Riversport Foundation
- Assets
- $15.7m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 332
- Location
- Oklahoma City, OK
- Founding
- 01/2005
- Data as of
- 12/2021
- 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 12/2021, Riversport Foundation employed 332 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 12/2021, Riversport Foundation generated $8.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $7.8m 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
WE INSPIRE EXCELLENCE, ENHANCE COMMUNITIES, AND CHANGE LIVES THROUGH OLYMPIC WATER-SPORTS AND OUTDOOR URBAN 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Joseph Knopp Executive Director | Officer | 40 | $190,500 |
Elizabeth M Laurent Chief Marketing Officer | 40 | $137,500 | |
Stephen Robert Ball Chief Operating Officer | 40 | $125,000 | |
Michael Ming Chairman | OfficerTrustee | 2 | $0 |
Gene Hopper Director | Trustee | 2 | $0 |
Rhonda Hooper Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wiegand Sports Llc Sports Services | 12/30/17 | $187,079 |
Monarch Marketing Group Llc Construction | 12/30/17 | $262,138 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,175 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,465,955 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,471,130 |
| Total Program Service Revenue | $4,224,861 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $40,713 |
| 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 | $357,254 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,351,381 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,525 |
| 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. | $205,471 |
| Compensation of current officers, directors, key employees. | $41,094 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,950,941 |
| Pension plan accruals and contributions | $46,411 |
| Other employee benefits | $105,691 |
| Payroll taxes | $233,256 |
| Fees for services: Management | $60,329 |
| Fees for services: Legal | $6,604 |
| Fees for services: Accounting | $22,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $321,405 |
| Advertising and promotion | $206,985 |
| Office expenses | $33,371 |
| Information technology | $172,194 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $206,247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $206,615 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $956,725 |
| Insurance | $532,431 |
| All other expenses | $1,451 |
| Total functional expenses | $7,839,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,464 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $26,736 |
| Accounts receivable, net | $36,080 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,655 |
| Inventories for sale or use | $70,953 |
| Prepaid expenses and deferred charges | $7,735 |
| Net Land, buildings, and equipment | $15,315,102 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $60,368 |
| Intangible assets | $0 |
| Other assets | $400 |
| Total assets | $15,712,493 |
| Accounts payable and accrued expenses | $708,388 |
| Grants payable | $0 |
| Deferred revenue | $213,816 |
| 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 | $2,941,178 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,863,382 |
| Net assets without donor restrictions | $11,802,648 |
| 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 | $15,712,493 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Riversport Foundation has recieved totaling $113,775.
| Awarding Organization | Amount |
|---|---|
The Outdoor Foundation Boulder, CO PURPOSE: CONSERVATION | $52,000 |
American Endowment Foundation Hudson, OH PURPOSE: SPORTS/LEISURE | $20,000 |
American Fidelity Foundation Oklahoma City, OK PURPOSE: RIVERSPORT EXPANSION AND SUPPORT | $15,000 |
Dobson Family Foundation Oklahoma City, OK PURPOSE: GENERAL FUND | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,775 |
Womens Sports Foundation New York, NY PURPOSE: Sports 4 Life Program | $7,000 |
Endowment Analysis
| Beg. Balance | $55,423 |
| Earnings | $7,788 |
| Admin Expense | $355 |
| Grants | -$2,489 |
| Ending Balance | $60,367 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Charities Of Northeast Kansas Inc Overland Park, KS | $7,644,669 | $19,984,016 |
Community Council Of Greater Dallas Dallas, TX | $4,744,328 | $19,419,389 |
Nueces County Community Action Agency Corpus Christi, TX | $6,907,131 | $19,554,955 |
United Community Action Program Inc Pawnee, OK | $10,772,761 | $18,838,270 |
Lulac Project Amistad El Paso, TX | $13,396,414 | $20,646,890 |
Youth And Family Alliance Austin, TX | $17,411,303 | $18,334,235 |
Community Action Agency Of Ok City & Ok Canadian Counties Inc Okc, OK | $7,076,135 | $17,912,554 |
Central Missouri Community Action Columbia, MO | $7,094,173 | $19,692,460 |
Economic Opportunities Advancement Corporation Of Planning Region Xi Waco, TX | $7,841,884 | $18,666,042 |
Arkansas Early Learning Inc Jonesboro, AR | $12,519,715 | $17,680,686 |
Big Five Community Services Inc Durant, OK | $12,347,730 | $17,649,703 |
High Plains Christian Ministries Foundation Amarillo, TX | $595,357,596 | $31,544,091 |