Civic Intelligence

Conshohocken Rowing Center

990 • Fiscal year 2017 • EIN 46-1522952

Jan 01, 2017 to Dec 31, 2017 • Filed on May 08, 2018

1 West 1st AvenueConshohocken, PA 19421

(610) 935-1420

Siviq Scores

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

Liabilities / Assets

81st percentile

0.15x

Higher debt load relative to assets than 81% of similar nonprofits.

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

Liabilities / Revenue

76th percentile

0.04x

Higher debt load relative to revenue than 76% of similar nonprofits.

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

Net Margin

56th percentile

6.2%

Higher net margin than 56% of similar nonprofits.

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

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.

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

Asset Growth

86th percentile

57%

Faster asset growth than 86% of similar nonprofits.

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

Revenue Growth

43rd percentile

-3.2%

Faster revenue growth than 43% of similar nonprofits.

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

Assets

Up

$88,726

Up $32,118 (+57%) from 2016

Net Assets

Up

$75,208

Up $18,600 (+33%) from 2016

Liabilities

Up

$13,518

Up $13,518 from 2016

Revenue

Down

$301,917

Down $9,970 (-3.2%) from 2016

Expenses

Down

$283,317

Down $9,680 (-3.3%) from 2016

Net Income

Down

$18,600

Down $290 (-1.5%) 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 2015: $37,718Liabilities 2015: $0Net Assets 2015: $37,7182015Assets 2016: $56,608Liabilities 2016: $0Net Assets 2016: $56,6082016Assets 2017: $88,726Liabilities 2017: $13,518Net Assets 2017: $75,2082017Assets 2018: $141,439Liabilities 2018: $3,355Net Assets 2018: $138,0842018Assets 2019: $148,725Liabilities 2019: $13,074Net Assets 2019: $135,6512019Assets 2020: $160,708Liabilities 2020: $68,081Net Assets 2020: $92,6272020Assets 2021: $446,325Liabilities 2021: $9,351Net Assets 2021: $436,9742021Assets 2022: $418,735Liabilities 2022: $9,904Net Assets 2022: $408,8312022Assets 2023: $429,871Liabilities 2023: $6,024Net Assets 2023: $423,8472023Assets 2024: $541,237Liabilities 2024: $19,488Net Assets 2024: $521,7492024

Highlighted filing

2017

Assets$88,726
Liabilities$13,518
Net Assets$75,208

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $125,157Expenses 2015: $88,214Net Income 2015: $36,9432015Revenue 2016: $311,887Expenses 2016: $292,997Net Income 2016: $18,8902016Revenue 2017: $301,917Expenses 2017: $283,317Net Income 2017: $18,6002017Revenue 2018: $434,891Expenses 2018: $372,015Net Income 2018: $62,8762018Revenue 2019: $475,956Expenses 2019: $478,389Net Income 2019: -$2,4332019Revenue 2020: $307,942Expenses 2020: $350,966Net Income 2020: -$43,0242020Revenue 2021: $801,217Expenses 2021: $456,870Net Income 2021: $344,3472021Revenue 2022: $537,834Expenses 2022: $565,977Net Income 2022: -$28,1432022Revenue 2023: $697,294Expenses 2023: $682,278Net Income 2023: $15,0162023Revenue 2024: $707,211Expenses 2024: $609,309Net Income 2024: $97,9022024

Highlighted filing

2017

Revenue$301,917
Expenses$283,317
Net Income$18,600
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 8, 2018
Return Version
2017v2.3
Gross Receipts
$301,917
Mission and Program Overview

Mission

Provide rowing instructions

Provide rowing instructions and the furnishing of boats and other rowing related equipment

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$48,451$50,619▲ $2,168
Land, Buildings, and Equipment, Net-$24,565-
Accounts Receivable$1,144$6,779▲ $5,635
Prepaid Expenses and Deferred Charges$7,013$6,763▼ $250
Total Assets$56,608$88,726▲ $32,118
Liabilities
Other Liabilities-$12,373-
Accounts Payable and Accrued Expenses-$1,145-
Total Liabilities$0$13,518▲ $13,518
Net Assets / Fund Balance
Unrestricted Net Assets$56,608$75,208▲ $18,600
Total Net Assets Fund Balance$56,608$75,208▲ $18,600
Total Liabilities and Net Assets / Fund Balance$56,608$88,726▲ $32,118

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,565$4,913$29,478
Compensation and Service Providers

Board Members and Trustees

NameTitle
Scot FisherPresident
Paul FinleyDirector
Tina SokolowskiDirector
William McnabbDirector
Thomas FlynnSecretary
WILLIAM O'NEILTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$114,771
Program Service Revenue
$175,646
Investment Income
$0
Other Revenue
$11,500
Change in Net Assets
$18,600

Audited Revenue Reconciliation

Revenue per Audited Statements
$301,917
Total Revenue per Audited Statements
$301,917
Total Revenue per Form 990
$301,917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,229
Salaries, Compensation, and Employee Benefits$123,088
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$111,556--$111,556
Insurance$17,697--$17,697
Payroll Taxes$11,532--$11,532
Occupancy$10,421--$10,421
Depreciation Depletion$4,913--$4,913
Fees for Services Accounting$4,300--$4,300
Other Expenses$153--$153
All Other Expenses$-4,610--$-4,610
Total Functional Expenses$283,317$0$0$283,317

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$283,317
Total Expenses per Audited Statements$283,317
Total Expenses per Form 990$283,317
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$12,373
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI

The organization's governing documents, conflict of interest policy and financial statements are available upon request.

