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 12/2021, Riverlink Inc employed 10 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 12/2021, Riverlink Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.7% each year . All expenses for the organization totaled $733.5k during the year ending 12/2021. While expenses have increased by 3.0% 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
2021
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: IN 2021, RIVERLINK COMPLETED ITS RE-ACCREDITATION WITH THE LAND TRUST ALLIANCE, SOLIDIFYING OUR POSITION AS A PROFESSIONAL LAND TRUST FOR THE NEXT 5 YEARS. RIVERLINK ALSO ACQUIRED A SMALL PARCEL OF WETLAND ON FLORIDA AVENUE IN WEST ASHEVILLE FOR THE SAKE OF RESTORATION AND EDUCATION. IN TERMS OF VOLUNTEER ENGAGEMENT AND STEWARDSHIP, RIVERLINK WORKED WITH MUNICIPALITIES, PARTNERS AND VOLUNTEERS TO HOST WORK DAYS FOR REMOVING INVASIVE PLANTS AND GARBAGE FROM FUTURE KAREN CRAGNOLIN PARK AND OTHER PROTECTED LANDS HELD BY RIVERLINK. ADDITIONALLY, RIVERLINK COMPLETED ITS ANNUAL MONITORING AND REPORTING FOR ITS CONSERVATION EASEMENT PROPERTIES. WE ALSO SOLD TWO FEE-SIMPLE PROPERTIES (ONE A FORMER BROWNFIELD IN THE RIVER ARTS DISTRICT AND THE OTHER OUR HISTORIC OFFICE SPACE) RESULTING IN ~$4M IN ENDOWED, QUASI-ENDOWED AND SHORT-TERM INVESTMENTS FOR THE ORGANIZATION FOR
GENERATIONS TO COME. IN ADDITION, WE INVESTED OVER $100,000 IN DESIGN AND PRECONSTRUCTION DOCUMENTS FOR THE GREENWAY PHASE OF THE FUTURE KAREN CRAGNOLIN PARK. WATER QUALITY: IN 2021, WE COMPLETED A SUCCESSFUL FIRST YEAR OF OUR PILOT PROGRAM ADOPT-A-STORM DRAIN. WE REACHED OUR GOAL OF HAVING 100 STORM DRAINS ADOPTED IN THE CENTRAL ASHEVILLE WATERSHED. CONSTRUCTION WAS COMPLETED ON OUR INNOVATIVE STORMWATER PROJECT DIS IN THE MOUNTAINS WITH RAIN GARDENS INSTALLED ON SIX RESIDENTIAL PROPERTIES. RIVERLINK SECURED $354,000 IN GRANT FUNDS TO DESIGN AND CONSTRUCT THE SOUTHSIDE COMMUNITY STORMWATER PROJECT, A GREEN STORMWATER INFRASTRUCTURE PROJECT THAT INCLUDES AMENITIES AT ERSKINE APARTMENTS, AN ASHEVILLE HOUSING AUTHORITY PROPERTY.
EDUCATION: AT THE START OF 2021 OUR EDUCATION PROGRAM CONTINUED WITH VIRTUAL LESSONS DURING THE SPRING SEMESTER OF SCHOOL. WE WERE ABLE TO HOST THESE VIRTUAL OPPORTUNITIES WITH 450 STUDENTS AT 7 DIFFERENT SCHOOLS. AS PANDEMIC RESTRICTION LIFTED WE WERE ABLE TO GET BACK INTO THE CLASSROOM FOR LESSONS WITH SUMMER SCHOOLS IN HENDERSON COUNTY. WE WORKED WITH 225 STUDENTS AT 6 DIFFERENT SCHOOLS DURING THE SUMMER AS WELL AS A COUPLE LESSONS WITH AFTER SCHOOL GROUPS. DURING THE SUMMER WE ALSO HOSTED OUR RIVERCAMP WITH REDUCED CAPACITY AND 20% OF CAMPERS WERE GIVEN FINANCIAL AID. WHEN THE FALL SEMESTER STARTED WE WERE FINALLY ABLE TO HOST ALL IN-PERSON LESSONS AGAIN AND WE WORKED WITH 1,035 STUDENTS AT 14 DIFFERENT SCHOOLS. DURING THIS YEAR OUR EDUCATION PROGRAM WAS AWARDED MULTIPLE GRANTS THAT TOTALED $34,000.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Garrett Artz Executive Director - January To July | Officer | 40 | $35,418 |
Lisa Raleigh Executive Director - September To December | Officer | 40 | $25,540 |
Greg Walker Wilson Interim Director - July To September | Officer | 15 | $15,300 |
Anne Keller Chair | OfficerTrustee | 10 | $0 |
Allison Jordan Secretary | OfficerTrustee | 2 | $0 |
Susan Puryear Vice Chair | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $345,400 |
All other contributions, gifts, grants, and similar amounts not included above | $464,169 |
Noncash contributions included in lines 1a–1f | $100,518 |
Total Revenue from Contributions, Gifts, Grants & Similar | $809,569 |
Total Program Service Revenue | $27,583 |
Investment income | $15,382 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $25,896 |
Net Gain/Loss on Asset Sales | $3,669,816 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,550,324 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $53,144 |
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. | $81,712 |
Compensation of current officers, directors, key employees. | $14,257 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $227,357 |
Pension plan accruals and contributions | $6,073 |
Other employee benefits | $17,299 |
Payroll taxes | $23,626 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $23,161 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $9,250 |
Fees for services: Investment Management | $787 |
Fees for services: Other | $157,577 |
Advertising and promotion | $6,344 |
Office expenses | $16,460 |
Information technology | $9,140 |
Royalties | $0 |
Occupancy | $37,549 |
Travel | $2,060 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $308 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,924 |
Insurance | $10,007 |
All other expenses | $6,163 |
Total functional expenses | $733,538 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $262,198 |
Savings and temporary cash investments | $696,108 |
Pledges and grants receivable | $18,745 |
Accounts receivable, net | $610 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $219,961 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $7,434 |
Net Land, buildings, and equipment | $2,472,708 |
Investments—publicly traded securities | $2,996,447 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,091,311 |
Total assets | $7,765,522 |
Accounts payable and accrued expenses | $63,721 |
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 | $787 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $64,508 |
Net assets without donor restrictions | $7,228,343 |
Net assets with donor restrictions | $472,671 |
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 | $7,765,522 |
Over the last fiscal year, we have identified 2 grants that Riverlink Inc has recieved totaling $13,500.
Awarding Organization | Amount |
---|---|
Bailey Family Foundation Inc Vero Beach, FL PURPOSE: CHARITABLE PURPOSES | $12,000 |
The Tobin Family Education & Health Foundation Stamford, CT PURPOSE: GENERAL CHARITABLE PURPOSES | $1,500 |
Beg. Balance | $51,494 |
Earnings | $7,455 |
Admin Expense | $475 |
Net Contributions | $1,000,000 |
Other Expense | $2,010 |
Ending Balance | $1,056,464 |
Organization Name | Assets | Revenue |
---|---|---|
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Charleston Area Convention & Visitors Bureau Charleston, SC | $17,210,458 | $29,781,081 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Tallatoona Community Action Partnership Inc Cartersville, GA | $2,878,907 | $21,403,724 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Waccamaw Economic Opportunity Council Inc Conway, SC | $5,439,118 | $14,126,176 |