Friends Of Riverfront Inc
- Assets
- $60.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beloit, WI
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 39-1808808
Organization Overview
Friends Of Riverfront Inc is located in Beloit, WI. The organization was established in 1995. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Riverfront 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, Friends Of Riverfront Inc generated $83.2k 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 (4.3%) each year. All expenses for the organization totaled $75.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) 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
MONIES ARE EXPENDED FOR PLANTING AND MAINTENANCE OF THE BELOIT RIVERFRONT, COMMUNITY PROGRAMS & EVENTS.FUNDS ARE ALSO EXPENDED FOR VOLUNTEER COORDINATION, MAILING, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Kodl Executive Director | 20 | $28,520 | |
Dierdre Bennett Board Member | 1 | $0 | |
Monica Krysztopa Board Member | 1 | $0 | |
Spencer Waite Board Member | 1 | $0 | |
Theresa Wendhausen Treasurer | 1 | $0 | |
Tim Weeden Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,168 |
| Total Program Service Revenue | $1,173 |
| Membership dues | $0 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $12,831 |
| Total Revenue | $83,176 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $33,285 |
| Professional fees and other payments to independent contractors | $635 |
| Occupancy, rent, utilities, and maintenance | $1,423 |
| Printing, publications, postage, and shipping | $1,009 |
| Other expenses | $39,586 |
| Total expenses | $75,938 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,813 |
| Other assets | $0 |
| Total assets | $60,162 |
| Total liabilities | $459 |
| Net assets or fund balances | $59,703 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Riverfront Inc has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
The Stateline Community Foundation Inc Beloit, WI PURPOSE: FOUNDATION GRANTS | $13,000 |
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