Civic Intelligence

Viking Rowing Foundation Inc.

990 • Fiscal year 2018 • EIN 22-2544535

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 18, 2019

2006 Cornwall AveNorthfield, NJ 08225

(609) 641-8973

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.09x

Higher debt load relative to assets than 62% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

0.74x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

65th percentile

10%

Higher net margin than 65% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

32nd percentile

-3.4%

Faster asset growth than 32% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

24th percentile

-9.5%

Faster revenue growth than 24% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$682,415

Down $23,880 (-3.4%) from 2017

Net Assets

Up

$621,757

Up $5,557 (+0.9%) from 2017

Liabilities

Down

$60,658

Down $29,437 (-33%) from 2017

Revenue

Down

$82,385

Down $8,681 (-9.5%) from 2017

Expenses

Down

$74,108

Down $10,473 (-12%) from 2017

Net Income

Up

$8,277

Up $1,792 (+28%) from 2017

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $761,426Liabilities 2011: $254,924Net Assets 2011: $506,5022011Assets 2012: $748,035Liabilities 2012: $228,800Net Assets 2012: $519,2352012Assets 2013: $735,592Liabilities 2013: $202,153Net Assets 2013: $533,4392013Assets 2014: $714,628Liabilities 2014: $174,970Net Assets 2014: $539,6582014Assets 2015: $726,740Liabilities 2015: $147,245Net Assets 2015: $579,4952015Assets 2016: $722,840Liabilities 2016: $118,950Net Assets 2016: $603,8902016Assets 2017: $706,295Liabilities 2017: $90,095Net Assets 2017: $616,2002017Assets 2018: $682,415Liabilities 2018: $60,658Net Assets 2018: $621,7572018Assets 2019: $652,147Liabilities 2019: $30,630Net Assets 2019: $621,5172019Assets 2020: $637,202Liabilities 2020: $0Net Assets 2020: $637,2022020Assets 2021: $651,725Liabilities 2021: $0Net Assets 2021: $651,7252021Assets 2022: $624,326Liabilities 2022: $0Net Assets 2022: $624,3262022Assets 2023: $647,091Liabilities 2023: $0Net Assets 2023: $647,0912023Assets 2024: $654,338Liabilities 2024: $0Net Assets 2024: $654,3382024

Highlighted filing

2018

Assets$682,415
Liabilities$60,658
Net Assets$621,757

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $110,889Expenses 2011: $69,641Net Income 2011: $41,2482011Revenue 2012: $89,332Expenses 2012: $76,599Net Income 2012: $12,7332012Revenue 2013: $93,427Expenses 2013: $79,223Net Income 2013: $14,2042013Revenue 2014: $94,378Expenses 2014: $88,159Net Income 2014: $6,2192014Revenue 2015: $124,778Expenses 2015: $83,396Net Income 2015: $41,3822015Revenue 2016: $102,268Expenses 2016: $80,709Net Income 2016: $21,5592016Revenue 2017: $91,066Expenses 2017: $84,581Net Income 2017: $6,4852017Revenue 2018: $82,385Expenses 2018: $74,108Net Income 2018: $8,2772018Revenue 2019: $76,700Expenses 2019: $87,145Net Income 2019: -$10,4452019Revenue 2020: $83,476Expenses 2020: $76,715Net Income 2020: $6,7612020Revenue 2021: $85,346Expenses 2021: $84,283Net Income 2021: $1,0632021Revenue 2022: $83,620Expenses 2022: $96,453Net Income 2022: -$12,8332022Revenue 2023: $120,309Expenses 2023: $111,433Net Income 2023: $8,8762023Revenue 2024: $95,659Expenses 2024: $104,945Net Income 2024: -$9,2862024

Highlighted filing

2018

Revenue$82,385
Expenses$74,108
Net Income$8,277
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 18, 2019
Return Version
2018v3.1
Gross Receipts
$83,030
Mission and Program Overview

Mission

Education and train youths in rowing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$660,268$627,752▼ $32,516
Investments in Publicly Traded Securities$37,167$35,106▼ $2,061
Savings and Temporary Cash Investments$4,444$19,184▲ $14,740
Cash and Non-Interest-Bearing Accounts$4,416$373▼ $4,043
Total Assets$706,295$682,415▼ $23,880
Liabilities
Mortgage Notes Payable Secured by Investment Property$90,095$60,658▼ $29,437
Total Liabilities$90,095$60,658▼ $29,437
Net Assets / Fund Balance
Unrestricted Net Assets$616,200$621,757▲ $5,557
Total Net Assets Fund Balance$616,200$621,757▲ $5,557
Total Liabilities and Net Assets / Fund Balance$706,295$682,415▼ $23,880

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$627,752$610,621$1,238,373
Compensation and Service Providers

