Civic Intelligence

Liberty Rowinginc DBA Gentle Giant Rowing Club

990 • Fiscal year 2015 • EIN 35-2180580

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 17, 2016

182 Upland RoadCambridge, MA 02140

(617) 547-3125

Siviq Scores

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

Liabilities / Assets

84th percentile

0.28x

Higher debt load relative to assets than 84% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

89th percentile

0.28x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

73rd percentile

17%

Higher net margin than 73% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

80th percentile

$12,500

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

74th percentile

24%

Faster asset growth than 74% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

80th percentile

32%

Faster revenue growth than 80% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$212,064

Up $40,778 (+24%) from 2014

Net Assets

Up

$153,646

Up $34,855 (+29%) from 2014

Liabilities

Up

$58,418

Up $5,923 (+11%) from 2014

Revenue

Up

$205,013

Up $50,165 (+32%) from 2014

Expenses

Up

$170,759

Up $41,324 (+32%) from 2014

Net Income

Up

$34,254

Up $8,841 (+35%) from 2014

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $182,519Liabilities 2010: $152,428Net Assets 2010: $30,0912010Assets 2011: $85,142Liabilities 2011: $36,075Net Assets 2011: $49,0672011Assets 2012: $127,956Liabilities 2012: $66,778Net Assets 2012: $61,1782012Assets 2013: $139,611Liabilities 2013: $41,502Net Assets 2013: $98,1092013Assets 2014: $171,286Liabilities 2014: $52,495Net Assets 2014: $118,7912014Assets 2015: $212,064Liabilities 2015: $58,418Net Assets 2015: $153,6462015Assets 2016: $166,461Liabilities 2016: $18,903Net Assets 2016: $147,5582016Assets 2017: $164,429Liabilities 2017: $14,798Net Assets 2017: $149,6312017Assets 2018: $163,063Liabilities 2018: $14,190Net Assets 2018: $148,8732018Assets 2019: $214,516Liabilities 2019: $14,965Net Assets 2019: $199,5512019Assets 2020: $192,163Liabilities 2020: $17,917Net Assets 2020: $174,2462020Assets 2021: $187,074Liabilities 2021: $15,000Net Assets 2021: $172,0742021Assets 2022: $529,508Liabilities 2022: $388,692Net Assets 2022: $140,8162022Assets 2023: $493,361Liabilities 2023: $385,448Net Assets 2023: $107,9132023Assets 2024: $439,321Liabilities 2024: $354,189Net Assets 2024: $85,1322024

Highlighted filing

2015

Assets$212,064
Liabilities$58,418
Net Assets$153,646

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2010: $75,890Expenses 2010: $69,149Net Income 2010: $6,7412010Revenue 2011: $110,539Expenses 2011: $89,498Net Income 2011: $21,0412011Revenue 2012: $129,688Expenses 2012: $118,165Net Income 2012: $11,5232012Revenue 2013: $156,415Expenses 2013: $117,054Net Income 2013: $39,3612013Revenue 2014: $154,848Expenses 2014: $129,435Net Income 2014: $25,4132014Revenue 2015: $205,013Expenses 2015: $170,759Net Income 2015: $34,2542015Revenue 2016: $165,256Expenses 2016: $171,832Net Income 2016: -$6,5762016Revenue 2017: $189,938Expenses 2017: $187,470Net Income 2017: $2,4682017Revenue 2018: $195,769Expenses 2018: $196,192Net Income 2018: -$4232018Revenue 2019: $220,333Expenses 2019: $170,993Net Income 2019: $49,3402019Revenue 2020: $115,206Expenses 2020: $140,511Net Income 2020: -$25,3052020Revenue 2021: $193,105Expenses 2021: $195,277Net Income 2021: -$2,1722021Revenue 2022: $229,954Expenses 2022: $261,212Net Income 2022: -$31,2582022Revenue 2023: $280,267Expenses 2023: $313,170Net Income 2023: -$32,9032023Revenue 2024: $324,995Expenses 2024: $347,776Net Income 2024: -$22,7812024

Highlighted filing

2015

Revenue$205,013
Expenses$170,759
Net Income$34,254
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 17, 2016
Return Version
2015v2.1
Gross Receipts
$205,013
Mission and Program Overview

Mission

To provide an opportunity for the general public to learn rowing and offer free use rowing classes for high school students from ma communities of somerville, malden, everett and medford.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$133,532$175,438▲ $41,906
Rtn Earn Endowment Incm Other Fnds$118,791$153,646▲ $34,855
Cash and Non-Interest-Bearing Accounts$31,754$36,451▲ $4,697
Accounts Receivable-$175-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$171,286$212,064▲ $40,778
Other Assets Total$6,000$0▼ $6,000
Liabilities
Accounts Payable and Accrued Expenses$5,500$32,865▲ $27,365
Unsecured Notes Loans Payable$39,995$18,518▼ $21,477
Deferred Revenue$7,000$7,035▲ $35
Total Liabilities$52,495$58,418▲ $5,923
Net Assets / Fund Balance
Total Net Assets Fund Balance$118,791$153,646▲ $34,855
Total Liabilities and Net Assets / Fund Balance$171,286$212,064▲ $40,778

