Civic Intelligence

Chicago Rowing Foundation

990 • Fiscal year 2014 • EIN 36-3137851

Sep 01, 2013 to Aug 31, 2014 • Filed on Jul 13, 2015

309 W Washington Street No 95060606-3210

(312) 332-0820

Siviq Scores

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

Liabilities / Assets

66th percentile

0.16x

Higher debt load relative to assets than 66% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

73rd percentile

0.20x

Higher debt load relative to revenue than 73% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

16th percentile

-16%

Higher net margin than 16% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

30th percentile

-3.1%

Faster asset growth than 30% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$915,015

Down $29,688 (-3.1%) from 2013

Net Assets

Down

$768,936

Down $112,500 (-13%) from 2013

Liabilities

Up

$146,079

Up $82,812 (+131%) from 2013

Revenue

$718,307

No earlier filing loaded for comparison.

Expenses

Up

$830,807

Up $204,238 (+33%) from 2013

Net Income

-$112,500

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $470,035Liabilities 2011: $43,428Net Assets 2011: $426,6072011Assets 2012: $400,791Liabilities 2012: $45,473Net Assets 2012: $355,3182012Assets 2013: $944,703Liabilities 2013: $63,267Net Assets 2013: $881,4362013Assets 2014: $915,015Liabilities 2014: $146,079Net Assets 2014: $768,9362014Assets 2015: $801,004Liabilities 2015: $97,927Net Assets 2015: $703,0772015Assets 2018: $554,012Liabilities 2018: $134,872Net Assets 2018: $419,1402018Assets 2019: $743,306Liabilities 2019: $194,148Net Assets 2019: $549,1582019Assets 2020: $1,283,721Liabilities 2020: $411,556Net Assets 2020: $872,1652020Assets 2021: $1,413,266Liabilities 2021: $481,800Net Assets 2021: $931,4662021Assets 2022: $1,145,742Liabilities 2022: $425,963Net Assets 2022: $719,7792022Assets 2023: $1,333,218Liabilities 2023: $165,896Net Assets 2023: $1,167,3222023Assets 2024: $1,180,414Liabilities 2024: $224,322Net Assets 2024: $956,0922024

Highlighted filing

2014

Assets$915,015
Liabilities$146,079
Net Assets$768,936

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $363,5592011Expenses 2012: $453,9422012Expenses 2013: $626,5692013Revenue 2014: $718,307Expenses 2014: $830,807Net Income 2014: -$112,5002014Revenue 2015: $1,016,215Expenses 2015: $1,082,074Net Income 2015: -$65,8592015Revenue 2018: $1,117,228Expenses 2018: $1,225,818Net Income 2018: -$108,5902018Revenue 2019: $1,442,368Expenses 2019: $1,312,350Net Income 2019: $130,0182019Revenue 2020: $1,586,277Expenses 2020: $1,263,270Net Income 2020: $323,0072020Revenue 2021: $1,236,194Expenses 2021: $1,176,893Net Income 2021: $59,3012021Revenue 2022: $1,432,567Expenses 2022: $1,644,254Net Income 2022: -$211,6872022Revenue 2023: $2,421,288Expenses 2023: $1,979,573Net Income 2023: $441,7152023Revenue 2024: $1,786,650Expenses 2024: $2,024,442Net Income 2024: -$237,7922024

Highlighted filing

2014

Revenue$718,307
Expenses$830,807
Net Income-$112,500
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Jul 13, 2015
Return Version
2013v4.0
Gross Receipts
$745,386
Mission and Program Overview

Mission

To promote, foster and support non-motorized boating in the greater chicago metropolitan area, and to educate, coach and train the general public in skills relating to canoeing, kayaking, rowing, sailing and in-water safety.

To educate the general public in non-motorized boating and in-water safety.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$677,243$674,886▼ $2,357
Prepaid Expenses and Deferred Charges-$153,847-
Savings and Temporary Cash Investments$144,674$59,762▼ $84,912
Cash and Non-Interest-Bearing Accounts$20,326$24,293▲ $3,967
Total Assets$944,703$915,015▼ $29,688
Other Assets Total$102,460$2,227▼ $100,233
Liabilities
Other Liabilities$1,500$76,500▲ $75,000
Mortgage Notes Payable Secured by Investment Property$24,255$36,654▲ $12,399
Deferred Revenue$37,512$32,925▼ $4,587
Total Liabilities$63,267$146,079▲ $82,812
Net Assets / Fund Balance
Unrestricted Net Assets$881,436$768,936▼ $112,500
Total Net Assets Fund Balance$881,436$768,936▼ $112,500
Total Liabilities and Net Assets / Fund Balance$944,703$915,015▼ $29,688

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$438,845$588,930$1,027,775
Buildings$236,041$137,103$373,144
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lynne DinzolePresident
Linda IversonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$98,915
Program Service Revenue
$600,030
Investment Income
$5,146
Other Revenue
$14,216
All Other Contributions
$14,252
Change in Net Assets
$-112,500

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$10,135Fair Market Value
Total Noncash Contributions1$10,135-

