Civic Intelligence

Michigan Rowing Association

990 • Fiscal year 2020 • EIN 38-2424611

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 21, 2021

PO Box 7164Ann Arbor, MI 48107

(212) 278-9244

Siviq Scores

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

Liabilities / Assets

65th percentile

0.02x

Higher debt load relative to assets than 65% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

66th percentile

0.02x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

44th percentile

1.4%

Higher net margin than 44% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

47th percentile

1.7%

Faster asset growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

24th percentile

-47%

Faster revenue growth than 24% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$158,664

Up $2,594 (+1.7%) from 2019

Net Assets

Up

$155,195

Up $2,561 (+1.7%) from 2019

Liabilities

Up

$3,469

Up $33 (+1.0%) from 2019

Revenue

Down

$166,502

Down $150,244 (-47%) from 2019

Expenses

Down

$164,193

Down $134,883 (-45%) from 2019

Net Income

Down

$2,309

Down $15,361 (-87%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $87,865Net Assets 2011: $87,8652011Assets 2012: $84,875Net Assets 2012: $84,8752012Assets 2013: $100,340Liabilities 2013: $2,027Net Assets 2013: $98,3132013Assets 2014: $108,914Liabilities 2014: $911Net Assets 2014: $108,0032014Assets 2015: $101,892Liabilities 2015: $1,783Net Assets 2015: $100,1092015Assets 2016: $82,874Liabilities 2016: $2,901Net Assets 2016: $79,9732016Assets 2017: $138,503Liabilities 2017: $3,984Net Assets 2017: $134,5192017Assets 2018: $140,492Liabilities 2018: $5,261Net Assets 2018: $135,2312018Assets 2019: $156,070Liabilities 2019: $3,436Net Assets 2019: $152,6342019Assets 2020: $158,664Liabilities 2020: $3,469Net Assets 2020: $155,1952020Assets 2021: $229,191Liabilities 2021: $0Net Assets 2021: $229,1912021Assets 2022: $297,300Liabilities 2022: $0Net Assets 2022: $297,3002022Assets 2023: $709,671Liabilities 2023: $0Net Assets 2023: $709,6712023Assets 2024: $3,573,740Liabilities 2024: $2,507,311Net Assets 2024: $1,066,4292024

Highlighted filing

2020

Assets$158,664
Liabilities$3,469
Net Assets$155,195

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $64,067Expenses 2011: $46,415Net Income 2011: $17,6522011Revenue 2012: $75,324Expenses 2012: $78,694Net Income 2012: -$3,3702012Revenue 2013: $236,666Expenses 2013: $238,035Net Income 2013: -$1,3692013Revenue 2014: $339,113Expenses 2014: $329,516Net Income 2014: $9,5972014Revenue 2015: $363,516Expenses 2015: $371,571Net Income 2015: -$8,0552015Revenue 2016: $353,256Expenses 2016: $373,441Net Income 2016: -$20,1852016Revenue 2017: $320,715Expenses 2017: $266,674Net Income 2017: $54,0412017Revenue 2018: $504,884Expenses 2018: $505,053Net Income 2018: -$1692018Revenue 2019: $316,746Expenses 2019: $299,076Net Income 2019: $17,6702019Revenue 2020: $166,502Expenses 2020: $164,193Net Income 2020: $2,3092020Revenue 2021: $208,962Expenses 2021: $137,800Net Income 2021: $71,1622021Revenue 2022: $327,710Expenses 2022: $258,325Net Income 2022: $69,3852022Revenue 2023: $889,892Expenses 2023: $474,821Net Income 2023: $415,0712023Revenue 2024: $786,790Expenses 2024: $435,657Net Income 2024: $351,1332024

Highlighted filing

2020

Revenue$166,502
Expenses$164,193
Net Income$2,309
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 21, 2021
Return Version
2020v4.0
Gross Receipts
$166,502
Mission and Program Overview

Mission

The michigan rowing association (mra) is an organization that primarily furthers and supports the sport of rowing for the university of michigan rowing team (umrt), and supports rowing in the ann arbor, michigan community. The organization is tied to the university of michigan rowing team in that the income incurred by the program falls under the auspices of mra. Mra was formed since it was seen as a more stable organization than umrt. For liability reasons mra does not hold the title to the umrt equipment. Any equipement purchased in relation to umrt is immediately donated to umrt. Mra collects program service fees to pay for the coaches, equipment, and for insurance.

