Carnegie Lake Rowing Association
Carnegie Lake Rowing Association: Small Scale, Consistent Operations
EIN: 222694825 · Princeton, NJ · NTEE: N670 · Updated: 2026-04-04
Is Carnegie Lake Rowing Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carnegie Lake Rowing Association directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Carnegie Lake Rowing Association
Carnegie Lake Rowing Association (EIN: 222694825) is a nonprofit organization based in Princeton, NJ, classified under NTEE code N670. The organization reported total revenue of $170K and total assets of $85K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carnegie Lake Rowing Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carnegie Lake Rowing Association with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Carnegie Lake Rowing Association allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not detailed in the available 990-EZ filings, suggesting it falls below the reporting thresholds for such forms.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Carnegie Lake Rowing Association's IRS 990 filings:
- Expenses ($164,061 in 2022) have exceeded revenue ($159,062 in 2022) in recent years, leading to a slight deficit.
- The organization's assets have shown a declining trend from $132,722 in 2016 to $85,438 in 2023.
Strengths
The following positive indicators were identified for Carnegie Lake Rowing Association:
- Consistent revenue generation over multiple years, indicating stable community support.
- Maintains a positive net asset position despite recent deficits.
- Focus on a specific athletic activity (rowing) suggests a clear mission and community engagement.
Frequently Asked Questions about Carnegie Lake Rowing Association
Is Carnegie Lake Rowing Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Carnegie Lake Rowing Association (EIN: 222694825) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Carnegie Lake Rowing Association spend its money?
Carnegie Lake Rowing Association directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carnegie Lake Rowing Association tax-deductible?
Carnegie Lake Rowing Association is registered as a tax-exempt nonprofit (EIN: 222694825). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Carnegie Lake Rowing Association do?
Carnegie Lake Rowing Association is a nonprofit organization in the Recreation & Sports sector, located in Princeton, New Jersey. It is classified under NTEE code N670.
How much revenue does Carnegie Lake Rowing Association have?
Carnegie Lake Rowing Association reported total revenue of $169,989. Based on 13 IRS 990 filings on record.
What are Carnegie Lake Rowing Association's total assets?
Carnegie Lake Rowing Association holds total assets of $85,438 as reported in IRS 990 filings.
Where is Carnegie Lake Rowing Association located?
Carnegie Lake Rowing Association is based in Princeton, New Jersey.
What is Carnegie Lake Rowing Association's EIN?
Carnegie Lake Rowing Association's Employer Identification Number (EIN) is 222694825. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Carnegie Lake Rowing Association?
Carnegie Lake Rowing Association is classified under NTEE code N670 (Recreation & Sports).
Is Carnegie Lake Rowing Association a registered 501(c)(3)?
Yes, Carnegie Lake Rowing Association is recognized as a tax-exempt organization by the IRS. EIN: 222694825.
Does Carnegie Lake Rowing Association file IRS Form 990?
Yes, Carnegie Lake Rowing Association has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Carnegie Lake Rowing Association's revenue in 2023?
In the 202312 filing period, Carnegie Lake Rowing Association reported total revenue of $-5,500, total expenses of $6,848, and net assets of $5,121.
Is Carnegie Lake Rowing Association's revenue growing or declining?
Carnegie Lake Rowing Association's revenue is declining. Revenue went from $159,062 (202212) to $-5,500 (202312), a -103.5% change. Based on 13 filings on record.
What is Carnegie Lake Rowing Association's most recent 990 filing?
The most recent IRS Form 990 filing for Carnegie Lake Rowing Association covers tax period 202312. It shows revenue of $-5,500, expenses of $6,848, total assets of $5,121, and liabilities of N/A.
How much does Carnegie Lake Rowing Association spend on programs vs administration?
Based on IRS 990 analysis, Carnegie Lake Rowing Association allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Carnegie Lake Rowing Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Carnegie Lake Rowing Association appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Carnegie Lake Rowing Association?
