River Arts INC EIN 39-1900239 Form 990 (PDF) Claim this org

River Arts INC FY2024 filing

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Inspires, enriches, and educates the community through the arts. For fiscal year 2024 it reported $266K in revenue, $254K in expenses, and $622K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
PR Du Sac, WI
Website
www.riverartsinc.org
Filings
5 on file (2021–2024)
Revenue
$266KFY2024
Expenses
$254K
Net assets
$622K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  39-1900239 Public charity (501(c)(3)) PR Du Sac, WI
Form 990 (PDF)
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Size
$100K–1M
What they do
Inspires, enriches, and educates the community through the arts.
Leadership
Nicole Fisher · President
Money in and out
$266K revenue, $254K expenses
Bottom line
81% program efficiency
Where the money goes · FY2024
Total revenue
$266K
Pt VIII · Ln 12
Total expenses
$254K
Pt IX · Ln 25
Net assets
$622K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $12K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.18 Fundraising $0.01
Program efficiency
81%
of spending reaches programs
Operating runway
13.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$266K
FY2024▲ +14%
Expenses
$254K
FY2024▼ -50%
Total assets
$651K
FY2024▼ -4%
Total liabilities
$30K
FY2024▼ -68%
Total revenue
$266K
Pt VIII · Ln 12
Total expenses
$254K
Pt IX · Ln 25
Net assets
$622K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$12K
Total assetsPt X · Ln 16$651K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $207K of program spending, described in the organization's own filed words · FY2023.
01

To provide artistic performances and artistic exhibits.

$137Kprogram expense
02

To provide a place for artists to perform and sell their products.

$58Kprogram expense
03

To provide arts education for all ages

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRiver Arts INC
EINHdr · item D39-1900239
Principal addressHdr · item CPR Du Sac, WI
WebsiteHdr · item Jwww.riverartsinc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A600)
Ruling yearIRS BMFApr 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$158K · 59%
Program service revenue$67K · 25%
Other revenue$37K · 14%
Investment income$4K · 2%
Contributions & grants59%$158K
Program service revenue25%$67K
Other revenue14%$37K
Investment income2%$4K
— government grantsLn 1e$8K
Total revenueLn 12$266K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.18 Fundraising $0.01
Program services81%$207K
Management & general18%$45K
Fundraising1%$3K
Total functional expensesLn 25$254K

Balance Sheet

Part X · end of year
CashLn 1$73K
Total assetsLn 16$651K
Total liabilitiesLn 26$30K
Total net assetsLn 32$622K
Months of cash on handcomputed3.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $293K · Operating expenses/yr $254K
13.8 months
Where the money goes
Program services
Program services $207K · Total expenses $254K
81%
Management & General
Management & general $45K · Total expenses $254K
18%
Fundraising
Fundraising $3K · Total expenses $254K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $121K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $158K · Total revenue $266K
59%
Government reliance
Government grants $8K · Total revenue $266K
3%
Earned-income share
Program service revenue $67K · Total revenue $266K
25%
Investment reliance
Investment income $4K · Total revenue $266K
+2%
Program self-sufficiency
Program service revenue $67K · Total expenses $254K
26%
Growth & trend
Revenue growth (YoY)
This year $266K · Prior year $234K
+14%
Net-asset trend (YoY)
End of year $622K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $266K · Expenses $254K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $651K
Net-asset ratio
Net assets $622K · Total assets $651K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $221K · Total assets (Pt X, ln 16) $651K
34%
People & payroll
Highest Reported Total Compensation
Individual Nicole Fisher · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $254K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $133K · Total expenses $254K
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 18%
Fundraising cost ratio 2%
Revenue growth 14%
Accounting fee ratio 0.9%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $272K · 2022–2022
Sauk Prairie School DistrictFY2022$272,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$228K revenue · ⤓ 990 PDF
FY2024$266K revenue · viewing · ⤓ 990 PDF
FY2023$234K revenue · ⤓ 990 PDF
FY2022$236K revenue · ⤓ 990 PDF
FY2021$288K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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