River Gallery School INC EIN 03-0282269

River Gallery School INC

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River Gallery School INC is an arts and culture nonprofit based in Brattleboro, VT. For fiscal year 2024 it reported $361K in revenue, $429K in expenses, and $501K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Brattleboro, VT
Website
www.rivergalleryschool.org
Filings
5 on file (2020–2024)
Revenue
$361KFY2024
Expenses
$429K
Net assets
$501K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  03-0282269 Public charity (501(c)(3)) Brattleboro, VT
Form 990 (PDF)
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Size
$100K–1M
What they do
an arts and culture nonprofit
Leadership
Desha Peacock · Trustee
Money in and out
$361K revenue, $429K expenses
Bottom line
46% program efficiency
Where the money goes · FY2024
Total revenue
$361K
Pt VIII · Ln 12
Total expenses
$429K
Pt IX · Ln 25
Net assets
$501K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$68K
Where spending went · Part IX cols B–D
Program services $0.46 Management & general $0.51 Fundraising $0.03
Program efficiency
46%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
9.4mo
months of highly liquid reserves at operating expense rate▼ -28% vs prior filing year
Surplus margin
-19%
revenue over expenses, this year▼ -157% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$361K
FY2024▼ -36%
Expenses
$429K
FY2024▲ +15%
Total assets
$539K
FY2024▼ -6%
Total liabilities
$38K
FY2024▲ +77%
Total revenue
$361K
Pt VIII · Ln 12
Total expenses
$429K
Pt IX · Ln 25
Net assets
$501K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$68K
Total assetsPt X · Ln 16$539K
Program-expense ratioPt IX · col B46%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $199K of program spending, described in the organization's own filed words · FY2024.
01

Art education is provided year round to over 400 students. RGS offers 54 classes, 20 workshops and outreach programs to children and senior citizens.

$199Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRiver Gallery School INC
EINHdr · item D03-0282269
Principal addressHdr · item CBrattleboro, VT
WebsiteHdr · item Jwww.rivergalleryschool.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A250)
Ruling yearIRS BMFOct 1982

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$176K · 49%
Program service revenue$163K · 45%
Investment income$17K · 5%
Other revenue$4K · 1%
Contributions & grants49%$176K
Program service revenue45%$163K
Investment income5%$17K
Other revenue1%$4K
Total revenueLn 12$361K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.46 Management & general $0.51 Fundraising $0.03
Program services46%$199K
Management & general51%$219K
Fundraising3%$11K
Total functional expensesLn 25$429K

Balance Sheet

Part X · end of year
CashLn 1$238K
Total assetsLn 16$539K
Total liabilitiesLn 26$38K
Total net assetsLn 32$501K
Months of cash on handcomputed6.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $336K · Operating expenses/yr $429K
9.4 months
Where the money goes
Program services
Program services $199K · Total expenses $429K
46%
Management & General
Management & general $219K · Total expenses $429K
51%
Fundraising
Fundraising $11K · Total expenses $429K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $8K · Solicited contributions (3-yr avg) $221K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $176K · Total revenue $361K
49%
Government reliance
Government grants — · Total revenue $361K
Earned-income share
Program service revenue $163K · Total revenue $361K
45%
Investment reliance
Investment income $17K · Total revenue $361K
+5%
Program self-sufficiency
Program service revenue $163K · Total expenses $429K
38%
Growth & trend
Revenue growth (YoY)
This year $361K · Prior year $561K
-36%
Revenue CAGR
FY2020 $519K · FY2024 $361K
-9%
Net-asset trend (YoY)
End of year $501K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $361K · Expenses $429K
-19%
Liabilities-to-Assets
Total liabilities — · Total assets $539K
Net-asset ratio
Net assets $501K · Total assets $539K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $97K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $539K
18%
People & payroll
Highest Reported Total Compensation
Individual Desha Peacock · Reported title Trustee · Highest reported compensation $0 · Total expenses $429K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $276K · Total expenses $429K
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 46%
Overhead ratio 51%
Fundraising cost ratio 6%
Revenue growth -36%
Legal fee ratio 0.03%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 5 funders$73K
See all 5 funders →
Grants paid · 10 grants · $126K · 2020–2024
Unitemized GrantFY2024$22,033
Unitemized GrantFY2024$3,670
Unitemized GrantFY2023$19,919
Unitemized GrantFY2023$3,569
Unitemized GrantFY2022$30,918
Unitemized GrantFY2022$7,053
Unitemized GrantFY2021$15,533
Unitemized GrantFY2021$4,237
Unitemized GrantFY2020$15,547
Unitemized GrantFY2020$3,253

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$361K revenue · viewing · ⤓ 990 PDF
FY2023$561K revenue · ⤓ 990 PDF
FY2022$358K revenue · ⤓ 990 PDF
FY2021$308K revenue · ⤓ 990 PDF
FY2020$519K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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