Riverviews FY2020 filing
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Provides local artists with space for galleries and classrooms. For fiscal year 2020 it reported $283K in revenue, $317K in expenses, and $1.4M in net assets.Pt I
Summary of the Filing
Where the work happens
Located, purchased, and renovated an historic building. Rented spaces to local artists for studios, residential and classrooms.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Tracey Langseth’s $76K as Executive Director is at the 71st percentile of top reported officer pay among 2213 $100K–1M arts & culture 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
| Name | FY2025 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Tracey Langseth | $75,750 | $48,000 | — | — | — |
| Kimberly Soerensen | — | — | $57,770 | $53,000 | $53,000 |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 80% | — | — |
| Overhead ratio | 11% | — | — |
| Fundraising cost ratio | 11% | — | — |
| Legal fee ratio | 1% | — | — |
| Accounting fee ratio | 2% | — | — |
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
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