Riverzedge Arts Project FY2020 filing

Tax-deductible

Woonsocket, RI501(c)(3)Youth DevelopmentEIN 13-4206227

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The Riverzedge Arts Project mission is to improve lives and places through art, design, and creative problem solving.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $37K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $155K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$41K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$572K
Spent
$539K
To programs
75%
Net assets
$557K
By yearFY2020–FY2024
Revenue
$572K
FY2020
Revenue by fiscal year
FY2020$572K
FY2021$740K
FY2022$859K
FY2023$766K
FY2024$557K
Expenses
$539K
FY2020
Expenses by fiscal year
FY2020$539K
FY2021$552K
FY2022$775K
FY2023$851K
FY2024$590K
Net assets
$557K
FY2020
Net assets by fiscal year
FY2020$557K
FY2021$743K
FY2022$826K
FY2023$742K
FY2024$708K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $403K Management & general 15% · $82K Fundraising 10% · $54K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A

Kristen Williams’s $67K as Executive Director is at the 59th percentile of top reported officer pay among 1992 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Riverzedge Arts Project executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves lives and places using art, design, and creative problem-solving.

Provided by the organization

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1 program service account for $403K of program spending, described in the organization's own filed words · FY2020.
01

To provide services to at-risk and under-served youth in northern rhode island by providing them with tools for self sufficiency, educational success, and leadership development through entrepreneurial after-school and summer art programs and workshops.

$403Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$572K
Ln 12
Gifts and grantsLn 1h$492K
Fees for servicesLn 2g$80K
Other incomeLn 4–11$80
Money outPt IX
$539K
Ln 25
Programscol B$403K
Managementcol C$82K
Fundraisingcol D$54K
Owns and owesPt X
$557K
net assets · Ln 32
Cash and savingsLn 1–2$78K
Total assetsLn 16$599K
LiabilitiesLn 26$41K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$492K
Government grantsLn 1e$337K
Noncash giftsLn 1g$16K
Fees for servicesLn 2g$80K
Investment incomeLn 3$2
Other incomeLn 4–11$80
Total revenueLn 12$572K
Assets in detailPt X, end of year
CashLn 1$78K
Cash and savings togetherLn 1–2$78K
Land, buildings, equipmentLn 10c$475K
Total assetsLn 16$599K
LiabilitiesLn 26$41K
Net assetsLn 32$557K
OperationsPt I, VI
EmployeesI 567
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$9K$78K
Land, buildings, equipmentLn 10c$440K$475K
Total assetsLn 16$487K$599K
LiabilitiesLn 26$62K$41K
Net assetsLn 32$426K$557K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$52K$5K$21K$26K
Other salaries and wagesLn 7$207K$171K$22K$14K
Other employee benefitsLn 9$11K$7K$2K$2K
Payroll taxesLn 10$23K$15K$4K$4K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$13K$4K$9K$375
Information technologyLn 14$10K$10K$222$222
OccupancyLn 16$29K$25K$2K$2K
TravelLn 17$1K$1K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$115K$105K$5K$5K
InsuranceLn 23$11K$9K$2K$917
Other expenses (24a–d)Ln 24$53K$51K$2K
Total functional expensesLn 25$539K$403K$82K$54K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $557K$590K−$33K$708K 990 PDF
FY2023 $766K$851K−$84K$742K 990 PDF
FY2022 $859K$775K$84K$826K 990 PDF
FY2021 $740K$552K$188K$743K 990 PDF
FY2020 Viewing $572K$539K$33K$557K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $571,640 across 8 lines filed
VIII-1e Government grants$337,416
VIII-1f All other contributions, gifts and grants$154,570
VIII-1g Noncash contributions (included above)$16,500
VIII-1h Total contributions, gifts and grants$491,986
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $79,572$79,572
VIII-3 Investment incomeRelated to mission $2$2
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $80$80
VIII-12 Total revenueRelated to mission $79,654$571,640
Part IX · Statement of functional expenses $538,691 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $5,200 · Management $20,800 · Fundraising $26,000$52,000
IX-7 Other salaries and wagesPrograms $170,649 · Management $22,276 · Fundraising $13,982$206,907
IX-9 Other employee benefitsPrograms $7,438 · Management $1,860 · Fundraising $1,795$11,093
IX-10 Payroll taxesPrograms $15,186 · Management $3,797 · Fundraising $3,665$22,648
IX-11c Accounting feesManagement $5,654$5,654
IX-11g Other fees for servicesManagement $3,733$3,733
IX-12 Advertising and promotionPrograms $1,818$1,818
IX-13 Office expensesPrograms $3,958 · Management $8,542 · Fundraising $375$12,875
IX-14 Information technologyPrograms $9,972 · Management $222 · Fundraising $222$10,416
IX-16 OccupancyPrograms $25,422 · Management $1,592 · Fundraising $1,592$28,606
IX-17 TravelManagement $1,203$1,203
IX-20 InterestManagement $2,852$2,852
IX-22 Depreciation, depletion and amortizationPrograms $104,501 · Management $5,077 · Fundraising $5,077$114,655
IX-23 InsurancePrograms $8,592 · Management $1,977 · Fundraising $917$11,486
IX-24 Other expenses (24a–d)Programs $50,724 · Management $2,021$52,745
IX-25 Total functional expensesPrograms $403,460 · Management $81,606 · Fundraising $53,625$538,691
Part X · Balance sheet $598,785 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $8,672$78,179
X-3 Pledges and grants receivableStart of year $34,219$42,927
X-4 Accounts receivableStart of year $939$375
X-9 Prepaid expenses and deferred chargesStart of year $2,883$2,705
X-10c Land, buildings and equipment, netStart of year $440,473$474,599
X-16 Total assetsStart of year $487,186$598,785
X-17 Accounts payable and accrued expensesStart of year $9,697$11,527
X-25 Other liabilitiesStart of year $51,908$29,839
X-26 Total liabilitiesStart of year $61,605$41,366
X-27 Net assets without donor restrictionsStart of year $420,581$532,407
X-28 Net assets with donor restrictionsStart of year $5,000$25,012
X-32 Total net assets or fund balancesStart of year $425,581$557,419
X-33 Total liabilities and net assetsStart of year $487,186$598,785
Part XI · Reconciliation of net assets $557,419 net assets at year end
XI-1 Total revenue$571,640
XI-2 Total expenses$538,691
XI-3 Revenue less expenses$32,949
XI-4 Net assets at start of year$425,581
XI-9 Other changes in net assets$98,889
XI-10 Net assets at end of year$557,419

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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