River Heritage Conservancy creates, maintains, and preserves parklands along the ohio River to serve regional recreational and environmental needs in the southern indiana and louisville metro area. In 2018, the Conservancy: acquired planning control of more than 300 acres for the initial origin park" site; secured a collaborative planning agreement with five public agencies; assessed regional recreation needs; and completed initial environmental studies. The landscape architecture firm olin completed a master plan in 2019; more than 30 meetings introduced the plan to the public during the following year. The Conservancy raised over $700,000 to build the park's first amenity, the silver creek blueway, designed in 2021 by joseph & joseph + bravura for construction in 2022.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
$170K 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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FY2023 · 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
5 of 5
filings with a surplus
Average surplus $5.1M a year · 81% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$170K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
39 mo
of spending, in cash
Looks good: 38.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$279K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
-66% vs prior year
Spent
$1.3M
To programs
64%
Net assets
$20.0M
By yearFY2020–FY2024
Revenue
$2.1M
FY2023▼ -66%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.4M
FY2021$2.2M
FY2022$6.3M
FY2023$2.1M
FY2024$16.5M
Expenses
$1.3M
FY2023▲ +37%
Tap a bar for its year
Expenses by fiscal year
FY2020$460K
FY2021$656K
FY2022$934K
FY2023$1.3M
FY2024$2.6M
Net assets
$20.0M
FY2023▲ +38%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.7M
FY2021$9.2M
FY2022$14.5M
FY2023$20.0M
FY2024$33.9M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Jun 2018.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $826K Management & general 25% · $323K Fundraising 10% · $132K

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

15 people listed on the 990; $170K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$170,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Dennis Schnurbusch’s $214K as CEO is at the 21st percentile of top reported officer pay among 290 $10–100M recreation & sports 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Dennis Schnurbusch$213,980————
Scott Martin———$192,938$176,323
Susan Rademacher$80,167$170,000$170,000——
Kevin Beck$123,864————
Douglas E Scott——$105,000——

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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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

Preserves parklands along the Ohio River for recreation and environmental needs.

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Provided by the organization

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1 program · $826K · in their own filed words · FY2023
01

With an expanded team of five full-time employees and a volunteer board of directors, river heritage conservancy (RHC) advanced both the size and scope of origin park while activating areas for public access and programming through partnerships with local organizations.

$826Kprogram 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
Total grants receivedfrom 1 funder$9K
Grants paid · 1 grant · $15K · 2021–2021

