Riverview Technology Corporation
- Assets
- $6.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Junction, CO
- Founding
- 02/2003
- Data as of
- 09/2023
- EIN
- 33-1004117
Organization Overview
Riverview Technology Corporation is located in Grand Junction, CO. The organization was established in 2003. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverview Technology Corporation 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 09/2023, Riverview Technology Corporation generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.2m during the year ending 09/2023. While expenses have increased by 4.8% per year over the past 7 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
TO PROVIDE RENTAL SPACE FOR GOVERNMENT ENTITIES AND ECONOMIC DEVELOPMENT BUSINESSES LOCATED AT THE INCUBATOR FACILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES COMMERCIAL RENTAL SPACE FOR WESTERN COLORADO NEW BUSINESS DEVELOPMENT AND THE DEPARTMENT OF ENERGY IN A COMPLEX THAT WAS DONATED TO RIVERVIEW TECHNOLOGY CORPORATION BY THE UNITED STATES GOVERNMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelly S Dackonish Board Member | Trustee | 1 | $0 |
Bobbie Daniel Board Member | Trustee | 1 | $0 |
Sheri Heath Board Member | Trustee | 1 | $0 |
Craig Little President | OfficerTrustee | 1 | $0 |
Chris Muhr Vice Preside | OfficerTrustee | 1 | $0 |
Phill Raimer Secretary/tr | OfficerTrustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,175,564 |
| Investment income | $211 |
| 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 | $1,175,775 |
| 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 | $160,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,471 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,389 |
| 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 | $211,204 |
| Insurance | $64,920 |
| All other expenses | $80,330 |
| Total functional expenses | $1,171,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $878,267 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,772 |
| 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 | $26,131 |
| Net Land, buildings, and equipment | $5,608,146 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,611,316 |
| Accounts payable and accrued expenses | $126,849 |
| 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 | $126,849 |
| Net assets without donor restrictions | $6,484,467 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $6,611,316 |