River Valley Rescources Inc
- Assets
- $3.2m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 100
- Location
- Madison, IN
- Founding
- 07/1991
- Data as of
- 06/2023
- EIN
- 35-1820770
Organization Overview
River Valley Rescources Inc is located in Madison, IN. The organization was established in 1991. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2023, River Valley Rescources Inc employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Valley Rescources 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 06/2023, River Valley Rescources Inc generated $5.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $5.3m during the year ending 06/2023. While expenses have increased by 7.5% 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
TO PREPARE YOUTH AND UNSKILLED ADULTS FOR ENTRY INTO THE WORKFORCE AND TO ASSIST ECONOMICALLY DISADVANTAGED INDIVIDUALS IN BECOMING SELF SUFFICIENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WORKFORCE INNOVATION AND OPPORTUNITY ACT (WIOA) OFFERS STAFF-ASSISTED SERVICES TO ADULTS AND DISLOCATED WORKERS WHO MAY HAVE BARRIERS TO EMPLOYMENT, BE UNEMPLOYED, OR UNDEREMPLOYED TO SUCCEED IN THE LABOR MARKET. ACCESSING OPPORTUNITIES FOR EMPLOYMENT, EDUCATION, TRAINING, AND SUPPORT SERVICES HELPS ENSURE JOB SEEKERS HAVE THE SKILLS AND CREDENTIALS NECESSARY TO SECURE AND ADVANCE IN EMPLOYMENT.
THE YAS PROGRAM IS AN INDIVIDUALIZED PROGRAM THAT MEETS THE NEEDS AND INTERESTS OF EACH YOUTH FUNDED BY THE WORKFORCE INNOVATION AND OPPORTUNITY ACT, JAG, AND PREETS. YOUTH WORK WITH A YOUTH CAREER ADVISOR TO IDENTIFY THEIR SKILL SETS AND INTERESTS AND UTILIZE THAT INFORMATION TO DEVELOP A PLAN FOR EDUCATION AND EMPLOYMENT.
RIVER VALLEY RESOURCES' ADULT EDUCATION PROGRAMS PROVIDE MATH, READING, AND WRITING INSTRUCTION FREE OF CHARGE TO HELP ADULTS ACQUIRE THE SKILLS NEEDED TO EARN A HIGH SCHOOL EQUIVALENCY DIPLOMA, GO TO COLLEGE, OR ENTER AN ENTRY-LEVEL OCCUPATIONAL CERTIFICATION PROGRAM. YOU CAN EVEN EARN A HIGH SCHOOL EQUIVALENCY DIPLOMA AND AN OCCUPATIONAL CERTIFICATE AT THE SAME TIME THROUGH OUR WORKINDIANA PROGRAM, ALLOWING YOU TO GET BACK TO WORK OR SWITCH CAREERS QUICKLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Huffman Chairperson | OfficerTrustee | 1 | $0 |
Jeff Hartz Vice Chair | OfficerTrustee | 1 | $0 |
Jon Bond Secretary/treasurer | OfficerTrustee | 1 | $0 |
Curtis Adkins Member | Trustee | 1 | $0 |
David Terrell Member | Trustee | 1 | $0 |
Gloria Risk Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $11,215 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,195,102 |
| All other contributions, gifts, grants, and similar amounts not included above | $316,226 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,522,543 |
| Total Program Service Revenue | $0 |
| Investment income | $1,402 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,379 |
| 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 | $5,535,324 |
| 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. | $112,056 |
| Compensation of current officers, directors, key employees. | $85 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,858,736 |
| Pension plan accruals and contributions | $89,338 |
| Other employee benefits | $126,404 |
| Payroll taxes | $423,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,283 |
| Fees for services: Accounting | $29,047 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,132 |
| Advertising and promotion | $0 |
| Office expenses | $214,619 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,515 |
| Travel | $56,559 |
| 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 | $0 |
| Insurance | $16,060 |
| All other expenses | $0 |
| Total functional expenses | $5,253,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,200 |
| Savings and temporary cash investments | $1,211,105 |
| Pledges and grants receivable | $982,064 |
| 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 | $8,327 |
| Net Land, buildings, and equipment | $1,023,055 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,226,751 |
| Accounts payable and accrued expenses | $347,015 |
| 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 | $347,015 |
| Net assets without donor restrictions | $2,519,637 |
| Net assets with donor restrictions | $360,099 |
| 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 | $3,226,751 |