Overview
What is Princeton National Rowing Association?
The Princeton National Rowing Association (PNRA) is a nonprofit organization situated in Princeton Junction, New Jersey. Their primary mission is to offer a platform for athletes of various backgrounds and abilities to hone their rowing skills to their full potential. They achieve this by maintaining and continually enhancing one of the country's top rowing venues, providing a world-class training facility for various PNRA constituents, including Olympic and elite team members, local students, and Masters rowers. PNRA is deeply committed to fostering opportunities for youth in the sport of rowing. They do this by conducting top-tier regattas and events, integrating rowing into local schools' physical education curriculums, and operating programs like the Swim to Row Program and the STEM to Stern Program. These initiatives aim to engage urban Trenton area students, with many of them becoming integrated into the Mercer Junior Rowing Program. PNRA's reach extends beyond its own membership, as it actively supports community development across Mercer County through targeted rowing programs. As of the provided information, the organization employs 38 individuals.
Official website here: www.rowpnra.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
The Princeton National Rowing Association has achieved a remarkable 96% rating from Charity Navigator, indicating a high level of accountability and financial health. This rating is derived solely from its strong performance in the Accountability & Finance beacon, showcasing the organization’s commitment to transparency and responsible management of funds.
Strengths of the association include a fully independent board, with all seven members being independent, which enhances governance and oversight. The organization has also demonstrated exceptional financial practices, with an impressive program expense ratio of 88.75%, ensuring that the majority of its funds are directed towards its mission-related programs. In addition, the presence of robust policies for conflict of interest, whistleblowing, and document retention further underscores its commitment to ethical governance.
While the ratings reflect a solid operational foundation, the detailed financial ratios and policies highlight that the Princeton National Rowing Association is both proactive and effective in maintaining its financial integrity and organizational health. Overall, this nonprofit exemplifies best practices in the nonprofit sector, making it a trustworthy option for donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Princeton National Rowing Association legitimate?
Princeton National Rowing Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Princeton National Rowing Association 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: $133,291
Professional Fundraising Fees: $0
Other Salaries and Wages: $393,423
For more financial information, click here
Official website here: www.rowpnra.org
What is the mission statement of Princeton National Rowing Association?
The Princeton National Rowing Association's mission is centered around offering a platform for athletes of various ages, abilities, and backgrounds to maximize their rowing skills. This is achieved through maintaining and enhancing one of the country's top rowing facilities, catering to both Olympic and elite team members, local students, and Masters rowers. Additionally, the association strives to foster opportunities for local youth to excel in rowing. They also host high-level regattas and events, and contribute to community development across a broader region through targeted rowing programs.
Official website here: www.rowpnra.org
Who is the CEO of Princeton National Rowing Association?
Ronald Chen is the President of Princeton National Rowing Association.
Official website here: www.rowpnra.org
What is the revenue of Princeton National Rowing Association?
Princeton National Rowing Association's revenue in 2022 was $1,611,599.
Official website here: www.rowpnra.org
Who are the executives of Princeton National Rowing Association and what are their salaries?
The average compensation at Princeton National Rowing Association during 2022 was $13,861. There are 38 employees and 600 volunteers at Princeton National Rowing Association.
Here are 8 key members and their salaries:
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- Compensation: $121,500
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- Other: $11,057
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Official website here: www.rowpnra.org
Where can I find the form 990 for Princeton National Rowing Association?
Princeton National Rowing Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rowpnra.org
Learn more at the official website: www.rowpnra.org
Mission Statement of Princeton National Rowing Association
Princeton National Rowing Association (PNRA) is dedicated to offering a platform where athletes from diverse backgrounds and skill levels can maximize their rowing potential. The organization's mission revolves around maintaining and continually enhancing one of the nation's leading rowing facilities. This venue serves as a training ground for a wide range of PNRA constituents, including Olympic and elite athletes, local students, and Masters rowers.
Beyond providing an excellent training environment, PNRA is committed to fostering opportunities for young individuals in the community to excel in rowing. The association recognizes the sport's transformative power and works diligently to cultivate a new generation of talented rowers. Additionally, PNRA hosts top-tier regattas and events, showcasing the sport's best athletes and providing an engaging experience for spectators.
Beyond its direct rowing-related activities, PNRA also invests in community development across Mercer County. The association achieves this through targeted rowing programs, aiming to leverage the sport's benefits to uplift the community as a whole. In summary, Princeton National Rowing Association is a comprehensive organization that supports athletes' growth, promotes rowing, and contributes to community enhancement.
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Impact
October, 2024
The Princeton National Rowing Association (PNRA) significantly enhances the local and regional rowing landscape by providing a premier training venue and fostering an inclusive environment for athletes of all ages, talents, and backgrounds. By maintaining a world-class facility, PNRA enables elite athletes, including Olympic team members, as well as local students and Masters rowers, to train at the highest level.
An essential component of PNRA's impact is the Mercer Junior Rowing Club, which engages around 200 student athletes from 35 local high schools. This program not only cultivates rowing skills but also instills values of discipline and teamwork. Through its outreach efforts, PNRA actively works to include youth from the urban Trenton area, integrating them into the broader rowing community. Programs such as Swim to Row and STEM to Stern broaden the reach of rowing by linking physical education with skill development.
Additionally, PNRA organizes top-level regattas and events, drawing attention to the sport while promoting community engagement and development across greater Mercer County. By continuously striving to enhance opportunities for youth and provide a comprehensive range of rowing programs, PNRA plays a transformative role in the lives of many aspiring athletes.
This information is meant to be a general summary of Princeton National Rowing Association. 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: $5,987
- Program Service Revenue: $1,294,988
- Gross Receipts: $1,688,643
Assets and Liabilities:
- Total Assets: $4,035,378
- Total Liabilities: $92,437
- Net Assets: $3,942,941
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$758,276
EVENT REVENUE
Revenue
$300,109
BOATHOUSE OPERATIONS
Revenue
$172,236
FACILITY FEES
Revenue
$50,100
STUDENT UNIFORM FEES
Revenue
$14,267
Organization Details
Founding Year
2000
Phone
(609) 799-7100Principal Officer
Ronald Chen
Main Address
1 SOUTH POST ROAD SUITE 1, PRINCETON JUNCTION, NJ, 08550
Website
www.rowpnra.orgNTEE Category
Code: N60 - Recreation
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