEAM AT THE SAME UNIVERSITY.-$88,021
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JIM STAFFORDPresidentPT$0--
MATT GROTJAHNVice PresidePT$0--
CHAD TERRELLTreasurerPT$0--
TARA DONELLYSecretary-$0--
JODI ZAKARIARegatta Dire-$0--
BOBBY WINSLETPublic Relat-$0--
ED GEARMember At La-$0--
JESSICA VILENDRERMember At La-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Casino Night$39,501$39,501$11,714$27,787
Cattle Raffle$5,882$5,882-$5,882
Total Events$45,383$45,383$11,714$33,669
Filing and Contact Details

Filer

Filer Name
Roccs Inc
EIN
20-3645068
Phone
3523543769
Address
309 N APOPKA AVE, INVERNESS, FL 34450

Signing Officer

Name
Chad Terrell
Title
Treasurer
Phone
3363399547
Signed
2023-12-06
Discuss with paid preparer
Yes

Preparer

Firm
Walker Fluke & Sheldon Plc
Address
8700 GULL RD, RICHLAND, MI 49083
Preparer
Katherine K Sheldon
Phone
2696299658
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses promotional expenses 311 lodging 4,568 truck fuel 1,489 interest expense 881 insurance 4,737 boat payments 5,715 launch expenses 537 regatta seat fees 4,526 food & beverage 3,299 dues & subscriptions 2,415 misc equipment & supplies 7,826 roccs sway 1,544 taxes & registration 274 refunds 44 regatta hosting 5,516 boat transportation 550 other expenses 2,867 non-investment depreciation 26,536 total 73,635

Form 990-ez, Part II, Line 24

Equipment 169,119 190,948 less accumulated depreciation 114,855 117,886 other depreciable assets 35,701 0 total 89,965 73,062

Form 990-ez, Part II, Line 26

Note payable 840 0 loan - m2 vhp 394 0 19,231 loan - 2022 vhp29 0 3,713

Form 990-ez, Part III

Roccs is an acronym for the rowing organization of citrus county students. Our purpose is to introduce the sport of crew to any citrus county student who has the drive and determination to pursue it and to provide a resource to adult rowers of all ages. Since roccs was formed in 2007, many of our rowers have gone on to compete at the collegiate level and have earned scholarships in rowing. In fact, collegiate rowing scholarships are more attainable than any other sport, with 1 out of 2 girls and 1 out of 6 boys earning scholarships. Roccs' goal is to develop and coach athletes to perform at the highest levels of competition in our sport, and to promote teamwork, commitment, and increased levels of physical fitness.

Form 990-ez, Part III, Line 28

Fy22 was a year focused on rebuilding our program after covid took a toll on membership. We were able to fundraise significantly and reinvest in equipment and boats, purchasing 2 new racing shells. We hosted a group of olympic hopeful athletes from the craftsbury outdoor centers in vermont's green racing project during winter training which provided great exposure and mentorship for our high school and middle school team members. On the water our team performed very well, earning top spots at fl state sculling championships and southeast regional championships. College recruiting efforts were also successful with one of our team members earning a rowing scholarship to the division 1 program at ucf and another earning a spot on the varsity team at the same university.

