Riverbay Fund Inc
- Assets
- $128.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bronx, NY
- Founding
- 09/1981
- Data as of
- 12/2021
- EIN
- 13-3062776
Organization Overview
Riverbay Fund Inc is located in Bronx, NY. The organization was established in 1981. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverbay Fund 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, Riverbay Fund Inc generated $91.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $92.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROMOTING RECREATIONAL, EDUCATIONAL AND CULTURAL ACTIVITIES FOR THE YOUTH, SENIOR CITIZENS AND OTHER RESIDENTS OF CO-OP CITY LOCATED IN BRONX NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Peterson Board Member | 2 | $0 | |
Claudia Sampson President | 5 | $0 | |
Cheryl Jenkins Board Member | 2 | $0 | |
Kevin Lambright Board Member | 2 | $0 | |
Leah Richardson Board Member | 2 | $0 | |
Linda Berk First Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,280 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $91,280 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $21,150 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $71,768 |
| Total expenses | $92,918 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,140 |
| Other assets | $0 |
| Total assets | $128,023 |
| Total liabilities | $15,131 |
| Net assets or fund balances | $112,892 |
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