River Valley Rescources INC FY2020 filing

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Developing a competitive workforce through collaboration and innovative services for individuals, employers, and communities.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$109K 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

FY2020 · 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
6 of 6
filings with a surplus
Average surplus $229K a year · 4% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$109K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $78K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$206K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.2M
Spent
$4.2M
To programs
94%
Net assets
$2.1M
By yearFY2020–FY2025
Revenue
$4.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.2M
FY2021$4.7M
FY2022$5.8M
FY2023$5.5M
FY2024$6.6M
FY2025$8.5M
Expenses
$4.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.2M
FY2021$4.3M
FY2022$5.7M
FY2023$5.3M
FY2024$6.3M
FY2025$8.4M
Net assets
$2.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.5M
FY2022$2.6M
FY2023$2.9M
FY2024$3.3M
FY2025$3.4M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Jul 1991.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $3.9M Management & general 6% · $263K

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

9 people listed on the 990; $109K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$108,888Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Margo Olson’s $110K as Chief Executive Officer is at the 34th percentile of top reported officer pay among 1245 $1–10M employment 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Margo Olson$110,083$118,259$107,746$104,573$107,118$108,888
Konnie McCollum$97,617—————
Beverly Smith$57,945$94,353————
Walter Wood—$65,869————

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 River Valley Rescources INC 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 15aNo

Programs and updates

Prepares youth and adults for jobs and helps disadvantaged people become self-sufficient.

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3 programs · $3.4M · in their own filed words · FY2019
01

The workforce innovation and opportunity act (wioa) offers staff-assisted services to adults and dislocated workers who may have barriers to employment, be unemployed, or underemployed to succeed in the labor market.

$1.4Mprogram expense
02

River valley resources' adult education programs provide math, reading, and writing instruction free of charge to help adults acquire the skills needed to earn a high school equivalency diploma, go to college, or enter an entry-level occupational certification program.

$1.1Mprogram expense
03

The yas program is an individualized program that meets the needs and interests of each youth funded by the workforce innovation and opportunity act, jag, and yes funds. Youth work with a youth career advisor to identify their skill sets and interests and utilize that information to develop a plan for education and employment.

$994Kprogram 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 · FY2025
See all 3 funders →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $4.3M federal money spent
Temporary Assistance for Needy FamiliesDepartment of Health and Human Services · ALN 93.558 · Through Southeast Indiana Workforce Investment Board$1.3M
Senior Community Service Employment ProgramDepartment of Labor · ALN 17.235 · Through Southeast Indiana Workforce Investment Board$929K
Wioa Dislocated Worker Formula GrantsDepartment of Labor · ALN 17.278 · Through Southeast Indiana Workforce Investment Board$444K
Wioa Youth ActivitiesDepartment of Labor · ALN 17.259 · Through Southeast Indiana Workforce Investment Board$370K
Wioa Adult ProgramDepartment of Labor · ALN 17.258 · Through Southeast Indiana Workforce Investment Board$312K

Plus 8 smaller programs.

The auditor reported no findings.

Year ending Jun 2024 · $2.9M federal money spent
Temporary Assistance for Needy FamiliesDepartment of Health and Human Services · ALN 93.558 · Through Southeast Indiana Workforce Investment Board$522K
Wioa Dislocated Worker Formula GrantsDepartment of Labor · ALN 17.278 · Through Southeast Indiana Workforce Investment Board$436K
Wioa Adult ProgramDepartment of Labor · ALN 17.258 · Through Southeast Indiana Workforce Investment Board$412K
Adult Education - Basic Grants to StatesDepartment of Education · ALN 84.002 · Through Indiana Department of Workforce Development$389K
Wioa Youth ActivitiesDepartment of Labor · ALN 17.259 · Through Southeast Indiana Workforce Investment Board$357K

Plus 7 smaller programs.

The auditor reported no findings.

Year ending Jun 2023 · $3.4M federal money spent
Adult Education - Basic Grants to StatesDepartment of Education · ALN 84.002 · Through Indiana Department of Workforce Development$1.1M
Wia Adult ProgramDepartment of Labor · ALN 17.128 · Through Southeast Indiana Workforce Investment Board$507K
Wia Youth ActivitiesDepartment of Labor · ALN 17.259 · Through Southeast Indiana Workforce Investment Board$446K
Workforce Investment Act (wia) National Emergency GrantsDepartment of Labor · ALN 17.277 · Through Southeast Indiana Workforce Investment Board$394K
Wia Dislocated Worker Formula GrantsDepartment of Labor · ALN 17.278 · Through Southeast Indiana Workforce Investment Board$264K

Plus 6 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $2.5M federal money spent
Workforce Investment Act (wia) National Emergency GrantsDepartment of Labor · ALN 17.277 · Through Southeast Indiana Workforce Investment Board$478K
Wia Adult ProgramDepartment of Labor · ALN 17.258 · Through Southeast Indiana Workforce Investment Board$391K
Wia Dislocated Worker Formula GrantsDepartment of Labor · ALN 17.278 · Through Southeast Indiana Workforce Investment Board$336K
Wia Youth ActivitiesDepartment of Labor · ALN 17.259 · Through Southeast Indiana Workforce Investment Board$294K
Adult Education - Basic Grants to StatesDepartment of Education · ALN 84.002 · Through Indiana Department of Workforce Development$283K

Plus 6 smaller programs.