The michigan rowing association (mra) is an organization that primarily furthers and supports the sport of rowing for the university of michigan rowing team (umrt), and supports rowing in the ann arbor, michigan community. The organization is tied to the university of michigan rowing team in that the income incurred by the program falls under the auspices of mra. Mra was formed since it was seen as a more stable organization than umrt. For liability reasons mra does not hold the title to the umrt equipment. Any equipment purchased in relation to umrt is immediately donated to umrt. Mra collects program service fees to pay for the coaches, equipment, and for insurance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$139,848$109,039▼ $30,809
Land, Buildings, and Equipment, Net$2,996$35,970▲ $32,974
Savings and Temporary Cash Investments$9,476$9,905▲ $429
Total Assets$156,070$158,664▲ $2,594
Other Assets Total$3,750$3,750→ $0
Liabilities
Accounts Payable and Accrued Expenses$3,436$3,469▲ $33
Total Liabilities$3,436$3,469▲ $33
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$152,634$155,195▲ $2,561
Total Net Assets Fund Balance$152,634$155,195▲ $2,561
Total Liabilities and Net Assets / Fund Balance$156,070$158,664▲ $2,594

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$34,643$43,429$78,072
Buildings-$33,541$33,541
Other Land Buildings$1,327$17,732$19,059
Compensation and Service Providers

Board Members and Trustees

NameTitle
Patrick FinnPresident
Antonio SifuentesBoard Member
Ian GilbertsonBoard Member
Lakin VittonBoard Member
Ted MatherlyBoard Member
Tom PeszekBoard Member
Dan BrockSecretary
Philip FarisTreasurer
Wes VearVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$166,251
Program Service Revenue
$0
Investment Income
$251
Other Revenue
$0
All Other Contributions
$80,615
Change in Net Assets
$2,309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$132,738
Salaries, Compensation, and Employee Benefits$31,455
Total Fundraising Expense$4,517
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$35,307$954$1,910$38,171
Travel$32,108--$32,108
Other Salaries and Wages$25,346$685$1,370$27,401
Depreciation Depletion$10,171--$10,171
Fees for Services Accounting-$4,452-$4,452
Payroll Taxes$3,750$101$203$4,054
All Other Expenses$2,517$37$74$2,628
Other Expenses$1,805$49$98$1,952
Insurance$1,316$36$71$1,423
Office Expenses$213$5$12$230
Information Technology$25$1$1$27
Total Functional Expenses$152,966$6,710$4,517$164,193
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
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
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, Page 6, Part VI, Line 11B

The treasurer reviews prior to signing the tax return.

Form 990, Page 6, Part VI, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Michigan Rowing Association
EIN
38-2424611
Phone
2122789244
Address
PO BOX 7164, ANN ARBOR, MI 48107

Signing Officer

Name
Philip Faris
Title
Treasurer
Phone
2122789244
Signed
2021-09-21

Organization Details

Principal Officer
Philip Faris
Formed
1982
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
9

Preparer

Firm
Yeo & Yeo Pc
Address
1450 EISENHOWER PLACE, ANN ARBOR, MI 48108-3283
Preparer
Michael a Georges
Phone
7347691331
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The michigan rowing association (mra) is an organization that primarily furthers and supports the sport of rowing for the university of michigan rowing team (umrt), and supports rowing in the ann arbor, michigan community. The organization is tied to the university of michigan rowing team in that the income incurred by the program falls under the auspices of mra. Mra was formed since it was seen as a more stable organization than umrt. For liability reasons mra does not hold the title to the umrt equipment. Any equipment purchased in relation to umrt is immediately donated to umrt. Mra collects program service fees to pay for the coaches, equipment, and for insurance.

