Megunticook Rowing

“Refund on prior year expenses 1,133 total 1,133”

“Cash contribution: 10,888”

“Expenses advertising and promotion 503 office & admin 295 credit card & bank fees 894 dues & subscriptions 405 permits & fees 35 information technology 1,497 travel expenses 1,000 tolls 111 local meetings 171 board retreat 1,200 conferences/conventions away 948 other 272 liability & property insuranc 1,588 vehicle insurance 661 workers' comp 3,409 insurance 2,780 regatta expenses 10,290 meals @ 50% 38 repairs and maintenance 5,095 materials and supplies 3,833 storage 915 small equipment 8,500 registrations 437 fuel 804 non-investment depreciation 6,293 total 51,974”

“NONDEDUCTIBLE MEALS -38”

“Boating equipment 124,599 127,599 less accumulated depreciation 101,576 107,869 total 23,023 19,730”

“Accounts payable and accrued expenses 0 6”

“The mission of megunticook rowing is to create the opportunity for the sport of rowing in the mid-coast maine area, and to educate participants in rowing technique, related skills, and the lifelong benefits of the sport of rowing.”

“Megunticook rowing provides instruction in rowing to all ages in both group and private settings. The organization provides additional opportunities for rowing through hosting and attending regatta events, and leasing equipment to rowers who have demonstrated competence. During 2019 there were 86 participants in the various classes offered, as well as several participants in the equipment rental and storage programs.”

“The organization's bylaws were amended in january, 2019 to increase the maximum number of board members allowed to serve on the board at a given time. Section 4.02(a) of the bylaws now reads, "the number of directors of the corporation shall be fixed from time to time by the board of directors, within a range of no less than three (3) or more than sixteen (16)."”