2024-08-09T10:24:53-05:00 2023-12-31 232896692 BBD LLP 1835 MARKET STREET SUITE 300 PHILADELPHIA PA 19103 990 2023-01-01 232565133 PENN ATHLETIC CLUB ROWING ASSOCIATION PENN 2156887686 12 BOATHOUSE ROW KELLY DRIVE PHILADELPHIA PA 19130 CHARLES ANDERSON TREASURER 2156887686 2024-08-09 1 0 MELISSA DUNN P01278330 2155677770 2024-08-09 2023 2024-08-08 14:25:15Z CHRIS REICH 12 BOATHOUSE ROW KELLY DRIVE PHILADELPHIA PA 19130 930319 0 X PENNAC.ORG X 1871 PA EDUCATION AND PROMOTION OF ROWING. 10 10 15 15 0 0 152014 205920 608335 691777 9528 26326 0 0 769877 924023 0 0 0 0 167871 190901 0 0 0 579847 607023 747718 797924 22159 126099 432262 563735 124900 127639 307362 436096 TO STIMULATE AND FOSTER INTEREST IN THE SPORT OF ROWING AMONG AMATEURS AS INDIVIDUALS AND CLUBS. TO EDUCATE ALL PERSONS IN THE SPORT OF ROWING AND TO PROMOTE INTEREST THROUGH COMPETITION AND REGATTAS. 0 0 714321 691777 TO STIMULATE AND FOSTER INTEREST IN THE SPORT OF ROWING AMONG AMATEURS AS INDIVIDUALS AND CLUBS. TO EDUCATE ALL PERSONS IN THE SPORT OF ROWING AND TO PROMOTE INTEREST THROUGH COMPETITION AND REGATTAS. 714321 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 0 0 0 1 0 0 0 0 0 0 PA X THE ORGANIZATION 2156887686 12 BOATHOUSE ROW KELLY DRIVE PHILADELPHIA PA 19130 X CHRISTOPHER REICH PRESIDENT 11.00 X X 0 0 0 SHANNON KAPLAN VICE PRESIDENT 9.00 X X 0 0 0 GREG ANSOLABEHERE SECRETARY 5.00 X X 0 0 0 CHARLES ANDERSON TREASURER 5.00 X X 0 0 0 CHRISTINA COSTELLO ASSISTANT SECRETARY 8.00 X X 0 0 0 CURT BROWDER CHAIR, BOARD OF STEWARDS 5.00 X 0 0 0 NANCY LOTZ BOARD 5.00 X 0 0 0 DAVID JUDAH BOARD 3.00 X 0 0 0 GERALD SWEENEY BOARD 3.00 X 0 0 0 JUSTIN KEEN BOARD 3.00 X 0 0 0 0 0 0 0 0 0 0 0 205920 205920 SUMMER CAMPS 900099 536168 536168 OTHER PROGRAMS 900099 84726 84726 MEMBERSHIP DUES 900099 50360 50360 LEARN TO ROW 900099 20523 20523 691777 3572 3572 29050 6296 22754 22754 22754 924023 691777 0 26326 155500 155500 35401 35401 46027 15344 30683 2575 1393 1182 6958 6958 48557 46931 1626 35283 35142 141 48513 47605 908 LODGING & MEALS 231268 229410 1858 EQUIP AND MAINTENANCE 74040 44863 29177 MISCELLANEOUS EXPENSE 50106 40815 9291 REGATTA FEES 44591 44546 45 19105 17371 1734 797924 714321 83603 0 163977 232412 5765 68 566006 240516 268285 325490 432262 563735 2739 124900 124900 124900 127639 X 231651 343592 75711 92504 307362 436096 432262 563735 126099 2635 0 X X 1 X 0 1 0 X 129305 82612 141595 152014 205920 711446 489865 76816 530628 608335 691777 2397421 619170 159428 672223 760349 897697 3108867 0 0 0 3108867 772 187 392 928 3572 5851 772 187 392 928 3572 5851 619942 159615 672615 761277 901269 3114718 0.99810 0.99890 0.00190 0.00110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 146874 23894 122980 419132 216622 202510 325490 X PART X, LINE 2: ACCOUNTING PRINCIPLES REQUIRE ENTITIES TO EVALUATE, MEASURE, RECOGNIZE AND DISCLOSE ANY UNCERTAIN INCOME TAX POSITIONS TAKEN ON THEIR TAX RETURNS. ACCOUNTING PRINCIPLES PRESCRIBE A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ASSOCIATION BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS SEVEN CLASSES OF MEMBERS: FULL MEMBERS, SENIOR, INTERMEDIATE, JUNIOR, JUNIOR SCHOOL, STAFF AND HONORARY LIFE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A FULL MEMBERS HAVE EXCLUSIVE VOTING RIGHTS IN THE ELECTION OF BOARD OF STEWARDS AND ALL MATTERS REQUIRING THE VOTE OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 8B MULTIPLE COMMITTEES ARE NOT NEEDED IN MEETING THE NEEDS OF THE ORGANIZATION, SO THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B TAX RETURNS ARE PREPARED BASED ON THE ORGANIZATION'S RECORDS, FORWARDED TO THE ORGANIZATION FOR REVIEW TO ENSURE COMPLETENESS AND ACCURACY, AND THEN FILED WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO ANY PARTY UPON REQUEST. IT DOES NOT HAVE A CONFLICT OF INTEREST POLICY. PART XII: FINANCIAL STATEMENTS AND REPORTING EFFECTIVE JANUARY 1, 2023, THE ASSOCIATION ELECTED TO CHANGE ITS METHOD OF ACCOUNTING FROM THE MODIFIED CASH BASIS OF ACCOUNTING TO THE ACCRUAL BASIS OF ACCOUNTING. MANAGEMENT BELIEVES THAT U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ("GAAP") IS A SUPERIOR BASIS OF ACCOUNTING. AS A RESULT OF THIS CHANGE, THE ASSOCIATION'S NET ASSETS AT DECEMBER 31, 2022 INCREASED BY $2,635.