River Foundation INC FY2022 filing

Tax-deductible

Scottsboro, AL501(c)(3)Since 2007Human ServicesEIN 26-1297590Revenue −$16K in FY2022

On file with the IRS4491 S Broad St, 35769-7468 · Scottsboro, ALTax-exempt since Jul 2013Supporting org, Type III (functionally integrated) — 509(a)(3)

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The mission of the River Foundation, INC. Is to encourage the making of gifts, benefactions and other donations for the purpose of enhancing the well being of individuals with intellectual and developmental disabilities.

501(c)(3) charity; gifts are tax-deductible.
100¢ 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
0 of 5
filings with a surplus
Average deficit $29K a year · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
528 mo
of spending, in cash
Looks good: 528.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$16K
-0.4% vs prior year
Spent
$7K
To programs
100%
Net assets
$788K
By yearFY2020–FY2024
Revenue
−$16K
FY2022-0.4%
Tap a bar for its year
Revenue by fiscal year
FY2020−$42K
FY2021−$15K
FY2022−$16K
FY2023−$16K
FY2024−$16K
FY2024−$16K
Expenses
$7K
FY2022▼ -59%
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$16K
FY2022$7K
FY2023$9K
FY2024$9K
FY2024$10K
Net assets
$788K
FY2022▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$842K
FY2021$810K
FY2022$788K
FY2023$763K
FY2024$738K
FY2024$712K

From the FY2022 Form 990 (year ending September 2022) · see the original

Form 990 (PDF) Claim
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 Jul 2013.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $7K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See River Foundation INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Encourages donations to improve the well-being of individuals with intellectual and developmental disabilities.

Provided by the organization

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1 program · $7K · in their own filed words · FY2021
01

To enhance the well being of individuals with intellectual and developmental disabilities.

$7Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
−$16K
Ln 12
Money outPt IX
$7K
Ln 25
Programscol B$7K
Owns and owesPt X
$788K
net assets · Ln 32
Cash and savingsLn 1–2$287K
Total assetsLn 16$788K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Total revenueLn 12−$16K
Assets in detailPt X, end of year
CashLn 1$287K
Cash and savings togetherLn 1–2$287K
Land, buildings, equipmentLn 10c$501K
Total assetsLn 16$788K
LiabilitiesLn 26$0
Net assetsLn 32$788K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderSeptember
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$294K$287K
Land, buildings, equipmentLn 10c$516K$501K
Total assetsLn 16$810K$788K
LiabilitiesLn 26$0$0
Net assetsLn 32$810K$788K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$7K$7K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 −$16K$9K−$25K$738K 990 PDF
FY2023 −$16K$9K−$25K$763K 990 PDF
FY2022 Viewing −$16K$7K−$22K$788K 990 PDF
FY2021 −$15K$16K−$32K$810K 990 PDF
FY2020 −$42K$0−$42K$842K 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 −$15,534 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $68$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year −$15,534−$15,534
I-12 Total revenuePrior year −$15,466−$15,534
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $16,035$6,521
I-18 Total expensesPrior year $16,035$6,521
I-19 Revenue less expensesPrior year −$31,501−$22,055
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue −$15,534 across 2 lines filed
VIII-6 Net rental income or lossRelated to mission −$15,534−$15,534
VIII-12 Total revenueRelated to mission −$15,534−$15,534
Part IX · Statement of functional expenses $6,521 across 2 lines filed
IX-23 InsurancePrograms $4,271$4,271
IX-24 Other expenses (24a–d)Programs $2,250$2,250
IX-25 Total functional expensesPrograms $6,521 · Management $0 · Fundraising $0$6,521
Part X · Balance sheet $787,995 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $293,640$287,119
X-10c Land, buildings and equipment, netStart of year $516,410$500,876
X-16 Total assetsStart of year $810,050$787,995
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $810,050$787,995
X-32 Total net assets or fund balancesStart of year $810,050$787,995
X-33 Total liabilities and net assetsStart of year $810,050$787,995
Part XI · Reconciliation of net assets $787,995 net assets at year end
XI-1 Total revenue−$15,534
XI-2 Total expenses$6,521
XI-3 Revenue less expenses−$22,055
XI-4 Net assets at start of year$810,050
XI-10 Net assets at end of year$787,995

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

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