Civic Intelligence

Sarasota Scullers Youth Rowing Program Inc.

990 • Fiscal year 2018 • EIN 65-0280018

Aug 01, 2017 to Jul 31, 2018 • Filed on May 23, 2019

153 N Tamiami TrailOsprey, FL 34229

(941) 966-2244

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.20x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

73rd percentile

0.16x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

28th percentile

-5.1%

Higher net margin than 28% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

60th percentile

$38,000

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

12th percentile

-16%

Faster asset growth than 12% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

87th percentile

52%

Faster revenue growth than 87% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$358,414

Down $66,404 (-16%) from 2017

Net Assets

Down

$285,287

Down $10,773 (-3.6%) from 2017

Liabilities

Down

$73,127

Down $55,631 (-43%) from 2017

Revenue

Up

$445,990

Up $152,076 (+52%) from 2017

Expenses

Up

$468,843

Up $193,982 (+71%) from 2017

Net Income

Down

-$22,853

Down $41,906 (-220%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $260,188Liabilities 2011: $63,977Net Assets 2011: $196,2112011Assets 2012: $274,425Liabilities 2012: $54,388Net Assets 2012: $220,0372012Assets 2013: $411,646Liabilities 2013: $154,723Net Assets 2013: $256,9232013Assets 2014: $336,931Liabilities 2014: $121,960Net Assets 2014: $214,9712014Assets 2015: $370,253Liabilities 2015: $53,596Net Assets 2015: $316,6572015Assets 2016: $410,364Liabilities 2016: $133,357Net Assets 2016: $277,0072016Assets 2017: $424,818Liabilities 2017: $128,758Net Assets 2017: $296,0602017Assets 2018: $358,414Liabilities 2018: $73,127Net Assets 2018: $285,2872018Assets 2019: $228,078Liabilities 2019: $34,713Net Assets 2019: $193,3652019Assets 2020: $197,928Liabilities 2020: $42,870Net Assets 2020: $155,0582020Assets 2021: $219,244Liabilities 2021: $7,653Net Assets 2021: $211,5912021Assets 2022: $229,625Liabilities 2022: $0Net Assets 2022: $229,6252022Assets 2023: $151,922Net Assets 2023: $151,9222023Assets 2024: $143,053Liabilities 2024: $7,382Net Assets 2024: $135,6712024Assets 2025: $126,480Liabilities 2025: $400Net Assets 2025: $126,0802025

Highlighted filing

2018

Assets$358,414
Liabilities$73,127
Net Assets$285,287

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $236,069Expenses 2011: $219,583Net Income 2011: $16,4862011Expenses 2012: $233,5892012Expenses 2013: $307,2642013Revenue 2014: $300,532Expenses 2014: $342,484Net Income 2014: -$41,9522014Revenue 2015: $349,135Expenses 2015: $247,449Net Income 2015: $101,6862015Revenue 2016: $309,179Expenses 2016: $348,829Net Income 2016: -$39,6502016Revenue 2017: $293,914Expenses 2017: $274,861Net Income 2017: $19,0532017Revenue 2018: $445,990Expenses 2018: $468,843Net Income 2018: -$22,8532018Revenue 2019: $252,427Expenses 2019: $344,349Net Income 2019: -$91,9222019Revenue 2020: $186,810Expenses 2020: $225,117Net Income 2020: -$38,3072020Revenue 2021: $178,478Expenses 2021: $166,699Net Income 2021: $11,7792021Revenue 2022: $73,908Expenses 2022: $55,874Net Income 2022: $18,0342022Revenue 2023: $108,224Expenses 2023: $185,927Net Income 2023: -$77,7032023Revenue 2024: $95,590Expenses 2024: $149,055Net Income 2024: -$53,4652024Revenue 2025: $91,635Expenses 2025: $101,225Net Income 2025: -$9,5902025

Highlighted filing

2018

Revenue$445,990
Expenses$468,843
Net Income-$22,853
Jump To
Filing Snapshot
Filing Period
Aug 1, 2017 to Jul 31, 2018
Signed
May 23, 2019
Return Version
2017v2.2
Gross Receipts
$588,692
Mission and Program Overview

Mission

Sarasota Scullers strengthens our communitys youth by developing the whole rower and instilling values that bring them success on the water and throughout life

To evolve teens into competitive athletes with a spirit of honor, self respect and good sportsmanship

