Sound Rivers Inc
- Assets
- $1.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Washington, NC
- Founding
- 08/1982
- Data as of
- 12/2022
- EIN
- 58-1475258
Organization Overview
Sound Rivers Inc is located in Washington, NC. The organization was established in 1982. According to its NTEE Classification (C01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Environment and related organizations. As of 12/2022, Sound Rivers Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sound Rivers 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 12/2022, Sound Rivers Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $968.7k during the year ending 12/2022. While expenses have increased by 7.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT AND ENHANCE THE TAR-PAMLICO AND NEUSE RIVERS AND WATERSHEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOCUS AND EFFORTS REVOLVED AROUND THE ORGANIZATION'S CORE PROGRAMS OF ENVIROMENTAL EDUCATION, ADVOCACY, AND RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Kastleman President | OfficerTrustee | 5 | $0 |
Adrian Atkinson Vice Preside | OfficerTrustee | 2.5 | $0 |
David Emmerling Secretary/tr | OfficerTrustee | 2.5 | $0 |
Betsy Hester Executive Co | OfficerTrustee | 2.5 | $0 |
Joseth Bocook Director | Trustee | 1 | $0 |
Ann Marie Holder Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,987 |
| Membership dues | $50,240 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $135,801 |
| All other contributions, gifts, grants, and similar amounts not included above | $631,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $821,075 |
| Total Program Service Revenue | $160,774 |
| Investment income | $55,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,108 |
| Net Income from Fundraising Events | $46,323 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,092,339 |
| 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. | $82,796 |
| Compensation of current officers, directors, key employees. | $12,420 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $305,853 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,382 |
| Payroll taxes | $27,462 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,221 |
| Advertising and promotion | $11,728 |
| Office expenses | $23,097 |
| Information technology | $7,058 |
| Royalties | $0 |
| Occupancy | $28,912 |
| Travel | $18,090 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,977 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,489 |
| Insurance | $15,824 |
| All other expenses | $9,655 |
| Total functional expenses | $968,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $579,370 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,329 |
| 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 | $2,108 |
| Net Land, buildings, and equipment | $127,959 |
| Investments—publicly traded securities | $812,071 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,569,837 |
| Accounts payable and accrued expenses | $40,767 |
| 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 | $40,767 |
| Net assets without donor restrictions | $1,276,743 |
| Net assets with donor restrictions | $252,327 |
| 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 | $1,569,837 |