Riversport Foundation

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We build community through rowing and paddle sports.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-1837237) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 325 volunteers and 343 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $314K a year · 4% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
77% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$834K
to officers and key staff · 9% of spending
Pay to officers and key staff is 9% of spending.
Part VII, Section A
1.9 mo
of spending, in cash
1.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $253K
9 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$4.8M
30% of total assets
Liabilities are 30% of assets.
Pt X · Ln 26
Independent board members
19
of 19 voting members
19 of 19 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$8.9M
-12% vs prior year
Spent
$9.5M
To programs
77%
Net assets
$11.3M
By yearFY2020–FY2025
Revenue
$8.9M
FY2025▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.3M
FY2021$8.4M
FY2022$9.8M
FY2023$8.2M
FY2024$10.1M
FY2025$8.9M
Expenses
$9.5M
FY2025▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.1M
FY2021$7.8M
FY2022$8.9M
FY2023$9.3M
FY2024$9.8M
FY2025$9.5M
Net assets
$11.3M
FY2025▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$11.3M
FY2021$11.8M
FY2022$12.7M
FY2023$11.6M
FY2024$11.9M
FY2025$11.3M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2005.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $7.3M Management & general 15% · $1.4M Fundraising 8% · $802K

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

25 people listed on the 990; $834K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Founder
$208,210Pt VII · Sec A
Executive Director
$150,142Pt VII · Sec A
Chief Marketing Officer
$139,065Pt VII · Sec A
Chief Operating Officer
$127,342Pt VII · Sec A
Director of Sales
$105,571Pt VII · Sec A
SR Director of Athletics
$103,499Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Mike Knopp’s $208K as Founder is at the 91st percentile of top reported officer pay among 3868 $1–10M human services 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.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Mike Knopp$208,210$202,147————
Michael Joseph Knopp——$202,300$190,380$190,500$189,654
Michael Knopp——$202,300———
Chris Sorensen$150,142—————
Elizabeth M Laurent——$143,067$129,904$137,500$133,977
Elizabeth Laurent$139,065$138,400—$141,000$137,500—
Stephen Ball$127,342$130,875————
Stephen Robert Ball——$126,931$118,140$125,000$115,478

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Riversport Foundation executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Inspires excellence and changes lives through Olympic water-sports and urban adventures.

Questions for Riversport Foundation

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1 program · $9.4M · in their own filed words · FY2025
01

