Civic Intelligence

Everett Rowing Association

990 • Fiscal year 2013 • EIN 91-1325075

Jan 01, 2013 to Dec 31, 2013 • Filed on May 14, 2014

PO Box 177498206

(425) 345-5138

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.06x

Higher debt load relative to assets than 52% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

45th percentile

0.03x

Higher debt load relative to revenue than 45% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

65th percentile

10%

Higher net margin than 65% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

59th percentile

$31,229

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

82nd percentile

26%

Faster asset growth than 82% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$222,169

Up $45,332 (+26%) from 2012

Net Assets

Up

$208,727

Up $47,076 (+29%) from 2012

Liabilities

Down

$13,442

Down $1,744 (-11%) from 2012

Revenue

$465,430

No earlier filing loaded for comparison.

Expenses

Up

$418,354

Up $39,701 (+10%) from 2012

Net Income

$47,076

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $154,125Liabilities 2010: $16,680Net Assets 2010: $137,4452010Assets 2011: $170,086Liabilities 2011: $19,099Net Assets 2011: $150,9872011Assets 2012: $176,837Liabilities 2012: $15,186Net Assets 2012: $161,6512012Assets 2013: $222,169Liabilities 2013: $13,442Net Assets 2013: $208,7272013Assets 2014: $262,007Liabilities 2014: $22,291Net Assets 2014: $239,7162014Assets 2015: $264,166Liabilities 2015: $17,025Net Assets 2015: $247,1412015Assets 2016: $267,312Liabilities 2016: $14,738Net Assets 2016: $252,5742016Assets 2017: $257,782Liabilities 2017: $14,899Net Assets 2017: $242,8832017Assets 2018: $267,950Liabilities 2018: $22,652Net Assets 2018: $245,2982018Assets 2019: $352,867Liabilities 2019: $34,525Net Assets 2019: $318,3422019Assets 2020: $352,788Liabilities 2020: $10,331Net Assets 2020: $342,4572020Assets 2021: $460,272Liabilities 2021: $14,465Net Assets 2021: $445,8072021Assets 2022: $554,798Liabilities 2022: $25,410Net Assets 2022: $529,3882022Assets 2023: $336,137Liabilities 2023: $5,356Net Assets 2023: $330,7812023Assets 2024: $375,265Liabilities 2024: $9,795Net Assets 2024: $365,4702024

Highlighted filing

2013

Assets$222,169
Liabilities$13,442
Net Assets$208,727

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $330,3542010Expenses 2011: $346,1392011Expenses 2012: $378,6532012Revenue 2013: $465,430Expenses 2013: $418,354Net Income 2013: $47,0762013Revenue 2014: $401,958Expenses 2014: $370,969Net Income 2014: $30,9892014Revenue 2015: $395,903Expenses 2015: $388,478Net Income 2015: $7,4252015Revenue 2016: $503,938Expenses 2016: $498,505Net Income 2016: $5,4332016Revenue 2017: $542,995Expenses 2017: $552,686Net Income 2017: -$9,6912017Revenue 2018: $534,063Expenses 2018: $531,648Net Income 2018: $2,4152018Revenue 2019: $562,890Expenses 2019: $489,645Net Income 2019: $73,2452019Revenue 2020: $319,688Expenses 2020: $295,394Net Income 2020: $24,2942020Revenue 2021: $556,877Expenses 2021: $453,954Net Income 2021: $102,9232021Revenue 2022: $674,271Expenses 2022: $590,419Net Income 2022: $83,8522022Revenue 2023: $563,045Expenses 2023: $641,839Net Income 2023: -$78,7942023Revenue 2024: $548,102Expenses 2024: $595,296Net Income 2024: -$47,1942024

Highlighted filing

2013

Revenue$465,430
Expenses$418,354
Net Income$47,076
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 14, 2014
Return Version
2013v3.1
Gross Receipts
$527,475
Mission and Program Overview

Mission

The everett rowing association offers the premier rowing experience for adults and youth in the greater everett area. The association combines recreation, social, and competitive opportunities that lead to building health, life skills, and rowing excellence.

