Overview
What is White Rock Boathouse Inc?
White Rock Boathouse Inc is a nonprofit organization situated in Dallas, Texas. Its primary mission is to enhance the physical and mental well-being of youth through the promotion and instruction of amateur rowing. This is achieved by offering clinics, workshops, and lessons. The organization also aims to foster national and international amateur rowing competition, promoting an appreciation and understanding of the sport in the Dallas-Fort Worth metropolitan area. In addition, White Rock Boathouse Inc operates the historic White Rock Lake Boathouse, leasing and operating it for the benefit of its programs and events. This nonprofit employs a team of 16 individuals dedicated to achieving its objectives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
White Rock Boathouse Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. This score reflects the charity's commitment to transparent practices and effective financial management, with a particular emphasis on accountability metrics. The organization has maintained a favorable accountability and finance score of 75%, which suggests it is handling its resources responsibly.
The nonprofit boasts a fully independent board, with 100% of its members meeting independence criteria. This governance structure enhances the organization's credibility and integrity. Furthermore, there are no reported material diversions of assets, and the organization adheres to important policies involving conflict of interest and document retention. These factors contribute to a strong foundation of trust with stakeholders and supporters.
On the financial side, White Rock Boathouse Inc demonstrates effective allocation of its resources, with a program expense ratio of over 74%. This indicates that a significant portion of its budget is dedicated to programs, reflecting a commitment to fulfilling its mission. However, while the financial health appears robust, there is always room for improvement in other areas to enhance overall impact and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is White Rock Boathouse Inc legitimate?
White Rock Boathouse Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. White Rock Boathouse 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $314,097
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What is the mission statement of White Rock Boathouse Inc?
White Rock Boathouse Inc is organized with a primary focus on promoting educational, charitable, and amateur sports competitions, specifically in rowing, falling under sections 501(C)(3) and 501(J) of the code. Their mission is multifaceted, aiming to enhance the physical and mental well-being of youth in their area through rowing clinics, workshops, and lessons. Additionally, they strive to foster an understanding and appreciation of rowing by sponsoring recreational and competitive rowing programs and events, as well as providing regular instructional programs on rowing techniques and skills. Lastly, the corporation manages and operates the historic White Rock Lake Boathouse, owned by the city, to support their mission.
Who is the CEO of White Rock Boathouse Inc?
Sue Ellen Chambers is the President of White Rock Boathouse Inc.
What is the revenue of White Rock Boathouse Inc?
White Rock Boathouse Inc's revenue in 2022 was $1,224,063.
Who are the executives of White Rock Boathouse Inc and what are their salaries?
The average compensation at White Rock Boathouse Inc during 2022 was $19,631. There are 16 employees at White Rock Boathouse Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for White Rock Boathouse Inc?
White Rock Boathouse Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of White Rock Boathouse Inc
White Rock Boathouse Inc is an organization dedicated to achieving educational, charitable, and sports competition objectives, falling under the categories of Section 501(C)(3) and 501(J) of the Code. The corporation's primary purpose is to foster national and international amateur rowing competition. To accomplish this mission, White Rock Boathouse Inc undertakes various initiatives.
Firstly, the organization promotes the physical and mental well-being of young individuals residing in the Dallas-Fort Worth metropolitan area. This is achieved by providing clinics, workshops, and lessons in the art of rowing, which are most likely to yield the desired results.
Secondly, White Rock Boathouse Inc works to enhance and encourage an appreciation for the sport of rowing within the Dallas-Fort Worth metropolitan area. They do this by supporting and sponsoring recreational and competitive rowing programs and events, and through regular instructional programs to teach the techniques and skills of rowing at all ability levels.
Lastly, the corporation is responsible for the restoration, maintenance, leasing, and operation of the historic White Rock Lake Boathouse, which is owned by the city. This boathouse plays a crucial role in supporting the organization's mission, providing a central location for all their rowing activities.
In summary, White Rock Boathouse Inc is an organization that works to promote the physical and mental well-being of young individuals through rowing, while also fostering an appreciation for the sport and restoring, maintaining, and operating a historic boathouse.
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Impact
October, 2024
White Rock Boathouse Inc significantly impacts the Dallas-Fort Worth community by promoting health and well-being among youth through amateur rowing. The organization fosters both physical and mental development by offering clinics, workshops, and lessons tailored to various skill levels. This inclusive approach encourages participation in recreational and competitive rowing programs, enriching the lives of young individuals and instilling a love for the sport.
Additionally, White Rock Boathouse Inc plays a crucial role in advancing the understanding and appreciation of rowing within the area. By operating at the historic White Rock Lake Boathouse, the organization not only maintains a vital community space but also serves as a hub for rowing enthusiasts. This stewardship fosters greater community engagement and connection to the sport.
Through these efforts, White Rock Boathouse Inc contributes to building a strong foundation for youth development, promoting teamwork, discipline, and a healthy lifestyle while inspiring the next generation of rowers to compete on national and international stages.
This information is meant to be a general summary of White Rock Boathouse 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: $6,430
- Program Service Revenue: $670,487
- Gross Receipts: $1,224,063
Assets and Liabilities:
- Total Assets: $2,504,207
- Total Liabilities: $88,280
- Net Assets: $2,415,927
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROWING RELATED INCOME
Revenue
$670,487
Organization Details
Founding Year
2003
Phone
(214) 533-4507Principal Officer
Sue Ellen Chambers
Main Address
PO BOX 140935, DALLAS, TX, 75214
NTEE Category
Code: B90 - Education
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