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Nonprofit · EIN 56-1798092

CAROLINA ROWING FOUNDATION INC

Tax-exempt · CHARLOTTE, NC 28210

Financials

$264K$266K2024
Revenue Expenses · by fiscal year end
Financials of CAROLINA ROWING FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$264,440$265,613-$1,173$80,092$0$80,092
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$264,440
Membership dues
$264,440
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$265,613
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$265,613

Balance sheet and other

Total assets, start of year
$81,264
Total assets, end of year
$80,092
Total liabilities, end of year
$0
Net assets, end of year
$80,092
Gross receipts
$264,440
Employees
0
Year formed
2000
State of legal domicile
NC

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.

NameTitleHours / weekCompensation
Julius Byron WalthallChairman
Trustee or director
20$0

Address and contacts

Address (IRS master file)
4935 PRENTICE PL, CHARLOTTE, NC 28210-2917
In care of
% JULIUS BYRON WALTHALL JR
Mailing address (990-N for 2023)
4935 Prentice Pl, Charlotte NC 28210
Principal officer (990 for 2024)
Julius Byron Walthall, 4935 Prentice Pl, Charlotte, NC 28210
Principal officer (990-N for 2023)
Julius Byron Walthall Jr, 4935 Prentice Pl, Charlotte NC 28210
Signed the 990
David Lewis, Temporary Financial Officer
Phone
(646) 532-9146

Mission

Carolina Rowing Foundation operates the Charlotte Youth Rowing program in the Charlotte metropolitan area.

990 for the year ended December 31, 2024

Program accomplishments

  • Operated the Charlotte Youth Rowing program for approximately 50 high schoolers in the Charlotte area. Provided coaching and training services. Competed in spring and fall regattas, including the U.S. Rowing Southeast Regional Youth Championships and U.S. Rowing Youth National Championships in Sarasota, Florida.
    Expenses $265,613 · revenue $264,440

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-N on file

IRS record

EIN
56-1798092
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
1994
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$80,092
Income (IRS master file)
$264,440

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$264,440$265,613$80,092IRS
990-N for 2023
Officer: Julius Byron Walthall Jr
December 31, 2023≤ $50,000 receipts––e-Postcard
990-N for 2021
Officer: Julius Byron Walthall Jr
December 31, 2021≤ $50,000 receipts––e-Postcard
990-N for 2020
Officer: Julius Byron Walthall
December 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: Julius Byron Walthall Jr
December 31, 2019≤ $50,000 receipts––e-Postcard

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 56-1798092).

Questions about CAROLINA ROWING FOUNDATION INC

What is the EIN of CAROLINA ROWING FOUNDATION INC?
The employer identification number (EIN) of CAROLINA ROWING FOUNDATION INC is 56-1798092.
Is CAROLINA ROWING FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to CAROLINA ROWING FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CAROLINA 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 CAROLINA ROWING FOUNDATION INC 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 CAROLINA ROWING FOUNDATION INC 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 CAROLINA ROWING FOUNDATION INC?
The 990 for the year ended December 31, 2024 names Julius Byron Walthall.
Who are the officers and directors of CAROLINA ROWING FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
How much revenue does CAROLINA ROWING FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $264,440, expenses of $265,613 and total assets of $80,092 at year end.

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