Riverviews
- Assets
- $1.4m
- Revenue
- $283.0k
- Investments
- $141.7k
- Employees
- 7
- Location
- Lynchburg, VA
- Founding
- 04/1996
- Data as of
- 12/2020
- EIN
- 54-1736664
Organization Overview
Riverviews is located in Lynchburg, VA. The organization was established in 1996. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2020, Riverviews employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverviews 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 12/2020, Riverviews generated $283.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $317.1k during the year ending 12/2020. While expenses have increased by 3.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PROVISION OF ART SPACE TO LOCAL ARTISTS FOR GALLERIES AND CLASSROOMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCATED, PURCHASED, AND RENOVATED AN HISTORIC BUILDING. RENTED SPACES TO LOCAL ARTISTS FOR STUDIOS, RESIDENTIAL AND CLASSROOMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Soerensen Executive Director | Officer | 40 | $53,000 |
Gwen Miller-Goulder President | OfficerTrustee | 5 | $0 |
Steve Willis Secretary | OfficerTrustee | 5 | $0 |
Seth Tweary Vice President | OfficerTrustee | 5 | $0 |
Graham Evans Treasurer | OfficerTrustee | 5 | $0 |
Kelly Hitchcock Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,672 |
| Investment income | $2,417 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$20,130 |
| Net Gain/Loss on Asset Sales | -$51,181 |
| Net Income from Fundraising Events | $98 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $282,972 |
| Statement of Expenses | |
|---|---|
| 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. | $53,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,740 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,721 |
| Fees for services: Management | $3,761 |
| Fees for services: Legal | $2,170 |
| Fees for services: Accounting | $5,291 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,384 |
| Advertising and promotion | $1,754 |
| Office expenses | $3,776 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91 |
| 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 | $35,960 |
| Insurance | $3,920 |
| All other expenses | $0 |
| Total functional expenses | $317,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,154 |
| Savings and temporary cash investments | $136,152 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,580 |
| 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 | $13,291 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $141,650 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,407,238 |
| Accounts payable and accrued expenses | $5,344 |
| 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 | $18,848 |
| Total liabilities | $24,192 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,383,046 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Riverviews has recieved totaling $8,541.
| Awarding Organization | Amount |
|---|---|
Greater Lynchburg Community Foundation Lynchburg, VA PURPOSE: ARTIST IN RESIDENCE RELIEF | $8,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Virginia Foundation For The Arts And Sciences Roanoke, VA | $23,731,412 | $2,202,426 |
American Association For Justice Education Fund Washington, DC | $921,629 | $1,985,189 |
Arts Education In Maryland Schools Alliance Inc Baltimore, MD | $710,664 | $736,640 |
Artpop Barium Springs, NC | $253,465 | $499,175 |
Augusta Ferry Authority Inc Augusta, KY | $165,919 | $419,126 |
Jamestowne Society Inc Williamsburg, VA | $2,335,020 | $779,787 |
Naral Pro Choice Maryland Fund Inc Baltimore, MD | $212,072 | $276,773 |
Riverviews Lynchburg, VA | $1,407,238 | $282,972 |
Jackson Art Center Washington, DC | $175,769 | $272,169 |
Vector Space Lynchburg, VA | $474,124 | $452,413 |
Side By Side Studio Louisville, KY | $86,058 | $0 |
Borderless Arts Tennessee Gallatin, TN | $237,207 | $128,929 |