Rock River Development Partnership INC FY2022 filing

Tax-deductible

Rockford, IL501(c)(3)Community DevelopmentEIN 27-1153597Revenue $521K in FY2022

On file with the IRSrrdp.orgPo Box 4244, 61110-0744 · Rockford, ILTax-exempt since Feb 2011Publicly supported charity — 170(b)(1)(A)(vi)

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To organize and coordinate redevelopment efforts within the city of rockford.

501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
$63K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
2 of 5
filings with a surplus
Average deficit $108K a year · 16% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$63K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $46K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.6M
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$521K
+0.2% vs prior year
Spent
$804K
To programs
56%
Net assets
$3.4M
By yearFY2020–FY2024
Revenue
$521K
FY2022+0.2%
Tap a bar for its year
Revenue by fiscal year
FY2020$789K
FY2021$520K
FY2022$521K
FY2023$594K
FY2024$1.0M
Expenses
$804K
FY2022▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$667K
FY2021$736K
FY2022$804K
FY2023$805K
FY2024$980K
Net assets
$3.4M
FY2022▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.9M
FY2021$4.0M
FY2022$3.4M
FY2023$2.8M
FY2024$4.2M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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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 Feb 2011.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $453K Management & general 39% · $310K Fundraising 5% · $40K

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

7 people listed on the 990; $63K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$63,003Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Rebecca Bartles’s $54K as Executive Director Until April 2024 is at the 5th percentile of top reported officer pay among 2832 $1–10M community 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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Catherine McDermott$32,682$63,003$63,003$63,003$64,214
Rebecca Bartles$54,132————

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 Rock River Development Partnership 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

Coordinates redevelopment efforts to improve the city.

Questions for Rock River Development Partnership INC

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Provided by the organization

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1 program · $453K · in their own filed words · FY2022
01

Our markets bring business and customers together to enrich the community, business, and revive the historic downtown area.

$453Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$46K
Grants paid · 2 grants · $200K · 2024–2024
City of RockfordFY2024$170,951

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$521K
Ln 12
Fees for servicesLn 2g$292K
Gifts and grantsLn 1h$127K
Other incomeLn 4–11$56K
Money outPt IX
$804K
Ln 25
Programscol B$453K
Managementcol C$310K
Fundraisingcol D$40K
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$110K
Total assetsLn 16$8.9M
LiabilitiesLn 26$5.6M
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$127K
Fees for servicesLn 2g$292K
Investment incomeLn 3$45K
Other incomeLn 4–11$56K
Total revenueLn 12$521K
Assets in detailPt X, end of year
CashLn 1$110K
Cash and savings togetherLn 1–2$110K
InvestmentsLn 11–13$316K
Other assetsLn 15$1.7M
Total assetsLn 16$8.9M
LiabilitiesLn 26$5.6M
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 513
VolunteersI 6289
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 FY22End FY22
Cash and savingsLn 1–2$183K$110K
InvestmentsLn 11–13$786K$316K
Total assetsLn 16$7.9M$8.9M
LiabilitiesLn 26$3.9M$5.6M
Net assetsLn 32$4.0M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$63K$19K$32K$13K
Other salaries and wagesLn 7$121K$36K$61K$24K
Other employee benefitsLn 9$634$634
Payroll taxesLn 10$16K$5K$8K$3K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$58K$58K
Office expensesLn 13$18K$9K$9K
Information technologyLn 14$8K$4K$4K
OccupancyLn 16$182K$91K$91K
TravelLn 17$1K$1K
InterestLn 20$161K$161K
Other expenses (24a–d)Ln 24$128K$128K
All other expensesLn 24e$42K$42K
Total functional expensesLn 25$804K$453K$310K$40K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.0M$980K$45K$4.2M 990 PDF
FY2023 $594K$805K−$211K$2.8M 990 PDF
FY2022 Viewing $521K$804K−$283K$3.4M 990 PDF
FY2021 $520K$736K−$216K$4.0M 990 PDF
FY2020 $789K$667K$122K$3.9M 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 $520,969 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $193,435$127,491
I-9 Program service revenuePrior year $254,263$292,185
I-10 Investment incomePrior year $45,308$45,308
I-11 Other revenuePrior year $26,926$55,985
I-12 Total revenuePrior year $519,932$520,969
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $181,720$200,878
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $554,256$602,690
I-18 Total expensesPrior year $735,976$803,568
I-19 Revenue less expensesPrior year −$216,044−$282,599
Part VI · Governance 4 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
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 $520,969 across 5 lines filed
Lines not itemized here account for $55,985 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$127,491
VIII-1h Total contributions, gifts and grants$127,491
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $292,185$292,185
VIII-3 Investment incomeExcluded from tax $45,308$45,308
VIII-12 Total revenueRelated to mission $292,185 · Unrelated business $0 · Excluded from tax $101,293$520,969
Part IX · Statement of functional expenses $803,568 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $18,901 · Management $31,502 · Fundraising $12,601$63,004
IX-7 Other salaries and wagesPrograms $36,366 · Management $60,610 · Fundraising $24,244$121,220
IX-9 Other employee benefitsManagement $634$634
IX-10 Payroll taxesPrograms $4,806 · Management $8,010 · Fundraising $3,204$16,020
IX-11b Legal feesManagement $4,380$4,380
IX-11c Accounting feesManagement $57,955$57,955
IX-13 Office expensesPrograms $8,965 · Management $8,965$17,930
IX-14 Information technologyPrograms $4,229 · Management $4,229$8,458
IX-16 OccupancyPrograms $90,842 · Management $90,842$181,684
IX-17 TravelManagement $1,294$1,294
IX-20 InterestPrograms $160,962$160,962
IX-24 Other expenses (24a–d)Programs $128,217$128,217
IX-24e All other expensesManagement $41,810$41,810
IX-25 Total functional expensesPrograms $453,288 · Management $310,231 · Fundraising $40,049$803,568
Part X · Balance sheet $8,937,636 assets, 10 lines filed
Asset lines not itemized here account for $4,530,800; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $182,707$110,020
X-3 Pledges and grants receivableStart of year $2,379,822$2,292,146
X-12 Other securitiesStart of year $785,796$316,472
X-15 Other assetsStart of year $0$1,688,198
X-16 Total assetsStart of year $7,879,125$8,937,636
X-17 Accounts payable and accrued expensesStart of year $115,806$194,435
X-25 Other liabilitiesStart of year $63,713$1,768,900
X-26 Total liabilitiesStart of year $3,876,226$5,573,351
X-32 Total net assets or fund balancesStart of year $4,002,899$3,364,285
X-33 Total liabilities and net assetsStart of year $7,879,125$8,937,636
Part XI · Reconciliation of net assets $3,364,285 net assets at year end
XI-1 Total revenue$520,969
XI-2 Total expenses$803,568
XI-3 Revenue less expenses−$282,599
XI-4 Net assets at start of year$4,002,899
XI-5 Net unrealized gains (losses) on investments−$469,324
XI-9 Other changes in net assets$113,309
XI-10 Net assets at end of year$3,364,285

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

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