We build community through rowing and paddle sports.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-1837237) · Dispute this line
$9.4Mprogram 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 9 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$8.9M
Ln 12
Fees for servicesLn 2g$7.7M
Other incomeLn 4–11$579K
Gifts and grantsLn 1h$549K
Money outPt IX
$9.5M
Ln 25
Programscol B$7.3M
Managementcol C$1.4M
Fundraisingcol D$802K
Owns and owesPt X
$11.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$16.1M
LiabilitiesLn 26$4.8M
PeoplePt VI, VII
25
listed · VII A
PaidVII A6
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$549K
Fees for servicesLn 2g$7.7M
Investment incomeLn 3$91K
Other incomeLn 4–11$579K
Gains on assetsLn 7$67K
Total revenueLn 12$8.9M
Assets in detailPt X, end of year
CashLn 1$1.5M
Cash and savings togetherLn 1–2$1.5M
Pledges and grants receivableLn 3$20K
Accounts receivableLn 4$57K
Inventories for sale or useLn 8$75K
Prepaid expenses and deferred chargesLn 9$135K
Land, buildings, equipmentLn 10c$14.2M
InvestmentsLn 11–13$62K
Total assetsLn 16$16.1M
LiabilitiesLn 26$4.8M
Net assetsLn 32$11.3M
OperationsPt I, VI
EmployeesI 5343
VolunteersI 6325
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$62K$57K$53K$54K$65K
AddedLn 1b$0
SpentLn 1d–1f$3K$3K$3K−$2K−$2K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.2M$1.5M
InvestmentsLn 11–13$57K$62K
Land, buildings, equipmentLn 10c$15.1M$14.2M
Total assetsLn 16$16.6M$16.1M
LiabilitiesLn 26$4.7M$4.8M
Net assetsLn 32$11.9M$11.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$222K$44K$44K$133K
Other salaries and wagesLn 7$4.1M$2.8M$796K$531K
Pension plan contributionsLn 8$55K$27K$16K$11K
Other employee benefitsLn 9$324K$220K$67K$37K
Payroll taxesLn 10$364K$273K$55K$36K
Management feesLn 11a$87K$56K$30K
Legal feesLn 11b$5K$5K$513
Accounting feesLn 11c$30K$30K
Other fees for servicesLn 11g$67K$67K
Advertising and promotionLn 12$326K$295K$31K
Office expensesLn 13$30K$27K$3K
Information technologyLn 14$192K$192K
RoyaltiesLn 15$314$314
TravelLn 17$240K$240K
InterestLn 20$307K$176K$107K$23K
Depreciation, depletion and amortizationLn 22$1.1M$1.1M
InsuranceLn 23$461K$461K
Other expenses (24a–d)Ln 24$1.6M$1.5M$79K
All other expensesLn 24e$0$0
Total functional expensesLn 25$9.5M$7.3M$1.4M$802K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Aug 27, 2026 $8.9M$9.5M−$585K$11.3M 990 PDF
FY2024Filed with the IRS Apr 15, 2025 $10.1M$9.8M$276K$11.9M 990 PDF
FY2023Filed with the IRS Feb 27, 2025 $8.2M$9.3M−$1.1M$11.6M 990 PDF
FY2022Filed with the IRS Nov 13, 2023 $9.8M$8.9M$841K$12.7M 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $8.4M$7.8M$512K$11.8M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $5.3M$7.1M−$1.8M$11.3M 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments G · Fundraising J · Pay O · Explanations
See the full FY2025 990
Part I · Summary $8,906,158 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,572,503$549,125
I-9 Program service revenuePrior year $7,861,935$7,687,300
I-10 Investment incomePrior year $34,502$90,553
I-11 Other revenuePrior year $602,749$579,180
I-12 Total revenuePrior year $10,071,689$8,906,158
I-13 Grants and similar amounts paidPrior year $138$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,785,623$5,056,847
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,009,670$4,434,528
I-18 Total expensesPrior year $9,795,431$9,491,375
I-19 Revenue less expensesPrior year $276,258−$585,217
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
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 $8,906,158 across 7 lines filed
Lines not itemized here account for $1,204,701 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$492,348
VIII-1h Total contributions, gifts and grants$549,125
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,031,904$7,031,904
VIII-3 Investment incomeExcluded from tax $23,853$23,853
VIII-6 Net rental income or loss$29,875
VIII-7 Net gain or loss on sales of assets$66,700
VIII-12 Total revenueRelated to mission $8,236,605 · Unrelated business $0 · Excluded from tax $23,853$8,906,158
Part IX · Statement of functional expenses $9,491,375 across 19 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $44,372 · Management $44,372 · Fundraising $133,115$221,859
IX-7 Other salaries and wagesPrograms $2,766,460 · Management $795,806 · Fundraising $530,538$4,092,804
IX-8 Pension plan contributionsPrograms $27,416 · Management $16,450 · Fundraising $10,967$54,833
IX-9 Other employee benefitsPrograms $219,579 · Management $67,387 · Fundraising $36,705$323,671
IX-10 Payroll taxesPrograms $272,760 · Management $54,552 · Fundraising $36,368$363,680
IX-11a Management feesPrograms $56,468 · Management $30,141$86,609
IX-11b Legal feesPrograms $4,613 · Management $513$5,126
IX-11c Accounting feesManagement $30,000$30,000
IX-11g Other fees for servicesPrograms $67,015$67,015
IX-12 Advertising and promotionPrograms $294,571 · Fundraising $31,493$326,064
IX-13 Office expensesPrograms $27,282 · Management $3,031$30,313
IX-14 Information technologyManagement $191,589$191,589
IX-15 RoyaltiesPrograms $314$314
IX-17 TravelPrograms $240,472$240,472
IX-20 InterestPrograms $176,115 · Management $107,370 · Fundraising $23,174$306,659
IX-22 Depreciation, depletion and amortizationPrograms $1,089,952$1,089,952
IX-23 InsurancePrograms $461,434$461,434
IX-24 Other expenses (24a–d)Programs $1,519,823 · Management $79,158$1,598,981
IX-24e All other expensesManagement $0$0
IX-25 Total functional expensesPrograms $7,268,646 · Management $1,420,369 · Fundraising $802,360$9,491,375
Part X · Balance sheet $16,051,866 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $1,182,425$1,488,909
X-3 Pledges and grants receivableStart of year $46,835$20,000
X-4 Accounts receivableStart of year $24,362$56,534
X-8 Inventories for sale or useStart of year $82,748$74,925
X-9 Prepaid expenses and deferred chargesStart of year $129,411$134,612
X-10c Land, buildings and equipment, netStart of year $15,093,067$14,215,283
X-13 Program-related investmentsStart of year $57,377$61,603
X-16 Total assetsStart of year $16,616,225$16,051,866
X-17 Accounts payable and accrued expensesStart of year $579,762$977,426
X-19 Deferred revenueStart of year $1,350,961$1,234,985
X-23 Secured mortgages and notes payableStart of year $2,591,984$2,356,152
X-24 Unsecured notes and loans payableStart of year $225,000$200,000
X-26 Total liabilitiesStart of year $4,747,707$4,768,563
X-27 Net assets without donor restrictionsStart of year $11,822,056$11,236,839
X-28 Net assets with donor restrictionsStart of year $46,463$46,463
X-32 Total net assets or fund balancesStart of year $11,868,519$11,283,302
X-33 Total liabilities and net assetsStart of year $16,616,226$16,051,865
Part XI · Reconciliation of net assets $11,283,303 net assets at year end
XI-1 Total revenue$8,906,158
XI-2 Total expenses$9,491,375
XI-3 Revenue less expenses−$585,217
XI-4 Net assets at start of year$11,868,518
XI-10 Net assets at end of year$11,283,303

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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