Audited Revenue Reconciliation

Revenue per Audited Statements
$735,251
Revenue Not Reported on Financial Statements
$-16,944
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-16,944
Total Revenue per Audited Statements
$735,251
Total Revenue per Form 990
$718,307
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$501,449
Salaries, Compensation, and Employee Benefits$329,358
Total Fundraising Expense$57,083
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$225,904$43,760$30,240$299,904
Travel$137,450--$137,450
Depreciation Depletion$100,614$15,062-$115,676
Occupancy$46,153--$46,153
Insurance$37,325$1,560-$38,885
All Other Expenses$33,798$-6,957-$26,841
Payroll Taxes$17,282$1,805$3,856$22,943
Other Expenses$22,074$883$22,987$22,074
Fees for Services Accounting-$13,953-$13,953
Other Employee Benefits$4,635$1,876-$6,511
Information Technology$1,106--$1,106
Office Expenses-$458-$458
Fees for Services Other-$400-$400
Interest-$186-$186
Total Functional Expenses$700,738$72,986$57,083$830,807

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$847,751
Total Expenses per Audited Statements$847,751
Total Expenses per Form 990$830,807
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-16,944
Other Expense Adjustments$-16,944
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 2$48,990---
Event 1$35,673---
Total Events$84,663---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Chicago Park District$75,000
Security Deposit$1,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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

The president and treasurer review form 990 before filing the return.

Form 990, Part VI, Section C, Line 19

Chicago rowing foundation has the governing documents and financial statements available for public inspection upon request.

Filing and Contact Details

Filer

EIN
36-3137851
Phone
3123320820

Signing Officer

Name
Linda L Iverson
Title
Treasurer
Phone
3123320820
Signed
2015-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda L Iverson
Formed
1980
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
0
Employees
23
Volunteers
8

Preparer

Preparer
Linda L Iverson
Phone
3123320820
Supplemental Narrative

Additional Explanations

FORM 4562, LINE 14:

Chicago rowing foundation, hereby elects, pursuant to irc sec. 168 (k) (2) (d) (iii), not to claim the additional depreciation allowable under irc sec. 168 (k) for the following qualifying property placed in service during the tax year ending august 31, 2014. All property in the 3 & 5 year class.

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses reported as a reduction of rental income on form 990

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses reported as a reduction of rental income on form 990

Raw XML AppendixShowing 400 of 422 raw XML fields

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/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0727888
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt054802
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt047188
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt054599
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0983392
IRS990ScheduleA/TotalSupportAmt01020406
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt02656
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt06888
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt020530
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt06799
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt036873
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/BuildingsGrp/BookValueAmt0236041
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0137103
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0373144
IRS990ScheduleD/DonorAdvisedFundsHeldCnt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0438845
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0588930
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01027775
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-16944
IRS990ScheduleD/ExpensesSubtotalAmt0847751
IRS990ScheduleD/FundsAndOtherAccountsHeldCnt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-16944
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt075000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO CHICAGO PARK DISTRICT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSIT
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-16944
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-16944
IRS990ScheduleD/RevenueSubtotalAmt0735251
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RENTAL EXPENSES REPORTED AS A REDUCTION OF RENTAL INCOME ON FORM 990
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES REPORTED AS A REDUCTION OF RENTAL INCOME ON FORM 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0674886
IRS990ScheduleD/TotalExpensesPerForm990Amt0830807
IRS990ScheduleD/TotalLiabilityAmt076500
IRS990ScheduleD/TotalRevenuePerForm990Amt0718307
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0735251
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0847751
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt084663
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt035673
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt048990
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt035673
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt048990
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt084663
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0ERGATHON
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt0CLARK PARK BOATHOUSE
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt010135
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT AND TREASURER REVIEW FORM 990 BEFORE FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CHICAGO ROWING FOUNDATION HAS THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CHICAGO ROWING FOUNDATION, HEREBY ELECTS, PURSUANT TO IRC SEC. 168 (K) (2) (D) (III), NOT TO CLAIM THE ADDITIONAL DEPRECIATION ALLOWABLE UNDER IRC SEC. 168 (K) FOR THE FOLLOWING QUALIFYING PROPERTY PLACED IN SERVICE DURING THE TAX YEAR ENDING AUGUST 31, 2014. ALL PROPERTY IN THE 3 & 5 YEAR CLASS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 4562, LINE 14:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0944703
IRS990/TotalAssetsEOYAmt0915015
IRS990/TotalAssetsGrp/BOYAmt0944703
IRS990/TotalAssetsGrp/EOYAmt0915015
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt098915
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt057083
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt072986
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0700738
IRS990/TotalFunctionalExpensesGrp/TotalAmt0830807
IRS990/TotalGrossUBIAmt02656
IRS990/TotalLiabilitiesBOYAmt063267
IRS990/TotalLiabilitiesEOYAmt0146079
IRS990/TotalLiabilitiesGrp/BOYAmt063267
IRS990/TotalLiabilitiesGrp/EOYAmt0146079
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0881436
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0768936
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0700738
IRS990/TotalProgramServiceRevenueAmt0600030
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt026
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0616710
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0718307
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02656
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0944703
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0915015
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0137450
IRS990/TravelGrp/TotalAmt0137450
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0881436
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0768936
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10309 W WASHINGTON STREET NO 950
IRS990/USAddress/City0CHICAGO
IRS990/USAddress/State0IL
IRS990/USAddress/ZIPCode0606063210
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.ROWCHICAGO.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA L IVERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03123320820
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-13

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