Rivera Memorial Foundation Inc
- Assets
- $388.5k
- Revenue
- $600.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Waterbury, CT
- Founding
- 06/1999
- Data as of
- 01/2024
- EIN
- 06-1536766
Organization Overview
Rivera Memorial Foundation Inc is located in Waterbury, CT. The organization was established in 1999. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 01/2024, Rivera Memorial Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rivera Memorial Foundation 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 01/2024, Rivera Memorial Foundation Inc generated $600.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $482.0k during the year ending 01/2024. While expenses have increased by 20.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE RIVERA MEMORIAL FOUNDATION, INC., STRIVES TO DEVELOP, NURTURE, AND EMPOWER THE FULL HUMAN POTENTIAL OF ALL MEMBERS AND PARTICIPANTS OF THE ORGANIZATION THROUGH A UNITED EFFORT OF THE RIVERA MEMORIAL FOUNDATION AND ITS STAFF, MEMBERS, AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH SPORTS PROGRAMS CHEERLEADING, BASKETBALL AND YOUTH SPORTS. APPROXIMATELY 250+ CHILDREN SERVED DURING THE PAST FISCAL YEAR.
YOUTH PROGRAMS- AFTER SCHOOL PROGRAMS AND VARIOUS YOUTH PROGRAM SERVING CHILDREN FROM THE AGE OF 5 TO 15 WITH VARIOUS SCHOOL AND AFTER SCHOOL PROGRAMS TO REDUCE JUVENILE DELINQUENCY IN THE INNER CITY. APPROXIMATELY 300+ CHILDREN SERVED.
PROVIDE GUIDANCE VIA COLLEGE TOURS AND MEETING COLLEGE RECRUITERS FOR ELIGIBLE INNER CITY STUDENTS FOR OVER 400 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jinny Kilimas Executive Secretary | Officer | 10 | $0 |
Jessica Ocasio Executive Director | Officer | 30 | $0 |
Maritza Rivera Executive President | Officer | 30 | $0 |
Magdalena Valentine-Campos Executive Vice President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,440 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $512,815 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,845 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $575,100 |
| Total Program Service Revenue | $21,541 |
| 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 | -$3,987 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $599,967 |
| 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 | $71,184 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,456 |
| Fees for services: Management | $32,000 |
| Fees for services: Legal | $50 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $430 |
| Advertising and promotion | $2,502 |
| Office expenses | $7,044 |
| Information technology | $6,447 |
| Royalties | $0 |
| Occupancy | $23,610 |
| Travel | $33,485 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250 |
| Interest | $40 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,528 |
| Insurance | $20,260 |
| All other expenses | $166,979 |
| Total functional expenses | $481,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,691 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $107,842 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $388,533 |
| Accounts payable and accrued expenses | $10,323 |
| 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 | $10,323 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $378,210 |
| Total liabilities and net assets/fund balances | $388,533 |