Margaret Rivers Fund
- Assets
- $19.2m
- Revenue
- $723.4k
- Investments
- $19.1m
- Employees
- 0
- Location
- Stillwater, MN
- Founding
- 02/1950
- Data as of
- 12/2022
- EIN
- 41-6017102
Organization Overview
Margaret Rivers Fund is located in Stillwater, MN. The organization was established in 1950. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, 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. Margaret Rivers Fund 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 12/2022, Margaret Rivers Fund generated $723.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (33.0%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT QUALIFIED CHARITABLE ORGANIZATIONS WHOSE GOALS ARE TO IMPROVE HUMAN SERVICES. DONATIONS TO 29 ORGANIZATIONS.
TO SUPPORT QUALIFIED CHARITABLE ORGANIZATIONS WHOSE GOAL IS TO IMPROVE PUBLIC AND SOCIAL SERVICES. DONATIONS TO 26 ORGANIZATIONS.
TO SUPPORT QUALIFIED CHARITABLE ORGANIZATIONS WHOSE GOALS ARE TO IMPROVE EDUCATION. DONATIONS TO 21 ORGANIZATIONS.
TO SUPPORT QUALIFIED CHARITABLE ORGANIZATIONS WHOSE GOALS ARE TO ART AND CULTURE. DONATIONS TO 21 ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Barry Vp/treasurer | 4 | $7,800 | |
Robert Briggs Director | 4 | $3,300 | |
Lawrence Severson Pres/secr | 4 | $7,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $105,127 |
| Dividends & Interest | $412,890 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $204,316 |
| Capital Gain Net Income | $50,098 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,027 |
| Total Revenue | $723,360 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,900 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,493 |
| Depreciation | $0 |
| Occupancy | $6,612 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,820 |
| Total operating and administrative expenses | $135,999 |
| Contributions, gifts, grants paid | $1,607,900 |
| Total expenses and disbursements | $1,743,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,935 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,368 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,244,116 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Margaret Rivers Fund Stillwater, MN | $19,244,116 | $723,360 |
Fund For Lake Michigan Inc Milwaukee, WI | $758,941 | $1,538,874 |
Wisconsin Wildlife Federation Inc Poynette, WI | $862,071 | $374,466 |
Minnesota Environmental Fund Minneapolis, MN | $0 | $0 |
Mondovi Conservation Club Inc Mondovi, WI | $362,482 | $273,128 |
Friends Of Carlisle Parks Inc Carlisle, IA | $47,962 | $0 |
Good Guy Open Inc Andover, MN | $330,065 | $0 |
Mead Wildlife Area Tr Wisconsin Rapids, WI | $1,267,893 | $80,690 |
Kettle Moraine Garden Club Inc Nashotah, WI | $123,969 | $0 |
Mwr Foundation Inc Kaukauna, WI | $2,439 | $0 |
Rusinow Family Charitable Foundation Inc Grafton, WI | $12,027 | -$10,251 |
Swan Lake Area Wildlife Assoication Lake Crystal, MN | $1,977,451 | $138,531 |
Des Moines County Conservation Foundation Burlington, IA | $78,617 | $0 |