Red River Valley Association INC

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Primarily to provide College Scholarshipsand Scholarship Assistance

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Run by 160 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · 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 $114K a year · 21% 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
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$108K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $1.6M in investments, Pt X · Ln 11–13
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $229K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.07% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 16 voting members
Looks good: 14 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$660K
+44% vs prior year
Spent
$393K
To programs
72%
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$660K
FY2024▲ +44%
Tap a bar for its year
Revenue by fiscal year
FY2020$287K
FY2021$751K
FY2022$520K
FY2023$457K
FY2024$660K
Expenses
$393K
FY2024▼ -19%
Tap a bar for its year
Expenses by fiscal year
FY2020$253K
FY2021$407K
FY2022$563K
FY2023$487K
FY2024$393K
Net assets
$1.8M
FY2024▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.7M
FY2022$1.5M
FY2023$1.5M
FY2024$1.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1969.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $285K Management & general 15% · $59K Fundraising 13% · $49K

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

16 people listed on the 990; $108K paid to officers and key staff.

Part VII, Section A · reportable compensation
Mig Sweep Edit
$54,600Pt VII · Sec A
Executive Dir.
$53,167Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Laura Mahan$54,600$48,303$50,000$40,000—
Mat Garretson$53,167$50,000$9,000——
Gregory Lewis——$50,000$48,000$48,000
Laura Maham————$40,000
Ron Bartlett—$19,500———
Ronald Bartlett——$18,000$12,250$12,000

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.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Awards college scholarships and offers assistance to students pursuing higher education.

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Provided by the organization

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2 programs · $285K · in their own filed words · FY2024
01

The organization hosts reunions and publishes a magazine to share the camaraderie and fellowship of our fellow aviators. We provide scholarship assistance to dependents of the lost military service aircrew personnel.

$251Kprogram expense
02

The River Rats museum is a permanent exhibit "Home of the River Rats" which will celebrate and preserve the legacy and history of the River Rats. The exhibit will include memorials of key individuals, historical timeline of the River Rats, artifacts, artwork, aviation model exhibits, and archived document storage.

$33Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$229K
Grants paid · 5 grants · $471K · 2020–2024
Unitemized GrantFY2024$131,391
Unitemized GrantFY2023$171,981
Unitemized GrantFY2021$91,500
Unitemized GrantFY2021$2,500
Unitemized GrantFY2020$73,510

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$660K
Ln 12
Gifts and grantsLn 1h$497K
Investment incomeLn 3$163K
Money outPt IX
$393K
Ln 25
Programscol B$285K
Managementcol C$59K
Fundraisingcol D$49K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$93K
Total assetsLn 16$1.8M
LiabilitiesLn 26$1K
PeoplePt VI, VII
16
listed · VII A
PaidVII A2
Voting boardVI 1a16
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$497K
Investment incomeLn 3$163K
Gains on assetsLn 7$0
Total revenueLn 12$660K
Assets in detailPt X, end of year
CashLn 1$93K
SavingsLn 2$0
Cash and savings togetherLn 1–2$93K
InvestmentsLn 11–13$1.6M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$26K
Total assetsLn 16$1.8M
LiabilitiesLn 26$1K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 51
VolunteersI 6160
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$65K$93K
InvestmentsLn 11–13$1.4M$1.6M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.5M$1.8M
LiabilitiesLn 26$3K$1K
Net assetsLn 32$1.5M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$131K$131K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$56K$28K$14K$14K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$55K$27K$14K$14K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$4K$2K$930$930
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$15K$15K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$548$548
Information technologyLn 14$9K$9K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$5K$5K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$3K$631$2K
Other expenses (24a–d)Ln 24$100K$79K$962$21K
All other expensesLn 24e$14K$12K$3K
Total functional expensesLn 25$393K$285K$59K$49K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Apr 25, 2025 $660K$393K$267K$1.8M 990 PDF
FY2023Filed with the IRS Aug 15, 2024 $457K$487K−$29K$1.5M 990 PDF
FY2022Filed with the IRS Sep 26, 2023 $520K$563K−$43K$1.5M 990 PDF
FY2021Filed with the IRS Oct 28, 2022 $751K$407K$344K$1.7M 990 PDF
FY2020Filed with the IRS Nov 1, 2021 $287K$253K$34K$1.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $659,975 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $330,550$497,267
I-9 Program service revenuePrior year $24,330$0
I-10 Investment incomePrior year $102,426$162,708
I-11 Other revenue$0
I-12 Total revenuePrior year $457,306$659,975
I-13 Grants and similar amounts paidPrior year $171,981$131,391
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $131,564$114,486
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $183,113$146,951
I-18 Total expensesPrior year $486,658$392,828
I-19 Revenue less expensesPrior year −$29,352$267,147
Part VI · Governance 14 of 16 board members independent, 2 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $659,975 across 9 lines filed
VIII-1b Membership dues$52,229
VIII-1f All other contributions, gifts and grants$445,038
VIII-1h Total contributions, gifts and grants$497,267
VIII-3 Investment incomeExcluded from tax $162,708$162,708
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $162,708$659,975
Part IX · Statement of functional expenses $392,828 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $131,391$131,391
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $28,083 · Management $14,042 · Fundraising $14,042$56,167
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $27,300 · Management $13,650 · Fundraising $13,650$54,600
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $1,859 · Management $930 · Fundraising $930$3,719
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $15,068$15,068
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $548$548
IX-14 Information technologyManagement $8,768$8,768
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $5,302$5,302
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $631 · Management $1,893$2,524
IX-24 Other expenses (24a–d)Programs $78,555 · Management $962 · Fundraising $20,831$100,348
IX-24e All other expensesPrograms $11,673 · Management $2,720$14,393
IX-25 Total functional expensesPrograms $284,794 · Management $58,581 · Fundraising $49,453$392,828
Part X · Balance sheet $1,763,700 assets, 18 lines filed
Asset lines not itemized here account for $9,670; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $65,455$92,952
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $1,406,423$1,634,978
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $26,100$26,100
X-16 Total assetsStart of year $1,497,978$1,763,700
X-17 Accounts payable and accrued expensesStart of year $2,656$1,231
X-26 Total liabilitiesStart of year $2,656$1,231
X-27 Net assets without donor restrictionsStart of year $1,495,322$1,762,469
X-32 Total net assets or fund balancesStart of year $1,495,322$1,762,469
X-33 Total liabilities and net assetsStart of year $1,497,978$1,763,700
Part XI · Reconciliation of net assets $1,762,469 net assets at year end
XI-1 Total revenue$659,975
XI-2 Total expenses$392,828
XI-3 Revenue less expenses$267,147
XI-4 Net assets at start of year$1,495,322
XI-10 Net assets at end of year$1,762,469

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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