Overview
What is Nereid Boat Club?
The Nereid Boat Club, based in Rutherford, New Jersey, is a nonprofit organization primarily focused on promoting and fostering the sport of rowing among local youth. They achieve this goal by engaging with high schools through their Learn to Row programs, encouraging young individuals to participate in competitive rowing. Beyond promoting rowing, the club also serves to enhance the physical education and social interactions of its members, while contributing to the environmental conservation of the Passaic River. With a dedicated team of 12 employees, the Nereid Boat Club works towards improving the quality of life in its community.
Official website here: www.nereidbc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Nereid Boat Club has achieved an impressive score of 96%, reflecting a strong commitment to accountability and financial management. The organization secures a Four-Star rating, indicating a high level of transparency and responsibility in its operations, which is crucial for donor trust and confidence. The overall score is derived entirely from the Accountability & Finance beacon, showing a focused commitment to these essential practices.
The nonprofit demonstrates exceptional governance with 90% of its board members being independent, which enhances its oversight and reduces potential conflicts of interest. The financial health of Nereid Boat Club is also commendable, with a low liabilities-to-assets ratio of 28.48% and a program expense ratio of 93.03%. This suggests that a significant portion of its resources is directed toward its programs rather than administrative costs.
While the data shows a strong financial position and governance structure, potential donors and stakeholders should consider the organization's specific programs and community impact to gain a complete picture of its effectiveness. Overall, Nereid Boat Club stands out as a responsible and well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Nereid Boat Club legitimate?
Nereid Boat Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nereid Boat 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: $2,153
Professional Fundraising Fees: $0
Other Salaries and Wages: $219,202
For more financial information, click here
Official website here: www.nereidbc.org
What is the mission statement of Nereid Boat Club?
The Nereid Boat Club's mission is centered around promoting and participating in the sport of rowing. It strives to enhance the physical education and social interaction among its members. Additionally, the club works towards improving the environmental conditions of the Passaic River and contributing to the well-being of the surrounding community. The club's youth rowing program aims to popularize rowing among local high school students through learn-to-row programs and encourages youth rowers to participate in competitive rowing events.
Official website here: www.nereidbc.org
Who is the CEO of Nereid Boat Club?
Ben Storch is the Member/Member Director of Nereid Boat Club.
Official website here: www.nereidbc.org
What is the revenue of Nereid Boat Club?
Nereid Boat Club's revenue in 2022 was $653,853.
Official website here: www.nereidbc.org
Who are the executives of Nereid Boat Club and what are their salaries?
The average compensation at Nereid Boat Club during 2022 was $18,446. There are 12 employees and 90 volunteers at Nereid Boat Club.
Here are 8 key members and their salaries:
- Compensation: $1,313
- Related: $0
- Other: $0
- Compensation: $840
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nereidbc.org
Where can I find the form 990 for Nereid Boat Club?
Nereid Boat Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nereidbc.org
Learn more at the official website: www.nereidbc.org
Mission Statement of Nereid Boat Club
Nereid Boat Club, a nonprofit organization, is dedicated to promoting and participating in the sport of rowing. Its primary mission is threefold: to encourage the healthful exercise of rowing among its members, to enhance and refine physical education and social interaction within the club, and to contribute to the betterment of the environmental conditions of the Passaic River. Furthermore, the club seeks to improve the quality of life in the community where it is situated.
To accomplish its mission, Nereid Boat Club engages in various activities. One of its key initiatives is to promote rowing among local high school students. This is achieved through Learn to Row programs, which introduce young individuals to the sport. Once engaged, these youth rowers are encouraged to participate in competitive rowing. By doing so, the club not only fosters a love for rowing but also provides an opportunity for these young individuals to develop teamwork, discipline, and resilience.
In addition to promoting rowing, Nereid Boat Club also focuses on improving the physical education and social interaction among its members. The club provides a platform for its members to engage in a healthy activity, promoting physical fitness and camaraderie. Furthermore, by contributing to the environmental condition of the Passaic River, the club demonstrates its commitment to the well-being of the community it serves. By engaging in these activities, Nereid Boat Club effectively fulfills its mission of promoting rowing, enhancing physical education, and improving the community.
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Impact
July, 2024
Nereid Boat Club's impact is evident in its promotion and participation in the sport of rowing, as well as its efforts to educate members and improve the Rutherford community. The club's youth rowing program plays a significant role in promoting youth rowing by reaching out to local high schools through learn-to-row programs and engaging young rowers in competitive rowing. By engaging in and promoting the healthful exercise of rowing, improving physical education and social interaction among members, enhancing the environmental condition of the Passaic River, and contributing to the quality of life in the community, Nereid Boat Club is making a positive impact not just within its organization but also within the larger community of Rutherford, NJ.
This information is meant to be a general summary of Nereid Boat 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.
- Program Service Revenue: $503,734
- Gross Receipts: $653,853
Assets and Liabilities:
- Total Assets: $1,306,427
- Total Liabilities: $421,977
- Net Assets: $884,450
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROWING PROGRAMS AND FE
Revenue
$503,734
Organization Details
Founding Year
1868
Phone
(201) 438-3995Principal Officer
Ben Storch
Main Address
350 RIVERSIDE AVENUE PO BOX 1678, RUTHERFORD, NJ, 07070
Website
www.nereidbc.orgNTEE Category
Code: N50 - Recreation
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