2017-05-01T10:52:50-05:00 2016-12-31 210650289 KLATZKIN & COMPANY LLP 1670 WHITEHORSE HAM SQ RD HAMILTON NJ 086903513 990 2016-01-01 236275472 UNITED STATES ROWING ASSOCIATION UNIT 6097510702 2 WALL STREET PRINCETON NJ 08540 BRIAN KLAUSNER CHIEF FINANCIAL OFFICER 6097510702 2017-05-01 1 BRUCE S LUDLOW CPA P00153647 6098909189 75.99.151.218 2017-05-01 11:52:42 ED P 986518F8147AF0C6AB7C10F8E1CEBB9E6C8E4E5F 529E3C882BB4A6F5912CA16D3B560A4EEDBC9A23 2016 2021-01-29 14:40:06Z GLENN MERRY 2 WALL STREET PRINCETON NJ 08540 10828464 0 X WWW.USROWING.ORG X 1970 NJ The Association supports and promotes the sport of rowing. 13 13 51 2800 45040 0 4639280 5130011 4492803 5058279 9515 4192 230233 201212 9371831 10393694 0 0 0 0 2951111 3272883 38366 27500 527329 6268401 7176433 9257878 10476816 113953 -83122 1574876 1467873 1154910 1119447 419966 348426 X See Schedule O 0 0 434939 To promote the development for the sport of rowing throughout the world and to provide support for programmatic activities during the year. 4960201 905883 To provide financing, equipment and resources for the National Rowing Team to allow them to train and compete. 4408421 4155124 To organize and hold regattas, conferences, and other events related to the promotion of the sport of rowing. 9803561 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 149 0 51 1 1 1 0 0 0 0 1 1 0 0 0 0 X 13 13 0 0 1 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 CA CT FL GA IL IN MD MA NJ NY NC OK OR PA TN VA MI MN NH WI X X BRIAN KLAUSNER 6097510702 2 WALL STREET PRINCETON NJ 08540 ERIN O'CONNELL PRESIDENT, WOMEN'S VICE CH 10.00 X X 0 0 0 JIM DIETZ MEN'S VICE CHAIR 10.00 X X 0 0 0 KRIS THORSNESS SECRETARY 10.00 X X 0 0 0 GARY CALDWELL TREASURER 10.00 X X 0 0 0 JAMIE REDMAN DIRECTOR 10.00 X 0 0 0 DAVID BANKS DIRECTOR 10.00 X 0 0 0 SCOTT GAULT DIRECTOR 10.00 X 0 0 0 E SOHIER HALL DIRECTOR 10.00 X 0 0 0 DANIEL HERBERT DIRECTOR 10.00 X 0 0 0 SHEILA TOLLE DIRECTOR 10.00 X 0 0 0 JOSEPH MANION DIRECTOR 10.00 X 0 0 0 MEGHAN O'LEARY DIRECTOR 10.00 X 0 0 0 BILL DONOHO DIRECTOR 10.00 X 0 0 0 GLENN MERRY CHIEF EXECUTIVE OFFICER 40.00 X 176476 0 7452 BRIAN KLAUSNER CFO 40.00 X 112419 0 10812 THOMAS TERHAAR COACH 40.00 X 216734 0 22373 LUCAS MCGEE COACH 40.00 X 171798 0 18324 BRYAN VOLPENHEIN COACH 40.00 X 171798 0 14913 BETH KOHL CHIEF MARKETING OFFICER 40.00 X 124864 0 13678 MARK NOWAK DIRECTOR OF ATHLETE HEALTH 40.00 X 135439 0 9360 1109528 0 96912 8 0 1 0 0 258756 4871255 499439 5130011 MEMBERSHIP DUES 713990 2586643 2586643 REGATTAS/CONFERENCES 713990 1564981 1564981 NATL & JR NATL TEAM 713990 898690 898690 ADVERTISING/SPONSORS 541800 7965 3500 4465 5058279 6882 6882 135156 135156 223924 226614 -2690 -2690 -2690 169914 258756 169914 0 45435 38242 7193 7193 SPONSORSHIPS 900099 40575 40575 MISCELLANEOUS 900099 18288 18288 58863 10393694 5061007 45040 157636 307159 177472 110062 19625 2470911 2325743 9208 135960 2325 1946 86 293 283049 267708 227 15114 209439 190474 8630 10335 69397 44326 1463 23608 30085 27467 1023 1595 27500 27500 292106 141474 1674 148958 146709 145882 323 504 1048374 1028399 3635 16340 269468 262137 2865 4466 1947449 1934099 1742 11608 316211 316211 140618 130314 4027 6277 549719 549144 225 350 EVENT EXPENSE 1307193 1258045 49148 IN KIND EXPENSES 479193 479193 STIPENDS 338092 283592 54500 MASTERS & JUNIORS EXPEN 193550 193550 48269 46385 736 1148 10476816 9803561 145926 527329 10277 3779 453369 439134 98230 81506 9033 11340 318224 262470 966481 689547 302837 276934 382906 392710 1574876 1467873 463511 332997 651430 761119 39969 25331 1154910 1119447 X 37060 -44284 132495 142299 250411 250411 419966 348426 1574876 1467873 -83122 11582 0 X X 0 1 X 1 0 X 3548909 3145463 3265870 4639280 5130011 19729533 3548909 3145463 3265870 4639280 5130011 19729533 483127 19246406 9733 8184 137722 155921 142038 453598 40867 61489 58863 161219 20344350 21194638 0.94600 0.96080 X Schedule A, Part II, Line 10, Explanation of Other Income: MISCELLANEOUS - 2014 Amount: $ 40,867. 2015 Amount: $ 61,489. 2016 Amount: $ 58,863. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 382906 14262 4458 392710 393571 -7676 2989 382906 398041 6287 10757 393571 365351 32690 398041 328177 3000 34174 365351 0.63800 0.36200 0 0 966481 689547 276934 276934 X Part V, Line 4: The Association's endowment consists of several individual funds established for the purpose of the US Women's open weight and lightweight programs as a result of donor contributions. Part X, Line 2: The Organization's federal exempt and unrelated business income returns are subject to examination by the IRS, generally for three years after they were filed. The statute of limitations does not apply to unfiled returns. The Organization believes that all required tax returns have been filed. In the event it would be required, the Organization would recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. The Organization has not recognized any amounts for interest and penalties accrued at December 31, 2016 and 2015. X X X 1 JENNIFER W KIERSTEAD CONSULTING 179 MAIN STREETSUITE 204 WATERVILLE ME 04901 WRITING GRANT APPLICATIONS 0 281906 27500 254406 281906 27500 254406 CA CT FL GA IL