Riverzedge Arts Project FY2023 filing

Tax-deductible

Woonsocket, RI501(c)(3)Youth DevelopmentEIN 13-4206227Revenue $766K in FY2023

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

FY2023 · 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
1 mo
of spending, in cash
Fine: 1.4 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
$85K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$766K
-11% vs prior year
Spent
$851K
To programs
76%
Net assets
$742K
By yearFY2020–FY2024
Revenue
$766K
FY2023▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$572K
FY2021$740K
FY2022$859K
FY2023$766K
FY2024$557K
Expenses
$851K
FY2023▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$539K
FY2021$552K
FY2022$775K
FY2023$851K
FY2024$590K
Net assets
$742K
FY2023▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$557K
FY2021$743K
FY2022$826K
FY2023$742K
FY2024$708K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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% · $651K Management & general 19% · $165K Fundraising 4% · $34K

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.

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.

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Provided by the organization

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1 program · $651K · in their own filed words · FY2023
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.

$651Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$766K
Ln 12
Gifts and grantsLn 1h$657K
Fees for servicesLn 2g$119K
Investment incomeLn 3$65
Money outPt IX
$851K
Ln 25
Programscol B$651K
Managementcol C$165K
Fundraisingcol D$34K
Owns and owesPt X
$742K
net assets · Ln 32
Cash and savingsLn 1–2$99K
Total assetsLn 16$827K
LiabilitiesLn 26$85K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$657K
Government grantsLn 1e$76K
Noncash giftsLn 1g$3K
Fundraising eventsLn 1c$5K
Fees for servicesLn 2g$119K
Investment incomeLn 3$65
Total revenueLn 12$766K
Assets in detailPt X, end of year
CashLn 1$82K
SavingsLn 2$18K
Cash and savings togetherLn 1–2$99K
Land, buildings, equipmentLn 10c$679K
Total assetsLn 16$827K
LiabilitiesLn 26$85K
Net assetsLn 32$742K
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 FY23End FY23
Cash and savingsLn 1–2$146K$99K
Land, buildings, equipmentLn 10c$639K$679K
Total assetsLn 16$867K$827K
LiabilitiesLn 26$41K$85K
Net assetsLn 32$826K$742K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$71K$29K$14K$29K
Other salaries and wagesLn 7$440K$380K$60K
Other employee benefitsLn 9$17K$13K$2K$930
Payroll taxesLn 10$49K$39K$7K$3K
Legal feesLn 11b$75$75
Accounting feesLn 11c$28K$28K
Other fees for servicesLn 11g$4K$800$3K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$25K$5K$20K
Information technologyLn 14$14K$14K
OccupancyLn 16$37K$33K$2K$2K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$553$553
Depreciation, depletion and amortizationLn 22$42K$35K$6K
InsuranceLn 23$17K$680$16K
Other expenses (24a–d)Ln 24$100K$97K$3K$105
All other expensesLn 24e$274$274
Total functional expensesLn 25$851K$651K$165K$34K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $557K$590K−$33K$708K 990 PDF
FY2023 Viewing $766K$851K−$84K$742K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $766,141 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $791,011$657,333
I-9 Program service revenuePrior year $65,491$118,700
I-10 Investment incomePrior year $117$65
I-11 Other revenuePrior year $2,056−$9,957
I-12 Total revenuePrior year $858,675$766,141
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $505,480$577,372
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $269,666$273,218
I-18 Total expensesPrior year $775,146$850,590
I-19 Revenue less expensesPrior year $83,529−$84,449
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $766,141 across 9 lines filed
Lines not itemized here account for −$12,884 of total revenue; see the IRS return.
VIII-1c Fundraising events$5,000
VIII-1e Government grants$76,405
VIII-1f All other contributions, gifts and grants$575,928
VIII-1g Noncash contributions (included above)$2,700
VIII-1h Total contributions, gifts and grants$657,333
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $118,700$118,700
VIII-3 Investment incomeRelated to mission $65$65
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,927$2,927
VIII-12 Total revenueRelated to mission $108,808 · Unrelated business $0 · Excluded from tax $0$766,141
Part IX · Statement of functional expenses $850,590 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $28,575 · Management $14,288 · Fundraising $28,575$71,438
IX-7 Other salaries and wagesPrograms $380,485 · Management $59,878$440,363
IX-9 Other employee benefitsPrograms $13,312 · Management $2,414 · Fundraising $930$16,656
IX-10 Payroll taxesPrograms $39,096 · Management $7,088 · Fundraising $2,731$48,915
IX-11b Legal feesManagement $75$75
IX-11c Accounting feesManagement $28,225$28,225
IX-11g Other fees for servicesPrograms $800 · Management $3,010$3,810
IX-12 Advertising and promotionPrograms $3,110$3,110
IX-13 Office expensesPrograms $5,248 · Management $19,889$25,137
IX-14 Information technologyPrograms $14,069$14,069
IX-16 OccupancyPrograms $33,208 · Management $2,129 · Fundraising $1,871$37,208
IX-19 Conferences, conventions and meetingsManagement $2,183$2,183
IX-20 InterestManagement $553$553
IX-22 Depreciation, depletion and amortizationPrograms $35,471 · Management $6,260$41,731
IX-23 InsurancePrograms $680 · Management $16,182$16,862
IX-24 Other expenses (24a–d)Programs $96,621 · Management $3,255 · Fundraising $105$99,981
IX-24e All other expensesFundraising $274$274
IX-25 Total functional expensesPrograms $650,675 · Management $165,429 · Fundraising $34,486$850,590
Part X · Balance sheet $826,774 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $41,001$81,527
X-2 Savings and temporary cash investmentsStart of year $104,640$17,705
X-3 Pledges and grants receivableStart of year $76,231$43,775
X-4 Accounts receivableStart of year $890$829
X-9 Prepaid expenses and deferred chargesStart of year $5,738$4,351
X-10c Land, buildings and equipment, netStart of year $638,657$678,587
X-16 Total assetsStart of year $867,157$826,774
X-17 Accounts payable and accrued expensesStart of year $40,981$38,938
X-26 Total liabilitiesStart of year $40,981$85,047
X-27 Net assets without donor restrictionsStart of year $776,176$736,727
X-28 Net assets with donor restrictionsStart of year $50,000$5,000
X-32 Total net assets or fund balancesStart of year $826,176$741,727
X-33 Total liabilities and net assetsStart of year $867,157$826,774
Part XI · Reconciliation of net assets $741,727 net assets at year end
XI-1 Total revenue$766,141
XI-2 Total expenses$850,590
XI-3 Revenue less expenses−$84,449
XI-4 Net assets at start of year$826,176
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$741,727

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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