Overview
What is Merrimac River Rowing Assn Inc?
Merrimac River Rowing Assn Inc is a nonprofit organization dedicated to fostering the amateur sport of rowing, encompassing both competitive and recreational aspects. They achieve this goal through various means, such as promoting active rowing, organizing training sessions, hosting regattas, encouraging social and organizational involvement. Their mission is to engage individuals in this sport, providing them with an opportunity to grow and develop their skills.
Official website here: www.merrimackrowing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
Merrimac River Rowing Association Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization scored particularly well in areas such as having a majority of independent board members and maintaining a favorable liabilities to assets ratio. The program expense ratio is also impressive at 88.57%, suggesting that a significant portion of its resources is directed toward its mission.
However, there are notable areas for improvement. The charity is marked down for lacking key governance policies, including a conflict of interest policy and a whistleblower policy, which are vital for ensuring transparency and ethical conduct. The absence of these policies detracts from the overall strength of the organization's governance framework.
Overall, while Merrimac River Rowing Association Inc demonstrates strong financial accountability, the missing governance policies highlight a need for the organization to enhance its operational policies to further improve its rating and build donor trust.
This AI summary has been generated from information found on Charity Navigator.
Is Merrimac River Rowing Assn Inc legitimate?
Merrimac River Rowing Assn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Merrimac River Rowing Assn 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:
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For more financial information, click here
Official website here: www.merrimackrowing.org
What is the mission statement of Merrimac River Rowing Assn Inc?
The mission of Merrimac River Rowing Assn Inc is focused on promoting the amateur sport of rowing, encompassing both its competitive and recreational aspects. They achieve this goal through various activities, including active rowing, training sessions, hosting regattas, encouraging social and organizational participation. The association aims to foster a community around rowing, providing opportunities for individuals to engage in this sport in a meaningful way.
Official website here: www.merrimackrowing.org
Who is the CEO of Merrimac River Rowing Assn Inc?
Dorothy Semonian is the Boat Captain of Merrimac River Rowing Assn Inc.
Official website here: www.merrimackrowing.org
What is the revenue of Merrimac River Rowing Assn Inc?
Merrimac River Rowing Assn Inc's revenue in 2022 was $44,056.
Official website here: www.merrimackrowing.org
Who are the executives of Merrimac River Rowing Assn Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.merrimackrowing.org
Where can I find the form 990 for Merrimac River Rowing Assn Inc?
Merrimac River Rowing Assn Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.merrimackrowing.org
Learn more at the official website: www.merrimackrowing.org
Mission Statement of Merrimac River Rowing Assn Inc
Merrimac River Rowing Association, Inc., is dedicated to fostering an interest in the amateur sport of rowing, encompassing both its competitive and recreational aspects. The organization achieves this mission through various means, including active rowing, training sessions, regattas, social events, and organizational participation. By engaging in these activities, Merrimac River Rowing Association, Inc., aims to promote and nurture the love for rowing among its members.
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Impact
August, 2024
Merrimac River Rowing Assn Inc plays a significant role in promoting the amateur sport of rowing, both competitively and recreationally. Through active rowing, training, regattas, and social and organizational participation, this organization fosters a vibrant rowing community in Lowell, Massachusetts. Their impact extends beyond just physical activity, providing a space for individuals to challenge themselves, build teamwork skills, and connect with others who share a passion for rowing. Overall, Merrimac River Rowing Assn Inc contributes to the growth and development of rowing enthusiasts while enriching the local community through its dedication to this sport.
This information is meant to be a general summary of Merrimac River Rowing Assn 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: $60
- Program Service Revenue: $34,496
- Gross Receipts: $44,056
Assets and Liabilities:
- Total Assets: $193,769
- Total Liabilities: $0
- Net Assets: $193,769
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COACHING AND LESSONS
FESTIVAL REGATTA - OTHER
Membership Dues & Assessments
Revenue
$34,496
MISCELLANEOUS INCOME
SKILLS ACQUISITION - LT
Organization Details
Founding Year
1984
Phone
(978) 746-7023Principal Officer
Dorothy Semonian
Main Address
PO BOX 1909, LOWELL, MA, 01853
Website
www.merrimackrowing.orgNTEE Category
Code: N70 - Recreation
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