Overview
What is Friends Of The Schuylkill Navy?
Friends of the Schuylkill Navy is a nonprofit organization situated in Philadelphia, Pennsylvania. With a small team of five individuals, their primary mission is to foster amateurism on the Schuylkill River. They achieve this by organizing various rowing regattas, including the renowned Stotesbury Cup Regatta, which attracts nearly 6,000 high school participants, making it the largest high school regatta in the United States. Beyond rowing events, Friends of the Schuylkill Navy aims to contribute to the river's restoration, engage the public, develop the next generation of stewards, restore Boathouse Row's relevance, promote safety, manage regattas, develop the community, and share best practices. Their activities extend beyond sports, as they also strive to enhance the Schuylkill River's overall wellbeing and engage the local community.
Official website here: www.boathouserow.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (69%)
Friends of the Schuylkill Navy has received a two-star rating, indicating that the organization requires improvement in certain areas. While it boasts a strong accountability score due to having 100% independent board members and a favorable liabilities to assets ratio, it falls short in financial transparency. The absence of financial statements and policies regarding conflicts of interest and whistleblowers are notable weaknesses.
Despite its challenges, the organization demonstrates strength in program expenses, allocating a significant 87.42% of its budget to programs. This suggests a commitment to its mission and effective use of resources toward its initiatives. However, the lack of posted financial documents on its website could hinder stakeholders’ ability to assess its financial health fully.
Overall, while Friends of the Schuylkill Navy shows promise in its operational focus and independent governance, it urgently needs to address its transparency issues to improve its standing and trustworthiness within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Schuylkill Navy legitimate?
Friends Of The Schuylkill Navy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Schuylkill Navy 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: $15,262
For more financial information, click here
Official website here: www.boathouserow.org
What is the mission statement of Friends Of The Schuylkill Navy?
The mission of Friends Of The Schuylkill Navy is centered around promoting amateurism on the Schuylkill River. This involves several key objectives. Firstly, they aim to improve the restoration of the river, ensuring its health and preservation. Secondly, they engage the public, encouraging their involvement and interest in the river's activities. Thirdly, they strive to develop the next generation of stewards, fostering a sense of responsibility and care towards the river. Fourthly, they aim to restore Boathouse Row's relevance, preserving its historical significance and importance. Fifthly, they prioritize safety, ensuring all activities on the river are conducted securely. Sixthly, they manage regattas, organizing events that attract a large number of participants. Lastly, they develop the community, fostering a sense of unity and shared purpose around the river.
Official website here: www.boathouserow.org
Who is the CEO of Friends Of The Schuylkill Navy?
Margaret Meigs is the Director of Friends Of The Schuylkill Navy.
Official website here: www.boathouserow.org
What is the revenue of Friends Of The Schuylkill Navy?
Friends Of The Schuylkill Navy's revenue in 2022 was $576,958.
Official website here: www.boathouserow.org
Who are the executives of Friends Of The Schuylkill Navy and what are their salaries?
The average compensation at Friends Of The Schuylkill Navy during 2022 was $3,052. There are 5 employees and 5 volunteers at Friends Of The Schuylkill Navy.
Here are 5 key members and their salaries:
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Official website here: www.boathouserow.org
Where can I find the form 990 for Friends Of The Schuylkill Navy?
Friends Of The Schuylkill Navy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.boathouserow.org
Learn more at the official website: www.boathouserow.org
Mission Statement of Friends Of The Schuylkill Navy
Friends of the Schuylkill Navy, a nonprofit organization, is committed to promoting amateurism on the Schuylkill River. Their mission is multifaceted and encompasses several key areas. Firstly, they aim to improve the condition of the river itself. Secondly, they strive to engage the local community, fostering a sense of involvement and appreciation for the river. Thirdly, they seek to develop the next generation of river stewards, instilling a sense of responsibility and care for the environment.
Furthermore, Friends of the Schuylkill Navy works towards restoring Boathouse Row's relevance, preserving its historical significance and promoting its importance in the local community. Safety is another priority, ensuring that activities on the river are conducted in a secure environment. Regattas are an integral part of their mission, with Friends of the Schuylkill Navy hosting several events, including the renowned Stotesbury Cup Regatta, the largest high school regatta in the United States with nearly 6,000 participants.
Lastly, the organization focuses on community development, sharing best practices with other organizations and fostering a sense of camaraderie among those who share a passion for the river. By engaging in these various activities, Friends of the Schuylkill Navy effectively promotes amateurism on the Schuylkill River and contributes to the broader community.
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Impact
July, 2024
Friends Of The Schuylkill Navy's impact is significant in promoting amateurism on the Schuylkill River. Through conducting several rowing regattas on the river, including the renowned Stotesbury Cup Regatta which is the largest high school regatta in the United States with nearly 6,000 participants, they are actively engaging the community in water sports and fostering a culture of amateur rowing. Their mission to improve river restoration, engage the public, develop the next generation of stewards, restore Boathouse Row relevance, promote safety, manage regattas, develop community, and share best practices is contributing to the overall well-being and vitality of the river and its surrounding areas.
This information is meant to be a general summary of Friends Of The Schuylkill Navy. 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: $68
- Program Service Revenue: $576,890
- Gross Receipts: $576,958
Assets and Liabilities:
- Total Assets: $410,275
- Total Liabilities: $138,945
- Net Assets: $271,330
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGATTAS
Revenue
$576,890
Organization Details
Founding Year
1996
Phone
(610) 620-6570Principal Officer
Margaret Meigs
Main Address
4 KELLY DRIVE, PHILADELPHIA, PA, 191301002
Website
www.boathouserow.orgNTEE Category
Code: N70 - Recreation
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