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$322,627$180,649▼ $141,978
Cash and Non-Interest-Bearing Accounts$102,190$132,327▲ $30,137
Savings and Temporary Cash Investments-$43,593-
Accounts Receivable-$645-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$424,818$358,414▼ $66,404
Other Assets Total$1$1,200▲ $1,199
Liabilities
Mortgage Notes Payable Secured by Investment Property$117,786$60,892▼ $56,894
Other Liabilities-$11,668-
Accounts Payable and Accrued Expenses$10,972$567▼ $10,405
Total Liabilities$128,758$73,127▼ $55,631
Net Assets / Fund Balance
Unrestricted Net Assets$296,060$285,287▼ $10,773
Total Net Assets Fund Balance$296,060$285,287▼ $10,773
Total Liabilities and Net Assets / Fund Balance$424,818$358,414▼ $66,404

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$177,882$690,741$868,623
Land$70,780-$70,780
Leasehold Improvements$5,535$57,161$62,696
Buildings$-73,548$-17,748$-91,296
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Laura Corbett-FT$38,000$38,000
Emily Maxwell-PT$30,100$30,100
Eric Post-PT$30,100$30,100
Maureen Watson-PT$14,560$14,560
Richard Lokey-PT$6,775$6,775

Board Members and Trustees

NameTitle
Dan GerdesPresident
Danielle TanakaVice President
Charles SimpsonDirector
Chris StewartDirector
Graeme BrownDirector
James AndersonDirector
Jeanette LeiterDirector
Julie NaidelDirector
Karen WiegandtDirector
Nathan CrossSecretary
Tom LingleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,608
Program Service Revenue
$222,894
Investment Income
$179,255
Other Revenue
$34,233
All Other Contributions
$9,608
Change in Net Assets
$-22,853
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$332,424
Salaries, Compensation, and Employee Benefits$136,419
Total Fundraising Expense$997
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$101,576$25,343-$126,919
Depreciation Depletion$68,896--$68,896
Occupancy$37,264$29,831-$67,095
All Other Expenses$11,764$2,733$997$15,494
Payroll Taxes$7,771$1,729-$9,500
Other Expenses$9,226$3,237-$9,226
Advertising$7,971--$7,971
Payments to Affiliates$6,745--$6,745
Fees for Services Other-$3,866-$3,866
Fees for Services Accounting-$2,292-$2,292
Office Expenses-$2,149-$2,149
Information Technology$1,718$378-$2,096
Travel$17--$17
Total Functional Expenses$396,288$71,558$997$468,843
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$34,233
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$9,076
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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, Part VI, Line 11B: Form 990 Review Process

The f990 was reviewed by the Treasurer of the Board.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Sarasota Scullers Youth Rowing Program I
EIN
65-0280018
Address
153 N Tamiami Trail, Osprey, FL 34229

Signing Officer

Name
Tom Lingle
Title
Treasurer
Signed
2019-05-23
Discuss with paid preparer
Yes

Organization Details

Formed
1991
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
0
Employees
0

Preparer

Firm
myCPA Resource LLC
Address
613 Barnes Pkwy, Nokomis, FL 34275
Preparer
Christine Johns
Phone
9412325937
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Insurance Proceeds = $12080

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IRS990/MembersOrStockholdersInd0false
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc2Postage and Shipping
IRS990/OtherExpensesGrp/Desc3Uniforms
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IRS990/OtherExpensesGrp/ProgramServicesAmt212892
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PayrollTaxesGrp/ProgramServicesAmt07771
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IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1127710
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt271816
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IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt043593
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0212883
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0248637
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0320956
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0140897
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01155875
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0162
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0163
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0165
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0160
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0170
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0820
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0330
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt011253
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt028019
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt060192
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt099794
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0162

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.92$1.01$0.10
2024Detailed filing. Detailed filing data is available for this year.$1.43$0.07$1.36$0.96$1.49$0.53
2023Detailed filing. Detailed filing data is available for this year.$1.52$1.52$1.08$1.86$0.78
2022Detailed filing. Detailed filing data is available for this year.$2.30$0.00$2.30$0.74$0.56$0.18
2021Detailed filing. Detailed filing data is available for this year.$2.19$0.08$2.12$1.78$1.67$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.98$0.43$1.55$1.87$2.25$0.38
2019Detailed filing. Detailed filing data is available for this year.$2.28$0.35$1.93$2.52$3.44$0.92
2018Detailed filing. Detailed filing data is available for this year.$3.58$0.73$2.85$4.46$4.69$0.23
2017Detailed filing. Detailed filing data is available for this year.$4.25$1.29$2.96$2.94$2.75$0.19
2016Detailed filing. Detailed filing data is available for this year.$4.10$1.33$2.77$3.09$3.49$0.40
2015Detailed filing. Detailed filing data is available for this year.$3.70$0.54$3.17$3.49$2.47$1.02
2014Detailed filing. Detailed filing data is available for this year.$3.37$1.22$2.15$3.01$3.42$0.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.12$1.55$2.57$3.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.74$0.54$2.20$2.34
2011Summary only. Only limited summary data is available for this year.$2.60$0.64$1.96$2.36$2.20$0.16
Peer Organizations

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