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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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IRS990/PYContributionsGrantsAmt0316491
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0255
IRS990/PYOtherExpensesAmt0260322
IRS990/PYRevenuesLessExpensesAmt017670
IRS990/PYSalariesCompEmpBnftPaidAmt038754
IRS990/PYTotalExpensesAmt0299076
IRS990/PYTotalRevenueAmt0316746
IRS990/ReconcilationRevenueExpnssAmt02309
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09476
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09905
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0166251
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0316491
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0504624
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0320518
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0353084
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01660968
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0251
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0255
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0260
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0197
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0172
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01135
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99930
IRS990ScheduleA/PublicSupportPY170Pct00.99940
IRS990ScheduleA/PublicSupportTotal170Amt01660968
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0166251
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0316491
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0504624
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0320518
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0353084
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01660968
IRS990ScheduleA/TotalSupportAmt01662103
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/DepreciationAmt033541
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt033541
IRS990ScheduleD/EquipmentGrp/BookValueAmt034643
IRS990ScheduleD/EquipmentGrp/DepreciationAmt043429
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt078072
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01327
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017732
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019059
IRS990ScheduleD/TotalBookValueLandBuildingsAmt035970
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MICHIGAN ROWING ASSOCIATION (MRA) IS AN ORGANIZATION THAT PRIMARILY FURTHERS AND SUPPORTS THE SPORT OF ROWING FOR THE UNIVERSITY OF MICHIGAN ROWING TEAM (UMRT), AND SUPPORTS ROWING IN THE ANN ARBOR, MICHIGAN COMMUNITY. THE ORGANIZATION IS TIED TO THE UNIVERSITY OF MICHIGAN ROWING TEAM IN THAT THE INCOME INCURRED BY THE PROGRAM FALLS UNDER THE AUSPICES OF MRA. MRA WAS FORMED SINCE IT WAS SEEN AS A MORE STABLE ORGANIZATION THAN UMRT. FOR LIABILITY REASONS MRA DOES NOT HOLD THE TITLE TO THE UMRT EQUIPMENT. ANY EQUIPMENT PURCHASED IN RELATION TO UMRT IS IMMEDIATELY DONATED TO UMRT. MRA COLLECTS PROGRAM SERVICE FEES TO PAY FOR THE COACHES, EQUIPMENT, AND FOR INSURANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER REVIEWS PRIOR TO SIGNING THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0156070
IRS990/TotalAssetsEOYAmt0158664
IRS990/TotalAssetsGrp/BOYAmt0156070
IRS990/TotalAssetsGrp/EOYAmt0158664
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0166251
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04517
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06710
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0152966
IRS990/TotalFunctionalExpensesGrp/TotalAmt0164193
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03436
IRS990/TotalLiabilitiesEOYAmt03469
IRS990/TotalLiabilitiesGrp/BOYAmt03436
IRS990/TotalLiabilitiesGrp/EOYAmt03469
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0152634
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0155195
IRS990/TotalProgramServiceExpensesAmt0152966
IRS990/TotalRevenueGrp/ExclusionAmt0251
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0166502
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0156070
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0158664
IRS990/TravelGrp/ProgramServicesAmt032108
IRS990/TravelGrp/TotalAmt032108
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0PO BOX 7164
IRS990/USAddress/CityNm0ANN ARBOR
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048107
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.MICHIGANROWINGASSOCIATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0PHILIP FARIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02122789244
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICHIGAN ROWING ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0382424611
ReturnHeader/Filer/PhoneNum02122789244
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 7164
ReturnHeader/Filer/USAddress/CityNm0ANN ARBOR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048107
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382706146
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0YEO & YEO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01450 EISENHOWER PLACE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANN ARBOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0481083283
ReturnHeader/PreparerPersonGrp/PhoneNum07347691331
ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL A GEORGES
ReturnHeader/ReturnTs02021-10-07T10:33:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PHILIP
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FARIS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.57$2.51$1.07$0.79$0.44$0.35
2023Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.89$0.47$0.42
2022Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$0.33$0.26$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.21$0.14$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.17$0.16$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.15$0.32$0.30$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.14$0.01$0.14$0.50$0.51$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.13$0.32$0.27$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.35$0.37$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.36$0.37$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.34$0.33$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.24$0.24$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.08$0.08$0.08$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.09$0.06$0.05$0.02