Overview
What is National Rowing Foundation Inc?
The National Rowing Foundation Inc, located in Melrose, Massachusetts, is a nonprofit organization dedicated to supporting American rowers in their pursuit of excellence in the sport. Their primary mission is to facilitate the participation of US athletes in international competitions, including world and Olympic events. This involves covering transportation and lodging expenses for national and international championships, as well as purchasing rowing equipment for training and competitions. With just one employee, the National Rowing Foundation Inc is committed to fostering the growth and success of American rowing on a global stage.
Official website here: www.natrowing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The National Rowing Foundation Inc has achieved a remarkable Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial transparency. This rating is based entirely on their performance in the Accountability & Finance beacon, demonstrating their dedication to maintaining high standards in these areas. Notably, the organization has received perfect scores in key areas such as independent board membership and financial oversight.
Strengths of the National Rowing Foundation include a fully independent board, with a total of 53 members, which supports unbiased governance. Their financial management is exemplary, showcasing a low liabilities-to-assets ratio and a high percentage of program expenses directed towards their mission, reflecting effective use of funds. Additionally, they have implemented robust policies, including conflict of interest and whistleblower policies, ensuring ethical operations.
While the foundation excels in financial accountability, the summary does not provide insights into their programmatic impact or community engagement. This lack of information means that while their financial practices are commendable, potential donors or supporters may seek additional details on the effectiveness of their initiatives in advancing rowing and related activities.
This AI summary has been generated from information found on Charity Navigator.
Is National Rowing Foundation Inc legitimate?
National Rowing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Rowing Foundation Inc 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: $15,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.natrowing.org
What is the mission statement of National Rowing Foundation Inc?
The National Rowing Foundation's primary mission is geared towards supporting athletes in their pursuit of excellence in the sport of rowing. The ultimate goal is to encourage the participation of USA athletes in international competitions, including World and Olympic events. This support often extends to covering transportation and lodging expenses for national and international championship events, as well as purchasing rowing equipment for training and competition.
Official website here: www.natrowing.org
Who is the CEO of National Rowing Foundation Inc?
Tom Martin is the Treasurer of National Rowing Foundation Inc.
Official website here: www.natrowing.org
What is the revenue of National Rowing Foundation Inc?
National Rowing Foundation Inc's revenue in 2022 was $933,391.
Official website here: www.natrowing.org
Who are the executives of National Rowing Foundation Inc and what are their salaries?
The average compensation at National Rowing Foundation Inc during 2022 was $15,000. There is 1 employee at National Rowing Foundation Inc.
Here are 5 key members and their salaries:
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.natrowing.org
Where can I find the form 990 for National Rowing Foundation Inc?
National Rowing Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.natrowing.org
Learn more at the official website: www.natrowing.org
Mission Statement of National Rowing Foundation Inc
The National Rowing Foundation, a notable organization, is dedicated to supporting athletes in their pursuit of excellence in the sport of rowing. Their primary mission is to promote the participation of USA athletes in world and Olympic international competitions. To achieve this goal, they provide financial assistance in the form of transportation and lodging expenses for national and international championship events. Furthermore, they invest in the acquisition of rowing equipment for training and competition, contributing to the athletes' preparation and performance.
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Impact
July, 2024
National Rowing Foundation Inc's impact is centered around supporting athletes in their pursuit of excellence in the sport of rowing, particularly with the goal of promoting USA athletes' participation in world and Olympic international competition. This organization provides essential support by covering transportation and lodging expenses for US rowing teams participating in national and international championship events. Additionally, they fund the purchase of rowing equipment for training and competition purposes. Through their efforts, the National Rowing Foundation plays a key role in facilitating the development and success of American rowers on the international stage.
This information is meant to be a general summary of National Rowing Foundation Inc. 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 2022.
- Investment Income: $291,726
- Gross Receipts: $1,562,489
Assets and Liabilities:
- Total Assets: $7,236,533
- Total Liabilities: $1,553
- Net Assets: $7,234,980
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Organization Details
Founding Year
1966
Phone
(781) 733-0323Principal Officer
Tom Martin
Main Address
32 SHERWOOD RD, MELROSE, MA, 02176
Website
www.natrowing.orgNTEE Category
Code: N110 - Recreation
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