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$1.6M
Other incomeLn 4–11$476K
Investment incomeLn 3$90K
Money outPt IX
$1.3M
Ln 25
Programscol B$826K
Managementcol C$323K
Fundraisingcol D$132K
Owns and owesPt X
$20.0M
net assets · Ln 32
Cash and savingsLn 1–2$4.2M
Total assetsLn 16$20.3M
LiabilitiesLn 26$279K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$800K
Investment incomeLn 3$90K
Other incomeLn 4–11$476K
Gains on assetsLn 7$114
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$221K
SavingsLn 2$3.9M
Cash and savings togetherLn 1–2$4.2M
InvestmentsLn 11–13$8K
Land, buildings, equipmentLn 10c$6.9M
Other assetsLn 15$5.8M
Total assetsLn 16$20.3M
LiabilitiesLn 26$279K
Net assetsLn 32$20.0M
OperationsPt I, VI
EmployeesI 52
VolunteersI 614
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$5.7M$4.2M
InvestmentsLn 11–13$0$8K
Land, buildings, equipmentLn 10c$9.1M$6.9M
Total assetsLn 16$14.8M$20.3M
LiabilitiesLn 26$255K$279K
Net assetsLn 32$14.5M$20.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6K$6K
Other salaries and wagesLn 7$416K$208K$125K$83K
Pension plan contributionsLn 8$19K$10K$6K$4K
Other employee benefitsLn 9$35K$18K$11K$7K
Payroll taxesLn 10$31K$16K$9K$6K
Legal feesLn 11b$42K$42K
Accounting feesLn 11c$56K$56K
Professional fundraising feesLn 11e$4K$4K
Other fees for servicesLn 11g$374K$368K$6K
Advertising and promotionLn 12$136K$136K
Office expensesLn 13$23K$23K
OccupancyLn 16$72K$60K$12K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$54K$27K$28K
Total functional expensesLn 25$1.3M$826K$323K$132K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $16.5M$2.6M$13.9M$33.9M 990 PDF
FY2023 Viewing $2.1M$1.3M$854K$20.0M 990 PDF
FY2022 $6.3M$934K$5.3M$14.5M 990 PDF
FY2021 $2.2M$656K$1.5M$9.2M 990 PDF
FY2020 $4.4M$460K$3.9M$7.7M 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 J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $2,135,564 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,216,336$1,569,269
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $39,858$90,183
I-11 Other revenuePrior year $8,367$476,112
I-12 Total revenuePrior year $6,264,561$2,135,564
I-13 Grants and similar amounts paidPrior year $2,600$6,215
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $371,173$501,438
I-16a Professional fundraising feesPrior year $18,100$4,400
I-17 Other expensesPrior year $541,797$769,897
I-18 Total expensesPrior year $933,670$1,281,950
I-19 Revenue less expensesPrior year $5,330,891$853,614
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $2,135,564 across 8 lines filed
VIII-1e Government grants$800,000
VIII-1f All other contributions, gifts and grants$769,269
VIII-1h Total contributions, gifts and grants$1,569,269
VIII-3 Investment incomeExcluded from tax $90,069$90,069
VIII-6 Net rental income or lossExcluded from tax $4,200$4,200
VIII-7 Net gain or loss on sales of assetsExcluded from tax $114$114
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $471,912$471,912
VIII-12 Total revenueRelated to mission $471,912 · Unrelated business $0 · Excluded from tax $94,383$2,135,564
Part IX · Statement of functional expenses $1,281,950 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $6,215$6,215
IX-7 Other salaries and wagesPrograms $207,961 · Management $124,776 · Fundraising $83,184$415,921
IX-8 Pension plan contributionsPrograms $9,533 · Management $5,720 · Fundraising $3,813$19,066
IX-9 Other employee benefitsPrograms $17,624 · Management $10,574 · Fundraising $7,050$35,248
IX-10 Payroll taxesPrograms $15,601 · Management $9,361 · Fundraising $6,241$31,203
IX-11b Legal feesManagement $41,541$41,541
IX-11c Accounting feesManagement $56,021$56,021
IX-11e Professional fundraising feesFundraising $4,400$4,400
IX-11g Other fees for servicesPrograms $367,960 · Management $6,042$374,002
IX-12 Advertising and promotionPrograms $136,232$136,232
IX-13 Office expensesManagement $22,598$22,598
IX-16 OccupancyPrograms $59,578 · Management $11,951$71,529
IX-22 Depreciation, depletion and amortizationManagement $8,074$8,074
IX-23 InsurancePrograms $5,692$5,692
IX-24 Other expenses (24a–d)Management $26,510 · Fundraising $27,698$54,208
IX-25 Total functional expensesPrograms $826,396 · Management $323,168 · Fundraising $132,386$1,281,950
Part X · Balance sheet $20,271,308 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $12,937$220,553
X-2 Savings and temporary cash investmentsStart of year $5,692,118$3,929,637
X-3 Pledges and grants receivableStart of year $5,000$3,403,470
X-9 Prepaid expenses and deferred chargesStart of year $0$4,488
X-10c Land, buildings and equipment, netStart of year $9,051,017$6,948,097
X-11 Publicly traded securitiesStart of year $0$8,447
X-15 Other assetsStart of year $0$5,756,616
X-16 Total assetsStart of year $14,761,072$20,271,308
X-17 Accounts payable and accrued expensesStart of year $255,407$279,439
X-19 Deferred revenueStart of year $0$36
X-26 Total liabilitiesStart of year $255,407$279,475
X-27 Net assets without donor restrictionsStart of year $10,375,051$14,133,801
X-28 Net assets with donor restrictionsStart of year $4,130,614$5,858,032
X-32 Total net assets or fund balancesStart of year $14,505,665$19,991,833
X-33 Total liabilities and net assetsStart of year $14,761,072$20,271,308
Part XI · Reconciliation of net assets $19,991,833 net assets at year end
XI-1 Total revenue$2,135,564
XI-2 Total expenses$1,281,950
XI-3 Revenue less expenses$853,614
XI-4 Net assets at start of year$14,505,665
XI-5 Net unrealized gains (losses) on investments$99
XI-8 Prior period adjustments$4,632,455
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$19,991,833

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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