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$175,438$218,411$393,849
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richard WhelanDirectorPT$12,500$12,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$153,872
Program Service Revenue
$26,741
Investment Income
$24,400
Other Revenue
$0
All Other Contributions
$90,772
Change in Net Assets
$34,254
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$95,197
Salaries, Compensation, and Employee Benefits$55,562
Grants and Similar Amounts Paid$20,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$54,067--$54,067
Other Salaries and Wages$50,550--$50,550
Grants to Domestic Orgs$20,000--$20,000
Fees for Services Accounting-$6,000-$6,000
Insurance$5,771--$5,771
Payroll Taxes$5,012--$5,012
Advertising-$3,855-$3,855
Interest$1,594--$1,594
Office Expenses-$1,478-$1,478
Occupancy$1,000--$1,000
Other Expenses$7,246$145-$145
Information Technology$90--$90
All Other Expenses-$5-$5
Total Functional Expenses$158,877$11,882$0$170,759
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Malden Rowing Foundation IncMalden, MA-The Boats Were Donated to Support an Organization That Supports Rowing Within the Malden, Ma Community-
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Distributed to the board at a board meeting to review

Form 990, Part VI, Section C, Line 19

Available to the public upon request

Filing and Contact Details

Filer

Filer Name
Liberty Rowinginc
EIN
35-2180580
Phone
6175473125
Address
182 UPLAND ROAD, CAMBRIDGE, MA 02140

Signing Officer

Name
Frederick Levy
Title
Treasurer
Phone
6175473125
Signed
2016-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frederick Levy
Formed
2002
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
10
Volunteers
35

Preparer

Firm
Rodman & Rodman Pc
Address
51 SAWYER ROAD STE 610, WALTHAM, MA 02453
Preparer
Steven P Rodman
Phone
6179655959
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Depreciation not charged against book income 601.

FORM 990, PART XII, LINE 1:

The organization maintains its books on the accrual basis and adjusts for book and tax depreciation differences

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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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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt020000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt030000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt030000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt020000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0130000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0162884
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0136401
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0118383
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0105648
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt085039
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0608355
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearAmt0500
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus1YearAmt01500
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus2YearsAmt012000
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus3YearsAmt012000
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus4YearsAmt012000
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt038000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt017229
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt016947
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt016035
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt012040
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt013500
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt075751
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.82000
IRS990ScheduleA/PublicSupportPY509Pct00.80560
IRS990ScheduleA/PublicSupportTotal509Amt0592106
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt030000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt020000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt030000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt030000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt020000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0130000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0180613
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0154848
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0146418
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0129688
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0110539
IRS990ScheduleA/Total509Grp/TotalAmt0722106
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0180613
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0154848
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0146418
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0129688
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0110539
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0722106
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0175438
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0218411
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0393849
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0175438
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt020000
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0BOATS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0THE BOATS WERE DONATED TO SUPPORT AN ORGANIZATION THAT SUPPORTS ROWING WITHIN THE MALDEN, MA COMMUNITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MALDEN ROWING FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0461944564
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt067 BAINBRIDGE STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MALDEN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0021482937
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DISTRIBUTED TO THE BOARD AT A BOARD MEETING TO REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DEPRECIATION NOT CHARGED AGAINST BOOK INCOME 601.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAINTAINS ITS BOOKS ON THE ACCRUAL BASIS AND ADJUSTS FOR BOOK AND TAX DEPRECIATION DIFFERENCES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 1:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0171286
IRS990/TotalAssetsEOYAmt0212064
IRS990/TotalAssetsGrp/BOYAmt0171286
IRS990/TotalAssetsGrp/EOYAmt0212064
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0153872
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011882
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0158877
IRS990/TotalFunctionalExpensesGrp/TotalAmt0170759
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt052495
IRS990/TotalLiabilitiesEOYAmt058418
IRS990/TotalLiabilitiesGrp/BOYAmt052495
IRS990/TotalLiabilitiesGrp/EOYAmt058418
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0118791
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0153646
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0158877
IRS990/TotalProgramServiceRevenueAmt026741
IRS990/TotalReportableCompFromOrgAmt012500
IRS990/TotalRevenueGrp/ExclusionAmt024400
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt026741
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0205013
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt035
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0171286
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0212064
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.39$3.54$0.85$3.25$3.48$0.23
2023Detailed filing. Detailed filing data is available for this year.$4.93$3.85$1.08$2.80$3.13$0.33
2022Detailed filing. Detailed filing data is available for this year.$5.30$3.89$1.41$2.30$2.61$0.31
2021Detailed filing. Detailed filing data is available for this year.$1.87$0.15$1.72$1.93$1.95$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.92$0.18$1.74$1.15$1.41$0.25
2019Detailed filing. Detailed filing data is available for this year.$2.15$0.15$2.00$2.20$1.71$0.49
2018Detailed filing. Detailed filing data is available for this year.$1.63$0.14$1.49$1.96$1.96$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.64$0.15$1.50$1.90$1.87$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.66$0.19$1.48$1.65$1.72$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.12$0.58$1.54$2.05$1.71$0.34
2014Detailed filing. Detailed filing data is available for this year.$1.71$0.52$1.19$1.55$1.29$0.25
2013Detailed filing. Detailed filing data is available for this year.$1.40$0.42$0.98$1.56$1.17$0.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.67$0.61$1.30$1.18$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.36$0.49$1.11$0.89$0.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.83$1.52$0.30$0.76$0.69$0.07