Philadelphia City Rowing Inc

EIN: 271522343 501(c)(3) Recreation & Sports

Plymouth Meeting, PA

Total Revenue
$990,966
Total Expenses
$959,550
Total Assets
$1,116,884
Net Assets
$636,444
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
PA
Tax Period
2024-01-01 to 2024-12-31

Philadelphia City Rowing Inc, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $991K in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $960K left a modest 3% surplus.

Mission

Philadelphia City Rowing, Inc. strives to recruit, train, educate and empower young people so that they can use the lessons learned on the water to experience success in all facets of life. Our year round competitive rowing program is provided to Philadelphia public school students entirely free.

Program Service Accomplishments

Program 1
Expenses: $533,118

High School program brings Philadelphia Public School students out onto the Schuylkill River and creates a safe place for them to find their strengths, grow together as a team, and make college a...

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High School program brings Philadelphia Public School students out onto the Schuylkill River and creates a safe place for them to find their strengths, grow together as a team, and make college a reality. Each year we serve 80 participants in this program. Practices take place six days per week throughout the school year, and include tutoring and academic support, mentoring, rowing and fitness instruction, and local and regional racing opportunities. We provide healthy snacks, team uniforms, swimming instruction, and public transportation tokens to eliminate the financial burden of participation on their families and ensure students have the tools they need to succeed. Program objectives for our high school program include: improved fitness and overall health, promote academic achievement and college/career readiness, provide mentoring and leadership development opportunities, and create opportunities for civic engagement and environmental stewardship.

Program 2
Expenses: $220,841

Middle School Program introduces students to the sport of rowing and lays the ground work for future participation in our high school program. This program serves more than 90 students annually...

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Middle School Program introduces students to the sport of rowing and lays the ground work for future participation in our high school program. This program serves more than 90 students annually, teaching them the basics of the rowing stroke and engaging them in games and other activities that promote overall health and well-being. Our Middle School Program serves students in 7th and 8th grade and meets three-days per week for eight weeks at a time. We offer both a spring and fall program. Nutrition education, environmental education, and swim lessons are also an integral part of the program.

Program 3
Expenses: $84,402

Summer Learn-To-Row Camps serve rising 7th through 10th graders and meets five days per week for two weeks at a time. There are three sessions. Each year our summer camps teach 120 Philadelphia...

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Summer Learn-To-Row Camps serve rising 7th through 10th graders and meets five days per week for two weeks at a time. There are three sessions. Each year our summer camps teach 120 Philadelphia public school students the basics of the rowing stroke and engage them in games and other activities that promote overall health and well-being. Nutrition education, environmental education, and swim lessons are also an integral part of the program.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $980,428
Program Service Revenue $1,913
Investment Income $8,625
Other Revenue $0
TOTAL REVENUE $990,966

Expense Breakdown

Grants Paid $0
Salaries & Benefits $642,168
Fundraising Expenses $33,910
Program Expenses $838,361
Other Expenses $317,382
TOTAL EXPENSES $959,550

Year-over-Year Comparison

2024 2023 Change
Revenue $990,966 $570,654 +0.7%
Expenses $959,550 $874,009 +0.1%
Net Income $31,416 $-303,355 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
28
Volunteers
40

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$145,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Caitlin Mance Executive Dir. 40.00
Officer
$145,000 $0 $145,000
Catherine Reddick Director 0.00
Officer Director
$0 $0 $0
Milton S Schneider Director 0.00
Officer Director
$0 $0 $0
Lauren Anderson Board Member 0.00
Director
$0 $0 $0
John P Hogan Sr Director 0.00
Director
$0 $0 $0
Robert Baldry Director 0.00
Director
$0 $0 $0
James Lynch Director 0.00
Director
$0 $0 $0
Marcello Godinho Board Member 0.00
Director
$0 $0 $0
Chris Savage Director 0.00
Director
$0 $0 $0
Theresa Spencer Director 0.00
Director
$0 $0 $0
Leona Thomas Director 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $990,966 $959,550 $1,116,884 $31,416
2023 $570,654 $874,009 $1,244,583 $-303,355
2022 $972,690 $732,437 $1,487,481 $240,253
2021 $742,956 $583,941 $668,483 $159,015
2020 $468,429 $506,059 $577,016 $-37,630
2019 $555,601 $504,200 $557,210 $51,401
2018 $701,397 $464,178 $503,255 $237,219
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