Board Members and Trustees

NameTitle
Larry ConnellPresident
Ward HollandV. President
Jim IrelandBoard Member
Megan HollandBoard Member
Robert KerstetterBoard Memebr
Scott JonesSecretary
RAY D'AMICOTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$15,786
Program Service Revenue
$65,788
Investment Income
$811
Other Revenue
$0
All Other Contributions
$10,000
Change in Net Assets
$8,277
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$74,108
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$36,029--$36,029
Occupancy$17,737--$17,737
Fees for Services Management$4,950$550-$5,500
Fees for Services Accounting-$2,480-$2,480
Interest$1,655--$1,655
Insurance$1,136$126-$1,262
Other Expenses$1,106--$1,106
All Other Expenses-$981-$981
Office Expenses-$690-$690
Total Functional Expenses$69,281$4,827$0$74,108
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$595
Fundraising Gross Income$595
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberManagement FeesNo$5,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Business relationship with family members
No
Business relationship with organization members
Yes
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 2

Ward holland megan holland vp board member father-daughter

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

Board reviews with cpa preparer prior to filing

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Viking Rowing Foundation Inc
EIN
22-2544535
Phone
6096418973
Address
2006 CORNWALL AVE, NORTHFIELD, NJ 08225

Signing Officer

Name
RAY D'AMICO
Title
Treasurer
Phone
6096418973
Signed
2019-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Connell
Formed
1983
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
45

Preparer

Firm
Fitzpatrick Bongiovanni & Kelly Pc
Address
PO BOX 942, MARMORA, NJ 08223
Preparer
Robert J Kelly Jr
Phone
6093908855
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Direct special event costs 595 direct special event costs -595

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECT SPECIAL EVENT COSTS 595 DIRECT SPECIAL EVENT COSTS -595
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt069281
IRS990/TotalFunctionalExpensesGrp/TotalAmt074108
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt090095
IRS990/TotalLiabilitiesEOYAmt060658
IRS990/TotalLiabilitiesGrp/BOYAmt090095
IRS990/TotalLiabilitiesGrp/EOYAmt060658
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0621757
IRS990/TotalProgramServiceExpensesAmt069281
IRS990/TotalProgramServiceRevenueAmt065788
IRS990/TotalRevenueGrp/ExclusionAmt0711
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt065888
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt082385
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IRS990/WebsiteAddressTxt0WWW.VIKINGROWINGCLUB.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RAY D'AMICO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06096418973
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VIKING ROWING FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0VIKI
ReturnHeader/Filer/EIN0222544535
ReturnHeader/Filer/PhoneNum06096418973
ReturnHeader/Filer/USAddress/AddressLine1Txt02006 CORNWALL AVE
ReturnHeader/Filer/USAddress/CityNm0NORTHFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId09FCC5875FBAB208C7DCB5E88B28557A7C5B7E7CB
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09FCC5875FBAB208C7DCB5E88B28557A7C5B7E7CB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.224.175.198
ReturnHeader/FilingSecurityInformation/IPDt02019-06-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:40:16
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223507266
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FITZPATRICK BONGIOVANNI & KELLY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 942
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MARMORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008223
ReturnHeader/PreparerPersonGrp/PhoneNum06093908855
ReturnHeader/PreparerPersonGrp/PreparationDt02019-06-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT J KELLY JR
ReturnHeader/ReturnTs02019-06-28T10:40:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.54$0.00$6.54$0.96$1.05$0.09
2023Detailed filing. Detailed filing data is available for this year.$6.47$0.00$6.47$1.20$1.11$0.09
2022Detailed filing. Detailed filing data is available for this year.$6.24$0.00$6.24$0.84$0.96$0.13
2021Detailed filing. Detailed filing data is available for this year.$6.52$0.00$6.52$0.85$0.84$0.01
2020Detailed filing. Detailed filing data is available for this year.$6.37$0.00$6.37$0.83$0.77$0.07
2019Detailed filing. Detailed filing data is available for this year.$6.52$0.31$6.22$0.77$0.87$0.10
2018Detailed filing. Detailed filing data is available for this year.$6.82$0.61$6.22$0.82$0.74$0.08
2017Detailed filing. Detailed filing data is available for this year.$7.06$0.90$6.16$0.91$0.85$0.06
2016Detailed filing. Detailed filing data is available for this year.$7.23$1.19$6.04$1.02$0.81$0.22
2015Summary only. Only limited summary data is available for this year.$7.27$1.47$5.79$1.25$0.83$0.41
2014Summary only. Only limited summary data is available for this year.$7.15$1.75$5.40$0.94$0.88$0.06
2013Summary only. Only limited summary data is available for this year.$7.36$2.02$5.33$0.93$0.79$0.14
2012Summary only. Only limited summary data is available for this year.$7.48$2.29$5.19$0.89$0.77$0.13
2011Summary only. Only limited summary data is available for this year.$7.61$2.55$5.07$1.11$0.70$0.41