National Rowing Foundation Inc

National Rowing Foundation Inc. consistently maintains strong assets and zero reported officer compensation.

EIN: 132554312 · Melrose, MA · NTEE: N110 · Updated: 2026-03-28

$1.8MRevenue

$8.8MAssets

90/100Mission Score (Excellent)

N110

About National Rowing Foundation Inc

National Rowing Foundation Inc (EIN: 132554312) is a nonprofit organization based in Melrose, MA, classified under NTEE code N110. The organization reported total revenue of $1.8M and total assets of $8.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Rowing Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The National Rowing Foundation Inc. demonstrates consistent financial health with a strong asset base, reaching $8,760,406 in its latest filing. The organization has consistently maintained a positive net income, with revenues generally exceeding expenses across its filing history. For instance, in 2023, revenue was $1,241,003 against expenses of $948,401, indicating efficient management of resources. The organization's liabilities have remained relatively low compared to its assets, suggesting good financial stability. A notable aspect of its transparency and spending efficiency is the reported 0% officer compensation across all available filings, which indicates that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, potentially maximizing funds for programmatic activities. This practice, combined with a healthy asset-to-liability ratio, points to a well-managed and financially sound organization focused on its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates National Rowing Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, National Rowing Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The National Rowing Foundation Inc. reports 0% officer compensation across all available filings, indicating that its leadership is either uncompensated or compensated through non-officer channels, which is highly favorable for resource allocation to its mission.

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.

Strengths

The following positive indicators were identified for National Rowing Foundation Inc:

Consistent growth in assets, reaching $8,760,406.
Zero reported officer compensation across all filings, maximizing mission-related spending.
Revenues consistently exceed expenses, indicating financial sustainability.
Low liabilities relative to assets, demonstrating strong financial stability.
Strong program spending ratio, estimated at 85%.

Frequently Asked Questions about National Rowing Foundation Inc

Is National Rowing Foundation Inc. a good charity?

Based on its financial data, the National Rowing Foundation Inc. appears to be a good charity. It consistently maintains a strong asset base, manages expenses effectively, and reports 0% officer compensation, suggesting a high dedication of resources to its mission.

How has the organization's financial health changed over time?

The organization has shown consistent financial health, with assets growing from $5,879,084 in 2014 to $8,760,406 currently. Revenues have fluctuated but generally exceeded expenses, indicating sustainable operations.

What is the trend in the organization's liabilities?

Liabilities have generally remained low relative to assets, though there was a notable increase to $285,376 in 2021 before decreasing again to $2,210 in 2023, indicating good management of debt.

Filing History

IRS 990 filing history for National Rowing Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), National Rowing Foundation Inc's revenue has grown by 22.3%, moving from $1.0M to $1.2M. Total assets increased by 68.5% over the same period, from $4.7M to $8.0M. Total functional expenses fell by 25.3%, from $1.3M to $948K. In its most recent filing year (2023), National Rowing Foundation Inc reported a surplus of $293K, with revenue exceeding expenses. The organization holds $2K in liabilities against $8.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.2M	$948K	$8.0M	$2K	—	—
2022	$933K	$739K	$7.2M	$2K	—	View 990
2021	$2.2M	$2.0M	$8.8M	$285K	—	View 990
2020	$2.2M	$1.9M	$8.3M	$177K	—	View 990
2019	$1.9M	$1.8M	$7.2M	$111K	—	View 990
2018	$1.6M	$1.6M	$6.3M	$224K	—	View 990
2017	$1.8M	$1.5M	$7.0M	$187K	—	View 990
2016	$2.2M	$2.0M	$6.0M	$46K	—	View 990
2015	$2.3M	$2.0M	$5.9M	$55K	—	View 990
2014	$1.9M	$1.8M	$5.9M	$52K	—	View 990
2013	$1.8M	$1.6M	$5.9M	$151K	—	View 990
2012	$1.4M	$1.4M	$5.2M	$63K	—	View 990
2011	$1.0M	$1.3M	$4.7M	$19K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.2M, expenses of $948K, and assets of $8.0M (revenue +33.0% year-over-year).
2022: Revenue of $933K, expenses of $739K, and assets of $7.2M (revenue -58.1% year-over-year).
2021: Revenue of $2.2M, expenses of $2.0M, and assets of $8.8M (revenue +2.8% year-over-year).
2020: Revenue of $2.2M, expenses of $1.9M, and assets of $8.3M (revenue +14.8% year-over-year).
2019: Revenue of $1.9M, expenses of $1.8M, and assets of $7.2M (revenue +17.6% year-over-year).
2018: Revenue of $1.6M, expenses of $1.6M, and assets of $6.3M (revenue -13.0% year-over-year).
2017: Revenue of $1.8M, expenses of $1.5M, and assets of $7.0M (revenue -14.3% year-over-year).
2016: Revenue of $2.2M, expenses of $2.0M, and assets of $6.0M (revenue -5.6% year-over-year).
2015: Revenue of $2.3M, expenses of $2.0M, and assets of $5.9M (revenue +20.0% year-over-year).
2014: Revenue of $1.9M, expenses of $1.8M, and assets of $5.9M (revenue +4.6% year-over-year).
2013: Revenue of $1.8M, expenses of $1.6M, and assets of $5.9M (revenue +26.2% year-over-year).
2012: Revenue of $1.4M, expenses of $1.4M, and assets of $5.2M (revenue +41.7% year-over-year).
2011: Revenue of $1.0M, expenses of $1.3M, and assets of $4.7M.

Data Sources and Methodology

This transparency report for National Rowing Foundation Inc 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.