IN MD MA NJ NY NC OH OK OR PA TN VA WA CO MI MN NH WI GOLDEN OARS GALA 277729 161250 116479 3127 61316 52035 GOLF OUTING 150941 97506 53435 24688 28748 428670 258756 169914 3127 86004 80783 169914 0 X 1 1 X X 0 0 0 1 0 0 0 0 0 GLENN MERRY CHIEF EXECUTIVE OFFICER 176476 0 0 0 0 0 0 0 7452 0 183928 0 0 0 THOMAS TERHAAR COACH 216734 0 0 0 0 0 0 0 22373 0 239107 0 0 0 LUCAS MCGEE COACH 171798 0 0 0 0 0 0 0 18324 0 190122 0 0 0 BRYAN VOLPENHEIN COACH 171798 0 0 0 0 0 0 0 14913 0 186711 0 0 0 Part I, Line 1a The US Rowing Association's coachs' contracts permit them to bring spouses to the rowing events. In 2016, Coach Thomas Terharr brought his wife to an event. This benefit was properly recorded in his W-2 wages. Part I, Line 5 As part of her compensation package the Organization's Chief Marketing Officer receives commissions at a rate of 12.5% of the sponsorship revenue that she generates. X 399292 FAIR MARKET VALUE X AIRLINE TICKETS 1 78060 FAIR MARKET VALUE X AUCTION ITEMS 31 22087 FAIR MARKET VALUE 0 0 0 Part I, Column (b): The number of contributions of airline tickets is recorded as the number of contributions, not the number of items contributed. All airline tickets contributed came from the same donor. The number of contributions for the auction items is reported at the number of items donated for auction. Form 990, Part III, Line 1 To provide ongoing opportunities to achieve excellence in rowing in the United States. In pursuit of this mission, US Rowing seeks to increase awareness of rowing, grow lifetime participation in rowing, provide education on rowing safety, healthy training methods, and effective rowing techniques, provide standards for all rowers of safe, fair racing, and continually improve performance at the Olympic games. Form 990, Part VI, Section A, line 4 Changes to the bylaws were adopted on November 9, 2016 with a December 1, 2016 effective date. The Chief Executive Officers duties were updated to include the general authority over the definition, composition, and procedures of the advisory committees of US Rowing. Form 990, Part VI, Section A, line 6 The Association has four classes of membership: Individual Members, Organizational Members, National Association Members and Athlete Members. The Individual, Organizational, and Athlete Members participate in the election of board members. None of the members receive a share of the Association's profits or excess dues or a share of the Association's net assets upon dissolution. Form 990, Part VI, Section A, line 7a The Association has four classes of membership: Individual Members, Organizational Members, National Association Members and Athlete Members. Individual Members are eligible to vote soley to elect the Male Vice Chair and Female Vice Chair of the Association. Organizational Members are eligible to vote to elect Regional Directors and to amend the bylaws. National Association Members do not have voting rights. Athlete Members have the right to elect the Board Athlete Representatives and the Athlete Advisory Council Representative. They may also vote on amendments to the bylaws. Form 990, Part VI, Section A, line 7b The Organizational and Athlete Members have the right to alter, amend, or suspend portions of the bylaws by a vote of two-thirds of votes cast at a Special Meeting of Members. Form 990, Part VI, Section A, line 8b The organization has no committee with the power to act on behalf of the board therefore there is no documentation of any such meetings. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the Association's Chief Financial Officer, Chief Executive Officer, and the Finance and Audit Committee, and is then presented to the board of directors prior to filing. Form 990, Part VI, Section B, line 12c Members must annually disclose any involvements with other organizations, with vendors, or any other associations that might produce a conflict or be perceived as producing a conflict. Form 990, Part VI, Section B, line 15 The Chief Executive Officer's salary is reviewed and determined by the board of directors. The Chief Financial Officer's salary is included in the Association's annual budget which is approved by the board of directors. When the CEO and the CFO were hired the board used the Robert Half Salary guide for data concerning comparable compensation. Form 990, Part VI, Section C, line 19 The Association makes governing documents, the conflict of interest policy, and financial statements available to the public on their website. Form 990, Part XII, line 2c The finance and audit committee select an accounting firm to perform the audit of the financial statements. Their selection is then approved by the board of directors. The audit is overseen by the Chief Executive Officer and the Controller. The ending financial statements are reviewed by the finance and audit committee before being presented to the board of directors. CASITAS FUND 2 WALL STREET PRINCETON NJ 08540 311148247 TO ACT FOR THE EXCLUSIVE BENEFIT OF THE US ROWING ASSOCIATION IN 501(c)(3) Line 12a, I UNITED STATES ROWING ASSOCIATION 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CASITAS FUND INC C 67711 CASH