Overview
What is Riverside Boat Club Of Cambridge?
The Riverside Boat Club of Cambridge is a nonprofit organization situated in Cambridge, Massachusetts. With a significant membership base of over 350 individuals, it offers both competitive and recreational rowing programs catering to various ages and skill levels. The club's mission is to provide necessary facilities, equipment, and coaches, encouraging the development of rowing skills at a high competitive level while fostering a friendly and sociable atmosphere among its members. The club's operations and activities are focused on promoting rowing competitions and instruction, thereby enriching the rowing community in the area.
Official website here: www.riversideboatclub.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star Rating)
Riverside Boat Club Of Cambridge has received a solid Three-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. The organization scored an impressive 88% overall due to its high performance in various accountability metrics, indicating that it operates with transparency and responsible financial practices.
The nonprofit boasts a fully independent board, achieving full points for both the majority of board members being independent and the board size. Additionally, it has an effective audit and oversight committee, with no material diversion of assets reported, which underscores its reliability. Other strengths include the inclusion of essential policies related to conflict of interest, and it maintains a commendable program expense ratio of 93.04%, ensuring that a significant portion of its funds directly supports its mission.
However, there are areas for improvement, particularly in governance policies. The organization lacks a whistleblower policy and document retention and destruction policy, both of which received zero points. While these omissions do not detract significantly from its overall score, addressing these gaps could enhance its governance structure and further reassure stakeholders of its commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Riverside Boat Club Of Cambridge legitimate?
Riverside Boat Club Of Cambridge is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riverside Boat Club Of Cambridge submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $68,783
For more financial information, click here
Official website here: www.riversideboatclub.com
What is the mission statement of Riverside Boat Club Of Cambridge?
The Riverside Boat Club, in its mission, aims to offer necessary facilities, equipment, and coaching to foster the development of rowing skills at a competitive level. It strives to create a congenial and social atmosphere among its rowing community. The club provides both competitive and recreational rowing programs catering to various age groups and skill levels. Its membership exceeds 350 individuals.
Official website here: www.riversideboatclub.com
Who is the CEO of Riverside Boat Club Of Cambridge?
Lynn Osborn is the President of Riverside Boat Club Of Cambridge.
Official website here: www.riversideboatclub.com
What is the revenue of Riverside Boat Club Of Cambridge?
Riverside Boat Club Of Cambridge's revenue in 2021 was $606,845.
Official website here: www.riversideboatclub.com
Who are the executives of Riverside Boat Club Of Cambridge and what are their salaries?
The average compensation at Riverside Boat Club Of Cambridge during 2021 was $6,878. There are 10 employees and 40 volunteers at Riverside Boat Club Of Cambridge.
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Official website here: www.riversideboatclub.com
Where can I find the form 990 for Riverside Boat Club Of Cambridge?
Riverside Boat Club Of Cambridge's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.riversideboatclub.com
Learn more at the official website: www.riversideboatclub.com
Mission Statement of Riverside Boat Club Of Cambridge
Riverside Boat Club of Cambridge is committed to fostering a vibrant community of rowers, catering to individuals of various ages and skill levels. Their mission is twofold: firstly, they aim to offer top-notch facilities, equipment, and coaching to encourage the development of exemplary rowing skills at competitive levels. Secondly, they strive to cultivate a friendly and sociable atmosphere among their members. The club boasts a membership of over 350 individuals, who participate in both competitive and recreational rowing programs. By providing an inclusive and supportive environment, Riverside Boat Club of Cambridge encourages its members to hone their rowing abilities, fostering camaraderie and a shared passion for the sport.
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Impact
July, 2024
Riverside Boat Club of Cambridge has a significant impact on the community by offering competitive and recreational rowing programs for individuals of various ages and skill levels. With over 350 members, the club provides facilities, equipment, and coaches to promote rowing skills at the highest competitive levels while fostering a friendly and social atmosphere among its community of rowers. The club's mission is not only to develop rowing skills but also to build a strong sense of camaraderie and sportsmanship within its community.
This information is meant to be a general summary of Riverside Boat Club Of Cambridge. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $143,450
- Program Service Revenue: $398,701
- Gross Receipts: $606,845
Assets and Liabilities:
- Total Assets: $2,915,123
- Total Liabilities: $254
- Net Assets: $2,914,869
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES & OTHER PROGRAM
Revenue
$154,831
MEMBERSHIPS DUES
Revenue
$243,870
Organization Details
Founding Year
1869
Phone
(617) 492-1869Principal Officer
Lynn Osborn
Main Address
769 MEMORIAL DRIVE, CAMBRIDGE, MA, 02139
Website
www.riversideboatclub.comNTEE Category
Code: N70 - Recreation
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