Nonprofit · EIN 53-0127820
POTOMAC BOAT CLUB
Tax-exempt · WASHINGTON, DC 20007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $891,764 | $856,725 | $35,039 | $1,024,227 | $67,814 | $956,413 |
| December 31, 2023 | 990 | $800,526 | $580,830 | $219,696 | $929,268 | $12,421 | $916,847 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $70,012
- Program service revenue
- $769,071
- Investment income
- $11,803
- Net income from sales of inventory
- $39,285
- Other revenue
- $40,878
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $23,840
- Depreciation
- $46,841
Balance sheet and other
- Total assets, start of year
- $929,268
- Total assets, end of year
- $1,024,227
- Total liabilities, end of year
- $67,814
- Net assets, end of year
- $956,413
- Land, buildings and equipment
- $553,600
- Net assets without donor restrictions
- $956,413
- Gross unrelated business income
- $40,773
- Gross receipts
- $896,820
- Employees
- 0
- Volunteers
- 150
- Year formed
- 1869
- State of legal domicile
- DC
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE TITUS | TREASURER Trustee or director, Officer | 5 | $3,000 |
| LENA WANG | PRESIDENT Trustee or director, Officer | 3 | $0 |
| MICHAEL KUMMER | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| ALLISON TREUBERT | SECRETARY Trustee or director, Officer | 3 | $0 |
| JOSE CARRASCO | GOVERNOR Trustee or director | 1 | $0 |
| ED GHERES | GOVERNOR Trustee or director | 1 | $0 |
| GHADA HALLAL | GOVERNOR Trustee or director | 1 | $0 |
| STUART KERR | GOVERNOR Trustee or director | 1 | $0 |
| NICK WOODFIELD | GOVERNOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LENA WANG | PRESIDENT Trustee or director, Officer | 3 | $0 |
| MICHAEL KUMMER | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| ALLISON TREUBERT | SECRETARY Trustee or director, Officer | 3 | $0 |
| STEVE TITUS | TREASURER Trustee or director, Officer | 5 | $0 |
| JOSE CARRASCO | GOVERNOR Trustee or director | 1 | $0 |
| CAROL DINION | GOVERNOR - UNTIL 04/2023 Trustee or director | 1 | $0 |
| GHADA HALLAL | GOVERNOR Trustee or director | 1 | $0 |
| STUART KERR | GOVERNOR Trustee or director | 1 | $0 |
| DANA PERONNE | GOVERNOR - UNTIL 04/2023 Trustee or director | 1 | $0 |
| PAMELA ROBERTS | GOVERNOR - UNTIL 04/2023 Trustee or director | 1 | $0 |
| MAURICE SCOTT | GOVERNOR Trustee or director | 1 | $0 |
| NICK WOODFIELD | GOVERNOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3530 WATER ST NW, WASHINGTON, DC 20007-3549
- Principal officer (990 for 2024)
- LENA WANG, 3530 WATER ST NW, WASHINGTON, DC 20007
- Signed the 990
- STEPHEN TITUS, TREASURER
- Phone
- (202) 333-9737
- Website
- WWW.POTOMACBOATCLUB.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
THE MUTUAL IMPROVEMENT OF ITS MEMBERS AND THE MAINTENANCE AND ENCOURAGEMENT OF THE ART OF WATER SPORTS AMONG AMATEURS
Program accomplishments
- THE CLUB HAS 320 MEMBERS AND SUPPORTS THE ENGAGEMENT OF ATHLETES WITH THE SPORT, COMMUNITY, AND RIVER, AT MANY DIFFERENT LEVELS. WE RUN A U.S. ROWING-DESIGNED SUMMER TRAINING CAMP EACH YEAR FOR JUNIOR AND PRE-ELITE ATHLETES, HOST A HIGH-PERFORMANCE SCULLING PROGRAM TO PREPARE PROMISING ATHLETES FOR THE US NATIONAL TEAM, AND ALSO HOUSE A PUBLIC HIGH SCHOOL ROWING PROGRAM - A RELATIONSHIP THAT HAS EXISTED FOR MANY DECADES. IN 2023, POTOMAC BOAT CLUB HOSTED A REGIONAL MEETING OF THE BOARD OF USROWING, THE NATIONAL GOVERNING BODY FOR THE SPORT OF ROWING IN THE UNITED STATES.
- THE CLUB ALSO PROVIDES AN OUTLET FOR MEMBERS TO ENGAGE WITH COMMUNITY ORGANIZATIONS RELATED TO AREA PARKS AND RIVER USAGE, SUCH AS THE FRIENDS OF GEORGETOWN WATERFRONT PARK, FRIENDS OF ROCK CREEK PARK, THE NEXT-DOOR KEY BRIDGE BOATHOUSE, THE THOMPSON BOAT CENTER, THE KENNEDY CENTER EXPANSION PROJECT, AND THE POTOMAC RIVERKEEPER NETWORK; AND ORGANIZES RIVERSIDE CLEANUPS WITH THE POTOMAC CONSERVANCY AND THE NATIONAL PARK SERVICE. PBC RECEIVED A GRANT FROM THE CHESAPEAKE BAY TRUST WHICH WAS USED TO INSTALL A 500 GALLON CISTERN TO CAPTURE RAINWATER. THIS WATER IS NOW USED TO WASH OUR BOATS, RATHER THAN DIRECLTY USING WATER PROVIDED BY DC WATER. FINALLY, THE CLUB AND ITS MEMBERS STRIVE TO MAINTAIN THE HISTORY AND HISTORIC PRESENCE AND ARCHITECTURE OF THE CLUB ITSELF, AND THE ENVIRONMENTAL QUALITY OF THE POTOMAC RIVER.
- EACH FALL, WEATHER PERMITTING, THE CLUB HOSTS THE SCULLERS' HEAD OF THE POTOMAC REGATTA, WHICH INCLUDES ENTRIES FROM HIGH SCHOOLS, COLLEGES, AND CLUBS THROUGHOUT THE MID-ATLANTIC REGION. THE REGATTA ALSO INCLUDES HANDICAPPED/ADAPTIVE RACES TO BENEFIT THOSE ATHLETES. 24% OF THE REVENUE GENERATED FROM THIS REGATTA CAME FROM PBC MEMBERSHIP IN 2024.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 53-0127820
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $1,024,227
- Income (IRS master file)
- $896,820
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $891,764 | $856,725 | $1,024,227 | IRS |
| 990 | December 2023 | $800,526 | $580,830 | $929,268 | XML |
| 990 | December 2022 | $561,397 | $556,248 | $702,926 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 53-0127820).
Questions about POTOMAC BOAT CLUB
- What is the EIN of POTOMAC BOAT CLUB?
- The employer identification number (EIN) of POTOMAC BOAT CLUB is 53-0127820.
- Is POTOMAC BOAT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2007.
- Are donations to POTOMAC BOAT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does POTOMAC BOAT CLUB 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 POTOMAC BOAT CLUB due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did POTOMAC BOAT CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of POTOMAC BOAT CLUB?
- The 990 for the year ended December 31, 2024 names LENA WANG.
- Who are the officers and directors of POTOMAC BOAT CLUB?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $3,000 (STEVE TITUS, TREASURER).
- How much revenue does POTOMAC BOAT CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $891,764, expenses of $856,725 and total assets of $1,024,227 at year end.
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All nonprofits in WASHINGTON · District of Columbia · Recreation and sports