Riverlink Inc
- Assets
- $7.6m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Asheville, NC
- Founding
- 02/1990
- Data as of
- 12/2022
- EIN
- 58-1867958
Organization Overview
Riverlink Inc is located in Asheville, NC. The organization was established in 1990. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Riverlink Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverlink 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, Riverlink Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $862.6k during the year ending 12/2022. While expenses have increased by 5.4% 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
RIVERLINK PROMOTES THE ENVIRONMENTAL AND ECONOMIC VITALITY OF THE FRENCH BROAD RIVER AND ITS WATERSHED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAND CONSERVATION: 2022 WAS A ROBUST YEAR FOR OUR LAND RESOURCES PROGRAM. WE CONDUCTED ANNUAL MONITORING OF OUR 9 FEE-SIMPLE PROPERTIES AND 23 CONSERVATION EASEMENTS AS WELL AS TOOK ON A 24TH CONSERVATION EASEMENT IN PARTNERSHIP WITH OLIVETTE RIVERSIDE COMMUNITY AND FARM. THIS NEW CONSERVATION EASEMENT PROTECTS 16.63 ACRES OF HEALTHY FOREST, STEEP SLOPE, AND RIPARIAN BUFFER NEAR THE FRENCH BROAD RIVER IN NORTHERN BUNCOMBE COUNTY AND SAFEGUARDS 450 LINEAR FEET ALONG NEWFOUND CREEK; TWO NORTH CAROLINA HERITAGE PROGRAM-PRIORITY SPECIES: EASTERN HEMLOCK AND RIVERBANK WILD RYE
WATER QUALITY: IN 2022, OUR WATERSHED RESOURCES PROGRAM HAD AN IMPACTFUL YEAR OF COMMUNITY ENGAGEMENT AND ON-THE-GROUND PROJECTS TO PROTECT WATER QUALITY AND PROMOTE CLIMATE RESILIENCE IN THE FRENCH BROAD RIVER WATERSHED. THROUGH OUR WATERRICH STORMWATER EDUCATION PROGRAM, WE DISTRIBUTED 50 RAIN BARRELS TO BUNCOMBE COUNTY RESIDENTS AND LED 20 PARTICIPANTS IN A HANDS-ON WORKSHOP TO INSTALL A RAIN GARDEN THAT WILL PROTECT LAKE TOMAHAWK FROM POLLUTED RUNOFF. 66 STORM DRAINS WERE ADOPTED BY RESIDENTS OF ASHEVILLE AS PART OF OUR ADOPT- A-STORM DRAIN PROGRAM.
EDUCATION: IN 2022 OUR EDUCATION PROGRAMS CONTINUED TO PROVIDE FREE AND ACCESSIBLE OPPORTUNITIES FOR STUDENTS THROUGHOUT WNC TO CONNECT WITH THEIR ENVIRONMENT. OUR IN-SCHOOL PROGRAMMING BROUGHT AQUATIC ECOLOGY LESSONS TO 42 DIFFERENT SCHOOLS, ENGAGING A TOTAL OF 4,360 STUDENTS. WE ALSO RAN 4 WEEKS OF SUMMER CAMP WHERE WE EXPLORED THE WATERSHED WITH 48 CAMPERS, 20% OF WHICH WERE PROVIDED WITH A FULL SCHOLARSHIP. GIVEN THE SUCCESS OF OUR IN-SCHOOL PROGRAMS WE STARTED THE PROCESS OF HIRING A NEW EDUCATOR TO HELP US EXPAND OUR OFFERINGS INTO THE AFTERSCHOOL SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Raleigh Executive Director | Officer | 40 | $81,324 |
Anne Keller Chair | OfficerTrustee | 6 | $0 |
Susan Puryear Vice Chair | OfficerTrustee | 1 | $0 |
Eric Michael Treasurer | OfficerTrustee | 2 | $0 |
Lowell Grabel Secretary | OfficerTrustee | 1 | $0 |
John Oswald Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,221 |
| Related organizations | $0 |
| Government grants | $54,836 |
| All other contributions, gifts, grants, and similar amounts not included above | $993,955 |
| Noncash contributions included in lines 1a–1f | $4,165 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,063,012 |
| Total Program Service Revenue | $52,995 |
| Investment income | $66,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$180,444 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,002,130 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $59,617 |
| 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. | $81,324 |
| Compensation of current officers, directors, key employees. | $13,012 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $256,705 |
| Pension plan accruals and contributions | $5,612 |
| Other employee benefits | $25,671 |
| Payroll taxes | $25,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,411 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,597 |
| Fees for services: Other | $172,688 |
| Advertising and promotion | $17,281 |
| Office expenses | $18,037 |
| Information technology | $7,582 |
| Royalties | $0 |
| Occupancy | $60,915 |
| Travel | $3,621 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $970 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,298 |
| Insurance | $18,502 |
| All other expenses | $10,029 |
| Total functional expenses | $862,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $653,099 |
| Savings and temporary cash investments | $470,142 |
| Pledges and grants receivable | $22,555 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $186,383 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,122 |
| Net Land, buildings, and equipment | $2,503,705 |
| Investments—publicly traded securities | $2,559,529 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,163,516 |
| Total assets | $7,569,051 |
| Accounts payable and accrued expenses | $27,638 |
| 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 | $121,302 |
| Total liabilities | $148,940 |
| Net assets without donor restrictions | $6,592,068 |
| Net assets with donor restrictions | $828,043 |
| 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 | $7,569,051 |