Civic Intelligence

Marin Rowing Association

990 • Fiscal year 2021 • EIN 23-7448092

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 07, 2022

50 Drakes Landing RoadGreenbrae, CA 94904

(415) 461-1431

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

23rd percentile

0.01x

Higher debt load relative to revenue than 23% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

67th percentile

24%

Higher net margin than 67% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

83rd percentile

$142,772

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

47th percentile

8.1%

Faster asset growth than 47% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

67th percentile

31%

Faster revenue growth than 67% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,898,429

Up $290,541 (+8.1%) from 2020

Net Assets

Up

$3,887,220

Up $429,232 (+12%) from 2020

Liabilities

Down

$11,209

Down $138,691 (-93%) from 2020

Revenue

Up

$1,787,599

Up $424,170 (+31%) from 2020

Expenses

Up

$1,358,367

Up $87,443 (+6.9%) from 2020

Net Income

Up

$429,232

Up $336,727 (+364%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,314,276Liabilities 2011: $0Net Assets 2011: $2,314,2762011Assets 2012: $2,491,567Liabilities 2012: $21,114Net Assets 2012: $2,470,4532012Assets 2013: $2,705,825Liabilities 2013: $4,488Net Assets 2013: $2,701,3372013Assets 2014: $2,802,610Liabilities 2014: $565Net Assets 2014: $2,802,0452014Assets 2015: $2,972,002Liabilities 2015: $1,973Net Assets 2015: $2,970,0292015Assets 2016: $2,993,154Liabilities 2016: $0Net Assets 2016: $2,993,1542016Assets 2017: $3,161,635Liabilities 2017: $4,586Net Assets 2017: $3,157,0492017Assets 2018: $3,206,936Liabilities 2018: $19,849Net Assets 2018: $3,187,0872018Assets 2019: $3,365,483Liabilities 2019: $0Net Assets 2019: $3,365,4832019Assets 2020: $3,607,888Liabilities 2020: $149,900Net Assets 2020: $3,457,9882020Assets 2021: $3,898,429Liabilities 2021: $11,209Net Assets 2021: $3,887,2202021Assets 2022: $3,885,218Liabilities 2022: $39,844Net Assets 2022: $3,845,3742022Assets 2023: $4,028,539Liabilities 2023: $0Net Assets 2023: $4,028,5392023Assets 2024: $4,048,227Liabilities 2024: $11,339Net Assets 2024: $4,036,8882024

Highlighted filing

2021

Assets$3,898,429
Liabilities$11,209
Net Assets$3,887,220

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,038,4622011Expenses 2012: $1,147,0382012Revenue 2013: $1,437,163Expenses 2013: $1,206,279Net Income 2013: $230,8842013Revenue 2014: $1,339,144Expenses 2014: $1,238,436Net Income 2014: $100,7082014Revenue 2015: $1,565,294Expenses 2015: $1,397,310Net Income 2015: $167,9842015Revenue 2016: $1,337,235Expenses 2016: $1,314,110Net Income 2016: $23,1252016Revenue 2017: $1,647,322Expenses 2017: $1,483,427Net Income 2017: $163,8952017Revenue 2018: $1,537,447Expenses 2018: $1,507,409Net Income 2018: $30,0382018Revenue 2019: $1,640,318Expenses 2019: $1,461,922Net Income 2019: $178,3962019Revenue 2020: $1,363,429Expenses 2020: $1,270,924Net Income 2020: $92,5052020Revenue 2021: $1,787,599Expenses 2021: $1,358,367Net Income 2021: $429,2322021Revenue 2022: $1,653,235Expenses 2022: $1,695,081Net Income 2022: -$41,8462022Revenue 2023: $1,815,959Expenses 2023: $1,632,793Net Income 2023: $183,1662023Revenue 2024: $1,668,088Expenses 2024: $1,659,739Net Income 2024: $8,3492024

Highlighted filing

2021

Revenue$1,787,599
Expenses$1,358,367
Net Income$429,232
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 7, 2022
Return Version
2021v4.0
Gross Receipts
$2,645,345
Mission and Program Overview

Mission

The program provides education in the art of rowing which benefits youth and adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,583,093$1,423,461▼ $159,632
Investments in Publicly Traded Securities$838,834$1,028,000▲ $189,166
Savings and Temporary Cash Investments$793,778$989,881▲ $196,103
Cash and Non-Interest-Bearing Accounts$354,698$431,142▲ $76,444
Inventories for Sale or Use$16,735$5,195▼ $11,540
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,607,888$3,898,429▲ $290,541
Other Assets Total$20,750$20,750→ $0
Liabilities
Grants Payable$149,900--
Other Liabilities-$11,209-
Total Liabilities$149,900$11,209▼ $138,691
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,457,988$3,887,220▲ $429,232
Total Net Assets Fund Balance$3,457,988$3,887,220▲ $429,232
Total Liabilities and Net Assets / Fund Balance$3,607,888$3,898,429▲ $290,541

