Riverzedge Arts Project FY2022 filing

Tax-deductible

Woonsocket, RI501(c)(3)Youth DevelopmentEIN 13-4206227Revenue $859K in FY2022

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.
76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 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
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$859K
+16% vs prior year
Spent
$775K
To programs
76%
Net assets
$826K
By yearFY2020–FY2024
Revenue
$859K
FY2022▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$572K
FY2021$740K
FY2022$859K
FY2023$766K
FY2024$557K
Expenses
$775K
FY2022▲ +40%
Tap a bar for its year
Expenses by fiscal year
FY2020$539K
FY2021$552K
FY2022$775K
FY2023$851K
FY2024$590K
Net assets
$826K
FY2022▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$557K
FY2021$743K
FY2022$826K
FY2023$742K
FY2024$708K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

76 cents of each dollar spent went to programs.

Program services 76% · $585K Management & general 20% · $159K Fundraising 4% · $31K

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

8 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
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$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 · $585K · in their own filed words · FY2022
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.

$585Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$859K
Ln 12
Gifts and grantsLn 1h$791K
Fees for servicesLn 2g$65K
Other incomeLn 4–11$2K
Money outPt IX
$775K
Ln 25
Programscol B$585K
Managementcol C$159K
Fundraisingcol D$31K
Owns and owesPt X
$826K
net assets · Ln 32
Cash and savingsLn 1–2$146K
Total assetsLn 16$867K
LiabilitiesLn 26$41K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$791K
Government grantsLn 1e$442K
Noncash giftsLn 1g$1K
Fundraising eventsLn 1c$5K
Fees for servicesLn 2g$65K
Investment incomeLn 3$117
Other incomeLn 4–11$2K
Total revenueLn 12$859K
Assets in detailPt X, end of year
CashLn 1$41K
SavingsLn 2$105K
Cash and savings togetherLn 1–2$146K
Land, buildings, equipmentLn 10c$639K
Total assetsLn 16$867K
LiabilitiesLn 26$41K
Net assetsLn 32$826K
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 FY22End FY22
Cash and savingsLn 1–2$200K$146K
Land, buildings, equipmentLn 10c$482K$639K
Total assetsLn 16$770K$867K
LiabilitiesLn 26$28K$41K
Net assetsLn 32$743K$826K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$63K$25K$13K$25K
Other salaries and wagesLn 7$385K$338K$47K
Other employee benefitsLn 9$16K$13K$2K$884
Payroll taxesLn 10$42K$34K$6K$2K
Accounting feesLn 11c$28K$28K
Other fees for servicesLn 11g$12K$4K$8K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$16K$857$15K
Information technologyLn 14$13K$13K
OccupancyLn 16$41K$38K$2K$2K
TravelLn 17$50$50
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$20K$17K$3K
InsuranceLn 23$12K$680$11K
Other expenses (24a–d)Ln 24$120K$100K$19K$1K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$775K$585K$159K$31K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $557K$590K−$33K$708K 990 PDF
FY2023 $766K$851K−$84K$742K 990 PDF
FY2022 Viewing $859K$775K$84K$826K 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $858,675 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $639,191$791,011
I-9 Program service revenuePrior year $99,652$65,491
I-10 Investment incomePrior year $133$117
I-11 Other revenuePrior year $916$2,056
I-12 Total revenuePrior year $739,892$858,675
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $330,629$505,480
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $221,746$269,666
I-18 Total expensesPrior year $552,375$775,146
I-19 Revenue less expensesPrior year $187,517$83,529
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $858,675 across 9 lines filed
VIII-1c Fundraising events$5,000
VIII-1e Government grants$441,992
VIII-1f All other contributions, gifts and grants$344,019
VIII-1g Noncash contributions (included above)$1,179
VIII-1h Total contributions, gifts and grants$791,011
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $65,491$65,491
VIII-3 Investment incomeRelated to mission $117$117
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,056$2,056
VIII-12 Total revenueRelated to mission $67,664 · Unrelated business $0 · Excluded from tax $0$858,675
Part IX · Statement of functional expenses $775,146 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $25,088 · Management $12,544 · Fundraising $25,088$62,720
IX-7 Other salaries and wagesPrograms $337,896 · Management $47,302$385,198
IX-9 Other employee benefitsPrograms $12,785 · Management $2,108 · Fundraising $884$15,777
IX-10 Payroll taxesPrograms $33,862 · Management $5,583 · Fundraising $2,340$41,785
IX-11c Accounting feesManagement $28,030$28,030
IX-11g Other fees for servicesPrograms $3,935 · Management $8,414$12,349
IX-12 Advertising and promotionPrograms $2,099$2,099
IX-13 Office expensesPrograms $857 · Management $14,998$15,855
IX-14 Information technologyPrograms $12,920$12,920
IX-16 OccupancyPrograms $37,642 · Management $1,908 · Fundraising $1,728$41,278
IX-17 TravelManagement $50$50
IX-19 Conferences, conventions and meetingsManagement $2,244$2,244
IX-22 Depreciation, depletion and amortizationPrograms $17,222 · Management $3,039$20,261
IX-23 InsurancePrograms $680 · Management $11,251$11,931
IX-24 Other expenses (24a–d)Programs $100,288 · Management $18,907 · Fundraising $1,109$120,304
IX-24e All other expensesManagement $2,345$2,345
IX-25 Total functional expensesPrograms $585,274 · Management $158,723 · Fundraising $31,149$775,146
Part X · Balance sheet $867,157 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $42,707$41,001
X-2 Savings and temporary cash investmentsStart of year $157,623$104,640
X-3 Pledges and grants receivableStart of year $82,147$76,231
X-4 Accounts receivableStart of year $1,425$890
X-9 Prepaid expenses and deferred chargesStart of year $4,247$5,738
X-10c Land, buildings and equipment, netStart of year $482,085$638,657
X-16 Total assetsStart of year $770,234$867,157
X-17 Accounts payable and accrued expensesStart of year $12,587$40,981
X-26 Total liabilitiesStart of year $27,587$40,981
X-27 Net assets without donor restrictionsStart of year $693,569$776,176
X-28 Net assets with donor restrictionsStart of year $49,078$50,000
X-32 Total net assets or fund balancesStart of year $742,647$826,176
X-33 Total liabilities and net assetsStart of year $770,234$867,157
Part XI · Reconciliation of net assets $826,176 net assets at year end
XI-1 Total revenue$858,675
XI-2 Total expenses$775,146
XI-3 Revenue less expenses$83,529
XI-4 Net assets at start of year$742,647
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$826,176

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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