Asheville Rowing Club Inc.

“Other Expenses: Asheville Rowing Club's other expenses include: bank and merchant fees, small equipment purchases, insurance, dues and subscriptions, membership communication services, security equipment for the boathouse, office supplies, taxes, licenses, transportation, US Rowing membership, regatta related expenses and depreciation.”

“Other Revenue: The Interest income that Asheville Rowing Club, Inc received in 2024 totals $159.64 and is also reported on Part1 line 8”

“Part I, Line 8 Other Revenue: The Asheville Rowing Club, Inc participates in rowing regattas to provide members with opportunities to compete, As part of this process, members pay the organization for their share of the registration, entry fees, transportation costs and sometimes boat rentals. Asheville rowing, Inc. then pays the venue and various vendors for these costs. The revenue received form members for these services is recorded as "other Income/revenue", and the associated expenses are entered as "other expenses". In 2024, this type of other revenue totaled $1,452.68.”

“Other Revenue: This line item also includes restitution payments totaling $36.52. These payments were made by the person who stole our launch motor. They were court ordered to pay the organization back over time.”

“Other Revenue: This line item also includes an insurance claim check that was received after the theft of a launch motor.”

“Other Assets: This represents Asheville Rowing Club's boats, trailer and other equipment after depreciation.”