2025-03-31T14:02:23-05:00 2024-06-30 210650289 KLATZKIN & COMPANY LLP 1670 WHITEHORSE HAM SQ RD HAMILTON NJ 086903513 990 2023-07-01 223745915 PRINCETON NATIONAL ROWING ASSOCIATION PRIN 6097997100 1 SOUTH POST ROAD SUITE 1 PRINCETON JUNCTION NJ 08550 KRIS GRUDT EXECUTIVE DIRECTOR 6097997100 2025-03-31 1 0 THOMAS MARTIN P00123816 6098909189 2023 2025-03-06 01:10:19Z RONALD CHEN 1 SOUTH POST ROAD SUITE 1 PRINCETON JUNCTION NJ 08550 1904932 0 X WWW.ROWPNRA.ORG X 2000 NJ to provide a venue where athletes of all ages, talents and backgrounds have the opportunity to develop their rowing abilities to their highest potential.Core Implementation Principles1) Maintaining and constantly seeking to improve one of the nation's premier rowing venues.2) Providing a world class training facility for all PNRA constituents including Olympic and elite team members,local students and Masters rowers.3) Promoting opportunities for area youth to excel in the sport of rowing.4) Conducting top level regattas and events5) Supporting community development across greater Mercer County through targeted rowing programs. 8 7 44 600 -831 0 203552 160372 1538065 1713818 19221 5272 16373 12343 1777211 1891805 0 0 0 0 627068 629659 0 0 13429 984788 998514 1611856 1628173 165355 263632 4200421 4564626 92125 192698 4108296 4371928 X The mission of Princeton National Rowing Association is to provide a venue where athletes of all ages, talents and backgrounds have the opportunity to develop their rowing abilities to their highest potential.Core Implementation Principles1) Maintaining and constantly seeking to improve one of the nation's premier rowing venues.2) Providing a world class training facility for all PNRA constituents including Olympic and elite team members,local students and Masters rowers.3) Promoting opportunities for area youth to excel in the sport of rowing.4) Conducting top level regattas and events5) Supporting community development across greater Mercer County through targeted rowing programs. 0 0 1126957 1059674 The Princeton National Rowing Association (PNRA) operates the Mercer Junior Rowing Club which provides opportunities for 200 student athletes from over 30 area high schools to benefit from the structure, discipline and exercise of rowing. The Mercer Junior Rowing Club competes locally, nationally, and internationally. As part of its mission, PNRA works with local community groups and Trenton area schools to enable student athletes from the urban Trenton area to benefit from the sport of rowing. These outreach activities include dedicated programs for middle school students and integrating high school age students into the Mercer Junior Rowing Program. PNRA's outreach activities include integrating rowing as a part of the physical education curriculum in the schools, the Swim to Row Program, a STEM to Stern Program, Capital Area Indoor Rowing League and partnering with other community groups. 91642 142501 Princeton National Rowing Association operates summer camps out of the Caspersen Rowing Facility. The camps include learning to row day camps designed to introduce youth to the sport of rowing. 216131 373375 Princeton National Rowing Association hosts numerous rowing regattas throughout the year, drawing teams from around the country to compete. Competitions include local junior regattas,collegiate and national championship regattas and national team selection events. Mercer County Park and Mercer Lake with the infrastructure installed and maintained by Princeton National Rowing Association is recognized as one of the premiere rowing venues in the United States. The Princeton National Rowing Association also runs indoor rowing competitions. 9290 80578 As an official USRowing National Team training site, Princeton National Rowing Association provides a home for the selection and training of the United States Rowing Association's national team which represents the United States in international competition including the Olympics. The majority of the US Rowing National Team selection events occur on Mercer Lake and are hosted by the Princeton National Rowing Association. 53287 57690 Princeton National Rowing Association operates the Mercer Masters Rowing which provides rowing and sculling opportunities to adults ranging from learn to row to competitive rowing and an adult summer rowing league. PNRA also conducts adult rowing outreach activities for the greater Trenton area. 62577 138268 1497307 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 1 27 0 44 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NJ PA NY X PRINCETON NAT'L ROWING ASSOCIATION 6097997100 1 SOUTH POST ROAD PRINCETON NJ 08540 RONALD CHEN PRESIDENT 1.00 X X 0 0 0 JAMES MILLAR VICE PRESIDENT 1.00 X X 0 0 0 KRISTOPHER GRUDT EXECUTIVE DIRECTOR/SECRETA 40.00 X X 121500 0 11093 KEN WEINSTEIN BOARD MEMBER 1.00 X 0 0 0 DAVID LAWS TREASURER 1.00 X X 0 0 0 MICHAEL ZIMMER BOARD MEMBER 1.00 X 0 0 0 JANE GRIESINGER BOARD MEMBER 1.00 X 0 0 0 RICH DANDREA