Overview
What is Indianapolis Rowing Center Inc?
The Indianapolis Rowing Center Inc, located in Indianapolis, Indiana, is a nonprofit organization dedicated to fostering the sport of rowing among youth and adults, regardless of their social or economic backgrounds. They achieve this by offering skilled instruction, a range of enriching programs, and state-of-the-art facilities. As a means of generating revenue, the center hosts events that cater to high schools, masters organizations, and collegiate groups, including national and regional championships. The organization, with a workforce of 4 individuals, plays a significant role in the community by promoting the sport and providing opportunities for personal growth through rowing.
Official website here: www.indyrowing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
The Indianapolis Rowing Center Inc has achieved a Three-Star rating, reflecting a solid Accountability & Finance score of 77%. This score indicates that the organization demonstrates good financial health and transparency, which are critical for fostering donor trust and support. The high score is primarily driven by the absence of asset diversion and the presence of a fully independent board.
Strengths of the organization include its 100% independent board members, ensuring unbiased governance and decision-making. Additionally, the charity has robust policies in place, including conflict of interest and whistleblower protections, as well as thorough documentation of board meeting minutes, all contributing to its strong accountability measures. The program expense ratio of 74.51% signifies that a substantial portion of its resources is directed toward its mission-related activities.
While the overall rating is commendable, it is important for potential donors to consider the lack of a broader range of metrics that may reflect other operational aspects of the organization. Focusing on a singular beacon score may limit the understanding of its overall impact and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Indianapolis Rowing Center Inc legitimate?
Indianapolis Rowing Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indianapolis Rowing Center 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: $86,738
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,458
For more financial information, click here
Official website here: www.indyrowing.org
What is the mission statement of Indianapolis Rowing Center Inc?
The Indianapolis Rowing Center Inc., as a non-profit organization, is committed to fostering personal growth and development among both youth and adults, irrespective of their social and economic backgrounds. This is achieved through the sport of rowing, providing competent and knowledgeable instruction, a range of skill-enhancing programs, and state-of-the-art facilities. The center's mission is to offer an inclusive environment that encourages participation in rowing, fostering both individual and team spirit. Additionally, the organization hosts events, welcoming high schools, masters groups, and collegiate organizations, some of which are national or regional championships, to generate revenue and promote the sport further.
Official website here: www.indyrowing.org
Who is the CEO of Indianapolis Rowing Center Inc?
Michael Sapper Cpa is the Program Dire of Indianapolis Rowing Center Inc.
Official website here: www.indyrowing.org
What is the revenue of Indianapolis Rowing Center Inc?
Indianapolis Rowing Center Inc's revenue in 2022 was $625,638.
Official website here: www.indyrowing.org
Who are the executives of Indianapolis Rowing Center Inc and what are their salaries?
The average compensation at Indianapolis Rowing Center Inc during 2022 was $30,549. There are 4 employees and 105 volunteers at Indianapolis Rowing Center Inc.
Here are 14 key members and their salaries:
- Compensation: $50,000
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- Other: $0
- Compensation: $28,021
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- Other: $0
- Compensation: $8,718
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- Other: $0
Official website here: www.indyrowing.org
Where can I find the form 990 for Indianapolis Rowing Center Inc?
Indianapolis Rowing Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indyrowing.org
Learn more at the official website: www.indyrowing.org
Mission Statement of Indianapolis Rowing Center Inc
The Indianapolis Rowing Center Inc, a non-profit organization, is committed to fostering the development of youth and adults from various social and economic backgrounds. They achieve this goal through the engaging sport of rowing, offering experienced and knowledgeable instruction, a variety of skill-enhancing programs, and world-class facilities. By providing a conducive environment for learning and growth, the Indianapolis Rowing Center Inc seeks to empower its participants and instill a sense of accomplishment and teamwork.
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Impact
July, 2024
The impact of the Indianapolis Rowing Center Inc extends far beyond the sport of rowing. By providing experienced instruction, skill-enhancing programs, and top-notch facilities, the organization plays a crucial role in the development of youth and adults from all social and economic backgrounds. Through their dedication to inclusivity and education, the Indianapolis Rowing Center is not only creating strong athletes but also fostering personal growth and community engagement. Additionally, by hosting events open to various organizations, the IRC is able to generate revenue that supports its mission of promoting rowing as a recreational and competitive activity. In doing so, the center contributes to the overall well-being and vitality of the community in Indianapolis.
This information is meant to be a general summary of Indianapolis Rowing Center 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: $7,122
- Program Service Revenue: $303,225
- Gross Receipts: $643,305
Assets and Liabilities:
- Total Assets: $502,454
- Total Liabilities: $0
- Net Assets: $502,454
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGATTA TRAVEL REVENUE
Revenue
$195,225
VENUE USE/ RENTAL
Revenue
$96,780
EQUIPMENT FEE
Revenue
$9,900
COACHING FEE
Revenue
$1,320
Organization Details
Founding Year
1988
Phone
(317) 991-1829Principal Officer
Michael Sapper Cpa
Main Address
PO BOX 53223, INDIANAPOLIS, IN, 46253
Website
www.indyrowing.orgNTEE Category
Code: N67 - Recreation
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