Riverzedge Arts Project FY2021 filing

Tax-deductible

Woonsocket, RI501(c)(3)Youth DevelopmentEIN 13-4206227Revenue $740K in FY2021

On file with the IRSriverzedgearts.org196 2nd Ave, 02895-4038 · Woonsocket, RITax-exempt since May 2003Publicly supported charity — 170(b)(1)(A)(vi)

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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.
73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · 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
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
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
$28K
4% of total assets
Looks good: liabilities are 4% 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
$740K
+29% vs prior year
Spent
$552K
To programs
73%
Net assets
$743K
By yearFY2020–FY2024
Revenue
$740K
FY2021▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2020$572K
FY2021$740K
FY2022$859K
FY2023$766K
FY2024$557K
Expenses
$552K
FY2021▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$539K
FY2021$552K
FY2022$775K
FY2023$851K
FY2024$590K
Net assets
$743K
FY2021▲ +33%
Tap a bar for its year
Net assets by fiscal year
FY2020$557K
FY2021$743K
FY2022$826K
FY2023$742K
FY2024$708K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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

73 cents of each dollar spent went to programs.

Program services 73% · $404K Management & general 19% · $103K Fundraising 8% · $46K

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
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$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.

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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.

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Provided by the organization

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1 program · $404K · in their own filed words · FY2021
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 entreprenuerial after-school and summer art programs and workshops.

$404Kprogram expense

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 FY2021 990, line by line.

1The main four
Money inPt VIII
$740K
Ln 12
Gifts and grantsLn 1h$639K
Fees for servicesLn 2g$100K
Other incomeLn 4–11$916
Money outPt IX
$552K
Ln 25
Programscol B$404K
Managementcol C$103K
Fundraisingcol D$46K
Owns and owesPt X
$743K
net assets · Ln 32
Cash and savingsLn 1–2$200K
Total assetsLn 16$770K
LiabilitiesLn 26$28K
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$639K
Government grantsLn 1e$383K
Noncash giftsLn 1g$5K
Fees for servicesLn 2g$100K
Investment incomeLn 3$133
Other incomeLn 4–11$916
Total revenueLn 12$740K
Assets in detailPt X, end of year
CashLn 1$43K
SavingsLn 2$158K
Cash and savings togetherLn 1–2$200K
Land, buildings, equipmentLn 10c$482K
Total assetsLn 16$770K
LiabilitiesLn 26$28K
Net assetsLn 32$743K
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 FY21End FY21
Cash and savingsLn 1–2$78K$200K
Land, buildings, equipmentLn 10c$475K$482K
Total assetsLn 16$599K$770K
LiabilitiesLn 26$41K$28K
Net assetsLn 32$557K$743K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$56K$13K$3K$40K
Other salaries and wagesLn 7$233K$222K$10K
Other employee benefitsLn 9$13K$180$13K
Payroll taxesLn 10$28K$21K$8K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$3K$3K
Office expensesLn 13$15K$15K$95
Information technologyLn 14$10K$10K
OccupancyLn 16$43K$40K$2K$1K
TravelLn 17$150$150
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$19K$19K$152
InsuranceLn 23$15K$680$15K
Other expenses (24a–d)Ln 24$97K$79K$13K$4K
Total functional expensesLn 25$552K$404K$103K$46K

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 Viewing $740K$552K$188K$743K 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $739,892 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $491,986$639,191
I-9 Program service revenuePrior year $79,572$99,652
I-10 Investment incomePrior year $2$133
I-11 Other revenuePrior year $80$916
I-12 Total revenuePrior year $571,640$739,892
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $292,648$330,629
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $246,043$221,746
I-18 Total expensesPrior year $538,691$552,375
I-19 Revenue less expensesPrior year $32,949$187,517
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $739,892 across 8 lines filed
VIII-1e Government grants$382,529
VIII-1f All other contributions, gifts and grants$256,662
VIII-1g Noncash contributions (included above)$4,973
VIII-1h Total contributions, gifts and grants$639,191
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $99,652$99,652
VIII-3 Investment incomeRelated to mission $133$133
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $916$916
VIII-12 Total revenueRelated to mission $100,701 · Unrelated business $0 · Excluded from tax $0$739,892
Part IX · Statement of functional expenses $552,375 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $13,299 · Management $2,967 · Fundraising $40,000$56,266
IX-7 Other salaries and wagesPrograms $222,334 · Management $10,411$232,745
IX-9 Other employee benefitsPrograms $180 · Management $13,143$13,323
IX-10 Payroll taxesPrograms $20,588 · Management $7,707$28,295
IX-11b Legal feesManagement $3,185$3,185
IX-11c Accounting feesManagement $12,313$12,313
IX-11g Other fees for servicesManagement $3,382$3,382
IX-13 Office expensesManagement $15,095 · Fundraising $95$15,190
IX-14 Information technologyPrograms $9,561$9,561
IX-16 OccupancyPrograms $39,576 · Management $1,611 · Fundraising $1,444$42,631
IX-17 TravelManagement $150$150
IX-19 Conferences, conventions and meetingsManagement $2,236$2,236
IX-20 InterestManagement $2,287$2,287
IX-22 Depreciation, depletion and amortizationPrograms $18,633 · Management $152$18,785
IX-23 InsurancePrograms $680 · Management $14,540$15,220
IX-24 Other expenses (24a–d)Programs $79,018 · Management $13,475 · Fundraising $4,313$96,806
IX-25 Total functional expensesPrograms $403,869 · Management $102,654 · Fundraising $45,852$552,375
Part X · Balance sheet $770,234 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $78,179$42,707
X-2 Savings and temporary cash investments$157,623
X-3 Pledges and grants receivableStart of year $42,927$82,147
X-4 Accounts receivableStart of year $375$1,425
X-9 Prepaid expenses and deferred chargesStart of year $2,705$4,247
X-10c Land, buildings and equipment, netStart of year $474,599$482,085
X-16 Total assetsStart of year $598,785$770,234
X-17 Accounts payable and accrued expensesStart of year $25,451$12,587
X-24 Unsecured notes and loans payable$15,000
X-26 Total liabilitiesStart of year $41,366$27,587
X-27 Net assets without donor restrictionsStart of year $532,407$693,569
X-28 Net assets with donor restrictionsStart of year $25,012$49,078
X-32 Total net assets or fund balancesStart of year $557,419$742,647
X-33 Total liabilities and net assetsStart of year $598,785$770,234
Part XI · Reconciliation of net assets $742,647 net assets at year end
XI-1 Total revenue$739,892
XI-2 Total expenses$552,375
XI-3 Revenue less expenses$187,517
XI-4 Net assets at start of year$557,419
XI-9 Other changes in net assets−$2,289
XI-10 Net assets at end of year$742,647

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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