The auditor reported no findings.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.2M
Ln 12
Gifts and grantsLn 1h$4.2M
Other incomeLn 4–11$23K
Investment incomeLn 3$151
Money outPt IX
$4.2M
Ln 25
Programscol B$3.9M
Managementcol C$263K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$596K
Total assetsLn 16$2.3M
LiabilitiesLn 26$206K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.2M
Government grantsLn 1e$3.0M
Investment incomeLn 3$151
Other incomeLn 4–11$23K
Total revenueLn 12$4.2M
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$593K
Cash and savings togetherLn 1–2$596K
Pledges and grants receivableLn 3$545K
Accounts receivableLn 4$105
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$2.3M
LiabilitiesLn 26$206K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 5191
VolunteersI 623
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$282K$596K
Land, buildings, equipmentLn 10c$1.2M$1.1M
Total assetsLn 16$2.3M$2.3M
LiabilitiesLn 26$274K$206K
Net assetsLn 32$2.0M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$119K$114K$5K
Other salaries and wagesLn 7$2.6M$2.5M$115K
Other employee benefitsLn 9$358K$339K$19K
Payroll taxesLn 10$208K$198K$10K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$23K$23K
Other fees for servicesLn 11g$9K$2K$7K
Office expensesLn 13$217K$192K$25K
OccupancyLn 16$90K$56K$34K
TravelLn 17$49K$49K$191
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$467K$461K$6K
Total functional expensesLn 25$4.2M$3.9M$263K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $8.5M$8.4M$101K$3.4M 990 PDF
FY2024Filed with the IRS May 7, 2025 $6.6M$6.3M$376K$3.3M 990 PDF
FY2023Filed with the IRS Apr 19, 2024 $5.5M$5.3M$282K$2.9M 990 PDF
FY2022Filed with the IRS Apr 23, 2023 $5.8M$5.7M$115K$2.6M 990 PDF
FY2021Filed with the IRS Apr 25, 2022 $4.7M$4.3M$420K$2.5M 990 PDF
FY2020 ViewingFiled with the IRS May 4, 2021 $4.2M$4.2M$82K$2.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $4,237,560 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,859,472$4,214,693
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$151
I-11 Other revenuePrior year $19,336$22,716
I-12 Total revenuePrior year $4,878,808$4,237,560
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 $3,282,661$3,281,933
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,558,373$873,294
I-18 Total expensesPrior year $4,841,034$4,155,227
I-19 Revenue less expensesPrior year $37,774$82,333
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $4,237,560 across 6 lines filed
VIII-1e Government grants$2,953,921
VIII-1f All other contributions, gifts and grants$1,260,772
VIII-1h Total contributions, gifts and grants$4,214,693
VIII-3 Investment incomeExcluded from tax $151$151
VIII-6 Net rental income or lossRelated to mission $22,716$22,716
VIII-12 Total revenueRelated to mission $22,716 · Unrelated business $0 · Excluded from tax $151$4,237,560
Part IX · Statement of functional expenses $4,155,227 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $113,803 · Management $5,265$119,068
IX-7 Other salaries and wagesPrograms $2,481,657 · Management $114,810$2,596,467
IX-9 Other employee benefitsPrograms $338,995 · Management $19,284$358,279
IX-10 Payroll taxesPrograms $197,680 · Management $10,439$208,119
IX-11b Legal feesManagement $3,624$3,624
IX-11c Accounting feesManagement $23,154$23,154
IX-11g Other fees for servicesPrograms $2,026 · Management $6,951$8,977
IX-13 Office expensesPrograms $191,657 · Management $25,268$216,925
IX-16 OccupancyPrograms $56,193 · Management $34,278$90,471
IX-17 TravelPrograms $49,042 · Management $191$49,233
IX-23 InsuranceManagement $13,908$13,908
IX-24 Other expenses (24a–d)Programs $460,848 · Management $6,154$467,002
IX-25 Total functional expensesPrograms $3,891,901 · Management $263,326 · Fundraising $0$4,155,227
Part X · Balance sheet $2,268,429 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,200$2,200
X-2 Savings and temporary cash investmentsStart of year $279,810$593,404
X-3 Pledges and grants receivableStart of year $764,505$544,899
X-4 Accounts receivableStart of year $45,488$105
X-10c Land, buildings and equipment, netStart of year $1,162,743$1,127,821
X-16 Total assetsStart of year $2,254,746$2,268,429
X-17 Accounts payable and accrued expensesStart of year $206,662$149,623
X-23 Secured mortgages and notes payableStart of year $67,811$56,200
X-26 Total liabilitiesStart of year $274,473$205,823
X-27 Net assets without donor restrictionsStart of year $1,849,453$1,896,176
X-28 Net assets with donor restrictionsStart of year $130,820$166,430
X-32 Total net assets or fund balancesStart of year $1,980,273$2,062,606
X-33 Total liabilities and net assetsStart of year $2,254,746$2,268,429
Part XI · Reconciliation of net assets $2,062,606 net assets at year end
XI-1 Total revenue$4,237,560
XI-2 Total expenses$4,155,227
XI-3 Revenue less expenses$82,333
XI-4 Net assets at start of year$1,980,273
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,062,606

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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