River Deep Foundation EIN 81-4540959

River Deep Foundation FY2023 filing

EIN  81-4540959 Supporting organization Lakewood, CO
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers healing and support to veterans, active duty, and individuals with disabilities.
Leadership
Chris Dundas · President/Tr
Money in and out
$12K revenue, $35K expenses
Bottom line
-202% net inflow

Offers healing and support to veterans, active duty, and individuals with disabilities. For fiscal year 2023 it reported $12K in revenue, $35K in expenses, and $533K in net assets.Pt I

Money in and out · FY2023
Total revenue
$12K
Pt VIII · Ln 12
Total expenses
$35K
Pt IX · Ln 25
Net assets
$533K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$23K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.12 Fundraising $0.09
Net inflow
-202%
revenue over expenses, this year
Pass-through gifts
97%
of revenue from contributions
Program spending
79%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$12K
FY2023▼ -72%
Expenses
$35K
FY2023▼ -68%
Total assets
$540K
FY2023▲ +2%
Total liabilities
$7K
FY20230%
Total revenue
$12K
Pt VIII · Ln 12
Total expenses
$35K
Pt IX · Ln 25
Net assets
$533K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$23K
Total assetsPt X · Ln 16$540K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

2 program services account for $28K of program spending, described in the organization's own filed words · FY2023.
01

River deep foundation is dedicated to helping military veterans and other individuals who have experienced physical, emotional or psychological trauma and those who assist them to heal and re-engage in life through adventure, recreation and a network of support.

$28Kprogram expense
02

River deep foundation supports multiple programs focused on outdoor group activities such as fly fishing and hunting, while others focus on learning a new skill such as blacksmithing, archery, art, and scuba to name a few. As a whole, river deep foundation encourages the participation and support of FAMILY/CARETAKERS.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRiver Deep Foundation
EINHdr · item D81-4540959
Principal addressHdr · item CLakewood, CO
WebsiteHdr · item Janglersofhonor.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P11)
Ruling yearIRS BMFJun 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/Tr
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Managing Dir
$0Pt VII · Sec A
Board Direct
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Board Direct
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Bob Adwar’s $40K as Executive Di is at the 27th percentile of top reported officer pay among 2165 $100K–1M human services 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Bob Adwar$39,963$36,663$43,329$6,333
Susan Williamson$16,000$16,000$19,100$16,000
JR Lapierre$5,000

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

Part VIII
Contributions & grants$11K · 97%
Investment income$321 · 3%
Contributions & grants97%$11K
Investment income3%$321
Total revenueLn 12$12K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.12 Fundraising $0.09
Program services79%$28K
Management & general12%$4K
Fundraising9%$3K
Total functional expensesLn 25$35K

Balance Sheet

Part X · end of year
CashLn 1$530K
Total assetsLn 16$540K
Total liabilitiesLn 26$7K
Total net assetsLn 32$533K
Months of cash on handcomputed182.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $530K · Operating expenses/yr $35K
182.7 months
Where the money goes
Program services
Program services $28K · Total expenses $35K
79%
Management & General
Management & general $4K · Total expenses $35K
12%
Fundraising
Fundraising $3K · Total expenses $35K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $50K
$0.20 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $11K · Total revenue $12K
97%
Government reliance
Government grants — · Total revenue $12K
Earned-income share
Program service revenue $0 · Total revenue $12K
0%
Investment reliance
Investment income $321 · Total revenue $12K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $35K
0%
Growth & trend
Revenue growth (YoY)
This year $12K · Prior year $41K
-72%
Revenue CAGR
FY2019 $87K · FY2023 $12K
-40%
Net-asset trend (YoY)
End of year $533K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $12K · Expenses $35K
-202%
Liabilities-to-Assets
Total liabilities — · Total assets $540K
Net-asset ratio
Net assets $533K · Total assets $540K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $540K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chris Dundas · Reported title PRESIDENT/TR · Highest reported compensation $0 · Total expenses $35K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $7K · Total expenses $35K
19%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 12%
Fundraising cost ratio 27%
Revenue growth -72%
Legal fee ratio 0%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$5K
Grants paid · 2 grants · $52K · 2019–2019
Safari Club InternationalCO · FY2019$40,000
Anglers of HonorCO · FY2019$12,500

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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)$110K revenue · ⤓ 990 PDF
FY2024$114K revenue · ⤓ 990 PDF
FY2023$41K revenue · ⤓ 990 PDF
FY2022$100K revenue · ⤓ 990 PDF
FY2021$673K revenue · ⤓ 990 PDF
FY2020$87K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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