Civic Intelligence

Liberty Rowinginc DBA Gentle Giant Rowing Club

990 • Fiscal year 2017 • EIN 35-2180580

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 18, 2018

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

77th percentile

0.09x

Higher debt load relative to assets than 77% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

0.08x

Higher debt load relative to revenue than 80% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

45th percentile

1.3%

Higher net margin than 45% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

82nd percentile

$16,215

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

42nd percentile

-1.2%

Faster asset growth than 42% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

68th percentile

15%

Faster revenue growth than 68% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$164,429

Down $2,032 (-1.2%) from 2016

Net Assets

Up

$149,631

Up $2,073 (+1.4%) from 2016

Liabilities

Down

$14,798

Down $4,105 (-22%) from 2016

Revenue

Up

$189,938

Up $24,682 (+15%) from 2016

Expenses

Up

$187,470

Up $15,638 (+9.1%) from 2016

Net Income

Up

$2,468

Up $9,044 (+138%) from 2016

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

2017

Assets$164,429
Liabilities$14,798
Net Assets$149,631

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

2017

Revenue$189,938
Expenses$187,470
Net Income$2,468
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 18, 2018
Return Version
2017v2.2
Gross Receipts
$189,938
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
Rtn Earn Endowment Incm Other Fnds$147,558$149,631▲ $2,073
Land, Buildings, and Equipment, Net$155,828$131,992▼ $23,836
Cash and Non-Interest-Bearing Accounts$10,633$23,927▲ $13,294
Accounts Receivable-$8,510-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$166,461$164,429▼ $2,032
Liabilities
Deferred Revenue$7,250$7,570▲ $320
Accounts Payable and Accrued Expenses$6,963$7,228▲ $265
Unsecured Notes Loans Payable$4,690--
Total Liabilities$18,903$14,798▼ $4,105
Net Assets / Fund Balance
Total Net Assets Fund Balance$147,558$149,631▲ $2,073
Total Liabilities and Net Assets / Fund Balance$166,461$164,429▼ $2,032

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$131,992$307,137$439,129
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richard WhelanDirectorPT$16,215$16,215

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$141,808
Program Service Revenue
$34,470
Investment Income
$13,660
Other Revenue
$0
All Other Contributions
$65,344
Change in Net Assets
$2,468
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$108,551
Salaries, Compensation, and Employee Benefits$78,919
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$70,845--$70,845
Depreciation Depletion$55,908--$55,908
Payroll Taxes$8,074--$8,074
Insurance$7,418--$7,418
Fees for Services Accounting-$6,500-$6,500
Occupancy$6,000--$6,000
Advertising-$4,648-$4,648
Office Expenses-$858-$858
Other Expenses$10,958$294-$294
Interest$79--$79
Total Functional Expenses$175,170$12,300$0$187,470
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 11B

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
2018-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frederick Levy
Formed
2002
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
15
Volunteers
55

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 tax income -395.

FORM 990, PART XII, LINE 1:

The organization maintains its book 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/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0162884
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0136401
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0118383
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0578778
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearAmt0500
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus1YearAmt0500
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus2YearsAmt0500
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus3YearsAmt01500
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus4YearsAmt012000
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt015000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt016786
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt016330
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt017229
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt016947
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt016035
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt083327
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.82280
IRS990ScheduleA/PublicSupportPY509Pct00.83170
IRS990ScheduleA/PublicSupportTotal509Amt0557105
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt020000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt020000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt030000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt020000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt030000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0120000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt034470
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0160756
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0180613
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0154848
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0146418
IRS990ScheduleA/Total509Grp/TotalAmt0677105
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt034470
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0160756
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0180613
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0154848
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0146418
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0677105
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0131992
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0307137
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0439129
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0131992
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 TAX INCOME -395.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAINTAINS ITS BOOK ON THE ACCRUAL BASIS AND ADJUSTS FOR BOOK AND TAX DEPRECIATION DIFFERENCES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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/TotalAssetsBOYAmt0166461
IRS990/TotalAssetsEOYAmt0164429
IRS990/TotalAssetsGrp/BOYAmt0166461
IRS990/TotalAssetsGrp/EOYAmt0164429
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0141808
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012300
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0175170
IRS990/TotalFunctionalExpensesGrp/TotalAmt0187470
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018903
IRS990/TotalLiabilitiesEOYAmt014798
IRS990/TotalLiabilitiesGrp/BOYAmt018903
IRS990/TotalLiabilitiesGrp/EOYAmt014798
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0147558
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0149631
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0175170
IRS990/TotalProgramServiceRevenueAmt034470
IRS990/TotalReportableCompFromOrgAmt016215
IRS990/TotalRevenueGrp/ExclusionAmt013660
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt034470
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0189938
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt055
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0166461
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0164429
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt04690
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0182 UPLAND ROAD
IRS990/USAddress/CityNm0CAMBRIDGE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002140
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0FREDERICK LEVY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06175473125
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIBERTY ROWINGINC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DBA GENTLE GIANT ROWING CLUB
ReturnHeader/Filer/BusinessNameControlTxt0LIBE
ReturnHeader/Filer/EIN0352180580
ReturnHeader/Filer/PhoneNum06175473125
ReturnHeader/Filer/USAddress/AddressLine1Txt0182 UPLAND ROAD
ReturnHeader/Filer/USAddress/CityNm0CAMBRIDGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002140

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