The Everett Rowing Association offers the premier rowing experience for adults and youths in the Greater Everett Area. The association combines recreational, social and competitive opportunities that lead to building health, life skills and rowing excellence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$161,651$208,727▲ $47,076
Land, Buildings, and Equipment, Net$141,888$153,304▲ $11,416
Cash and Non-Interest-Bearing Accounts$22,151$59,933▲ $37,782
Accounts Receivable$5,542$5,256▼ $286
Prepaid Expenses and Deferred Charges$6,755$3,175▼ $3,580
Savings and Temporary Cash Investments$501$501→ $0
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-
Total Assets$176,837$222,169▲ $45,332
Other Assets Total-$0-
Liabilities
Other Liabilities-$8,376-
Accounts Payable and Accrued Expenses$15,186$5,066▼ $10,120
Total Liabilities$15,186$13,442▼ $1,744
Net Assets / Fund Balance
Total Net Assets Fund Balance$161,651$208,727▲ $47,076
Total Liabilities and Net Assets / Fund Balance$176,837$222,169▲ $45,332

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$101,378$355,889$457,267
Other Land Buildings$51,926$185,672$237,598
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Pasha SpencerExecutive DirectorFT$31,229$31,229
Padraic McgovernExecutive DirectorFT$18,787$18,787

Board Members and Trustees

NameTitle
Jim KellettPresident
Ken PlittVice President
Jason RedrupDirector
Jeannette HeardDirector
Judy SchwabDirector
Karen MooreDirector
Katie FinleyDirector
Patricia CareyDirector
Thomas SkalleyDirector
Margaret StewartSecretary
Glenn EngelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$37,282
Program Service Revenue
$373,401
Investment Income
$340
Other Revenue
$54,407
All Other Contributions
$8,386
Change in Net Assets
$47,076
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$242,551
Salaries, Compensation, and Employee Benefits$167,696
Grants and Similar Amounts Paid$8,107
Total Fundraising Expense$5,362
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$92,542$10,735-$103,277
Current Officers, Directors, Trustees, and Key Employees$33,975$9,707$4,854$48,536
Depreciation Depletion$34,939--$34,939
All Other Expenses$30,045$3,635-$33,680
Payroll Taxes$13,236$2,139$508$15,883
Insurance$13,168$770-$13,938
Grants to Domestic Individuals$8,107--$8,107
Other Expenses$6,003--$6,003
Office Expenses$1,175$1,176-$2,351
Conferences and Meetings$1,133$1,134-$2,267
Fees for Services Accounting-$1,933-$1,933
Information Technology-$1,618-$1,618
Advertising$1,074--$1,074
Total Functional Expenses$380,145$32,847$5,362$418,354
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$116,452
Fundraising Direct Expenses$62,045
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$96,095$67,199$13,544$53,655
Event 2$24,720$24,720$26,515$-1,795
Total Events$137,697$108,801$57,286$51,515
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
Sales Tax Payable$4,438
Payroll Tax Payable$2,464
L&i Payable$1,404
Suta Payable$70
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Treasurer reviews form 990 prior to filing

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Executive committee reviews annual performance and recommends salary to board for approval.

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

Documents are available for inspection upon request.

Filing and Contact Details

Filer

EIN
91-1325075
Phone
4253455138

Signing Officer

Name
Glenn Engel
Title
Treasurer
Signed
2014-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Wa
Voting Board Members
11
Independent Board Members
11
Employees
29
Volunteers
60

Preparer

Preparer
Kathleen Murphy
Phone
4257748888
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IRS990/MissionDesc0The Everett Rowing Association offers the premier rowing experience for adults and youths in the Greater Everett Area. The association combines recreational, social and competitive opportunities that lead to building health, life skills and rowing excellence.
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IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt090177
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt086298
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.75$0.10$3.65$5.48$5.95$0.47
2023Detailed filing. Detailed filing data is available for this year.$3.36$0.05$3.31$5.63$6.42$0.79
2022Detailed filing. Detailed filing data is available for this year.$5.55$0.25$5.29$6.74$5.90$0.84
2021Detailed filing. Detailed filing data is available for this year.$4.60$0.14$4.46$5.57$4.54$1.03
2020Detailed filing. Detailed filing data is available for this year.$3.53$0.10$3.42$3.20$2.95$0.24
2019Detailed filing. Detailed filing data is available for this year.$3.53$0.35$3.18$5.63$4.90$0.73
2018Detailed filing. Detailed filing data is available for this year.$2.68$0.23$2.45$5.34$5.32$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.58$0.15$2.43$5.43$5.53$0.10
2016Detailed filing. Detailed filing data is available for this year.$2.67$0.15$2.53$5.04$4.99$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.64$0.17$2.47$3.96$3.88$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.62$0.22$2.40$4.02$3.71$0.31
2013Detailed filing. Detailed filing data is available for this year.$2.22$0.13$2.09$4.65$4.18$0.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.15$1.62$3.79
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.19$1.51$3.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$0.17$1.37$3.30
Peer Organizations

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