Civic Intelligence

Stanton Rowing Foundation Inc.

990 • Fiscal year 2020 • EIN 59-3007855

Jul 01, 2019 to Jun 30, 2020 • Filed on May 13, 2021

645 Cesery BlvdJacksonville, FL 32211

(904) 563-0060

Siviq Scores

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

Liabilities / Assets

56th percentile

0.14x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

0.32x

Higher debt load relative to revenue than 69% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

86th percentile

38%

Higher net margin than 86% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

40th percentile

$18,717

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

11th percentile

-7.9%

Faster asset growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

95th percentile

160%

Faster revenue growth than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,049,567

Down $90,516 (-7.9%) from 2019

Net Assets

Up

$898,772

Up $183,566 (+26%) from 2019

Liabilities

Down

$150,795

Down $274,082 (-65%) from 2019

Revenue

Up

$477,534

Up $293,650 (+160%) from 2019

Expenses

Up

$293,968

Up $12,325 (+4.4%) from 2019

Net Income

Up

$183,566

Up $281,325 (+288%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,121,690Liabilities 2010: $0Net Assets 2010: $1,121,6902010Assets 2011: $1,497,083Liabilities 2011: $294,330Net Assets 2011: $1,202,7532011Assets 2012: $1,294,101Liabilities 2012: $294,330Net Assets 2012: $999,7712012Assets 2013: $1,308,342Liabilities 2013: $294,330Net Assets 2013: $1,014,0122013Assets 2014: $1,161,750Liabilities 2014: $387,209Net Assets 2014: $774,5412014Assets 2015: $2,034,733Liabilities 2015: $387,209Net Assets 2015: $1,647,5142015Assets 2016: $1,525,810Liabilities 2016: $387,209Net Assets 2016: $1,138,6012016Assets 2017: $1,505,213Liabilities 2017: $387,209Net Assets 2017: $1,118,0042017Assets 2018: $1,200,174Liabilities 2018: $387,209Net Assets 2018: $812,9652018Assets 2019: $1,140,083Liabilities 2019: $424,877Net Assets 2019: $715,2062019Assets 2020: $1,049,567Liabilities 2020: $150,795Net Assets 2020: $898,7722020Assets 2021: $1,054,015Liabilities 2021: $225,741Net Assets 2021: $828,2742021Assets 2022: $1,253,577Liabilities 2022: $278,569Net Assets 2022: $975,0082022Assets 2023: $1,297,942Liabilities 2023: $270,761Net Assets 2023: $1,027,1812023Assets 2024: $1,457,578Liabilities 2024: $258,567Net Assets 2024: $1,199,0112024

Highlighted filing

2020

Assets$1,049,567
Liabilities$150,795
Net Assets$898,772

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $247,9612010Expenses 2011: $196,2062011Revenue 2012: $133,732Expenses 2012: $212,668Net Income 2012: -$78,9362012Revenue 2013: $220,336Expenses 2013: $224,601Net Income 2013: -$4,2652013Revenue 2014: $260,971Expenses 2014: $313,814Net Income 2014: -$52,8432014Revenue 2015: $79,425Expenses 2015: $176,008Net Income 2015: -$96,5832015Revenue 2016: $163,587Expenses 2016: $206,401Net Income 2016: -$42,8142016Revenue 2017: $180,333Expenses 2017: $200,930Net Income 2017: -$20,5972017Revenue 2018: $238,084Expenses 2018: $247,749Net Income 2018: -$9,6652018Revenue 2019: $183,884Expenses 2019: $281,643Net Income 2019: -$97,7592019Revenue 2020: $477,534Expenses 2020: $293,968Net Income 2020: $183,5662020Revenue 2021: $312,446Expenses 2021: $382,944Net Income 2021: -$70,4982021Revenue 2022: $420,112Expenses 2022: $371,866Net Income 2022: $48,2462022Revenue 2023: $528,973Expenses 2023: $476,800Net Income 2023: $52,1732023Revenue 2024: $330,487Expenses 2024: $299,785Net Income 2024: $30,7022024

Highlighted filing

2020

Revenue$477,534
Expenses$293,968
Net Income$183,566
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 13, 2021
Return Version
2019v5.0
Gross Receipts
$656,921
Mission and Program Overview

Mission

To help children establish strong character, learn life skills and develop physically and emotionally through the sport of rowing. To provide facilities and equipment for co-ed middle and high school competitive rowing team and teach rowing to community members

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$715,206$898,772▲ $183,566
Land, Buildings, and Equipment, Net$956,458$765,521▼ $190,937
Savings and Temporary Cash Investments-$117,026-
Cash and Non-Interest-Bearing Accounts$46,416$29,811▼ $16,605
Total Assets$1,140,083$1,049,567▼ $90,516
Other Assets Total$137,209$137,209→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$250,000--
Other Liabilities$137,209$137,209→ $0
Unsecured Notes Loans Payable$34,516$13,480▼ $21,036
Accounts Payable and Accrued Expenses$3,152$106▼ $3,046
Total Liabilities$424,877$150,795▼ $274,082
Net Assets / Fund Balance
Total Net Assets Fund Balance$715,206$898,772▲ $183,566
Total Liabilities and Net Assets / Fund Balance$1,140,083$1,049,567▼ $90,516