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IRS990EZ/PrimaryExemptPurposeTxt0ROCCS IS AN ACRONYM FOR THE ROWING ORGANIZATION OF CITRUS COUNTY STUDENTS. OUR PURPOSE IS TO INTRODUCE THE SPORT OF CREW TO ANY CITRUS COUNTY STUDENT WHO HAS THE DRIVE AND DETERMINATION TO PURSUE IT AND TO PROVIDE A RESOURCE TO ADULT ROWERS OF ALL AGES. SINCE ROCCS WAS FORMED IN 2007, MANY OF OUR ROWERS HAVE GONE ON TO COMPETE AT THE COLLEGIATE LEVEL AND HAVE EARNED SCHOLARSHIPS IN ROWING. IN FACT, COLLEGIATE ROWING SCHOLARSHIPS ARE MORE ATTAINABLE THAN ANY OTHER SPORT, WITH 1 OUT OF 2 GIRLS AND 1 OUT OF 6 BOYS EARNING SCHOLARSHIPS. ROCCS' GOAL IS TO DEVELOP AND COACH ATHLETES TO PERFORM AT THE HIGHEST LEVELS OF COMPETITION IN OUR SPORT, AND TO PROMOTE TEAMWORK, COMMITMENT, AND INCREASED LEVELS OF PHYSICAL FITNESS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES PROMOTIONAL EXPENSES 311 LODGING 4,568 TRUCK FUEL 1,489 INTEREST EXPENSE 881 INSURANCE 4,737 BOAT PAYMENTS 5,715 LAUNCH EXPENSES 537 REGATTA SEAT FEES 4,526 FOOD & BEVERAGE 3,299 DUES & SUBSCRIPTIONS 2,415 MISC EQUIPMENT & SUPPLIES 7,826 ROCCS SWAY 1,544 TAXES & REGISTRATION 274 REFUNDS 44 REGATTA HOSTING 5,516 BOAT TRANSPORTATION 550 OTHER EXPENSES 2,867 NON-INVESTMENT DEPRECIATION 26,536 TOTAL 73,635
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EQUIPMENT 169,119 190,948 LESS ACCUMULATED DEPRECIATION 114,855 117,886 OTHER DEPRECIABLE ASSETS 35,701 0 TOTAL 89,965 73,062
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NOTE PAYABLE 840 0 LOAN - M2 VHP 394 0 19,231 LOAN - 2022 VHP29 0 3,713
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ROCCS IS AN ACRONYM FOR THE ROWING ORGANIZATION OF CITRUS COUNTY STUDENTS. OUR PURPOSE IS TO INTRODUCE THE SPORT OF CREW TO ANY CITRUS COUNTY STUDENT WHO HAS THE DRIVE AND DETERMINATION TO PURSUE IT AND TO PROVIDE A RESOURCE TO ADULT ROWERS OF ALL AGES. SINCE ROCCS WAS FORMED IN 2007, MANY OF OUR ROWERS HAVE GONE ON TO COMPETE AT THE COLLEGIATE LEVEL AND HAVE EARNED SCHOLARSHIPS IN ROWING. IN FACT, COLLEGIATE ROWING SCHOLARSHIPS ARE MORE ATTAINABLE THAN ANY OTHER SPORT, WITH 1 OUT OF 2 GIRLS AND 1 OUT OF 6 BOYS EARNING SCHOLARSHIPS. ROCCS' GOAL IS TO DEVELOP AND COACH ATHLETES TO PERFORM AT THE HIGHEST LEVELS OF COMPETITION IN OUR SPORT, AND TO PROMOTE TEAMWORK, COMMITMENT, AND INCREASED LEVELS OF PHYSICAL FITNESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FY22 WAS A YEAR FOCUSED ON REBUILDING OUR PROGRAM AFTER COVID TOOK A TOLL ON MEMBERSHIP. WE WERE ABLE TO FUNDRAISE SIGNIFICANTLY AND REINVEST IN EQUIPMENT AND BOATS, PURCHASING 2 NEW RACING SHELLS. WE HOSTED A GROUP OF OLYMPIC HOPEFUL ATHLETES FROM THE CRAFTSBURY OUTDOOR CENTERS IN VERMONT'S GREEN RACING PROJECT DURING WINTER TRAINING WHICH PROVIDED GREAT EXPOSURE AND MENTORSHIP FOR OUR HIGH SCHOOL AND MIDDLE SCHOOL TEAM MEMBERS. ON THE WATER OUR TEAM PERFORMED VERY WELL, EARNING TOP SPOTS AT FL STATE SCULLING CHAMPIONSHIPS AND SOUTHEAST REGIONAL CHAMPIONSHIPS. COLLEGE RECRUITING EFFORTS WERE ALSO SUCCESSFUL WITH ONE OF OUR TEAM MEMBERS EARNING A ROWING SCHOLARSHIP TO THE DIVISION 1 PROGRAM AT UCF AND ANOTHER EARNING A SPOT ON THE VARSITY TEAM AT THE SAME UNIVERSITY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY, OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT. THE ORGANIZATION DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY, OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-12-11
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ReturnHeader/ReturnTs02023-12-19T08:46:38-05:00
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