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Rivers Institute

Tax-deductible

New Orleans, LA501(c)(3)Arts & Culture EIN 84-2899785Revenue $931K in FY2024

On file with the IRSriversinstitute.org5352 Camp St, 70115-3046 · New Orleans, LATax-exempt since May 2020Publicly supported charity — 170(b)(1)(A)(vi)

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Rivers Institute for Contemporary Art & Thought (Rivers) is an institute for research, publishing and exhibitions of contemporary art. Based in New Orleans, Rivers recognizeds art as forms of thought shaped by geographic, social, political, environmental and economic histories.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
3 of 3
filings with a surplus
Average surplus $72K a year · 10% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $204K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$19K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$931K
+20% vs prior year
Spent
$820K
To programs
65%
Net assets
$453K
By yearFY2021–FY2024
Revenue
$931K
FY2024▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2021$153K
FY2022$553K
FY2023$778K
FY2024$931K
Expenses
$820K
FY2024▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$541K
FY2023$685K
FY2024$820K
Net assets
$453K
FY2024▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2021$62K
FY2022$250K
FY2023$343K
FY2024$453K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2020.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $529K Management & general 21% · $176K Fundraising 14% · $115K

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.

Part VII, Section A · reportable compensation
Adam Hawf
Chairperson
$0Pt VII · Sec A
Julia Vlock
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Ben Sontheimer
Board Member
$0Pt VII · Sec A
Gardy St Fleur
Board Member
$0Pt VII · Sec A
Seth Stolbun
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Matthew Wood
Board Member
$0Pt VII · Sec A
See Rivers Institute executive salaries →

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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 15aYes

Programs and updates

Researches, publishes, and exhibits contemporary art, viewing it as thought shaped by history.

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Provided by the organization

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1 program · $529K · in their own filed words · FY2024
01

In 2024, rivers was proud to open the posthumous retrospective for louisiana-born artist tina girouard in new orleans and new york. Named one of the "top ten exhibitions in the united states in 2024" by frieze magazine, the exhibition reflected rivers' multi-year research in the archives of the artist's estate and in body of…

$529Kprogram 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 · FY2024
Donor Advised Charitable Giving INCFY2024$150K
The Greater New Orleans FoundationFY2024$35K
The Azby FundFY2024$10K
Arts Council of New OrleansFY2024$9K
Total grants receivedfrom 4 funders$204K
See all 4 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$931K
Ln 12
Gifts and grantsLn 1h$928K
Fees for servicesLn 2g$3K
Money outPt IX
$820K
Ln 25
Programscol B$529K
Managementcol C$176K
Fundraisingcol D$115K
Owns and owesPt X
$453K
net assets · Ln 32
Cash and savingsLn 1–2$472K
Total assetsLn 16$472K
LiabilitiesLn 26$19K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$928K
Fees for servicesLn 2g$3K
Total revenueLn 12$931K
Assets in detailPt X, end of year
CashLn 1$472K
Cash and savings togetherLn 1–2$472K
Total assetsLn 16$472K
LiabilitiesLn 26$19K
Net assetsLn 32$453K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$350K$472K
Total assetsLn 16$350K$472K
LiabilitiesLn 26$8K$19K
Net assetsLn 32$343K$453K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$30K$30K
Other salaries and wagesLn 7$388K$194K$101K$93K
Other employee benefitsLn 9$42K$21K$11K$10K
Payroll taxesLn 10$31K$16K$8K$7K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$25K$17K$9K
Office expensesLn 13$7K$4K$2K
Information technologyLn 14$3K$3K
OccupancyLn 16$13K$13K
TravelLn 17$51K$44K$2K$4K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$180K$180K
All other expensesLn 24e$28K$24K$4K
Total functional expensesLn 25$820K$529K$176K$115K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $931K$820K$111K$453K 990 PDF
FY2023 $778K$685K$93K$343K 990 PDF
FY2022 $553K$541K$13K$250K 990 PDF
FY2021 $153K$62K 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 O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $931,004 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $772,442$928,500
I-9 Program service revenuePrior year $5,093$2,504
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $777,535$931,004
I-13 Grants and similar amounts paidPrior year $0$30,055
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $392,075$460,558
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $292,714$329,742
I-18 Total expensesPrior year $684,789$820,355
I-19 Revenue less expensesPrior year $92,746$110,649
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $931,004 across 4 lines filed
VIII-1f All other contributions, gifts and grants$928,500
VIII-1h Total contributions, gifts and grants$928,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,504$2,504
VIII-12 Total revenueRelated to mission $2,504 · Unrelated business $0 · Excluded from tax $0$931,004
Part IX · Statement of functional expenses $820,355 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $30,055$30,055
IX-7 Other salaries and wagesPrograms $193,750 · Management $100,750 · Fundraising $93,000$387,500
IX-9 Other employee benefitsPrograms $20,963 · Management $10,901 · Fundraising $10,062$41,926
IX-10 Payroll taxesPrograms $15,566 · Management $8,094 · Fundraising $7,472$31,132
IX-11c Accounting feesManagement $15,724$15,724
IX-11g Other fees for servicesPrograms $16,622 · Management $8,607$25,229
IX-13 Office expensesPrograms $4,421 · Management $2,178$6,599
IX-14 Information technologyManagement $2,832$2,832
IX-16 OccupancyManagement $12,851$12,851
IX-17 TravelPrograms $44,178 · Management $2,475 · Fundraising $4,125$50,778
IX-23 InsuranceManagement $8,117$8,117
IX-24 Other expenses (24a–d)Programs $179,752$179,752
IX-24e All other expensesPrograms $24,097 · Management $3,763$27,860
IX-25 Total functional expensesPrograms $529,404 · Management $176,292 · Fundraising $114,659$820,355
Part X · Balance sheet $472,415 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $350,480$472,415
X-16 Total assetsStart of year $350,480$472,415
X-17 Accounts payable and accrued expensesStart of year $7,789$19,075
X-26 Total liabilitiesStart of year $7,789$19,075
X-27 Net assets without donor restrictionsStart of year −$5,983$0
X-28 Net assets with donor restrictionsStart of year $348,674$453,340
X-32 Total net assets or fund balancesStart of year $342,691$453,340
X-33 Total liabilities and net assetsStart of year $350,480$472,415
Part XI · Reconciliation of net assets $453,340 net assets at year end
XI-1 Total revenue$931,004
XI-2 Total expenses$820,355
XI-3 Revenue less expenses$110,649
XI-4 Net assets at start of year$342,691
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$453,340

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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