Friends Of The Rivers Inc
- Assets
- $790.8k
- Revenue
- $82.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Wayne, IN
- Founding
- 06/2005
- Data as of
- 12/2021
- EIN
- 05-0608001
Organization Overview
Friends Of The Rivers Inc is located in Fort Wayne, IN. The organization was established in 2005. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Rivers Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Friends Of The Rivers Inc generated $82.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (30.1%) each year. All expenses for the organization totaled $104.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS OF THE RIVERS: CELEBRATING FORT WAYNE'S RIVERS AS A SOURCE OF RECREATION, COMMUNITY ENGAGEMENT AND ECONOMIC DEVELOPMENT. FRIENDS OF THE RIVERS IS DEDICATED TO ENHANCING THE COMMUNITY'S APPRECIATION, EXPERIENCE, AND USE OF THE RIVERS. THE ORGANIZATION PROVIDES RIVER CRUISES ABOARD A 54-FOOT CANAL BOAT MODELED AFTER AN AUTHENTIC 1840'S CANAL BOAT BEGINNING IN 2017. THE 1840'S-STYLE, FLAT BOTTOM BOAT WILL ALLOW INDIVIDUALS TO EXPERIENCE THE RIVERS AND THE POTENTIAL THEY OFFER FOR DEVELOPMENT, RECREATION, AND EDUCATIONAL PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVER TOURS ABOARD OUR REPLICA CANAL BOAT LAUNCHED AGAIN IN 2021, AFTER NOT OPERATING IN 2020 DUE TO COVID RESTRICTIONS. OUR RIDERSHIP FOR 2021 REACHED AN ALL-TIME HIGH OF OVER 4,600 DURING OUR 15 WEEK SEASON. PROVIDED 107 PUBLIC SWEET BREEZE TOURS OF NORTHEAST INDIANA RIVERS. CONDUCTED 12 PRIVATE TOURS FOR REGIONAL GROUPS AND OUTINGS. HOSTED 20 EDUCATIONAL TOURS, OFFERING BOTH HISTORY AND SCIENCE APPROPRIATE EDUCATIONAL MATERIALS AND NARRATION FOR GRADES 3 THROUGH HIGH SCHOOL AND AN ALL ABILITIES FIELD TRIP OFFERING.
CELEBRATED WORLD RIVERS DAY ON SUNDAY SEPTEMBER, 26 WITH OVER 4,000 PEOPLE AT THE PROMENADE PARK FOUNDATION PAVILION. ACTIVITIES INCLUDED BOTH SWEET BREEZE FEST AND CLEAN DRAINS FORT WAYNE FEST, AS WELL AS COLLABORATIONS WITH MANY RIVER-RELATED EDUCATIONAL ORGANIZATIONS. CLEAN DRAINS FORT WAYNE IS A THREE YEAR COLLABORATION BETWEEN FRIENDS OF THE RIVERS AND FORT WAYNE CITY UTILITIES, WITH A GOAL OF RAISING AWARENESS OF THE VALUE AND IMPORTANCE OF THE ST. JOSEPH, ST. MARYS, AND MAUMEE RIVERS, THROUGH THE SIMPLE SLOGAN: "ONLY RAIN IN THE DRAIN". 2021 IS OUR FIRST YEAR OF THE CLEAN DRAINS FORT WAYNE INITIATIVE, TRANSFORMING 34 COMMUNITY DRAINS INTO ENGAGING WORKS OF ART THAT INFORMED RESIDENTS THAT TO PROTECT OUR RIVERS WE MUST BE MINDFUL OF WHAT GOES DOWN OUR STORM DRAINS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Peters Treasurer | OfficerTrustee | 2 | $0 |
Mike Erler President | OfficerTrustee | 8 | $0 |
Ron Menze Immediate Pa | OfficerTrustee | 2 | $0 |
Megan Butler Secretary | OfficerTrustee | 2 | $0 |
Lea Ann Powers Vice Preside | OfficerTrustee | 2 | $0 |
Cheri Becker Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,179 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,179 |
| Total Program Service Revenue | $11,055 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,234 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,711 |
| Advertising and promotion | $5,668 |
| Office expenses | $2,480 |
| Information technology | $4,580 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,508 |
| Insurance | $13,228 |
| All other expenses | $0 |
| Total functional expenses | $104,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,842 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,055 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $540,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $790,792 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $739,435 |
| Net assets with donor restrictions | $51,357 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $790,792 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Friends Of The Rivers Inc has recieved totaling $27,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN PURPOSE: CHARITABLE SUPPORT | $10,000 |
Journal-Gazette Foundation Inc Fort Wayne, IN PURPOSE: OPERATIONS | $5,000 |
M E Raker Foundation Inc Fort Wayne, IN PURPOSE: CLEAR DRAINS FORT WAYNE PROJECT | $5,000 |
Nisource Charitable Foundation Columbus, OH PURPOSE: CORPORATE DONATION | $5,000 |
Howard P Arnold Foundation Inc Fort Wayne, IN PURPOSE: PADDIES AWEIGH | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Economic Development Corp Milwaukee, WI | $129,937,785 | $4,507,113 |
The Center Of Workforce Innovations Inc Valparaiso, IN | $2,958,255 | $14,608,336 |
World Business Chicago Chicago, IL | $9,302,792 | $9,942,081 |
Enlace Chicago Chicago, IL | $7,912,354 | $9,016,287 |
West Central Indiana Economic Development District Inc Terre Haute, IN | $2,629,970 | $4,624,225 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Evansville Vanderburgh County Convention & Visitors Bureau Inc Evansville, IN | $5,490,585 | $3,551,749 |
Milwaukee Urban Strategic Investment Corp Milwaukee, WI | $23,035,863 | $4,044,506 |
Far South Cdc Chicago, IL | $4,303,074 | $2,694,787 |
Northwest Side Community Development Corporation Milwaukee, WI | $11,140,702 | $4,254,876 |
Wepower Saint Louis, MO | $83,554 | $1,807,746 |
Capitalplus Exchange Corporation Skokie, IL | $2,405,541 | $1,079,242 |