Riversport Foundation
- Assets
- $15.4m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 356
- Location
- Oklahoma City, OK
- Founding
- 01/2005
- Data as of
- 12/2023
- EIN
- 20-1837237
Organization Overview
Riversport Foundation is located in Oklahoma City, OK. The organization was established in 2005. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Riversport Foundation employed 356 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riversport Foundation 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 12/2023, Riversport Foundation generated $8.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $9.3m during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE INSPIRE EXCELLENCE, ENHANCE COMMUNITIES, AND CHANGE LIVES THROUGH OLYMPIC WATER-SPORTS, AND OUTDOOR ADVENTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE INSPIRE EXCELLENCE, ENHANCE COMMUNITIES, AND CHANGE LIVES THROUGH OLYMPIC WATER-SPORTS AND OUTDOOR ADVENTURES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Joseph Knopp Executive Director | Officer | 40 | $202,300 |
Stephen Robert Ball Chief Operating Officer | 40 | $126,931 | |
Gene Hopper Chairman | OfficerTrustee | 2 | $0 |
Elizabeth M Laurent Chief Marketing Officer | 40 | $143,067 | |
Tom Apel Director | Trustee | 2 | $0 |
Mark Beffort Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Monarch Marketing Group Llc Construction | 12/30/17 | $262,138 |
Wiegand Sports Llc Sports Services | 12/30/17 | $187,079 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,042 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $649,882 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $659,924 |
| Total Program Service Revenue | $6,844,321 |
| Investment income | $108,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $69,488 |
| Net Gain/Loss on Asset Sales | $8,550 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $488,163 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,236,588 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $750 |
| 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. | $202,411 |
| Compensation of current officers, directors, key employees. | $40,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,485,124 |
| Pension plan accruals and contributions | $39,636 |
| Other employee benefits | $196,702 |
| Payroll taxes | $288,924 |
| Fees for services: Management | $114,019 |
| Fees for services: Legal | $11,954 |
| Fees for services: Accounting | $36,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,627 |
| Advertising and promotion | $406,636 |
| Office expenses | $32,278 |
| Information technology | $172,192 |
| Royalties | $283 |
| Occupancy | $0 |
| Travel | $259,569 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $320,212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,001,548 |
| Insurance | $742,569 |
| All other expenses | $0 |
| Total functional expenses | $9,333,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$98,653 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $88,061 |
| Accounts receivable, net | $89,555 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $69,124 |
| Prepaid expenses and deferred charges | $362,037 |
| Net Land, buildings, and equipment | $14,826,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $53,275 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,390,088 |
| Accounts payable and accrued expenses | $526,345 |
| Grants payable | $0 |
| Deferred revenue | $202,365 |
| 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 | $2,819,120 |
| Unsecured mortgages and notes payable | $250,000 |
| Other liabilities | $0 |
| Total liabilities | $3,797,830 |
| Net assets without donor restrictions | $11,545,796 |
| Net assets with donor restrictions | $46,463 |
| 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 | $15,390,089 |