Civic Intelligence

Megunticook Rowing

990EZ • Fiscal year 2021 • EIN 26-3944267

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 12, 2022

PO Box 855Camden, ME 04843

(207) 691-1100

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

79th percentile

37%

Higher net margin than 79% of similar nonprofits.

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

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

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

Asset Growth

87th percentile

85%

Faster asset growth than 87% of similar nonprofits.

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

Revenue Growth

78th percentile

61%

Faster revenue growth than 78% of similar nonprofits.

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

Assets

Up

$124,781

Up $57,411 (+85%) from 2020

Net Assets

Up

$124,781

Up $57,411 (+85%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$156,308

Up $59,016 (+61%) from 2020

Expenses

Up

$98,891

Up $11,376 (+13%) from 2020

Net Income

Up

$57,417

Up $47,640 (+487%) from 2020

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2016: $67,760Liabilities 2016: $850Net Assets 2016: $66,9102016Assets 2017: $36,222Net Assets 2017: $36,2222017Assets 2018: $39,788Net Assets 2018: $39,7882018Assets 2019: $57,674Liabilities 2019: $6Net Assets 2019: $57,6682019Assets 2020: $67,370Net Assets 2020: $67,3702020Assets 2021: $124,781Net Assets 2021: $124,7812021Assets 2022: $134,423Net Assets 2022: $134,4232022Assets 2023: $105,027Net Assets 2023: $105,0272023Assets 2024: $67,723Net Assets 2024: $67,7232024

Highlighted filing

2021

Assets$124,781
Liabilities-
Net Assets$124,781

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2016: $62,970Expenses 2016: $78,273Net Income 2016: -$15,3032016Revenue 2017: $61,608Expenses 2017: $92,072Net Income 2017: -$30,4642017Revenue 2018: $84,278Expenses 2018: $80,297Net Income 2018: $3,9812018Revenue 2019: $113,125Expenses 2019: $95,207Net Income 2019: $17,9182019Revenue 2020: $97,292Expenses 2020: $87,515Net Income 2020: $9,7772020Revenue 2021: $156,308Expenses 2021: $98,891Net Income 2021: $57,4172021Revenue 2022: $155,018Expenses 2022: $145,331Net Income 2022: $9,6872022Revenue 2023: $113,886Expenses 2023: $143,282Net Income 2023: -$29,3962023Revenue 2024: $90,514Expenses 2024: $127,817Net Income 2024: -$37,3032024

Highlighted filing

2021

Revenue$156,308
Expenses$98,891
Net Income$57,417
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 12, 2022
Return Version
2021v4.0
Gross Receipts
$158,416
Mission and Program Overview

Mission

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.

Program Services

DescriptionGrantsExpenses
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 2021 THERE WERE OVER 280 PARTICIPANTS IN THE VARIOUS CLASSES OFFERED, AS WELL AS SEVERAL PARTICIPANTS IN THE EQUIPMENT RENTAL AND STORAGE PROGRAMS.-$80,451
IN 2021, MEGUNTICOOK ROWING HAD 21 PARTICIPANTS IN ITS PROGRAM FOR WINTER/OFF-SEASON TRAINING AND CLASSES, PROVIDING ADDITIONAL AND CONTINUED ROWING AND SAFETY PROGRAMING.-$8,381
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JO-ANN COOKPresidentPT$0--
MARGARET WEBBVice PresidePT$0--
JOHN ROMAINSecretaryPT$0--
CHRIS FACQTreasurerPT$0--
ROBERT SHORTDirector-$0--
PAMELA DELEHEYDirector-$0--
SOPHIE PICONIDirector-$0--
SARAH KATUZNYDirector-$0--
ERIC BUCKDirector-$0--
Filing and Contact Details

Filer

Filer Name
Megunticook Rowing
EIN
26-3944267
Phone
2076911100
Address
PO BOX 855, CAMDEN, ME 04843

Signing Officer

Name
Margaret Webb
Title
Vice President
Phone
2076911100
Signed
2022-11-12
Discuss with paid preparer
Yes

Preparer

Firm
Williams CPA Group LLC
Address
PO BOX 839, ROCKPORT, ME 04856
Preparer
David R Williams
Phone
2072368781
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 1,161 office & admin 71 merchant fees 2,012 dues & subscriptions 3,683 permits & fees 35 website 1,907 miscellaneous it 17 truck expenses 726 board retreat 2,000 liability & property insuranc 434 workers' comp 3,196 director & officer insurance 818 property insurance 2,021 regatta expenses 3,852 repairs and maintenance 3,420 materials and supplies 1,229 small equipment 2,000 boat fuel 486 boat registrations 129 miscellaneous 561 clothing 225 meals @ 50% 7 meals @ 100% 948 non-investment depreciation 8,696 total 39,634

Form 990-ez, Part I, Line 20

NONDEDUCTIBLE MEALS -6

Form 990-ez, Part II, Line 24

Boating equipment 140,360 147,428 less accumulated depreciation 114,632 115,202 total 25,728 32,226

Form 990-ez, Part III

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.

Form 990-ez, Part III, Line 28

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 2021 there were over 280 participants in the various classes offered, as well as several participants in the equipment rental and storage programs.

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IRS990EZ/PrimaryExemptPurposeTxt0THE 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.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1IN 2021, MEGUNTICOOK ROWING HAD 21 PARTICIPANTS IN ITS PROGRAM FOR WINTER/OFF-SEASON TRAINING AND CLASSES, PROVIDING ADDITIONAL AND CONTINUED ROWING AND SAFETY PROGRAMING.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 1,161 OFFICE & ADMIN 71 MERCHANT FEES 2,012 DUES & SUBSCRIPTIONS 3,683 PERMITS & FEES 35 WEBSITE 1,907 MISCELLANEOUS IT 17 TRUCK EXPENSES 726 BOARD RETREAT 2,000 LIABILITY & PROPERTY INSURANC 434 WORKERS' COMP 3,196 DIRECTOR & OFFICER INSURANCE 818 PROPERTY INSURANCE 2,021 REGATTA EXPENSES 3,852 REPAIRS AND MAINTENANCE 3,420 MATERIALS AND SUPPLIES 1,229 SMALL EQUIPMENT 2,000 BOAT FUEL 486 BOAT REGISTRATIONS 129 MISCELLANEOUS 561 CLOTHING 225 MEALS @ 50% 7 MEALS @ 100% 948 NON-INVESTMENT DEPRECIATION 8,696 TOTAL 39,634
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NONDEDUCTIBLE MEALS -6
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOATING EQUIPMENT 140,360 147,428 LESS ACCUMULATED DEPRECIATION 114,632 115,202 TOTAL 25,728 32,226
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEGUNTICOOK 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 2021 THERE WERE OVER 280 PARTICIPANTS IN THE VARIOUS CLASSES OFFERED, AS WELL AS SEVERAL PARTICIPANTS IN THE EQUIPMENT RENTAL AND STORAGE PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/ReturnTs02022-11-14T14:24:34-05:00
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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