The following concerns were identified: Expenses ($164,061 in 2022) have exceeded revenue ($159,062 in 2022) in recent years, leading to a slight deficit.. The organization's assets have shown a declining trend from $132,722 in 2016 to $85,438 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Carnegie Lake Rowing Association's strengths?
Positive indicators for Carnegie Lake Rowing Association include: Consistent revenue generation over multiple years, indicating stable community support.. Maintains a positive net asset position despite recent deficits.. Focus on a specific athletic activity (rowing) suggests a clear mission and community engagement.. These findings are derived from AI analysis of the organization's financial filings.
How does Carnegie Lake Rowing Association compensate executives?
Executive compensation is not detailed in the available 990-EZ filings, suggesting it falls below the reporting thresholds for such forms. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent operational deficits, how does the organization plan to ensure long-term financial sustainability?
While the organization has experienced minor deficits, its asset base remains substantial enough to absorb these. Future strategies might include targeted fundraising or modest program fee adjustments to balance the budget.
What is the primary source of revenue for the Carnegie Lake Rowing Association, and how diversified is it?
Based on the 990-EZ forms, the primary revenue source appears to be program service revenue and contributions. The filings do not provide a detailed breakdown, but for an organization of this size, it's likely reliant on membership fees, event participation, and local donations.
Filing History
IRS 990 filing history for Carnegie Lake Rowing Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carnegie Lake Rowing Association's revenue has declined by 104.5%, moving from $123K to $-5,500. Total assets decreased by 94.3% over the same period, from $90K to $5K. Total functional expenses fell by 93.8%, from $110K to $7K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $-5,500 | $7K | $5K | $0 | — | View 990 |
| 2022 | $159K | $164K | $91K | $1K | — | View 990 |
| 2021 | $104K | $102K | $100K | $4K | — | View 990 |
| 2020 | $40K | $62K | $109K | $0 | — | View 990 |
| 2019 | $154K | $154K | $131K | $0 | — | View 990 |
| 2018 | $140K | $138K | $131K | $0 | — | View 990 |
| 2017 | $141K | $138K | $132K | $3K | — | View 990 |
| 2016 | $146K | $139K | $133K | $9K | — | View 990 |
| 2015 | $128K | $125K | $117K | $0 | — | View 990 |
| 2014 | $119K | $117K | $114K | $0 | — | View 990 |
| 2013 | $120K | $108K | $113K | $0 | — | View 990 |
| 2012 | $121K | $109K | $101K | $0 | — | View 990 |
| 2011 | $123K | $110K | $90K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-5,500, expenses of $7K, and assets of $5K (revenue -103.5% year-over-year).
- 2022: Revenue of $159K, expenses of $164K, and assets of $91K (revenue +52.9% year-over-year).
- 2021: Revenue of $104K, expenses of $102K, and assets of $100K (revenue +160.3% year-over-year).
- 2020: Revenue of $40K, expenses of $62K, and assets of $109K (revenue -74.1% year-over-year).
- 2019: Revenue of $154K, expenses of $154K, and assets of $131K (revenue +10.0% year-over-year).
- 2018: Revenue of $140K, expenses of $138K, and assets of $131K (revenue -0.8% year-over-year).
- 2017: Revenue of $141K, expenses of $138K, and assets of $132K (revenue -2.9% year-over-year).
- 2016: Revenue of $146K, expenses of $139K, and assets of $133K (revenue +14.0% year-over-year).
- 2015: Revenue of $128K, expenses of $125K, and assets of $117K (revenue +7.7% year-over-year).
- 2014: Revenue of $119K, expenses of $117K, and assets of $114K (revenue -0.7% year-over-year).
- 2013: Revenue of $120K, expenses of $108K, and assets of $113K (revenue -0.9% year-over-year).
- 2012: Revenue of $121K, expenses of $109K, and assets of $101K (revenue -1.8% year-over-year).
- 2011: Revenue of $123K, expenses of $110K, and assets of $90K.
Data Sources and Methodology
This transparency report for Carnegie Lake Rowing Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.