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Nonprofit · EIN 13-2554312

NATIONAL ROWING FOUNDATION INC

Tax-exempt · MELROSE, MA 02176

Financials

$1.2M$948K2023$1.2M$1.1M2024$2.5M$1.2M2025
Revenue Expenses · by fiscal year end
Financials of NATIONAL ROWING FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$2,471,669$1,183,869$1,287,800$10,450,296$54,358$10,395,938
December 31, 2024990$1,242,609$1,086,089$156,520$8,760,406$62,156$8,698,250
December 31, 2023990$1,241,003$948,401$292,602$7,989,283$2,210$7,987,073
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$1,665,198
Program service revenue
$0
Investment income
$833,496
Net gain from sales of assets
$682,587
Net income from fundraising events
-$27,025
Other revenue
-$27,025

Expenses

Grants and similar amounts paid
$1,053,000
Compensation of officers, directors and key employees
$15,000
Salaries, compensation and benefits (total)
$16,998
Professional fundraising fees
$0
Accounting fees
$18,500
Occupancy
$1,692
Program services (functional)
$1,058,348
Management and general (functional)
$125,521

Balance sheet and other

Total assets, start of year
$8,760,406
Total assets, end of year
$10,450,296
Total liabilities, end of year
$54,358
Net assets, end of year
$10,395,938
Publicly traded securities
$9,984,166
Net assets without donor restrictions
$4,551,652
Net assets with donor restrictions
$5,844,286
Gross receipts
$3,558,932
Employees
1
Year formed
1966
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
TOM MARTINTreasurer
Officer
5$15,000
RICHARD CASHINDirector
Trustee or director
1$0
PETER CIPOLLONEDirector
Trustee or director
1$0
JAMES KOVENCO-CHAIR
Trustee or director
1$0
MARCIA HOOPERCO-CHAIR
Trustee or director
1$0
AQUIL ABDULLAHDirector
Trustee or director
1$0
PAUL TETIDirector
Trustee or director
1$0
ROBERT MILAMDirector
Trustee or director
1$0
EDWARD PATTONDirector
Trustee or director
1$0
CYNTHIA RUSHERDirector
Trustee or director
1$0
MICHAEL MEEHANPresident
Officer
1$0
CARYN DAVIESSecretary
Officer
1$0
990 for the year ended December 31, 2024: 12 people
NameTitleHours / weekCompensation
TOM MARTINTreasurer
Officer
5$15,000
RICHARD CASHINDirector
Trustee or director
1$0
PETER CIPOLLONEDirector
Trustee or director
1$0
JAMES KOVENCO-CHAIR
Trustee or director
1$0
MARCIA HOOPERCO-CHAIR
Trustee or director
1$0
AQUIL ABDULLAHDirector
Trustee or director
1$0
JO HANNAFINDirector
Trustee or director
1$0
ROBERT MILAMDirector
Trustee or director
1$0
EDWARD PATTONDirector
Trustee or director
1$0
CYNTHIA RUSHERDirector
Trustee or director
1$0
MICHAEL MEEHANPresident
Officer
1$0
CARYN DAVIESSecretary
Officer
1$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
TOM MARTINTreasurer
Officer
5$15,000
MICHAEL MEEHANPresident
Trustee or director, Officer
1$0
JAMES KOVENCO-CHAIR
Trustee or director
1$0
MARCIA HOOPERCO-CHAIR
Trustee or director
1$0
ADDITIONAL DIRECTORS ATTACHEDDirector
Trustee or director
1$0
CARYN DAVIESSecretary
Officer
1$0

Address and contacts

Address (IRS master file)
32 SHERWOOD RD, MELROSE, MA 02176-2927
In care of
% TOM MARTIN
Principal officer (990 for 2025)
TOM MARTIN, 32 SHERWOOD RD, MELROSE, MA 02176
Signed the 990
TOM MARTIN, Treasurer
Phone
(781) 733-0323
Return prepared by
QRGA LLP

Mission

THE NATIONAL ROWING FOUNDATION'S PRIMARY MISSION IS TO SUPPORT ATHLETES IN PURSUIT OF EXCELLENCE IN THE SPORT OF ROWING WITH THE GOAL OF PROMOTING USA ATHLETES' PARTICIPATION IN WORLD AND OLYMPIC INTERNATIONAL COMPETITION.

990 for the year ended December 31, 2025

Program accomplishments

  • SUPPORT ATHLETES WHO ARE PURSUING EXCELLENCE IN THE SPORT OF ROWING, WITH THE PRIMARY GOAL OF PROMOTING UNITED STATES' GOLD MEDALS IN INTERNATIONAL COMPETITIONS LEADING UP TO AND INCLUDING THE OLYMPIC GAMES AND PARALYMPICS.
    Expenses $1,058,348 · grants $1,053,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
13-2554312
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1966
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$10,450,296
Income (IRS master file)
$3,558,932

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$2,471,669$1,183,869$10,450,296XML
990December 2024$1,242,609$1,086,089$8,760,406IRS
990December 2023$1,241,003$948,401$7,989,283XML
990December 2022$933,391$739,313$7,236,533IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-2554312).

Questions about NATIONAL ROWING FOUNDATION INC

What is the EIN of NATIONAL ROWING FOUNDATION INC?
The employer identification number (EIN) of NATIONAL ROWING FOUNDATION INC is 13-2554312.
Is NATIONAL ROWING FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
Are donations to NATIONAL ROWING FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NATIONAL ROWING FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NATIONAL ROWING FOUNDATION INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NATIONAL ROWING FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of NATIONAL ROWING FOUNDATION INC?
The 990 for the year ended December 31, 2025 names TOM MARTIN.
Who are the officers and directors of NATIONAL ROWING FOUNDATION INC?
The 990 for the year ended December 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $15,000 (TOM MARTIN, Treasurer).
How much revenue does NATIONAL ROWING FOUNDATION INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $2,471,669, expenses of $1,183,869 and total assets of $10,450,296 at year end.

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