Overview
What is California Rowing Club?
The California Rowing Club, situated at 10 Clay Street 200, Oakland, CA 94607, is a nonprofit organization dedicated to fostering and enhancing the skills of U.S. rowers aiming for world-class and Olympic competitions. With a team of 3 employees, the club offers ongoing training at the Oakland Boathouse facility and has seen remarkable successes with 13 athletes from its training center competing at prestigious events such as the National Selection Regatta, World Rowing Cup II in Varese, Italy, and World Rowing Championships in Belgrado, Serbia. The organization's mission is primarily charitable, scientific, literary, and educational, aligning with Section 501(C)(3) of the Internal Revenue Code, and its primary focus is on developing and supporting postgraduate rowing programs to improve the United States' standing in international and Olympic rowing competitions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning it a Two-Star out of Four Star rating.
The California Rowing Club has received a 72% rating from Charity Navigator, indicating a need for improvement in its accountability and financial transparency. While the organization has a fully independent board, it has significant shortcomings in publishing financial statements and making tax forms available on its website, which are crucial for donor trust and accountability.
On a positive note, the club demonstrates strong program expense management, with 78.62% of its expenses allocated to its mission-related programs. Additionally, it has received perfect scores for its conflict of interest policy, whistleblower policy, and document retention practices, reflecting an overall commitment to ethical governance.
However, the lack of an independent board size and transparency in financial reporting are notable limitations that could affect the club’s credibility with potential donors. Addressing these issues would enhance its overall rating and foster greater trust within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is California Rowing Club legitimate?
California Rowing Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. California Rowing Club 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: $336,871
For more financial information, click here
What is the mission statement of California Rowing Club?
The California Rowing Club is established with charitable, scientific, literary, and educational purposes, aligning with Section 501(C)(3) of the Internal Revenue Code of 1986. Its primary objective is to enhance the United States' performance in world-class and Olympic rowing competitions. This is achieved through the development and support of postgraduate rowing programs. The club aims to contribute to the betterment of rowing athletes, ultimately strengthening the U.S.'s representation in international competitions.
Who is the CEO of California Rowing Club?
Matthew Semansky is the Board Chairman of California Rowing Club.
What is the revenue of California Rowing Club?
California Rowing Club's revenue in 2022 was $1,243,304.
Who are the executives of California Rowing Club and what are their salaries?
The average compensation at California Rowing Club during 2022 was $112,290. There are 3 employees and 2 volunteers at California Rowing Club.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $175,000
- Related: $0
- Other: $6,150
Where can I find the form 990 for California Rowing Club?
California Rowing Club's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of California Rowing Club
The California Rowing Club, organized under Section 501(c)(3) of the Internal Revenue Code of 1986, is a nonprofit corporation with a mission to contribute to the advancement of the United States in international and Olympic rowing competitions. Their specific purpose is to develop and support postgraduate rowing programs, aiming to enhance the performance of the U.S. in these high-level competitions. This nonprofit corporation operates with the objective of promoting charitable, scientific, literary, and educational pursuits in the realm of rowing.
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Impact
August, 2024
California Rowing Club's impact includes developing world-class rowers who compete at national and international levels, such as the National Selection Regatta, World Rowing Cup, and World Rowing Championships. By providing ongoing training at the Oakland boathouse facility, the club is contributing to the advancement of U.S. rowing competitiveness in elite competitions. With a focus on postgraduate rowing programs, California Rowing Club is playing a crucial role in enhancing the performance of U.S. rowers on the global stage.
This information is meant to be a general summary of California Rowing Club. 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: $4
- Gross Receipts: $1,485,380
Assets and Liabilities:
- Total Assets: $2,403,883
- Total Liabilities: $39,844
- Net Assets: $2,364,039
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Organization Details
Founding Year
2004
Phone
(510) 899-7919Principal Officer
Matthew Semansky
Main Address
10 CLAY ST 200, OAKLAND, CA, 94607
NTEE Category
Code: N71 - Recreation
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