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Riverworks FY2024 filing

Tax-deductible

Rockford, MN501(c)(3)Human Services EIN 26-4143579Revenue $1.3M in FY2024

On file with the IRSriverworksonline.org8230 Cedar St, 55373-9506 · Rockford, MNTax-exempt since Jun 2009Publicly supported charity — 170(b)(1)(A)(vi)

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To align and mobilize community resources to deliver powerful solutions to meet needs of people connected with the rockford/greenfield area.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$44K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $48K a year · 4% 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
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$44K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$83K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+47% vs prior year
Spent
$1.2M
To programs
90%
Net assets
$136K
By yearFY2021–FY2025
Revenue
$1.3M
FY2024▲ +47%
Tap a bar for its year
Revenue by fiscal year
FY2021$804K
FY2022$712K
FY2023$861K
FY2024$1.3M
FY2025$1.7M
Expenses
$1.2M
FY2024▲ +36%
Tap a bar for its year
Expenses by fiscal year
FY2021$667K
FY2022$786K
FY2023$909K
FY2024$1.2M
FY2025$1.5M
Net assets
$136K
FY2024▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2021$219K
FY2022$145K
FY2023$103K
FY2024$136K
FY2025$280K

From the FY2024 Form 990 (year ending May 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2009.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $1.1M Management & general 5% · $62K Fundraising 5% · $62K

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

6 people listed on the 990; $44K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Denise Kesanen
Executive Di
$44,021Pt VII · Sec A
Mike Dickman
Treasurer
$0Pt VII · Sec A
Brian Howe
Chairperson/
$0Pt VII · Sec A
$0Pt VII · Sec A
Daryl Macclain
Vice-Chairpe
$0Pt VII · Sec A
$0Pt VII · Sec A

Denise Kesanen’s $45K as Executive Director is at the 4th 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022
Denise Kesanen$44,995$44,021$42,007$41,891

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 15aNo

Programs and updates

Connects community resources to solve local needs.

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Provided by the organization

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3 programs · $1.1M · in their own filed words · FY2023
01

The riverworks thrift store opened in january 2012 at the rockford mall located at 8900 walnut drive. In march of 2017 the store relocated to the greenfield mall at 7945 highway 55. The store sells clothing, furniture, kitchen and housewares, toys, books and more.

$765Kprogram expense
02

Food shelf opened in march of 2010 at 8230 cedar street, rockford, MN. In 2023 - 2024 the food shelf distributed 193,300 pounds of food to 1,710 households. The foodshelf has one full-time employee.

$285Kprogram expense
03

Community building events and programs include thousand hearts crow river serve, lunch box express, good eats by riverworks, golden neighbors lunch club, crow river christmas & national night out. These projects are done for the sole purpose of bringing the community together and to identify and provide services where needed.