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,852,298-$1,852,298
Buildings$1,605,927-$1,605,927
Other Land Buildings$-2,034,764$2,185,200$150,436
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sandy ArmstrongExecutive DirectorFT$142,772$142,772

Board Members and Trustees

NameTitle
Joshua RafnerPresident & CEO
Erin MoodyDirector
Jennifer BowmanDirector
John DavisDirector
John YoungerDirector
Kate BoydDirector
Raoul WertzDirector
Marta OsterlohSecretary
John LawsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$180,136
Program Service Revenue
$1,223,197
Investment Income
$370,492
Other Revenue
$13,774
All Other Contributions
$54,636
Change in Net Assets
$429,232
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$803,869
Other Expenses$539,825
Grants and Similar Amounts Paid$14,673
Total Fundraising Expense$1,794
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$416,082$139,593-$555,675
Depreciation Depletion$225,869--$225,869
Current Officers, Directors, Trustees, and Key Employees$53,336$89,436-$142,772
Insurance$72,088--$72,088
Travel$67,122--$67,122
Payroll Taxes$42,495$10,615-$53,110
Other Employee Benefits$23,902$9,500-$33,402
Occupancy$21,748--$21,748
Pension Plan Contributions$14,075$4,835-$18,910
Grants to Domestic Individuals$14,673--$14,673
Other Expenses$14,323--$14,323
Office Expenses-$13,238-$13,238
Fees for Services Other$11,825--$11,825
Interest-$4,711-$4,711
All Other Expenses$1,589-$1,794$3,383
Fees for Services Accounting-$1,720-$1,720
Total Functional Expenses$1,082,925$273,648$1,794$1,358,367
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,108
Professional Fundraising Fees$0
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card$11,209
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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, Line 11B: Form 990 Review Process

Review of 990 by executive director and board of directors prior to signing and mailing timely return.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Conflict of interest policy is executed annually by each Director. Following the annual meeting, the Executive Director reviews each conflict of interest statement immediately thereafter.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Marin Rowing Association
EIN
23-7448092
Phone
4154611431
Address
50 Drakes Landing Road, Greenbrae, CA 94904

Signing Officer

Name
Sandy Armstrong
Title
Executive Director
Signed
2022-06-07
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
19

Preparer

Firm
Regina Bianucci Rus CPA
Address
715 Eucalyptus Ave, Novato, CA 94947
Preparer
Regina Bianucci Rus
Phone
4158976005
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt355129
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt019841
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IRS990/PYOtherExpensesAmt0500507
IRS990/PYOtherRevenueAmt050118
IRS990/PYProgramServiceRevenueAmt0937606
IRS990/PYRevenuesLessExpensesAmt092505
IRS990/PYSalariesCompEmpBnftPaidAmt0750576
IRS990/PYTotalExpensesAmt01270924
IRS990/PYTotalRevenueAmt01363429
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0429232
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0793778
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0676187
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0520333
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0459987
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt030573
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt030497
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt022557
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0907905
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0951197
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01262580
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05284090
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt030573
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt030497
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IRS990ScheduleA/InvestmentIncomeCYPct00.05610
IRS990ScheduleA/InvestmentIncomePYPct00.01730
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/PublicSupportPY509Pct00.97030
IRS990ScheduleA/PublicSupportTotal509Amt07945255
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt025000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt025000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt090000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01400916
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01253748
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02186494
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01471530
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01722567
IRS990ScheduleA/Total509Grp/TotalAmt08035255
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01757805
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01290674
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02217067
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01502027
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01745124
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08512697
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.05$0.01$4.04$1.67$1.66$0.01
2023Detailed filing. Detailed filing data is available for this year.$4.03$0.00$4.03$1.82$1.63$0.18
2022Detailed filing. Detailed filing data is available for this year.$3.89$0.04$3.85$1.65$1.70$0.04
2021Detailed filing. Detailed filing data is available for this year.$3.90$0.01$3.89$1.79$1.36$0.43
2020Detailed filing. Detailed filing data is available for this year.$3.61$0.15$3.46$1.36$1.27$0.09
2019Detailed filing. Detailed filing data is available for this year.$3.37$0.00$3.37$1.64$1.46$0.18
2018Detailed filing. Detailed filing data is available for this year.$3.21$0.02$3.19$1.54$1.51$0.03
2017Detailed filing. Detailed filing data is available for this year.$3.16$0.00$3.16$1.65$1.48$0.16
2016Detailed filing. Detailed filing data is available for this year.$2.99$0.00$2.99$1.34$1.31$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.97$0.00$2.97$1.57$1.40$0.17
2014Detailed filing. Detailed filing data is available for this year.$2.80$0.00$2.80$1.34$1.24$0.10
2013Detailed filing. Detailed filing data is available for this year.$2.71$0.00$2.70$1.44$1.21$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$0.02$2.47$1.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.00$2.31$1.04