Asset Categories

AssetBook ValueDepreciationBasis
Land$699,248-$699,248
Equipment$65,847$573,977$639,824
Buildings$302$190,199$190,501
Leasehold Improvements$124$77,783$77,907
Other Land Buildings-$2,500$2,500
Other Assets Org$137,209--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Davis BalesDirector ofFT$18,717$18,717
Paul MohkaDirector ofFT$16,256$16,256
Paul MohkaDirector of Rowing-$16,256$16,256

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$6,694
Program Service Revenue
$224,516
Investment Income
$200,673
Other Revenue
$45,651
All Other Contributions
$6,694
Change in Net Assets
$183,566
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$202,153
Salaries, Compensation, and Employee Benefits$91,815
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$50,065--$50,065
Other Expenses$28,154$29,503-$28,154
Depreciation Depletion$27,049--$27,049
All Other Expenses$21,615--$21,615
Current Officers, Directors, Trustees, and Key Employees$18,717--$18,717
Comp Disqual Persons$16,256--$16,256
Insurance$12,578--$12,578
Payroll Taxes$4,277--$4,277
Fees for Services Accounting$3,450--$3,450
Other Employee Benefits$2,500--$2,500
Occupancy$2,104--$2,104
Interest$1,550--$1,550
Fees for Services Other$150--$150
Total Functional Expenses$264,465$29,503$0$293,968
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
Annuity Obligation$137,209
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

Drafts of the tax return are provided to board members upon all revisions. Furthermore, the rowing director thoroughly reviews all financial statements and tax filings.

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

Duty to disclose - related to any actual or potential conflict of interest, an interested person must disclose the existence of a financial interest. The board of directors shall provide the interested person with an opportunity to disclose all material facts to the board and committees with governing board-delegated powers considering the proposed transaction or arrangement that poses a potential conflict.

Form 990, Page 6, Part VI, Line 15A

Compensatioon for rowing director approved by board of directors

Form 990, Page 6, Part VI, Line 15B

No other compensated officers other than the rowing director

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Stanton Rowing Foundation Inc
EIN
59-3007855
Phone
9045630060
Address
645 CESERY BLVD, JACKSONVILLE, FL 32211
Doing Business As
First Coast Rowing Club

Signing Officer

Name
Tommie Douglas Benefield Iii
Title
Treasurer
Phone
8669335388
Signed
2021-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Keiter
Formed
1990
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
8
Volunteers
70

Preparer

Firm
Elevated CPA
Address
1468 PLAINFIELD AVE, ORANGE PARK, FL 32073
Preparer
Tommie Douglas Benefield Iii
Phone
8669335388
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To help children establish strong character, learn life skills and develop physically and emotionally through the sport of rowing. To provide facilities and equipment for co-ed middle and high school competitive rowing team and teach rowing to community members

Form 990, Page 1, Part I, Line 6

Volunteers are often utilized to manage regattas and races hosted at our facilities.

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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0137209
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PAUL MOHKA
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO HELP CHILDREN ESTABLISH STRONG CHARACTER, LEARN LIFE SKILLS AND DEVELOP PHYSICALLY AND EMOTIONALLY THROUGH THE SPORT OF ROWING. TO PROVIDE FACILITIES AND EQUIPMENT FOR CO-ED MIDDLE AND HIGH SCHOOL COMPETITIVE ROWING TEAM AND TEACH ROWING TO COMMUNITY MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VOLUNTEERS ARE OFTEN UTILIZED TO MANAGE REGATTAS AND RACES HOSTED AT OUR FACILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DRAFTS OF THE TAX RETURN ARE PROVIDED TO BOARD MEMBERS UPON ALL REVISIONS. FURTHERMORE, THE ROWING DIRECTOR THOROUGHLY REVIEWS ALL FINANCIAL STATEMENTS AND TAX FILINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DUTY TO DISCLOSE - RELATED TO ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF A FINANCIAL INTEREST. THE BOARD OF DIRECTORS SHALL PROVIDE THE INTERESTED PERSON WITH AN OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND COMMITTEES WITH GOVERNING BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT THAT POSES A POTENTIAL CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATIOON FOR ROWING DIRECTOR APPROVED BY BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO OTHER COMPENSATED OFFICERS OTHER THAN THE ROWING DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
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IRS990/USAddress/CityNm0ORANGE PARK
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ReturnHeader/BuildTS02022-09-23 18:48:47Z

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.$1.46$0.26$1.20$0.33$0.30$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.30$0.27$1.03$0.53$0.48$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.25$0.28$0.98$0.42$0.37$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.05$0.23$0.83$0.31$0.38$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.05$0.15$0.90$0.48$0.29$0.18
2019Detailed filing. Detailed filing data is available for this year.$1.14$0.42$0.72$0.18$0.28$0.10
2018Summary only. Only limited summary data is available for this year.$1.20$0.39$0.81$0.24$0.25$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.51$0.39$1.12$0.18$0.20$0.02
2016Summary only. Only limited summary data is available for this year.$1.53$0.39$1.14$0.16$0.21$0.04
2015Summary only. Only limited summary data is available for this year.$2.03$0.39$1.65$0.08$0.18$0.10
2014Summary only. Only limited summary data is available for this year.$1.16$0.39$0.77$0.26$0.31$0.05
2013Summary only. Only limited summary data is available for this year.$1.31$0.29$1.01$0.22$0.22$0.00
2012Summary only. Only limited summary data is available for this year.$1.29$0.29$1.00$0.13$0.21$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.29$1.20$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.00$1.12$0.25