$59Kprogram 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 · FY2025
Bentson FoundationFY2025$20K
Total grants receivedfrom 1 funder$20K
Grants paid · 1 grant · $14K · 2024–2024
Unitemized GrantFY2024$14,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$740K
Fees for servicesLn 2g$439K
Other incomeLn 4–11$84K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$62K
Fundraisingcol D$62K
Owns and owesPt X
$136K
net assets · Ln 32
Cash and savingsLn 1–2$46K
Total assetsLn 16$218K
LiabilitiesLn 26$83K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$740K
Noncash giftsLn 1g$578K
Fees for servicesLn 2g$439K
Investment incomeLn 3$2K
Other incomeLn 4–11$84K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$46K
Cash and savings togetherLn 1–2$46K
Land, buildings, equipmentLn 10c$160K
Other assetsLn 15$5K
Total assetsLn 16$218K
LiabilitiesLn 26$83K
Net assetsLn 32$136K
OperationsPt I, VI
EmployeesI 519
VolunteersI 675
Fiscal year endsHeaderMay
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$88K$46K
Land, buildings, equipmentLn 10c$19K$160K
Total assetsLn 16$112K$218K
LiabilitiesLn 26$9K$83K
Net assetsLn 32$103K$136K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$279K$218K$33K$27K
Other employee benefitsLn 9$10K$4K$6K
Payroll taxesLn 10$82K$66K$9K$7K
Accounting feesLn 11c$6K$2K$4K
Other fees for servicesLn 11g$7K$7K
Advertising and promotionLn 12$20K$14K$6K
Office expensesLn 13$22K$19K$335$2K
OccupancyLn 16$140K$138K$2K$450
TravelLn 17$11K$5K$742$5K
InsuranceLn 23$8K$4K$4K
Other expenses (24a–d)Ln 24$629K$629K
All other expensesLn 24e$18K$6K$4K$7K
Total functional expensesLn 25$1.2M$1.1M$62K$62K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.7M$1.5M$190K$280K 990 PDF
FY2024 Viewing $1.3M$1.2M$33K$136K 990 PDF
FY2023 $861K$909K−$47K$103K 990 PDF
FY2022 $712K$786K−$74K$145K 990 PDF
FY2021 $804K$667K$137K$219K 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 M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,264,368 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $505,477$739,662
I-9 Program service revenuePrior year $280,763$438,579
I-10 Investment incomePrior year $485$1,973
I-11 Other revenuePrior year $74,590$84,154
I-12 Total revenuePrior year $861,315$1,264,368
I-13 Grants and similar amounts paidPrior year $4,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $295,788$370,467
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $608,797$861,353
I-18 Total expensesPrior year $908,585$1,231,820
I-19 Revenue less expensesPrior year −$47,270$32,548
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $1,264,368 across 8 lines filed
VIII-1f All other contributions, gifts and grants$739,662
VIII-1g Noncash contributions (included above)$578,438
VIII-1h Total contributions, gifts and grants$739,662
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $438,579$438,579
VIII-3 Investment incomeRelated to mission $1,973$1,973
VIII-8 Net income from fundraising events$15,792
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $68,362$68,362
VIII-12 Total revenueRelated to mission $508,914$1,264,368
Part IX · Statement of functional expenses $1,231,820 across 12 lines filed
IX-7 Other salaries and wagesPrograms $218,318 · Management $32,808 · Fundraising $27,399$278,525
IX-9 Other employee benefitsManagement $4,162 · Fundraising $6,158$10,320
IX-10 Payroll taxesPrograms $65,764 · Management $9,078 · Fundraising $6,780$81,622
IX-11c Accounting feesPrograms $2,250 · Management $3,945$6,195
IX-11g Other fees for servicesPrograms $7,081$7,081
IX-12 Advertising and promotionPrograms $13,881 · Fundraising $6,267$20,148
IX-13 Office expensesPrograms $19,213 · Management $335 · Fundraising $2,181$21,729
IX-16 OccupancyPrograms $137,659 · Management $2,058 · Fundraising $450$140,167
IX-17 TravelPrograms $5,023 · Management $742 · Fundraising $5,368$11,133
IX-23 InsurancePrograms $4,423 · Management $3,924$8,347
IX-24 Other expenses (24a–d)Programs $629,015$629,015
IX-24e All other expensesPrograms $6,008 · Management $4,469 · Fundraising $7,061$17,538
IX-25 Total functional expensesPrograms $1,108,635 · Management $61,521 · Fundraising $61,664$1,231,820
Part X · Balance sheet $218,113 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $87,524$46,495
X-9 Prepaid expenses and deferred chargesStart of year $4,595$6,350
X-10c Land, buildings and equipment, netStart of year $19,489$160,023
X-15 Other assets$5,245
X-16 Total assetsStart of year $111,608$218,113
X-17 Accounts payable and accrued expensesStart of year $8,635$10,092
X-24 Unsecured notes and loans payable$72,500
X-26 Total liabilitiesStart of year $8,635$82,592
X-32 Total net assets or fund balancesStart of year $102,973$135,521
X-33 Total liabilities and net assetsStart of year $111,608$218,113
Part XI · Reconciliation of net assets $135,521 net assets at year end
XI-1 Total revenue$1,264,368
XI-2 Total expenses$1,231,820
XI-3 Revenue less expenses$32,548
XI-4 Net assets at start of year$102,973
XI-10 Net assets at end of year$135,521

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

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