Form 990, Page 6, Part VI, Line 7A

The borough of conshohocken, malvern preparatory school and the haverford school each have the power to appoint two persons to the board of directors.

Form 990, Page 6, Part VI, Line 11B

The 990 information is submitted to the preparers. Once the 990 is completed, it is submitted to the board for approval before filing.

Form 990, Page 6, Part VI, Line 12C

Any conflicts of interest must be disclosed before any transaction is consummated. It is the responsibility of the board, management emplyoees, and officers to scrutinize their transactions and outside business interests and relationships for potential conflicts and immediately make such disclosures to the organization.

Form 990, Page 6, Part VI, Line 19

The organizations governing documents are made available to the public upon request

Filing and Contact Details

Filer

Filer Name
The Conshohocken Rowing Center
EIN
46-1522952
Phone
6109351420
Address
1 WEST 1ST AVENUE, CONSHOHOCKEN, PA 19421

Signing Officer

Name
Scot Fisher
Title
President
Phone
6109351420
Signed
2018-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scot Fisher
Formed
2012
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
10

Preparer

Firm
O'CONNELL & COMPANY LLC
Address
165 TOWNSHIP LINE RD STE 1100, JENKINTOWN, PA 19046
Preparer
TERENCE M O'CONNELL
Phone
2158874425
Supplemental Narrative

Additional Explanations

Form 990, Part III

For use of community members who may participate in the activities provided by the rowing center.

Form 990, Part V

Any conflicts of interest must be disclosed before any transaction is consummated. It is the responsibility of the board, management employees, and officers to scrutinize their transactions and outside business interests and relationships for potential conflicts and immediately make such disclosures. The borough of conshohocken, malvern preparatory school and the haverford school each have the power to appoint two persons to the board of directors.

Financial Statement Notes

Schedule D, Page 4, Part XIII

The center adopted the accounting standard related to the recognition and meausurement of uncertain tax positions. The adoption of this standard had no financial statement effect on the center. The center is not subject to federal and state tax examinations for the years prior to 2014.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CENTER ADOPTED THE ACCOUNTING STANDARD RELATED TO THE RECOGNITION AND MEAUSUREMENT OF UNCERTAIN TAX POSITIONS. THE ADOPTION OF THIS STANDARD HAD NO FINANCIAL STATEMENT EFFECT ON THE CENTER. THE CENTER IS NOT SUBJECT TO FEDERAL AND STATE TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2014.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FOR USE OF COMMUNITY MEMBERS WHO MAY PARTICIPATE IN THE ACTIVITIES PROVIDED BY THE ROWING CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY CONFLICTS OF INTEREST MUST BE DISCLOSED BEFORE ANY TRANSACTION IS CONSUMMATED. IT IS THE RESPONSIBILITY OF THE BOARD, MANAGEMENT EMPLOYEES, AND OFFICERS TO SCRUTINIZE THEIR TRANSACTIONS AND OUTSIDE BUSINESS INTERESTS AND RELATIONSHIPS FOR POTENTIAL CONFLICTS AND IMMEDIATELY MAKE SUCH DISCLOSURES. THE BOROUGH OF CONSHOHOCKEN, MALVERN PREPARATORY SCHOOL AND THE HAVERFORD SCHOOL EACH HAVE THE POWER TO APPOINT TWO PERSONS TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOROUGH OF CONSHOHOCKEN, MALVERN PREPARATORY SCHOOL AND THE HAVERFORD SCHOOL EACH HAVE THE POWER TO APPOINT TWO PERSONS TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 990 INFORMATION IS SUBMITTED TO THE PREPARERS. ONCE THE 990 IS COMPLETED, IT IS SUBMITTED TO THE BOARD FOR APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANY CONFLICTS OF INTEREST MUST BE DISCLOSED BEFORE ANY TRANSACTION IS CONSUMMATED. IT IS THE RESPONSIBILITY OF THE BOARD, MANAGEMENT EMPLYOEES, AND OFFICERS TO SCRUTINIZE THEIR TRANSACTIONS AND OUTSIDE BUSINESS INTERESTS AND RELATIONSHIPS FOR POTENTIAL CONFLICTS AND IMMEDIATELY MAKE SUCH DISCLOSURES TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATIONS GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART V
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0SCOT FISHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE CONSHOHOCKEN ROWING CENTER
ReturnHeader/Filer/BusinessNameControlTxt0CONS
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ReturnHeader/Filer/PhoneNum06109351420
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ReturnHeader/FilingSecurityInformation/IPDt02018-05-08
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ReturnHeader/FilingSecurityInformation/IPTm014:47:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471352305
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0O'CONNELL & COMPANY LLC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JENKINTOWN
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ReturnHeader/PreparerPersonGrp/PhoneNum02158874425
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-08

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