BOARD MEMBER 1.00 X 0 0 0 121500 0 11093 1 0 0 0 0 160372 3707 160372 PROGRAM FEES 900099 1083802 1083802 EVENT REVENUE 900099 373125 373125 BOATHOUSE OPERATIONS 900099 187148 187148 FACILITY FEES 900099 57725 57725 TRAILERING 900099 6210 6210 5808 5808 1713818 5476 5476 3571 6410 3707 6478 -136 -68 -204 -204 2111 2942 -831 -831 MISCELLANEOUS INCOME 900099 6605 6605 CREDIT CARD REWARDS 900099 5719 5719 EXPENSE REIMBURSEMENTS 900099 850 850 13174 1891805 1713818 -831 18446 134136 109836 20655 3645 433423 424428 1542 7453 14643 14643 47457 44610 1898 949 31679 31679 16634 16634 27438 19559 7879 17719 15061 1772 886 24303 20568 3302 433 7694 5386 2308 72330 64189 8141 231110 228855 2255 150536 141504 9032 34340 30906 3434 MJRC-COMPETITION & FEES 103431 103431 PROGRAM - OTHER EXPENSE 92700 92700 PARK FEES/PERMITS/LICEN 39386 39386 RENTALS 29529 28053 1476 119685 114192 5430 63 1628173 1497307 117437 13429 1249112 1027281 1084793 1498466 77268 57312 31600 84516 6435 7529 4462630 2576811 1746114 1885819 2464 2088 2635 1615 4200421 4564626 9854 121028 79636 70055 2635 1615 92125 192698 X 3129160 3383778 979136 988150 4108296 4371928 4200421 4564626 263632 0 X X 0 1 X 1 0 X 116033 249529 295947 203552 160372 1025433 741476 887037 1294988 1538065 1705608 6167174 857509 1136566 1590935 1741617 1865980 7192607 59864 5060 64924 0 59864 5060 64924 7127683 1124 514 519 1507 5476 9140 110 110 1124 624 519 1507 5476 9250 3511 13784 14822 16440 21384 69941 862144 1150974 1606276 1759564 1892840 7271798 0.98020 0.97760 0.00130 0.00130 X Schedule A, Part III, Line 12, Explanation of Other Income: MISCELLANEOUS INCOME - 2019 Amount: $ 3,511. 2020 Amount: $ 13,784. 2021 Amount: $ 14,822. 2022 Amount: $ 16,440. 2023 Amount: $ 21,384. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2507642 962159 1545483 1530269 1202982 327287 424719 411670 13049 1885819 Operating Lease Liabilities 1615 1615 X 1979549 84802 2942 87744 1891805 0 1891805 1715917 84802 2942 87744 1628173 0 1628173 Part X, Line 2: The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and applicable state law. Accordingly, no provision for income taxes has been reflected in the Organization's financial statements. The Organization's federal exempt and unrelated business income returns for 2021-2023 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. The Organization has determined that there are no material uncertain tax positions that require disclosure in the financial statements. Part XI, Line 2d - Other Adjustments: COST OF GOODS SOLD, NETTED AGAINST INCOME ON FORM 990 2,942. Part XII, Line 2d - Other Adjustments: COST OF GOODS SOLD, NETTED AGAINST INCOME ON FORM 990 2,942. Form 990, Part VI, Section A, line 6 Princeton National Rowing Association has four members as defined in the organization's by-laws Article I. Form 990, Part VI, Section A, line 7a Princeton National Rowing Association receives nominations from six of the entities involved with the organization. These six nominees are then voted into the board of directors by the members of the organization. Also, three of the directors are elected at-large by the members. Form 990, Part VI, Section A, line 7b Each Member has one vote in all matters submitted to the Members for approval. The act of a majority of members at a meeting at which a quorum is present shall be an act of the membership, except as otherwise provided by law or by these Bylaws Form 990, Part VI, Section B, line 11b The Executive Director sends an electronic copy of the Form 990 to the members of the Board of Directors, allowing about one week for their review and comments. Once any comments have been addressed and the board approves the return, the Form 990 is electronically filed by the paid preparer. Form 990, Part VI, Section B, line 12c All board members and management are required to disclose all organizations that they are affiliated with from which a conflict of interest may arise. Due to the fact all board members/management are aware of these affiliations, and that all transactions need to be approved by the board to any affiliated organization, PNRA is confident that such transactions are appropriate. Form 990, Part VI, Section B, line 15a Annually, in September, the executive committee of the board of directors, which is composed of independent directors, reviews the salary of the executive director. The executive committee compares the executive director's compensation to rowing organizations nation-wide, non-profit organizations in New Jersey, and Professionals for Nonprofits Executive Compensation survey data. Their decision is documented and summarized in an email to the Executive Director. There are no other compensated officers or key employees therefore line 15b is answered "no". Form 990, Part VI, Section C, line 19 Upon request,these forms and policies will be provided. FORM 990, PART XII, LINE 2C The process for overseeing the audit and selecting the independent accountant has not changed during the year.